After years of supporting nonprofit organizations in Billings and throughout the Yellowstone Valley region, the Myhre Foundation board will turn over assets to the Billings Community Foundation, to continue the Myhre family’s focus on local philanthropic giving.
The Myhre Foundation was established in 2001 by longtime Billings residents Muryl and Lu Myhre to facilitate the family’s desire to support a variety of local nonprofits. Entrusted to Gayle Myhre Hooper and Don Hooper, and other members of the board, the Myhre Foundation has distributed more than $500,000 in grants since its formation.
According to a news release from BCF, a total of $950,000 in assets from the Myhre Foundation are being transferred into the Muryl and Lu Myrhe Foundation Endowment held by BCF, where grants will continue to be distributed annually on behalf of the family.
BCF is an innovative community foundation promoting philanthropy and charitable giving throughout greater Yellowstone Valley. BCF’s predecessor was the Greater Yellowstone Region Committee of the Montana Community Foundation. After the MCF board reorganized its regional structure and closed its Billings office in 2006, members of the GYR committee formed a separate foundation to promote philanthropy and distribute grants locally.
Through its board of directors, volunteers and staff, BCF now manages over $4 million in assets, and provides services and programming to donors and nonprofit partners in nine counties throughout southeast Montana.