Be A Philanthropist!

The COMMUNITY FOUNDATION of Kankakee River Valley will work with you and/or your financial advisor to accomplish your goals for the permanent benefit of your community.
Your gift through the Community Foundation can benefit the agencies or causes you choose, or it can enable the Community Foundation to focus on new activities as times change. In either case your gift will impact the citizens of your community forever.

Create A Fund:

Choose How Much to Give…
You can establish most funds with a minimum of $5,000. You can add to your fund at any time, and others can contribute as well. There is no start up charge, and administrative fees are minimal.

Choose When to Give…
You can create a fund during your lifetime, in your will, or through a trust arrangement that benefits your family and your favorite charities. Tax deductions are earned at the time of the gift, while grant making continues into the future.

Choose What to Give…
You can start your fund with almost any kind of asset: cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate, and tangible personal property. Gifts of long-term appreciated property earn tax deductions for their full market value.

Choose a Name…
Every grant from your fund carries its name. Many people choose to name their fund for the donor, for the donor’s family, or as a memorial to someone special. You can also remain anonymous.

Choose a Type of Fund…
Field-of-Interest Funds can be donor-directed for a particular purpose, such as: the arts, programs for youth, education, environment, civic affairs or health and human services. The Community Foundation selects the non-profit organizations that best serve your charitable intent. Existing funds include:

The Rosie Fund
Fine Arts Fund

Designated Funds are earmarked to provide ongoing support to a specific nonprofit organization in perpetuity.

Community Resource Center Fund
Kankakee Public Library Fund

Donor-Advised Funds allow you to remain actively involved in your charitable giving. From time to time, you or an advisor of your choice may suggest who is to benefit from your gift.

James Bridgewater Family
John Azzarelli Memorial
Kathleen Kennedy & Martin Whalen

Scholarship Funds let you help deserving young people at a specific school or in a particular curriculum receive an education they might not otherwise receive.

John Locke Charitable Scholarship Fund, established by the Kankakee Elks Lodge.
Download the application for the John Locke Scholarship
(Requires Acrobat Reader)
Anita F. Grant Scholarship, established by Women in Business Committee, Kankakee
Download the application for the Anita F. Grant Scholarship
(Requires Acrobat Reader)
River Valley Chamber of Commerce

Organizational Endowment Funds are formed for charitable organizations to take advantage of the Community Foundation’s characteristics of permanence. The organization thus places its endowment within the Community Foundation that then handles all administrative and investment responsibilities freeing the organization to pursue its mission.
This type of fund is in development with three non-profit agencies.

Unrestricted Funds allow the Community Foundation to direct grants to where the community needs and opportunities are the greatest.

Community Foundation Operating Fund

Pass-through Funds are used for special purposes or events.