Raising Scholarships for Today’s Students and Endowing Scholarships for the Future In 2007, the LFD, Inc. Board of Directors established the PFK Scholarship 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 we reached the $1,000,000 goal. In FY’18, LFD, Inc. 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, Inc. are valued at over $11 million dollars and ensures stabile, safe and welcoming structures that foster LFD, Inc.’s mission and revitalizes its neighborhoods. Over the past two decades, the LFD, Inc. board has supported new construction at 34 West Street and a $7 million dollar purchase and rebuild at 400 and 404 Haverhill Street. In 2015, LFD, Inc. added 10 Railroad Street to our real estate portfolio through a gift from the Fournier Family. In 2016, LFD, Inc. completed the construction and sale of our 10th home on West Street and broke ground on an empty lot on Jackson Street, which will become our 11th single family Lawrence home sold to a low-to-moderate-income, first-time homebuyer. With our wealth of real estate, LFD, Inc. has developed and fostered lasting relationships with community partners. For over 20 years, LFD, Inc. has leased building space and land and provided management services to the Lawrence Family Development Charter School. LFD, Inc. also provides operating space and management services for the Lawrence Early Achievement Partnership (LEAP) program and Casa Dominicana, a small nonprofit dedicated to promoting Dominican culture in Lawrence. In partnership with a local real estate developer and partner, LFD, Inc. completed renovations at 417 Canal Street. Transformed into a state-of-the-art youth development center, 417 Canal Street now houses Lawrence Family Development, Inc. dba Lawrence Prospera’s SISU program and Lawrence High School’s RISE Academy. 2012 LFD , Inc. becomes approved Targeted Assistance Turnaround Operator for Massachusetts 2015 LFD, Inc. begins work on the SISU Center LFD, Inc. asked to take over management of Lawrence Youth Team and SSYI Program LAWRENCE PROSPERA FY’2018–2019 ANNUAL REPORT 2016 LFD, Inc. launches the SISU Alternative Youth program 2017 LFD, Inc. opens the SISU Youth Development Center 2018 LFD, Inc. rebrands as Lawrence Prospera PAGE 3 FY’20
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