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2015 Fall Newsletter

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South Dakota Community Foundation Fall stories and updates
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Page 1 PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842 Fall 2015 Update Earl Nordby Selected as 2015 Philanthropist of the Year A Journey of Giving Earl Nordby of Huron was only seventeen years old when he had to step up and lead his family’s Pepsi distributorship business after his father’s unexpected and untimely death. Over the next 60 years, Nordby would grow the business from five employees to more than 80, when it was sold in 2009. His business served Mitchell, Chamberlain, Pierre and Huron for decades, and today, he continues to serve those communities through philanthropy. The South Dakota Community Foundation highly values Nordby’s leadership giving and support to nonprofits locally and statewide, which led the SDCF to nominate Nordby for the highest award given by the Association of Fundraising Professionals (AFP). The AFP honored Nordby as the 2015 Philanthropist of the Year at its Governor’s Awards Luncheon on October 6 in Rapid City. Nordby’s philanthropic contributions are substantial. He not only commits his own financial support to charitable causes across the state, but also motivates other individuals to give. His impact also extends to the South Dakota Community Foundation. His involvement with the SDCF began in 1998 when he joined the board of directors. He continued to serve as a board member until 2007. He has contributed to various funds managed by the SDCF and has established a family donor advised fund at the foundation. (Story continued on page 3). Nordby has supported organizations, such as 4-H, Mitchell Technical Institute and the United Way. Read more about Nordby’s substantial philanthropic impact on South Dakota nonprofits and the SDCF on page 3. A Giving Leader Find us on Facebook & Online News Highlights - pg. 2 Earl Nordby’s Impact story continued - pg. 3 SD Fund Grants Awarded - pgs. 4 & 5 Partnering with Nonprofits - pg. 5 Community Innovation Grants Awarded - pg. 6 & 7 New SDCF Funds - pg. 8 At a Glance & Foundation Flashback - pg. 9 Gift Type Spotlight: Commodities - pg. 10 CSA Success: Faulkton - pg. 11 SDCF Board of Directors & Staff - pg. 12 In This Issue Governor Dennis Daugaard presents Earl Nordby with the 2015 Philanthropist of the Year award.
Transcript
Page 1: 2015 Fall Newsletter

Page 1 PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842

Fall 2015 UpdateEarl Nordby Selected as 2015

Philanthropist of the YearA Journey of Giving

Earl Nordby of Huron was only seventeen years old when he had to step up and lead his family’s Pepsi distributorship business after his father’s unexpected and untimely death. Over the next 60 years, Nordby would grow the business from five employees to more than 80, when it was sold in 2009.

His business served Mitchell, Chamberlain, Pierre and Huron for decades, and today, he continues to serve those communities through philanthropy. The South Dakota Community Foundation highly values Nordby’s leadership giving and support to nonprofits locally and statewide, which led the SDCF to nominate Nordby for the highest award given by the Association of Fundraising Professionals (AFP). The AFP honored Nordby as the 2015 Philanthropist of the Year at its Governor’s Awards Luncheon on October 6 in Rapid City.

Nordby’s philanthropic contributions are substantial. He not only commits his own financial support to charitable causes across the state, but also motivates other individuals to give. His impact also extends to the South Dakota Community Foundation. His involvement with the SDCF began in 1998 when he joined the board of directors. He continued to serve as a board member until 2007. He has contributed to various funds managed by the SDCF and has established a family donor advised fund at the foundation. (Story continued on page 3).

Nordby has supported organizations, such as 4-H, Mitchell Technical Institute and the United Way. Read more about Nordby’s substantial philanthropic impact on South Dakota nonprofits and the SDCF on page 3.

A Giving Leader

Find us on Facebook & Online News Highlights - pg. 2

Earl Nordby’s Impact story continued - pg. 3

SD Fund Grants Awarded - pgs. 4 & 5

Partnering with Nonprofits - pg. 5

Community Innovation Grants Awarded - pg. 6 & 7

New SDCF Funds - pg. 8

At a Glance & Foundation Flashback - pg. 9

Gift Type Spotlight: Commodities - pg. 10

CSA Success: Faulkton - pg. 11

SDCF Board of Directors & Staff - pg. 12

In This Issue

Governor Dennis Daugaard presents Earl Nordby with the 2015 Philanthropist of the Year award.

