Huron Community Foundation
... a community savings account for our future.
The Huron Community Foundation (HCF) is a tax-exempt organization formed in April 2004 to create a community savings account, which will grow and benefit everyone in Huron for generations to come.The HCF is directed by a group of volunteers. The Board’s first focus is educating the community of the charitable opportunity HCF offers and growing the fund with one-time contributions, multi-year pledges, estate planning and gifts of assets such as stock, real estate or life insurance.
The funds are deposited with the South Dakota Community Foundation (SDCF), which invests the dollars and returns earned interest to the Huron Community Foundation for grant distributions. Grant applications are accepted annually February 15 - April 15, 2008. Applications are available from the Huron Chamber & Visitors Bureau office or in the News section of this (see right side of page) Web site. The first grants were distributed in February 2006. The 2008 grants will be awarded at the Canaries game on May 2, 2008.
2007 HCF Grant Award Recipients at the 2007 Canaries Game
Examples: $100 initial Investment X 5% = $5 annually X 50 years = $5 $250 $1,000 initial Investment X 5% $50 annually X 50 years $50 $2,500 $5,000 initial Investment X 5% $250 annually X 50 years $250 $12,500 $50,000 initial Investment X 5% $2,500 annually X 50 years $2,500 $125,000
$100 initial Investment X 5% =
$5 annually X 50 years =
$5
$250
$1,000 initial Investment X 5%
$50 annually X 50 years
$50
$2,500
$5,000 initial Investment X 5%
$250 annually X 50 years
$12,500
$50,000 initial Investment X 5%
$2,500 annually X 50 years
$125,000
Anyone can contribute any amount to the Huron Community Foundation. One-time contributions, multi-year pledges, estate planning and gifts of assets such as stock, real estate or life insurance. Simply complete and mail this form. You may enclose a check payable to Huron Community Foundation or HCF will invoice you. SDCF will mail contributors a receipt and 501(c) (3) information.
Huron Community Foundation15 4th Street SWHuron, S.D. 57350
HCF is a totally volunteer organization with a board of directors representative of many sectors of the community. The following are the current board members:
Tim Sletten, PresidentRon Wheeler, Vice PresidentDick Werner, Secretary/TreasurerRochelle BorszichMarvie TschetterRoger KasaKent SheltonGeorge KuhlerDavid McGirrBryan SmithTim HuberLinda MarcusPete MiesTom GietzenMarc FenskeConnie HoferDr. Randy Zitterkopf
If you would be interested in serving on the Huron Community Foundation Board, please contact the board president regarding the nomination process. Elections are held each April with terms beginning July 1.
The Canaries are back! Mark your calendar for Friday, May 2, 2008 - SF Canaries vs. Sioux City Explorers!
Special guest will be Dick Green starting second baseman for the Oakland A's 1972, 1973, 1974 World Champions. Dick is the only South Dakota native to start on three world series championship teams.
The A's team is also the last Major League Baseball Team to three-peat. Also back, will be the Jack Links Premium Cuts Tailgate Party. Stay tuned for details on all the great fun you've come to expect from this annual community event.
Funds contributed to the Huron Community Foundation are held as an advised fund within the South Dakota Community Foundation. The total endowment of more than $60 million is invested by the SDCF’s Investment Manager. SDCF’s 15-year average investment return in 2006 was more than 8.5 percent. SDCF allows each fund to distribute five percent of the fund’s average fair market value each year. More information about SDCF is available online at www.sdcommunityfoundation.org.
SDCF charges an administrative fee of approximately 1.1 percent. Distributions are limited to fund earnings less administrative fee. Earnings in excess of distributions and administrative fee are credited directly to the account, increasing the value of the fund. Example:
©2004 Huron, South Dakota
