Willmar Foundation receives record $18.2 million in gifts
WILLMAR — The Willmar Area Community Foundation and Central Minnesota Community Foundation, its parent organization, have received a record $18.2 million in gifts in the first six months of its fiscal year to push the Foundation’s total assets over $100 million for the first time.
The Willmar Foundation received $130,000 in gifts during the first half of the fiscal year ending Dec. 31 and established its first affiliate fund, the New London-Spicer Area Fund. The Willmar Foundation also received a lead trust gift to the New London-Spicer Area Fund that will bring another $200,000 over the next seven years.
Executive Director Sara Carlson said the Willmar Foundation has become a resource for individuals, organizations and businesses interested in making the community better for future generations to come.“We are thankful for the generosity of this community and that we have the support of such a strong organization as the (Central Minnesota Community Foundation),’’ she said.The end of 2013 brought a significant spike in giving by local individuals and organizations. Together with its affiliates like the Willmar foundation, the Central Minnesota Community Foundation received $16.1 million of the $18.2 million gifts in December.The Community Foundation established 25 new funds in Willmar, St. Cloud, Alexandria, Brainerd and surrounding areas during the first half of its fiscal year ending Dec. 31, 2013. These new funds represent $9.9 million in gifts.The Willmar Area Community Foundation is part of the Central Minnesota Community Foundation, a public charity since 1985 that administers more than 600 charitable funds totaling more than $100 million for the benefit of local residents.