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The Foundation was established in 1998 to celebrate
the life of Lori Lee Luck, who died on September 5, 1997 at
the age of 40 after a courageous battle against angiosarcoma,
a rare cancer that attacks blood vessels.
The principal activity of the Foundation is to sponsor a
scholarship that will be awarded annually to a female graduate
from Lori's high school alma mater, Sauk Prairie High School
in Prairie du Sac, Wisconsin. The scholarship is funded by
outright donations and investment income. An annual fundraising
picnic is held in June each year to solicit donations.
In a correspondence dated May 9, 2003, the Internal Revenue
Service confirmed its preliminary determination that the Foundation
is exempt from federal income tax under section 501 (a) of
the Internal Revenue Code as an organization described in
section 501 (c) (3). Accordingly, donors may deduct contributions
as provided in section 170 of the Internal Revenue Code. |
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