Illinois Prairie Community Foundation

Gaston Community Foundation Breaks Ground on Its New Headquarters Shaping the Future for Gaston County

Retrieved on: 
Tuesday, December 21, 2021
Illinois Prairie Community Foundation, Warlick, Foundation, CEO, CaroMont Regional Medical Center, Government, Efird, Ed Craig, Board, Community foundation, Hospital, Autumn, GLOBE, Garrison, Drug, Management

The Community Foundation was chartered in 1978 with a $726,000 grant from the Garrison General Hospital and has grown to over $120 million dollars in total assets.

Key Points: 
  • The Community Foundation was chartered in 1978 with a $726,000 grant from the Garrison General Hospital and has grown to over $120 million dollars in total assets.
  • The group was welcomed by President of the Foundation, Ernest Sumner, and Mayor Reid.
  • Warlick noted how this project can become the economic driver for not only this new business corridor but for all of Gaston County.
  • Warlick introduced Marsh Spencer, a former Foundation Board member, who has agreed to oversee the construction phase of the 10-million-dollar facility.

Foundation Source Survey: Donors Weigh In on Charitable Giving Rules

Retrieved on: 
Wednesday, January 30, 2019
Seniors, Women, Philanthropy, Teens, Other Philanthropy, Consumer, Foundation, Fund Raising, MEN, Charity law, Donor-advised fund, Private foundation, Foundation, Aid, American society, National Philanthropic Trust, Wealth in the United States, Illinois Prairie Community Foundation

A recent survey conducted by Foundation Source reveals strong interest from high-net-worth donors and individuals in having a more level regulatory playing field for the two most popular charitable giving vehicles, private foundations and donor-advised funds.

Key Points: 
  • A recent survey conducted by Foundation Source reveals strong interest from high-net-worth donors and individuals in having a more level regulatory playing field for the two most popular charitable giving vehicles, private foundations and donor-advised funds.
  • The differences in regulatory and tax treatment between these two charitable vehicles has been the topic of considerable media interest , said Page Snow, chief philanthropic officer of Foundation Source.
  • Foundation Source polled private foundation donors, donor-advised fund owners as well as other high-net-worth individuals who are considering establishing one or both of the two vehicles.
  • Of the 205 U.S.-based respondents, 151 individuals had either a private foundation, a donor-advised fund, or both, and 54 individuals had neither charitable vehicle.