2025 Trust Fund Report

This report details the financial activity of various library trust funds for the year ending December 31, 2025. The Irv H. Terchak Trust, managed by the Greater Milwaukee Foundation, saw significant activity:

Beginning Balance (Jan 1, 2025): $2,510,327.35
Receipts:

• Contributions: $227,000.00 (including $227,000.00 from the City of West Allis)
• Investment Income: $14,358.16
• Realized Gains: $479,097.44
• Unrealized Losses: -$178,176.13
  Total Receipts: $542,279.47
  Distributions:
• GMF Administrative Fees: $21,061.92
• Grants Approved: $85,271.00 (distributed as $21,317.00 quarterly to West Allis Public Library)
  Total Distributions: $106,332.92
  Ending Balance (Dec 31, 2025): $2,946,273.90

Other smaller trust funds, including the Book (Materials) Sale Trust Fund, Heikkinen Trust, Reading Garden Trust, Drake-Breskvar Trust, and Elaine Strike Memorial Trust, also reported their year-end balances and financial activity, with total balances for these combined funds at $7,848.35 (excluding Terchak Fund).