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Navigating Change: Fondren Library's Future Plans

Learn about Fondren Library's financial status and future plans, including adapting to uncertainties and seizing opportunities. Engage in the conversation with Friends of Fondren.

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Navigating Change: Fondren Library's Future Plans

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  1. Fondren and Friends:present and future Kerry Keck Asst. University Librarian, Collections keckker@rice.edu

  2. A little history … • Friends of Fondren Library Endowment Fund • Activated in 1991 • Market value (6/30/10):$2,693,392 • Annual payout for FY11 - $161,253 • The Endowment Fund for Special Collections • Activated in 2000 • Market value (6/30/10): $1,279,250 • Annual payout for FY11 - $71,776

  3. “General” allocation versus projected costs

  4. How do we plan to adapt? • Have “banked” funds through cautious spending for 2 years • Review & revise how and what we acquire • Hope to continue the conversation with Friends of Fondren

  5. Recommendation for 2011 Return to endowment building • Future uncertainties • Future opportunities

  6. Current issues

  7. The future?

  8. The future ?

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