HACF’s assets top $3 million

News LeaderJune 25, 2014 

The Highland Area Community Foundation (HACF) has reached a new milestone. Its asset base now tops more than $3 million. With this asset base, HACF provides grants and scholarships from both investment earnings and its Sustaining Members Program.

Founded in 1995, HACF has helped more than 80 various organizations with grant dollars to assist with all types of projects. Grants awarded over the years include improvements to parks, city beautification, assistance to area schools and libraries, and assistance to local organizations that serve the community, youth through seniors in various ways.

The HACF was also instrumental in the building of the Korte Recreation Center and still holds an endowment of $1,176,217, the earnings of which provide an operating grant to the Korte Recreation Center each year.

HACF continues to work with the community to build its endowment and has helped to create 90 individual funds designated for specific purposes and general grants, plus many Pass-Through Funds for specific charitable areas. HACF also manages the Louis Latzer Library Trust for the local library.

HACF will celebrate its 19th year serving the greater Highland area at its 2014 Grants Banquet. This year’s banquet is scheduled for Oct. 9 and will be sponsored by TheBANK of Edwardsville for the 10th consecutive year.

With the addition of approximately $60,000 in grants to be awarded at the upcoming banquet, grants given over the last 19 years will total $742,000.

Within the past year, HACF has established a Facebook presence, set-up a PayPal account for those wishing to make donations on line, and an Amazon.Smile account which allows those purchasing items on Amazon.com to donate a percentage of their purchase dollars to the foundation.

If you would like to know more about the HACF, call 654-4727 or visit the website at www.hacf.org. A complete listing of grants given out since 1996 can also be found on the website.

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