Galena Foundation Inc

Overview

The Galena Foundation Inc is a not-for-profit organization dedicated to preserving, enhancing, or nurturing the heritage, culture, and quality of life in Galena, Illinois. It operates as a private grantmaking foundation categorized under Philanthropy, Voluntarism and Grantmaking Foundations. Donations to this organization are tax deductible.

Mission

The foundation's mission is to initiate and provide financial support for community projects. Its board of directors is responsible for initiating restoration and preservation projects and granting funds to organizations that align with the foundation's mission.

History

The foundation has a rich history of undertaking significant projects in Galena. Its first major project was the Old City Cemetery Restoration, initiated in 1986. Since then, the Galena Foundation has completed numerous projects of historical significance, ensuring restorations are carried out thoughtfully and meaningfully. Some of its notable projects include the restoration of the Old Train Depot, Turner Hall, and the High School Steps.

Notable Projects

• Old Train Depot: The foundation partnered with the City of Galena to restore this historic depot, originally built in 1857. The restoration aimed to return the building to its original Italianate architecture.
• Turner Hall: Upgrades and preservation efforts were conducted to ensure that Turner Hall remains a vibrant community gathering place.
• High School Steps: This project involved significant community fundraising and was recognized with a Richard H. Driehaus Award for outstanding restoration.
• Old Market House: A collaborative effort to repair and repaint the exterior of the historic Old Market House State Historic Site.

Financial Profile

The foundation relies on contributions, investment income, and asset sales for revenue. Its charitable disbursements make up the majority of its expenses. As of the latest available financial data, the organization had total assets exceeding $900,000 and no liabilities.

Governance

The Galena Foundation is governed by a board of directors who oversee its operations and strategic initiatives. The board consists of directors and officers who are committed to the organization's mission without drawing any compensation from it.