Plumb Memorial Reserve Fund
Est. 2015 as a revocable organization fund.
Libraries in the Valley and across the nation have transformed into community resources and access points to new technology for people of all ages. The Plumb Memorial Library prides itself on providing a variety of services to Shelton and surrounding communities.
As the programming and services for local residents adapt, so do the libraries' strategies, including its approaches to managing its resources.
The Plumb Memorial Library's Board carefully reviewed its investment options and decided to establish a fund at VCF, creating the Plumb Memorial Library Reserve Fund.
"The Library witnessed the success of VCF's long-term investment strategies and wanted to avail itself of the Foundation's professional financial management," said Aleta Miner, Treasurer of the Plumb Memorial Library's Board of Directors. "Having access to a commingled investment management program like this allows a little fish, like our Library, to swim in quite a large pond."
"The Library has been aware of VCF's growth and support for so many of the Valley's nonprofit organizations," said Barbara Glover, Plumb's former Board Chair, "This was a great opportunity to partner with our local philanthropic community foundation."
VCF's funds are invested with its partner in philanthropy, The Community Foundation for Greater New Haven, which has more than $500 million in charitable assets and operates a diversified long term approach to charitable funds' management. The assets are managed with a "total return approach" to generate predictable current distributable revenue to respond to charitable needs, while providing for long term growth by protecting the dollars against the effects of inflation.
To make a tax-deductible contribution to this fund, please complete the secure, online credit card form below: