GrowinG for Good:
South Dakota Community Foundation
SDCF Board of Directors Chair Jim Hart Vice Chair John Porter Secretary Stephanie Judson SDCF President Treasurer Jeff Erickson Members David Anderson Beth Benning Bruce Brandner Muffy Christen Janet B. Cronin Kathy Gunderson Charles Hart Al Kurtenbach Deanna Lien Keith Moore Trudy Morgan Steve Myers Anita Nachtigal Stanley Porch Norbert Sebade Doug Sharp Curt Wischmeier SDCF Staff For a complete listing of SDCF staff please visit SDCommunityFoundation.org/Staff
Spring 2015
introducing the SdCf’s new Land Management Program
Allowing real Estate to Benefit nonprofits
For the last 27 years, the South Dakota Community Foundation has accepted gifts in many forms, including gifts of land and real estate. Until now, our policies dictated that we sell any property gifted to the South Dakota Community Foundation. Now, through our “Growing for Good” land management program, a donor can make a gift of land and allow the SDCF to hold and manage the land. Then, for generations to come, charitable entities and causes the donor recommends will benefit from the proceeds.
How it works for landowners:
1. Evaluate Tax Implications. The land of many South Dakotans has a very low cost basis and selling it often generates significant capital gains tax. Gifting a portion of land to charitable interests through the SDCF allows you, as a landowner, to reduce or effectively eliminate capital gains and estate tax.
2. Consider Gifting Options. The SDCF listens to your desires as a landowner before presenting philanthropic options that best meet your needs. Each donor’s situation is different, but several land gifting options exist, including: • Making an immediate or deferred gift of land. • Allowing the SDCF to sell your gift of land. The sale proceeds are added to your endowed fund and a percentage is distributed to charities annually. • Choosing the SDCF to hold and manage your gift of land. A portion of the land’s net income will be distributed to the nonprofits you recommend each year. • Retaining a life estate in land by gifting a piece of property but continuing to receive a stream of income off that property throughout your life 3. Produce in Perpetuity. You’ve focused on yielding a harvest your entire life. By gifting land through the SDCF, that production, and your legacy, doesn’t end. Your land will continue to provide for others as proceeds from the sale of your land or annual net income benefits the
Get Started
Growing for Good — It is what you do. It is what we do. And we look forward to working with you to reduce your tax bill and benefit your community. To learn more about the Growing for Good program and discuss the land giving option that will work best for you, contact our office at 800.888.1842.
Beth Massa Joins SdCf Team to Serve west river Communities
In late February, Beth Massa joined the South Dakota Community Foundation team as the West River Development and Program Officer, a position created by SDCF leadership to better serve donors in western South Dakota. Beth comes to the SDCF with eight years of development experience. For the past two years, she worked as the Resource Development Director at the United Way of the Coastal Bend in Corpus Christi, Texas. In a nine-county region with over one million residents, she led workplace fundraising campaigns for the United Way at companies, such as Valero Energy, ExxonMobil King Ranch Gas Plant, the City of Corpus Christi and the Port of Corpus Christi. Before moving to Texas, Massa was the Western Regional Director for Lutheran Social Services of South Dakota in Rapid City. In that position, she led donor development, event planning, public relations, church relations and marketing for the organization in western South Dakota. Beth and her husband Mark, both Sturgis natives, are excited to be back in the Black Hills.
“I love the people of South Dakota! Being away from ‘home’ the past two and a half years in Texas proved to both my husband and I that our roots truly run deep,” says Massa. “South Dakota has been good to us and was a wonderful place to raise our children. We are proud and honored to return and serve our friends.” She looks forward to helping the SDCF partner with people in western South Dakota to build stronger communities for current and future generations. “The SDCF team has been doing great things in western South Dakota, and I hope to build on the structure that is in place,” says Massa. “Having a full-time presence in the western part of the state will allow the SDCF to communicate better with donors and work to make their philanthropic goals a reality. I am looking forward to bringing together the stakeholders in this area to build stronger and more vibrant communities.” Beth loves being able to engage citizens to be partners in change by implementing local solutions for local issues. She believes her calling is to provide expertise to bring about change in our communities, state, country and world. If you’d like to learn more about how to give back to your community through the South Dakota Community Foundation, contact Beth at bmassa@sdcommunityfoundation.org. She’d love to tell you what the SDCF can do to help you help others.
