Lane Memorial Library Trust Funds
First Established: 1933
Purpose: To provide income to the Lane Memorial Library into perpetuity.
2016 Year-end Balances: Principal $11,023. Income
$80. (All four trust funds).
Market Value: $11,974.
Investment Policy: Invest in moderately conservative mutual funds.
Current Investment: Common Trust Fund (Income) Portfolio.
Income Distributions: Income provided annually to the Library Trustees.
Principal Distributions: None. Capital gains are added to principal to offset inflation.
Library RSAs: Click here for the RSAs relating to libraries.
Library Web Site: Click here to go to the Lane Memorial Library Web Site