The mission of the Freeman Community Foundation is to attract charitable donations and distribute grants for the purpose of benefiting the social and economic well-being of the community.
About Freeman Community Foundation
Freeman Community Foundation (FCF) is a charitable organization specifically designated for supporting non-profit entities within the Freeman community for recreation projects, cultural projects, youth projects, service projects, educational projects, etc. Five percent of the principal on the organization's endowment is available each year to be awarded as grants to these groups. As contributions to the fund continue and the principle on the endowment increases, the interest available to the community for granting continues to grow. This organization provides an opportunity for people to leave a lasting legacy to the community in their name or in the name of a loved one. For information regarding a donation to the FCF or to submit an Application for a grant, you may contact a FCF board member. Applications for grants may be submitted at any time during the year and are due by May 1 and November 1 for consideration during that grant cycle.
The Freeman Community Foundation was formed in 1997 as part of a challenge grant with the South Dakota Community Foundation (SDCF). If the Freeman Community raised $100,000 by July 1, 2000, the SDCF would add $50,000.00 to the Freeman account. Merchants State Bank committed to match all contributions up to $25,000. By July 1, 2000, the FCF had a balance of $108,695. With the challenge match from the SDCF, the Freeman account increased to $158,695.
The Foundation received a significant gift in the Spring of 2008 from the John R. Walz Estate, totaling over $333,000. This gift increased the endowment of the FCF to nearly $500,000. Estate gifts can play a huge role in raising the community impact of the FCF; however, each gift, regardless of size, furthers the Foundation's mission.
Today, the Foundation’s endowment totals nearly $550,000 and makes nearly $20,000 available for projects in the Freeman community each year. In addition to funding grants, the Foundation has committed to funding two $1,000 Service Scholarships each one – one at Freeman High School and one at Freeman Academy. Recipients of these scholarships have demonstrated voluntary contributions to the social and/or economic well-being of Freeman.
1997 - Freeman Community Foundation is founded
2000 - Challenge grant met, endowment established, and first grant awarded
2002 - FCF reaches 5th year & awards 5th grant for cumulative grant total of $4,500
2007 - FCF reaches 10th year & awards 21st grant for a cumulative grant total of $33,830
2008 - John R. Walz estate gift raises endowment total to nearly $500,000
2010 - FCF Service Scholarship established and first scholarship awarded
2012 - FCF reaches 15th year and awards 50th grant and 5th scholarship for cumulative grant total of $100,682
2014 - FCF endowment reaches $554,000 and cumulative grant award totals $125,000