Page 2: 2015 Fall Newsletter

PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842Page 2

The news section of our website features the most recent updates about the SDCF, including grant awards, giving tips and stories from our partners. Visit SDCommunityFoundation.org/News to learn more.

Philanthropy Works: Harmony South Dakota

The Harmony South Dakota program connects youth to music through an after-school program, where students participate in a string orchestra, percussion ensemble, private instrument lessons, musicianship

instruction and tutoring. The SDCF has supported Harmony South Dakota through several grants. Watch the video online to see how the organization is impacting Sioux Falls students.

August 2015 Grant Awards

View pictures from our most recent grant check presentations across the state.

Philanthropy Works Video: Deb Bonte

In 2014, Deb Bonte started a one-on-one tutoring program for children in need of extra help with school. After Bonte’s sudden passing, the program

is still making a big difference for children in Beresford. Go online to watch how Deb’s legacy lives on today.

What is a Community Foundation?Ever struggled to define the purpose of a community foundation? A video featured on our blog presents a simple definition of how community foundations help good happen in your community. You can watch the video online.

Online News Highlights

Visit Facebook.com/SDCommunityFoundation to see the latest SDCF news. You can watch videos about our latest philanthropic efforts, read stories on grant recipients and learn about our partners from around the state. Like our page to keep up on how the South Dakota Community Foundation is impacting lives on a day-to-day basis.

We also share updates on Twitter at @SouthDakotaCF. Follow us today!

Find us on Facebook

Page 3: 2015 Fall Newsletter

Page 3 PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842

“I am thrilled that the Association of Fundraising Professionals has selected Earl as South Dakota’s Philanthropist of the Year,” says Stephanie Judson,

Earl Nordby, 2015 Philanthropist of the Year, was recognized for his philanthropic leadership and support of nonprofits across South Dakota. The following list is by no means comprehensive of his impact on nonprofit and charitable efforts around the state.

• $1 million commitment for the construction of the Nordby 4-H Exhibit Hall on the State Fairgrounds, which he then followed up with a $500,000 matching challenge. A total of $2 million was invested in the project because of Nordby’s involvement. • $1 million contribution to Mitchell Technical Institute. • $750,000 for the Nordby Wellness Center in Huron. He also raised an additional $500,000 from other donors for the project. • Purchase and donation of the Huron University campus to the City of Huron for the Splash Central waterpark, city’s parks department offices and public facility space.

• Nordby has also supported organizations, such as: - Dakota Wesleyan Nurses Training Program - South Dakota State Fair - James Valley Christian School - Huron Symphony Orchestra - Campbell Park Summer Entertainment Program - Pepsi Theater Renovation and Purchase - Huron BackPack Program - Conversion of Huron Regional Medical - Huron United Way Center to a private facility - People’s Transit System - DWU Football Program Equipment - Construction of the Pepsi Soccer Fields - Mtn. Dew Softball Fields - Planned Parenthood of MN, ND and SD - South Dakota Symphony Orchestra

Nordby’s Impact Continued...

Philanthropic Impact Overview

SDCF president. “Earl’s generosity is quite remarkable, as is his commitment to his community, family and several charitable causes close to his heart. We are so honored to work with Earl and his daughters, Diane and Linda, in helping them accomplish their philanthropic goals.”

The Nordby Family Foundation at the SDCF has awarded over $2.6 million to nonprofits and charitable causes in the state.

“I can’t think of a lot of other people who love South Dakota

as much as Earl does, or the community he calls home,” says Diane DesLauriers, Nordby’s daughter.

The South Dakota Community Foundation is honored to continue to help the Nordby family give back to South Dakota.

Pictured are from left to right Dan DesLauriers, Diane DesLauriers, Governor Dennis Daugaard, Earl Nordby, Loraine Alexander and First Lady Linda Daugaard.

I can’t think of a lot of other people who love South

Dakota as much as Earl does...

“”

Page 4: 2015 Fall Newsletter

PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842Page 4

The South Dakota Community

Foundation awarded 36 grants

from the South Dakota Fund from

April 1, 2015 – September 30, 2015

totaling more than $248,000.

The Foundation received 50

applications, with requests totaling

more than $600,000. See the list of

awards below.

