Some 80 residents from coastal Marin attended on Monday the first public meeting of the West Marin Fund, a nascent local grant foundation that aims to provide financial support to area nonprofits. The fund has thus far raised approximately $250,000, with a goal of $2 million by the end of 2012. “Two million is an important minimum because we want an endowment that will carry people through bad times,” said Dick Lemon, one of the foundation’s nine directors. “Not that we are not going to stop at that.” Lemon described the meeting as an opportunity for community members to discuss their hopes and goals for the fund’s role, and for directors to better outline fundraising strategies and reassure area nonprofits that they have no intention of detracting from existing donor pools. To do that, directors have decided to accept no donations below $10,000 and to target second-home owners with little history of donating locally. Lemon said the the foundation hopes to begin disseminating detailed information about grant applications by early next year.