ABOUT THE ROCHELLE AREA COMMUNITY FOUNDATION
The Rochelle Area Community Foundation offers an opportunity for individuals, families, and businesses to leave a legacy for future generations that will sustain the quality of life which we have enjoyed for decades. The Community Foundation is a public, charitable organization designed to attract gifts that will be shared with Rochelle Area non-profit organizations for the benefit of the entire community.
How does the Rochelle Area Community Foundation work?
The Foundation provides a simple and flexible way to invest in the future of Rochelle and neighboring communities. The Foundation allows individual or business donors to contribute to one organization that benefits many, allowing donors may to achieve their charitable goals.
The Foundation Board, with a diverse membership, will manage the funds to achieve the goals of the non-profit community foundation. Gifts to the Foundation will provide a lasting endowment, and the Foundation will provide caretaker services for the funds.
Donors either may be specific about where their gifts are used or may allow the Foundation to assess the needs of the community and fund projects accordingly. The Foundation plans for a broad focus of beneficiaries that include the arts, education, health and community services, and community development. The greatest advantage of the Rochelle Area Community Foundation for donors flexibility. The projects and organizations selected will ensure that the needs of the community are met.
What ensures the Foundation is lasting?
Through the endowment process your gift will grow, and the board of directors will determine its use. A small percentage of the funds are distributed annually, while the remainder is wisely invested. As the investment grows, more and more money is returned to the Rochelle Area Community’s needs.
Are gifts tax-deductible?
Yes, all gifts are tax-deductible. Gifts are federally exempt under Section 501(c)(3) of the Internal Revenue Service code.
How may I become a contributor to the Rochelle Area Community Foundation?
There are many ways to support the Foundation. No gift is too small, and all gifts are important to the success of the Foundation.
A single gift or an annual gift may be given to the Foundation, or your contribution may also be made through a designation in your will. Click here for more information on Ways To Give »
Who do I contact?
Kim Montgomery, Executive Director at 815-561-3600. By email: firstname.lastname@example.org »
RACF envisions a generous, vibrant, and sustainable community.
RACF improves the community through charitable giving, encourages a spirit of philanthropy, develops collaborative partnerships, and improves the quality of life of the community.
Q: What is the Rochelle Area Community Foundation?
A: The Foundation was a vision of Leonard Carmichael’s and he gathered a core group of community volunteers in 2004 and 2005 to explore the feasibility of establishing a Community Foundation. The RACF was incorporated in December 2005 and was granted not-for-profit status by the Internal Revenue Service in November 2006. Board members are volunteers and serve a maximum of two, three-year terms.
Q: Why another Foundation?
A: We primarily focus on other not-for-profit organizations, which enable the RACF to serve the charitable interests of the entire community. Gifts are invested in an endowment fund. This differs from a capital or operational fund because it will last forever.
The RACF is a vehicle for philanthropy.
Q: How is the money invested?
A: Currently the funds are invested with the DeKalb County Community Foundation.
Q: How are gifts awarded?
A: We serve not-for-profit organizations in the Rochelle area and our boundaries mirror the Rochelle Township High School District. Each year agencies and organizations have an opportunity to apply for funds. Grants are generally awarded for programs or needs outside of operational expenses.
Q: How do I make a gift?
A: We welcome gifts of all amounts. The gifts may be designated or undesignated and are fully tax deductible to the extent allowed by law. Our Executive Director, Kim Montgomery or any board member may help with your donation.
Q: How can I help?
A: There are many ways that you can help the Foundation and your community. You can advocate for the RACF as you prepare your estate. You may also contribute to the RACF Founding Circle. Finally you may know of someone or another group that would like to hear this message.
Board of Directors
Rochelle Area Community Foundation: Founder
Leonard Carmichael was a lifelong farmer and owner of Maplehurst Farms in Rochelle. He fulfilled his longtime dream of giving by establishing the Rochelle Area Community Foundation in 2006. He passed away on December 12, 2009 at his home in Rochelle with his family by his side.