Stillwater Public Library Trust to Transition Into Independent Nonprofit
Change will alleviate rigid state investment restrictions for $1 million endowment
Stillwater City Council
The Stillwater City Council voted unanimously Monday to authorize the conversion of the Stillwater Public Library Trust into a 501(c)(3) nonprofit organization, marking a significant structural change for a foundation that has supported library services for over four decades.
Resolution CC-2025-27, approved during the Oct. 20 council meeting, paves the way for approximately $1 million in investment funds currently held by the Trust to transfer to the newly formed nonprofit entity. The existing Trust will be terminated once the nonprofit's governing documents receive final city approval.
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