wlcf

Western Lane Community Foundation manages substantial assets, which are
divided into "funds" according to their origin and designated use. Assets that are not
subject to immediate expenditure are invested with the Oregon Community
Foundation according to conservative investment guidelines approved by the Board
of Directors in consultation with the Oregon Community Foundation. WLCF Funds
fall into five categories; designated, undesignated, endowment, scholarship and
pass-through.

Designated funds are funds for which the donor has designated either a particular
entity as recipient or has indicated that they should be awarded by the Board of
Directors to benefit a specific cause, such as disadvnataged youth, abused animals
or literacy.

Undesignated funds are funds which the donor has entrusted to the Board of
Directors for distribution in its discretion within the general guidelines of the
foundation's purpose.

Endowment funds are funds designed to be invested in perpetuity with the earnings
used for a specified agency or purpose.

Scholarship funds are designated for academic scholarships, with or without
further selection criteria.

Fiscal Sponsorship funds are funds established for tax-exempt fundraising for local
projects that fall within the purview of WLCF's mission; such as the Library
Expansion and the Senior Center Building Fund.

A partial listing of our funds and their purpose includes:

The Alzheimer Fund-designated for projects that benefit Alzheimers patients or
their families.

Cork and Ann Anson Fund-provides grants to Florence Food Share and Florence
Area Humane Society

Martha Beechler Fund- Endowment fund with income designated for the Siuslaw
Public Library.

Justin Black Scholarship Fund: For area graduates attending Lane Community
College.

Ron and Mary Cleve Boehi Fund- Endowment fund, the income of which is used
for grants to programs and projects that promote the health and welfare of children
and families "at risk."

Tom Cherones and Joyce Keener Fund: Benefits Siuslaw Area Women's Center,
Florence Events Center, Siuslaw Public Library, Florence Boy's and Girl's Club and
WLCF Discretionary grants.

Cocciolo Family Scholarship Fund: Scholarship for Graduates of Siuslaw High for
Community College or trade/vocational school.

Louise Coopey Fund: To benefit the community, in the discretion of the
Foundation.

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