A new “Pillar” of the Greater Lake City Community Foundation was announced at the June 19th meeting held at the Lake House on Pepin restaurant – The Endowment for the Arts. This new pillar will generate money to be used for grants in support of arts in our impact region. Fundraising is being conducted aimed at raising $20,000 to be placed in an endowed fund that will generate income to be used for the support of arts.
This new thrust has begun with an anonymous contribution of $10,000 by an area couple. In addition, the GLCCF Board of Directors personally contributed $5,000 to be used as matching funds to help spur additional donations that – when matched dollar for dollar – will result in a total of $20,000 for the Endowment for the Arts.
Once the $20,000 total has been reached, the income earned from the endowment investments will be used to fund grant requests in our area. If you are interested in supporting the arts in our region, now is the time to double the benefit of your donation. Please specify on your donations, payable to GLCCF, that they are for the “Endowment for the Arts” if that is your intention.