The SDCF makes grant awards

from the South Dakota Fund in the

areas of economic development,

human services, health, education

and cultural programs. For

more information on the South

Dakota Fund and its online

grant application process, visit

SDCommunityFoundation.org/

SDFund or call 800.888.1842.

South Dakota STARBASE: $5,000 South Dakota Fund Grant Pictured are (left to right): Keith Moore; Kathy Gunderson; and Trudy Morgan, all South Dakota Community Foundation (SDCF) board members; Ginger Niemann, SDCF program officer; Vonny Revell, director of South Dakota STARBASE, Janet Cronin; Beth Benning; Norbert Sebade; and Anita Nachtigal, all SDCF board members. South Dakota STARBASE will use the grant to provide innovative educational programs focused on STEM (science, technology, engineering, and math) learning in eastern South Dakota.

Arrow Education Foundation: $5,000Watertown, SDUp With People Program

Baltic Athletic Association: $5,000Baltic, SDBaseball Field Upgrades

Black Hills Special Services Cooperative: $10,000StatewideSouth Dakota Online Textbook Project

Boys & Girls Club of Aberdeen Area: $15,000Aberdeen, SDADA Compliance Upgrades

Casey Tibbs South Dakota Rodeo Center: $2,000Fort Pierre, SDSteel Western Silhouette Statues

Children’s Home Society of South Dakota: $10,000Sioux Falls, SD “What If” Card Project

DakotAbilities: $5,000Sioux Falls, SDLongfellow Center Renovation Project

Diamond Willow Ministries: $10,000Fort Thompson, SDTokata Youth Center Programs

Fitness on Main, Inc.: $7,500Burke, SDCommunity Health Grant Program

Friends of Levitt Shell Sioux Falls: $2,000Sioux Falls, SDFeasibility Study

Friends of South Dakota Public Broadcasting: $10,000StatewideMobile Production Unit

Girl Scouts-Dakota Horizons: $5,000StatewideGirl Scout Leadership Experience Program

Good Shepherd Clinic, Inc.: $5,000Spearfish, SDEmergency Dental Care Program

Goodthinking 4 All Our Relations: $10,000St. Francis, SD A Brighter Future Program

Gregory Community Services, Inc.: $10,000Gregory, SDWear ‘N Wares Thrift Store & Food Bank

Harrisburg Baseball Association: $5,000Harrisburg, SDBaseball Field Upgrades & Improvements

Hope Reins Equestrian Outreach: $2,100Baltic, SDEquestrian Therapy

HorsePower: $5,000Sioux Falls, SDScholarship Program for Therapeutic Riding

South Dakota Fund Grants Awarded

Page 5: 2015 Fall Newsletter

Page 5 PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842

Hot Springs School District: $3,340Hot Springs, SDLakota Language Study Materials

Izaak Walton League of America-Sunshine Chapter: $10,000Pierre, SDTrap Range Upgrades

Lakota Language Consortium: $5,000StatewideLakota Language Handbook

North Middle School Student Council: $10,000Rapid City, SDWorld Strides Educational Program

OAHE, Inc.: $10,000Pierre, SDChildcare Center Playground Equipment

Partnership Rapid City: $10,000Rapid City, SDTeen Up Program

REALTORS® for Kids, Inc.: $3,000Spearfish, SDMedical Needs for Children

Red Cloud Indian School, Inc.: $10,000Pine Ridge, SD Lakota Culture Out-Of-School Activities

Sertoma Butterfly House & Marine Cove: $6,000Sioux Falls, SDCapacity Building Plan

Sioux YMCA: $10,000Dupree, SDCommunity Garden & Long Term Volunteer Program

South Dakota STARBASE: $5,000StatewideSTARBASE Program

Special Olympics South Dakota: $10,000StatewideProject UNIFY Support

Spirit of the Hills Wildlife Sanctuary: $5,000

Spearfish, SDAnimal Care Project

The Mammoth Site of Hot Springs, SD, Inc.: $5,000

Hot Springs, SDSummer Recreational Programs

Thunder Valley Community Development: $10,000

Porcupine, SDSustainable Agricultural Demonstration Farm & Education Center

United Way of Northeastern South Dakota: $5,000

Aberdeen, SDRachel’s Challenge Program

Warriors Never Give Up: $2,500

Brandon, SDHunting Adventures Program

Western Resources for Independent Living: $5,000

Rapid City, SDHome Modification Program

In 2015, the South Dakota Community Foundation launched the Nonprofit Savings Account program to challenge nonprofit organizations to build endowment dollars that will provide consistent funding for perpetuity.

