Financial Structure

Financial support of the Nantucket Atheneum is a responsibility shared by the town and the community: every year, the Atheneum must raise over 60 percent of its operating budget from individual and foundation support, while the remaining portion of the budget is provided by the town and the state.

The Atheneum’s annual operating budget of $1.8 million covers the day-to-day costs of public library services, preservation of its historic Nantucket collections and stewardship of its historic, landmark building. The Atheneum has a modest endowment, from which it receives a small percentage of income. Each year, the Atheneum also sponsors the Annual Giving Campaign, the Cold Turkey Plunge on Thanksgiving Day, and the summer Nantucket Atheneum Dance Festival to raise critical operating revenues.

Please ensure that the Atheneum maintains its vital role in the community. Support your library today.