CWS Launches Founders Campaign
At their April 2018 retreat, members of the CWS Board of Directors and National Advisory Council affirmed a proposal by Executive Director Dr. Harry Thompson to move forward with the Strategic Plan 2020 goal of achieving a $10 million endowment within five years. Sioux Falls businessman and philanthropist Darwin Sletten, a member of the Board, kicked off the Founders Campaign with a lead pledge and agreed to serve as honorary campaign chair.
The possibility of achieving the $10 million goal by 2023 is very likely, Thompson indicated. The value of CWS-designated endowment funds held at Augustana University, as well as those at the Sioux Falls Area Community Foundation and First National Bank in Sioux Falls, is $9.1 million. Thompson provided illustrations to the Board and Council showing that $400,000 in new gifts and $500,000 in conservative capital appreciation over the next five years should reach the $10 million goal.
In April 2018, CWS launched the quiet phase of its Founders Campaign, and with lead pledges, gifts, and matching funds exceeding $200,000, the Center was already more than half-way toward its $400,000 goal by fall. Additional pledges and one-time gifts made by December 31, 2018, were eligible for a 15% match.
The Founders Campaign also provides an opportunity during the 55-50 anniversary years to recognize those visionaries who saw the promise of a research center focused on our region. Many CWS members are familiar with one or more of the following founders and may designate their endowment gift in their honor.
- Founding Director: Herbert Krause
- Co-director: William Wyatt
- Executive Secretary: Gary D. Olson
- First Board of Directors (1971-72): Raymond Dunmire, Sven G. Froiland, William Geyer, Arthur R. Huseboe, Tom Kilian, Duane Matz, C. J. McDonald, Gary D. Olson, and Elliott Thoreson
- Augustana President Supporting Establishment: Charles Balcer
- First Full-time Executive Director: Sven G. Froiland
- First Major Benefactor: Richard Cropp
The Founders Campaign builds upon the success of an earlier endowment campaign which reached a milestone in 2013. Gifts of $1.4 million earned a $300,000 challenge grant from the National Endowment for the Humanities (NEH), bringing the total amount raised in that effort to $1.7 million.
Core programs that continue to benefit from that campaign are the following: Archives and Library, Art Program and Educational Exhibits, Dakota Conference, Publications, and the Fantle Building. In 2013, Executive Director Harry Thompson, project director and co-author of the NEH grant (with Paul Krueger), remarked, "As the result of the generous commitment by many individuals to this endowment campaign, the Center is entering a period of unsurpassed financial stability."
Contact Harry Thompson at 605.274.4007 or email@example.com to help build the CWS endowment.