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].