Library Foundation plans restructuring in Buffalo

Anonymous Patron writes Business First of Buffalo: The board of directors of the Library Foundation of Buffalo & Erie County Inc. has agreed to transfer a majority of its assets to the Community Foundation for Greater Buffalo with the goal of building its endowment and creating a greater funding pool for the libraries.

Under the agreement, the Community Foundation will manage the library foundation’s assets, creating an endowment and a pool of flexible funds. The central library, as well as the contract libraries and branches, will be eligible to apply for grants for their individual needs.”