Lloyd K. Johnson Foundation Annual Report

Director's Summary 2008

2008 will go down in history for many as the year that the economy began a sharp decline leading, to what some call, the “Great Recession”. Much wealth was lost affecting government, communities, individuals, nonprofit organizations and Foundations. The resulting new economic reality has led many nonprofits to reevaluate priorities and begin the process of seeking creative solutions to the pressing issues faced in pursuit of their missions. As a Foundation we are acutely aware of the unique challenges of local nonprofits during these difficult days. Through these challenging times, our mission to significantly improve the quality of life in North Shore communities remains strong.

In support of our mission to help improve the quality of life on the North Shore, a key highlight for the Foundation in 2008 was the initiation of the Lloyd K Johnson Post-Secondary School Scholarship Program for graduating seniors from Cook County High School in Grand Marais. Four scholarships were awarded to students to pursue their academic goals at Lake Superior College in Duluth. The Lloyd K Johnson Scholarship provides funds for all tuition, fees and books for the first academic year at Lake Superior College with a renewal scholarship award possible for the second school year based on satisfactory academic progress. The scholarship program was a dream of Mr. Johnson’s and we are delighted to assist the students in Grand Marais through this unique opportunity.

In addition to the new scholarship program, the Foundation awarded 66 grants to local nonprofits for a total amount of $787,166. These grant funds, awarded to projects in our five areas of interest - Arts & Culture, Education, Community and Economic Development, the Environment and Social Welfare - have been granted to organizations large and small and contribute towards our goal of strengthening the North Shore communities we serve.

2009 brings new hope as well as challenges for all of us. As we move forward we will need creativity and courage supported by thoughtful planning and a renewed commitment to mission to accomplish our goals. We look forward to the lessons learned through adversity that make us stronger and better prepared for the opportunities to come.

Joan Gardner-Goodno
Executive Director