About the Whitefish Bay Public Library Foundation
Established in 2021, the Whitefish Bay Public Library Foundation (Foundation) mobilizes private support for the Library.
The Foundation established an investment fund, at Greater Milwaukee Foundation (GMF), for the purpose of enhancing the Library’s offerings beyond what can be provided through taxes or other usual revenue sources. As a brand new Foundation, we are currently planning for future fundraising activities to grow the fund. In future years, the Foundation will disburse a portion of the fund’s earned interest for such purposes as the purchase of supplemental materials to enhance or expand: the library collection; special programs, performances or lectures; technology; and services.
Whitefish Bay Public Library Foundation Board of Directors
Voting Members
Non-Voting Members
If you are interested in serving as a board member or assisting the Foundation in its efforts, please contact Nyama Y. Reed, Library Director.
Tax Benefits of Contributions to the Foundation
The Whitefish Bay Public Library Foundation, Inc. was organized as a nonprofit, non-stock corporation created under Wisconsin Law in 2021. The Foundation has been granted tax-exempt status under Internal Revenue Code sec. 501(c)(3). Your gift is deductible to the fullest extent of the law, as you have received no benefit of goods or services. Check with your accountant for complete information on the deductibility of your gift.
Endowment Fund Management
The Greater Milwaukee Foundation (GMF), a nonprofit, tax-exempt organization, invests funds on behalf of the Whitefish Bay Public Library Foundation, Inc. For over 100 years, GMF has managed funds, raised for charitable purposes in the greater Milwaukee area. They are known for their reputation as a trusted organization with a long-term approach to investment, that has helped them successfully navigate the Great Depression, two World Wars, and several recessions. To learn more about the Greater Milwaukee Foundation, visit its website.
Whitefish Bay Public Library Foundation and Friends of the Whitefish Bay Public Library
The Whitefish Bay Public Library is lucky to be supported by two 501(c)(3) organizations that raise funds for the library. Their generosity enables the library to offer services beyond what is supported by the operating budget.
Foundation funds are raised via donation and will he invested on a long-term basis through the Greater Milwaukee Foundation. The goal is to maintain the endowment’s principal and annually utilize portion of the fund’s earned interest to support the Library.
Friends for the Whitefish Bay Public Library (Friends) raise funds primarily through book sales and membership dues, enabling them to support the library annually. Funds from Friends are used for programming and special projects, with yearly levels determined by the prior year’s revenue.
The Whitefish Bay Public Library is grateful to Friends and to the Foundation for their support. We are able to make a difference in people’s lives every day thanks to their support, coupled with the support of our local taxpayers.
Please join us in making a difference.
Whitefish Bay Public Library Foundation, Inc.
Federal Tax ID #86-3514799
Questions
Please contact Nyama Reed, Library Director at 414-755-6551 or n.reed@wfblibrary.org