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Wednesday, 25th February 2009

For Libraries at UCLA and Yale, $5 Million Arcadia Fund Gifts Go Beyond Money

From the Article:

Like many librarians, University of California, Los Angeles (UCLA) librarian Gary Strong has a wish list. “I have this file that I keep in a drawer,” he told the LJ Academic Newswire, “and every time I think, boy, I wish had $25,000 or $30,000 to do something, I write that idea down and keep it in there.” Thanks to a record-breaking $5 million gift from the Arcadia Fund announced this month, Strong, despite an international economic crisis and a California state budget trimmed to the bone, can break finally out the list.

At UCLA, the $5 million is the largest single gift for collections in UCLA’s history.

In addition to UCLA, the Yale University libraries also received a $5 million gift from the Arcadia Fund. At Yale, the generous gift isn’t quite a record-breaker. “Historically, John William Sterling’s 1918 bequest of $18 million dollars to the university, equivalent to almost $200 million today, stands out,” Yale library spokesperson Geoffrey Little told the LJ Academic Newswire.

Source: Library Journal


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