Lake Toxaway Charities was established 50 years ago by a group of residents committed to charitable giving and supporting the needs of our neighbors in Transylvania County. Thanks to our founders and your steadfast support, LTC has granted over $5,000,000 to local non-profits to date.
We are deeply grateful for your participation in this year’s “Evening in Paris” annual sports day and gala. The event was a tremendous success, raising over $1,000,000. Please mark your calendars for next year’s 50th Anniversary Gala on July 19, 2025. Additionally, the 2024 Angel Tree Giving Program, co-sponsored by The Greystone Inn, will provide food, clothing, and gifts to over 200 families this holiday season. Your generosity continues to humble and inspire us.
In addition to financial gifts, our success relies on our incredible volunteers, allowing us to contract minimal paid staff and services at very little expense.
We hope you enjoy this review, which highlights the impact of your contributions, including an update on Hurricane Helene Disaster Relief (see page 5). It also outlines opportunities for giving, including stock donations, estate planning, and contributions to the Lake Toxaway Charities Community Giving Fund.
We deeply appreciate your support, which sustains our mission to assist neighbors in need. Thank you for fostering a culture of care and compassion.
Chip Brown, Jenny Renfroe, Gary Sperduto, and Carroll Summerour
The Board of Lake Toxaway Charities
Photos from An Evening in Paris
Audit and Financials 2023 Financials
During 2024 Lake Toxaway Charities engaged the Asheville firm of Corliss & Solomon to perform an Independent Auditor’s Report and preparation of Financial Statements for the fiscal year ending December 31, 2023. The auditors have concluded that their analysis reflects an unmodified opinion, and that LTC has passed the audit with no modifications of a material nature to our accounting methods or financial position. For members of our community these results underline and emphasize the careful stewardship of your donations.
The financial report on this page reflects calendar year 2023 activity, which has been verified through the audit process, but does not include the fee for the audit engagement, which will be incurred in 2024. Once again, our operating expenses were extremely low due solely to the fact that we engage minimal administrative services.
Needs and budget requirements for 2025 will increase as we continue to outsource administrative services, and evaluate additional requests for grant distributions. We expect future requests to continue to increase due to economic conditions as well as the aftermath of this year’s disaster.
As always, we are grateful for your support and trust in our use of your gifts.
What We Do
Grant Assessments
At the heart of Lake Toxaway Charities is the enormous generosity of spirit of our community members who pledge their resources to make a positive difference in the lives of our neighbors who are most in need. A volunteer Grant Assessment Committee donates countless hours of their time to determine grant funding to local agencies through a rigorous assessment process. Each member of the Grant Assessment Committee serves as a liaison to four to six agencies. They stay in contact with their agencies via personal visits, emails, and/ or phone calls. Annually, interested agencies apply for grant funding anew, there is no automatic funding/guarantee for continued funding. Each agency request stands on its own merit, and we say “no” if a new or previous agency does not meet our mission’s criteria.
Grant Recipients
We currently support 50 agencies for the hungry, the homeless, those in need of healthcare, the abused, and to education systems and programs. For those agencies which are awarded grants, funds are distributed in June. For the most up-todate information on our supported agencies and how to get involved, please visit our website at laketoxawaycharities.org or scan the QR Code. Lake Toxaway Charities is a 501(c)(3) tax-exempt organization and all contributions to
Hurricane Helene
Over the past few years, Lake Toxaway Charities (LTC) has demonstrated its steadfast commitment to supporting those in need across Transylvania County. In 2020, with your help, we responded to the challenges of COVID-19. In 2021, we extended our support to Rosman in the wake of devastating flooding. Now, in 2024, we are once again responding to a community in crisis, addressing the profound impact of Hurricane Helene—thanks, once more, to your invaluable support.
In the immediate aftermath of Helene, we prioritized urgent needs, directing assistance toward food, water, essential family resources, and mental health services. Within two weeks of power being restored to most—though not all—of Lake Toxaway, LTC mobilized approximately $140,000, distributed to twenty local 501(c)(3) agencies focused on critical aid across Transylvania County. Our Grant Committee, which played an essential “boots on the ground” role after the hurricane, continues to work closely with these agencies to assess evolving needs. As our understanding deepens, we anticipate adjusting our targets for assistance and committing further funds to address emerging priorities.
