Community Foundation sees continued strong growth
The North Dakota Community Foundation has announced that it surpassed $61 million in net assets in 2014. The organization was founded in 1976 to improve the quality of life of North Dakotans through charitable giving and promoting philanthropy.
"In addition to reaching $61 million in net assets, the Foundation has made over $58 million in grants since its inception." said Kevin Dvorak, President and CEO of the North Dakota Community Foundation. "The assets milestone is important, but more important is that the Foundation has made and will continue to make grants that truly make a difference all across our state."
The NDCF currently manages over 550 component funds, including 60 local community foundations and over 100 scholarship funds for North Dakota students.
One of the community endowment funds that the NDCF manages is the Parshall Area Community Foundation, which was established in 2011 and has assets of almost $180,000. The fund has given grants to several local organizations including the Parshall Centennial Board, Parshall 2000, Parshall Senior Citizen’s Golden Jet Set, Parshall Schools, and the Parshall Park Board.