Pierre ––Five South Dakota organizations have been selected to be a part of the South Dakota Community Foundation (SDCF) Nonprofit Savings Account program. The five organizations chosen from a competitive selection process include: Black Hills Works, Boys & Girls Club of Aberdeen Area, Boys & Girls Club of Rosebud, Children’s Home Society and the South Dakota Discovery Center.
“By partnering with supporters of local nonprofits to build endowment funds, we are helping provide consistent funding for years to come”, said Stephanie Judson, President, South Dakota Community Foundation. “The South Dakota Community Foundation remains committed to strengthening nonprofits in our state.”
The Nonprofit Savings Account program aims to be a catalyst for nonprofit, longterm sustainability through the establishment of endowment funds. Each organization will receive a $20,000 challenge grant from the SDCF after raising $80,000 from supporters in a two-year period. The combined funds will establish a $100,000 endowment fund at the SDCF. The funds will be invested and overtime earnings will create a long-term revenue source to support each organization.
When asked what impact this program would have on their nonprofit, Rick Weber, Development Director, Children’s Home Foundation responded, “Each passing year, the mission of Children’s Home Society becomes more reliant on charitable support to offset the funding portion that is not available through government resources. Building endowment to keep our programs going, so we can serve all the children and families who need our services is so very important. We are very grateful for the partnership with the South Dakota Community Foundation through their nonprofit savings account program. Children and families for generations to come will benefit from this terrific support.”
The fundraising period for each organization will span from October 1, 2017 until September 30, 2019. To help any of these organizations reach its goal with a donation, please visit SDCommunity-Foundation.org/NSA. The Nonprofit Savings Account program was created in 2015. Nonprofits can find out more about applying to the program at the above link.
About the Recipients
Located in Rapid City, SD Black Hills Works provides quality, person-centered services and supports to people with disabilities. They serve more than 600 individuals ages 16 and older with intellectual and developmental disabilities in the Black Hills.
The Boys & Girls Club of Aberdeen Area exists to serve the youth of their area. The organization’s mission is: To enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens. They provide an environment where members can achieve a positive self-identity, a healthy lifestyle, a strong character, educational success and social competency.
Boys & Girls Club of Rosebud exists to empower all young people to reach their full potential as productive, caring, responsible citizens. They believe the key to transforming communities is empowering the potential of its youth. They are a center based, mentoring focused youth program located in Mission on the Rosebud Reservation.
The Children’s Home Society in Sioux Falls primarily serves victims of child abuse and domestic violence. Programs include emergency shelter, residential treatment, special education, forensic interviews, foster care and adoption services, and prevention services statewide. In addition to serving victims of domestic violence and child abuse, CHS partners with caring parents to help children with emotional or behavioral needs.
The South Dakota Discovery Center in Pierre provides science opportunities that spark exploration and new discovery for students, educators and families statewide. Nearly 80,000 people benefit from their exhibits, workshops, teacher trainings and traveling programs annually.
About the SDCF
Since 1987, the South Dakota Community Foundation has helped people reach their philanthropic goals and strengthened communities across the state. The SDCF administers approximately $275 million in total assets for over 800 funds. By commingling endowed assets, the SDCF gives its partners enhanced investment opportunities that provide long-term support to charitable causes. In 2016, the SDCF distributed more than $12.9 million in grants from all funds. For more information, visit SDCommunity-Foundation.org.
CONTACT: GINGER NIEMANN, PROGRAM OFFICER, email@example.com, (605) 224-1025