LCAC Donations

Choosing How Your Gift Is Used 

• By default, donations support annual operations. 

• Donors may designate gifts specifically to the Endowment. 

• Endowment gifts complement, but do not replace, annual giving. 

If you have questions about how to designate your gift, we are happy to talk with you. 

Transparency and Reporting 

• The Endowment balance and activity are reviewed by the Board of Directors monthly. 

• Endowment information is summarized in our financial reporting. 

• We welcome donor questions and value open communication. 

Your generosity makes both today’s work and tomorrow’s stability possible. Whether you give annually, support the endowment, or do both, your gift helps ensure that this organization remains a permanent part of our community. 

Thank you for investing in our mission. 

Our Commitment to Donors 

We are committed to using every gift responsibly, transparently, and in alignment with our mission. Because our work depends on a mix of annual support and long-term planning, we offer donors clear choices about how their contributions are used. 

Donors may choose to support the organization in one of two primary ways: 

1. Annual Operating Support 

2. Endowment Support 

Both are essential, and both help ensure the organization remains strong and sustainable. 

Annual Operating Support (Most Gifts) 

Annual gifts support the work you see happening today, including: 

• Productions, programs, and events 

• Artists, technicians, and contractors 

• Marketing and audience engagement 

• Day-to-day administrative costs 

• Volunteer support and coordination 

These gifts allow us to present work, serve our community, and pay people fairly for their contributions. Annual support keeps the organization active and vibrant. Without it, we cannot produce shows, host programs, or serve audiences. 

Endowment Support (Long-Term Stability) 

The Endowment exists to ensure the continued existence of the organization — even during periods when programming may be reduced or paused. Endowment gifts are invested and protected to support the organization’s long-term stability. 

With Board approval, endowment earnings may be used to support essential fixed costs that exist even if no shows or programs are taking place, such as: 

• Facilities costs (rent or mortgage) 

• Utilities 

• Insurance 

• Minimum staff salaries 

• Required administrative and legal costs 

Endowment funds are not used for: 

• Specific productions or events 

• Artist or contractor wages tied to programming 

• New or expanded programs 

• Marketing or fundraising campaigns 

Extraordinary Circumstances 

In rare and unforeseen circumstances that threaten the organization’s continued existence, the Board of Directors may authorize the use of endowment funds — including, if necessary, a portion of the endowment principal — solely to preserve the organization. Such decisions require a supermajority vote of the Board and are documented in official records.