NOTICE OF SUSPENSION OF GRANTS FOR 3RD CYCLE 2008 AND FOR YEAR 2009
Because of the recovery efforts in which the Foundation must engage for its own operations as a result of damages from Hurricane Ike, together with the negative impact of the downturn in financial markets on the Foundation's corpus, the Stark Foundation will continue the prior suspension of the grant-making aspect of its operations through the entirety of Year 2009.
Therefore, the Stark Foundation will not accept any grant applications for Year 2009, nor will be able to consider any grant applications that may be submitted notwithstanding this suspension.
In addition to the programs that it operates, the Nelda C. and H.J. Lutcher Stark Foundation endeavors to uphold the legacy of its founders through grants to education and qualified scholarship programs, organizations that seek to improve health, medical care and social services in the Southeast Texas area, and organizations with a focus on community enhancement and arts and culture in the Southeast Texas area. Preference is afforded to programs and organizations that directly influence Orange County, Texas, as well as to those organizations that have secured a minimum of one-third to one-half of the needed project funds prior to making application.
In 2007, the Directors of the Foundation funded grants in a total amount of more than $3,300,000.00. The Foundation remains committed to a broad pattern of giving, although it will continue to focus grant-making opportunities in the areas of education, health and social services, medical care, community enhancement, and arts and culture in Orange County, Texas.