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 are there for generations to come.
Your donation helps us fund our Scholarship Program, Parks and Facility Improvements, Program Enhancements, and Green Initiatives.
Carol Stream Parks Foundation is a 501(c)3 organization dedicated to improving financial support for the Carol Stream Park District. All contributions to the Foundation are tax-deductible. Identified donors receive a written receipt.
The National Association of Parks Foundations held an awards night November 20 to recognize the Park Foundations for their dedicated work in their communities. The Carol Stream Parks Foundation was awarded the Creative Event Production award for our annual Duck Race.
Pictured from left to right – Foundation Board Members: Craig Cronquist, Frank Parisi, Dave Creighton, Pam Falco, Donna Freeman, Cindy Carlson, Jim Reuter.
The Carol Stream Parks Foundation presented the Carol Stream Park District’s Board of Commissioners with a check for $1,500 to benefit the Carol Stream Park District’s youth scholarship program at the Jan 8 Board Meeting. These funds were raised during 2017 through various fundraising events, such as the annual Duck Race, Bike Club memberships and generous donations to the Foundation.
Holding checks from left to right are Pam Falco (Staff Liaison), Mike Ashby (Foundation Board), Park Board Commissioners Brenda Gramann, Tim Powers, and Jackie Jeffery, Foundation Board members Amanda Vasek and Clem Malinowski. From left to right in the back are Jim Reuter (Carol Stream Park District Executive Director), Craig Cronquist and Carol Floren (Foundation Board), John Jaszka, Dan Bird and Tony Del Preto (Park Board Commissioners), Dave Creighton (Foundation Board), Brian Sokolowski (Park Board Commissioner), Cindy Carlson and Frank Parisi (Foundation Board).
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 from financial hardship afford recreation activity fees. Many kids and adults would not be able to play baseball, go camping, learn to swim, attend the after school program, or stay active and connected if it wasn’t for this program.
Park and 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 Carol Stream Park District “go green”, restore and protect natural areas, and educate visitors. Financial gifts or gifts of land help create a greener environment in our community.
Going to Smile.Amazon.com to make your Amazon purchases allows you to select a 501(c)(3) organization, such as the Carol Stream Parks Foundation, in which Smile. Amazon donates 0.5% of the purchase price of eligible Smile. Amazon purchases to the Foundation at no expense to you! Take advantage of this great way to give. Start shopping now!
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 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 be 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 a 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, consult your professional advisers on other ways to give. If you are considering a gift of real estate, 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