The CorTrust Bank ALM (Artesian, Letcher, Mount Vernon) Community Foundation board of directors met recently to award its semi-annual grants.
The following distributions were approved:
*Letcher Volunteer Fire Department, for $800 to be used to purchase poker chips for their annual poker tournament fundraising event.
*Forestburg Community Development Corporation, for $2,500 to be used for continued improvements at the old ball park in Forestburg and current site of the Melon Festival, including wiring in additional outlets, installing a water hydrant and the purchase of banquet tables and canopies.
The CorTrust Bank ALM Community Foundation is an organization formed to attract and distribute gifts of capital 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 Mount Vernon communities.
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The first grants were awarded in August 2000. Grant applications are considered based on several factors, including the potential benefit of the proposed project to the particular population to be served and to the community as a whole. The CorTrust Bank ALM Community Foundation has awarded more than $117,000 since its inception.
The CorTrust Bank ALM Community Foundation encourages and welcomes donations, memorial gifts, bequests and gifts of capital. The income generated from investment of these funds is then made available for grants. Donors may restrict their gifts to certain types of grants or to certain communities, or they may designate them as unrestricted.
The CorTrust Bank ALM Community Foundation is managed by a board of directors that consists of people from the Artesian, Letcher and Mount Vernon communities, as well as from CorTrust Bank. The current members of the board of directors are Jeff Ebersdorfer, from Artesian; Gibi Page, from Fedora; Lori Kluth and Cheryl Hohbach, from Mount Vernon; Sherri Stekl and Janet Maeschen, from Letcher; and Liz Hoffman, Barb Metzinger and Don Threadgold from CorTrust Bank.
The board meets twice a year to review grant applications. The next grant application deadline is Aug. 15. Applications and more information can be obtained from the CorTrust Banks in Artesian, Letcher and Mt. Vernon, or at www.sdcommunityfoundation.org/almfoundation
