Ruth Ann Montgomery Book Fund
When Ruth Ann Montgomery left EFPL to become head of the Arrowhead Library System, the Friends of the Library started a fund in her name to honor her long service to our library. The money was placed into a section of the Evansville Fund, which in turn is part of the Community Foundation of Southern Wisconsin. Once money is invested with CFSW, it cannot be withdrawn. However, once the principal sum has reached $10,000, a portion of the income from the fund is be returned annually from CFSW to our library. This is an indefinite investment that will pay an income forever.CFSW had been growing steadily until the recent economic downturn, when its investments lost ground. But two recent generous gifts from Friends of the Library have brought our Ruth Ann Montgomery Fund over the $10K mark, and CFSW will begin granting the library an annual stipend starting next summer.
A committee consisting of the Library Director, the Treasurer of the Friends, and Ruth Ann herself can either spend the stipend or retain a portion of it to further increase the principal in the RAM fund. The Friends' Board welcomes suggestions from the entire Friends' membership on how our stipend may be used, but the final decision rests with the committee.
Further donations to the Ruth Ann Montgomery Fund are welcome at any time. Contact the Library Director for further details.