Cohasset Library Trust

About the Trust

The endowment of Cohasset's Paul Pratt Memorial Library has a long and prominent history as a vehicle of support for the library. While its first donation was received in 1906, the Trust was incorporated in 2006 as a 501c3 organization and has received over 50 individual donations since then. The trust stands over 1.7 million and has contributed over $800,000 to the library's material budget, ensuring that the library remains a rich source of information and knowledge for the community. 

Mission Statement

The Trust seeks to preserve capital, grow income within prudent investment parameters, and grow the endowment through community development efforts. 

Management of the Trust

The Director's of the Trust are charged with preserving and increasing the amount of expendable funds available to the library by increasing the size of the endowment. This is achieved by soliciting new donations to the Trust and by prudently managing the existing endowment.

The Director's of the Trust are advised by a committee of professionals in the field of asset management. The Investment Advisory Committee meets at least quarterly to review the endowment portfolio and make strategic investment recommendations. 

This effort compliments the efforts of the Friends of the Cohasset Library. Their fundraising provides the library with important benefits such as museum passes, children's programming, and the Summer Reading Program.

How the Trust Supports the Library

Recent gifts from the Trust to the Library have exceeded $75,000 annually and have totaled over $800,000 over the past 15 years. Your gift to the CLT enables the endowment to continue its tremendous support of the Cohasset Library.

Cohasset Library Trust, Inc.

Directors of the Cohasset Library Trust

The Board of the Directors are appointed by the Library's elected Trustees

  • Barbara Wipf, President
  • Carolyn Coffey, Clerk
  • Linda Cole, Treasurer
  • Catherine O'Callaghan, Nominating Chair
  • Jen Ognibene, Development Chair
  • Catherine Harvey, Trustee Representative 
  • Tom Littauer
  • Brett Regan
  • Joy Schiffmann
  • Jon Stavis
  • Mark Tommey

How to Support the Trust

The Cohasset Library Trust welcomes donations of any size.   Please use the button below to contribute via PayPal or mail a check to the Library:

The Cohasset Library Trust

35 Ripley Road

Cohasset, MA  02025

 

The Trust is a 501 (c)3 corporation, eligible for matching funds from many corporations. All donations are tax deductible to the extent allowed by law.

Donor Recognition Wall

 Donors of $5,000 or more will be honored by including their names, or someone selected by them on a wall display entitled Endowment Gifts to the Cohasset Library Trust. This permanent listing had a prime location in the main entrance hall of the library.