For Immediate Release, May 11, 2026
The Osterud-Winter Foundation trustees will accept applications for funding until May 26, 2026. Mr. Osterud, the founder of Home Federal, and his daughter, Karen Osterud Winter, established a $1 million trust for Spring Valley with 75% of the earnings to be used for Kingsland School District scholarships, Spring Valley’s Historical Society, Spring Valley Living, Spring Valley Cemetery, and the City of Spring Valley; and the remaining 25% is allocated as discretionary
funds.
Primary consideration is given to organizations who provide emergency and disaster relief in or within a 15-mile radius of Spring Valley and meet the federal
tax exemption requirements 501(c)(3). Since 1995, the Trust has distributed $2 million dollars.
Requests can be submitted to the following Trustees:
- Steve Himle – shimle@mchsi.com or 507-259-8650
- Sally Jeske – csjfarms@arvig.net or 507-273-2718
- Scott Mulholland – smulholland78@hotmail.com or 507-696-4802
