The North Dakota Community Foundation has announced that it surpassed $83 million in net assets in 2018. The organization was founded in 1976 to improve the quality of life of North Dakotans through charitable giving and promoting philanthropy.
NDCF currently manages over 700 charitable funds, including 65 local community foundations in the state and over 150 scholarship funds for North Dakota students. It has awarded over $72 million in grants since its inception. The organization has offices in Bismarck, Larimore and Dickinson.
Local community foundations at NDCF in this part of the state include
• the Jamestown Community Foundation, established in 1984,
• the Ellendale Area Community Foundation, established in 1998, and
• the Oakes Area Community Foundation, established in 1998.
The Jamestown Community Foundation had assets at the end of 2018 of over $268,000. The fund has awarded 47 grants totaling over $112,000 since its inception. Grantees have included the Jamestown Fine Arts Association, the Jamestown Parks and Recreation Department, the James River Humane Society, Ave Maria Village, the Jamestown Hospital Foundation, and the Fort Seward Reconstruction.
The Ellendale Area Community Foundation was established with a gift from Frank Larson of Starion Bank and had assets at the end of 2018 of over $641,000, which includes assets in the Ellendale Health Care Fund and the Bill & Leona Meyer Fund. The fund has awarded 175 grants, totaling over $278,000 since its inception. Grantees include the Ellendale Park District, the Prince of Peace Care Center, the Ellendale Cooperative Nursery School, O.P.E.R.A. Inc., the Dickey County 4-H Council, Ellendale Public Schools, and the Ellendale Community Ambulance.
The Oakes Area Community Foundation had assets at the end of 2018 of over $363,000. It has awarded 83 grants since its inception, totaling over $111,000. Grantees have included the Oakes Public School, the Oakes Community Hospital Foundation, Junior Achievement of the Upper Midwest, Hospice of the Red River Valley, the Oakes Park Board, and the Oakes Golden Age Club.
All of NDCF's community endowment funds are guided by advisory committees made up of local volunteers who are responsible for fundraising to help grow their endowment fund and who recommend grant awards every year. All gifts to community endowment funds are tax deductible. In addition, individuals who donate at least $5,000 and businesses that donate any amount to a community endowment fund at NDCF may be eligible for the 40% ND state tax credit.
More detailed information about NDCF's activities in 2018 can be found in its annual report, which is available on the organization's website at www.NDCF.net/2018.html.
For more information about the North Dakota Community Foundation, call 701-222-8349 or go online to www.NDCF.net.