The Maplewood Memorial Library Foundation, (MMLF) was incorporated on 12/1/2010 and granted 501(c)(3) status on 5/23/2012. Our purposes, as stated in the “Certificate of Incorporation” are:
1.) To fundraise and to provide support for the Maplewood Memorial Library.
2.) To promote and improve the Maplewood Memorial Library.
3.) To promote literacy and library services for the public.
4.) To Engage in other activities within the purposes for which non-profit corporations may be organized under the laws of the State of NJ and pursuant to section 501 (c)(3) of the Internal Revenue Code (“501(c)(3)”).
The Foundation came about because the Board of Trustees of the Library and many in our community recognized the need to establish a protective buffer for the library’s invaluable services. Increasing demands on municipal budgets, coupled with the library’s expanding technological needs have necessitated fundraising for projects outside of the library’s annual budget. MMLF has built a fundraising organization to address this need.
The Foundation was also established to provide greater investment latitude for the accumulation of donations. Before the inception of MMLF, donations to the Library were hamstrung by rules governing the investment and disbursement of municipal funds. With the creation of the Foundation, donations may be invested more productively, unburdened by the extremely conservative state restrictions on handling public monies.
In every year since 2012, the Foundation has made annual contributions to the Library supporting special events, technology improvements, software and programming. We have also accumulated funds, building toward our current primary objective: a major library renovation.
Ultimately, even after completing the capital campaign and renovation, MMLF will continue its mission of fundraising and investing for the library’s future. It will always be our purpose to provide some measure of financial security and flexibility for the Library, so that its director, board and staff may focus on the library’s vital role as Maplewood’s literary hub, information/enrichment center and invaluable community cornerstone.