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Foundation’s 25 years of service to New Ulm

March 3, 2012
The Journal

To the Editor

Recently I received a booklet titled "New Ulm Area Foundation, 25 Years of Service to the New Ulm Community". I could not have been more impressed and grateful for this wonderful asset to our place on earth.

NUAF was founded in 1987 by Henry Somsen, a retired New Ulm attorney, in memory of his wife, Anne Duncan Somsen. Its mission is to "...address the needs of our community by growing the Foundation funds and providing financial grants from the earnings". The Foundation's focus is on education, historic preservation, art, and economic development.

The booklet highlights major grants such as $50,000 in 2008-09 for soccer fields with city-wide access. In 2012 $20,000 to install displays at the Kiesling House, and $25,000 for displays at the forthcoming U.S. - Dakota War of 1862 exhibits at the Brown County Historical Society. Then in 2012 - 2014 $35,000 for gallery space at the Grand Center for Arts & Culture.

In addition, over $360,000 in smaller grants have been made since 1987 to 87 different organizations, representing 266 New Ulm area projects in all. That makes a Grand Total of $490,000!

Since its founding NUAF has received donations from over 380 people and firms. Total assets were $921,861 on December 31, 2011.

NUAF has also managed the Dollars for Scholars Fund since 1998. Scholarships have been awarded to 108 New Ulm High School students, 31 New Ulm Area Catholic School students, and 28 Minnesota Valley Lutheran High School students for a total of over $87,000. Scholarship dollars are awarded to each school based upon their percentage share of the total graduates for the three schools annually. Assets in this Fund totaled $145,701 at year end 2011.

Truly, NUAF has contributed to the maintainance and development of New Ulm's people, institutions, and culture.

For a copy of the full report phone Ms. Nancy Quam (507) 359-9260 at New Ulm Area Foundation.

George Glotzbach

New Ulm

 
 

 

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