Friends of the Homer Public Library, Inc.
500 Hazel Avenue, Homer, AK 99603
907-235-3180
500 Hazel Avenue, Homer, AK 99603
907-235-3180
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| FHL Endowment Quilt donated by local Homer quilter |
In 2004, the FHL established the Friends of the Homer Public Library Endowment Fund with the Homer Foundation for the purpose of providing the organization a permanent stream of income in the form of earnings on the principal of the fund. The FHL funds are invested by a respected team of Homer Foundation advisers and the earnings are distributed annually.
FHL is committed to growing the fund to a size that will ensure financial stability and sustainability, thus allowing the Friends to concentrate on their mission to provide volunteer support for library programs and services that enrich the public library experience and to promote the use and enjoyment of the library.
The FHPL Endowment Fund saw substantial success in its first year. The funds' inital investment of $12,300 grew to $45,522 as the result of contributions by generous donors and sound investments. The fund is now valued at over $55,000 and our goal is to grow it to $100,000 by December of 2010. Can you help?
Your tax deductible gift to the FHPL Endowment fund is a gift in perpetuity, one that lasts beyond the lifetime of the donor, one that is sure to be managed efficiently and invested wisely for the long-term benefit of the Homer Public Library. As a special incentive, the first 100 contributors of $100 or more to the fund will have the name of their choice placed on a book spine on the beautiful bookshelf quilt made for FHL by a local quilter. This quilt is currently on display at the library. It will be permanently housed in the Pratt Museum’s quilt collection and displayed periodically at the new library. Don’t get left out! Make your contribution today!
Maximum Tax Deductibility. As a public charity, the Foundation affords donors tax deductions for income and estate tax purposes to the maximum extent permissible under current tax law.
Economies Of Scale. By pooling assets, diversifying investments and sharing expenses among all managed funds, the Foundation is able to accelerate the growth and reduce the administrative expense of each of its funds.
Worry Free Investing. Funds are invested for long-term growth. A prudent, yet aggressive investment strategy enables a fund, over time, to appreciate in value so that inflation does not diminish its significance.
Perpetuity. Donors appreciate knowing that their charitable gifts will outlast their lifetimes. If the Friends of the Homer Public Library ceases to exist, the endowment will continue to support charitable purposes similar to those provided by the agency in the Greater Homer Area. Thus, all gifts to the endowment will forever be translated into relevant charitable purposes.
All administrative services are performed by the Homer Foundation without charge.
FHL is committed to growing the fund to a size that will ensure financial stability and sustainability, thus allowing the Friends to concentrate on their mission to provide volunteer support for library programs and services that enrich the public library experience and to promote the use and enjoyment of the library.
The FHPL Endowment Fund saw substantial success in its first year. The funds' inital investment of $12,300 grew to $45,522 as the result of contributions by generous donors and sound investments. The fund is now valued at over $55,000 and our goal is to grow it to $100,000 by December of 2010. Can you help?
Your tax deductible gift to the FHPL Endowment fund is a gift in perpetuity, one that lasts beyond the lifetime of the donor, one that is sure to be managed efficiently and invested wisely for the long-term benefit of the Homer Public Library. As a special incentive, the first 100 contributors of $100 or more to the fund will have the name of their choice placed on a book spine on the beautiful bookshelf quilt made for FHL by a local quilter. This quilt is currently on display at the library. It will be permanently housed in the Pratt Museum’s quilt collection and displayed periodically at the new library. Don’t get left out! Make your contribution today!
BENEFITS OF AN ENDOWMENT WITHIN THE HOMER FOUNDATION
Permanent Stewardship Of Gifts. The terms governing the administration of an endowment fund are legally binding, so donors may rest assured that their charitable objectives will be followed in perpetuity. In addition, the Foundation guarantees that the endowment’s assets will remain intact to provide ongoing income for the fund’s charitable purposes.Maximum Tax Deductibility. As a public charity, the Foundation affords donors tax deductions for income and estate tax purposes to the maximum extent permissible under current tax law.
Economies Of Scale. By pooling assets, diversifying investments and sharing expenses among all managed funds, the Foundation is able to accelerate the growth and reduce the administrative expense of each of its funds.
Worry Free Investing. Funds are invested for long-term growth. A prudent, yet aggressive investment strategy enables a fund, over time, to appreciate in value so that inflation does not diminish its significance.
Perpetuity. Donors appreciate knowing that their charitable gifts will outlast their lifetimes. If the Friends of the Homer Public Library ceases to exist, the endowment will continue to support charitable purposes similar to those provided by the agency in the Greater Homer Area. Thus, all gifts to the endowment will forever be translated into relevant charitable purposes.
All administrative services are performed by the Homer Foundation without charge.
