The Lake Fork Community Foundation is dedicated to the memory of those people who have contributed unselfishly in the past to the improvements of Hinsdale County with the hope that the formation and development of this foundation will provide the incentive and entity for persons of all means to participate in the continuing support and improvement of the Lake Fork Valley.
The purposes for which this corporation is to be formed are to operate exclusively for such charitable, scientific, and educational purposes as will qualify it as an exempt organization as is described in Section 501 (c) 3, and exempt from taxation under Section 501 (a) of the Internal Revenue code, to wit:
1. To promote and support the citizens of that portion of Hinsdale County located along the valley of the Lake Fork of the Gunnison River. The determination to promote and support shall be made by the Board of Directors of the corporation and may include, but not be limited to, the following purposes:
For the support of the youth of the area, including but not limited to educational assistance, recreational facilities, etc.
For providing support for public recreation and the arts.
For assisting public, educational, medical, charitable, or benevolent institutions, whether supported wholly or in part by private donations or by public funds, and the public schools of the area.
For promoting scientific research for the advancement of human knowledge and the alleviation of human suffering or the suffering of animals.
For the care of the sick, aged, and helpless.
For the care of needy men, women, and children.
For beautification of the area.
For the care and protection of animals.
For any other lawful activity permitted by the Colorado statutes under which the corporation is established which, in the opinion of the Board of Directors, will promote or support the citizens of the area, either directly or indirectly.
2. To receive, maintain, and administer a fund or funds applying the income and principal thereof for the purposes of this corporation.
3. In administering the corporate funds to accomplish the purposes of the corporation it shall be the policy, but not a mandate, of the foundation to expend funds on a matching basis in order to obtain maximum use of said funds and to avoid undue dependency on the foundation by recipients of said funds.
4. To provide an entity for the furtherance of the purposes of the corporation.