Abbot Public Library Foundation Inc.

The Abbot Public Library Foundation Inc. is a nonprofit organization dedicated to supporting the Abbot Public Library in Marblehead, Massachusetts. The foundation's primary goal is to raise funds to enhance the library's capabilities, ensuring it remains a vibrant and modern community resource.

Purpose

The Abbot Public Library Foundation aims to empower the library by providing financial support for projects and initiatives that go beyond its regular budget. This includes contributing to major renovations and upgrades, such as those undertaken in recent years to improve technology, accessibility, and community spaces within the library[1][3].

Activities

In 2022, the foundation played a crucial role in supporting significant renovations at the Abbot Public Library. These renovations were made possible after the Town of Marblehead passed an $8.5 million budget override, supplemented by additional funding from the foundation[3]. The foundation continues to work on raising funds for library improvements, ensuring the library can serve the community effectively.

Structure and Governance

Operated as a private fundraising arm, the Abbot Public Library Foundation is a 501(c)(3) organization, making all donations tax-deductible[2]. This status allows donors to contribute to the foundation's efforts while receiving tax benefits.

Impact

Through its fundraising efforts, the Abbot Public Library Foundation helps ensure the library remains a central hub for community activities, educational resources, and cultural events. By supporting library initiatives, the foundation contributes to the overall enrichment of Marblehead's community life.

Financials

According to recent IRS filings, the foundation awarded grants in 2022 and is actively involved in raising funds for library projects. However, it reported no grants in 2023[4].

The Abbot Public Library Foundation plays a vital role in enhancing the library's services and facilities, ensuring it continues to meet the evolving needs of the Marblehead community.

[1] https://en.wikipedia.org/wiki/Abbot_Public_Library [2] https://abbotlibrary.org/about/general-info/ [3] https://abbotlibrary.org/about/history-of-abbot/ [4] https://www.instrumentl.com/990-report/abbot-public-library-fund-inc [5] https://abbotlibraryfoundation.org/home-1