Library Foundations: How to Start One for Your Library
Thursday, May 26, 2011
Start Time: Pacific - 12 PM, Mountain - 1 PM, Central - 2 PM, Eastern - 3 PM
- Thinking of starting a library foundation?
- Know the different foundation models and the one best for your community?
- Understand the legal liability of board members and how to protect them?
- Wondering about the legal limits of their lobbying and advocacy efforts?
This one-hour webinar will review different structures you may choose from, all eligible for tax-exempt status. Already have a foundation organized as a 501(c)(3)? Learn about operating requirements, limiting legal liability for board members, and the surprising amount of latitude the foundation has in lobbying and advocacy efforts.
After the webinar, attendees will understand:
- which model of foundation works best for your community
- how to get tax-exempt status
- a Foundations’ legal relationship to allied organizations and groups, such as Friends, Libraries, Cities and Counties
- the legal limits on lobbying and advocacy (lighter than you might think!)
- the legal liability of board members and how to protect them
This webinar will be of interest to library managers and library support group members interested in establishing a foundation, and also to libraries that currently have foundations and would like to learn more about their legal rights and responsibilities.
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- Speaker's slides