Gloversville Public Library

The Gloversville Library Foundation, Inc. provides approximately 40% of the Library's annual operating budget. Donations made to the Foundation are invested to earn the largest dividends possible. The Foundation was formed in 2005 to safeguard and invest the Gloversville Free Library's endowment. This endowment began in the 1880s with a donation from Electra Faye in the amount of $25,000 (original value). That donation and thousands more have been invested on behalf of the Library with all interest and dividends being turned over to the Library for its annual operating budget. While the principle is not touched, the money earned has provided up to one-half of the Library's annual budget.