Designated Fund

A Designated Fund is a restricted, endowed fund held by the Foundation in which the donor specifies fund beneficiaries at the time the fund is established. The designated fund is invested for long-term growth and distributes annual grants to those charities named by the donor. Designated funds offer a simple way to support your favorite charities in perpetuity. Grants can be made in your name, or in anonymity.

The Beloit First Christian Church Missionary Fund
Harold & Eileen Frasier Scholarship Fund
Leadership Mitchell County Fund
Helen L. Marcotte Operating Fund
St. John the Baptist Evangelization & Education Fund
Severance Children Scholarship Fund
The Waconda Heritage Village Fund

Recent News

Community foundation awards fall grants

Over $52,000 was awarded to charitable projects in Mitchell County during the Solomon Valley Community Foundation’s fall grant cycle. Grants were funded through the Dane G. Hansen Community Grant Fund and the Community Impact Fund for Solomon Valley. The following organizations received funding: City of Glen Elder/Waconda Baseball, $6,000 for additions and improvements to enhance the baseball field. USD 272, $5,073 to support a Science, Technology, Engineering and Mathematics (STEM) classroom at Lakeside Elementary School. Zion Lutheran Church, $5,000 to enhance the Zion Lutheran Church building to better serve the community. Boost Ministries Foundation, $5,000 for seating, a copier and[...]

Fall grant applications available June 1

The Solomon Valley Community Foundation is seeking applications for fall grants. Online applications will be available June 1 and are due August 1, 2018. Grants will be funded through the Dane G. Hansen Community Grant Fund, with $50,000 available for charitable projects and programs that address education, health care, community social services and security, conservation and environment, arts and culture, and community beautification. Nonprofit organizations, government and public entities, educational institutions and churches are encouraged to apply. Grants are limited to communities in Mitchell County and will be awarded through a competitive application process. Detailed criteria and the grant application are available[...]