Lula Lake Land Trust announced on Friday that it has changed its IRS nonprofit 501(c)(3) filing status from private foundation to public charity. Lula Lake Land Trust continues to operate as a tax exempt charitable organization with the best interests of Lookout Mountain and Chattanooga in mind.
“Going from private foundation to public charity will help us grow and be a vital community partner and leader in preserving the area’s natural beauty,” said Lula Lake Land Trust Executive Director Mike Pollock. “We’re serving more and more people every day and we believe our new status more accurately reflects our mission and reach.”
The public charity designation allows Lula Lake Land Trust to seek more opportunities in funding, including a matching gifts program, corporate investments and expanded grant opportunities.