At the 2007 Annual Conference YALSA Past Presidents Jennifer Gallant and Pam Spencer Holley announced their plans to donate funds to establish a leadership endowment for YALSA. The Board of Directors supported this effort. In August, a letter from Gallant and Holley went out to all of YALSA’s Past Presidents encouraging them to donate to this new fund and more than $11,000 was raised. In February 2008 YALSA’s Board of Directors voted to move $25,000 from the operating budget into this fund in FY09.
Goals: The primary purpose of the YALSA Leadership Endowment of is to generate income to support the development of future leaders both within the association and throughout the profession in order to ensure the future growth of YALSA and the field of young adult librarianship.
Use of Funds: YALSA’s leadership recognizes that the importance of establishing an endowment to generate permanent interest/dividend income which can be used to support specific leadership development initiatives such as scholarships, fellowships and awards, mentoring programs, leadership institutes, travel and workshop grants, etc. The principal of the endowment is not available for current operations, and the interest/dividends as a portion of the net earnings would support identified programs, in accordance with ALA Long Term Investment Policy 8.5. The endowment would include only monies donated without restrictions. All funds in the YALSA Leadership Endowment, regardless of their sources, are considered to be the funds of YALSA.
The first approved use of funds is for the Dorothy Broderick Conference Scholarship, approved by the YALSA Board of Directors in January 2012. The first award was issued in January 2013.
Your Support: A gift to the Leadership Endowment will enable future generations of librarians to provide excellence in library services to teens. Your gift is tax deductible. ALA/YALSA is a 501(c)3 charitable organization and tax payers may deduct contributions representing up to 50% of the donor's adjusted gross income if the individual itemizes on her/his tax returns. Contributions are deductible for the year in which they are actually paid or delivered. ALA/YALSA respects your privacy and will honor your wishes. If you wish to remain anonymous, please indicate that when you send in your gift. Donate online by credit card or send your gift to YALSA, 50 E. Huron St., Chicago, IL 60611.
Donor Recognition: Donors will receive a letter from ALA/YALSA recognizing your generous donation for your tax records, a special listing in YALSA E-news, YALSA's monthly e-newsletter, a special listing on the YALSA website, a Leadership Endowment conference badge ribbon, reserved seating at the YALSA Membership Meeting, Edwards Luncheon and Printz Reception at ALA’s Annual Conference and acknowledgment at the annual Membership Meeting. Individuals who contribute to the Leadership Endowment via planned giving, will also become members of ALA’s Legacy Society.
Make your tax-deductible donation in either of the following ways:
- Donate by credit card at the ALA Development Office's secure website. (Choose "Divisions," then "YALSA").
- Send a contribution by mail, using the printable mail-in form (PDF). Complete the form and mail it back with your donation to: Friends of YALSA, 50 East Huron, Chicago, IL 60611.
For further information, please contact YALSA’s Executive Director at 1.800.545.2433 x4391 or email@example.com.