The library began to form in 1992. In 2019, the total library stock consisted of about 1.5 thousand books. The electronic library began to form on January 10,  2020.

On August 1,  2022, the library received the following name — P.A. Cherkasov Fundamental Electronic Library. Prokopii Antonovich Cherkasov (1659−1725) was a representative of the Cherkasovs (Keretskys) family. In the early 1700s, there was a shelter for visually impaired people on his farmstead in the village of Keret (the territory of the Moscow Kingdom). Thus still at the beginning of the XVIII century the representatives of the Cherkasovs (Keretskys) family performed an important social function in the public life of Russian society.

In the fall of 2024, in connection with the creation of a library fund dedicated to the Masonic Order of the Knights Templar, the library began to be replenished with paper books. On June 6,2025, the paper library fund was merged with the electronic library fund, and the library was named P.A. Cherkasov Fundamental Library.

The library has more than 60 thousand volumes in Russian, English and German. Most of the library consists of books from the period of the 19th — early 20th centuries dedicated to the Russian Empire. There are significant numbers of books about the Masonic Order of the Knights Templar in the United States.

The library includes newspapers, journals and books. The library interface includes a journal room with newspapers and journals, as well as the following ones: collections of documents, descriptions of territories, and a collection of regimental histories.

А significant selection of newspapers from the period of the Russian Civil War, as well as the collaborationist periodicals from the period of World War II is of special interest among the newspapers.

The head of the library is Irina Cherkasova.