The NEKLS Foundation and Your Library
The newly established Northeast Kansas Library Foundation can be an asset for your library if you do not have a local foundation or Friends of Libraries with IRS 501-c-3 tax exempt status. What can the foundation do for you – and what can it not do?
The Northeast Kansas Library Foundation CAN:
- Accept gifts and grants of money or property on behalf of the library and manage those funds in a fund restricted to expenditure as directed by the library. Receipt of property is subject to written agreement between teh library and the foundation.
- Serve as the applicant of name for a grant application limited to 501-c-3 organization subject to the requirements of the granting/donor organization.
There may be a modest administrative fee depending upon the time required to administer funds.
The Northeast Kansas Library Foundation CAN NOT:
- Actually write grant applications. The local library would need to do that although the Foundation would sign as the applying organization.