IAAA Permanent Fund --
A New Dimension in Illinois Archaeology
On April 15, 2000, the Illinois Association for Advancement of Archaeology (IAAA) established the IAAA PERMANENT FUND, a new fund for the association. The PERMANENT FUND was developed to assist in preserving and developing the rich prehistoric and historic archaeological heritage of Illinois through the awarding of monetary grants for avocational and professional archaeological projects conducted within the State of Illinois. The PERMANENT FUND is operated by a Board of Trustees, consisting of four elected IAAA members and one appointed member of the IAAA Board of Directors. Grant applications are reviewed and selected by the PERMANENT FUND Board of Trustees and grants are awarded following approval by the IAAA Board of Directors.
The PERMANENT FUND currently consists of two fund accounts and monies in each account are used in different ways to provide grant funding. The initial and main funding arm of the PERMANENT FUND is the Endowment Fund. Only interest and dividends generated from conservative financial venues from this fund may be used to support yearly grants. The Current Year Grant Fund was initiated in 2013 and differs from the Endowment Fund in that any or all donations to the Current Year Grant Fund may be used to assist in funding yearly grants. Donors may direct their donation to the fund of their choice. Individuals donating at least $400 to the Current Year Grant Fund will have the option of naming a yearly grant as a memorial tribute. Interested parties now have a vehicle to donate gifts, memorials, endowments, bequests and similar contributions to either fund, knowing that these monies will be used to benefit Illinois Archaeology.
The PERMANENT FUND has been a successful venture. Grants were first awarded in 2004 and as of 2018, 36 grants have been awarded for various projects distributed throughout the state. Categories of projects that could qualify for a PERMANENT FUND grant include:
The PERMANENT FUND is a federal income tax exempt, public charity organization under section 501 c (3) of the Internal Revenue Code. Donations therefore are tax deductible and can be included in estate planning. All who are interested and concerned about Illinois heritage preservation can participate in funding this organization with the knowledge that donations are going to worthy causes.
Please explore your own situation; whether you are an IAAA member or Chapter, a professional archaeologist, or a friend and supporter of Illinois Archaeology. By supporting the PERMANENT FUND, you can be assured that you are supporting investigations that seek to better understand and preserve Illinois' rich archaeological heritage.
If you plan to contribute through a direct gift, donation, etc., make your check payable to IAAA Permanent Fund, specify which fund to direct your donation to, and send it to IAAA Permanent Fund Treasurer at the address listed below.
For questions concerning the IAAA Permanent Fund opportunities, contact the IAAA Permanent Fund Chair at the address shown below.
Trustees of IAAA Permanent Fund
Douglas K. Jackson
602 South Adams St.
Philo, IL 61864
1618 West Teton Dr.
Peoria, IL 61614
Phone: (309) 338-2973
Carolyn Stephens, 3867 N. County Rd 2400 E, Westfield, IL 62474 firstname.lastname@example.org (IAAA Board of Directors appointee)
Brian Kolde, 3528 Victor St., St. Louis, MO., 63104, email@example.com (Secretary 2017-2019)
Clare Tolmie, 33 Sunset Ave., West Chicago, IL 60185 firstname.lastname@example.org (Trustee 2017-2019)
Your Support is Needed to Preserve Illinois Heritage!