We extend our heartfelt thanks to the 136 households who have exemplified remarkable generosity in support of this disaster relief. As we work together to meet the needs of our community, LTC remains dedicated to being a thoughtful conduit for your kindness, with our Grant Committee exercising diligence to ensure every contribution has a meaningful impact on the lives of those in need.
*Because of the timing and production of this publication, your donations received for Disaster Relief (after October 1) are not incorporated in our recognitions on pages 6-7, but will most certainly be recognized in subsequent reporting.
On behalf of the thousands of people Sharing House has and will serve in the coming days, I want to express our deepest gratitude for your generous gift given in response to the devastation caused by Hurricane Helene. Your kindness is a lifeline to so many in Transylvania County who are facing unimaginable hardships in the wake of this historic flood.
Rev. Shelly F. Webb Executive Director Sharing House
Words cannot express our THANKS to the 322 donors who supported us during our annual giving period of October, 2023 to September, 2024
$100,000+
Carla Cooper
Jorge & Marjorie Morales
Cliff & Georganne Williams
$50,000 - $99,999
Bart & Elaine Boyer
Mike & Taryn Galvin
Robinson Family Trust
$25,000 - $49,999
Robert & Brenda Barkley
Kevin & Vicki Burkhart
Sandra Dillon
Tom & Jean Dodson
Mimi & Peter Elder
Thomas & Susan Fazio
Bruce & Anne Harrell
Steve & Bonnie Knier
Brian & Debra Singleton
Amanda Martin
Jeff & Elisha Zander
$10,000 - $24,999
AEC Trust
Hilah & Ron Autrey
Doug & Sally Bailey
William & Caroline Bloomhall
Community Foundation of Western
North Carolina
Danita Dickman
Robert & Marilynn Evert
Edmond & Thea Fitzgerald
Randy & Ann Fowler
Linda Garner
Rick & Denise Guthy
Carter & Susan Hopkins
Richard Jacobs
Marshall & Susan Larsen
Mark & Leslie Medinger
Morgens West Foundation
Russ & Nancy Morley
Randy & Patsy Norton
Wilfred & Rita Olschewski
Steve & Deborah Rogers
Clay & Lisa Sykes
Robert & Jane Toney
Mark & Kris Visk
Roma Wehde & Tom Kennedy
Bobby & Sheila Weil
$5,000 - $9,999
Glenn & Sherri Austin
Robert & Betty Balentine
Lance & Shelley Bennett
Dennis & Kathy Berry
Larry & Donna Bradner
Chip & Edith Dixon
Bob & Caroline Donohue
Lee & Nancy Ellis
George & Lisa Etheridge
George & Elke Fetterolf
Peter & Jane Fox
Robert & Mary Hamilton
Scott & Jane Hancock
Fred & Cathy Hawley
Bunny Jones
Bob & Cindy Keane
Lake Toxaway Company
Philip & Cheryl Leone
Daniel & Amy McMorrow
Sherry Minnich
Rick & Mo Mitchell
Joe & Karen Phillips
Charlie & Anne Pierce
Brittain Pinckney
Doug & Patty Probst
Drew & Kellie Prusiecki
Andy & Jenny Renfroe
Art & Cathy Rollins
Gary & Deann Sadowski
Robert Sorgini
Gary & Susan Sperduto
Tommy & Jane Suggs
Connie Turner
Allie & Richard Walker
$2,500 - $4,999
Alex & Lisa Alexander
Sally Allen
David & Lisa Baker
Chip & Leslie Brown
David & Joni Burden
Harry & Nancy Bush
David & Christine Cofrin
Jo & Jim Ditzel
Dwight & Ann Duke
William & Sally Easley
John & Julie Fox
Chip & Ruth Goldsmith
Jim & Lauren Grien
Jim & Stacey Hamilton
Bob & Kathy Heller
Tee & Sherry Hooper
Mac & Connie Leppard
Ken & Sandy McCoy
Scott & Lisa Morgan
Jim & Peggy Morris
Bill & Joanne Nolan
Jack & Page Powell
David & Helena Shuford
Dean & Bronson Smith
Ryan & Amanda Stahl
Frank & Susan Stark
Jeff & Mary Swain
Martin & Linda Vaughan
Anne Zimmerman
Lake Toxaway Charities is a 501(c)(3) tax-exempt organization and all contributions to it and/or its endowment are fully tax deductible.
