Paul and Muffy Christen made a $20 million bequest to the South Dakota Community Foundation, which will provide the nonprofit agency with an estimated $562,000 per year in interest earnings to give to charities statewide.
The donation takes three parts. A quarter of it will be a donation to the South Dakota Fund, which makes unrestricted donations throughout the state. That $5 million grant is a "challenge grant," taking effect only when the foundation raises another $5 million to match it, for a total increase of $10 million.
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%0D%0A%20%20The%20donation%20takes%20three%20parts.%20A%20quarter%20of%20it%20will%20be%20a%20donation%20to%20the%20South%20Dakota%20Fund,%20which%20makes%20unrestricted%20donations%20throughout%20the%20state.%20That%20$5%20million%20grant%20is%20a%20"challenge%20grant,"%20taking%20effect%20only%20when%20the%20foundation%20raises%20another%20$5%20million%20to%20match%20it,%20for%20a%20total%20increase%20of%20$10%20million.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fcouple-pledge-20-million-south-dakota-community-foundation%2F" target="_blank" class="email" data-post-id="18500" type="icon_link"> Email Email
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