Book Endowment Funds

The establishment of book endowments to provide a solid base for the acquisition of new materials is the primary goal of the library's involvement in the University's major fund raising campaign. Book Endowment Funds exist in perpetuity. The funds are invested and only the investment income is used to purchase books. In the next few years the library hopes to add a minimum of two million dollars to its existing book endowment funds. New endowments may be established with contributions of $10,000 or more. The library currently has 34 book endowment funds.

Since the publication of our last Newsletter the following new endowments have been established:

THE CLARKE A. NELSON BOOK ENDOWMENT FUND has been established by Mr. Clarke A. Nelson of Los Angeles, California. He is the father of Evelyn Nelson, Class of 1985.

THE SCHOOL OF BUSINESS ADMINISTRATION BOOK ENDOWMENT FUND - this has been established by Mr. Donald J. Donahue and the Continental Group, Inc. to endow the purchase of reference books and serials in support of the courses in the School of Business Administration.

THE JOHN H. FORSGREN, SR, MEMORIAL BOOK ENDOWMENT FUND has been established by the four children of John H. Forsgren, Sr., all of whom are graduates of Georgetown University (John H., Jr., 1967; Brian, 1971; Roger, 1977; and Laura, 1978). In addition to Brian's wife, Suzanne (née Buddie), graduated in 1971, and Roger's wife, Florence (née Quigley), graduated in 1978.

THE JAMES R. SPRANKLE BOOK ENDOWMENT was established by James R. Sprankle (Class of 1927, College of Arts and Sciences). It is used to strengthen the undergraduate collections.

THE PARENTS ASSOCIATION BOOK ENDOWMENT FUND was established by the Parents Association from profits received from the sale of watches and prints to the parents of Georgetown students.

THE REV. JOSEPH DURKIN, S.J., AMERICAN STUDIES BOOK ENDOWMENT FUND A very generous gift to this established book endowment fund was made in 1983 by the members of the McDonough family; Donald, Jr., (C'67); Francis J. (C'74), Cornelius J. (Bus. '76); Timothy F. (C'80); and Lorraine C. (C'83). The gift was given in honor of their father, Donald J. McDonough, Sr., (C'39).

CAPT. MILES P. DUVAL, JR. ENDOWED BOOK COLLECTION FUND - Another substantial gift of $5,000 was made by Capt. DuVal to this fund for the acquisition of books and related materials on the Panama Canal and Naval History. Due primarily to the efforts of Capt. DuVal, Georgetown's book and manuscript collections on the Panama Canal are the finest of any academic institution in the world.