Foundation Surpasses $25 Million in Assets

FOR IMMEDIATE RELEASE

May 25, 2007

Contact: Mike Sitrick, Manager of Development

(630) 665-5556 or msitrick@dcfdn.org

Wheaton, IL—The DuPage Community Foundation is pleased to announce it recently surpassed $25 million in total assets. This momentous achievement occurred in late April as the result of the Foundation’s receipt of several significant year-end and early first quarter gifts, combined with strong performance results from its investment portfolio.

“The Foundation is thrilled to have surpassed such a significant milestone,” said President Dave McGowan. “Since 2002 Foundation assets have increased from $8.3 million to more than $25 million, an increase of more than 300%. This growth, in turn, has allowed us to increase our annual grant distributions from $325,000 to more than $820,000 over the same time span, an increase of more than 250%. Such tremendous growth couldn’t have been possible without the generous support and advocacy of our many friends and partners. Their confidence and trust have been the driving force that’s allowed us to increase our impact throughout the community over the past several years, and we’re deeply grateful.”

Examples of recently-established funds that contributed to the Foundation’s surge in assets include the Dale Family Fund, Didzerekis Family Fund and Diehl Family Fund (donor-advised funds); the Susan and Gerald Stewart Scholarship Fund; the Chicago Society for Surgery of the Hand Fund and Dancing With Chicago Celebrities Fund (designated funds); and the Audrey and Glenn Mensching Fund (a named fund of the Foundation’s Communityworks Endowment Fund). Significant deposits from such agencies as Central DuPage Pastoral Counseling Center, DuPage Children’s Museum, DuPage Convalescent Center Foundation, Elmhurst Symphony Orchestra, Exchange Club of Naperville, Glen Ellyn Library Foundation, Kiwanis Club of Glen Ellyn and the United Way of the DuPage Area also helped fuel the growth.

Established in 1986, The DuPage Community Foundation is a publicly-supported 501 (c) (3) organization to which contributions are tax deductible. The Foundation was created to benefit the people of DuPage County and receives contributions and bequests into a permanent endowment from individuals, corporations, organizations, and foundations wishing to make lasting contributions to the people of DuPage. The earnings on these funds are then used, in accordance with donor wishes, for the Foundation’s grantmaking and community leadership activities.

The DuPage Community Foundation seeks to raise the quality of life throughout DuPage County by developing and channeling philanthropy to meet the needs of its residents. Based on the American virtues of volunteerism and philanthropy, the Foundation fosters a legacy of support for the people of DuPage County by making grants to not-for-profit organizations working in the arts and culture, education, environmental affairs, health, and human services.

For further information about the Foundation or to arrange future media opportunities, please contact Michael Sitrick, manager of development, at (630) 665-5556 or msitrick@dcfdn.org.