Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Library Bequest topic
No spam. Unsubscribe anytime.
Town accepts $10,000 bequest for Rathbun Free Memorial Library
Summary
The town voted to accept a $10,000 bequest designated exclusively for the Rathbun Free Memorial Library; speakers noted the town’s history of endowments and discussed administration of donated funds.
The legislative body voted to accept a $10,000 bequest from the estate of Ruth M. Ruberg to be used exclusively for the Rathbun Free Memorial Library.
Speakers praised the late donor and noted East Haddam’s history of local endowments supporting schools and library services. A board member asked whether such gifts are administered directly by the library board or routed through the town; speakers responded that the intent is for the funds to be dedicated to the Rathbun and that library leadership and its board would administer the gift, though gifts previously were routed through town accounts in some cases. One speaker suggested creating a trust to guarantee donor intent for future gifts.
The motion to accept the bequest carried by voice vote. The transcript contains a later alternate spelling of the donor’s name; the minutes should confirm the estate spelling and recording in the town’s financial records.
