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.
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