What is a Community Foundation?

A community foundation is a tax-exempt, independent, publicly-supported philanthropic organization established and operated as a permanent collection of endowed and pass-through funds for the long-term benefit of a defined geographic area.  The Illinois Prairie Community Foundation serves McLean, Livingston, DeWitt, Logan and areas of Tazewell, Woodford, LaSalle, Ford and Piatt counties.  The Community Foundation helps connect donors with those causes they wish to benefit.  It facilitates charitable giving for individuals and businesses, helps organizations with their endowment funds, serves as a fiscal agent for charitable community projects, and is a catalyst for innovative charitable solutions to meet area needs.  A donor advised fund at the Community Foundation is an economical and simplified version of a private foundation.  “One doesn’t have to be wealthy to make an impact on the community.  Working together, we can achieve much to serve our area.  We’re here ‘For Good.  For Ever.'”

What does our Community Foundation Do?

  • We enable individuals and families to have their own Donor Advised Funds which provide the benefits of private foundations without the paperwork and costs.

  • We provide grants to local charities to help them meet important community needs.

  • We educate donors and communities about philanthropy.

  • We facilitate and join in community partnerships to respond to pressing community needs.

  • We build community charitable endowments to preserve and improve the quality of life for all in Central Illinois.

 

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