Centerville Area Foundation
Organized in 2001, the Centerville Area Foundation was created to establish a permanent means of funding for projects and important needs in the Centerville Community. Partnering with The South Dakota Community Foundation, Centerville is now one of seventy communities throughout South Dakota that has established a Community Savings Account. The earnings from this account are available annually to provide a lasting legacy to the community of Centerville. The state Foundation pools money from over 230 funds for investment and administration purposes. Earnings from approximately $41 million are available for distribution for non-profit, charitable and scholarship purposes.
Fall is the season when we begin to again take stock of our accomplishments and determine our needs, whether they are personal needs or those of our friends and communities. The Centerville Community Foundation accepts donations in any amount, including one-time contributions, estate gifts, and gifts of assets, such as stock, real estate, or life insurance. Donors have also sold commodities to the local elevator in the name of the Centerville Foundation. All donations are tax deductible, and the donor will receive a receipt from the organization. Plan now to provide a lasting legacy by your tax-deductible contribution to the Centerville Area Foundation!
Back row, L to R: Bill Hansen, Gary Knutson, Darren Hefty, Dale Knutson, Jerry Isaak
Front, L to R: Boyd Ostrem, Chairman Susan Overgaard, Pat Norin, Gary Ward.
Fall 2009 Centerville Area Foundation Challenger Newsletter
Centerville Area Foundation General Grant Criteria
1. Qualifications: The Centerville Area Foundation will fund ongoing, well-established projects and innovative projects designed to meet community needs. The Project must benefit the Centerville Community or a Centerville Community organization. Other than scholarships, grants may not be used to benefit individuals. Generally, the Centerville Area Foundation will not consider grants for religious purposes, political activities, individual endowments, general operating expenses, elimination of budget deficits, or annual fund drives.
2. Grant Consideration: Grant applications must be completed in full and will be received throughout the year. Grants will be reviewed and awarded at the discretion of the Centerville Area Foundation Board. (Exceptions may be considered to accommodate special projects.)
3. Discrimination: Applications from agencies offering services exclusively to one gender, age group or race will be closely scrutinized for discriminatory practices.
4. Limitations: Centerville Area Foundation will grant no more than a maximum of 4.5% of Fund's Value in any single year. Recipients may be eligible for one grant every other year, unless surplus money is available.
5. Communication: All applicants will be informed verbally and /or in writing to the approval or disapproval of their application.
Click here to download a Foundation Grant Application in PDF format.
South Dakota Community Foundation Annual Meeting
The South Dakota Community Foundation hosted its annual meeting in Pierre on October 15. This year marked the twentieth year of the philanthropic organization which was formed during the George Mickelson administration. Mrs. Linda Mickelson-Graff was on hand, along with many other state and local dignitaries. The day of meetings culminated with a grand reception and dinner at the Ramkota Inn in downtown Pierre. Susan Overgaard, chairman of the Centerville Community Foundation, was in attendance. Susan remarked that Centerville is one of over 60 communities in South Dakota that has had the foresight to establish a Community Savings Account. The South Dakota Community Foundation now manages over $70 million dollars, with approximately an 8.5% return. This interest is given back to the communities in the form of grants to assist with locally determined projects at a rate of 4.5%. This allows the local deposits to accumulate each year, in addition to individual donations. In May of 2008, the local Foundation, in cooperation with local individuals and organizations, has also committed to host the Ronald McDonald Delta Dental Unit, bringing free dental care to children 18 years and under. Susan Overgaard also attended a conference for Foundation Board Members throughout South Dakota on October 25 in Huron. Forty-five board members from the area shared insights and listened to advice from Bob Sutton and Noel Hamiel of the South Dakota Community Foundation, Dick Werner of the Huron Community Foundation and Doug Friedli of the Nebraska Community Foundation.