2015 was the 11th anniversary of LACF. Since our inception in June of 2004, total donations to the fund were $199,565.58 as of 9/30/15. With earnings included, our closing balance as of 9/30/15 was $204,526.61.
During that time, LACF has donated a total of $51,575 back to the communities of Chancellor, Worthing, and Lennox without touching any of the principal! This is truly a fund for our communities, Forever! During the 2015 fiscal year, a total of $21,586.71 was received in donations. A sincere thank you to all the donors that continue to make LACF a success.
Grants are awarded annually based on applications submitted by the August 1st deadline. The dollar amount available is determined annually based on earnings received by the fund. Our funds are professionally managed by the Sioux Falls Area Community Foundation. Since LACF’s inception in 2004, the average annualized return has been 7.0%. In 2015, a total of $7,500 was made available for grants. The recipients are pictured at left.
We thank you for your continued support of the LACF. Thanks to your generosity, the funds impact continues to grow each year as our fund balance increases. Our goal is to make annual giving to the fund, no matter how big or small, a practice for everyone who has been touched by the civic pride of our communities.
Whether you are looking to donate, to apply for a grant, or are just curious about the LACF welcome! If you can't find the information you are looking for please contact one of the LACF board members, listed on the "About Us" page or email our website administrator.