The primary investment objective for endowment funds is to provide reasonable spending in support of The Lake Forest Library while preserving the purchasing power of the fund over the long term. The investment strategy has been designed to achieve returns sufficient to cover reasonable expenses plus inflation, while minimizing volatility.
The Lake Forest Library Foundation adopted the following policy on February 23, 2022 in order to establish clear principles for managing any and all endowment funds within the Foundation:
The Lake Forest Library Foundation follows the Gift Acceptance Process outlined by the Lake Forest Library.