Creating the future for South Dakota
As South Dakota eyed its second century of statehood, Governor George S. Mickelson proposed an organization that would not only serve as a foundation for statewide donations, but also provide support and financial assistance to other nonprofits within the state. Owing to his vision, the South Dakota Community Foundation (SDCF) was created as a public, nonprofit corporation on November 11, 1987.
A history of generosity
To establish the SDCF, the McKnight Foundation and the 3M Corporation issued a $5-million challenge grant to the state of South Dakota in memory of South Dakota-native William L. McKnight. The state of South Dakota committed $2 million to the project. Within twelve months, the SDCF raised the additional $3 million from private donors to fulfill the entire challenge grant.
That was then, this is now.
The SDCF has grown this initial $10-million endowment into approximately $219 million in total assets. Today, we manage 760 endowed funds, and this number continues to grow. Through the continued generosity of South Dakotans and solid investment returns, the people and communities of South Dakota will benefit from the work of the SDCF for generations to come.