The Ladysmith Community Fund Society (LCFS) was formed in 2020 to establish a community endowment fund to serve the community of Ladysmith. An agreement was signed in 2021 with the Nanaimo Foundation to hold the fund and manage it together with it’s other assets. LCFS will develop a granting program to invite project proposals from eligible charities in the community, and issue grants from the investment earnings of the endowment fund. Tax receipts for donations will be issued by the Nanaimo Foundation.