Endowment Committee

Community support for library services in Southern Pines spans more than 100 years. From the King's Daughters library founded in 1899, to the Southern Pines Library Association in 1922, and finally the Southern Pines Public Library in 1958, the community has recognized that the public library nurtures a love of reading and a quest for knowledge and life-long learning that is so vital to all its citizens.

While basic funding comes from local tax dollars, support from Friends of Southern Pines Public Library enables the library to provide additional programs and resources that enhance the quality of service to the community, such as multiple copies of high demand books, summer reading programs, and adult discussion programs. In hopes of providing financial support in perpetuity for the work of the Friends, endowment funds have been established by its Board of Directors.

The Board is responsible for ensuring that all endowment funds are invested prudently and that the income from these investments is used in compliance with the charitable endeavors of the Friends of Southern Pines Public Library.

Endowment Fund

• Established with unrestricted gifts for endowment from members of the community
• the principle of this fund is not expendable
• the earned income from the fund is available to the Friends to support the needs of the library

Quasi-Endowment Fund

• established by the Board of Directors with designations from the surpluses in the operating budget
• the principal of this fund may be totally expended at the discretion of the Board of Directors
• like the Endowment Fund, the general purpose of the fund is to provide income to support expanded library services

These funds are open to receive contributions in any amount. Contributions are welcome from corporations, organizations, and individuals. Gifts may be given in memory or honor of a person or group. Gifts and bequests may be made in the form of cash, securities, other assets, life insurance, or trusts. Your attorney can assist you to include the Friends in your estate planning.

Board of Directors

• President--Stuart Fulghum
• Vice President--Michael Henry 
• Secretary--Joyce White
• Treasurer--Joyce Batson
• Membership- Lisa Taylor
• Endowment--Susan Harmody
• Gifts & Memorials--Janee Cates
• Book Sale--David Clement
• Special Events--Janice Reagan
• Newsletter--Mary Lynn Goulden
• RIF--Francy Thompson
• Hospitality--Carolyn Ragone
• Member-At-Large--Denis McCullough
• Library Director--Lynn Thompson
• Past President--Sue M. Boals