|
Endowment Fund
Mary Virginia Hughes
The Mary
Virginia Hughes Scholarship Endowment Fund was created in
2001 upon receipt of a bequest from the estate of Mary
Virginia Hughes.
Miss
Hughes (1928-2000) was born in Newark, Illinois. Her
parents, Wayne and Sadie Hughes, owned and operated a farm
in Newark.
Mary
Hughes lived and worked on the family farm her entire life.
She was a member of the Millbrook United Methodist Church.
She is survived by her brother, Wesley Hughes.
Scholarships from the fund are available to students
graduating from a high school located in Kendall County for
attendance at an accredited college or university. These
awards are reserved for students pursuing a major in the
field of agriculture.
_________________
For more information
regarding newly created funds within the Community Foundation,
please see our
2008
Summer Memorandum.
|
|
Securing
Your Community's Future
______________
The Power
of Giving Together
Many of us are unaware
of our potential to be philan-thropists. With effective estate
planning, valuable resources that would be lost to taxation will remain
to serve the future of our heirs and our local communities.
New research
commissioned by the Alliance of Illinois Community Foundations and the
Donors Forum projects an unprecedented transfer of wealth from the World
War II generation to the baby boomers and then from the baby boomers to
the next generation.
Read More
______________
A Golden
Opportunity
Transfer of Wealth
(graph of 50 year projections)
In 50 years, $1.35
trillion is expected to pass from one generation to the next in
Illinois. In just 10 years, $182.3 billion will have transferred.
National research
projects a $53 trillion transfer of wealth across the United States. But
while the average transfer nationwide will peak after 50 years, wealth
transfer in many Illinois counties will crest in twenty to thirty years.
In Kane and Kendall Counties, the greatest wealth transfer will likely
happen between the years of 2025 and 2035.
Read More
______________
Latest
Research
 |
|
Office
Hours
Monday thru Friday
8:30 A.M. - 5:00 P.M.
_________________
Office
Closed
Thursday, November 27, 2008
&
Friday, November 28, 2008
Thanksgiving Holiday |
