The Lake Trust Foundation awarded more than $45,000 in scholarships to Michigan residents during its recent annual scholarship award celebration.
Lake Trust Foundation President David Snodgrass presented LaToya Wright of Muskegon with a Community Impact Scholarship that rewards an aspiring community-oriented entrepreneur who wishes to run a business with a social purpose with full graduate school tuition at Cleary University. Wright’s goal is to open a daycare center focusing on cultivating and nurturing children’s social, cognitive and development skills.
The New Beginnings Scholarships assist those wishing to pursue skilled trades or technical education programs, and the four recipients of $2,500 each are Keith Austin of Ann Arbor, Blake Ellis of Mt. Pleasant, Ian Krumm of Howell and Amanda Lawrence of Ypsilanti.
“Our business members and employers across Michigan report a shortage in the skilled trades. We’ve also supported businesses with a social purpose and assist entrepreneurs with our micro business loans of $49,999 or less that address a unique need,” said Snodgrass, who is also the president and CEO of Lake Trust Credit Union, the only credit union headquartered in Livingston County.
“We’re proud these scholarships are innovative in both areas and can help such talented people achieve their dreams.”
Lake Trust Credit Union’s statewide charter and recent growth, including new branches in Plymouth and Detroit’s New Center area, provide even greater avenues to make a difference, Snodgrass noted, adding to volunteer efforts helping the underserved and its Community Development Financial Institution (CDFI) status to generate opportunity for Michigan communities in need. The Lake Trust Foundation, as a 501(c)(3) organization, works with its contributors to address the basic human needs of food, shelter, clothing, education and health care.
“The Foundation is dedicated to supporting our recipients on their personal development journey and help Michigan work towards its best tomorrow,” said DeAndre Lipscomb, executive director of the Lake Trust Foundation. “We congratulate them and are excited about their bright futures.”