Riverboat Foundation Gives Nearly $238K To Gov’t Subdivisions

Date posted - September 26, 2016

Rock Rapids, Iowa — It’s time once again for the non-profit license-holder of the Grand Falls Casino near Larchwood to give out some of the money the casino takes in.
Grand Falls Casino sign
The Lyon County Riverboat Foundation (LCRF) has announced its third quarter non-competitive grant awards totaling $237,809.48.

This time the cities’ grants range from a low of $12,148 for Inwood to a high of $14,533 for Rock Rapids. West Lyon, Central Lyon, and George/Little Rock school districts each get nearly $40,000, and Lyon County gets nearly $17,000.

These funds are programmed by each city council and school board and the County Board of Supervisors.

Since inception, the foundation has given from a low of almost $296,000 for Alvord to a high of over $355,000 for Rock Rapids.

The LCRF non-competitive grant program distributes 50% of it’s total revenue directly to the cities, public schools and county, located in Lyon County based on population. For 2016, LCRF has distributed $744,585.93. To the government subdivisions, the foundation has distributed a total of $5,581,176.16 since the casino opened and the foundation was founded.

In related news, the Lyon County Riverboat Foundation will hold its semi-annual competitive grants award ceremony on Thursday, October 13th, 2016 at the Grand Falls Casino and Golf Resort’s event center. The evening will start at 6 p.m. with hors d’oeuvres, to be followed by a program at 7 p.m. Fifteen different organizations will receive funding to complete projects. The foundation also has eight multi-cycle grants that will receive funding during this fall cycle totaling $229,000. The event is open to the public.

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