Join our online Community
At the South Dakota Community Foundation, we take pride in the personal relationships we have developed with donors, communities and nonprofit organizations in our 27 years of existence. With over 4,500 gifts coming to the foundation last year to support over 700 funds, it is increasingly important for us to establish meaningful connections and provide consistent updates to all of our stakeholders. Because we find great value in every opportunity to connect with our supporters and partners, we are expanding those opportunities through online initiatives. We invite you, and those in your networks, to join our online community. Receive consistent updates and information from our blog and Facebook page and engage in discussions that will spark progress in our state.
For more information about our online efforts, or to join the conversation, please visit SDCommunityFoundation.org/News or Facebook.com/SDCommunityFoundation.
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South dakota fund Grants Awarded
The South Dakota Community Foundation awarded thirty-four grants from the South Dakota Fund from October 1, 2014 to March 31, 2015 totaling more than $275,000. The SDCF received forty-two applications, with requests totaling more than $475,000. The SDCF makes grant awards from the South Dakota Fund in the areas of economic development, human services, health, education and culture. For more information on the South Dakota Fund and its online grant application process, visit SDCommunityFoundation.org/SDFund or call 800.888.1842. Kadoka Area School District - $5,000 Kadoka, SD Midland Elementary School Upgrades Live Center, Inc. - $10,000 Lemmon, SD Wheelchair Accessible Transportation Lower Brule Community College $10,000 Lower Brule, SD Technology Upgrades Mary Jo Wegner Arboretum - $10,000 Sioux Falls, SD Pond Garden Upgrades Matson Halversen Christiansen Hamilton Foundation - $5,000 Kimball, SD Rural Healthcare Early Scholars Program
The Boys & Girls Club of Rosebud received a South Dakota Fund grant for its after-school mentoring program. Carmelita Sully gave students and their mentors a tour of the Sinte Gleska University Greenhouse as part of the organization’s diabetes prevention and education program. Abbott House - $10,000 Mitchell, SD Bridges Home Outdoor Recreation Area Ability Building Services - $5,000 Yankton, SD Technology Upgrades The Advocates for Human Rights - $5,000 Sioux Falls, SD Attorney Training Bartlett Community Visions - $10,000 Parmelee, SD Commercial Sewing Machines Boys and Girls Club of the Missouri River Area - $5,000 Wagner, SD Bright Red Book Shelf Program Boys and Girls Club of Rosebud - $10,000 Mission, SD After-School Mentoring Program
Central South Dakota Retired Senior Volunteer Program - $1,500 Pierre, SD Annual Recognition Dinner Fall River County Historical Society $2,300 Hot Springs, SD Pioneer Museum Upgrades Feeding South Dakota - $20,000 Sioux Falls, SD Central SD Facility Expansion Goodwill of the Great Plains - $15,000 Statewide Connection Center Programs Habitat for Humanity - South Dakota $8,000 Statewide Habitat Affiliate Trainings Herreid Senior Citizens - $4,116 Herreid, SD Senior Citizens Center Upgrades
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McCrossan Boys Ranch - $10,000 Sioux Falls, SD Lodmell Renovation Project Mitchell Area Safehouse-Family Visitation Center - $7,000 Mitchell, SD Security System Upgrade Multi-Cultural Center - $5,000 Sioux Falls, SD Immigration Services Native American Advocacy Program $5,000 Herrick, SD ADA Upgrades Northeast South Dakota Head Start Program - $2,500 Aberdeen, SD Head Start Programs Rural America Initiatives - $20,000 Rapid City, SD Native American Head Start Programs Safe Harbor - $20,000 Aberdeen, SD Facility Upgrades Sioux Falls Stockyards Heritage Center $6,000 Sioux Falls, SD Stockyards Heritage Center
