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Southwest Minnesota Foundation Continues Partnership with Schwan Food
Company The Southwest Minnesota Foundation (SWMF), Hutchinson, has received a major gift from The Schwan Food Company, Marshall, in support of the foundation’s work in the region. Lenny Pippin, vice chairman, president & CEO of The Schwan Food Company, announced the $250,000 funding award at the foundation’s 2005 annual banquet. The award includes:
A total of $200,000 of Schwan’s gift is endowed, which means these funds will receive dollar-for-dollar match to the SWMF’s general endowment by The McKnight Foundation. "These contributions symbolize Schwan’s satisfaction with our longstanding, future-focused partnership with the Southwest Minnesota Foundation," Pippin told the audience. "The funds demonstrate our ongoing commitment to the current growth and future potential of the area that has been our company’s home for more than a half-century, and they will help to provide working capital to continue the foundation’s excellent programs." |
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