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The Dunham Fund

Profile

Last Updated: 2016-05-12

At A Glance

The Dunham Fund

8 E. Galena Blvd., Ste. 202

Aurora, IL United States 60506-4161

Telephone: (630) 844-2774

URL: www.dunhamfund.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $84,885,267

Total giving: $3,873,725

EIN

376416138

BRIDGE Number

3910382793

Background

Established in 2007 in IL

Purpose and Activities

The mission of the fund is to honor the legacy of John C. Dunham. In that spirit, the fund supports organizations that work to make the world a safer and more comfortable place for mankind to live and prosper, giving special consideration to Aurora, Illinois-area organizations engaged in providing education and to organizations engaged in assisting individuals to attain heights they may not have attained without the benefit of such assistance. Areas of interest include: education within formal academic settings such as licensed early childhood education, K-12, college, and graduate school, including STEM (Science, Technology, Mathematics and Science) education, workforce development, and other accredited professional certifications; and community development, which the fund describes as the expansion of infrastructure, capital, resources, human capital or aggregate capability available to the community on a long term basis that provides support for stronger social or economic interaction and performance.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Dunham Scholarship Fund

The fund annually allocates funding for this scholarship within the Community Foundation of the Fox River Valley. Begun in 2010 and for subsequent years, a total of six scholarships will be awarded annually, providing up to $30,000 per student for up to four years of study. Administered for the Dunham Fund by the Community Foundation, the scholarship fund will award these scholarships to students residing in the Community Foundation's service area that includes the City of Aurora, southern Kane County, and Kendall County in IL. The Community Foundation of the Fox River Valley Scholarship Committee will evaluate the scholarship applicants and award two Dunham Scholarships based on excellence in academic performance; two based on great financial need; and two based on the students' ability to overcome personal obstacles to achieve their educational goals regardless of financial need. All students should have demonstrated leadership, community service and a strong work ethic. For the first year, up to $7,500 will be available per student. In subsequent years, up to $10,000 will be available per student per year, the total of the four years not to exceed $30,000. Eligibility for renewal of this award is limited to students attending an accredited school, college or university on a full-time basis and maintaining a 2.5 GPA on a 4.0 point scale as evidenced by submission of a copy of their college transcript. High school seniors at the listed schools interested in Dunham Scholarships do not apply directly to the Dunham Fund, but must complete the Community Foundation Scholarship Application and Financial Information Form, indicating their interest in the Dunham Scholarship by selecting the appropriate option on the application. Applications may be obtained from the Community Foundation in Dec. of each year .

Program-Related Investment

The foundation has made a PRI to a program which rehabilitates distressed homes on the near east side or Aurora, IL, as well as it has made a PRI in the form of interest-free funding for the improvement of a theater .

Fields of Interest

Subjects
  • Community and economic development
  • Community improvement
  • Economic development
  • Education
  • Housing development
  • Urban development
  • Vocational education
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $84,885,267 (market value)

Expenditures: $5,026,568

Total giving: $3,873,725

Qualifying distributions: $3,873,725