November 13, 2001 Library Appoints New Director of Development

David R. Terry Named

Contact: Audrey Fischer (202) 707-0022

Librarian of Congress James H. Billington announces the appointment of David R. Terry as Director of Development, effective Oct. 25.

A native of Charlotte, N.C., Mr. Terry has spent his career as an investment banker with several major banking firms in New York City and Charlotte. He was most recently president and chief executive officer of Colby Holdings and Colby Capital in Charlotte.

"Mr. Terry brings to the Library a strong business acumen and a broad knowledge of private sector fund-raising and investment strategies," said Dr. Billington. "He will provide the kind of strong, energetic and innovative support to Library managers and to the Library's private sector advisory group, the James Madison Council, that will help extend the outreach of Library programs to an increasingly wide audience throughout the United States and the world."

As Director of Development, Mr. Terry will coordinate all private sector support initiatives for the Library. Working closely with Library managers and curators, he will identify and prioritize a broad array of projects that can benefit from private support and then develop avenues for securing that support. He will also work closely with the Madison Council to initiate and underwrite Library programs and projects that cannot be funded through annual congressional appropriations. A primary focus will be to build on efforts already under way to add an international dimension to the Madison Council and to look into the development of additional public-private partnerships that will increase the national visibility and impact of the Library of Congress.

"I feel as though I have spent my entire career preparing for the opportunity to serve the nation's oldest federal cultural institution and am especially proud to work under Dr. James Billington," said Mr. Terry. "The Library staff has done a tremendous amount of work to develop the wonderful relationships currently in place with members of the Madison Council, and I look forward to working closely with the staff to develop new ones."


PR 01-168
ISSN 0731-3527