Through a competitive application process, the SDCF grantmaking committee selected five nonprofits to receive a $20,000 challenge grant.

The organizations include: • Allied Arts Fund (Rapid City) • Boys & Girls Club of the Capital Area (Pierre) • Sioux YMCA (Dupree) • South Dakota Humanities Council (Brookings) • Teen Challenge of the Dakotas (Brookings)

Each organization will have three years to raise $80,000 to receive the $20,000 challenge grant from the SDCF. The funds will create a $100,000 endowment fund at the SDCF.

“The Allied Arts Fund is thrilled to receive the Nonprofit Savings Account Challenge grant,” says Gigi Lage, executive director of Allied Arts Fund. “The Nonprofit Savings Account at the South Dakota Community Foundation will help us establish a trusted source of funding and an investment in the future of our arts organizations.”

Application information for next year’s Nonprofit Savings Account challenge grants will be available online after January 1, 2016.

Partnering with Nonprofits

Page 6: 2015 Fall Newsletter

PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842Page 6

In partnership with the Bush

Foundation, the South Dakota

Community Foundation will award

a total of $400,000 in three rounds

in 2015 to nonprofits leading the

way in community innovation. The

Community Innovation Grant program

encourages communities to use

problem-solving processes that lead

to more effective, equitable and

sustainable solutions.

During the first round of applications,

the SDCF received 28 applications

totaling nearly $270,000. In round two,

the SDCF received 38 applications

totaling almost $330,000. The SDCF

awarded a total of 29 grants in both

rounds to organizations totaling over

$130,000 in each round. Round

three opened on September 1 and

closed on September 30. Round

three recipients will be announced

mid-December.

Community Innovation Grants will also

be awarded in 2016. The first round

will open for applications on January

15. For more information on the

Community Innovation Grant program,

contact us at 800.888.1842 or at

SDCommunityFoundation.org.

2015 Round One Grant Recipients:Badlands/Bad River Economic Development Partnership: $10,000Haakon, Jackson and eastern Pennington Counties“Stronger Economies Together” - Brand Recognition

Cheyenne River Youth Project: $10,000Eagle Butte, SDTeen Internship Program

Crisis Intervention Shelter Service, Inc.: $10,000Sturgis, Faith, Buffalo, Union Center, the Ellsworth area and Summerset, SDFocus Groups Hosting

EmBe: $10,000Sioux Falls, SDResearch, Creation & Facilitation of a Childcare Workforce Development Alliance

Crisis Intervention Shelter Service, Inc.: $10,000 Community Innovation Grant

Pictured are (left to right): Beth Benning, SDCF board member; Tammie Brock, Crisis Intervention Shelter Service, Inc. director; Ginger Niemann, SDCF program officer; and Beth Massa, SDCF West River development & program officer.

The organization will use the grant to conduct focus groups, meet with existing organizations and create educational information to enhance service delivery aimed at eliminating domestic and sexual violence in Sturgis, Faith, Buffalo, Union Center, Summerset and the Ellsworth Air Force Base area.

Goodthinking 4 All Our Relations: $10,000St. Francis, SDA Brighter Future Project

Greater Huron Development Corporation: $10,000Huron, SD Huron’s Workforce Development Initiative

Greening Vermillion: $9,250Vermillion, SDVision for a Sustainable & Desirable Vermillion Project

Hoven Area Community Foundation: $10,000Hoven, SDCommunity Study

Lutheran Social Services of South Dakota: $10,000Sioux Falls, SDFunctional Family Therapy Pilot Program

Community Innovation Grants Awarded

Page 7: 2015 Fall Newsletter

Page 7 PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842

Round One Continued:Oahe, Inc.: $10,000Pierre, SDExtended Hours Childcare Center Development

Parents Matter Coalition of Pierre/Fort Pierre: $8,000Pierre/Fort Pierre, SDAnti-Bullying Mass Media Campaign

South Dakota Diabetes Coalition: $10,000StatewideVirtual Nurse Program

Special Olympics South Dakota: $10,000Sioux Falls, SDProject UNIFY

West River Foundation: $10,000Bennett, Butte, Custer, Fall River, Harding, Lawrence, Meade, Oglala Lakota, Pennington, and Perkins CountiesCommunity & Economic Development Engagement Plan

