COMMUNITY SAVINGS ACCOUNTS
Fund Types 1,056 FUNDS
|
$570 MILLION
The South Dakota Community Foundation consists of more than 1,050 funds that hold a combined total of approximately $570 million. Each fund type allows a community, donor or nonprofit to accomplish their desired goals. See which fund type best fits your charitable intentions. The percentages listed reflect the portion of total SDCF assets each fund type represented as of December 31, 2020.
Give community members a way to support basic needs and enhance the quality of life in their hometown. A local advisory council raises funds and distributes grants in the community. The community of Huron has created a legacy for their area in partnership with local families. Read more on page 51.
SCHOLARSHIP FUNDS
44%
Benefit specific charitable organizations selected by the donor. With a designated fund, you can support organizations that are important to you for generations.
DONOR ADVISED FUNDS
28%
Allow donors maximum flexibility with their giving. Each year, donors recommend nonprofit organizations to receive grants. Donors can also name successor advisors to continue the giving tradition or designate the organizations they would like to receive benefits beyond their lifetimes. Find out how a couple partnered with SDCF to create a donor advised fund to establish a long-term funding source for nonprofits they care about on page 12.
AGENCY ENDOWMENT FUNDS
11%
Create a long term funding source to support nonprofit organizations. Learn more about our Nonprofit Savings Account challenge recipients on page 38.
6
5%
Benefit South Dakota high school graduates pursing higher education. As a scholarship fund holder, you will set the focus of the scholarship and application parameters. The SDCF will handle all the paperwork necessary to comply with federal regulations and issue the scholarship checks.
SOUTH DAKOTA FUND DESIGNATED FUNDS
8%
3%
Help meet the diverse and vital needs of people across the state in the areas of culture, economic development, education, health and human services. Donors can establish a named fund within the South Dakota Fund to honor their family forever. The SDCF Board of Directors selects grant recipients throughout the year based on a competitive grant selection process. During the pandemic, SDCF repurposed all grant making from the South Dakota Fund to respond to pandemicrelated needs. Read more on page 31.
FIELD OF INTEREST FUNDS
1%
Support broad areas of interest, specific issues, people, or geographic area. Donors can choose to support causes represented by existing field of interest funds or start their own. The SDCF Board of Directors awards the grants from these funds each year. The CSA Matching Funds for Coronavirus Response and Knight Foundation COVID-19 Aberdeen Funds were established to address needs due to the pandemic. Read more on page 53.
