Trustee asks board to study long-term policy for library trust funds as foundation endowment grows
Trustee David Norgaard read a statement April 9 requesting the board add a deliberate discussion on trust‑fund strategy and the governance implications of a privately held foundation endowment; the board agreed to add the item to the May agenda and consult the city attorney.
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Trustee David Norgaard read a prepared statement to the Palm Springs Library Board of Trustees on April 9 urging a formal discussion of the library’s trust funds and long‑term policy. He said the trust funds have been spent in part on renovation and that the Foundation’s development of a private endowment represents "a fundamental shift in policy and authority" that the trustees should examine.
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