Long Range Plan cont'd:

Goal: Provide ongoing economic stability for the library by

Objective: Establishing a library foundation

Activities 2013

  • Research and, if feasible, hire a consulting firm to guide us through initial steps to establishing foundation
  • Connect consulting firm with library's law firm to establish foundation charter, bylaws, etc.
  • Establish financial base for library foundation
  • Recruit members for initial Foundation Board
  • Begin promotion, publicity, initial fundraising

Activities 2014

  • Foundation Board meets regularly
  • More definitive decisions made by Foundation Board on fundraising and focus for the Foundation

Desired Outcomes for Goal: Economic stability

  • A Foundation is legally established for the Richmond Memorial Library
  • New library Foundation's role is clearly understood and publicized
  • Fundraising activities established, implemented and profitable
  • Library's budget reflects supplemental support from the RML Foundation