The Lakeway Police Memorial and Benevolent Foundation, "Lakeway Police Foundation", a 501 (c)(3) non-profit organization, contributes funds raised to the Lakeway Police Department. It is strictly a volunteer driven organization. Board Members are not paid employees, therefore there is no office overhead and the administrative costs are minimal. This means that a vast majority of all money donated is used for the Foundation's charitable purposes.
Through its gala and other fund-raising events, the Foundation works towards the advancement of its mission which is to give back to men and women of the Lakeway Police Department. Donations are accepted from any outside source interested in supporting employees, families and friends of the Lakeway Police Department in the case of emergency or misfortune. Funds raised are also used for memorials, scholarships or other educational programs and in support of other public safety programs or needs of the department.