Community Foundations Play Crucial Role In Illinois


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"Most Americans have a strong connection to our country, but our most tangible, visceral, and enduring attachments are to the communities in which we live," John T. Shaw writes in an op-ed for Capitol News Illinois.

"These are the places that we call home, and that shape us from our earliest days to our final years."

Shaw points out that there are more than 800 community foundations in the US, with assets ranging from the low six figures to billions, and that they "strengthen the social and economic fabric of our communities."

In Illinois, there are more than three dozen such foundations scattered across the state, with a goal of directing some of the state's $3.5 trillion in wealth toward the next generation.

"There is significant wealth and opportunities for philanthropy in all parts of Illinois," Shaw writes, noting that community foundations "play an important role as a community champion and an independent voice that can speak to the needs of the community."

Indeed, a study commissioned by Forefront, a statewide advocacy group for the social impact sector, found that by 2030, the state's household net worth will be $435 billion, and community foundations want to direct some of that wealth to transform their communities.

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