May, 2013

Sharon Stredde, President & CEO

Over the past two years, the Community Foundation has strengthened its relationship with its endowment fundholders through the creation of historic videos.  These videos bring to life the history of the families and institutions that have helped shape the communities in which we live and work. 


In total, the Foundation has created fifteen videos.  Some of these videos include the Dunham Family, William B. Greene, the Paramount Theatre, and most recently the New England Congregational Church.


For A List, Or To View Any Of These Videos, Please Click Here!


It is our pleasure to provide this service for any of our endowment fundholders - individuals, families, or non profit organizations.  If you currently have an endowment fund at the Community Foundation, we would love to produce a video for you.  If you have been considering establishing an endowment fund with the Community Foundation, we hope that our video project will serve as an added benefit to our potential relationship. 


Whether you have an endowment fund at the Community Foundation or not, we are grateful for all you do for our communities and we look forward to hearing from you soon!




Sharon Stredde

President & CEO 


Spring is a busy time at the Community Foundation!


The deadline for the Spring 2013 Grant Cycle was Wednesday, May 1.  The Community Foundation received numerous applications from non-profit organizations throughout the Fox River Valley.  The distribution committee is currently reviewing these applications.



Additionally, the Community Foundation received a plethora of scholarship applications from High Schools and Colleges throughout our service area.  The scholarship committees are currently reviewing these applications.  Good luck to all of our applicants!  


We look forward to announcing both our grant and scholarship recipients

in our June e-MEMORANDUM!


Finally, the Community Foundation is pleased to announce that during the first quarter of 2013, more than $1.2 million in new gifts were received!  This brings our total assets under management to nearly $68 million!  Your support is humbling and the Community Foundation is honored to be a vehicle for your philanthropy throughout the community!


Thank you for your support!



Agency Endowment Spotlight 


In 2008, the Foundation for the West Aurora Schools and the West Aurora High School Alumni Association merged to form the A+ Foundation for West Aurora Schools.

The goals of the A+ Foundation are to enrich the curriculum of

West Aurora School District 129, inspire excellence in students and staff, expand opportunities for community involvement and foster alumni connections.


The Community Foundation is honored to be a part of the perpetual support for students of all ages in District 129! 


Contact the Community Foundation today to discuss creating an endowment for your non-profit organization!


Click Here For More Information on the A+ Foundation For West Aurora Schools 



Donor Spotlight 


With scholarship season upon us, we wanted to highlight donors who have been instrumental in growing the Foundation's scholarship program and who support our students in their pursuit of higher education.


Margaret and Urban Hipp on their wedding day, 1937

The Urban and Margaret Hipp Family Endowment Fund was

created in 2009 and provides scholarships to local students.


Urban Hipp (1913-2011) was born in Aurora, Illinois.  He was a graduate of East Aurora High School and the University of Illinois (Class of 1936).


In 1939, he began his career at the Barber Greene Company where he served as vice president of finance and a director prior to his retirement in 1978.


Margaret Barber Hipp (1915-1999) was born in Aurora, Illinois.  She was the daughter of Harry H. Barber (co-founder of the Barber Greene Company) and Blanche Capron Barber.


Mrs. Hipp graduated from the University of Illinois in 1937 where she was a member of the Pi Beta Phi Sorority.


The Community Foundation is forever grateful for the dedication and support it has received from donors like Urban and Margaret Hipp!


Click Here to See a Video on the Life of Urban and Margaret Hipp 



 Americans Took More Deductions In 2011, Hitting $160 Billion   


By Mark Hrywna

April 1, 2013


Americans took a collective $160.33 billion in tax deductions for charitable contributions in 2011, an increase of 1.4 percent compared to the $158.18 billion in 2010. The number of tax returns filed that included charitable deductions declined by 0.8 percent, from 38.1 million to 37.9 million.


The Internal Revenue Service (IRS) released preliminary data on individual income tax returns for 2010 and 2011. Preliminary statistics are based on a sample of individual tax returns, including Forms 1040, 1040A and 1040EZ, filed during the 2012 calendar year. The estimates are based on a sample of returns filed.



Click Here to Read the Entire Article



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