1 minute read

Community Savings Accounts A Lasting Community Impact

SDCF has partnered with 87 communities across South Dakota to establish Community Savings Accounts (CSA). A CSA provides current, past, and future residents with the opportunity to give back to the town they call home.

With SDCF’s careful investment, a CSA will continue to grow and support annual awards and grants in perpetuity, ensuring the town continues to thrive for years to come. CSA Advisory Councils, comprised of local leaders, make distribution recommendations regarding the funds held by SDCF. These leaders direct fundraising efforts and channel available funds to where they are most needed. With local involvement, the money raised in the community stays in the community.

Advertisement

Menno-Olivet

*

Challenges Met

• Harding County Community Foundation

New Challenges Offered

• First Fidelity Bank Tripp County Community Foundation

• Hill City Area Community Foundation

• Menno-Olivet Community Foundation

• Mobridge Area Community Foundation

• Oacoma Chamberlain Pukwana Area Foundation

• Wolsey Community Foundation

2023 CSA accomplishments *includes sub-fund assets.

• Total donations to CSAs exceeded $3.5 million.

• Warner Area Community Foundation

Ongoing Challenges

• Aberdeen Area Community Foundation

• Arlington Community Foundation

• Armour Community Foundation

• First Fidelity Bank Burke Community Foundation

• Willow Lake Area Community Foundation

• CSAs awarded nearly $1.9 million through over 570 grants to nonprofit organizations in their communities.

• Endowed assets supporting South Dakota communities through CSAs reached over $51 million.

• Because of many generous donors, Avera Health, the Farrar, Jones, Lillibridge and Miller families and the South Dakota Fund, nearly $1.5 million in CSA matching challenge funds have been distributed since the beginning of the CSA program.