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Funding New beginnings Community Foundation

Community Foundation

Funding New Beginnings Community Foundation (f/k/a Prophetstown Area Community Foundation)

Our Mission
  • Enhance the quality of life for all residents
  • Build permanent endowment funds
  • Address needs through grant making
  • Provide community philanthropic leadership
114 W. Third Street
P.O. Box 157
Prophetstown, IL 61277
Phone 1-815-537-2348
Fax 1-815-537-2116

Funding New Beginnings Application

Common Funding Vehicles Through The Prophetstown Area Community Foundation

Community Impact Fund

It provides the Community Foundation with the greatest flexibility in responding to emerging community needs, innovative opportunities and on-going projects in the community. The foundation supports organizations that respond to one or more of the following areas: Cultural Activities, Education, Health and Human Services, and Community Development.

Field of Interest Endowed Funds

Donors specify a purpose or geographic area where funds are to be spent.

Donor Advised Endowed Funds

Donor advised funds are excellent vehicles for those who wish to participate actively in grant making process. The donor retains the right to serve as an advisor, making grant recommendations for consideration by the Board of Directors. Donor advised funds allow donors to address personal philanthropic goals while reducing many of the administrative concerns inherent with the operation of a private foundation.

Organizational Endowed Funds

Organizations can become the Community Foundation’s partner in philanthropy by creating an endowment fund of their own. The income earned in this fund can be used for things such as operating expenses, awarding grants to non-profit organizations, and many other projects.

Scholarship Endowed Funds

A scholarship fund is established so that an education can be available to those that might not otherwise have the opportunity to receive it.

General Operating Endowed Fund

Donors contribute to the general operating fund to provide organizational support to the Community Foundation.

Charitable Remainder Trust

The Community Foundation can be trustee for a CRT.

Ten Reasons people choose to give through the Community Foundation

  • One – We are a local organization with deep roots in the community.
  • Two – Our professional program staff has a broad expertise regarding community issues and needs.
  • Three – We provide highly personalized service tailored to each individual’s charitable and financial interests.
  • Four – Our Donor Advised Funds help people invest in the causes they care about most.
  • Five – We accept a wide variety of assets and can facilitate even the most complex forms of giving.
  • Six – We partner with professional advisors to create highly effective approaches to charitable giving.
  • Seven – We offer maximum tax advantage under state and federal law.
  • Eight – We multiply the impact of gift dollars by pooling them with other gifts and grants.
  • Nine – We build endowment funds that benefit the community forever and help create personal legacies.
  • Ten – We are a community leader, convening agencies and coordinating resources to create positive change.