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Princeton NJ ANNOUNCEMENTS
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Save Our Library! The Mary Jacobs Library Needs Your Help
The Mary Jacobs Library, serving Montgomery and Rocky Hill residents, has seen a significant reduction in funding this year. Unlike the other government-owned Somerset County libraries, the building and grounds of our local Montgomery-Rocky Hill library are owned and maintained by the Mary Jacobs Memorial Library Foundation (MJMLF), a private non-profit foundation, resulting in savings to taxpayers. Operating expenses include utilities: (gas, electric, water, telephone), maintenance, insurance, and landscaping.
The MJMLF endowment was reduced when the building was doubled in size in 2005 to better accommodate its customers, 92% of whom are Montgomery residents. Due to the cost of the expansion and the current economic climate's impact on investments, Foundation funds have been reduced by two-thirds.
Endowments are meant to grow to provide for the future. Without outside funding, the Trustees will be forced to deplete the Foundation's endowment to fund operating expenses -until the money runs out. The future of your library is in jeopardy.
The Library's 2010 building and grounds operating budget is $187,500. Montgomery Township has typically provided $85,000 and Rocky Hill $10,000 per year toward this budget. This year, Montgomery Township has been forced to cut their contribution to $42,500. The Trustees of the library are grateful for these and all contributions, but the Foundation is still responsible for the $135,000 balance.
The MJMLF has decided for the first time since its inception in 1974 to reach out to the residents of Montgomery and Rocky Hill to ask for their help in keeping the Library's doors open and its lights on.
As the first step in its new annual fund-raising campaign, the MJMLF's has established a website, SaveMaryJacobsLibrary.com, which will allow residents to make online tax-deductible donations through PayPal.
To donate or to join the MJMLF mailing list for info on upcoming events, go to: https://savemaryjacobslibrary.com/archives/29 .
Those residents preferring to send checks should send them to the Mary Jacobs Memorial Library Foundation, 64 Washington Street, Rocky Hill, NJ 08553. If you have questions, please call Cindy Mangel at (609) 924-7073, ext. 103. Thank you!
