The LGBT Community Fund

A donor-advised fund gets launched

The LBGT Community Fund, a donor-advised fund of the Chicago Community Trust, was publicly launched in 2010. After conducting a community needs assessment and setting funding priorities, the Fund engaged Millennia to guide its grant making process. Millennia is pleased to be involved in this most important grantmaking program.

The Fund will have three funding cycles and will award approximately $1 million in in grants in Cook County in 2015-16. Priorities include LGBTQ seniors, LGBTQ young adults (24 and younger), community safety, and general healthcare.

The Fund is currently in its first grantmaking cycle, and IMPACT Grant proposals are currently being reviewed. Recipients will be announced this summer. IMPACT Grants are intended to provide seed money for projects that are in their infancy or capacity building support for emerging and existing organizations.  Grants will range from $10,000 to $25,000.

The second round of funding will focus on TRANSFORMATION Grants for projects that will seek to move the broader LGBT Community significantly and profoundly towards a better quality of life. Grants will range from $50,000 to $150,000.

The focus of the third funding cycle is undetermined at this time.

The Chicago Community Trust provided $500,000 as a permanent endowment with the requirement that the LGBT Fund Steering Committee raise $1,000,000 in matching dollars to be used for grantmaking. The Elizabeth Morse Charitable Trust issued a $150,000 matching challenging to help encourage gifts. To date the fund has raised over $735,000 in addition to The Chicago Community Trust’s contribution. The Fund is not building an endowment beyond the initial Chicago Community Trust commitment. Rather, it is raising funds in order to make grants.