Why was the Foundation created?
The Foundation was created to give concerned citizens an innovative way to use their charitable dollars for the good of McHenry County. Unlike other charities, the Foundation will direct it’s unrestricted grants toward unmet needs within our communities. It will support new ideas, new programs and deserving existing entities in need of expansion monies.
What are the advantages of using The Community Foundation for McHenry County?
Donors are given a low-overhead, charitable option which is extremely flexible in its design. The Foundation can assist almost any donor in meeting his or her giving pattern, charitable objective and estate or tax situation.
The Foundation is flexible but permanent; not only will the Foundation adapt its unrestricted giving to meet the changing needs of the county, but should the charitable goals of an endowed fund become obsolete, grants will be redirected to meet similar objectives.
How does a donor work with the Foundation?
The first step is to work with the donors and their advisers to clarify what they want to accomplish. Questions such as whether they have a specific charity, issue or community in mind, whether this is a one-time or ongoing contribution and whether they or their families wish to stay involved in the future of the fund, are asked, and the answers are shaped into an expression of the donor’s philanthropic objectives.
Once the vision is clear, the Foundation can assist in structuring the gift to best meet the donor’s financial, estate or income tax needs. Generally the goal is to identify the best asset and the best time to give in order to minimize taxes and maximize charitable dollars.
How is the Foundation governed? Who is involved?
The Foundation is governed by a fourteen member Board of Directors who serve three-year terms. The by-laws require that the directors represent a broad cross-section of the views and interests of the McHenry County community. The Foundation also has a professional President/CEO who oversees the Board’s directives and day-to-day activities of the Foundation.
How can I be comfortable in the Foundation's permanence and the safety of my gift?
The National Standards Seal by the McHenry County Community Foundation (MCCF) name indicates official confirmation from the Council on Foundations that MCCF has met the most rigorous standards in philanthropy. It affirms the Community Foundation’s commitment to financial security, transparency and accountability. It confirms grantmaking includes an open, competitive process designed to address the changing needs of our community. The National Standards Seal also validates the MCCF history of honoring donors’ wishes — to support the arts, feed children, cultivate gardens, save endangered species, cure illness, expand literacy — and support countless other important causes.