by Kara Dennis, MGWAF Treasurer
The MGWAF (Minnesota Ground Water Association Foundation) receives funds from the following sources:
- Minnesota Ground Water Association: This is primarily money made from conferences and other events.
- Private donations: This includes contributions from Give to the Max Day and Amazon Smile.
The MGWAF manages three funds:
- General Fund: unrestricted funds and donations
- Gibanski Endowment: restricted for capital management
- HO Pfannkuch Fund: restricted to funding hydrogeology field camps/scholarships
The MGWAF Board distributes funds in the form of scholarships to students with a focus on groundwater studies, as grants to educational institutions or events that focus on groundwater. The distribution amounts vary depending on the funds available for distribution and the number of applications received. The MGWAF Board meets quarterly to review the funding requests.
2019 Summary of Funds:
Hiway Account (unrestricted funds):
- Opening value for 2019: $16,474.00
- Closing vale for 2019: $15,747.74
Wells Fargo Advisors Account (Gibanski Endowment):
- Opening value for 2019: $194,671.74
- Closing value for 2019: $226,759.43
HO Pfannkuch Fund:
- Opening value for 2019: $51,720.78
- Closing value for 2019: $66,943.94
2019 Summary of Approved Funding Requests:
- $500 – MGWA Education Committee/Freshwater Society 2019 Water Summit
- Scholarships/Awards:
- $3000 – 2019 Students Scholarships (2 at $1500 each)
- $2500 – 2019 Hydro Field Camp Awards (2 at $1250 each)
- $800 – Red Lake County SWCD Groundwater Education
- $2500 – 2019 Metro Children’s Water Festival (Carver County)
- $1000 – Minnesota Rural Water Association/Physical Groundwater Model
- $2000 – Anoka County SWCD/Translating “Our Ground Water Connection” Video
MGWA is committed to developing a just, equitable, and inclusive groundwater community. Click on the button below to read MGWA’s full diversity statement.
RSS - Posts