The Beaver Memorial Library had its origin in 1938 where it was housed in a century-old residence at Fourth and Insurance Streets. In 1961 the name was officially changed to the Beaver Area Memorial Library in order to reflect its expanded public support and increased services. In 1962 the library moved to a new building where it now is located. The library receives financial support from the Beaver Area School District, the County of Beaver, the State of Pennsylvania, and the municipalities of Beaver, Brighton Township, Vanport, and Bridgewater.
Additional income is received through fines, library association memberships, and gifts.
The Beaver Area Memorial Library Association was established on October 30, 1961. Memberships are classified as individual, children, family, and organization. Library Board One member for each 3,000 residents of each political subdivision of the Beaver Area is elected to serve on the library's board of trustees. Three members at-large also serve on the board. In addition the Beaver Borough Council and the Board of Directors of the Beaver Area School District each appoint a member.