A community foundation is a nonprofit, nonsectarian, grantmaking public charity that is dedicated to improving the lives of people in a defined local geographic area — in this case the Village of Skokie.
An endowment is a nonprofit institution’s investable assets, also known as the principal: a permanent source of funds that is invested for long-term growth. Each year, some of the funds are disbursed to fulfill the foundation’s purpose such as awarding grants. As the endowment balance grows, more is available for distribution over time. The endowment is designed to keep the principal amount intact while using the investment income for charitable efforts.
The interest generated from the endowment allows Skokie Community Foundation to make grants that fund programming for the benefit of Skokie residents and the community.
To get updates on the progress of the grant programs and other happenings at Skokie Community Foundation, follow us on Social Media.
1. Sign up for our newsletter. We’ll keep you up to date on everything we’re up to, including volunteer opportunities, fundraising events, and more.
2. Follow us on social media. Liking, commenting, and sharing our posts goes a long way!
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3. Spread the word. Tell your family, friends, and colleagues about Skokie Community Foundation.
4. Donate. We are 100% funded by donations. Your donation goes directly to the grants we award that help Skokie residents in need. As our donations grow, so does our endowment, helping us to award more funds in grants over time.