Date: January 16th, 2014

New Janesville Community Fund is Launched

PrintThe Community Foundation of Southern Wisconsin is proud to announce the establishment of the Janesville Community Fund (JCF), a new charitable endowment fund that will serve as a financial resource to the entire Janesville non-profit community.

“The fund will act like a venture capital fund, but for non-profits,” said Bryan Steil, advisory board chair.   “The community of Janesville will see the benefit of our investments in both immediate and long-term ways.”

Donations to the new endowment will be invested by the Community Foundation for long-term growth.  A portion of the earnings from the investments will be used to make grants to meet the needs of the Janesville community.  The remaining earnings will be reinvested for the future, allowing the endowment to grow.

The board is actively looking for charitable projects that will have a long-term benefit in Janesville, said Steil.

“As our fund grows, and we begin to make donations, our initial investments will have a positive impact on the Janesville community, and that impact will continue to grow over time,” he said.

Supporters of the Janesville Community Fund have raised more than $75,000 to date.  After supporters raised an initial $50,000, the Janesville Foundation, a private foundation serving the Janesville area, contributed $25,000 to the new fund as a match.   Fund raising is continuing under the direction of the JCF’s new advisory board.

In addition to creating the new fund, the board will also oversee donations from five existing charitable funds held by the Community Foundation of Southern Wisconsin and serving the Janesville area. Those existing funds hold over $600,000.

The founding advisory board of the Janesville Community Fund includes 14 current or former Janesville area residents:

  • Chair – Bryan Steil, assistant general counsel at Regal Beloit
  • Vice Chair – Duffy Dillon, attorney at Brennan Steil, S.C.
  • Secretary – Tim Lindau, attorney at Nowlan & Mouat
  • Todd Buehl, vice president and chief administrative officer at ABC Supply
  • Dan Cullen, site superintendent at J.P. Cullen & Sons
  • Nick Fitzgerald, president of online marketing at Foremost Media, Inc.
  • Christina Isackson, attorney with Carney Thorpe LLC
  • Troy Kruser, commercial real estate appraiser at L. A. Duesterbeck & Associates
  • Paul Mair, CPA at Summit Accounting Group, Inc.
  • Kristin Miller, physician with Mercy Health System, as of January 1, 2014
  • Ben Ryan, Senior Manager of Business Systems & Engineering at SunPower Corporation Texas in Austin
  • Steve Sheiffer, chair of the board of directors of the Community Foundation of Southern Wisconsin
  • Jon Wangerin, vice president, BMO Harris Bank
  • Matt Werner, former executive director and CEO of the International Business School of Management in Paris

Jim Cripe, retired attorney and former chair of the board of directors of the Community Foundation, advises the group.

The Janesville Community Fund joins 15 other community funds affiliated with the Community Foundation of Southern Wisconsin across a seven-county area.

Gifts to the Janesville Community Fund may be made by anyone in any amount.  Pledges may be made over a three-year period.

Donations may be sent to Community Foundation of Southern Wisconsin, 26 S. Jackson St., Janesville, WI  53548.  Online donations may be made from the Give Now page on the Community Foundation’s website at www.cfsw.org.  All donations are tax deductible to the full extent of the law.

For further information on the Janesville Community Fund, contact Sue Conley, executive director, (608) 758-0883.