Library Endowment Fund

What is the Endowment Fund and Challenge Grant?

The E.D. Locke Public Library Endowment Fund is a long term investment in the future of our library and our community. The interest generated from the endowment fund will help fund programs, events, and/or purchase new technologies for the library and the community. The endowment will augment, not replace, municipal funding.

The E. D. Locke Public Library was awarded a $35,000 endowment fund challenge grant from the Madison Community Foundation to help kick-start the library's major fundraising campaign. This challenge grant will help the library grow its new endowment fund more quickly allowing the earned interest to become a source of funds for new library programs and technologies for the future. The grant is a 2:1 challenge grant, meaning for every $200 raised,the library will receive an additional $100.

On September 29, 2018 the Friends of McFarland Library announced their challenge grant. The Friends grant is also a 2:1 challenge grant. With both grants, now your money will be matched $1 for $1.

Both grants end when the fund raising goal of $40,000 has been reached.  This fundraising campaign will run until June 30, 2019.

 

Why Support the E. D. Locke Public Library?

The E. D. Locke Public Library is an important and wonderful asset to McFarland and the surrounding area.

The library is a community based center for lifelong learning, and provides free computer use and WiFi, educational services, cultural events, and programs and activities for all ages.

The E.D. Locke Public Library has celebrated its 20th Anniversary and is planning for the next 100 years. The library will use these additional funds to ensure it will be able to provide the services and technologies our patrons' want and need in the future.

 

Three Ways to Donate

  1. Checks may be made payable to the E. D. Locke Public Library. Please note "For Endowment Fund" on the check. The donation may be dropped off or mailed to:
    E. D. Locke Public Library
    5920 Milwaukee St.
    Mc Farland, WI 53558
  2. Checks may be made payable to the Madison Community Foundation. Please note "For E. D. Locke Public Library Endowment Fund" in the memo line of the check. Checks can be mailed to:
    Madison Community Foundation
    111 N. Fairchild St., Suite 260
    Madison, WI 53703
  3. Online donations can be made at: www.madisongives.org/mcfarlandlibrary

Donations to the E. D. Locke Public Library Endowment Fund will continue after the 18 month fundraising campaign has been completed. Donations are tax-deductible. Tax receipts will be mailed to you.


"The Madison Community Foundation uses its local knowledge and assets to inspire giving, support meaningful initiatives, and connect people for the common good. Since 1942, foundation staff have helped people realize their philanthropic goals, allowing them to support charitable interests anywhere in the world. The community foundation also awards grants throughout Dane County to build communities. More information is available online at www.madisoncommunityfoundation.org