After years of generously supporting non-profits in the greater Yellowstone Valley Region and Billings, the Myhre Foundation Board has decided to turn over assets to the Billings Community Foundation to continue the family’s focus on local philanthropic giving.
The Myhre Foundation was established in 2001 by long-time Billings residence, Muryl and Lu Myhre, to facilitate the family’s desire to support the good works of a variety of local nonprofits. Entrusted to Gayle Myhre Hooper and Don Hooper, and other members of the dedicated Board, the Myhre Foundation has distributed more than $500,000 in grants since its formation.
All $950,000 in assets from the Myhre Foundation are being transferred into the Muryl and Lu Myrhe Foundation Endowment held by the Billings Community Foundation, where grants will continue to be distributed annually on behalf of the family.
The Billings Community Foundation (BCF) is a community foundation promoting philanthropy and charitable giving in the Greater Yellowstone Valley. The predecessor to BCF was the Greater Yellowstone Region Committee (GYR) of the Montana Community Foundation (MCF). When the MCF board reorganized its regional structure and closed its Billings office in 2006, it was agreed that members of the GYR committee would form a separate Foundation to promote philanthropy and distribute grants locally. Through the continuing efforts of its Board of Directors, volunteers, and staff, the Billings Community Foundation now manages over 4 million dollars in assets, and provides services and programming to donors and non-profit partners in nine counties throughout Southeast Montana.