Stockton Springs Community Library has started an endowment fund at Maine Community Foundation, it was announced recently.

“The foundation has an excellent track record of managing funds for nonprofit organizations,” said Pat Curley, director of the library. “This service allows us to focus more on our mission.”

The community foundation manages more than 200 nonprofit agency funds of different sizes from across the state.

“Maine relies on the critical work done by its nonprofits,” said Meredith Jones, the community foundation’s president and CEO. “Managing their endowments and other long-term funds is one way we can help them to grow and prosper.”

Through its diversified primary investment portfolio, Maine Community Foundation offers nonprofit organizations access to institutional investment strategies and management normally available only to large investors. The foundation employs multiple professional investment managers with experience in specialized sectors of the investment markets.

Maine Community Foundation has been partnering with donors and nonprofits to build strong communities in Maine since 1983. More information about the community foundation can be found at mainecf.org or by calling 1-877-700-6800.

The Stockton Springs Community Library is an all-volunteer library founded in 2001. For more information visit stocktonspringslibrary.org.