This content is from: Corner Office

South Dakota Foundation Gets $20M

South Dakota Community Foundation has secured a $20 million allocation from Paul Christen and Muffy Christen.

South Dakota Community Foundation has secured a $20 million allocation from Paul Christen and Muffy Christen, The Rapid City Journal reports. The donation will be used to establish the Paul and Muffy Christen Legacy Fund.

Around $12.5 million of the grant will provide matching funds for other nonprofit organizations that also start endowment funds with the foundation, while $5 million will directly go to the South Dakota Fund. The remaining $2.5 million will go to the foundation’s Community Savings Account project for community charities.

Click here for story from The Rapid City Journal.

Related Content