South Dakota Agricultural and Rural Leadership, Inc. - $15,000 Rapid City, SD Educational Speakers and Skill Development Trainers South Dakota State Fair Foundation $15,000 Huron, SD 4-H Performing Arts Stage Spare Key - $5,000 Statewide Housing Assistance for Families
Spearfish Community Coalition - $2,000 Spearfish, SD Youth Leadership Summit Teen Challenge of the Dakotas - $15,000 Brookings, SD Recovery Program Washington Pavilion - $3,000 Sioux Falls, SD Dark Matter Exhibition
The Wholeness Center - $3,000 Flandreau, SD Domestic Violence, Sexual Assault, & Child Abuse Services Yankton Baseball Association - $5,000 Yankton, SD Baseball Field Upgrades
Wheels on Meals Corporation - $2,000 Miller, SD Wheelchair Accessible Transportation
Community innovation Grants Awarded In partnership with the Bush Foundation, the South Dakota Community Foundation awarded $225,000 in three rounds in 2014 to nonprofits leading the way in community innovation. The Community Innovation Grant Program empowers communities to use problem-solving processes that lead to more effective, equitable and sustainable solutions.
During the third round, the SDCF received twenty-four applications totaling more than $200,000. The SDCF awarded eight grants to organizations totaling $77,700. In 2015, $400,000 will be available to nonprofits in three rounds. For more information on the Community Innovation Grant Program and our online grant application process, visit SDCommunityFoundation.org/CIG or call 800.888.1842.
2014 round Three Grant recipients:
Chamber Music Festival of the Black Hills - $10,000 Black Hills Area & Pine Ridge Indian Reservation Curriculum-Based Program Addressing Problems Children Face
The Izaak Walton League of America $10,000 Statewide Drinking Water Protection and Trash Grate Project
Vermillion Middle School - $9,550 Vermillion, SD Portable Garden Systems/Poverty Task Force
Family Visitation Center - $9,900 Sioux Falls, SD Community Forums Habitat for Humanity - South Dakota $10,000 Statewide Stabilization Efforts of Native American Affiliates Historic Rapid City - $8,250 Rapid City, SD Oral History Project South Dakota Budget & Policy Institute $10,000 Statewide Webinar Modules Sunshine Bible Academy - $10,000 Miller, SD Blue Collar STEM Lab Model
Jeff Veltkamp, SDCF Director of Development, presents eighth-graders from Vermillion Middle School and their science teacher with a $9,550 Community Innovation Grant for their Science, Technology, Engineering, and Mathematics (STEM) investigations regarding poverty. Students will also design, build and maintain a school garden/living laboratory. The group of students will develop and communicate a vision to improve the community’s food insecurity problems through a Poverty Task Force and community presentations.
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new SdCf funds (Created october 1, 2014 through March 31, Avera Community Benefits Fund – To provide financial support to Avera Health and other charitable organizations.
Gaylord Hoftiezer Endowment Fund – To provide financial support to Castlewood Historical Society.
Donna Bauer Abbott House Fund – To provide financial support to Abbott House as designated by the donor.
Gaylord Hoftiezer Memorial Scholarship Fund – To provide financial support to graduates of Castlewood High School.
Belle Fourche School District Foundation Fund – To provide financial support to Belle Fourche School District Foundation.
Marjorie Hoftiezer O'Brien Memorial Scholarship Fund – To provide financial support to graduates of Castlewood High School.
Build Dakota Scholarship Program – To provide financial support to students entering high-need workforce programs at South Dakota technical institutes.
Horton Holding, Inc. Charitable Giving Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the donor.
Christen Dakota Wesleyan Scholarship Fund – To provide support to Huron area nursing students at Dakota Wesleyan University as designated by the donor.
Scott & Julia Jones Fund – To provide financial support to charitable and nonprofit purposes as recommended by the South Dakota Community Foundation Board of Directors.
