New Charitable Fund To Leave Positive Impact On Community
March 1, 2017
A new charitable fund was recently established through the FM Area Foundation to support the Fargo-Moorhead area forever.
On Jan. 5, 2016, at the age of 92, Roland Stenerson passed away leaving an unrestricted gift in the amount of $509,658 to the FM Area Foundation and ultimately his community. The Roland Stenerson Designated Fund, created by Stenerson in 2009, was funded by proceeds from his Revocable Trust at the time of his passing.
Stenerson was born and raised in Felton, Minn, and spent his adult life working in business and education. He retired in Moorhead where he continued to enjoy sporting events, big band music and traveling.
This permanently endowed gift will help address changing community needs year after year in Roland’s name.
“A bequest that creates an endowment is one of the most meaningful legacies anyone can provide. It costs nothing during your lifetime, yet offers ongoing, perpetual support for the charities and causes that you have believed in and supported during your lifetime. Mr. Stenerson understood this, and as a result, the community will benefit forever from his generosity and thoughtfulness in creating this gift,” said Tim Beaton, Executive Director.
Distributions from the fund will be awarded through the Foundation’s annual, community grant round, which local nonprofit organizations apply to. The grants awarded are reviewed by a special grants committee made up of FM Area Foundation staff, board members, and community members and approved by the Foundation’s Board of Directors.
Surprise Grant Awarded to Local Organization
February 13, 2017
The FM Area Foundation recently awarded a surprise grant for $12,788 to Face It TOGETHER Fargo Moorhead. The recipient of the surprise grant was recommended and voted on by the FM Area Foundation's Board of Directors to address a critical need in our community.
“Addiction is a pressing issue in our area, and Face It TOGETHER is working to provide free, long-term peer recovery coaching to help people get well and stay well from the disease of addiction,” said Tim Beaton, FM Area Foundation Executive Director.
Face It TOGETHER is a startup nonprofit organization that will serve as a neutral hub for addiction support, navigating families to resources and services to help people recover. Face It TOGETHER is a wellness provider, offering free addiction services to help individuals and families stay well from the chronic disease of addiction. For additional information, www.faceitfargomoorhead.org.
Kristi Ulrich, Face It TOGETHER Fargo-Moorhead Executive Director states, “The grant will be used to help support the opening of a center so we can begin providing peer recovery coaching in the community. Face It TOGETHER is working to raise $120,000 by March 31 in order to meet the significant need for help in Fargo-Moorhead.”