4. Endowment
While Individual donations and our annual appeal help the library meet its current operating budget, building the Endowment Fund is vital for the Library’s financial future and helps us provide improved services to our community. In addition to donations and the annual appeal, income from the endowment currently covers 9% of our total operating budget. This allows us to expand programs and smooths out our income stream. With your help, we can increase the percentage, and feel secure in the knowledge that important programs will continue long into the future.

Gifts of any size are always welcome, and larger gifts will be recognized within the Library.

 If you wish to donate to the Library’s endowment, please call the Library and ask to be put in touch with the Library Board President or Treasurer. You may also send an email to CHML.Support@HobbsLibrary.org and a board member will contact you. We can accept gifts of cash, checks, securities or other property.

• Cash gifts should have an accompanying note clearly indicating that the gift is for the endowment.

• Gifts made through the website should choose the “Endowment” option from the drop-down menu. Click HERE to make an online Endowment gift now.

• Checks should be made out to “CHML Endowment” and mailed to the Library or delivered in person.

• We can also accept securities, which have an additional capital gains tax advantage to donors. Click HERE for information on GIVING SECURITIES.