Looking at the Long-Term | South Dakota Community Foundation

Looking at the Long-Term

January 31, 2022 // Grants, Nonprofit Savings Accounts

It has always been the goal of the Foundation for a significant portion of the Foundation’s funds to be endowed, and the SDCF offers everything we need to accomplish that.

Adam Hansen, President, Redfield School Foundation Board of Directors

The Redfield School Foundation (RSF) was established in 2003 to provide a permanent source of financial support to Redfield Public Schools. The Redfield School Foundation accepted a challenge to raise $80,000 for their organization from supporters over a two-year period. If successful, the organization would be rewarded for their efforts with an additional $20,000 challenge grant from the South Dakota Community Foundation (SDCF). The combined funds would result in the establishment of an endowment fund at the SDCF for this nonprofit. Funds will be invested overtime and earnings will create a long-term revenue source to support the organization. The organization has met this challenge through well-orchestrated fundraising efforts and generous, supportive donors.

“We are proud to partner with the Redfield School Foundation to create a source of permanent funding for them through our Nonprofit Savings Account challenge grants”, said Ginger Niemann, Senior Program Officer, SDCF. “We congratulate everyone who was involved in helping them meet the challenge.”

Donations to this existing Redfield School Foundation endowment fund are invested along with other SDCF endowed funds. A percentage of the fund’s value is made available annually for their organization to distribute to support the mission of their Foundation. As the fund grows, so will the amount available to give back to this nonprofit. If you would like to donate to the Redfield School Foundation fund, please visit https://www.sdcommunityfoundation.org/giving/support-an-existing-fund .

About this Nonprofit

The Redfield Public Schools Foundation is an independent, tax-exempt nonprofit organization that supports the Redfield Schools in two ways. They make grants to school staff for projects that meet priorities established by the board of directors and raise funds to meet capital needs. Learn more at https://www.redfield.k12.sd.us/Page/96

The South Dakota Community Foundation’s Nonprofit Savings Account program was created in 2015. Applications are accepted throughout the year online. Nonprofits can find out more about this program and how to apply at https://www.sdcommunityfoundation.org/grants/nonprofit-savings-accounts

About the SDCF

SDCF is a public non-profit organization established in 1987. SDCF, with offices in Pierre, Rapid City, Sioux Falls and Aberdeen administers over 1,100 funds benefiting hundreds of charitable organizations annually. The Foundation distributed nearly $18 million in grants in 2021 which made a tremendous difference in communities statewide. This would not have been possible without the generosity of our donors. If you have a specific cause you would like to support or would prefer to give for the general good of our state, please visit https://sdcommunityfoundation.org/giving to learn more or call 1-800-888-1842.