CHICAGO – Siobhan A. Reardon, president and director of the Free Library of Philadelphia, has been elected to serve as the American Library Association’s (ALA) newest Endowment Trustee. The ALA Executive Board made this selection during the Midwinter Meeting held in Seattle on Jan. 29th, 2013.
Reardon’s three-year term officially begins at the conclusion of the 2013 ALA Annual Conference on July 2, 2013 in Chicago. This term will end at the conclusion of the 2016 ALA Annual Conference in Orlando, Fla. In keeping with a previously established practice for newly elected Trustees, she will begin in an unofficial non-voting capacity immediately.
Reardon has been actively involved in library service for close to 25 years. She has also been a business professional in all aspects of business management – planning, budgeting, marketing, strategic planning, government relations, technology implementation and investing – for 35 years. She is currently the president and director of the Free Library of Philadelphia and holds an M.L.I.S in Information Science from the Palmer School of Library Science, a Master of Arts degree in International Political Economy & Development from Fordham University and a Bachelor of Arts degree in Political Science from SUNY College at Purchase.
The ALA Endowment Trustees have the authority to hold, invest, reinvest and disburse endowment funds available for investment as directed by the ALA Executive Board. The Trustees must also be members of the ALA and have a working knowledge of investment opportunities available to endowment funds and of benchmarks used to judge fund performance. Trustees must also have experience in the management or oversight of investment funds in a business setting. There are currently five Trustees, which includes the ALA Treasurer. At least one Trustee appointment is made each year by the ALA Executive Board for a staggered three-year term.