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Council committee approves $3 million Rapid City Impact Fund operating agreement
City of Rapid City — City Council / Legal & Finance Committee · November 13, 2025
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Summary
The committee approved an operating agreement to establish a $3,000,000 Rapid City Impact Fund endowment to be deposited with the Black Hills Area Community Foundation; the mayor will appoint board members to oversee the endowment and the council will affirm or reject appointees.
The Legal & Finance Committee approved an operating agreement on Nov. 12 to establish an operating board for the Rapid City Impact Fund, a $3,000,000 endowment to be deposited with the Black Hills Area Community Foundation.
Key details: Finance…
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