The Waseca Area Foundation has a fund portfolio of over 60+ funds. With a fund balance of over 10 million, we help donors establish a legacy by creating individual funds all while meeting their unique philanthropic goals.

Waseca Area Foundation

 

We are a lasting vehicle for individuals to give back to the community. Our Foundation’s general fund directs its grant making to projects and programs in the areas of education, arts & culture, health and human services, recreation and community service.

32 Years of growth

1989 Original Fund

$6,000

Fund Balance

1

Total Funds

Today’s Fund

$10,605,987

Fund Balance

60+

Total Funds

Waseca Area Foundation Family of Funds

WAF offers a variety of fund options to help donors meet their unique philanthropic goals.

Community Advised Funds

Funds are established by donors who wish to provide a lasting memorial and leave the granting process & decisions to the WAF Board. The grants from these funds are focused on the areas of education, health & human services, arts & culture, recreation and community service. Some of these funds have been set up as “restricted” which simply gives the WAF Board direction and criteria as to what that particular funds should prioritize with the grant dollars. The WAF currently administers community advised funds listed below.

Community Advised Funds

  • Barb Penny Youth Fund
  • City of Waseca Beautification Fund
  • Gedosch-Fell Memorial Fund
  • Harold H. and Gertrude Sturner Memorial Fund
  • Herb Streitz Memorial Band Fund
  • Homer & Elizabeth McIntire Endowment Fund
  • Janesville Area Foundation Fund
  • New Richland Area Foundation Fund
  • Vollbrecht Cultural Arts Legacy Fund
  • Waseca Area Foundation
  • Waseca Bluejays Public Schools Endowment Fund
  • Bud Schmidt Trucking Company Fund
  • Curt & Nita Sjoberg Education Fund
  • Dr. O.J. and Betty Swenson Fund
  • Dr. Robert M. and Helen C. Collins Fund
  • James B. Corchoran Memorial Fund
  • Jane & John King Family Fund
  • Neil & Sharon Fruechte Fund
  • John P Priebe Memorial Fund for Education
  • John P Priebe Community Runs & Events Fund
  • Roy & Jeanette Tollefson Fund
  • The Rutledge Family Fund
  • Waseca Area Foundation Endowment Fund
  • Waseca Area Foundation Grantmaking Fund
  • Wes & Carol Rethwill Fund
  • W.H. & Estelle Rethwill Fund

Donor Advised Funds

Donors establish these funds and continue to advise and oversee the granting process. The WAF currently holds the donor advised funds listed below.

Donor Advised Funds

  • The Rutledge/Stevens Trinity United Methodist
  • Church Music Fund
  • Schroeder Family Scholarship Fund for Nursing
  • Searle Family Fund for Farmamerica
  • Stoltenberg Rotary Scholarship Fund
  • Suburban Soliloquy Scholarship Fund
  • Waseca Area Foundation Operations Endowment Fund
  • Waseca Arts Council Fund
  • Waseca County Historical Society Endowment Fund
  • Waseca County Historical Society Lifetime Fund
  • Waseca Public Library Fund
  • Frank & Barbara Goodspeed Memorial Fund
  • Greg & Donnette Wheelock Agricultural Scholarship Fund
  • Harold & Bonita Ackman and Myron & Caryn Wendt Fund
  • Jerry & Linda Rutledge Heritage Fund
  • Joe Finley Family Scholarship Fund – Janesville
  • Katie Zika Athletic Scholarship Fund
  • Marvin & Ardis Sutter Family Fund
  • Mavis Wheelock Memorial Health Care Fund
  • Monday Study Club Scholarship Fund
  • Phil Allen Memorial Fun
  • Tracy Jevning Memorial Fund
  • Abigail Claire Wendland Performing Arts Fund
  • By-the-Grace-of-God Fund
  • Caleb Lane Erickson Memorial Fund
  • Cally Jo Children’s Fund
  • John W. Priebe Family Foundation Fund
  • Noah & Samuel Priebe Memorial Fund
  • Pooley Family Fund
  • Rosenau Waseca Parks and Trails Fund
  • Rosenau Fire Department Fund
  • Wes & Carol Rethwill History Fund
  • Rosenau Law Enforcement Fund
  • Rosenau Legacy of Angels Fund
  • Rosenau Waseca Schools Band Fund
  • Rosenau Waseca Schools Fund
  • Rosenau Waseca Schools Technology Fund
  • Sankovitz Family Fund – First National Bank
  • Stacy Lynn Rosenau Fund
  • Class of 1960 Community Scholarship Fund Donald D. Eustice Memorial Fund
  • Edgar & Ethel Johnson Fund
  • Faith in the Future

Non Profit Endowment Funds

These funds were established by a non-profit organization to benefit themselves. Contributions can only come from the non-profit themselves and the earnings are directed into the non-profit themselves. “Savings Account” for the non-profit. The WAF holds the non profit endowment funds listed below.

Non Profit Endowment Funds

  • Frank and Barbara Goodspeed Memorial Fund
    Donald D. Eustice Memorial Fund
    Waseca County Historical Society Lifetime Endowment Fund
  • Waseca Area Hospice, Inc. Endowment Fund
    Marvin and Ardis Sutter Family Fund

Designated Funds

A designated fund is a restricted fund with the stipulation that the charitable contributions be used for a specific purpose. Scholarship Funds fall under this category. The WAF currently holds the designated funds listed below.

Designated Funds

  • Jerry & Linda Rutledge Hertiage Fund for the Waseca County Historical Society
    Rutledge-Stevens Trinity United Methodist Church Music Fund
    Waseca Public Library Fund
    Wes and Carol Rethwill History Fund
    Edgar F. & Ethel Johnson Fund (Waseca County Historical Society)
    Waseca County Historical Society Endowment Fund
    Faith in the Future
    Dr. Mel Strand’s English Educator
  • Enrichment Endeavor Fund
  • Greg Ashland Memorial Fund
  • Monday Study Club Scholarship Fund
    Waseca High School Class of 1960 Community Scholarship Fund
    Schroeder Family Scholarship Fund for Nursing
    Mavis Wheelock Memorial Healthcare Scholarship Fund
    Katie Zika Athletic Scholarship Fund
    Joe Finley Family Scholarship Fund
    Harold & Bonita Ackman and Myron & Caryn Wendt Fund
    Stoltenberg-Rotary Scholarship Fund
  • Medo Lutheran Church Assoc. Fund
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