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Osage Nation Foundation Accepts Freeman Ranch Charitable Gift
The Osage Nation Foundation, established in 2005 by the Osage Nation to serve as a charitable extension of the Nation and reconstituted in 2011, has formally accepted the 9,000-acre Freeman Ranch from a charitable trust established by Freeman Ranch owners Mark Freeman, Jr. and his wife Eleanor. The transfer became effective May 1.
The 9,000-acre working cattle ranch sits about 25 miles north of Pawhuska and runs north to the Kansas state line. Currently named MF Ranch, the property includes a small house on the south end of the land, a barn on the north and two barns on the south. Three corrals are located on the north, south and middle areas of the land.
The Osage Nation Foundation Board of Trustees approved the acceptance of the donation in a meeting in April as spelled out in a charitable gift agreement. The terms of the charitable gift agreement require the Foundation to honor two existing leases on the Ranch, to preserve it for cattle ranching and agricultural purposes, and to never sell the ranch.
“This transaction will honor the wishes of the Freemans that the ranch be preserved as it exists today for future generations while the revenue from the existing agricultural leases provides an income stream for the Osage Foundation which will allow us to help fund our ongoing mission,” said Bill Webb, Executive Director of the Foundation and the representative appointed by the Foundation Board to execute the transaction. “Donation of the ranch will preserve one of the most beautiful pieces of countryside in Oklahoma and in the heart of Osage country. The current use of the ranch will continue unchanged.”
The Osage Nation Foundation, a 501(c)(3) non-profit charitable organization, was established in 2005 by the Osage Nation for the charitable purpose of lessening the burdens of the Tribal Government by providing charitable services to the Nation and its members. The mission of the Foundation is to promote and enhance the general welfare of the people of the Osage Nation by supporting cultural, educational, health, historical, community, and other appropriate activities and programs. The Foundation is governed by a Board of Trustees which is responsible for executing the mission and objectives of the Foundation. Find out more about the Osage Nation Foundation at www.osagefoundation.org.
Fiscal Repository for Other Osage Efforts
The Osage Nation Foundation currently serves as the fiscal agent and fiscal repository for two projects related to the Osage Nation. They are the Bigheart Statue fund and the Dhegiha Language organization. In both cases, the Osage Nation Foundation receives and holds the funds in reserve on behalf of the organizations, thereby allowing donors to receive the benefit of a charitable tax deduction. These funds are reflected on the Osage Nation Foundation as reserve funds and liabilities to the Foundation. The most recent balance sheet for the Foundation, as of September 30, 2014, is provided below.