Online Staff Report
The Community Foundation of Northern Illinois will hold a Holiday Open House — Celebration of Stars, from 4:30-6:30 p.m., Tuesday, Dec. 4, at Forest Hills Country Club, 5135 Forest Hills Road. The program will begin at 5:30 p.m. It is not open to the general public.
The evening will feature a celebration of the Community Foundation’s Carroll Starr Endowment Challenge Organizations and an announcement about the newest Carroll Starr Endowment Challenge Incentive participants.
The following organizations have been part of Carroll Starr since 2001: Burpee Museum, Cosmopolitan Club of Rockford, Discovery Center Museum, Freeport Art Museum, Illinois Growth Enterprises, Klehm Arboretum and Botanic Garden, Mendelssohn Performing Arts Center, The Mill, Natural Land Institute, RAMP, Rockford Christian Schools, and Swedish Historical Society. These organizations are currently 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 the 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 St., 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 nonprofit 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 nonprofits during the Challenge time period.
The program is named after Carroll H. Star, 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 nonprofits 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 Programs encourages self-sustainability in the nonprofits, and alleviates some of the reliance on annual fund-raising campaigns.”
The Community Foundation of Northern Illinois serves as the area’s leading nonprofit provider of grants and scholarships. Its mission is to build permanent resources for the immediate and future needs of the people of northern Illinois.
Posted Nov. 29, 2012