Christen Feeding South Dakota Fund – To provide financial support to Feeding South Dakota as designated by the donor.
Dr. Judson & Marilyn Mabee and Dr. Kate Birkenkamp Memorial Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the donor.
Faulkton Area Foundation – To provide financial support to charitable and nonprofit purposes in the Faulkton area at the recommendation of a local Board of Directors.
Matt & Stephanie Judson Family Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the donor.
Field of Dreams Fund – To offer challenge grants to nonprofit and charitable organizations within South Dakota.
Milltown Cemetery Fund – To provide financial support to Milltown Cemetery as designated by the donor.
Michael J. Fitzmaurice State Veterans Home Endowment Fund – To provide financial support to the Fitzmaurice State Veterans Home in Hot Springs, SD as designated by the donor.
Dean Nachtigall Memorial Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the donor.
Julian Freitag Scholarship Fund – To provide financial support for scholarships as recommended by the Madison Central School Educational Foundation. Don E. Gross Rotary Scholarship Fund – To provide financial support for scholarships as recommended by the Madison Central School Educational Foundation. Grossenburg Implement Bloomfield, NE Community Support Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the Grossenburg Implement store manager. Grossenburg Implement Hartington, NE Community Support Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the Grossenburg Implement store manager. Grossenburg Implement Laurel, NE Community Support Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the Grossenburg Implement store manager.
John T. & Penny L. Porter Family Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the donor. South Dakota Ag & Rural Leadership Legacy Fund – To provide financial support to the South Dakota Ag & Rural Leadership program as designated by the donor. South Dakota Conservation Fund – To provide funding for conservation programs in South Dakota, especially for the improvement of pheasant habitat as designated by the Conservation Fund Board of Directors. St. Pauli Cemetery Association Fund - Wallace, SD – To provide financial support to St. Pauli Cemetery Association. Trust for the Future Fund – To provide financial support to charitable and nonprofit purposes as recommended by the South Dakota Community Foundation Board of Directors. Missy Wunder Memorial Scholarship Fund – To provide financial support to graduates of Wagner School District.
Grossenburg Implement Wayne, NE Community Support Fund – To provide financial support to charitable and nonprofit purposes at the recommendation of the Grossenburg Implement store manager.
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Gift Type Spotlight: Securities
With our taxes filed for 2014, ways to make the tax code work for us in the upcoming year are often at the forefront of our minds. Donating long-term appreciated securities directly to the South Dakota Community Foundation is one way to use the tax code in your favor and to increase dollars available for charitable purposes.
Tax Advantages
A charitable contribution of appreciated securities held for more than one year is a double bonus for donors. 1. Forego Capital Gains Tax Since the securities are donated rather than sold, payment of capital gains taxes is not required. As a result, the full value of your stock is available to support the nonprofits you select. 2. Receive a Charitable Income Tax Deduction Donors giving long-term appreciated securities receive an itemized deduction for the full fair market value of the donated securities. Donors can deduct up to 30% of their adjusted gross income annually and use any excess deduction within five years.
“We would suggest this method of gifting to other people who would like to donate to the SDCF,” says Susan Wischmeier. “Not only does it save tax dollars, but that money can then increase the amount of one’s contribution.” The Wischmeier’s cited several reasons why they chose to partner with the SDCF to make a gift of appreciated stock: 1. SDCF’s solid record of accomplishing their mission with a well-known low overhead. 2. A donor recommends charitable recipients. 3. The SDCF has a strong track record following through on donor wishes.
How to donate Securities
4. Accounting and receipts are issued in a timely manner by the SDCF.
Electronically: You or your broker simply need to contact the SDCF at 800.888.1842. The SDCF staff will share the appropriate account numbers to complete the transfer. We will also collect some information that will allow our investment manager to properly accept the gift of stock and set up a fund to receive the donation.
5. SDCF assets have had an excellent rate of return. 6. The SDCF meets all requirements for tax-deductible charitable donations.
