Luverne Area Community Foundation
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      • Executive Officers >
        • Mike Cox
        • Nadine Schoep
        • Mike Engesser
        • Sharla Reisch
      • Board Members >
        • JIm Juhl
        • Jeff Haubrich
        • Keith Elbers
        • Isaac DeBoer
        • Elizabeth Schear
        • Ryan Johnson
        • Mary Tilstra
        • Nancy Sandager
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Grant Formula for Distribution

Grant money given out each year is made possible from two endowed funds held by the foundation and invested with First National Bank and Investment in Sioux Falls. The Community Healthcare Fund and the Community Grant Fund
  • We review the quarterly average from the previous 16 quarters.
  •  The 16 previous quarter’s “average” return is then slotted into:
​​​                          1. ​​Negative to zero return​​ 3.5% distribution
                          2. 
Zero to 5% return ​​4.0% distribution
                          3. 
5% to 7% return​​ 4.5% distribution
​                          4. 
7% + return ​​​5.0% distribution
  • The gifting distribution is then recommended to the full board by the Finance Committee using a percentage of the fund balance on December 31st  of the previous year.  This distribution is then divided in half for each fund with the first half given out in April and second half in October of each year.

Contact Us

TELEPHONE NUMBER
507-220-2424

ADDRESS
P,O. Box 623
102 E. Main St.
Luverne, MN 56156

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QUICK LINKS

  • Make a Donation​
  • Luverne PEO Scholarship
  • Download Annual Report 2018
  • Download Annual Report 2017
  • Download Annual Report 2016
  • Download Annual Report 2015
  • Home
  • About LACF
    • LACF History
    • News and Events
    • Contact Information
    • Board of Directors >
      • Executive Officers >
        • Mike Cox
        • Nadine Schoep
        • Mike Engesser
        • Sharla Reisch
      • Board Members >
        • JIm Juhl
        • Jeff Haubrich
        • Keith Elbers
        • Isaac DeBoer
        • Elizabeth Schear
        • Ryan Johnson
        • Mary Tilstra
        • Nancy Sandager
    • Fund Holder Forms
  • Become a Donor
    • Make a Donation
    • Benefits to the Donor
    • Donor Stories >
      • Gene and Barb Ashby
      • Katie Hemme’s Story
      • LaRock Family Story
      • Eric Crabtree Memorial Story
    • Special Gifts
    • Donor List
  • Grant Information
    • Apply Now
    • Grant Distribution Formula
    • Who Can Apply?
    • Application Information
    • Grant Review Process
    • Past Grant Earners
  • Our Partners
    • BackPack Program
    • Big Buddies of Rock County
    • Blue Mound Area Theater
    • Child Guide
    • Luverne Basketball Association
    • Luverne Community Education
    • Luverne Education/Legacy Fund (LELF)
    • Rock County Ag Society
    • Rock County Food Shelf
    • Rock County Historical Society
    • Sanford Healing Gardens
    • Sanford Health Luverne
    • Sanford Hospice Luverne
    • Southwest Crisis Center
  • Awards
    • Outstanding Corportation/Business
    • Spirit of Philanthropy
    • Nonprofit Spotlight
  • For Advisors
    • Your Client and Philanthropic Planning
    • Investment Partners Program
    • Frequently Asked Questions
    • Resources
  • Forms