Tuesday, January 8, 2008

Fundraising Update!

We have achieved our fundraising goal for our 2007 donation solicitation mailing! Whew, I was worried there for a while. In November 2007 we had raised $2000 less than we had by November 2006. I wasn't sure we were going to make it to the necessary $12,000 in local donations.

The money we raise from donations helps us pay for important things like electricity, heat and a clerk to provide evening and Saturday hours. Local donor money also buys books and materials, but no other funds are available for utilities and staff. Donor support is essential to our operations.

Each year as we prepare our budget we anticipate how much we may raise the next time we send out a plea for donations. It's always an "iffy" proposition and in the eight years I've been here we've never been let down. I was sweating a little this year though.

As an aside, we received a substantial donation that was not a part of our donor drive. The board is currently planning how to best use the gift. We have money in the bank and we're not in danger of going bankrupt in the short term. But in the long term we need to build a sustainable source of revenue and that happens to be our local donors. Thank goodness they (you!) continue to support our efforts so generously.

1 comment:

rhet said...

Great news! Our Highland County Library is the best it can be and the people of the area have recognized that with their donations. Thank you Tomi and all those who contributed!