Interfaith Action of Greater Saint Paul Foundation is a vital partner for the work of Interfaith Action. Through earnings from its endowment, the Foundation supports the mission of Interfaith Action with annual grants directed at relieving the effects of poverty and address its root causes. Giving to the Foundation is a way to make a contribution that will have lasting significance.
Elected members guide the Foundation (see sidebar at right).
How to Make a Gift
- Name the Foundation as a beneficiary in your will and indicate a percentage of your estate to be contributed to the Foundation or a specific dollar amount.
- Name the Foundation as a beneficiary for a portion of your remaining retirement assets at your death.
- Establish a planned gift through Interfaith Action of Greater Saint Paul, which gives you income today and provides a gift to the Foundation at your death.
- Transfer ownership of a life insurance policy to the Foundation.
History of the Foundation
In spring 1965, Interfaith Action of Greater Saint Paul Committee on Capital Funds, Wills and Bequests recommended that the Interfaith Action of Greater Saint Paul Foundation be established. The members of that committee were Roy Overmann, Neal Wood, Lloyd Hatch, Rev. Angus Mairs, Donald Smith, Carl Dreves and Rev. Harold Bradshaw, Executive Director of Interfaith Action. At the November 23, 1965, Annual Meeting of the Council of Churches, a motion was made and carried that the Interfaith Action of Greater Saint Paul Foundation be established.
The spirit behind the Interfaith Action of Greater Saint Paul Foundation was to make it a vehicle by which gifts to Interfaith Action would go into an endowment fund, which would appreciate in value over time and pay out interest exclusively to Interfaith Action.
Some of the first gifts received for the new foundation came as memorials for Mr. Hatch who was instrumental in setting up the Foundation and died just before it came into being. Later, one of the other founders of the Foundation, Carl Dreves, established a scholarship in memory of his wife, Margaret, as part of the Foundation. That scholarship continues today and provides income, which is turned into annual scholarship awards for several area graduating high school seniors who are continuing on to college.
In September 1969, the Council received 2,075 shares of 3M stock, which had a market value of $274,000, from Mrs. Margaret B. Hollensteiner, a niece of Archibald C. Bush, one of the founders of 3M. This stock was held for a number of years, split many times, and appreciated greatly in value.
Foundation Board Members
Dr. David Misemer, President
Retired, 3M Company
Roger A. Katzenmaier, Treasurer
Diane E. Follmer
Retired, 3M Company
Retired, Moss & Barnett
Interfaith Action of Greater Saint Paul
New mailing address:
1041 Grand Avenue, #312
Saint Paul, MN 55105