Since the inception of the Lennox Area Community Fund in June of 2004, total donations to the fund totaled $182,083.70 as of 9/30/14. With earnings included, our closing balance as of 9/30/14 was $202,032.62. During that time, LACF has donated a total of $44,075 back to the communities of Chancellor, Worthing, and Lennox without touching any of the principal! This is truly a fund for our communities, Forever!
2014 was the final year of a match commitment from Valley Exchange Bank. Thanks to the generosity of our supporters, the fund was able to raise the $15,000 needed to receive the final $5,000 match. Below is our Honor Roll of donors for fiscal year 2014 (7/1/13-6/30/14), as well as since the funds inception. A very sincere thank you to all the donors!
Grants are awarded annually based on applications submitted by the August 1st deadline. The dollar amount available is determined by the earnings received by the fund. In 2014, a total of $9,625 was made available for grants. The recipients are pictured at right.
We thank you for your continued support of the LACF. Thanks to your generosity, the funds impact will only be greater in coming years as the fund balance increases. Our funds are professionally managed by the Sioux Falls Area Community Foundation. Since LACF’s inception in 2004, the average annualized return has been 7.6% as of June 30, 2014.
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.
Valley Exchange Bank has agreed to an extension to their original 10 year matching commitment. For the next $15,000 milestone in donations received,
Valley Exchange will match $5,000 to LACF. Let's reach $15,000 for 2015!