Laura Moore Cunningham Foundation Inc

The Laura Moore Cunningham Foundation Inc is a 501(c)(3) nonprofit organization dedicated to advancing the state of Idaho through educational and charitable initiatives. Established in 1964, it is one of Idaho's oldest and largest charitable foundations, providing substantial support to the community.

History

The foundation's origins trace back to the early settlers of Idaho, notably C.W. Moore, who migrated west in 1851 and played a pivotal role in the region's business and civic development. His daughter, Laura Moore Cunningham, furthered this legacy through her civic involvement and philanthropy. She served as a director of the Children's Home Society for over thirty years and was active in several community organizations.

Mission and Activities

The foundation's mission is centered on enhancing the quality of life in Idaho. It achieves this through two primary programs:

• Scholarship Program: The foundation provides over 500 scholarships annually, totaling more than $2 million, to students attending Idaho's institutions of higher learning. These scholarships are intended to support promising Idaho youth by alleviating financial burdens and fostering educational opportunities.

• Grant Program: The foundation funds nonprofit organizations across Idaho through a competitive grant process. This support focuses on areas such as rural healthcare, educational programs for children, and initiatives targeting underserved communities and populations.

Governance

The Laura Moore Cunningham Foundation is governed by a volunteer Board of Directors. Notably, its directors have never received salaries or fees for their service, ensuring that overhead costs are minimal and allowing for maximum financial impact in the community.

Financial Overview

The foundation's financial activities are characterized by significant charitable disbursements. Revenue primarily comes from dividends and other income, ensuring a substantial allocation to grants and scholarships. As of recent financial filings, the foundation reported total assets of approximately $9 million and zero liabilities.

Legacy

Laura Moore Cunningham Foundation Inc is a testament to the enduring legacy of Laura Moore Cunningham and her family's commitment to Idaho's development. Through its scholarship and grant initiatives, the foundation continues to play a vital role in improving life for Idahoans across the state.