ROCKFORD (WIFR) -- The Community Foundation of Northern Illinois (CFNIL) will award a $10,000 each to the Discovery Center Museum, Klehm Arboretum and Botanic Garden, and the Natural Land Institute for completing the Carroll H. Starr (CHS) Endowment Challenge Incentive Program at a press conference this Thursday, December 12, 2013 at 10 a.m. at the Discovery Center Museum, 711 North Main Street in Rockford.
The CHS Endowment Incentive Program matches $1 for every $3 raised up to $10,000 by non-profits to build an endowment. The CHS Endowment Incentive Program was designed to complement the CHS En-dowment Program, which awards up to $50,000 to non-profits. Both programs are part of an ongoing effort by the Community Foundation to inspire non-profits to build endowments for their stability. The endowment pro-vides a source of funding that can be applied at the discretion of the recipient. The Community Foundation acts as the financial steward of the funds.
“We see the CHS Endowment Challenge Incentive Program as an integral part of building sustainable and healthy institutions throughout Northern Illinois” said Gloria Lundin, president, CFNIL. “This program is very much in the spirit of Carroll H. Starr. He was the Community Foundation‟s first president and greatest advocate for area non-profits because he firmly believed that, and I quote, „perpetual resources of benevolent funds are essential to the longevity and effectiveness of a non-profit.‟”
The CHS Endowment Challenge Incentive Program has given all three organizations a plan for long-term success. The Program was launched for the first time in December 2012 and was available exclusively to organi-zations who had previously completed a CHS Endowment Challenge. The program will start at 10 a.m. sharp on Thursday, December 12, 2013 at the Discovery Center Museum, 711 North Main Street in Rockford.