The Lewes Public Library will celebrate the one-year anniversary of its Underwriters Endowment Fund with a community event from 10 a.m. to 1 p.m., Tuesday, July 5, at the library, 111 Adams Ave. in Lewes.
Patrons are invited to enjoy complimentary refreshments and meet library board members to learn about the new, limited-time incentive program designed to add an additional $20,000 to the library’s endowment.
Last year, the library embarked on a major effort to build its permanent endowment – the Underwriters Endowment Fund. This independent fund uses investment income to provide ongoing support for library operations. As an independent library, Lewes Public Library receives only half of its operating costs from public sources. A secure and long-term source of income is therefore particularly important.
The library team is pleased to announce that already 42 households, including 100% of the library board, have contributed to the Insurers’ Endowment Fund. The program now totals over $356,000 in donations and pledges.
To keep the momentum going, Lewes residents Gavin and Lou Braithwaite, generous volunteers and supporters of the library, have personally issued an incentive opportunity: For each of the next 20 new contributors or pledges to the Lewes Public Library insurers received by the end of 2022, the Braithwaites will donate an additional $1,000 directly to the fund. This offers the possibility of adding an additional $20,000 to the fund.
Contributions to the endowment fund will support the library in perpetuity and start at $2,500. Donors will be memorialized in a display in the library lobby, and those who contribute $25,000 or more — or give any amount through a bequest — will be named in the library’s Legacy Society. Donations can also be anonymous or made in memory or in honor of a loved one. To learn more or donate, contact Library Development Director Rebecca Lowe at [email protected] or 302-645-2733.
Lewes Public Library is the busiest library in Sussex County, welcoming nearly 200,000 visitors and offering hundreds of free classes, workshops and activities each year. It encourages the love of reading, exploration and discovery and provides access to educational, informational and recreational materials to all members of the community through traditional resources and emerging technologies. For more information, visit lewes.lib.de.us.