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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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Our
formal mission statement is: “To improve the quality of life for
North Dakota’s citizens through charitable giving and promoting
philanthropy.” This is, of course, rather a broad statement of
mission. Just how does one go about accomplishing it?
I believe that it was Warren Buffet who, when asked for career
advice by a young person, responded with, “Try to be useful”.
We, at the North Dakota Community Foundation think that is
excellent advice and have taken it to heart. |
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NDCF
Board Chairman, Linda Steve, Dickinson Certified Public
Accountant |
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strive to be useful to our donors, our grantees and the citizens
of North Dakota. Building a permanent charitable resource to
serve some of the needs of the State’s citizens is our main
business. The various endowment funds listed in these pages now
number over 400. They are useful to the citizens of North Dakota
in the grants that they give which are also listed in this
report. When the Carrington Community Fund makes a grant to the
Carrington City Library, that is useful in allowing the Library
to better serve its patrons. When the Grafton Community Fund
makes a grant for the Collette Community Fitness Center, it is
useful in improving this resource which helps keep the citizens
of Grafton physically fit. |
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Kevin
Dvorak, President and CEO, NDCF, Bismarck,
North Dakota |
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This brings up
another point about foundations in general, nothing happens until a
grant is made. The heavy lifting is done by the local groups all
across the State who build the buildings, work with those less
fortunate, or serve as a local volunteers. Foundations such as ours
provide monetary support to help these organizations to accomplish
their missions and objectives.
Perhaps after looking over this report, you might be inspired to
support the NDCF Unrestricted Endowment, or any of our restricted
funds. In doing this, you will join us in our mission of being
useful to the citizens of this great State. |
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Top
of Page |
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2004-2005 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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George
Cox, Retired Banker/Volunteer
Neil Fedje, Cavalier; Banker
H. Michael Hardy; Fargo Retired Businessman
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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2004 Auditor's
Report |
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Widmer Roel PC, an
independent certified public accounting firm, has audited the
Foundation’s financial statements for the year ended December 31,
2004. The auditors have issued their unqualified opinion dated
January 12, 2005, on the basic financial statements. Copies of the
audit 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 $2,294,915 for the year. |
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Grants |
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A
total of $1,489,666 in Grants were made during 2004. They are
outlined on this website as follows: |
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Restricted Endowment Fund Grants
- $840,004
Unrestricted Fund Grants -
$79,600
Non-Endowment
Fund Grants - $1,489,666 |
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Fund
Balances |
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Fund balances
totaled $23,522,679 at the end of 2004 as follows: |
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Operating Endowment Fund Balance -
$811,636
Restricted Endowment Fund Balance -
$15,447,643
Unrestricted Endowment Fund Balance
- $2,366,508
Restricted Endowment Fund Grantable Balances - $211,992
Restricted Non-Endowment Fund Grantable Balances - $4,387,531
Unrestricted Operating Fund Balance - $297,369 |
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