$1,500 - $2,499
Robert & Claudia Brockett
Rich Cauthen & Wes Kennedy
Sarah & Tyler Chappell
John & Betty Crowe
Duane & Tricia Crowley
Steve & Lori Delaney
Fred & Betty Devitt
Bill & Susie Deyo
Chip & Mishew Edwards
Jim & Tara Elgass
David & Sandra Ferguson
Chris Foster & Pauline Merrill
Chip and Rebecca Freeman
John & Ruth Giordano
Kenneth & Mardale Gustke
Bill Hackney
David & Susan Harker
Highlands Cashiers BOR
Community Improvement Fund
John and Julie Heinitsh
Douglas & Barbara Hill
Quint & Kim Jardine
Jack & Shirley Kaplan
Sally King
Kyle & Jaclyn Kinsell
Howard & Marilyn Krone
Fred & Susan Lary
Timothy & Nancy Lawler
Dennis & Amy Mitchell
Donald & Judy Molitor
Ned & Ginny Moore
John & Mish Nichols
Fernando Flores & Susan Pinnas
David & Katherine Reeves
Lou & Mary Jean Risi
Charles Roberts
Steve & Marcy Sloan
Louise Spencer
Robert & Sybil Turner
Mike & Bonnie Vandegrift
Pam Weekes & Sherm Rounsville
Kit & Laura Whitehurst
Jeannette Wilkes
Larry & Yeardley Williams
Woody & Jean Williams
Jackson Wine and Alex Ivers
Thom & Suzy Young
$1 - $1,499
169 additional and very appreciated supporters.
*Note - disaster relief supporters since October 1, 2024 will be recognized in the next annual giving period.
Supporters who have contributed and/or pledged to
The Endowment: Community Giving Fund
Sally Allen
Ron and Hilah Autrey
Carla Cooper
Kevin and Elizabeth Dice
Sandra Dillon
George and Lisa Etheridge
Tom and Sue Fazio
Mike and Taryn Galvin
John and Ruth Giordano
Bill Hackney
James and Peggy Henderson
Carter and Susan Hopkins
Ken and Sandy McCoy
Jorge and Marjorie Morales
Scott and Anne Perper
Deb and Brian Singleton
Gary and Susan Sperduto
Toby and Carroll Summerour
Robert and Jane Toney
Gail Watson
Cliff and Georganne Williams
What is the purpose of the endowment and how is it funded?
The endowment, named the Community Giving Fund, was established for the express purpose of growing funds so that across time Lake Toxaway Charities may become selfsustaining. It may not always be possible to capture as many volunteer hours of our Lake Toxaway Estate residents. It is the hope that if a paid director or other paid assistance becomes necessary, funding for those salaries can be provided by the earnings of the endowment.
The endowment has been started by extraordinary gifts and pledges by a few residents of Lake Toxaway Estates. As time goes by, it is recognized that future funding drives may be necessary. In addition to direct gifts to the endowment, 15% of all gifts to Lake Toxaway Charities are transferred to the Community Giving Fund each year.
