Trust and Endowment Income, May 2006 (v.9, n.3)

In FY 2005, 228 of the 370 public libraries in Massachusetts reported trust and endowment income totaling $7,717,638 in the operating income section of the State Aid to Public Libraries Financial Report. Trust and endowment income accounted for 3.48% of the $221,834,636 in total operating income reported by the 364 public libraries that provided financial information.

Population Group	Number of Libraries in Population Group	Number of Libraries Reporting Trust and Endowment Income	Trust and Endowment Income Reported for FY2005

			Low	High	Average	Median
1-1,999	69	23(33%)	$66	$46,766	$8,401	$3,800
2,000-4,999	53	32(60%)	$22	$73,975	$13,745	$1,787
5,000-9,999	68	47(69%)	$55	$177,941	$13,462	$3,320
10,000-14,999	57	34(60%)	$100	$147,778	$19,698	$5,004
15,000-24,999	53	39(74%)	$88	$304,151	$22,266	$8,373
25,000-49,999	46	36(78%)	$400	$444,840	$56,036	$22,599
50,000-99,999	19	14(74%)	$1,701	$147,568	$33,403	$15,382
100,000 +	5	3(60%)	$87,346	$2,216,454	$809,611	$125,032

Population Group	Trust and Endowment Income Reported for FY2005

	Low	High	Average	Median
1-1,999	0.28%	96.76%	19.88%	16.43%
2,000-4,999	0.04%	52.44%	12.69%	1.77%
5,000-9,999	0.04%	32.45%	8.63%	1.28%
10,000-14,999	0.03%	19.07%	7.38%	1.29%
15,000-24,999	0.01%	39.96%	6.50%	1.04%
25,000-49,999	0.04%	29.86%	6.24%	1.94%
50,000-99,999	0.09%	11.16%	5.99%	0.84%
100,000 +	1.75%	6.83%	5.96%	3.02%

Over the last ten fical years, trust and endowment income has ranged from a high of 4.29% of statewide total operating in come in FY1996 to a low of 3.31% in FY2001.

FY	Total Operating Income	Trust and Endowment Income
1996	$143,754,521	$6,161,559 (4.92%)
1997	$153,266,760	$5,857,614 (3.82%)
1998	$163,558,980	$6,348,197 (3.88%)
1999	$181,259,408	$7,200,471 (3.97%)
2000	$193,139,066	$6,940,266 (3.59%)
2001	$204,917,563	$6,789,565 (3.31%)
2002	$215,298,350	$7,191,471 (3.34%)
2003	$214,672,538	$7,381,899 (3.44%)
2004	$209,926,847	$7,267,646 (3.46%)
2005	$221,834,636	$7.717,638 (3.48%)