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Hibbing Foundation's 'Family of Funds'

Through our affiliation with Minnesota Community Foundation, a community fund like the Hibbing Foundation can serve as an “umbrella” for a group of related funds benefiting our community.

A ‘Family of Funds' is usually arranged under the community foundation's main fund (Hibbing Foundation – the general unrestricted endowment fund) at Minnesota Community Foundation and has benefits for both donors and the Hibbing Foundation.

Endowment Funds

Funds where only the interest is available to grant.
Provisional Funds:

Funds where both the principle and interest are available to grant.
  • Hibbing Foundation Grantmaking Fund
  • Hibbing Foundation Operating Fund
Community Advised Funds:

Funds that are endowed and are advised-on by the Hibbing Foundation advisory board or other established advisory boards.
  • John and Katherine Boentje Fund
  • Carl M. and Dolores M. D’Aquila Family Fund
  • Linda Forti Fund
  • Robert L. ‘Butch’ Hamre Fund
  • June B. Hendrickson Fund for Academic Competitions
  • Hibbing High School Auditorium Fund
  • Hibbing High School Organ Fund
  • Jeno F. and Lois Mae Paulucci Fund
  • Bruno and Sylvia Perell Family Fund
  • James H. Ryan Family Fund
  • John and Nancy Ryan Family Fund
Non-Profit Organizational Endowment Funds:

Funds that are established by the non-profit for its own benefit.
  • Friends of the Greyhound Bus Museum Fund
  • Hibbing College Foundation General Endowment Fund
  • Life Enrichment for the Elderly General Endowment Fund
Designated Endowment Funds:

Funds that are established with gifts from individuals designated for a named non-profit.
  • Katheryn Pedrotti Hibbing Library Fund
Donor Advised Funds:

Funds that are established by a donor(s) and they advise on the grant making.
  • John ‘Butch’ Emanuel Memorial Fund
  • Hilligoss Family Foundation
  • Rosy Frost Kirk Fund for the Performing Arts
  • Spanner Family Fund
  • Owens-Pesavento /Dr. Benjamin P. Owens Family Foundation
  • David and Pamela Perell Family Fund
  • Sylvia P. Perell Fund
  • The Hoffman Saccoman Family Foundation
  • Francis J. Ryan Special Needs Donor Advised Fund
Designated Endowment Scholarship Funds:

Funds that are established for the purpose of providing scholarship support.
  • Hibbing High School Scholarship Fund
  • Charles and Fern Archer Scholarship Fund
  • Katherine Hessler Scholarship Fund
  • Mickey Kelly Scholarship Fund for the Performing Arts
  • Leonard V. and Doreen M. Kotula Memorial Scholarship Fund
  • William H. Larson Hibbing Rotary Scholarship Fund
  • Lion’s Club Scholarship Fund
  • Anna Soldenski Scholarship Fund
  • Lempi Underwood Scholarship Fund
  • John and Betty Adamich Family Scholarship Fund
  • Jean L. St. Jean Hannigan Scholarship Fund
  • The Roy Carlson Scholarship Fund

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