PLATINUM2023

Sioux Falls Area Community Foundation, Inc.

For Good. For Ever.

aka SFACF   |   Sioux Falls, SD   |  http://www.sfacf.org

Mission

In partnership with donors, Sioux Falls Area Community Foundation provides trusted leadership that inspires philanthropy and enriches the quality of life in our area, for good, for ever.

Ruling year info

2001

President

Andrew Patterson

Main address

200 N. Cherapa Place

Sioux Falls, SD 57103 USA

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Formerly known as

Sioux Falls Area Foundation

EIN

31-1748533

NTEE code info

Community Foundations (T31)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Grantmaking Programs

Standing as a catalyst for good, we work every day to connect visionary donors, nonprofits and civic partners to help spark strategic investments and creative solutions for our community's most complex challenges. Our grantmaking activities fall under the categories of asset development, asset management and community grantmaking. We're proud to say we've helped grant $200 million to nonprofits and causes throughout our area since 1984, enriching the quality of life and creating positive, meaningful change for those who call this special place home..

Population(s) Served
Social and economic status
Family relationships
Health
Age groups

We believe in the power of education. So we harness the power of philanthropy to help build the thought-leaders and change-makers of tomorrow. We’re proud to award more than 150 scholarships to deserving students each year. Whether you’re preparing to graduate from high school, wrapping up a general equivalency diploma, or working toward your undergraduate or graduate degree, the Sioux Falls Area Community Foundation is proud to partner with passionate donors to administer a wide variety of competitive scholarships to help you achieve your educational goals.

Population(s) Served
Young adults

Where we work

Accreditations

Council on Foundations Accredited

Council on Foundations National Standards 2010

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of donor-advised funds

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Average grant amount

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Calendar year average grant amount across all fund types.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Grant total across all fund types for calendar year.

Number of endowments

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Total number of grants awarded

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total number of grants awarded across all fund types by calendar year.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

• Be a champion for philanthropy and for endowments\r\n\r\n• Provide superior investment management for long-term charitable assets\r\n\r\n• Connect people with means to people with dreams and needs \r\n\r\n• Facilitate philanthropy, making it easy for donors to give and for nonprofits to perform effectively\r\n\r\n• Partner with United Way and other nonprofits so that the community is better served and resources are better utilized

Hire, develop, and maintain high-caliber staff.\r\nIncrease charitable contributions.\r\nWork to constantly improve the efficiency and effectiveness of all administrative functions, assuring regulatory compliance, meeting and exceeding national standards for community foundations.\r\nAchieve a real rate of return net of fees equal to or greater than the spending rate over the long-term. \r\nDevelop and maintain a communication program that increases public awareness and visibility.\r\nDevelop and maintain engaged, creative, visionary, effective board and committee leadership.\r\nExcel at serving the Sioux Falls area through fulfillment of our mission.\r\nBe a proactive, impactful grantmaker.

SFACF's greatest strengths are its board and staff leadership, its relationships with donors, and its relationships with more than 200 local nonprofits that benefit from its grantmaking program. \r\n\r\nExternally, SFACF works with other leading community organizations including United Way, the Chamber of Commerce, Forward Sioux Falls, the Sioux Falls School District, and city and county governments in community opportunity-finding and problem-solving activities.

One of the Community Foundation's most important goals is to become a convenor of collaborative community opportunity seeking and problem solving. In recent years, it launched Transforming Leadership, a series of high-caliber, low-cost workshops designed to help local nonprofits build capacity. In 2014, it convened Sioux Falls Tomorrow, a community-based planning process designed to create a ten-year vision and goals for the MSA. Enhancing our own community leadership capacity improves the impact of our grantmaking program, making it proactive rather than reactive. \r\n\r\nThe Community Foundation has also made strides in promoting long-term philanthropy and working to capture charitable assets associated with inter-generational transfer of wealth.

Financials

Sioux Falls Area Community Foundation, Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Compare nonprofit financials to similar organizations

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Sioux Falls Area Community Foundation, Inc.

Board of directors
as of 02/22/2023
SOURCE: Self-reported by organization
Board chair

Todd Ernst

Susie Patrick

Breadsmith

Todd Ernst

Ernst Capital Group

Matt Tobin

South Dakota Trust Company

Amange Aware

Wells Fargo

Suzanne Veenis

Community leader and civic volunteer

Steve Sarbacker

Cutler & Donohue

Aaron Severson

Wells Fargo Advisors

Stacy Erdmann

Eide Bailly

Lorrae Lindquist

Community leader and civic volunteer

Sarah Madison

First National Bank

Doug Tribble

American Bank & Trust

Matt Gassen

Retired Nonprofit Leader

Ben Wiener

Benaiah Insurance Company

Mandy Giakowski

Estate Planning Solutions Law Firm, Prof. LLC

Marilyn Korsten

Community Leader

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes