A fund created by local couple Daniel and Stephanie Williams has grown more quickly than the pair anticipated when started as an acorn fund for the Rochelle Area Community Foundation in August 2018.
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A fund created by local couple Daniel and Stephanie Williams has grown more quickly than the pair anticipated when started as an acorn fund for the Rochelle Area Community Foundation in August 2018.
The Fund for the Arts was created by the couple with the purpose of providing future grants to fund projects to further arts in the Rochelle area and after last Wednesday’s second annual Fund for the Arts night hosted by Kennay Farms Distilling in downtown Rochelle, the acorn fund has sprouted into a full-grown permanent Donor Advised Fund.
“When we started the fund, we were giving it three years to reach the goal [$10,000 funded],” Stephanie said. “We never anticipated the fund would grow so quickly.”
Prior to the silent and live art auction Nov. 20, the acorn fund had an approximate $9,300 balance. In order for the fund to surpass the acorn fund status and potentially begin paying out, the balance must exceed $10,000 to become dubbed a Donor Advised Fund.
After the final tally of the Nov. 20 event, the Williams’ were excited that the fund had reached the donor advised fund status.
“We raised $5,329 between the silent and live auction and that put us over the $10,000 mark,” Stephanie said.
“We were just so happy with all the friends, family and all the faces of people that came out that we didn’t know who came out to support our night,” Daniel said. See