Q: What is the background to the formation of the Foundation?
A: In Gee Chun has quietly been supporting the Lancaster community since her 2015 USWO victory at our Club. In discussions with her, it became apparent that she wanted to focus her contributions more on education. This resulted in the formation of the Foundation with the specific intent of benefiting LCC caddies, LCC employees and their dependents as they seek to further their educational pursuits.
Q: How are funds raised?
A: In Gee is committed to visiting LCC on a regular basis to assist in fundraising efforts. Her visit in May along with the generous support of our membership, raised over $50,000. Naturally, any contributions received outside these events will be graciously accepted.
Q: Are contributions to the Foundation tax deductible?
A: Yes. The Foundation is registered as a 501(c)(3) corporation under the Internal Revenue Code of 1986. As such, the Foundation must also distribute at least 5% of its assets annually. Applicants must apply for grants and be interviewed by the Foundation. Successful applicants will have their awards credited to their financial account at their school.
Q: Who oversees the Foundation?
A: The LCC Board of Governors elects the members of the Foundation Board. Members are elected for a two-year term and may serve two terms. Terms begin on March 1 of the calendar year. The Foundation Board has six voting members: Garth Sprecher, Jody Kegel, Fred Clark, Lauren Stadel, Rory Connaughton, Christina Starzyk, and Ryan Granruth.