The Montana Community Foundation Annual Distributions
March 14, 2022
The Montana Community Foundation, Inc. (MCF) recently announced it has completed its annual endowment distribution process, distributing $4.3 million to more than 700 nonprofit organizations and funds. These distributions were awarded from 613 charitable endowments, held at MCF, to support a variety of nonprofit organizations and meaningful causes across Montana.
Strong investment returns and generous contributions resulted in MCF distributing nearly $520,000 more in 2022 than in 2021 to benefit Montana communities. The average distribution amount was $2,700. The largest distribution, more than $130,000, was made to West Yellowstone Foundation, MCF’s first local community foundation affiliate.
“We are thrilled to complete this process and provide statewide support to organizations doing vital work across Montana,” says Mary Rutherford, MCF president and chief executive officer. “Through the power of endowed philanthropy, we are making a lasting impact for the good of Montana forever.”
An endowment is a fund held in perpetuity for charitable benefit. The funds are invested and, as the fund grows, returns are used to support the designated beneficiary or organization.
During MCF’s annual endowment distribution process, nonprofit organizations receive an annual distribution to be used for general operating purposes, unless specified otherwise. This provides a stable source of income year after year.
Local community foundations received $254,329 which will be used for local grantmaking in their communities.
For more information, contact Kacie Tollefson, MCF Controller, at email@example.com or (406) 443-8313.