| J.W. (Bill) & Barbara Turner Library Endowment |
Story originally ran in FY2006 Annual Report The foundation of a great university is a great library with strong collections that are expansive and layered. Bill and Barbara Turner of Houston are helping to strengthen the Library’s collection with a recent gift establishing a named endowment. Bill graduated from OAMC in 1950 with a BS in general business, and the Turners’ endowment will purchase library materials supporting the OSU Spears School of Business. "When I was in college, I worked at the Library," said Bill. "They had received some maps from the government and these had to be separated and classified. The project lasted a couple months, but when we finished they kept me on in the documents department. I appreciated the help at the time, and now I want to help the Library in return." Endowments are an essential part of the Library’s long term funding strategy. Funds are invested and earn interest in perpetuity. Each year, a percentage of the interest is used to purchase materials; the remainder is reinvested so the endowment can continue to grow. Named endowments are established with a minimum contribution of $10,000 and must be fully funded within 5 years. Items purchased with endowment funds are recognized with a customized bookplate and a note in the online OSU Library Catalog. The Library Development Office can provide more information on named endowments; call (405) 744-6323 or email chaney@osugiving.com. Some Local Resources:Coming Soon--View the items in the J.W. (Bill) & Barbara Turner Library Endowment View items held in the OSU Libraries about business |