W.R. and Floy A. Sauey Family Foundation Inc

Overview

The W.R. and Floy A. Sauey Family Foundation Inc. is a private corporate foundation based in Baraboo, Wisconsin. It was established in 1998 and operates primarily to support local communities where Nordic Group Member Companies have operations. The foundation focuses on three main areas: promoting the free-enterprise system, providing educational scholarships, and supporting local charities, particularly those impacting families and children.[1][3]

Mission

The foundation has a multifaceted mission:

1. Promotion of the Free Enterprise System: It aims to preserve and increase participation in the free-enterprise and free-market systems within the communities where Nordic Group facilities are located.[3]
2. Educational Scholarships: The foundation awards various scholarships to associates and their children of Nordic Group Member Companies to encourage education and skill development. These include college scholarships, a music and performing arts scholarship, technical school scholarships, and public education scholarships for students in Saltillo, Mexico.[3]
3. Support for Local Charities: The foundation supports charities that improve the quality of life in local communities, with a focus on child and family welfare.[1][3]

Governance

The Board of Directors includes descendants of W.R. and Floy A. Sauey, a president of a Nordic Group Member Company, and another Nordic Group executive.[3]

Financial Overview

As of its most recent filings, the foundation's revenue primarily comes from dividends and the sale of assets. It engages in charitable disbursements, focusing a significant portion of its expenses on donations to various organizations. Key organizations that have received grants include the International Crane Foundation, Baraboo Area Homeless Shelter, and The Uw-Platteville Foundation.[5]

Notable Activities

The foundation is involved in various charitable events, including the annual golf outing, which benefits different local charities each year. For example, in 2019, it raised funds for the Boys & Girls Club of West Central Wisconsin, helping upgrade their facilities.[4]

References