This is La Crosse Area Community Foundation’s own “Agency Fund” which was established by our Board of Directors to work towards a time when eventually the fund’s earnings could cover our annual operating expenses. The board’s vision is that one day 100% of our donor gifts can be returned to the community through grants as no administrative fees will be needed for operating expenses. The Fund can also be utilized in the event the organization’s annual investment earnings and fees are not enough to cover operating expenses.