The Lake Community Foundation's mission is to provide a community foundation through which philanthropists can support their favorite charities and to use its endowments for the benefit of the community.
Lake Community Foundation
~ A Community Foundation
Community foundations serve their local communities by:
managing permanent funds for charitable individuals, families, corporations,
and nonprofit organizations
allowing for donor-directed distributions to specific charities
distributing grants to worthwhile causes in the name of the donor
being governed by a board of community leaders who know the needs of the community
responding to changing needs with flexibility
Donors choose to work with a Community Foundations
to take advantage of the tax benefits of planned giving
to simplify their giving
to leave a legacy for generations to come
Donors using Lake Community Foundation are able to choose among a number of funds options to benefit their favorite charities, such as:
Donor Advised Funds
Designated Beneficiary Funds
Field of Interest Funds. In addition,
Charitable Gift Annuities
Deferred Charitable Gift Annuities
Charitable Remainder Trusts
New donor-advised funds can be set up with a contribution as little as $5,000 ($25,000 minimum for the new donor-advised endowed fund or $50,000 for other named designated endowment funds). And there are never any out of pocket costs/fees for establishing a new fund. You may make a contribution of any size to an existing fund.
Click here to visit the Community Foundation of Central Florida’s Knowledge Base, a searchable database of information about Central Florida nonprofit organizations.
Philanthropists feel good about doing good when they establish charitable community funds and endowments at the Lake Community Foundation.
They are assured a secure place for their charitable donations where funds and endowments are grown and preserved according to prudent investment principles. Philanthropists also benefit from the combined wisdom of a board of directors who are local community leaders and recognize the needs of their community.