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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.

YEP has made me realize the importance of being involved in my community, and how to make a difference. There are a lot of problems in the world but if we can do everything that we can to help the world will become a better place. YEP has helped me realize this and encouraged me to help more people in the future.

Madi Porter

YEP Member

Give your gift of time and see what it means to the people you impact. Helping others is what life is all about.

Neal Ormond

Donor & Fund Advisor

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

Jessica Breugelmans

Scholarship Committee Member and Board Member

I am incredibly grateful for the generosity of the Zari Foundation Scholarship and the Community Foundation in supporting my education. I am majoring in mechanical engineering with a concentration in aerospace engineering at the Rose-Hulman Institue of Technology. In my spare time, I volunteer on campus, in the community and I’m also the principal violist in the symphony orchestra. I hope to make an impact on the next chapter of space exploration by eventually working at a groundbreaking aerospace company such as SpaceX or NASA.

Taytum Newell

Albert M. Zari Scholarship Recipient

Grant funds from the Community Foundation helped provide updated technology. These upgrades were transformative. By creating new time saving processes, it turned us into a more efficient organization.

Marie Wilkinson Food Pantry

Grantee

YEP was a great experience to have in high school. I became a more confident person, someone with a lot more perspective. Coming from a small school, YEP allowed me to branch out into my community, meet students from other schools, and learn about their backgrounds. I made some great friends and still keep in touch with them today.

Abby Vagnoni

YEP Alumni

Education is important to us. We support causes that touch our lives and align with our values. We believe in paying it forward. We are here for a short time,, and it is the next generation that will take on what we leave behind.

Michelle Emanuel

Donor and Past Scholarship Recipient

Community Foundation of the Fox River Valley

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