Lane Memorial Library Trust Funds
First Established: 1933
Donors: Lydia Lane (1933), Ida Lane (1936), Sadie Belle Lane (1966), and Howard G. Lane Charitable Trust (1966)
Purpose: To provide income to the Lane Memorial Library into perpetuity.
To view prior year-end Balance see the Reports page for the MS-9 Report.
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