Stillwater Public Library Trust to Transition Into Independent Nonprofit

Change will alleviate rigid state investment restrictions for $1 million endowment

Chris Peters

Oct 21, 2025 - 5 min read

The Stillwater Public Library building. The city's Library Trust, which has supported the library since 1984, is transitioning to a 501(c)(3) nonprofit structure to gain investment flexibility. – Photo by Chris Peters

Stillwater Public Library Trust to Transition Into Independent Nonprofit — The Stillwater Public Library building. The city's Library Trust, which has supported the library since 1984, is transitioning to a 501(c)(3) nonprofit structure to gain investment flexibility. – Photo by Chris Peters

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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