<div dir="ltr"><div class="gmail_default" style="font-family:trebuchet ms,sans-serif;font-size:large;color:#000000"><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Hello Directors,</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">We met with the Community Foundation of Southeastern Michigan and discussed establishing an endowment as, I understand, several of you have. Would you mind sharing your experience off-list? Thanks for taking the time to respond. Here are some of the questions we have:</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">What are the advantages to establishing an endowment with a foundation?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Was your foundation endowment initially library-funded or donor-funded?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">What was your initial investment?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Does your library add to the established endowment or only donors add to the endowment?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Do you take in-house fundraising campaign proceeds (gift money) and add to your foundation endowment?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Basically, do you use library funds to fund the endowment?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Did your library experience an increase in giving since the endowment? Is it static or did it generate more gifts?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">If you have had an endowment pre-2011, what is your experience before 2011 and since 2011? Over the last 5 years?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"> </p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Do you promote the endowment as an option in your Annual Appeal campaign? If so, has it generated donations?  </span><span style="font-size:12pt;font-family:Corbel,sans-serif;color:rgb(34,34,34);background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial">Do you have data that supports an increase in their giving as a result of offering an endowment option</span>?<span style="font-size:12pt;font-family:Corbel,sans-serif"></span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"> </p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Finally, what is the "goal" of your endowment?</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"> </span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:Corbel,sans-serif">Thanks in advance</span><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif">.</span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt;line-height:normal;background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:12pt;font-family:"Trebuchet MS",sans-serif"><br></span></p></div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><font color="#000000" face="Times New Roman" size="3">

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</font></p><p style="font-size:12.8px;margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-size:10pt;font-family:Corbel,sans-serif;color:rgb(7,55,99)"><b>Donna Olson, Director</b></span></p><p style="font-size:12.8px;margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-size:10pt;font-family:Corbel,sans-serif;color:rgb(7,55,99)"><b>Salem-South Lyon District Library</b> </span></p><p style="font-size:12.8px;margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-size:10pt;font-family:Corbel,sans-serif;color:rgb(7,55,99)">9800 Pontiac Trail, South Lyon, MI 48178  </span></p><p style="font-size:12.8px;margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="color:rgb(7,55,99);font-family:Corbel,sans-serif;font-size:10pt">Phone: (248) 437-6431 ext. 206 | Fax: (248) 437-6593</span></p><p style="font-size:12.8px;margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><a href="http://www.ssldl.info" style="font-family:Corbel,sans-serif;font-size:10pt" target="_blank">http://www.ssldl.info</a><span style="color:rgb(7,55,99);font-family:Corbel,sans-serif;font-size:10pt"> | </span><a href="https://www.facebook.com/SSLDL" style="font-family:Corbel,sans-serif;font-size:10pt" target="_blank">https://www.facebook.com/SSLDL</a></p><p style="margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-size:10pt;font-family:Corbel,sans-serif;color:rgb(7,55,99)"><a href="https://www.instagram.com/ssldl" target="_blank">https://www.instagram.com/ssldl</a> | <a href="https://twitter.com/ssldl" target="_blank">https://twitter.com/ssldl</a> </span></p><p style="margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><font color="#073763" face="Corbel, sans-serif"><span style="font-size:13.3333px"><a href="https://www.linkedin.com/in/olsondonna/" target="_blank">https://www.linkedin.com/in/olsondonna/</a> </span></font></p><p style="font-size:12.8px;margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><a href="https://www.libraryjournal.com/?detailStory=ljx181101Stars2018Main" target="_blank"><img src="https://docs.google.com/uc?export=download&id=1be21OPctX6SOWWu87JwkDYgT9iMf9pIn&revid=0B242_N70qWgIQVdYR1J5Yy9RV0JIdlZteW1RUGFFOFUvSkswPQ" alt="America's STAR Libraries 2018"></a></p><p style="font-size:12.8px;margin:0in 0in 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><img src="http://ssldl.info/images/itp.jpg" width="200" height="36" style="font-family:Corbel,sans-serif;font-size:7pt"><br></p><span style="color:rgb(34,34,34);font-family:Corbel,sans-serif;font-size:7pt"><p style="background:white;margin:0in 0in 0pt;line-height:normal"><br></p></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>