Fayetteville Public Library Foundation

“Organization does not have any committees that can act on behalf of the governing body.”

“Review of form 990 is performed by the director of administrative services before the tax return is filed with the irs. In the event that position of the director of adminstrative services is open, the tax return is reviewed by the foundation board and the executive director of fayetteville public library.”

“Upon or before election, hiring or appointing, board members are required to make a full, written disclosure of interests, relationships, and holdings that could potentially result in a conflict of interest. These written disclosures are kept on file and updated as appropriate. In the course of meetings or activities, if board members disclose any interests in a transaction or decision where they, their family, employer, or close associates will receive a benefit or gain, they are asked to leave the room for the discussion and will not be permitted to vote on the decision.”

“The foundation is currently in the process of creating a written document retention and destruction policy.”

“Officers of the foundation are not compensated by the foundation.”

“Governing documents, conflict of interest policy, and financial statements are not made available to the public.”

“The fayetteville public library foundation spearheads major fund-raising campaigns to bridge the gap caused by shrinking municipal budgets and the growing needs of the fayetteville public library. Working in cooperation with other library-serving organizations, we ensure that the fayetteville public library has sufficient financial resources to create a vibrant, modern library system that serves the diverse needs of everyone in our city. The fayetteville public library foundation's purpose is to accept donations from the community to fund the continued development and enhancement of quality library services provided by the fayetteville public library. The goal of the foundation is to raise funds to supplement the city of fayetteville budget and to provide for additional materials and equipment for the library. The fayetteville public library foundation is a private, nonprofit corporation committed to providing supplementary support to the fayetteville public library. The foundation, while reinforcing the need for continued and increased public support for the library, serves as a catalyst for attracting private funding from individuals, businesses, organizations and foundations to enhance library services for our community. The fayetteville public library foundation is dedicated to ensuring a quality library system. Through fund raising activities, the foundation will invest in an endowment for the long-term excellence of the library. It encourages community involvement with the library program support to meet the expectations of present and future citizens of fayetteville public library. The fayetteville public library foundation enhances the fayetteville public library as a community resource by raising funds for an endowment. Our goal is to enrich, not replace, traditional tax-based support for the library through gifts, grants and bequests from individuals and organizations.”

“Unrealized losses on investments ($ 416,900).”