2015 Round Two Grant Recipients:Allied Arts Fund: $10,000Rapid City, SDArts Education Initiative

Bridge Flandreau: $8,000Flandreau, SDGuided Discussion Series

Great Plains Tribal Water Alliance: $9,487Statewide Indian ReservationsTribal Water Resources Project

Lead Area Chamber of Commerce: $10,000Lead, SDUnited Brand/Image for Lead Development

Native Youth Leadership Alliance: $10,000StatewideFellowship Program

Northeast South Dakota Area Health Education Center: $5,000StatewideSouth Dakota One Health Meeting

PAST Foundation: $10,000StatewideTeacher Corps Addressing Challenges Facing SD Education

Rapid City Arts Council: $10,000Rapid City, SDArt Focused Diversion Program

South Dakota Native Homeownership Coalition: $10,000Pine Ridge Indian ReservationNative Community Site Visit

South Dakota Youth Foundation: $10,000StatewideHealthy Living Program

Southern Hills Economic Development Corporation: $10,000Hot Springs, SDCommunity Engagement Project

St. Francis Mission Foundation: $10,000St. Francis, SDSapa Un Academy

Tallgrass Recovery & Sober Living Homes: $2,000Sioux Falls, SDJoe Foss Art Show Project

University of South Dakota: $10,000Sioux Falls, SDPortable Crib Project

Vermillion Downtown Cultural Association: $10,000Vermillion, SDSaving the Theaters Focus Groups

ProgressDepends on

YOU

We are thankful for the generosity of South

Dakotans. The donations we receive each month are evidence of the

commitment of South Dakotans to making our

state a better place.

1,533

$7,561,000.

From April 1 through September 30, 2015,

gifts were received totaling

Page 8: 2015 Fall Newsletter

PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842Page 8

New SDCF Funds

Bruce & Darleen Bakken Scholarship Fund – To provide financial support to graduates of Platte-Geddes High School pursuing a degree in agriculture.

Roger Butters Band Scholarship Fund – To provide financial support to graduates of Oldham-Ramona and Rutland continuing their education in music.

Doland Community Foundation – To provide financial support to charitable and nonprofit purposes in the Doland area at the recommendation of a local Board of Directors.

Friends of the North Sioux City Community Library Fund – To provide financial support to Friends of the North Sioux City Community Library.

Marcia K. (Pranger) Hall Memorial Scholarship Fund – To provide financial support to one graduate of Wagner Community High School and one graduate from Platte- Geddes High School.

Hoven High School Foundation – To provide financial support to Hoven High School as designated by the donor.

Leadership Endowment Fund – To provide financial support to charitable and nonprofit purposes as recommended by the South Dakota Community Foundation Board of Directors.

MHS STEM Scholarship Fund – To provide financial support to the Madison Central School Educational Foundation as designated by the donor.

The Performing & Fine Arts Fund – To provide financial support for the performing arts program within the Madison Central School District as designated by the donor.

Jesse Root Memorial Fund – To provide financial support to Winner High School at the recommendation of the Winner Quarterback Club as designated by the donor.

Rural Lawyer Recruitment Fund – To provide financial support to the Rural Lawyer Recruitment project of the South Dakota Bar Foundation.

Gerald M. & Mary Sletten Fund – To provide financial support to charitable and nonprofit purposes in the Bristol area at the recommendation of a local Board of Directors.

Stanley County Wrestling Facility Fund – To provide financial support to Stanley County Wrestling Facility project.

Webster Class of 1989 Fund – To provide financial support to Webster Alumni Foundation as designated by the donor.

June Wilkinson Scholarship Fund – To provide financial support to graduates of Hot Springs High School who have excelled as a musician either instrumental or vocal.

Marvin Wilkinson Scholarship Fund – To provide financial support to graduates of Hot Springs High School who excelled in science either biology, chemistry or physics.

Yankton Kiwanis/Don Modereger Yankton High School Math & Science Fund – To provide financial support to Yankton High School math and science department as designated by the donor.

John Zilverberg Scholarship Fund – To provide financial support to graduates of Hyde County.

