Monday, June 13, 2005

Bismarck Tribune Online - Bismarck, ND-50 years of philanthropy

Bismarck Tribune Online - Bismarck, ND: "50 years of philanthropy
By MAGGIE STEHR, Bismarck Tribune
Even through economic downturns, the Tom and Frances Leach Foundation has awarded charitable grants for the past 50 years.

Based in Bismarck, the foundation continues the Leaches' vision to promote public welfare with their private funds. The foundation uses money generated from their combined estates, and has granted more than $9 million to local organizations, said Gilbert Olson, chairman of the foundation's board of directors.

'They spent their lives determined and dedicated to their work,' Olson said. 'They wanted to use their money to benefit the people of the state.'
The foundation receives nearly 125 requests each year, Olson said, and distributes 55 to 65 grants. Requests are due to the board by July 31, and board members select qualifying organizations in November."

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