Community Foundation establishes On the Waterfront Fund - WREX.com – Rockford’s News Leader

Community Foundation establishes On the Waterfront Fund

Posted:

PRESS RELEASE

Rockford, IL – The Community Foundation of Northern Illinois announced today that the Board of Directors for On the Waterfront, Inc. has established a charitable fund at the Foundation.

The immediate purpose of this fund will be to provide financial resources to nonprofits that have not yet been paid for participating in the On the Waterfront Festival. Many of these nonprofits are small organizations (modest volunteer efforts and youth groups) and On the Waterfront served as their only fundraising event for the year.

Since 1988, On the Waterfront raised over $10 million in charitable dollars for the area. As was reported earlier this week, On the Waterfront will no longer continue to put on the annual Labor Day Festival due to difficult economic conditions and an increasing burden of debt.

"We are pleased to help On the Waterfront support the nonprofits in this community," said Gloria Lundin, President of the Community Foundation. "On the Waterfront was a premier event and we urge people to help it fulfill its original mission – to give back to this community."

Contributions to the On the Waterfront Fund are tax-deductible and are accepted at any time.

Make checks payable to the Community Foundation and write OTW on the memo line. Send checks to 946 N. Second Street, Rockford, IL 61107. Donations can also be made online at www.cfnil.org/give/donate-now. Indicate OTW as the fund name.

The Community Foundation of Northern Illinois is the area's largest provider of grants and scholarships. Its mission is to attract, grow, and preserve an endowment for the needs of Northern Illinois.

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