Fargo-Moorhead Area Foundation T
he mission of the Fargo- Moorhead Area Foundation is to enrich the quality of life of the people of this area by: • Encouraging philanthropy • Assessing and responding to community needs • Providing flexibility for donors with varied interests and giving capacities • Serving as a resource and a catalyst for other organizations
2013-2014 Board of Directors • Joan Justesen, Chair • Corey Elmer, Immediate Past President • Carol Schlossman, Vice-Chair • Dorwin Marquardt, Treasurer • Laine Brantner, Secretary • Tom Dawson • Bruce Furness • Thomas Jefferson • Dr. Joel Jorgenson • Morrie Lanning • Matthew Mohr • Tom Schaffer • Neil Jordheim, Trustee Representative Foundation Staff Tim Beaton, JD Executive Director Patty Mastel, CPA Finance Director Sheila Harris Development Officer Cher Hersrud Program Officer Lexi Oestreich Administrative Assistant
Confirmed in Confirmed in Compliance Compliance with withNational NationalStandards Standardsfor for U.S. Foundations U.S. Community Community Foundations
March 2014
A Voice on a Local Level The first decade of the last century saw a number of revolutions. None had a more lasting positive impact on humanity then the one began on January 2, 1914 by Frederick H. Goff. On that date Goff started the Cleveland Foundation, the first community foundation in the world. Goff, who ironically was a good friend of John D. Rockefeller, Sr., developed the concept in response to the formation at that time of large private foundations like the ones Rockefeller and Andrew Carnegie created from pools of their industrial wealth. The theory, and a good one, was that community foundations would do at a local Tim Beaton level what private foundations were doing nationally, but Executive Director to do so in an open and transparent way with the public given a voice in how the grants were disbursed. Today there are over 750 community foundations in the United States and 1,750 worldwide. In 2012, community foundations nationally held an estimated $58 billion in assets and delivered grants back to their communities of over $4.5 billion. The FM Area Foundation, started in 1960, is proud to be a part of this continuously growing grass roots philanthropy. We concluded the year 2013 with over $65 million in assets and distributed over $1,500,000 in grants. In our 53 year history, through the generosity of our donors, we have given back to this community over $36 million. We thank our donors, both past and present, for their commitment to Frederick Goff’s amazing vision. Together we make the FM Area a better place to live and grow.