Welcome to the Princeton Public Library Foundation.
The Princeton Public Library Foundation supports the library’s mission to connect people with ideas, information, technology, resources and each other in ways that enrich their lives and help them to realize their dreams.
The library has a tradition reaching back more than 100 years, but the strength of the library is its ability to remain meaningful and contemporary in an ever-changing world. A gift to the Foundation will provide the support necessary for the library to continue to meet the challenges and needs of the next century.
ABOUT THE FOUNDATION
The Princeton Public Library Foundation was established in 1996 by a group of citizens who realized that the annual $1 million gap between public support and the cost of providing leading-edge library services could jeopardize the library’s long-term health. The Foundation was incorporated in 1997.
The Foundation has pursued its original vision of generating private-sector support to provide a stable source of funding for the library. This income supplements the generous tax-based funding (nearly 75 percent of operating costs) provided by the municipality of Princeton, NJ. A lead gift from George and Estelle Sands created an Endowment Fund in 2003, following a successful building campaign. Since then, private contributions have brought the total value of endowment to $14 million. As we look to the future and our goal of providing a stable source of funding for the library, the Foundation hopes to build the Endowment to $20 million by the year 2025.
THE WILLARD T.C. JOHNSON CHALLENGE GRANT FOR BUILDING STEWARDSHIP
As facilities age they require significant investment to ensure that the space is updated and refreshed to meet changing needs. To meet this challenge a Building Stewardship Endowment was created. This targeted endowment fund will provide funding resources required to maintain a world-class public library facility that can adapt to the ever changing needs of future generations.
Through the extraordinary kindness and vision of long-time library supporter Betty Wold Johnson, the library received a $1million challenge grant, to be used as an incentive toward building the Stewardship Fund. Every gift raised toward the challenge was matched dollar for dollar.
JEAN FEATHERLY BYRNE ENDOWMENT FUND FOR CHILDREN’S LITERATURE
The Library Foundation is delighted to announce the recently established Jean F. Byrne Endowment Fund for Children’s Literature. This fund was established by Barbara and Tom Byrne in honor of Tom’s mother, former first lady of New Jersey, Jean Featherly Byrne, whose patience and kindness were a beacon to young children. Jean Featherly Byrne was a champion of programs in support of children and we are pleased to continue her legacy at the library.
|2018 FOUNDATION BOARD OF DIRECTORS
Elizabeth Protage Walsh
Estelle M. Sands