Skip to content

Planning My Estate

The Community Foundation of the Fox River Valley is a valuable resource for those who are considering a charitable provision in their estate plan. The Foundation’s President will meet with interested individuals and their legal or financial advisors to discuss ways in which their charitable objectives can be fulfilled.

Bequests

planning-greene Unrestricted Bequests are devoted to the general purposes of the Foundation. These types of bequests provide grants to local non-profit organizations.  An unrestricted bequest from the estate of William B. Greene (1886-1982) was placed in the Foundation`s General Fund which provides assistance for programs and projects that serve area citizens.
planning-stoll Unrestricted Bequests (Endowments) are also unrestricted in purpose and provide perpetual support for charitable needs. The amount available for distribution is carefully established by the Foundation to ensure the preservation and long-term growth of each endowment fund. This type of bequest was made to the Foundation from the estate of Austin E. Stoll (1936-1999) as a memorial to his parents, Harold and Edith Stoll.
planning-simons-minkler Restricted Bequests are awarded for only those charitable purposes designated by the donor.  Donors typically name a favorite charity, place of worship or field of interest. Many donors have designated their bequests for scholarships. A bequest from the estate of Katharyn Simons (1885-1969) was restricted to scholarships for area students.
planning-tighe Restricted Bequests (Endowments) provide perpetual support for charitable purposes set forth by the donor. Francis D. Tighe (1907-1995) left a bequest for the benefit of Holy Angels Catholic Church in Aurora.  Distributions from this bequest have provided substantial annual support for the church, which will continue in perpetuity.

Life Insurance

planning-dunham Gifts of life insurance enable donors to make sizable gifts at a relatively low cost. Several individuals have named the Foundation as a beneficiary of life insurance policies, including John S. Dunham (1931-1979).

Charitable Trusts

planning-commons Two types of charitable trusts used in estate planning are Charitable Remainder Trusts and Charitable Lead Trusts. These trusts can be effective in maximizing the tax benefits to a donor`s estate. An unrestricted endowment fund in the name of Glenn and Leola Commons was created upon receipt of a distribution from their trust.

Please note: Further information may be obtained at the Foundation office regarding ways to implement your estate plan through the Community Foundation of the Fox River Valley. However, due to the ever-changing and complex nature of estate planning, it is recommended that legal counsel be consulted for professional assistance.

As a first-generation college student from a low-income family, I was worried about how I was going to pay for books and supplies. This scholarship will allow me to focus more on my studies instead of worrying about how to afford college. I am working to not only create opportunities for myself but to motivate future generations. Thank you so much for helping me along this journey!

Moises J.

Claude & Alice Allen Memorial Scholarship Recipient

Thank you very much for supporting my college education for these four years. I will never be able to repay you for the opportunity that this scholarship has given to me.

Julia H.

[Renewing Scholarship Recipient] Graduate of Hinkley-Big Rock High School

Being a part of the Community Foundation scholarship committee is the highlight of my year. For many, a scholarship from the Community Foundation is the reason they are able to continue reaching for their dreams and changing the future of our world. I hope each recipient knows just how inspirational they are to those of us who are lucky enough to read their stories.

Jessica Breugelmans

Board Member & Scholarship Committee Member

We chose the Community Foundation because of its reputation. It’s well known, established and we can trust them to do the job for us.

Dick Schindel

Richard and Susan Schindel Scholarship Funds

A community foundation is a donor-driven organization that helps donors custom-design funds that reflect their charitable interests. Through the years, grants from these funds have made a significant impact on our local communities.

Sharon Stredde

President Emeritus

…you can always start small, even $25 can make a difference. Remember we can’t take our money with us. Even if it’s just your gift of time. Volunteer and get involved.

Cris Anderson

Cristina & Thomas S. Anderson Endowment Fund | Tom & Cris Anderson Colonial Advisory Fund

Community Foundation of the Fox River Valley

Install Community Foundation of the Fox River Valley

Install this application on your home screen for quick and easy access when you’re on the go.

Just tap then “Add to Home Screen”

Accessibility Toolbar