LAKESHORE COMMUNITY FOUNDATION, INC. IS A TAX EXEMPT PUBLIC CHARITY ORGANIZED TO PROMOTE AND MANAGE ENDOWMENT FUNDS PRIMARILY FOR THE BENEFIT OF SHEBOYGAN AND MANITOWOC COUNTIES. THE FOUNDATION RECEIVES, ADMINISTERS, AND DISTRIBUTES GIFTS FROM INDIVIDUALS AND ORGANIZATIONS FOR THE LONG TERM BENEFIT OF THE COUNTIES IT SERVES. DURING 2023, THE FOUNDATION ADDED 8 NEW FUNDS TO ITS PORTFOLIO, AND CLOSED ONE, FOR A TOTAL OF 98 FUNDS WITH AN AGGREGATE MARKET VALUE OF $89,015,000 AT YEAR END. AVERAGE FUND SIZE WAS $908,000. DURING 2023, GROWTH IN GIFTS TO NEW AND EXISTING FUNDS WAS $13,884,000. THE FOUNDATION MADE 227 GRANTS DURING 2023 TOTALING $2,439,000. SINCE THE FIRST FUND WAS ESTABLISHED IN MAY 2011, THE FOUNDATION HAS DISTRIBUTED MORE THAN $22,300,000 IN GRANTS.
