The Library Fund was originally founded in 1983 as The Bettendorf Public Library Foundation. It operated under this name until 1998 when it merged with the Campus Project Association, formed to raise capital for the construction of The Learning Campus, and the Family Museum of Arts and Science Foundation. Board The Library Fund Board controls the affairs of The Library Fund and has sole authority over its assets. The Library Fund Board has 21 members including the Director of The Bettendorf Public Library Information Center and at least one member appointed from the Board of Trustees. Board terms are three years.
Board members are eligible for reelection if they have served less than six consecutive years.
An honorary category of director emeritus may be provided. Persons in this category may attend meetings but shall not vote nor be responsible for the actions of the Board. The Nominating Committee will recommend persons for this category. Vacancies are filled by a majority of those present at a regular meeting. The Library Fund Board meets at least quarterly on the first Monday noon of July, October, January and April.