Get Started
Via certified mail: If you hold securities in certificate form, you will need to mail two envelopes separately to complete the donation. In the first envelope, place the unsigned stock certificates you would like to donate. In the second envelope, include a signed stock power for each certificate, which you can obtain from your broker or bank.
We can walk you through the advantages of donating securities through the SDCF to accomplish your charitable goals. Your individual circumstances are unique, and therefore, you should also consult your professional tax advisor before making a gift of securities. Please contact us at 800.888.1842 or info@sdcommunityfoundation.org to learn more.
An All-Around Benefit
Dr. Curt and Susan Wischmeier of Aberdeen chose to gift stock through the South Dakota Community Foundation last year.
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russ Morrell More Than A Coach
For high school athletes, coaches are a part of daily life, but it is a rare privilege when that daily interaction grows into mutual respect and admiration. Coach Russ Morrell inspired that type of relationship with young people over the 40 years he taught and coached in the communities of Irene, Burke, Bon Homme and Wagner. Students knew that he meant what he said in his pre-game speeches, talks in the school hallways and classroom discussions—he loved his students and athletes and was proud of them. This unequivocal truth defined much of his life and success. His unmatched optimism and incredible resourcefulness in serving others inspired his students and players to follow his example. His leadership helped him assemble an all-time record of 233-89, which ranks fifth on the state’s all-time victory list. He was inducted into the South Dakota Football Coaches Association Hall of Fame in 2008 and led teams to three state championships over the years. To the surprise of many, Russ Morrell passed away suddenly on July 25, 2014, while on a fishing trip in Alaska. He and his beloved wife Sue had just retired from teaching in 2013.
A Legacy Lives on
In order to continue the generosity Morrell embodied, former students, friends and colleagues donated money to establish the Coach Russ Morrell Memorial Scholarship at the South Dakota Community Foundation (SDCF). Coach Morrell’s family considered several organizations, which could help them establish the scholarship fund. Morrell’s son explains why the SDCF was ultimately selected as the vehicle for administering the Coach Russ Morrell Memorial Scholarship. “In the end, our decision came down to three factors,” says Mark Morrell. “First, the SDCF's structure and mission fits with my father and family's vision of bettering South Dakota, its communities, and most importantly, its individuals. Second, we quickly realized that SDCF was well versed in scholarship fund management. The outreach, contacts, application templates, etc. were very useful. Finally, my family was in a tough spot when I sought out Jeff Veltkamp, Director of Development at the SDCF. He took the time to meet and provide genuine, honest and helpful advice. In short, I knew I could trust him.”
Continuing Education
The scholarship’s goal is to assist South Dakota students in their efforts to earn degrees from post-secondary institutions. The scholarship fund will make it possible to award a $1,000 scholarship each year. The scholarship gives preference to students from Burke, Bon Homme or Wagner. The family has established application criteria and asks applicants to submit an essay relaying a time in their lives where they demonstrated resourcefulness and optimism in the face of adversity – a value that was highly esteemed by the scholarship’s namesake. To learn more about how a scholarship fund can carry out the legacy of a family member while benefiting students in your community, contact the South Dakota Community Foundation at 800.888.1842 or SDCommunityFoundation.org. We currently manage all paperwork and distributions for more than 200 scholarship funds benefiting students across the state.
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PAid
NON PROFIT U.S. Postage Pierre, SD Permit No. 16
PO Box 296 • Pierre, SD 57501 800.888.1842 www.sdcommunityfoundation.org
Progress depends on You
We are thankful for the generosity of South Dakotans. The donations we receive each month show that people in our state are taking action to make South Dakota a better place.
from october 1, 2014 through March 31, 2015:
2,094 gifts totaling
$23.6 million
were given to funds managed by the SDCF.
Please visit SdCommunityfoundation.org/donorList to view a complete list of donors from october 1, 2014 to March 31, 2015. Thank you to our donors for your continued support.
The mission of the South Dakota Community Foundation is to promote philanthropy, receive and administer charitable gifts and invest in a wide range of programs promoting the social and economic well being of the people of South Dakota.