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Lake Cities Education Foundation reports $3.47 million in assets, awards $87,025 in scholarships
Summary
The Lake Cities Education Foundation told the Lake Dallas ISD board it held $3.47 million in cash and investments and nearly $1.9 million in endowments at mid‑2025; the foundation awarded 46 scholarships totaling $87,025 and reaffirmed plans for upcoming fundraising events.
Carla Landrum, executive director of the Lake Cities Education Foundation, presented the foundation’s annual update to the Lake Dallas ISD Board of Trustees, reporting $3,470,191.92 in cash and investments—an increase of $503,225 since December 2024—and endowments of roughly $1.9 million.
Landrum said the foundation awarded 46 scholarships totaling $87,025 in May 2025 and distributed $57,000 in teacher grants. She noted a $35,000 grant from the Josephine Hughes Sterling Foundation was divided evenly between scholarships and teacher grants. Since 2001, the foundation has awarded…
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