Lane Memorial Library Trust Funds
First Established: 1933
Donors: Lydia Lane (1933), Ida Lane (1936), Sadie Belle Lane (1966), and Howard G. Lane Charitable Trust (1966)
Purpose: To provide income to the Lane Memorial Library into perpetuity.
2011 Year-end Balance: Principal $7,659. Market Value: $9,978.
Investment Policy: Invest in conservative instruments, such as the NH Public Deposit Investment Pool or moderately conservative mutual funds. Click here to see the Investment Policy for the Library trust funds.
Current Investment: Fidelity Balanced Fund.
Income Distributions: Income provided annually to the Library Trustees.
Principal Distributions: None. Capital gains, if any, are added to principal to offset inflation.
Voucher: Click here to obtain voucher.
Library RSAs: Click here for the RSAs relating to libraries.
Library Web Site: Click here to go to the Lane Memorial Library Web Site