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Danvers library trustees accept $10,000 bequest, agree to review trust‑fund policy and approve study pod purchase
Summary
The Peabody Institute Library trustees accepted a $10,000 unrestricted bequest from the estate of Warren Anderson, agreed to form a subcommittee to draft a trust‑fund mission and disbursement policy, and voted to use recent bequest funds to buy a discounted ‘Nook’ study pod for the children’s area.
The Peabody Institute Library Board of Trustees voted Nov. 12 to accept an unrestricted $10,000 bequest from the estate of Warren Anderson and to pursue policy changes for the library trust fund.
Trustee S7 moved that the board accept the Warren Anderson bequest “to be used as specified in his will and testament,” a motion seconded and approved by the board. Director S1 said the library had returned paperwork to the estate’s lawyers and expects a check to arrive in due course.
Trustees raised broader questions about how trust funds are governed. Trustee S5 said the…
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