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The Wisdom Foundation was established to assist in the substantial growth and overall well being of children and families in the greater Elgin area by providing financial support. The Foundation was created to give back to Elgin and the surrounding communities that have over the years given so much to Wisdom Adhesives.
A. Mission
At Wisdom Adhesives we strive to run a sustainable company that offers environmentally friendly and energy efficient products and that is based on sustainable business practices. We want to support sustainable initiatives in the greater Elgin community and we believe that programs/organizations that support families and children are sustainable. The Wisdom Foundation enables us to give back to the community and to be an advocate of strong families and youth programs in the greater Elgin community.
B. What does sustainability mean to us?
Sustainability is a complex term that can be applied to many facets of an organization. An organization that is sustainable focuses on what it is doing in the present to continue to grow without compromising the needs of the future generations. Following are a list of vital elements of sustainable organizations:
- A strong and focused mission that involves a strategic plan to achieve the mission.
- Well thought out and manageable programs that address a communal issue and that are inclusive to many individuals. These programs should include different steps where successes/failures are measurable and adjustable.
- A governing structure that can provide vision, policy, and support to the organization.
- Motivated and engaged staffs who are able to work diligently in a healthy and stable working environment.
- A strong presence in the community and high visibility.
- An organizational atmosphere that focuses on learning, assessment, and constant feedback and adjustments.
- An organization that is able to leave a positive impact on the community in which it serves and that develops at a pace that will not hurt the future of organization.
C. Everything you need to know about the Wisdom Foundation:
- Established by Wisdom Adhesives in 2007
- The Foundation is governed by a Wisdom Foundation Board of Directors.
- A Steering Committee leads the Board of Directors.
- The Board of Directors consists of a well diversified group of leaders with backgrounds in business, education and non-profits.
- The individuals in the Steering Committee have over fifty years of combined experienced in leadership roles.
- Both the Board of Directors and the Steering Committee meet semi-annually and also when necessary to review an applicant.
- The amount of money allocated to the Foundation is a defined percentage from the profits after taxes.
D. Interested Applicants- The Foundation Board and the Steering Committee look over each application thoroughly. Please review the following criteria to be sure that your organization fits within the parameters and is able to receive a grant.
- Is your organization’s headquarters located in the greater Elgin area?
- Does your organization maintain a sustainable approach to your development? If so, how?
- Are you qualified as a 501(c)(3) organization as tax-exempt entity?
If you can answer yes to these questions, please download the following forms and send to The Wisdom Foundation c/o Wisdom Adhesives, 1575 Executive Drive, Elgin, IL 60123:
We look forward to building relationships with sustainable organizations because it is important for the future of Wisdom Adhesives and the future of Elgin, IL.
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