Sioux Falls Development Foundation
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About Sioux Falls Development Foundation
A non-profit economic development corporation focused on improving the economy of the Sioux Falls region by connecting businesses with people, tools and resources to support growth and success.
Focus Areas
economic developmentsite selection servicesworkforce developmententrepreneurship supportinternational traderesearch & community data
Who They Fund
working parents / caregiversyoung children (early childhood)low- and moderate-income families
Funding Style
direct service / program supportsubsidy provision / financial assistanceeconomic assistance-focused grants
About Sioux Falls Development Foundation
Sioux Falls Development Foundation Inc. made one very large economic development grant in 2025: $15,662,590 to Sfc Global Supply Chain Inc for economic development. That scale stands out in a portfolio otherwise centered on much smaller local awards tied to childcare and regional growth. The foundation’s recent giving also includes a $139,989 childcare grant to Lutheran Social Services, showing that workforce support is part of its approach, not just business expansion. Another 2025 award went to Sioux Metro Growth Alliance for economic assistance, reinforcing the organization’s role in supporting the Sioux Falls region through both business-facing and community-facing grants. The foundation operates as a non-profit economic development corporation. Its stated work focuses on improving the economy of the Sioux Falls region by connecting businesses with people, tools and resources to support growth and success. In practice, that includes grants for childcare, startup support, and broader economic assistance alongside larger development-oriented commitments. The pattern suggests a funder that uses grantmaking to reinforce the local operating environment for employers, workers, and families.
What Sioux Falls Development Foundation Funds
Childcare is a clear recurring theme in the foundation’s 2025 grantmaking. Lutheran Social Services received $139,989 for a childcare grant, Helpline Center received $84,409 for a childcare grant, and Startup Sioux Falls received $70,821 for a childcare grant. Those awards point to childcare as part of workforce enablement and local economic support. The foundation also backed direct economic assistance through a $23,726 grant to Sioux Metro Growth Alliance. A much larger $15,662,590 grant to Sfc Global Supply Chain Inc was listed for economic development, showing that the foundation supports both large-scale development activity and smaller community-based assistance. Across these grants, the common thread is economic development in the Sioux Falls region through organizations that help businesses, workers, and local systems function more effectively.
How Sioux Falls Development Foundation Gives
The grant-size distribution shows a wide spread: the 25th percentile is $70,821, the median is $84,409, and the 75th percentile is $139,989. One award sits far above that range at $15,662,590, indicating that the foundation can make both routine program grants and major development commitments. The latest 990 year on file is 2025, and the recent grants listed are all from that year. The foundation is classified as a regular funder and also makes program-related investments. The recent record does not show a recurring grantee pattern across multiple years in the data provided.
Financial Snapshot
Annual Giving
$16M
Total Assets
$99.3M
Total Revenue
$21.6M
Total Expenses
$19M
Typical Grant Size
Most grants fall between $71K and $140K, with a median of $84K.
25th Percentile
$71K
Median
$84K
75th Percentile
$140K
Geographic Reach
Local2 states funded
About 80% of grants go to recipients in SD.
Funding intensity
LowHigh
Headquarters
Leadership
BOB MUNDT
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