Academic libraries can help solve the problem of escalating costs by seeking grants and gifts to supplement funds from their parent institution. Issues to be considered in looking for funding sources include: (1) institutional support, including funds from the college or university budget, communication with administration, and assistance from development staff members; (2) grant opportunities, including identifying sources, granting agency guidelines, and time factor; (3) library needs, including identifying appropriate projects for funding and the importance of administrative support; (4) individual supporters as a means to strengthen proposals; and (5) cash or in-kind gifts. Examples of funding agencies, a checklist of grant opportunities, and a checklist of library needs are attached. (KRN)