On Nov. 7, 2016, the Lakewood City Council unanimously approved a resolution officially recognizing the vital role and public purpose of the Lakewood Community Foundation Fund.
The Lakewood Community Foundation Fund – a donor-advised fund of The Greater Tacoma Community Foundation – was formed as a 501 (c)(3) charitable organization by the Lakewood Rotary Club and Clover Park Rotary Club to address critical needs in Lakewood and to serve Lakewood residents more directly, especially its neediest.
About the Lakewood Community Foundation Fund
The two Rotary clubs wanted to be more Lakewood-oriented in their charitable efforts, and all the money raised benefits Lakewood organizations and citizens.
The Foundation’s goal is to establish a $1 million endowment in order to fund projects and scholarships to benefit children, families and charities in Lakewood. The $1 million endowment should generate $50,000 or more each year for grants to deserving students and charities that work to meet the needs of Lakewood’s low-income population.
In 1999, the Foundation received a remarkable gift from Lakewood resident Marianna Shaw before her death from cancer. Widowed the previous year, one disabled son already deceased and another cared for in perpetuity through a trust, Marianna directed her Executor to divide her remaining estate equally to serve four areas: her church, her late husband’s alma mater, cancer research, and her community.
Neither well-to-do nor well known in Lakewood, Marianna left the surprising sum of $85,000 to the Lakewood Community Foundation Fund. She was confident that this relatively unknown organization would make good choice about how best to serve her fellow Lakewood residents, especially the neediest.
Since Marianna’s gift in 1999, the Lakewood Community Foundation Fund has received several gifts of $50,000 or more, along with countless smaller donations, raising the current asset value to over $800,000.
To date, the Foundation has made more than $94,000 in community grants, $25,000 in student scholarships, and facilitated more the $300,000 in specific community projects .
The Foundation Fund is governed by a nine-member board of volunteer directors: three from Lakewood Rotary Club, three from Clover Park Rotary Club and three community representatives.
- A RESOLUTION of the City Council of the City of Lakewood, Washington, recognizing the vital role and public purpose of the Lakewood Community Foundation Fund.
- WHEREAS, the City of Lakewood, Washington established in 1996, and ever dedicated and striving to perfect those values and attributes of vital and flourishing urban community within its jurisdiction and authority, to include beautification, improvement or maintenance of public spaces and rights of way within the City of Lakewood, Washington; and,
- WHEREAS, since incorporation, volunteers have expended significant amounts of time and energy to further promote the aesthetic enhancement of different areas of the City, including major intersections and traffic islands, making a significant beneficial difference for the entire City; and,
- WHEREAS, the Lakewood Community Foundation Fund, operating as a donor advised fund of The Greater Tacoma Community Foundation, is formed to promote the enrichment, vitality and cultural heritage of community, with exclusive dedication to Lakewood, Washington; and,
- WHEREAS, the collaboration of all parties to these ends are of mutual benefit to the City of Lakewood, its citizens and prospects, to include its Arts & Culture, Education, Environment, its Parks & Recreation, and the Well- Being of its People (its Social Capital); and,
- WHEREAS, in recognition of the public benefit achieved by the Lakewood Community Foundation Fund in partnership with the City of Lakewood to ensure continued funding, it is desirable to formally acknowledge the valued public purpose of the organization;
- NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKEWOOD, WASHINGTON, HEREBY RESOLVES as Follows:
- Section 1. That, as funding for the Lakewood Community Foundation Fund is used to the exclusive public benefit of the City of Lakewood, the City of Lakewood hereby recognizes the Lakewood Community Foundation as serving a public purpose and hereby establishes a partnership with the Lakewood Community Foundation Fund for public improvement and service to the City of Lakewood community.
- Section 2. Effective Date. That this Resolution shall be in full force and effect upon passage and signatures hereon.
ADOPTED by the City Council this 7th day of November, 2016