The Carol Stream Parks Foundation is a non-profit organization dedicated to developing additional financial support for public parks and recreation programs of the Carol Stream Park District. It is managed by a board of directors who live or work locally and are passionate about providing a strong financial foundation for parks and recreation in the community.
When you make a gift to Carol Stream Parks Foundation, you are giving a lasting gift to your community. It’s a wonderful way to help improve the parks and programs you know and love, and ensure they will be there for generations to come.
Your donation helps us fund our Scholarship Program, Parks & Facility Improvements, Program Enhancements and Green Initiatives.
Carol Stream Parks Foundation is a 501(c)3 corporation dedicated to improving financial support for the Carol Stream Park District. All contributions to the organization are tax deductible. Identified donors receive a written receipt.
The Carol Stream Parks Foundation presented the Carol Stream Park District’s Board of Commissioners with a check for $2,000 to benefit the park district’s youth scholarship program at the Feb 13 Board Meeting. These funds were raised during 2016 through various fundraising events, such as the annual Duck Race, Bike Club memberships and generous donations to the Foundation.
Pictured are (L-R) – Alann Petersen (Foundation Vice-President), Carol Stream Park District Board of Commissioners: Dan Bird, Brenda Gramann, Tim Powers, Jackie Jeffrey, Brian Sokolowski, John Jaszka, Executive Director Jim Reuter and Frank Parisi (Foundation President)
We build and strengthen the financial resources of the District by receiving gifts, grants, bequests and endowments on the District’s behalf. Contributions from individuals and businesses are used to improve or add to existing park projects or programs, or to help fund future projects.
This ongoing program helps people suffering financial hardship afford recreation activity fees. Many kids and adults would not be able to play baseball, go to camp, learn to swim, attend the after school program, or stay active and connected if it wasn’t for this program.
Park & Facility Improvements
Adding amenities to parks and facilities adds enjoyment value for visitors, and enriches our community. Currently, scoreboards are needed for the new McCaslin and Armstrong Park baseball/softball fields. Also needed are gifts for extended trails, park benches, trees, playground replacements, and enhancements to the new recreation center.
Recreation Program Enrichment
Sports, gymnastics, dance, swim team, and any recreation program area can be improved with additional equipment, supplies, or staffing. These enhancements make the programs more effective, more fun, or more meaningful for participants. They can also help keep registration fees lower, allowing more people to join in.
From energy efficiency to environmental restoration, additional funds are needed to help the park district “go green”, restore and protect natural areas, and educate visitors. Financial gifts or gifts of land will help create a greener environment in our community.
The Carol Stream Parks Foundation Bike Riding Club is comprised of a group of recreational bike riders ranging in age from 17 to 72. Year 2018 will be the 5th year the club has been in existence. We accommodate all skill levels and pace that are comfortable to the group. We have 12 bike rides scheduled for the 2018 season that leave and return to/from Carol Stream twice a month from May to October. You may ride with us as often or as little as your schedule allows.
Each bike ride leaves at the posted time/location and is led by one of our guides who pre-planned the route. We ride at a pace that is comfortable for the group and we stop at busy roadway crossings to cross as one. Rides range from 12-24 miles. Members who inform the guide can choose their own distance and go back at any point along the route. The average speed of our rides are about 10-miles per hour with stops along the way. Safety is the number one priority and we select routes which are mostly dedicated bike trails. The exceptions to riding trails are when we ride on shoulders of low traffic roads. We prefer to ride on sidewalks at a slower pace to make trail connections instead of busy roadways.
The 2018 season individual fee is $30 per rider or $45 per family. This fee includes the destination ride and as many or as few rides that you choose. Sign-up now at Fountain View or Simkus Recreation Center to reserve your spot and start receiving bike ride maps, notifications, schedules and a list of club participants.
Bike Club Registration proceeds go directly to the Carol Stream Parks Foundation. The Carol Stream Parks Foundation is a 501(c)(3) non-profit organization dedicated to developing financial support for public parks, resident’s in-need and recreation programs of the Carol Stream Park District. It is managed by a board of directors who live or work locally and are passionate about providing a strong financial foundation for parks and recreation in the community.
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Your donation dollars increase if you work for a company with a matching gift program.
Carol Stream Parks Foundation is a 501(c)3 corporation dedicated to improving financial support for the Carol Stream Park District. All contributions to the organization are tax deductible. Identified donors will receive a written receipt.
Your will is a meaningful way to make a lasting gift. Such a provision can be structured to fit your personal, family, and financial needs, and can be reviewed and revised in the future.
One of the most popular ways to make a charitable gift through your will, a general bequest allows you to simply leave a specific dollar amount. Example: I give $25,000 to The Carol Stream Parks Foundation, Carol Stream, IL, to be used for its exempt purposes.
To give an organization all or a portion of an estate after debts, taxes, expenses and other bequests have been paid, a residuary bequest lets you provide specific amounts to family members or friends, and leave the remainder to Carol Stream Parks Foundation. Example: I give the rest of the property I own at my death to The Carol Stream Parks Foundation, Carol Stream, IL, to be used for its exempt purposes.
The most flexible way to give, the size of your percentage bequest automatically changes with the size of the estate. Example: I give 20-percent of my estate to The Carol Stream Parks Foundation, Carol Stream, IL, to be used for its exempt purposes.
A contingent bequest takes effect only if the primary intention cannot be met. Example: If (primary beneficiary) predeceases me or disclaims any interest in (description of property), I give such property to The Carol Stream Parks Foundation Inc., Carol Stream, IL, to be used for its exempt purposes.
Any type of bequest can restricted to a specific purpose. Example: I give $50,000 to The Carol Stream Parks Foundation, Carol Stream, IL, to create a named endowment to fund financial assistance for deserving applicants.
Gift of Life Insurance
Through the Carol Stream Parks Foundation, the Foundation can become the beneficiary, or contingent beneficiary, of a life insurance policy. You retain lifetime ownership of the policy. Other options include transferring ownership to the Carol Stream Parks Foundation or purchasing a new policy with the Foundation as owner and beneficiary.
Gifts of Retirement Assets
Retirement plan assets differ from most other assets you may own. Upon your death, these assets are subject to not only an estate tax, but also an income tax. This additional tax exposure makes your retirement plan assets significantly more expensive to transfer to non-spousal beneficiaries than real estate, stocks and certain other assets. However, retirement plan assets, including IRAs, 403(B) plans, 401(K) plans and other plans, represent one of the best assets for charitable giving. Consider using retirement plan benefits to make a significant gift to Carol Stream Parks Foundation. Due to the tax treatment of these plan benefits, the cost of your gift to your estate and heirs is often relatively small.
Other Ways to Leave a Legacy
There are more ways, such as charitable trusts and gifts of real estate, to benefit both your heirs and the Foundation. Individual situations vary, so please consult your professional advisers on other ways to give. If you are considering a gift of real estate, please contact us first to be certain the Foundation is able to receive your gift.
“For the first time, (my kids) were able to be a part of organized sports and they really enjoyed it more than I could have imagined. Their physical stamina and strength increased and they lost some weight and improved their health and fitness so much that it was noticeable even after the first year.”
– Thankful Resident