Community Savings Accounts A Lasting

Impact

SDCF has partnered with 84 communities across South Dakota to form 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 community’s CSA will continue to grow and support annual 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 in the community. With local involvement, the money raised in the community stays in the community.

New Challenges Offered

• Aberdeen Area Community Foundation

• Arlington Community Foundation

• Armour Community Foundation

• First Fidelity Bank & Burke Community Foundation

• Harding County Community Foundation

• Willow Lake Area Community Foundation

Challenges Met

• Columbia Community Foundation

• Faith Area Community Foundation

• First Fidelity Bank & Gregory Community Foundation

• First Fidelity Bank & Jones County Community Foundation

• Miller Area Foundation

• New Underwood Area Community Foundation

2022 CSA ACCOMPLISHMENTS (INCLUDES SUB-FUND ASSETS)

• Total donations to CSAs exceeded $2.8 million.

• CSAs awarded over $1.6 million through 561 grants to nonprofit organizations in their communities.

• Endowed assets supporting South Dakota communities reached nearly $45 million.

• Since inception, SDCF has contributed nearly $1.6 million in challenge grants to build the endowed assets of local CSAs.

The Herreid Community Foundation (HCF) was started in 1999 to provide financial support to charitable and nonprofit purposes in the Herreid community at the recommendation of a local advisory council. With careful investment, their fund will continue to grow and enhance quality of life in the local area forever. This fund is one of 84 community savings accounts in partnership with SDCF.

from SDCF in five years. Again, the community showed their support for this great cause.

The most recent challenge involved Herreid donors Clyde and Donna Schoeck, Vern and Ethel Ochsner, Gordon and Mavis Klaudt and Bruce Brandner who started with a combined $10,000 donation challenging the community to raise $40,000. Having met the challenge in two years, SDCF and the Campbell County Bank each contributed $10,000.

“To establish a successful CSA, you need to find a leader in the community who is willing to spend the time to make it a success,” said Brandner. “Promoting it through the local media and through constant discussion with patrons is very helpful to its growth.”

In December 1999, SDCF challenged the community of Herreid to raise $50,000 to receive a $12,500 grant. Thanks to the leadership of their local advisory council, a $50,000 donation in 2001 from Professor Clayton C. Wiest and commitments from residents and area businesses, they completed that challenge in less than two years.

“The Herreid Community was formed to promote philanthropy in the local area,” said current HCF board member and generous donor Bruce Brandner. “Bernie Christenson met with local businesspeople and promoted the benefits of the formation of a local CSA. At first there was a lot of apprehension, but this soon changed as a challenge offered by SDCF was met within a year. From there it blossomed into a passion by several citizens and has grown ever since.”

The HCF accepted their second challenge in 2008. This time, they would raise $45,000 for $5,000

Between the Clayton C. Wiest Fund and two new funds given generously by the Mitzel family and the HCF, the advisory council manages almost $555,000. “As the community sees the benefits of the HCF, it has become easier to raise donations,” said Brandner. “The perpetual benefits of the fund make it a long-term investment that has grown very popular. The fund has granted nearly $150,000 back to the community for several important projects. Many of these projects wouldn’t have been completed without grants from the local CSA.”

Bruce

To learn more about the HCF, please visit SDCommunityFoundation.org/local-impact/ community-foundations/herreid