Raising Scholarships for Today’s Students and Endowing Scholarships for the Future In 2007, the LFD, Inc. Board of Directors established a Scholarship Fund and an Endowment Fund, with a plan to raise one‐million dollars over ten years. Named in honor of the founding Executive Director/Superintendent, Patricia F. Karl, this fund is invested by Essex County Community Foundation and was restricted until $1,000,000 was raised. In FY’18, LFD reached the $1M goal. These funds ensure that promising 8th graders are able to attend a private secondary school, if they choose. For the past ten years, PFK scholarship recipients have attended some of New England’s most prestigious and rigorous secondary schools. Providing the Places and Spaces where we are “developing thriving neighborhoods ” Today, facility assets of LFD are valued at over $11 million dollars and ensuresstabile, safe, welcoming structures that foster LFD’s mission and revitalizes its neighborhoods. Over the past two decades, the LFD board has supported new construction at 34 West Street and a seven‐million‐dollar purchase and rebuild at 400 and 404 Haverhill Street. In 2015, LFD added 10 Railroad Street to our real estate portfolio through a gift from the Fournier Family. In 2016, LFD completed the construction and sale of our 10th Street and broke ground at an empty lot on Jackson Street, which will become our 11th low‐to‐moderate‐income first‐time homebuyer. With our wealth of real estate, LFD has developed and fostered lasting relationships with community partners. For 20 years, LFD has leased building space and land and provided management services to the Lawrence Family Development Charter School. LFD also provides operating space and management services for the Lawrence Early Achievement Partnership (LEAP) program and Casa Dominicana, a small non‐profit dedicated to promoting Dominican culture in Lawrence. In partnership with a local real estate developer and partner, LFD completed renovations at 417 Canal Street. Transformed into a state‐of‐the‐art youth development center, 417 Canal Street now houses the LFD’s SISU program and Lawrence High School’s RISE Academy. single family home on West Lawrence home sold to a LFD, Inc. asked to take over Academy for Early Academic Preparation Opens 2012 management of Lawrence Youth Team and SSYI Program; LFDCS successfully re‐chartered. 2014 LFD , Inc. becomes approved Targeted Assistance Turnaround Operator for Massachusetts LFD, INC FY’2017‐2018 ANNUAL REPORT 2015 LFD, Inc. begins work on the SISU Center LFD, Inc. consolidates Alternative Youth Programs into the SISU program 2016 2017 LFD, Inc. opens the SISU Youth Development Center PAGE 3 FY’19
7 Publizr Home