HomeMy WebLinkAboutItem 11e - $2,000 Donation to Library for Jackie Faust-Moreno Trust Fund
DATE: June 4, 2019
TO: Honorable Mayor and City Council
FROM: Darlene Bradley, Director Library & Museum Services
SUBJECT: DONATION IN THE AMOUNT OF $2,000 TO THE ARCADIA PUBLIC
LIBRARY FOR THE JACKIE FAUST-MORENO TRUST FUND
Recommendation: Accept
SUMMARY
In June 2012, the family of Jackie Faust-Moreno, former Director of Library and
Museum Services, asked the Arcadia Public Library to set up a trust fund in her
memory, with the funds being used to help purchase additional middle school materials.
The family is proposing a $2,000 donation to the Trust Fund at this time. It is
recommended that the City Council accept the donation.
DISCUSSION
The Library has historically received small monetary gifts from the community to honor
or remember a person with the purchase of a book. In most cases, these monetary gifts
have gone into the Library Gifts and Grants account, a bookplate has been created and
placed in the designated item and a notation made in the Library catalog. There have
been a very few instances when a larger amount of money has been given for a specific
purpose and a specific trust fund has been set up. This allows additional money to be
donated over time to that specific trust fund for a specific purpose , as in this case.
The family chose to directly set up the Jackie Faust-Moreno Trust Fund through the
Library because of the Library’s special memorial/honorarium gift donation program.
This allows the money to be directly spent, as the family wishes, on middle school
materials, with a special memorial bookplate placed in each purchased item.
By accepting and approving of this $2,000 donation, it can be placed in the Jackie
Faust-Moreno Trust Fund to purchase middle school materials. This donation helps the
Arcadia Public Library and the City of Arcadia provide a higher number of middle school
items for the citizens of Arcadia beyond the current capacity of the City’s General Fund.
Donation in the amount of $2,000 for
the Jackie Faust-Moreno Trust Fund
June 4, 2019
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All gifts over $1,000 are subject to approval by the City Council pursuant to City Charter
Section 809(d).
ENVIRONMENTAL ANALYSIS
The proposed action does not constitute a project under the California Environmental
Quality Act (“CEQA”), and it can be seen with certainty that it will have no impact on the
environment. Thus, this matter is exempt under CEQA.
FISCAL IMPACT
The acceptance and approval of the $2,000 donation would be a positive fiscal impact
for the Library. It will provide additional revenue to specifically purchase middle school
materials for the Library collection.
RECOMMENDATION
It is recommended the City Council accept a donation in the amount of $2,000 to the
Arcadia Public Library for the Jackie Faust-Moreno Trust Fund.