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The Seattle Public Library Foundation has a fiduciary responsibility to ensure that all gifts are used for the purposes intended by the donors. We take this responsibility seriously.
To ensure the efficient use of private funds, the Foundation has established a Financial and Investment Committee to:
- Provide financial oversight for the accounting, management, and investment of all funds
- Arrange an annual audit conducted by a professional firm
- Establish an internal management control system
- Review and approve the proposed operating budget before presenting it to the board for adoption
- Monitor the use of restricted funds
Audits are conducted annually by Jacobson Jarvis, a top-rated accounting and consulting firm specializing in non-profit organizations, based in Seattle, Washington. (To request an audit statement, please contact our Operations & Finance Director.)
Legal counsel is provided by the Seattle office of Stoel Rives, LLP.
Investments are made by a number of professional fund managers who have been carefully selected for their expertise.
The Seattle Public Library Foundation is a 501(c)(3) charitable organization registered with the IRS and with the State of Washington.
For an up-to-date financial summary of funding sources and uses, please contact our Operations & Finance Director.
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