Local Area Funds of The Northwest Minnesota Foundation

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Northwest Minnesota Foundation Home Page

The Roseau Area Community Fund was established in 1996 as the Roseau Community and Education Fund. Former District #682 Superintendent Herb Benz started the Fund with a generous gift of $7,000 to provide financial support for activities, projects or services, which enhance the cultural, education and recreation opportunities in the region.

Funds

Roseau Area Education Fund

Roseau Scholarships

Roseau Area Friends of the Library Fund

The 2002 flood demonstrated the importance of the Roseau Community and

Education Fund and led directly to the amendment of its purpose. A broader and more inclusive purpose was given to the Fund “to provide financial support for charitable, educational and public purpose activities, projects, or services that enhance or otherwise improve the quality of life enjoyed by residents and/or visitors of the Roseau, Minnesota area.” The Fund purpose was further amended to state “The Fund will be a catalyst in stimulating projects that improve the quality of life in the community and help achieve Roseau’s vision for its future.”

GOALS AND OBJECTIVES:

With an active Advisory Committee, the Roseau Area Community Fund plans to:

Meet the charitable needs of our friends by creating more opportunities for private charitable investment back into the community.
Raise a total of $500,000 in endowment donations by July, 2008 and encourage the establishment of field-of-interest, agency endowment funds, and donor-advised funds.
Establish a strong Education Fund program in conjunction with the school district. Establish a diverse family of Community Service funds, including the priority areas of Leisure and Recreation, Aesthetic Development, Arts, Culture and Education, Youth Activities and Senior Enrichment.

ADVISORY COMMITTEE

A local Advisory Committee leads the Roseau Area Community Fund. The committee is a very committed and involved group of local leaders. Every member is a donor to the endowment fund; every member is a doer in the organization’s activities and presentations; and, every member is helping to open doors that will involve more members of the community in the spirit of charitable endowment building. The committee is committed to establishing a strong community foundation as a vehicle for philanthropy for the benefit of both donors and recipients. However diverse their backgrounds, the common goal of the committee is the same: plant the seeds today to bear fruit for the future. Various sub committees have been formed to share the responsibilities of the group.

The Executive Committee members are:

Don Miller
Mary Ross
Mary Dieter
Rusty Billberg
Nancy Swanson

Elizabeth Kvien
Steve Pavek
Todd Peterson
Phil Sallberg
Linda Vatnsdal - Chair

NEW RESTRICTED FUNDS

Roseau Adult Education Fund

Supports Roseau residents for pursuit of post-secondary education degrees and community education for skills training or enhancement

Roseau Parks and Recreation Fund

Supports parks, trails, and recreational amenities of the Roseau area

HOW CAN I HELP?

Current Gifts to Consider

Cash – One-time or multi-year pledges are often fully tax-deductible.
Real Estate – A gift of property can provide federal tax advantages.
Memorials – A gift may be made in memory of a loved one to create a lasting remembrance.
Appreciated Securities – By giving stocks or bonds, donors may be able to bypass capital gains taxes.
Retirement Plan Assets – By naming the Roseau Area Community Fund or one of the sub-funds as beneficiary of a qualified retirement plan, donors may retain control and receive lifetime income benefits.

Future Gifts to Consider

Wills – By naming the Roseau Area Community Fund as a beneficiary, donors may identify a specific dollar amount, a percentage of assets or the residual of their estate, to be donated upon their death.
Life Insurance – Donors may earn tax benefits by naming the Roseau Area Community Fund or one of its sub-funds as owner of a new or existing policy, or by naming the same as a policy beneficiary.
Charitable Gift Annuities – Donors may earn an income tax deduction and lifetime annuity payments by making a permanent gift of cash or stock to the Roseau Area Community Fund or a sub-fund.
Charitable Remainder Trusts – A special tax-exempt, irrevocable arrangement whereby donors transfer cash or assets to a trust account and receive income for life or other stated period of time. Trust accounts are eventually transferred to the Roseau Area Community Fund or sub-fund general endowments to accomplish charitable goals.Contact Ritchie Houge, NMF vice president of philanthropic services at 800-659-7859 for assistance or more information.

LINKS

	City of Roseau, Minnesota
	Roseau Community Schools

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