User:Avigl/sandbox/Chicago Community Trust

Chicago Community Trust (CCT), headquartered in Chicago, Illinois, is a community foundation made to (according to their website) "give local residents an opportunity to support their community in perpetuity".

History
The CCT was founded in 1915 by bankers Norman Wait Harris and Albert Wadsworth Harris, and was initially presented to the board of Harris Trust & Savings Bank. The first donation of the CCT was $200,000. Norman died the following year, with his son Albert taking over the CCT.

An early history of the CCT was written by Frank D. Loomis, an early leader of the CCT. It covers the CCT and its development during 1915–1962. However, this account does not criticise the CCT or the motives of any of its trustees.

Loomis later wrote a more detailed piece on the development of community foundations, after his retirement from the CCT. In this piece, Loomis mentioned how he thinks banks shouldn't be handling non-profit organizations as it points to their greedier motives, and raised the question: "A bank is a corporation organized for profit; should it also manage and control a charitable institution organized not-for-profit?"

The CCT is also the second oldest and one of the largest community foundations in the United States.

Grants
The CCT offers a variety of grants such as:

GO Grants
Launched in 2015, these grants are awarded to local partnered nonprofit organizations that target that issues associated with the daily quality of life of all the residents.

Inspiring Philanthropy Grants
Newly launched in 2016, this grant program awards grants ranging from $2,500 to $25,000 in order to inspire philanthropy among the community.

Innovation Fund Grants
Another newly launched program in 2016, this grant program seeks to grants funds to foster innovation that can impact the entire community.

Partnerships and Initiatives
The CCT offers grants through partnerships, such as: The CCT also offers grants through its own initiatives such as:
 * Arts Work Fund
 * McHenry County Community Foundation
 * Get IN Chicago
 * Hive Chicago Fund for Connected Learning
 * Springboard Foundation
 * Community Foundation of Will County
 * Lake County Community Foundation
 * African American Legacy
 * Youth Leaders Fund
 * Latino Giving Circle
 * LGBT Community Fund
 * Nuestro Futuro
 * Food:Land:Opportunity
 * Pillars Fund
 * Asian Giving Circle

Grant Eligibility
The CCT awards grants to nonprofit organizations that can provide evidence of tax-exempt status under Section 501(c)(3) of the Internal Revenue Code that are not classified as private foundations. All grants also have individual criteria.

Grants are only awarded to organizations that benefit those livings in the Chicago region, and only awards grants in the following counties:
 * Cook County, Illinois
 * DuPage County, Illinois
 * Kane County, Illinois
 * Lake County, Illinois
 * McHenry County, Illinois
 * Will County, Illinois

Community
Some of the Community Sponsors of the CCT include:
 * Bluhm Family Charitable Foundation
 * BMO Harris Bank
 * Northern Trust
 * U.S. Bancorp (USBank)

Supporting
Some of the Supporting Sponsors of the CCT include:
 * Bandon Dunes Golf Resort
 * Blue Cross Blue Shield of Illinois (Blue Cross Blue Shield Association)
 * Commonwealth Edison (ComEd)
 * William Blair & Company
 * PNC Financial Services
 * Sun-Times Media Group

Centennial
Some of the Centennial Sponsors of the CCT include:
 * Bank of America
 * Allstate
 * JPMorgan Chase