Funded: Rapp Challenge Grant

About the Friends How to Join H. Louise & H.E. "Ed" Cobb Speaker Series Other Events Member Profiles Endowments Donor Opportunities Contact Us Give Online

The Need

A library’s collection is invaluable not only for recruiting the best faculty and students possible, but also for contributing to the excellence of the University. Endowed collection funds are an essential part of the Library’s strategy for assuring that it can meet the information needs of students, faculty, and other scholars for years to come and maintain its reputation as a comprehensive research library.

A Library Collection Endowment provides ongoing support for the acquisition of books and other research materials resulting in collections that are broader, deeper and more up-to-date than otherwise possible. These funds are invested and earn interest in perpetuity. The Library uses a percentage of the interest to purchase materials. The remaining interest is reinvested, so the endowment can continue to grow.

The Opportunity

The Rapp Foundation has provided a challenge grant of $50,000, funded over three years, to be equally matched by gifts raised through the OSU Foundation. Combined with the Rapp Foundation’s gift, these matching funds will result in a $100,000 endowment, providing a perpetual source of income for the purchase of new acquisitions. Purchases made by the endowment will alternate annually between the Edmon Low Library—specifically material supporting the President’s Distinguished Scholarship and the Distinguished Graduate Fellowship programs—and the William E. Brock Memorial Library in the OSU Center for Veterinary Health Sciences.

Completing the Rapp Foundation Challenge Grant aligns with the OSU Strategic Goal to provide a stimulating, responsive, and effective environment for student learning, and academic achievement. This project also directly supports the University’s strategic themes of

• Academic Instruction by facilitating diverse learning and rich educational opportunities
• Research by contributing to a variety of OSU disciplines
• and Human Development by increasing the availability of quality information.

Return to Friends Home Page OSU Foundation Give Online