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Index |
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Report of the Chair and President
Board of Directors
Auditors Report
Gifts Received
Operating Fund
Restricted Endowment Funds
Grantable Funds
Unrestricted Endowment
Funds
Restricted Non-endowment Funds
Grants
Restricted Endowment Fund
Unrestricted Endowment Fund
Non-Endowment
Fund
Endowment Balances
Restricted Endowment Fund
Unrestricted Endowment Fund
Operating Fund
Asset Growth Chart
Resource Center Activities
Memorials |
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Report of Chair
& President |
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A
question that comes up often in conversation is “Just what is
the North Dakota Community Foundation?” Sometimes it’s hard to
put into a punchy sentence or two just what the NDCF is and
does. The usual response is that the Community Foundation is a
state-wide IRS Designated 501(c)(3) public charitable
foundation. That description gives you a one sentence legal
description of what the North Dakota Community Foundation is.
This booklet and accompanying Newsletter give you a much better
picture of the NDCF and just what the Community Foundation does.
Another, |
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NDCF
Board Chairman, Linda Steve, Dickinson Certified Public
Accountant |
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probably more descriptive, answer to the question posed above is
that the North Dakota Community Foundation allows North Dakotans
and those interested in North Dakota a vehicle to accomplish
their charitable goals.
In the pages that follow you will find lists of gifts received,
grants made and endowment balances. Notice the diversity of
organizations which have received assistance from the North
Dakota Community Foundation; diversity not only in type of
organization, but also in geographic location and size of
organization. |
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Kevin
Dvorak, President and CEO, NDCF, Bismarck,
North Dakota |
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In addition, you
will note scholarship grants to literally hundreds of North Dakota
kids. This is the “good” that the Community Foundation is chartered
to do as an IRS Designated 501(c)(3) charitable organization. |
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The organizations
which receive grants turn that money into service to North Dakota
citizens. The students turn our scholarship grants into knowledge
with the help of the institutions of higher learning which they
attend. This leads to more productive citizens who will lead our
state and country in the future. |
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On the facing page
are the names of the NDCF Board of Directors. These people from
across the State and from various walks of life are volunteers who
give of their time, talent and treasure to serve. They receive no
monetary compensation for their service on the Board. In fact, we
ask them to give in support of the Foundation’s work. They do,
however, receive something very precious in return for their
service; the satisfaction of giving back to their communities and
State. Consider how you might find some of that same satisfaction
through the North Dakota Community Foundation. |
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Top
of Page |
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2003-2004 BOARD
OF DIRECTORS |
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CHAIRMAN |
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Linda
Steve, Dickinson
Certified Public Accountant |
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VICE CHAIRMAN |
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David
“White Thunder” Trottier, Dunseith, Business Owner |
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SECRETARY-TREASURER |
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Joanne
H. Ottmar, Jamestown, Attorney |
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DIRECTORS |
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Orlin
Backes, Minot, Attorney
Neil Fedje, Cavalier, Banker
Joe Hauer, Bismarck, Businessman
Tara Holt, Bismarck, Independent Business Woman
Dan Liberda, Carrington, Insurance Agent
Barbara Mayer, Regent, Business Woman
Rosemarie Myrdal, Edinburg, Committee Volunteer/Farmer
Lynn Nelson, LaMoure, Business Woman/Farmer
Lowell D.Overbo, Ashley, Retired Bank President
Chad Peterson, Fargo, Architect
Top of Page |
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STAFF |
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Kevin
J. Dvorak, President & CEO
Amy N. Warnke, Development Director
Valerie M. Bren, Executive Assistant |
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Mission Statement |
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The
mission statement of the North Dakota Community Foundation is to
improve the quality of life for North Dakota’s citizens through
charitable giving and promoting philanthropy. |
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2003 Auditor's
Report |
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Rodney W. Melby,
an independent certified public accountant, has audited the
Foundation’s financial statements for the year ended December 31,
2003. The auditor has issued his unqualified opinion dated January
15, 2004, on the basic financial statements. Copies of the audited
financial statements are on file at the Foundation’s office for
inspection. The following financial statements are excerpts from the
audit report. |
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Donations are listed on a single
page within this website and total $3,461,511 for the year. |
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Grants |
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A
total of $900,385 in Grants were made during 2003. They are
outlined on this website as follows: |
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Restricted Endowment Fund Grants
- $322,459
Unrestricted Fund Grants -
$62,800
Non-Endowment
Fund Grants - $515,126 |
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Fund
Balances |
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Fund balances
totaled $21,535,367 at the end of 2003 as follows: |
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Operating Endowment Fund Balance -
$765,130
Restricted Endowment Fund Balance -
$14,400,370
Unrestricted Endowment Fund Balance
- $2,243,999
Restricted Endowment Fund Grantable Balances - $196,915
Restricted Non-Endowment Fund Grantable Balances - $3,635,861
Unrestricted Operating Fund Balance - $293,092 |
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