Community Foundation of Northern Illinois
Community Foundation of Northern Illinois
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About this organization
Mission
To inspire endowment and promote philanthropy for the current and future needs of the people of Northern Illinois
About
Founded in 1953, the Community Foundation of Northern Illinois (CFNIL) is a regional leader in philanthropy. With more than $140 million in assets and more than 400 individual funds, CFNIL makes grants to charitable organizations and scholarships to local students. CFNIL's grant and scholarship programs are made possible by the generosity of CFNIL's donors. Our donors come from all walks of life but are united in their commitment to the community and the recognition that their charitable intentions will be preserved for generations through the power of endowment. Endowments at CFNIL are prudently invested and preserved to provide permanent funding for community needs. Over 90% of CFNIL's assets are permanently endowed, meaning that those assets will serve Boone, Ogle, Stephenson, and Winnebago Counties in perpetuity.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “The community foundation of northern illinois was established to serve as a catalyst for giving and a promoter of philanthropy. the foundation attracts, preserves, and grows a charitable endowment for the present and future needs of the people of northern illinois. the foundation identifies community needs and convenes volunteers to advise the foundation's board in grant making, investment, and spending policy decisions. the foundation also serves as a custodian of funds for not-for-profit organizations.”.
When discussing its operations, they were defined as: “Attract, preserve, and grow an endowment for the needs of the people of northern illinois”.
- The state where the non-profit operates has been legally reported as IL.
- The filing indicates that the non-profit's address in 2020 is located at 946 NORTH SECOND STREET, ROCKFORD, IL, 611073005.
- The non-profit has reported 11 employees on their form as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$841,689.
- The organization has 20 independent voting members.
- The organization was formed in 1953.
- The organization pays $867,766 in salary, compensation, and benefits to its employees.
- The organization pays $175,615 in fundraising expenses.
Additional Non-Profits in the area
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