Donald G. Jones Appointed Trustee of Library of Congress Trust Fund Board

On January 1, 1999 Don Jones was appointed by then Speaker of The House Newt Gingrich to the Library of Congress Trust Fund Board (TFB).

The TFB is authorized to accept donations, bequests, securities, or real property for programs, projects, and activities in support of the Library's mission. The fund is administered in accordance with the fund's purpose including any specific donor stipulations.

The overall objectives of the TFB's investment programs are to support trust fund activities by: 1) providing a stable, growing stream of payouts (from income and capital appreciation) for current and future expenditures; 2) providing for the liquidity of investments to make principal payouts; and 3) maintaining the "purchasing power" of endowment trust funds.

The TFB consists of the Secretary of the Treasury, the chairman of the Joint Committee on the Library, the Librarian of Congress, two persons appointed by the President for a term of five years each, four persons appointed by the Speaker of the House of Representatives for a term of five years each and four persons appointed by the majority leader of the Senate.

James H. Billington, the Librarian of Congress, serves as ex officio chairman of the TFB.