The Effingham County Community Foundation and Mattoon Area Community Foundation have forged an alliance that will extend philanthropic opportunities for southeastern Illinois.

The resulting organization, Southeastern Illinois Community Foundation, will provide administrative and technical assistance to its local member community foundations (initially Effingham County Community Foundation and Mattoon Area Community Foundation).

Joedy Hightower, president/CEO of the foundation, said, “Across the country, these community foundation partnerships have proven to be an effective way for communities to support local charities without taking on the cost and administrative burden of managing an endowment. The member foundations retain their own identities, but have access to the professional staff, fund management and investment expertise of the umbrella foundation. This results in reduced administrative expenses for the local foundations.”

This entry was posted on Thursday, June 25th, 2009 at 8:34 am and is filed under Community Foundations, Foundation Management, Philanthropy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.