The Larimore Community Endowment Fund operates with a clear mission to benefit projects and nonprofit organizations within Larimore, North Dakota. Established in 1981 by local residents, the fund addresses a critical need for financial support among community organizations. It functions as a method for receiving donations and subsequently distributing grants, aligning its operations with the broader goals of community development and local empowerment. This foundation is affiliated with the North Dakota Community Foundation, a 501(c)(3) nonprofit, ensuring its adherence to tax-exempt regulations and established charitable practices.
The primary target beneficiaries of the Larimore Community Endowment Fund are nonprofit, tax-exempt organizations under IRS Code 501(c)(3) or government agencies located within the city of Larimore. The fund's impact goals are centered on strengthening the local community by providing essential financial backing to these organizations. By doing so, it aims to foster a more vibrant and supported environment for various community initiatives and services.
The fund's priorities and focuses revolve around building its financial capacity and recommending grants annually. This strategic approach ensures sustained support for eligible organizations in Larimore. The volunteer-managed structure emphasizes local involvement and responsiveness to the community's evolving needs, with the main activities being fund development and the careful selection of grant recipients.
Expected outcomes include the successful funding of projects that directly benefit the Larimore community, contributing to the growth and sustainability of local nonprofits and government agencies. While specific measurable results are not detailed in the provided information beyond the annual grant recommendations, the overarching theory of change suggests that by providing consistent financial resources, the fund empowers local entities to achieve their respective missions, ultimately leading to a stronger and more resilient Larimore. The foundation's strategic priority is to continually build its endowment to ensure long-term support for the community.
