Brett Bonfield writes: “ALA’s endowment is a major component of the Association’s finances, contributing millions of dollars each year to the budget to support ALA activities. It’s also one of the least visible aspects of Association operations, and investment activity can be complicated and intimidating to examine. The trustees value transparency and collaboration. In an effort to uphold those values and improve communication with members, we will post updates in this column and the Endowment Trustees page every few months.”