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The Endowment Fund is a tax-exempt non-profit 501(c)(3) organization. It was established in 1998 by the Overland Park Host Lions Club. The management and operation of the Endowment Fund is overseen by a Board of Trustees.

Gifts have been made to the OPHLCEF honoring contributions of individuals, celebrating events, and in memory of friends and loved ones.

Charitable gifts and bequests to the Endowment Fund are added to the corpus of donations which are conservatively invested by the Board of Trustees. Earnings on those investments are made available as awards to worthy causes.

The Board of Trustees has made international, national, state and local charitable awards out of the earnings from the corpus investments.