Milestone MetOctober 7, 2020
The South Dakota Community Foundation congratulates the South Dakota Discovery Center on recently raising $80,000 for their organization from supporters over a two-year period. The organization was rewarded for their efforts with an additional $20,000 challenge grant from the South Dakota Community Foundation (SDCF). The combined funds resulted in the establishment of a $100,000 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.
“Although the Discovery Center has been around for over 30 years, we have had some scary times, thinking we would have to close for good,” said Dr. Rhea Waldman, Executive Director, South Dakota Discovery Center. “We are not sustained by permanent funding; but are constantly applying for grants and finding ways to support our work. The $100K endowment with the South Dakota Community Foundation is a critical step for us in building a more sustainable future for our organization and enabling us to support kids and educators across the state through hands-on education. I am humbled and grateful that we were able to reach this milestone and want to thank everyone for their support.”
“The South Dakota Community Foundation is committed to strengthening nonprofits in our state through the power of endowment,” says Stephanie Judson, SDCF president. “The Nonprofit Savings Account (NSA) program allows the SDCF to bolster fundraising efforts that build endowment funds, which help nonprofits thrive today and long into the future. We congratulate all those involved in helping the South Dakota Discovery Center successfully meet this challenge.”
Donations to this existing South Dakota Discovery Center 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 the Discovery Center. As the fund grows, so will the amount available to give back to the Center. If you would like to donate to the Center’s fund, please visit https://sdcommunityfoundation.org/for-advisors/existing-funds/south-dakota-discovery-center-designated-fund/
About this Nonprofit
Founded in 1989 as a state Centennial project, the South Dakota Discovery Center is housed in an historic building that used to be the power plant for the city of Pierre. The Center is dedicated to the provision of hands-on science learning through their exhibit hall, classes for children and families and resources for educators and youth program leaders in order to increase science literacy.
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://sdcommunityfoundation.org/for-nonprofits/nonprofit-savings-accounts/
About the SDCF
The SDCF is a public non-profit organization established in 1987. SDCF, with offices in Pierre, Rapid City, Sioux Falls and Aberdeen administers over 980 funds benefiting hundreds of charitable organizations annually. The Foundation distributed nearly $18 million in grants in 2019 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/for-donors/ to learn more or call 1-800-888-1842.