What is an endowment?

An endowment fund is money set aside (invested) to earn revenue to fund charitable activity. The beneficiary of this endowment fund is a nonprofit organization, in this case, The Newberg Public Library.

The principal value of the endowment fund is kept intact, while a portion of the investment earnings are distributed for charitable grants and projects. This means gifts given to the Newberg Library Foundation’s endowment fund are held permanently, allowing donors to support causes they care about in perpetuity. 

Donations to endowment funds are tax deductible.

Institutions and individuals can donate both cash and non-cash assets – such as stock, mutual funds or real estate – to fund the endowment.

To arrange the details for a donation and obtain a tax donation form please contact the Library Director.

Thank you for your support of the Library Foundation of Newberg and the Newberg Public Library.