Illinois Prairie Community Foundation Explained

The Illinois Prairie Community Foundation (IPCF) is a community foundation that helps connect donors with those causes they wish to benefit.[1] It serves McLean, Livingston, DeWitt, Logan and adjacent areas of Tazewell, Woodford, LaSalle, Ford and Piatt counties.[2] [3] [4] The IPCF is in full compliance with the national standards developed by the Council on Foundations.[5] It facilitates charitable giving for individuals and businesses, helps organizations with their endowment funds, and serves as a fiscal agent for charitable community projects.[6] A donor-advised fund at the Community Foundation is an economical and simplified version of a private foundation.[7]

Support is provided in the fields of human services, education, environment, economic development, arts and culture, and health, among others.[8] [9] [10] [11] [12] [13]

The foundation celebrated its 10-year anniversary in 2009.[14]

Types of funds

Board of directors

President – Richard Stroyan[16]
Vice President – Steve Timmerman[17]
Secretary – Susan Hoblit[18]
Treasurer – Diane Fishering[19]
Directors – Martha Ceja, Harold Frobish, Paul Harmon, Darrell Hartweg, Susan Hoblit, John Hutchinson, Tim O. Ives, Gene Jontry, Danny Liefel, Karla Lohnes, Gretchen Monti, Joni Painter, Jennifer Sedbrook, Bruce Unterman[20] [21]

History

In 1996, Carol Reitan, Alan Sender and Drake Zimmerman began preparing a community foundation for McLean County.[22] With research on existing community foundations, talks with community leaders, and meeting the legal requirements to establish a not-for-profit 501(c)(3) organization. Two years later, Mayors Judy Markowitz of Bloomington and Kent Karraker of Normal and McLean County Board Chairperson Gary Riss agreed to serve as the first incorporating board. The Community Foundation of McLean County (CFMC) was officially established on November 6, 1998. Gifts of $296,900 were placed in the Peoria Area Community Foundation of Central Illinois before the end of 1998 in an account held on behalf of CFMC. These were Donor Advised Funds, established and donated before CFMC was in a position to receive gifts.

By June 2003, the Community Foundation of McLean County was serving donors and making grants in Livingston and DeWitt Counties and surrounding areas. Permanent 501(c)(3) status had been achieved. Assets had grown to almost $600,000. The board of directors decided a name change was in order. Logan County was added to the list of locations being served and assets had grown to $800,000. In April 2004, CFMC officially became Illinois Prairie Community Foundation, Inc. In fiscal 2007 (July 1, 2006, to June 30, 2007), the Foundation and its donors distributed $484,841 in grants. Total assets as of December 31, 2007, were $5,981,822.[23]

Notes and References

  1. Pantagraph, "Business Builders Wins Marketing Aid," March 19, 2009
  2. http://www.pantagraph.com/news/article_2f471a96-9f7a-527a-8367-05d1a5b8f582.html Agencies receive Illinois Prairie Community Foundation grants
  3. http://www.tgci.com/funding/cfs.asp?statename=Illinois&statecode=IL Community Foundations: Illinois
  4. http://www.parklandsfoundation.org/index.php?menu=links Welcome to
  5. http://www.cof.org/join/membership/memberURLs.cfm?navItemNumber=15962&letter=I Member Directory
  6. Web site: Grants_grantee_Illinois . www.partnersinnursing.org . 2 February 2022 . https://archive.today/20081120071631/http://www.partnersinnursing.org/Templates/grants_grantee_Illinois.html . 20 November 2008 . dead.
  7. Web site: http://www.ilprairiecf.org/AboutUs.htm . May 8, 2010 . dead . https://web.archive.org/web/20080725192837/http://www.ilprairiecf.org/AboutUs.htm . July 25, 2008 .
  8. http://www.pantagraph.com/news/article_7a8a14cf-052a-5f51-992d-3cffe3894f29.html Monument unveiled in Fell's honor
  9. http://www.pantagraph.com/news/article_5875846e-789c-5c6d-a6d0-3baeb5f5ba22.html Volunteers give sweat and blood at ShareFest
  10. http://www.pantagraph.com/news/article_7d4afcce-a058-5007-8fed-c30e70ca5238.html Good Fellow Fund drive under way
  11. http://www.ilsymphony.org/index.php?option=com_content&view=article&id=59&Itemid=83 Illinois Symphony Orchestra: Press Room Press Release 070209
  12. http://www.springfieldsown.com/features/profile/368/nursing-nightingale Nursing Nightingale | Features/Profile | SO Magazine
  13. http://www.wglt.org/community/community_calendar.phtml Community Calendar – Community – WGLT: News, Blues and all that Jazz
  14. http://www.pantagraph.com/news/local/article_3bfef5a8-cf22-11de-a538-001cc4c002e0.html Daily Digest 11/12/09
  15. http://www.pantagraph.com/news/article_6910458f-35a8-5b22-bdcb-55255846dfd2.html New fund donates to groups left short
  16. Pantagraph, "Names and Faces," July 1, 2009
  17. http://findarticles.com/p/articles/mi_8055/is_20090701/ai_n46079979/
  18. Web site: Names & Faces:The Pantagraph Bloomington, IL . https://web.archive.org/web/20121104020340/http://www.highbeam.com/doc/1P2-16872139.html . dead . November 4, 2012 . HighBeam Research . July 12, 2008 . 2013-09-21.
  19. http://www.guidestar.org/pqShowGsReport.do?partner=iwave&npoId=316203
  20. http://www.ilprairiecf.org/directors.htm CFMC Board of Directors
  21. Pantagraph, "Names & Faces," July 12, 2008
  22. http://drakez.dzopus.org/giving.html Drake Zimmerman
  23. http://www.ilprairiecf.org/History.htm History of the Community Foundation of McLean County

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