At a Glance

F i n d a FUND

You can search our full list of funds online at:

SDCommunityFoundation.org/Funds

(Created April 1, 2015 through September 30, 2015)

The South Dakota Community Foundation manages more than

750 funds.

Page 9: 2015 Fall Newsletter

Page 9 PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842

Please visit:SDCommunityFoundation.org/DonorList

to view a complete list of donors from April 1, 2015 to September 30, 2015. Thank you to our donors for your continued support.

Each year, growth is our goal. We aim to grow the funds we manage and the opportunities we provide, so communities and organizations can flourish. The graphs below show how the SDCF is impacting South Dakotans through managing gifts from donors and distributing grants to benefit nonprofits across the state.

At a Glance

Donor Impact

Grants Distributed

As of September 30.

Foundation Flashback: 1994

Miller Area Community FoundationIn this section of our newsletter, we take a look into the SDCF archives to remember notable moments from our history. This issue’s Foundation Flashback focuses on the Miller Area Community Foundation. With a gift of $125,000 in June 1994, Jim Hart, on behalf of the board of the Hand County State Bank, gave the first gift to establish a Community Savings Account in Miller, also known as the Miller Area Community Foundation.

Twenty-one years later, that original gift has grown to more than $875,000 and will soon exceed $1 million after a current fundraising challenge is complete. The Mi l ler Area

Community Foundation has also given out a total of more than $350,000 in grants to benefit local nonprofits.

In 1994, the first board of directors included Faith Cahalan, Tip Sisk, Nini Hart, Sam Goodhope, Bobbi Heidepriem and Larry Hurd. The 2015 board of directors includes Rob Mullaney, Sandy Werdel, Nini Hart, Dan Coss, Terry Augspurger, Dawn Joy, Clayton Werdel, Betty Jo Welch and Tiffany Hofer.

Congratulations to the Miller Area Community Foundation on an incredibly successful 21 years! To donate to the Miller Area Community Foundation visit, SDCommunityFoundation.org/csa/miller-area-foundation.

Page 10: 2015 Fall Newsletter

PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842Page 10

Donating Commodities Through the SDCFFall harvest is upon us in South Dakota and tax season is also just around the corner. For many farmers and ranchers, tax bills can be reduced by donating

crops or cattle to the South Dakota Community Foundation to benefit charities.

In fact, gifting commodities to the SDCF can yield a greater tax benefit than making a cash gift. Cash contributions are deductible only when you itemize deductions from adjusted gross income. Since many farmers and ranchers do not itemize deductions, many producers can reduce their income by the gifted amount and still deduct the production cost of the gifted commodity, which may result in a reduction of self-employment and federal income tax.

How it Works1. Consult your tax professional before making the gift. 2. Gift the commodity to the SDCF after harvest

through a deed of gift or bill of sale. Commodity gifts should come from unsold inventory with no prior sale commitments.

3. Select the specific fund held by the SDCF you’d like to support. You can also gift the commodity to the South Dakota Fund, which benefits South Dakotans in the areas of economic development, human services, health, education and cultural programs.

4. The SDCF will then sell the commodity and distribute the gift through grant awards to nonprofits.

A Harvest Partner: Vern RauschIn 2011, community leaders in Hoven decided to create a Community Savings Account with the SDCF. The SDCF challenged Hoven to raise $100,000 in order to receive a matching grant of $25,000. After Plains Commerce Bank donated a large portion of the challenge, it was up to Hoven residents to do the rest.

Vern Rausch, a farmer and rancher from west of Hoven, stepped up to the challenge along with other members of his family and created the William Rausch Family Memorial Fund, an unrestricted sub-fund of the Hoven Community Foundation. This fund ensures grants will be distributed in the name of the Rausch family in perpetuity. The fund was originally established with a family gift of 2,253 bushels of oats and other gifts from community members. Vern and his wife Sharon contributed 851 bushels.

“Gifting commodities is an easy process, especially in Hoven,” says Vern Rausch. “Commodity gifting cards are available at the local elevator where the donor can gift the commodity before the sale. That allows the farmer/

rancher to avoid the sale of the commodity as income and still deduct the cost of producing the commodity in most cases.”

“These funds are perfect for matching challenges,” says Rausch. “If you are not in a position to sell the grain right away, you can avoid paying storage fees at the elevator. That

can really eat up the value of your grain. It is just a convenient and simple way for us to give back.”

