> > > > > >Welcome to the Lake Area Foundation – As a community foundation we hope to be the "resource central" for ideas, information and inspiration to help you make a difference in our communities.
Our organization began with a simple idea: charitable giving should be easy, flexible and effective.
We plan to develop a permanent, yet flexible, collection of endowment funds contributed by people from all walks of life who want to give something back in a way that matters 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.
We began operations in May, 2012 and currently are working toward our first endowments. Our operating costs are currently being covered by the Lake Cumberland Area Development District and eventually will be endowed by the Pat Bell Administrative Fund, enabling us to focus on strengthening the communities of the ten counties of the Lake Area Foundation. Our board is a cross-section of the communities’ leaders, and our staff members are local advocates who are honored to help make a difference.>
>Council on Foundations National Standards Documentation>
> Yevette Haskins, Lake Area Foundation Chair, and Donna Diaz, Executive Director, presented a copy of the community foundation's Council on Foundations National Standards documentation submittal to Commissioner Tony Wilder, Department for Local Government, for consideration by the Endow Kentucky Commission.
In legislation passed by Kentucky's General Assembly, a community foundation meeting the requirements for National Standards for Community Foundations may also submit a copy of the National Standards submittal (to the Kentucky Department for Local Government) to be recognized by the Endow Kentucky Commission, thereby qualifying donors to Lake Area Foundation funds for a 20% state income tax credit.
The Lake Area Foundation Regional Board of Directors and local advisory committees have worked along with staff over the past 1 1/2 years to achieve this goal.
The Endow Kentucky Tax Credit was enacted in order to encourage philanthropy throughout the state.
Yevette Haskins, Lake Area Foundation Chair, and Donna Diaz, Executive Director, presented a copy of the community foundation's Council on Foundations National Standards documentation submittal to Commissioner Tony Wilder, Department for Local Government, for consideration by the Endow Kentucky Commission.