Rapid City and Area Community Fund is a permanent endowment fund under the wing of Brandon Area Community Foundation (BACF) and was established in 1999 by community minded individuals Gord and Diane Peters who made the initial $15,000 donation. In addition to this contribution, the fund also benefited from a $10,000 donation from Art and Shirley Peters and $5,000 from Cando Contracting.
The fund was established to insure that community projects in the Rapid City Area will have access to future funding as the donations are held in perpetuity. The funds are pooled with the professionally invested BACF funds to maximize returns. Income earned from the investments are then returned to the Rapid City Area in the form of grants for community projects.