John Vitali reappointed as ALA Endowment Trustee

Contact: Keith Brown

(312) 280-4255


For Immediate Release

February 17, 2010

CHICAGO - John E. Vitali has been reappointed to a second term as an ALA Endowment Trustee by the ALA Executive Board at the recent Midwinter Meeting in Boston. Initially selected in 2007, Mr. Vitali begins a new three-year term at the conclusion of the 2010 ALA Annual Conference in Washington, D.C. in June. This second term and final term will end at the conclusion of the 2013 ALA Annual Conference in Chicago.

Mr. Vitali has been actively involved with not-for-profit business administration for close to 34 years. He is currently the Deputy Director for Business Administration/ Chief Financial Officer of the Brooklyn Public library (BPL) where he is directly involved in all aspects of the management of the BPL’s investment activities. Before this position he served as the Director of Finance. Mr. Vitali holds a Masters in Education from Rutgers University and a Bachelors of Arts in History from Saint Peter’s College.

During his first term he played an integral role in the strengthening of the ALA’s Long-Term Investment (Endowment) Fund policy. This work helped to improve the portfolio’s investment diversity i.e. asset choices, its manager selection criteria, transparency and general oversight. He currently serves as a member of the ALA Scholarship Task Force.

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. Trustees must be ALA members 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 three Trustees, one per year, appointed by the Executive Board for a staggered three-year term, in addition to the ALA Treasurer in an ex-officio capacity.