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May 12, 2006
 
Oak Park-River Forest Community Foundation Reaches $10 Million Milestone with Edgar J. Kaufman Endowment Fund
for the Restoration of Unity Temple


Oak Park --- When executive director Keith Bringe of the Unity Temple Restoration Foundation (UTRF) recently delivered a check for more than $100,000 to the Oak Park-River Forest Community Foundation to establish its “Edgar J. Kaufman Endowment Fund for Unity Temple Restoration” the Community Foundation confirmed that this put them at
a milestone:  $10 million in assets under management! 



Keith Bringe said, “The Oak Park-River Forest Community Foundation has such excellent fiscal history, management and control, if you care about the future of our community, they are a force for good.  We are delighted, as a partner non-profit to be present at the 10 million dollar mark.  This deserves a true celebration.”


“The Foundation is thrilled to accept UTRF’s Fund and pleased to
manage these assets to help preserve this important Frank Lloyd Wright landmark in our community,” Theresa Amato, the new executive director of the Community Foundation, said. Amato noted that “more than 28
local community organizations, among many private donors, have their assets managed by the Community Foundation and invited others to consider the financial advantage and ease of housing assets with the Community Foundation.” 



David Valenti, the Foundation’s president said that “managing local endowment funds is just one example of how the Community Foundation provides advice and assistance to local nonprofit organizations.  The Community Foundation, started in 1958, strengthens our community through philanthropy by assembling financial resources to fund charitable activities in Oak Park and River Forest.  Last year the Foundation
granted more than $650,800 in scholarships and grants.  As the Community Foundation continues to grow, so will the amount we are able to give to the community.” 



Today there are more than 700 community foundations in the United States managing approximately $40 billion in community assets.  For
more information about how to be a philanthropist in Oak Park and River Forest, please call Donor Service Director David Weindling at 708.848.1560.