Last year, the ALSC’s 11 endowments disbursed more than $51,971 to award and support authors, librarians, and library programs across the country dedicated to children’s services. The first ALSC endowment fund to be established was the Melcher Scholarship, announced in 1955, while the newest is the Carole D. Fiore ALSC Leadership Fund, established in 2009. The ALSC endowments all together have increased in value from $1,687,372 in 2005 to $2,684,430 in 2015. These endowments often bear names that are familiar to ALSC members: Arbuthnot, Belpré, and Wilder. However, several of these funds were started by names that are not so familiar. For example, in 1986 the Antonio Mayorgas Estate gave ALSC an unrestricted gift, which was used to establish the ALSC Distinguished Service Award. The amount that ALSC is able to spend each year is based on a formula used by ALA. It is a percentage of the quarterly balances…