A donor has pledged to match up to $150,000 in support of major renovations to the Carroll Public Library.
A donor has pledged to match up to $150,000 in support of major renovations to the Carroll Public Library.

July 26, 2018

A highly accomplished former Carroll-area resident Tuesday pledged up to a $150,000 match to any donations made in the next two weeks to the City of Carroll’s library modernization project

The donor will match all donations made between noon, July 11, and midnight Aug. 8.

The aim: fill a $300,000 gap in fundraising that will position Carroll to obtain a $500,000 to $650,000 state Community Attraction and Tourism grant.

The donor wishes to remain anonymous.

During Carroll’s last meeting with Enhance Iowa, a state panel that oversees Community Attraction and Tourism (CAT) grants, in Cedar Falls earlier this month, state board members asked the nonprofit Carroll Library Foundation to find final fundraising sources to close a gap of about $300,000 that recently was discovered because of an adjusted project cost estimate.

The foundation and library advocates are working aggressively to have that gap closed in early August as they prepare for the upcoming meeting with the statewide board, Aug. 8.

Donors can contact the library foundation through its Facebook page, Carroll Public Library Foundation, or visit the Carroll Public Library, located in the Farner Government Building at 118 E. Fifth St. and donate there — or mail checks to: Carroll Library Foundation, 118 E. Fifth St., Carroll, Iowa 51401.

Donations also can be left at United Bank of Iowa at 609 N. Clark St.

The donations are tax-deductible.

“We’re casting a wide net, and the finish line is in sight,” Carroll Library Foundation President Mitch Hiscocks said. “There’s a lot of positive energy out there. We’re moving ahead, and we’re very confident we’re going to reach our goal.”

Hiscocks also reminded residents to consider the fact that by donating now to help fill the $300,000 gap, they could be helping push forward the CAT grant of $500,000 or more — meaning that essentially, their donation becomes worth more than double its amount.

The city is moving forward with a plan to expand the Carroll Public Library within the Farner Government Building and build a new City Hall in the old Commercial Savings Bank, donated to the city for the purposes of improving the library, after a successful vote last August through which Carroll voters approved a $3.8 million bond referendum for the project. The remainder of the funds for the estimated $6.8 million project would be funded through library foundation fundraising and other city funds.

The CAT grant — Carroll has requested a grant of about $650,000 — would apply toward the library foundation’s $2.5 million fundraising goal, of which about $1.8 million has been pledged or paid so far.

The intent of the CAT grant is to be “last dollars” for a project — that the full project cost, minus the amount of the grant, has been funded before the grant fills in the gap.