NORTHERN ILLINOIS (WIFR) -- The Community Foundation of Northern Illinois encourages the regional community to support the Foundation’s Carroll H. Starr Endowment Challenge Organizations with end-of-the-year contributions.
Burpee Museum, the Cosmopolitan Club of Rockford, Discovery Center Museum, Freeport Art Museum, Illinois Growth Enterprises, Klehm Arboretum & Botanic Garden, The Mill, Natural Land Institute, RAMP, Rockford Christian Schools, and Swedish Historical Society have all participated in the Community Foundation’s Carroll Starr Endowment Challenge Program. The Cosmopolitan Club of Rockford, RAMP, Rockford Christian Schools, and Swedish Historical Society are in the middle of their endowment challenges and are working to meet their endowment goals.
People can donate to any of the Carroll Starr Endowment Challenge Organizations by making checks payable to CFNIL and writing the name of their organization of choice on the memo line. Be sure to indicate Starr Endowment. Send checks to the Community Foundation of Northern Illinois at 946 N. Second Street, Rockford, IL 61107. Call 815-962-2110 ext. 12 for details.
The Carroll H. Starr Endowment Challenge helps build the capacity and self-sufficiency of the nonprofit sector by creating permanent endowments. The endowments help nonprofits avoid crises stemming from annual appeal shortages and unexpected financial situations.
The Challenge is periodically open to all non-profit agencies in Boone, Ogle, Stephenson, and Winnebago counties that are interested in building a permanent endowment. The Community Foundation matches $1 (up to $50,000) for every $3 raised by selected non-profits during the Challenge time period. A special Carroll Starr Endowment Incentive Program will be announced on December 4, 2012.
The program is named after Carroll H. Starr, a prominent businessman – part owner of the first Ford Motor Car dealership in Rockford, banker, and manager of a local investment firm. Starr guided the Community Foundation (then known as the Rockford Community Trust) during its formative years with an abiding conviction in its future growth and benefit to Rockford. He served the Trust faithfully until his death in 1963.
“Charitable dollars are scarce and non-profits can benefit greatly by concentrating on a future and permanent source of income,” said Gloria Lundin, the Foundation’s President. “It is our mission to attract permanent resources for this community. We know the Carroll Starr Endowment Program encourages self-sustainability in the non-profits, and alleviates some of the reliance on annual fundraising campaigns.”
The Community Foundation of Northern Illinois serves as the area’s leading non-profit provider of grants and scholarships. Its mission is to build permanent resources for the immediate and future needs of the people of Northern Illinois.