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Sioux Falls Area Community Foundation
The Sioux Falls Area Community Foundation was founded in 1984. Andy Patterson serves as president and chief executive officer. The organization operates as a...
Sioux Falls Area Community Foundation
The Sioux Falls Area Community Foundation was founded in 1984. Andy Patterson serves as president and chief executive officer. The organization operates as a public community foundation rather than a vehicle tied to a single private fortune. Its investment approach centers on a long-term portfolio allocated roughly 75 percent to domestic and international equities and 25 percent to fixed income and cash equivalents. The foundation also maintains alternative investments and holds real estate through wholly owned subsidiaries including EastBank Land Company II, LLC and EastBank Land IV, LLC. Geographic exposure includes South Dakota properties and global equity markets. The South Dakota Investment Council supplies the asset allocation model. Confirmed holdings include positions in the Alternative Investment Pool and multiple EastBank Land entities. The foundation employs 10 professionals and maintains its headquarters at The Depot at Cherapa Place in Sioux Falls. It oversees several supporting funds and regional affiliates such as the Brandon Valley Area Community Foundation and the Canton Community Fund. October 2025: Sponsored the SFACF Donor Reception recognizing major contributors and grant impact. The foundation maintains a distinct governance structure through multiple single-member LLC subsidiaries that isolate real estate ownership and operations from the core endowment. Investment decisions follow the South Dakota Investment Council framework rather than an internal discretionary mandate.
General information
Firm type
Community Foundation
Year founded
1984
Location
Region
North America
Country
United States
City
Sioux Falls
Corporate office
The Depot at Cherapa Place 200 North Cherapa Place, Sioux Falls, SD 57103-2205, United States
Principals
Andy Patterson
President and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Sioux Falls Area Community Foundation?
Andy Patterson serves as president and CEO. The foundation applies an asset allocation model supplied by the South Dakota Investment Council.
Does Sioux Falls Area Community Foundation participate in fund commitments or only direct deals?
The foundation holds interests in an Alternative Investment Pool that includes private equity and hedge fund exposure through its long-term portfolio.
What asset classes does Sioux Falls Area Community Foundation hold?
Holdings include domestic and international equities, fixed income securities, cash equivalents, and real estate through EastBank Land subsidiaries.
Where does Sioux Falls Area Community Foundation maintain real estate exposure?
Real estate assets are concentrated in South Dakota, including commercial property at its headquarters and agricultural land in Lyons Township.
How is Sioux Falls Area Community Foundation related to the South Dakota Investment Council?
The council provides the investment model that guides the foundation's asset allocation between equities and fixed income.
Does Sioux Falls Area Community Foundation accept non-cash donations?
The foundation maintains programs for agricultural commodities and digital currency donations that are directed into charitable funds.
What governance vehicles support the foundation's real estate holdings?
Wholly owned subsidiaries EastBank Land Company II, LLC, EastBank Land IV, LLC, and EastBank Land V, LLC hold and manage specific properties.
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