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Foundation Awards $42,000 in Grants to Recreation
The Fox Valley Park Foundation today announced eight grants totaling $42,500 to help provide opportunities for recreation through programs, camps and other activities. The recipients are:
- Fox Valley Junior Golf Academy – $12,500
- Healthy Minds, Healthy Bodies program for veterans, $7,000
- Jesse “The Law” Torres Boxing Club, $5,000
- Red Oak Outdoor Adventure Club – $5,000
- Sports Saturday Program – $5,000
- Summer Playground Program – $4,500
- Summer Stage – $2,500
- Summer Playground Police Picnic – $1,000
Together, these grants will enhance and help fund programs serving over 7,000 individuals. The Fox Valley Park Foundation’s mission is to promote conservation, health and wellness, and social equity for the Fox Valley Park District communities. These funds were sourced through the Foundation’s annual Golf for Kids fundraiser in June. The 2016 event raised more than $50,000 in an effort to support recreational opportunities throughout the district.
The Foundation was established in 1981 as a not-for-profit corporation to help benefit Fox Valley Park District residents. The Park Foundation is an IRS 501(c)(3) organization. The Foundation Board is comprised of Park District Trustees and members from the community at large.
Fox Valley Park Foundation Board of Directors
Fox Valley Park Foundation Staff
For more information regarding the Foundation, please call or email Diana Erickson at:
The Fox Valley Park Foundation holds a series of meetings throughout the calendar year. Schedule and agendas are listed below:
2016 Foundation Board Meeting Schedule
- November 14, 2016 / 4:30 p.m. / Prisco Community Center
April 22, 2015 – No quorum
May 27, 2015 – No quorum
Golf For Kids is the Foundation’s signature fund-raising event. Save the date for next year’s outing – Monday, June 26, 2017 – as we come together to create opportunities for kids to thrive. Click on the logo below for more information. View photos from this year’s event here.
The Park District has several opportunities through which to leave a lasting legacy. Some specific contributions the Foundation has received include the following:
- Commemorative Trees: Donors may choose to plant a tree in honor of a loved one. The memorial is installed by the Park District.
- Park Bench Memorials: Start a legacy by placing a park bench that uses recycled materials in a serene setting with a loved one’s name engraved on it. The bench is installed by the Park District.
- Legacy Endowments: Donors can create an endowment for the continuation of Park District programs or special events, such as the Friendly Center Club for active adults.
- Scholarships: Fund a scholarship program, such as the Brendon Anderson Memorial Basketball Scholarship, to provide opportunities to children in need.
Charitable gifts may be made to the Park Foundation in cash, securities, life insurance or real estate. The donor may designate the purpose of the gift or gifts may be designated for the area of greatest need. Gifts may be made in memory of a relative or friend. Gifts of any size may be made under living trusts or by will to establish temporary or permanent funds for the use of both principal and income, or income alone. All gifts are deductible to the extent allowed under federal income, gift and estate tax laws.
- Cash Donations: Your one-time or annual cash donation can be for restricted or unrestricted use.
- Appreciated Property: Certain IRS rules must be followed for gifts of property. Appreciated property is deductible at its fair market value at the time of the gift.
- Reserved Life Estate: Individuals who wish to donate land in order to ensure that it will be preserved for future generations may retain immediate possession. Even though the land is donated to the Foundation, people may (under certain IRS rules) use part of the property for their lifetime. An immediate tax deduction may be taken.
- Life Income Gifts: In the giving process, certain trust documents may be of benefit to a donor. Income, gifts and distribution are all indicated in the trust document that may generate substantial tax and financial benefits for both the individual and the Park Foundation.
- Life Insurance: A life insurance policy may be a gift to the Park Foundation. Instructions and a signature designate the Fox Valley Park Foundation as owner and beneficiary of the policy. The previous owner may claim the value of the policy as a charitable deduction.
For more information, call 630-897-0516.