Golden Circle of Friends 50th Anniversary Endowment
Friends Create Lasting Legacy
Story originally ran in Spring 2004 Perspectives
The 50th Anniversary Celebration was a wildly successful campaign for the OSU Library. The campaign itself was recognized by the American Library Association with a John Cotton Dana Award. This national award honors outstanding library public relations efforts. The campaign also raised $58,000 in sponsorships and partnerships, more than double the original goal of $25,000.
The Friends Board of Directors decided to use the additional funds to create an endowment that would stand as a lasting tribute to the Friends organization and this milestone anniversary. The Golden Circle of Friends Anniversary Endowment, established in 2003, is unrestricted and allows the Library to meet unforeseen needs as they arise.
Anyone can contribute to the Golden Circle of Friends 50th Anniversary Endowment, and the Friends Board has earmarked $50,000 to match the first $50,000 in gifts to the new endowment. As with all endowments, the funds are invested and earn interest in perpetuity. The Library uses a percentage of the interest, and the remaining interest is reinvested so the endowment can continue to grow.
Some Local Resources:
Learn more about about the Edmon Low Library's 50th Anniversary
For information on the H. Louise & H.E. "Ed" Cobb Speaker Series presented by the Friends of the OSU Library, contact Debbie Clemons at email@example.com or 405-744-7273.