Treasurer Says Happy New Year

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American Library Association Treasurer Rod Hersberger made the following announcement today on the ALA Council list: “Our financial advisors at Merrill Lynch reported that at November 30, the total value of ALA’s endowment stood at $28,398,452. This compares to the endowment’s month-end low point at February 28 of $21,298,663. That represents a recovery of $7,099,789. Pretty good and let’s hope it continues, although it is still about $3M below the high point in May 2007.  I’ll report the December 31 results when I receive them.” Hersberger is dean, University Library, and information security officer, California State University, Bakersfield.