Lantana Education Charitable Foundation

Our greatest commitment to education is the Lantana Education/Charitable Foundation. This organization was created to fund projects such as advanced educational programs and scholarships for Lantana students, as well as religious, scientific, literary or other charitable endeavors. The Foundation committed $1 million to the Denton Independent School District in 2000, enabling an elementary school to be built for Lantana students. One-half of one percent of the sale of all real estate sold or transferred within Lantana both current and future will go into this permanent foundation.

This unprecedented innovation is helping to build Lantana's reputation as one of the country's most "education-friendly" communities.

Granting Policy

The terms of the Foundation’s Charter and its IRS Tax Exemption require that grants go beyond benefiting only Lantana. As of December 31, 2007, the Foundation had donated $3,111,506 to the following recipients:

Denton Independent School District:	$	2,016,802
Medical Charities:	$	738, 250
Other Educational:	$	221,500
Other Charitable:	$	134,954

Administration

The activities of the Foundation are managed by its Members, comprised of three (3) individuals appointed by the original landowner that established the Foundation. The Members serve without compensation for indefinite terms. Upon the death or resignation of a Member, the remaining Members may appoint a substitute or manage with a reduced number. The Members also serve as the Foundation’s Board of Directors.

The Board of Directors includes:

Rick Strauss
John Wagner
Mark Wagner