In 1994, a concerned group organized the Edgar County Community Foundation to provide an opportunity for those who wish to give back to the County. A need was identified for organizing and managing funds locally without cost administrative fees. One hundred percent (100%) of contributions are applied to local initiatives, causes and projects.
The Foundation receives gifts of all sizes from individuals, families, foundations and corporations. These gifts are invested in a balanced, well-managed portfolio to build the endowment. Interest income is used to make grants, thus assuring donors that their gifts will continue in perpetuity, benefiting the community far into the future.
Gifts come to the Foundation from individuals, groups, civic organizations, businesses and corporate and family foundations. Amounts, large or small, are welcome and there is no minimum requirement.
Personal satisfaction comes from helping others and supporting causes you believe in, while strengthening the community. A gift to the Foundation may protect an estate from unnecessary taxes because of Federal Income Tax deductions and matching challenge grants. This gift becomes significant with your diverted tax dollar. The reward is knowing the principal will always be retained for use in Edgar County.
Contributions can take a multitude of forms, including cash and gifts-in-kind, such as securities, and real estate. Your donating can be a planned gift from a charitable lead trust, or a bequest to the Foundation made through a will, estate plan or insurance policy. Donors may establish particular funds within the Foundation to accomplish a single purpose. Memorial gifts may be made to honor an individual or group.
The funds that may be established are:
Applications are submitted to the Grant Committee. The Foundation Board awards grants according to the Grant Committee recommendations.
Depending on the type of fund established, grants will benefit those projects or organizations selected by the donor: