Milbank Community Foundation

Frequently Asked Questions

What is Philanthropy?

Philanthropy, by definition, means to be charitable for the betterment of mankind.  We believe philanthropy means changing the world.  It often satisfies a personal need for the donor, is done with passion, and takes a planned, conscious effort.

What is a Community Foundation?

Community foundations are tax-exempt public charities serving thousands of people who share a common goal of improving the quality of life in their area.

Individuals, families, businesses, and organizations create permanent charitable funds that help their communities meet the challenges of changing times.  The foundation will receive and administer a permanent collection of endowed funds from many different sources with charitable purposes for the long-term benefit of the Milbank area.

All community foundations are overseen by a volunteer board of leading citizens and run by professionals with expertise in knowing the needs of the community.

How are Your Assets Invested?

The Milbank Community Foundation board established an investment policy to follow the Federal US Prime Rate.

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