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As 2013 comes to a close, many people are looking for tax-deductible charitable opportunities.
The Lake Area Foundation offers residents an opportunity to assist regional and local causes by donating to permanent endowment funds.
To date, the Lake Area Foundation offers a collection of more than 20 permanent endowment funds designed to provide for current and future needs. These flexible funds make it easy for people from all walks of life to contribute to causes that matter to them.
The principal of these funds remains intact forever, with the income generated annually invested back into the community through grants that tackle today’s needs and prepare for tomorrow’s challenges.
Established in July 2012, the Lake Area Foundation, which operates under the arm of the Lake Cumberland Area Development District, is a community foundation that serves Taylor, Adair, Casey, Clinton, Cumberland, Green, McCreary, Pulaski, Russell and Wayne counties.
Residents who are looking to make year-end charitable contributions can consider these regional funds:
• Lake Cumberland Area Development Fund, which benefits the 10-county Lake Cumberland region through grants that tackle current and future challenges.
• Bethany House Fund, which funds unmet needs of the women’s abuse shelter which serves the 10-county region.
• Pat Bell Administrative Fund, which secures the on-going professional administration of the Lake Area Foundation.
• Lake Cumberland Children’s Advocacy Center, which funds ongoing maintenance and operation of the center, which serves victims of alleged child sexual abuse and their families within the 10-county region.
The Foundation also manages several funds that have been created specifically to benefit special causes in Taylor County. These include:
• Durham School Legacy Fund, which funds the annual Durham School Legacy Festival.
• Taylor County Women’s Giving Circle of Hope Fund, which benefits local charitable causes and unmet community needs.
To contribute to Lake Area Foundation endowment funds or to start a new fund, contact a member of the Taylor County Advisory Committee, which includes Barry Bertram, Jann Aaron, Eddie Hazelwood, Karen Patton and Wanda Washington, via email at lakeareafoundation.org.
More information about the Foundation is also available at www.lakeareafoundation.org and on the Lake Area Foundation’s Facebook Page.