Trustees of the Osterud-Winter Foundation met to approve the semi-annual distribution of $34,100, proceeds from the $1 million trust established for the Spring Valley area by the late John N. Osterud, Founder of Home Federal. The Trustees approved distributions to the following organizations:
Kingsland School District Scholarship Fund
Spring Valley Cemetery Organization
Spring Valley Living
Spring Valley Public Library
Spring Valley Historical Society
Discretionary Grants:
Spring Valley Ambulance
Spring Valley Fire Department
Senior Dining/ Meals on Wheels
Spring Valley Historical Society
City of Spring Valley EDA
Kingsland School Parents
Spring Valley Public Library
The Osterud-Winter Foundation was established in 1994 and the past 28 years we have provided the students of Kingsland School District scholarships totaling $865,000 with total charitable distributions of $1,730,000. We continue to be grateful for the generous gift to our community and appreciate the US Bank Private Wealth Management Group of Rochester of investment advice. The trustees are Deanna Capelle, Sue Kolling and Steve Heusinkveld.
