Ephrata Public Library

“The organization maintains a collection of books, periodicals, dvd's, cd's, and other materials and media for use by members of the lancaster county library system. These items are held for public exhibition, education, or research in furtherance of public service rather than financial gain, protected and cared for, and are subject to an organization policy that requires proceeds of items that are sold to be used to acquire other items for the collection.”

“The organization maintains a collection of books, periodicals, dvd's, cd's, and other materials and media for use by members of the lancaster county library system. Collections are borrowed by members free of charge for a predetermined amount of time. Fines and penalties are assessed by the organization if a member fails to return borrowed materials on time. The organization expenses costs associated with collections as they are incurred.”

“Permanent endowment donor-restricted endowment fund established to support library operations. Contributions to the endowment fund are subject to donor restrictions that stipulate the original principal of the gift is to be held and invested by the organization indefinately and the income from the fund is to be extended for library operations. In accordance with donor restrictions, contributions to the endowment fund are classified as permanently restricted net assets. Capital fund board-designated fund to set aside funds for capital improvements and/or new facilities. Contributions to this endowment fund are made at the discretion of the board. Principal amounts accumulated in this fund are to be used for the above mentioned purpose only. Book endowment donor-restricted endowment fund established to earn income in order to place books in the collection every year in perpetuity in honor or memory of those whom a 1,000 (or multiple) donation was given to the library. The funds are to remain in perpetuity for the book endowment fund. Contributions to the endowment fund are subject to donor restrictions that stipulate the original principal of the gift is held and invested by the organization indefinately and income from the fund is to be expended for the above mentioned purposes. In accordance with donor restrictions, contributions to the endowment fund are classified as permanently restricted net assets. The historic dollar of those contributions must be maintained inviolate. Income from the fund is classified with unrestricted net assets as the purchase of books for the collection is ongoing. Sprecher endowment donor-restricted endowment fund established to provide funding for the organization's children's department. Contributions to the endowment fund are subject to donor restrictions that stipulate the original principal of the gift is to be held and invested by the organization indefinately and income from the fund is to be used for the purchase of the children's books, emphasizing classics and replacements of the children's favorites. In accordance with donor restrictions, contributions to the endowment fund are classified as permanently restricted net assets. The historic dollar value of those contributions must be maintained inviolate. Income from the fund is classified with unrestricted net assets as the purchase of books for the children's collection is ongoing. Annuity fund donor-restricted endowment fund established for charitable gift annuities received by the organization. Contributions to the endowment fund are subject to donor restrictions that stipulate the original principal of the gift is to be held and invested by the organization until the restrictions are met. The obligation of the fund is to pay predetermined annual amounts to the named annuitants until their death. Any remaining funds then become unrestricted. Income from the fund is unrestricted by the donor(s), however is designated by the board for the payment of annuities after an annuitant's principal is extinguished until the time of their death.”