Faulkton Area Foundation Meets Challenge to Receive $50,000
17 Sep 2020
The Faulkton Area Foundation has received a $50,000 matching grant from the South Dakota Community Foundation (SDCF). The foundation board and its stakeholders were recently successful in completing their challenge of raising $200,000. Because of many donors and SDCF’s matching grant, over $250,000 is permanently held at SDCF for the benefit of local charitable causes.
“Thanks to many generous individuals, we have met our challenge,” said Troy Hadrick, President of the Faulkton Area Foundation. “Our board is so grateful to the community for your donations and looks forward to supporting nonprofit projects in the area for years to come.”
The Faulkton Area Foundation accepted the challenge in 2015. The fund is a permanent endowment with SDCF and managed by a local board of directors.
“We are proud to partner with the Faulkton Area Foundation to create a sustainable funding source for nonprofit organizations in the area,” said Jamie Farmen, Community Development Coordinator for SDCF. “This fund will provide a vehicle for current, past and future residents of the community to give back to their hometown.”
Donations to the Faulkton Area Foundation will be invested along with other SDCF endowed funds. A percentage of the fund’s value is made available annually for the local board of directors to distribute to charitable and nonprofit causes in the area. As the fund grows, so will the annual amount available to give back to nonprofit groups and organizations making a difference in the Faulkton area.
To find out more or to donate, please visit https://sdcommunityfoundation.org/csa/faulkton-areafoundation/.
Faulkton Area Foundation Board of Directors: Troy Hadrick - President; Randy Tisher – Vice President; Lisa Mueller - Secretary; Dwight Hossle - Treasurer; Alicia Hammond; Kevin Deiter; Roxanne Bossly. Faulkton Area Foundation and South Dakota Community Foundation Bringing philanthropy to life for a stronger South Dakota.
Courtesy of The Faulk County Record