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%)
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