Gift Type Spotlight: Commodities

It is just a convenient and simple

way for us to give back.“”

Get StartedOur expert staff at the South Dakota Community Foundation can walk you through the advantages of donating commodities to benefit nonprofits. Your individual circumstances are unique; therefore, you should always consult your tax professional before making any gift. Please contact us at 800.888.1842 or [email protected] with any questions.

Page 11: 2015 Fall Newsletter

Page 11 PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842

A group of community leaders established the

Faulkton Area Foundation in 2014 and accepted a

challenge from the SDCF to raise $200,000. In return,

the SDCF will provide a $50,000 grant to kick start the

Community Savings Account (CSA). In just 10 months,

the Faulkton Area Foundation has already raised over

$45,000.

Troy Hadrick, president of the Faulkton Area

Foundation, shares more about the group’s fast start

and future goals below.

Q: Why is raising $200,000 to establish the Faulkton

Area Foundation important for the community?

A: The Faulkton community has invested countless

man-hours over the last several years to determine

what needs we have that aren’t being addressed.

Many of the priorities that came about from those

discussions were financial. That’s when we started

investigating our options to start a community savings

account. This vehicle gives our residents, businesses

and alumni the opportunity to have their donations

build over time and provide needed funding well into

the future.

Q: What does your early success say about the

community of Faulkton?

A: Our community has always been very generous

when it comes to funding special projects. So when it

came time for our newly formed foundation board to

set a fundraising goal, there was no doubt in our mind

that we would be successful. Our community motto is

“We Believe in Possible,” and it shows in the things

we accomplish.

Q: What challenges exist for the Faulkton Area

Foundation as you progress to year two?

A: We are working to help our residents learn more

about how they can support our foundation through

gifts left in their estates. It can be an intimidating

process, but with the help of the South Dakota

Community Foundation and local financial experts, we

hope to show people how simple it can be to leave a

lasting legacy on their community. Along with that, we

continue to work on new and innovative ways to keep

our local foundation growing.

Q: How important has it been to the Faulkton Area

Foundation to have a quality board of directors?

A: We have a fantastic group of people on our local

board. Our goal was to create a board that reflected

the make-up of the community, and we were fortunate

to have key people step up and commit. Anytime you

start something new it takes a lot of time and legwork

to achieve success. Because our board consists of

highly-respected community members who are

willing to think big and work hard, we’ve seen their

enthusiasm rub-off on our residents.

Q: What possible grant opportunities has the board

discussed supporting in Faulkton?

A: As with most small rural communities there’s no

shortage of projects that would really benefit from

our grants. For example, we recently started an

after-school program, we’re considering building

walking trails through the community, as well as the

continuing need of local programs like 4-H. All of these

and several others contribute to the quality of life in

our area, and we are excited about helping support

projects like these in the near future.

Q: What should Faulkton residents know about

this foundation?

A: The money they donate will go to work making

more money. Our board has agreed that we won’t

spend any of the principal, only the interest that’s

generated. That way your donations will continue

to provide grants for generations to come and for

projects that we can’t even foresee today.

CSA Success: Faulkton

Pictured are the Faulkton Area Foundation Board of Directors (left to right): Kevin Deiter, Troy Hadrick, Dwight Hossle, Lisa Mueller, Dale Melius, Lori Holt, and Randy Tisher

Page 12: 2015 Fall Newsletter

PO Box 296 • Pierre, SD 57501800.888.1842

[email protected]

SDCF Board of Directors

SDCF StaffFor a complete listing of SDCF staff please visit:

SDCommunityFoundation.org/Staff

Chair

John Porter

Vice Chair

Jeff Erickson

Secretary

Stephanie JudsonSDCF President

Treasurer

Curt Wischmeier

Karl AdamDavid AndersonBeth BenningBruce BrandnerJanet B. CroninKathy GundersonCharles HartJim HartMarilyn Hoyt

Al KurtenbachDeanna LienKeith MooreTrudy MorganAnita NachtigalStanley PorchNorbert SebadeDoug Sharp

Members

The mission of the South Dakota Community Foundation is to promote philanthropy, receive and administer charitable gifts and invest in a wide range of programs promoting the social and economic well being of the people of South Dakota.

Our Mission


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