Library Trustees approve trust fund restoration and gallery policy update.
Library Trustees unanimously restore Amos Adams Fund to original $10,000 balance. Chair Kevin Hamilton's board approved financial advisor John Sousa's recommendation to consolidate the Proctor Fund (approximately $3,519), Clement Fund (approximately $128), and approximately $3,957 from the
Library Trustees · Meeting of March 11, 2026
CHELMSFORD — Library Trustees unanimously restore Amos Adams Fund to original $10,000 balance. Chair Kevin Hamilton's board approved financial advisor John Sousa's recommendation to consolidate the Proctor Fund (approximately $3,519), Clement Fund (approximately $128), and approximately $3,957 from the Endowment at Citizens Bank, transferring the restored balance to MMDT; the board also unanimously revised the Trust Fund Investment and Spending Policy to impose a 10 percent spending threshold on Scoboria Fund withdrawals requiring board approval. The Trustees unanimously approved the revised Art Exhibit Policy and a $1,000 stained-glass project honoring Trustee Margaret Marshall's 30 years of service.
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Source: the Library Trustees meeting of March 11, 2026, compiled from the official minutes.
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