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Taum Sauk Fund

The Iron County Taum Sauk Fund was built on a shared vision for improving the quality of life of people adversely impacted by breach of the Taum Sauk Reservoir in 2005.

When settlement moneys became available, community leaders asked Missouri’s then Attorney General Jay Nixon to give local citizens the opportunity to invest and direct the use of these assets in a manner that they believed would best benefit their neighbors.

The Taum Sauk Fund, Inc. was incorporated on February 7, 2008 as a tax-exempt non-profit organization with the $7 million settlement. On March 14, 2008 Missouri Attorney General Jay Nixon came to Lesterville to swear in the first nine-member Board of Directors, including:

  • Judith (Judy) Allen, Bunker
  • Henry Balderas, Black
  • Larry Barnes, Ellington
  • Thomas W. Crowell, Arcadia
  • Jim Erpenbach, Ironton
  • Jim Hill, Ellington
  • Kurt Homeyer, Ellington
  • Mary Peterson, Van Buren
  • Paul V. Usher II, Ironton

Since that time, members of the Board of Directors from Iron County and Reynolds County decided to equally divide the funds and separate the original organization into two. The Taum Sauk Fund now works on projects specific to Reynolds County. The Iron County Taum Sauk Fund received it’s half of the funding in December 2011.

The Iron County Taum Sauk Fund continues its efforts in conjunction with grant recipients and community volunteers to achieve the vision of economic development and travel & tourism development conceived by community and state leaders.  See Treasurer Reports for current balance of ICEP funds.