Staying on TrackSeptember 22, 2022 // Nonprofit Savings Accounts
“We are proud to partner with the South Dakota State Railroad Museum to create a source of permanent funding for them through our Nonprofit Savings Account challenge grants.”Ginger Niemann, SDCF Senior Program Officer
The South Dakota State Railroad Museum was established in 1994 for the purposes of preservation, education, and promotion. The South Dakota State Railroad Museum 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 South Dakota State Railroad Museum 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 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 South Dakota Railroad Museum fund, please visit the fund's donation site.
About this Nonprofit
The South Dakota State Railroad Museum, Ltd. Is a 501c3 non-profit organization established to develop and operate a railroad museum which will serve as a central location from which to collect, interpret, preserve, and display any and all objects, documents, photographic images, and artwork related to the various railroads that operated in the region now known as South Dakota, and to use any and all of these items to educate and inform the public of the vital role of railroads in South Dakota’s history in the past, present, and future. Learn more at https://www.sdrm.shop/contact.html
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.