The Trustees of the Osterud-Winter Foundation met to approve the semi-annual distribution of proceeds from the $1 million trust established for the Spring Valley area by the late John Osterud, founder of Home Federal Savings Bank. Distributions of the proceeds are designated as; 50% to Kingsland School for scholarships, 25% to be divided between Spring Valley Cemetery, Spring Valley Living, Spring Valley Public Library and Spring Valley Historical Society. The remaining 25% will be awarded as discretionary grants to eligible 501(c)3 organizations within a 15-mile radius of Spring Valley.
Trustees approved a total distribution of $26,700 to the following organizations:
Kingsland School District
Spring Valley Cemetery
Spring Valley Living
Spring Valley Public Library
Spring Valley Historical Society
Spring Valley Ministerial
Spring Valley Ambulance
Wykoff Commons
City of Spring Valley Park and Reck
Kingsland Community Food Program
The Trust has distributed over $1.8 million since 1994 while retaining the initial $1 million dollar investment.
The 2024 Trustees are: Sue Kolling 507-259-6467, Steve Heusinkveld 507-316-7697, and Deana Capelle 507-346-2149