The Community Foundation
of Randolph County
1 Taylor Street Room 106
Chester, Illinois 62233
618.826.5000 Ext. 221
An endowment is a way to financially provide for the people, places, and organizations of this community that are dear to you … forever. When you establish an endowment through a charitable contribution to the Community Foundation of Randolph County, we don’t spend your gift; we save it and invest it wisely. There are presently two basic types of endowments ... for Scholarships and for the Good Deeds Fund. Scholarships help Randolph County High School students achieve their goal of higher education. Once there is enough wealth in the Good Deeds Grant Fund to make grants practical, Randolph County organizations may apply for matching grants for causes and community projects.
The James I. Brockmeyer First Responder Memorial Endowment
Two Randolph County organizations combined resources to help remember a fallen Chester Police Officer. James I. Brockmeyer lost his life in October of 2016 during a high-speed chase. The Randolph County Regional Leadership Committee provided seed money for the James I. Brockmeyer First Responder Memorial Endowment. The Community Foundation of Randolph County will manage the endowment. You can help build this endowment by sending your tax deductible gift to the foundation.
Sustaining and supporting local organizations …
Designated Endowments designate or name in the agreement the organization or charitable purpose that will receive the grants from the endowment. Donors can name more than one organization and the purpose of the grants can be broadly or narrowly defined. For example, grants can be distributed to your organization annually to broadly support operations, or, alternatively, to narrowly support programs such as parks.
Connecting values to opportunities …
Field of Interest Endowments to the Good Deeds Fund designate an issue or area of need to receive grants. The donors identify their personal area of interest and the Foundation will award grants to organizations and programs in Randolph County that are aimed at serving that interest or concern.
Investing in deserving students …
Scholarship Endowments help Randolph County students pursue higher education. Organizations, families, and individuals can establish a scholarship endowment in the Community Foundation and define the eligibility and selection criteria, such as a field of study, academic or athletic achievement, community service experience, or career intentions. Scholarship Endowments are often used to honor or memorialize a loved one by awarding a grant to students who mirror the person's traits or achievements.
Meeting the needs of an ever-changing community …
Unrestricted Endowments are endowments whose earnings are not designated or restricted to
an organization or specific purpose, but rather are free to support a program of perpetual grant-giving designed to respond to the ever changing needs of our community. Distributions from these endowments, called the Good Deeds Endowments, will be available to the community by application and are awarded at the discretion of the Community Foundation, once sufficient wealth is available to make grants practical. Special project funds may be established by the board to support a specific charitable activity or community project that is consistent with the priorities of the community and the exempt purposes of the Foundation.
What Are Endowments?