Sponsor: Library
Title
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Gift From Myrna Boyken to the Ramsey County Library
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Recommendation
recommendation
Accept the 2024 gift of approximately $23,000 from Myrna Boyken.
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Background and Rationale
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The Ramsey County Library system was named sole beneficiary to an Individual Retirement Account held by Boyken. Given the nature of the account and fluctuating interest rates, the exact dollar amount will be unknown until the day of liquidation.
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County Goals (Check those advanced by Action)
☒ Well-being ☒ Prosperity ☒ Opportunity ☐ Accountability
Racial Equity Impact
The generous support of Boyken enhances the Library’s ability to serve the county’s diverse communities.
Community Participation Level and Impact
There is no community engagement associated with this request for board action.
☒ Inform ☐ Consult ☐ Involve ☐ Collaborate ☐ Empower
Fiscal Impact
The gift is not part of the Library department approved 2024 budget. These funds will be placed in the Library department’s Trust and Agency Fund and expended in alignment with the vision, mission, and goals of the county.
Last Previous Action
None.
Attachments
None.