Who We Serve
Education
• Augustine Literacy ProjectBrevard
• Big Brothers Big Sisters of WNC
• Blue Line Foundation
• Bound for Glory Camp
• Centro Comunitario Hispano Amereicano
• Creating a Family
• DJ’s Wish
• Earthshine Nature Programs
• Fellowship of Christian Athletes
• Friends of Panthertown
• Handshake America
• Mountain Roots
• Mountain School of Strings
• Muddy Sneakers
• Neighbors in Ministry - Rise and Shine
• Pisgah Astronomical Research Institute
• Sustainable Health For AllSparkpoint
• Transylvania County
Community Arts Council
• Transylvania County Schools
Educational Foundation
• The Cindy Platt Boys and Girls Club of Transylvania County
• The Family Place of Transylvania County
• The Mediation Center
• Through the Trees
• Young Life of Transylvania County
The
Hungry
• Anchor Baptist Church and Ministries
• Bread of Life
• Gods Way Fellowship Food Pantry
• Meals on Wheels of Brevard
• The Hunger Coalition of Transylvania County
• Transylvania Sharing House
• WNC Source
The Abused
• Cove Shelter
• Crossnore Communities for Children
• Pisgah Legal Services
• Shelter Available (SAFE)
• The Childrens Center of Transylvania County
Healthcare
• Blue Ridge Community Health
• Blue Ridge Mountain Health Project (Free Dental Clinic)
• Brevard Lions Club
• Free Rein
• Hospice of Henderson- Four Seasons
• Lake Toxaway Community Club
• MedAssist of Mecklenburg
• Pardee Memorial Hospital Foundation
• Sanctity of Life-The Center For Women
• St. Gerard House
• The Salvation Army of Transylvania County
The
Homeless
• Isaac Homes Youth Shelter
• The Haven of Transylvania County
• Transylvania Habitat for Humanity
Lake Toxaway Charities is a 501(c)(3) tax-exempt organization and all contributions to it and/or its endowment are fully tax deductible.
Thank you for the generous donation during disaster relief from Helene. Let me tell you, diapers and wipes were flying out the door! Many families are in need and we appreciate your generosity and support in this difficult time. We don’t take this gift lightly and aim to be the best stewards we can be!
Meghan LaRose Executive Director Center for Women
Thank you for LTC’s support of our Post-Helene recovery work in Transylvania County. We continue to host, be present, and serve victims at FEMA clinics and disaster recovery centers, and we foresee that work continuing for weeks if not months.
LTC is a champion for WNC.
Daniel Carey Regional Development Officer
Pisgah Legal Services
Thank you so much for your generous donation and seeing the value of Spark Point’s work. We are encouraged, inspired, and honored to partner with a foundation like yours! From the bottom of our heartsThank you!
Board of Directors
Spark Point
As a longtime partner, Lake Toxaway Charities has always stepped up to support our work with seniors. Whether it’s with volunteers, promotion of our programs and services, or through direct funding.
David White CEO WNCSource
Four Ways to Give
Volunteer Opportunities
There are many opportunities to enrich your life. Contact us to explore any of these options:
• Work with an agency we support
• Serve on the Grant Assessment Committee
• Help with general administrative tasks
• Assist with Annual Gala
• To learn more about these opportunities contact Jenny Renfroe, Board Vice Chair, at jennyrenfroe@comcast.net
Lake Toxaway Charities
• These gifts will fund the 2025 Operating Budget
• These non-directed gifts support 501(c)(3) agencies in Transylvania County
• Write your check payable to Lake Toxaway Charities, and mail to PO Box 163, Lake Toxaway, NC 28747
• For details on transferring gifts of stock, contact Jenny Renfroe, Board Vice Chair, at jennyrenfroe@comcast.net
The Endowment: Community Giving Fund
• These gifts will sustain LTC into the future
• Write your check payable to Lake Toxaway Charities and use the memo line to specify “for endowment.”
• To learn more about the endowment contact Gary R. Sperduto, Endowment Chair. Text or call 404-694-0233
Planned Giving
• Think ahead! Consider including Lake Toxaway Charities in your will.
• Your planned gift may be credited to you, in memory of another, or remain anonymous at your request.
• Planned gifts should be made to “Community Giving Fund - The Endowment of Lake Toxaway Charities,” and cite Tax ID #56-1882460 and mailing address PO Box 163, Lake Toxaway NC 28747
• For more information or help making a planned gift contact Gary R. Sperduto. Text or call 404-694-0233
Stacey and Jim Hamilton are Planning Ahead
The Hamiltons have decided to leave a substantial gift to Lake Toxaway Charities in their will. Asked for their rationale they said the following. “We appreciate the efficiency of LTC and how careful the charity is with expenses. We do not have children and we see the agencies who receive the grants from LTC as having tremendous needs to make a difference in the poor communities in Transylvania County. Since there are limited means for funds, we feel we can help. We hope that by allowing LTC to share what we are doing with our estate planning, others in Lake Toxaway Estates will decide to do the same when the time comes for their funds to be distributed after death.”
