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Community fund honors Legacy donors

The St. Croix Valley Community Foundation staged a celebration event at the Hudson Golf Club on Tuesday, June 24 to honor their donors who have provided for the Foundation in their wills or other planned gifts.

"The Founders of the St. Croix Valley Community Foundation were true visionaries," said Jane Hetland Stevenson, president of the Foundation. "And then in 2006 they and our current board members established The Legacy Society, which allows donors to plan for the future of the Valley's communities through testamentary and other planned gifts. They have established a tradition of extraordinary generosity."

The speaker for the evening was Peter Heegaard of Minneapolis. Heegaard was the founder and former Managing Principal of Lowry Hill, which is a subsidiary of Wells Fargo and the leading Twin Cities-based asset management company exclusively dedicated to serving affluent individuals and their families. He retired in 1996 to serve as consultant and community volunteer to several foundations and nonprofit organizations engaged in strengthening community.

Heegaard is also on the Board of the One Percent Club whose mission is to increase philanthropy, specifically to enlist people to a new standard of giving - to contribute one percent or more of net worth annually, or five percent of income, whichever is greater - to the tax-deductible causes of their choice.

The St. Croix Valley Community Foundation was established in 1995 by a group of Valley residents to provide an effective means for people who care about this region to be part of shaping its future. As of May, the Foundation has assets of approximately $16 million, and is active in grant making in five counties that border the St. Croix River - three in Wisconsin and two in Minnesota. It's outreach in the region includes the affiliates of the Hudson Community Fund, the River Falls Community Fund, the Dresser Community Fund, the Amery Community Foundation and the Chisago Lakes area Community Foundation.