The Stewartville Area Community Foundation is able to do its work because it is a Minnesota non-profit corporation that is classified as tax exempt under 501(C) (3) of the Internal Revenue code and is funded through the charitable gifts given by people of the Stewartville area. These monetary gifts are invested and grow to become the basis for a permanent charitable endowment fund. The money earned in this permanent fund is given back to the community in the form of grants for specific areas of need.
The Stewartville Area Community Foundation is an affiliate of the Rochester Area Foundation. This affiliation offers enhanced investment income advantages to donors, and to the Foundation.