The Commons Foundation and Larkspur Library Foundation Announce $100,000 Matching Grant for Community Challenge to Fund New Larkspur Library
Larkspur, Calif. (January 14, 2022) – The Commons Foundation (TCF) and the Larkspur Library Foundation jointly announced a $100,000 matching grant from the Library Foundation for cash donations to TCF’s Capital Campaign to build the new Larkspur Library. Gifts will qualify for the Library Foundation match if they are in cash, between $1,000 to $49,999, and received by TCF by February 28, 2022.
“The Larkspur Library Foundation has continuously supported the Larkspur Library for forty-five years including its renovation in 1983”, said Larry Lanctot, President, Larkspur Library Foundation. “A dream was born with the dedication to the City, without charge, of 2.4 acres of land on the Rose Lane site which the Council designated ten years ago as the site for the Larkspur Library. The Larkspur Library Foundation enhances achieving that dream by an agreement with The Commons Foundation to match qualifying cash contributions up to $100,000 to the new community campaign. The Larkspur Library Foundation Board of Directors is excited to assist The Commons Foundation and the City of Larkspur achieve their funding goal for the Library at Rose Lane.”
The Larkspur Library Foundation matching grant is timed to raise as many funds as possible before the City of Larkspur submits its state grant application at the end of February 2022. “We deeply appreciate the support of Larkspur Library Foundation,” said Joe Jennings, President, The Commons Foundation. “Its decades-long dedication to providing funding to the Larkspur Library is inspiring and its help today comes at an inflection point for doubling donor contributions and then potentially having the state matching grant double them again.”
The Larkspur Library Foundation gift makes up the majority of the new TCF Community Challenge, which has additional matching sponsors including former City councilmember Larry Chu and Larkspur residents Kathy and Brendhan Green. Total matching funds available at this time are $126,000.
On January 5, 2022, TCF announced the $1 million Lerner-Berkemeier Challenge which matches new pledges and cash gifts of $50,000 or more. The Lerner-Berkemeier Challenge has raised $200,000 in new pledges and $200,000 in matching funds to date.
TCF has raised $2.5 million in cash and pledges as of December 31, 2021. The overall goal is to raise $5 million by December 31, 2022.
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For questions or to request an interview with a TCF representative, please contact Jennifer Golbus at (415) 302-2368 or firstname.lastname@example.org.
About The Commons Foundation
The Commons Foundation (TCF) is a citizen-led 501(c)(3) not-for-profit organization designated by the City of Larkspur to raise private funds to build the new Library at The Commons, located at the corner of Rose Lane and Doherty Drive in Larkspur. Plans for the 2.4-acre City-owned property include a modern library, public square, and community center, to be built in three phases. Phase 1 is projected to cost $5 million and will include a 5,000 square foot library, parking for 15 cars, bicycle parking, a fenced children’s patio, and a ramada with framed views of Mount Tamalpais, providing shaded seating for outdoor programming. An additional $5 million in Phase 2 will expand library and programming space to a total of 10,000 square feet, increase onsite parking to 40 spaces, and add a public square, tower, and vehicle turnaround. A final $10 million in Phase 3 will add a 10,000 square foot community center for cultural and community events, programming, and exhibits, and increase onsite parking to 60 spaces. For further information visit thecommonsatlarkspur.org.