History of the Scott Community Foundation
The Scott Community Foundation history began in 1987 as the Scott County Health Care Foundation, with a purpose of advancing health care needs in the community. (Articles of Incorporation were filed in 1984.) Over the next 13 years, the organization raised nearly $400,000 through bake sales, auctions and dances to help meet the health care needs of the community.
Seeing a need to expand the Foundation’s mission and support for the community, in 2000 it was decided to better meet the needs of the overall community by amending and re-establishing as a community foundation. While health care remains a significant area for Foundation activity, the new structure allowed the Foundation to expand its philanthropic interests to include education, recreation, history, the arts and other special projects. Scott Community Foundation is a special type of nonprofit organization – its whole purpose for existence is to create and build endowed funds, the proceeds from which are used in perpetuity to benefit Scott County and the surrounding area. Unlike “private foundations” such as the Gates, Carnegie, and Rockefeller Foundation, the Scott Community Foundation is a “public charity”. This means the majority of the assets are received from local individuals, organizations, and businesses.
Because most of the funds held are generated locally, it only makes sense that local leaders decide how those funds are managed. The volunteer Board of Trustees, comprised of Scott County Leaders, guides the Foundation’s strategic direction and establishes policies for investment management, grant making, and operations.
Generous community support and sensible investment management have enabled the Scott Community foundation endowment to reach nearly 9 million dollars. The proceeds from these funds will continue to be used in perpetuity to fund postsecondary education scholarships and community projects in accordance with donors’ intentions. Since 2000, Scott Community Foundation has distributed more than $8 million back into the community through grants, scholarships, and other special projects.