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History

History. Established in 1987 as part of Gov. George S. Mickelson’s vision for the State of South Dakota Created to memorialize South Dakota native William L. McKnight Funded by challenge grants from the McKnight Foundation and 3M Corporation. Today. Total assets exceed $85 million.

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History

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  1. History Establishedin 1987 as part of Gov. George S. Mickelson’s vision for the State of South Dakota Createdto memorialize South Dakota native William L. McKnight Fundedby challenge grants from the McKnight Foundation and 3M Corporation

  2. Today Total assets exceed $85million. Nearly $30 million in grants have been awarded to charities and nonprofits. Through continued generosity and solid investment returns, the people of South Dakota will benefit for generations.

  3. Foundation: Legal entity IRS recognized Reporting requirements Endowment: Managed Fund a new fund the South Dakota Fund Foundations vs. Endowments

  4. Services Estate planning services are available at no cost or obligation to the donor. SDCF sells philanthropy— not products or policies We are simply a vehicle to help others give back to society and accomplish their charitable goals.

  5. Types of Funds • Donor Advised Funds: Donors reserve the right to recommend agencies to be considered for grants. The Christen Hohm Lusk Greater Huron Area Foundation provides financial support for charitable and non-profit purposes in Huron and the surrounding area.

  6. Types of Funds 2) Designated funds: Benefit specific charitable institutions named by donors. The income from the Larson Family Foundation Childcare Fund is used to support operations of the Child Development Center and United Retirement Center in Brookings, SD. Types of Funds

  7. Types of Funds 3) Agency Endowment Funds: Non-profit agencies benefit from the investment returns and management expertise of the SDCF. The Abbott House Foundation provides funding for Abbott House, Inc., a residential treatment facility for girls in Mitchell.

  8. Types of Funds 4) Scholarship Funds: Benefit South Dakota high school graduates pursuing higher education opportunities. The G.A. & Pearl Ann Johnson Memorial Scholarship Fund provides educational scholarships to students in Montrose, Pierre and Fort Pierre.

  9. Types of Funds 5) South Dakota Fund: Benefits a variety of organizations working to meet the state’s most pressing needs today and tomorrow. Organizations such as Junior Achievement, a program where local professionals teach students financial responsibility, receive support from the South Dakota Fund.

  10. Types of Funds 6) Community Savings Accounts (CSA): Benefit a specific community or region of South Dakota. The Miller Area Foundation is a successful and active CSA member with an endowment of nearly $500,000.

  11. Types of Funds 7) Field of Interest Funds: Benefit areas of interest, specific issues, populations or geographic areas without identifying individual organizations. The Native American Education Fund established by Lois Irwin will perpetually generate earnings to financially support Native American education in South Dakota. The Native American Education Fund

  12. South Dakota Community Foundation

  13. SDCF Guidelines • Funds must be invested for one year to be eligible for valuation. • All funds are valued as of Dec. 31 of each year and are available for distribution the following year. • The annual grant making distribution is up to 5% of average fair market value of the total endowment, which is computed based on a sixteen quarter trailing average.

  14. Average Rate of Return: Last 15 years: 6.25

  15. A $100,000 Fund= .15% of the entire endowment pool

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