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Lyon County Riverboat Foundation Commits To $700,000 In New Competitive Grants

Grand Falls Casino signRural Larchwood, Iowa — The Lyon County Riverboat Foundation held its semi-annual awards program on Thursday night. (October 10).

The event was held at the Grand Falls Casino near Larchwood. The program recognized fifteen new competitive grant award winners for the Fall 2013 cycle.  The foundation committed over $700,000 of new grant money for this grant cycle.

The one-time grants this time ranged from $750 for the Sanford Health Foundation for in-school vaccinations, to $30,000 for the Larchwood Emergency Medical Service to buy the old Larchwood Fire Station.  There were also some multi-cycle grants including $250,000 in ten cycles of $25,000 for Fellowship Village in Inwood for their project, “Making Privacy a Priority”; $162,000 in ten cycles of $16,250 for the City of Little Rock for more renovations to their city hall, and $130,000 for apparatus for the Little Rock Fire Department, with $100,000 up front and $30,000 next time.

Riverboat Foundation President Jeff Gallagher
Riverboat Foundation President Jeff Gallagher

According to Lyon County Riverboat Foundation president Jeff Gallagher, this grant cycle, they gave out the least they have ever given. He says that has nothing to do with the health of the casino. He says the reason is that the foundation is still filling many commitments to previous grantees at the same time.

By state law, all casino licenses in Iowa are held by nonprofit license holders, which distribute a percentage of gaming revenues to municipalities and other groups. Grand Falls Casino gives 4.5 to 5 percent to the Lyon County Riverboat Foundation for distribution. The percentage increases depending on revenues. The foundation gives half of the money to county government, and the eight municipalities and three public schools in the county; and the other half is given in competitive grants.
 

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