WellesleyWeston Magazine


Launched in 2005, WellesleyWeston Magazine is a quarterly publication tailored to Wellesley and Weston residents and edited to enrich the experience of living in two of Massachusetts' most desirable communities.

Issue link: http://wellesleywestonmagazine.epubxp.com/i/460705

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Page 103 of 223

There have now been 30 annual distributions from the Centennial Fund to the library, most recently for $104,000, along with two special one-time gifts, for a total of $1.5 million. This is all from income only; the endowment principal, which will never be touched, is currently $4 million. In addition to its annual disbursements, in 2012 the Fund Trustees chose to underwrite a unique contribution to the town — the digitization of the Wellesley Townsman. Now readers at their home computers can search and find articles dating back to its first issue, April 6, 1906. In the fall of 2014, commemorating the 30th anniversary of the Fund's first gift to the library, the Fund and the Wellesley Library Foundation held a celebration, announcing a new combined future. The Centennial Fund endowment has been merged into, and is now under the umbrella of, the Wellesley Free Library Foundation, another private-public partnership. This merger will allow the centralization of all library fundraising, while ensuring that the Centennial Fund's money and mission remain protected and unique. Donations to the Centennial Fund and/or any of its named Funds will continue as before, and the Fund's principal and income will continue in perpetuity to solely "enrich and enhance" the library's materials collection. In the audience that evening was Brooks Fenno, "proud and amazed" to see the results of the idea he formed that long-ago after- noon: a $4 million endowment and $1.5 million in disbursements, all due to a single missing book. "The seed of the Centennial Fund has given birth to a tree of knowledge, whose abundant fruit is available to all, and which contin- ues to enrich the lives of those who partake," he said. Next time you're in the library, wandering through stacks and using computers and reference materials, one-quarter of which are pur- chased by Centennial Fund donations, if you pass through the nonfic- tion area, look for 658.8. There you will finally find a copy of Fenno's Helping Your Business Grow, the book that started it all. 102 W e l l e s l e y W e s t o n M a g a z i n e | s p r i n g 2 0 1 5 Wellesley and Its Library left: left: At the library's recent party for the Centennial Fund's 30th anniver- sary (celebrating $1.5 million in gifts to the library and an ongoing $4 million endowment), Fund founder Brooks Fenno and one of the original organizers, Betsy Powell, reminisced with a copy of Fenno's book that started it all. middle: Centennial Fund Founding Trustee and longtime Chair John Wilkins (left) is honored by the John Wilkins Economic History Fund, which purchases books and online materials, and sponsors an annual lecture. In 2013 the speaker was David McCullough, Jr. (right), the Wellesley High English teacher known for his "You Are Not Special" address. right: At the Centennial Fund's 2010 Author's Reception, some of the celebrated Wellesley writers included Jackie Greene, author of seven American Girl books, and James Muller, MD, recipient of the Nobel Peace Prize. P H O T O S B Y B E T H H I N C H L I F F E B E T H F U R M A Donations May Be Made To: The Centennial Fund c/o the Wellesley Free Library Foundation 530 Washington Street / Wellesley, MA 02482

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