TLCF Accepts Applications for $10,000 in Grants
April 2004

Twin Lakes Community Foundation is accepting applications until April 15 from nonprofit agencies in the four counties it serves for grants from a $10,000 fund. Twin Lakes Community Foundation serves Marion, Baxter, Fulton, and Izard counties.

Grant applications are available by contacting Estella Tullgren at 870-425-2694, and are also available at many area banks. The grants will be awarded May 28, Mrs. Tullgren said.

Groups which received grants during the Twin Lakes Community Foundation's first year, 2002-2003, were: Marion County Literacy Council, Inc., Twin Lakes Literacy Council, Mountain Home Christian Clinic, Yellville Area Food Closet Assoc., Norfork Area Youth Center, Inc., and Serenity, Inc.

Twin Lakes Community Foundation, and other affiliates of the Arkansas Community Foundation, receive and administer charitable funds on behalf of individuals, foundations, nonprofit organizations, and businesses. Community foundations manage charitable donations, allowing a donor to avoid the complexity and cost of creating a private foundation.

South Shore Foundation became a first-year donor for the Twin Lakes Community Foundation in 2003, giving a $10,000 endowment as the organization began to build its endowed funds. That gift will remain permanently as principal with its earnings awarded by the South Shore Foundation.

South Shore Foundation set up an endowed fund with Twin Lakes Community Foundation in 2003 because it saw the potential of the community foundation to help the four-county area in the future. It's gift was eligible for matching funds by the Walton Family Charitable Support Foundation. Currently, new permanent funds set up through Twin Lakes Community Foundation are matched by the Walton Foundation's Partners Program through 2007. At the end of 2003, Twin Lakes Community Foundation reported earnings available for return to South Shore Foundation on its endowment are $521.

For more information about Arkansas Community Foundation, call toll-free, 888-220-2723 or visit the Web site at www.arcf.org.