Summer 2016 Update
Rapid City Nonprofits Benefit from Couple’s Generosity
In This Issue Find us on Facebook & Online News Highlights - pg. 2 South Dakota Ag Foundation - pg. 3 Grants - pg. 4 Grants in Action - pg. 5 New SDCF Funds - pg. 6 At a Glance & Foundation Flashback - pg. 7 CSA Success: Philip pgs. 8 & 9 Gift Type Spotlight: IRA Rollover - pg. 10 Estate Planning Resources - pg. 11 SDCF Board of Directors & Staff - pg. 12
In early 2016, the South Dakota Community Foundation (SDCF) gathered six Rapid City area nonprofits to celebrate the first distributions from the John F. & Ruth D. Cannon Fund. As long-time Rapid City residents, Jack and Ruth Cannon were deeply involved in the community and wanted to make a lasting Representatives of the six Rapid City nonprofits who will impact. With the help of their benefit from the Cannon’s generosity gathered for lunch attorney, Patrick Goetzinger, to celebrate the couple’s future impact on their city. the Cannons made provisions in their estate plan to create a $2 million designated fund at the SDCF before their deaths in 2010 and 2014. The couple had a deep connection to each of the organizations they chose to benefit. The recipients include Behavior Management Systems Endowment, Black Hills Playhouse Foundation, Black Hills Workshop Foundation, South Dakota Children’s Home Society, Storybook Island, Western South Dakota Catholic Foundation and LaSalle Academy of Providence, R.I. Each organization will receive a share in an annual distribution from the fund.
“The fact that a check was going to come out in their name every year was very important to them,” Goetzinger said. “Each of the organizations listed is very personal to Jack and Ruth. Their imprint has been made in several different organizations and in several different ways throughout this community. It brings a tear to my eye just thinking about Jack and Ruth’s generosity because they did it right, and they did what they wanted to do in their hearts.” The Cannons felt volunteering time, talent and sometimes treasure is part of the rent we pay for the space we occupy on earth. That philosophy drove their philanthropy. Jack was a longtime Rapid City Journal reporter and editorial page editor. Ruth was an administrative assistant for presidents of Norwest Bank, now Wells Fargo, for more than three decades. The couple was also deeply involved in their church, the arts community and other community organizations.
A Lasting Legacy
One decision by the Cannons to incorporate charitable wishes into their estate plan will positively impact South Dakotans forever. Call the SDCF at 800.888.1842 to leave your own lasting legacy.
PO Box 296 | Pierre, SD 57501 | SDCommunityFoundation.org | 800.888.1842
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