Donor contributions, along with investment earnings, allowed Mid-Nebraska Community Foundation to award $2,251,000 in grants to nonprofit causes and scholarships for college students during its 2023-2024 fiscal year. The huge majority of these grants and scholarships benefited people and nonprofit causes in the 12-county North Platte region. Mid-Nebraska Community Foundation administers about 350 charitable funds with assets totaling $56 million that will fuel grants and scholarships well into the future. Funds administered by Mid-Nebraska Community Foundation are invested in a manner appropriate to the purpose and the time frame of each fund. Long-term funds and endowments are invested for long-term performance. From June 1980 through May 2024, long-term investments returned an average of 7.48% per year. Intermediate-term funds are invested in a more conservative manner than endowments and other long-term funds. Short-term funds such as active project funds are invested in a very conservative manner with asset preservation being the paramount goal. As a 501(c)(3) charitable organization, contributions to Mid-Nebraska Community Foundation are tax deductible and investment returns are tax-exempt. There are many reasons why donors give to funds at Mid-Nebraska Community Foundation. Donors can support their favorite local causes, establish new funds to meet their own personal charitable goals, and/or help meet changing and ongoing needs in this region. Tax-exempt investment returns boost charitable impact.
