2013 SPECIAL EDITION eNewsletter 
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Dunham Fund Recognized for Innovation
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OUR MISSION
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The mission of the Dunham Fund is to honor the legacy of John C. Dunham.
In that spirit, the Fund supports organizations that work to make the world a more comfortable, safer place for mankind to live and prosper, giving special consideration to Aurora-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.
From the John C. Dunham
Declaration of Trust
1995
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Janet Morcos
retires as
Dunham FundAdvisorJanet Morcos came to Aurora, Illinois after graduating from Illinois State University where she received a Bachelor of Science degree in elementary education and began a thirty-three year career teaching in West Aurora School District 129. Her husband, Jacob "Jack" Morcos, had been invited by John Dunham to serve on the first Board of Advisors of the Dunham Fund. When he passed away in 2006, Janet was appointed to serve on the Board. "Having been in education, I shared many of the visions that John envisioned for the Dunham Fund. It is my desire to see America return to its leadership in education by giving all children a full chance to make the most of their lives and fulfill their potential. Education can change the world. It has been my pleasure to work with the Dunham Fund and to help fulfill John's vision for his foundation."
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Dunham Fund Helps to Launch an Illinois Social Impact Bond Program
Judith Rodin, Rockefeller Foundation President, Ryan Maley, Dunham Fund Board Member, and Illinois Governor Pat Quinn at the Council on Foundation's 2013 conference.
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On April 9, 2013 at the Council on Foundation's Annual Conference in Chicago, Dunham Fund Board member, Ryan Maley, along with Illinois Governor Pat Quinn and Rockefeller Foundation President, Judith Rodin, announced support of the implementation of an Illinois Social Impact Bond Program. According to Governor Quinn, the program provides the state with ways to "scale and sustain programs with proven track records". Social impact bonds are innovative financing mechanisms for social programs in which government agencies pay for real, measurable social outcomes only after those results have been achieved. The state signs a "pay for success" contract with a service provider to implement and monitor a particular social service program identified as critical to the state's well-being. The state social impact bonds are issued and the investors provide the upfront costs of the program and receive an investment reimbursement and reasonable return when the program outcomes have been achieved.
Maley, who is also a member of the Governor's Task Force for Social Innovation, Entrepreneurship and Enterprise, announced that the Dunham Fund provided a $275,000 grant to Kennedy School at Harvard University to bring a fellow from its Social Impact Bond Technical Assistance Lab to Springfield to identify the most critical social needs in the state that would respond well to this sort of investment. "Although the Dunham Fund is a small foundation compared to some of the organizations represented at this conference," said Maley, "it is still the largest private foundation in Aurora, the second largest city in Illinois. Our city faces nearly all the same challenges as much larger cities." Although the Dunham Fund usually limits grants to the Aurora area, Maley said this program can provide local not-for-profits additional funding resources, as well as help other services "expand their programs into Aurora."
To learn more about the State of Illinois Impact Bonds view the Dunham Fund Social Impact Bond Video on . . .
Back to "In This Issue"
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 Honors Dunham Fund with the Foundation Philanthropic Award
On May 22, 2013 at their 11th Annual Awards ceremonies, West Suburban Philanthropic Network named the Dunham Fund as the recipient of the Foundation Philanthropic Award. Michael Morcos, vice chairman of the Dunham Fund, announced that the Fund was "honored to receive the award. John Dunham cherished his lifelong support form the Aurora community and our board strives to fulfill John's desire to keep Aurora a community where its citizens want to live and have the opportunity to prosper." The Fund was nominated for the award by Linnea Windel of VNA Healthcare. She said in her nomination that "The level of commitment to the vulnerable members of the community by the Dunham Fund has been ongoing and is effectively eliminating barriers to health care, education, and other programs that enrich all of our lives, providing pathways out of poverty and inspiring others to join them in being agents for positive change." The Fund was recognized in particular for providing the funding for the founding of the John C. Dunham Pediatric Clinic within VNA's Health Center in Aurora. Other Dunham projects recognized were the Fund's support of the John C. Dunham STEM Partnership School at Aurora University, the John C. Dunham Pavilion at Aurora's RiverEdge Park, Presence Mercy Medical Center's Diabetic Wellness program, and the challenge grant for the establishment of an Operating and Endowment Fund for CASA Kane County.
Linnea Windel, the president and CEO of VNA Health Care, was also honored as Nonprofit Executive of the Year at the WSPN Awards luncheon. Linnea is celebrating 25 years of service with VNA. VNA Health Care has been a recipient of Dunham Fund grants to enhance their facility on Highland Avenue in Aurora and to support innovative and collaborative programming implemented by the organization that currently has a operating budget of $28 million a year, with a staff of over 380, including 200 physicians, nurse practitioners, nurses, rehabilitation therapists, registered dietitians, medical social workers and support personnel. This Joint Commission accredited, federally qualified health care program provides for more than 195,000 patient visits a year through Home Health, Hospice, Community Wellness, VNA Health Centers and the VNA Pharmacy.
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Dunham Fund and City of Aurora share
On May 16th at the 2013 Fox Valley United Way Annual Breakfast, the Dunham Fund and City of Aurora were recognized with the Live United Award for their support of collaborative early childhood learning initiatives in the Aurora area. The Dunham Fund provided initial and substantial support for the three lead initiatives . . . Aurora University's Institute for Collaboration STEM Partnership School for 3rd through 8th graders, the A+ Foundation's Pathways to Prosperity, and United Way's S.P.A.R.K. (Strong, Ready And Prepared for Kindergarten) programs. Because of these innovative initiatives, Aurora will be one of the communities to receive federal funding from the Race to the Top Early Learning Challenge Grant to create "Early Childhood Innovation Zones" in Illinois.
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We hope you've enjoyed this Special Edition of our eNewsletter
Join us on the Dunham Fund website to learn more about the grants, scholarships and program related investments awarded by the Dunham Fund.
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Dunham Fund Board of Advisors (1st row, left to right): William B. Skoglund, Wendy P. Hirsch, Mark E. Truemper, Chairman; (2nd row, left to right): Robert W. Vaughan, Stewart A. Beach, Michael J. Morcos, Ryan J. Maley
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Dunham Fund 8 East Galena Boulevard, Suite 202 Aurora, IL 60506 630.844.2774 |
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