CorTrust Bank ALM (Artesian, Letcher, Mt. Vernon) Community Foundation Grant

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South Dakota Community Foundation
As a statewide community foundation, we work with donors, nonprofits and community leaders to strengthen philanthropy in South Dakota every day.
Grants
The South Dakota Community Foundation offers an array of grants to help state nonprofits realize their dreams and continue investing in their communities.
CorTrust Bank ALM (Artesian, Letcher, Mt. Vernon) Community Foundation Grant
The CorTrust Bank ALM (Artesian - Letcher - Mt. Vernon) Community Foundation is an organization formed to attract and distribute gifts of capital to charitable agencies for community betterment. It was initially funded by CorTrust Bank with a match from the South Dakota Community Foundation for the benefit of the Artesian, Letcher, and Mt. Vernon communities. The first grants were awarded in August 2000.
Qualifications and Considerations
The purpose of the project that funds are being requested for should fulfill a community need, and/or benefit the community in general. Projects that involve significant and continuous volunteer community support to enhance their existing programs and this project will be favorably considered.
The Board typically does not allow for grant funding of improvements to buildings, grounds and utilities, or for operating expenses.
The IRS now requires a non-profit organization be verified by the IRS. Proof of non-profit status may be required upon request. Governmental entities (cities, counties, schools) and churches are exempt from the verification requirements and are eligible to receive grant funding.
Multiple or repeat proposals from one organization for the same project are discouraged.Projects should not be already completed at the time of the application.

Eligibility

Governmental entities (cities, counties, schools) and churches are exempt from the verification requirements and are eligible to receive grant funding.