Aberdeen Area Community Foundation Inc
Furthering the advancement of the civic, cultural, economic, educational and sociological interests None
Aberdeen Area Community Foundation Inc.
Overview
The Aberdeen Area Community Foundation Inc., a 501(c)(3) nonprofit organization, was chartered in 1984 as the Aberdeen Area Foundation, Inc. to manage a gift from a local businessman. Its mission is to promote the civic, cultural, economic, educational, and sociological interests of Aberdeen and its surrounding communities[1][5].
Purpose and Functions
The foundation acts as a mechanism for individuals, organizations, and companies to contribute to their community's future by establishing and managing endowments. It only spends a portion of the earnings from these endowments, ensuring sustainable support for local projects. The Aberdeen Area Community Foundation supports community-minded groups through various means, including advice, idea development, financial management, and assistance with grant writing[1].
Structure and Affiliations
The organization operates independently but maintains a relationship with the South Dakota Community Foundation as a Community Savings Account (CSA), which led to the addition of "Community" to its original name[1]. The foundation is guided by a local Board of Directors, which recommends financial support to charitable and nonprofit initiatives within the Aberdeen area[2].
Financial Operations
Aberdeen Area Community Foundation Inc. has reported varying levels of revenue and expenses over time, with total assets also fluctuating. Historically, its revenues have ranged between $101,000 and $200,000, while expenses have similarly varied[4]. The foundation manages its finances to maintain its mission and contribute effectively to the community.
Leadership
The foundation is led by a board that includes Heath Johnson, Chair; Megan Biegler, Vice Chairman; Don Kainz, Treasurer; and Robert Fouberg, Secretary. Other board members include Shaun Falken, Matt Harr, Steven Lust, Kristan Morris, Bea Smith, Lindsey Swenson, and Hannah Walters. The Executive Director is Patrick Gallagher[1].
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Aberdeen Area Community Foundation | Aberdeen, SD
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Aberdeen Area Community Foundation Inc
AACF was proud to support the United Way of Northeastern SD Foundation's project to provide Instant Language Assistants (ILA) to several organizations in Aberdeen to facilitate conversations with newcomers. AACF's $2,500 grant allowed the purchase of an ILA for the Aberdeen, SD Police Department. Congrats.
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