Mission
The mission of the Hermantown Community Fund is to build permanent endowed funds to meet the charitable needs of the Hermantown area by seeking philanthropic assets, developing a local grant making program and providing financial stewardship and leadership. The Hermantown Community Fund is an affiliate fund of the Duluth-Superior Area Community Foundation.

What is a Community Foundation?
Community Foundations are a unique way to encourage local philanthropy and to secure charitable resources for the community. Together, charitable donors, community leaders, and service providers partner to create solutions to community challenges. The gifts of many contributors are managed by the community foundation and the income from these resources is distributed to a wide variety of causes. It's a philanthropic choice that minimizes costs and maximizes charitable impact.

What is the Hermantown Community Fund?
The Hermantown Community Fund, established in 2005, is an affiliate fund of the Duluth-Superior Area Community Foundation.

Area residents created the Hermantown Community Fund to build permanent endowed funds to meet the charitable needs of the Hermantown area.

The Hermantown Community Family of Funds includes: Hermantown Community Fund, Hermantown Community Operating Fund, and Jackson Club Scholarship Fund.

As an affiliate fund of an established Community Foundation, the Hermantown Community Fund enjoys the benefit of an experienced staff, administrative support, and the advantage of pooling resources for investment. The Duluth-Superior Area Community Foundation is a tax-exempt public charity.

Who decides how the Funds are distributed?
The Hermantown Community Fund Advisory Board is made up of residents, business leaders, and others with significant ties to the region representing the broad interests of the community. When the Hermantown Community Fund begins its grant making from its unrestricted fund, grant allocations will be recommended by the Grants Committee of the Advisory Board. In turn, those recommendations must be approved by the Board of Trustees of the Duluth-Superior Area Community Foundation, which has legal responsibility for final distribution of funds.

How are the Assets administered?
The Duluth-Superior Area Community Foundation provides sound investment management. By pooling individual gifts and/or funds, one can realize economies of scale through the association with the Duluth-Superior Area Community Foundation's investment portfolio.

Join us!

We invite you to consider how the Hermantown Community Fund can help you accomplish your charitable goals. Donors often choose to honor loved ones with gifts given in their memory or in celebration of an event in their lives (marriage, anniversary, etc.).

Together, the Hermantown Community Fund and the Duluth-Superior Area Community Foundation offer various types of funds to accommodate diverse philanthropic interests and giving styles:

UNRESTRICTED FUNDS are the most flexible and responsive to meet changing community needs. Gifts in any amount are gratefully accepted at any time. RESTRICTED FUNDS, including Field of Interest Funds, Designated Funds, Scholarship Funds, and Donor Advised Funds, can be created to meet specific charitable needs. A description of these fund options is included in the Ways to Contribute section. All contributions are tax deductible as provided by law.

Create a Lasting Legacy
There are many ways to make a lasting gift to the community. Donors can designate gifts to the Hermantown Community Fund in many forms, including: cash, stocks, bonds, real estate, life insurance, and IRAs. Consider joining those who have made a bequest in their will to benefit the Hermantown area. A description of these options is included in the Ways to Contribute section.

Hermantown Community Fund Advisory Board
Keith MacDonald, Chair, Mayor, City of Hermantown
Steve Overom, Vice-Chair, Maki & Overom
Mary Johnson, Secretary/Treasurer, Community Representative
Lois Fichtner, Community Representative
Myron Lindahl, Community Representative
Jamie Jago, Community Representative
Wade Petrich, Hermantown Star
Lonnie Swartz, National Bank of Commerce
Seth Taran, Community Representative

Staff:

Becky Byers Strand
Development Officer
Duluth-Superior Area Community Foundation
218-726-0232
bbstrand@dsacommunityfoundation.com

Holly C. Sampson
President
Duluth-Superior Area Community Foundation
218-726-0232
info@dsacommunityfoundation.com