city-of-altamont-meeting-minutes-november-14-2024_d2e.pdf
Council Discusses Endowment Fund with Parsons Area Community Foundation
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Description
The council discussed creating an endowed fund with Parsons Area Community Foundation, requiring a $5,000 deposit, to benefit local organizations through annual interest income.
Contract Details
Contract Amount
$5,000 required deposit (endowment account)
Vendor
PARSONS AREA COMMUNITY FOUNDATION
Agency
Town of Altamont, SD
Contract Type
FINANCIAL_SERVICES
Document Date
November 14, 2024
Contract Term
annual interest disbursed
Renewal Date
2025-11-14
Renewal Info
Annual renewal, interest distributed each year; principal remains with foundation.
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AWARDEDcity-of-altamont-meeting-minutes-2024-11-14_1b2.pdf
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