The goal of the Foundation is to increase the permanent endowment to $1 million. Already earnings have enabled the Foundation to fund college scholarships and to make grants to local charities serving Lakewood’s greatest needs. The following grants have been made that directly serve Lakewood charities, children and families.

2022 Second Quarter Financials

 

Beginning Assets, End of 1st Quarter: $1,359,383.19
2nd Quarter Contributions: $    2602.99
Earnings $ (136,094.59)
Grants $  (35,900.00)
Investment Fees $    (433.72)
Banking Fees $    (72.29)
GTCF Fees: $ (2,769.69)
   
Ending Assets, thru 2nd Quarter, 2022: $1,186,715.89

 

2022 Larry Saunders Service Award Nominations Open

Please click here or on Applications above. Deadline: September 23, 2022

Larry Saunders Service Award Winners Announced

 

Award was a Double Hitter

Lakewood Community Foundation Fund in partnership with City of Lakewood has announced the fifth Annual Larry Saunders Service Award was given to two winners in an unusual double presentation via Zoom, Tuesday evening, 18 January 2022.  

WILLIAM HARDIN HARRISON, First Mayor of Lakewood, and PARTNERS FOR PARKS were recognized for their many years of extraordinary service to Lakewood community. A $1,000 grant, accompanied each award, with the first going to Communities in Schools and the second as named.

 

Grant Requests for 2022 Now Open

Endowed money available for grants this year is $34,900. Grant applications are now being accepted, with a deadline of April 6, 2022. Email to gnsrediske@msn.com or mail to the LCFF PO Box. Be advised that grants are only made to qualified 501(c)3 organizations with principal benefits to the citizens of Lakewood.

Click below for application form.

/sites/default/files/documents/FINAL%20-%20Proposed%20Revision%2C%202022%20Grant%20App%20(3).docx

The Transfer of Wealth Opportunity

Pierce County is a place of abundance. According to the 2020 Pierce County Transfer of Wealth Study*, our current household net worth is $269 billion. This is the total value of assets in our community –homes, businesses, investments. Over the next 10 years, $48.6 billion of those assets will be transferring from estates to the next generation. $482 billion is expected to transfer over the next 50 years. If concerned, caring community members like you designated 10% of your estate to charitable organizations and causes you cared about, we could transform our region for future generations.

Here is the study at this link. Lakewood's reported household net worth is $19 Billion. In the next 10 years, $3.1 Billion of that will change hands with estate reconciliation. If charitable organizations could only receive 10% of that wealth.....

2021-GTCF-Transfer-of-Wealth-Report.pdf