WILLMAR AREA COMMUNITY FOUNDATION RECEIVES SEVEN-FIGURE BEQUEST THAT DOUBLE THEIR ASSETS

The Willmar Area Community Foundation (WACF) announced today that Alice Cox, who died on December 29, 2011, designated the Willmar Area Community Foundation as recipient of her entire estate, which is valued at over $6 million.  This gift will double the assets of WACF to over $12 million.

“This is truly an extraordinary gift from an extraordinary woman,” said Dean Anderson, Spicer resident and Director of the Foundation. “Alice believed in the Willmar area, and through this gift, she will be making an impact that will last the generations.”

Cox was born and raised in Lake Lillian. She lived most of her adult life in California, but returned to Willmar in 2004, shortly after the death of her husband, Joe.

Her unrestricted gift will establish the Joe and Alice C. Cox Fund within the Community Foundation.

“This is a transformational gift—for our Foundation and for our community for which we are extremely grateful,” said John Lindstrom, New London resident and chair of the WACF Board of Directors. “The Board will be working carefully over the next months to ensure that Alice’s extraordinary gift has abiding benefits for our community, and we truly honor Alice’s confidence in the Community Foundation.”

Cox received the Award in Philanthropy from the Willmar Area Community Foundation in October 2011.

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The Willmar Area Community Foundation (WACF) is a public charity that attracts and administers charitable funds for the benefit of the local community. Since 1998, WACF has now grown to more than $12 million in assets and awarded $2 million in grants to local nonprofits. WACF is affiliated with the Central Minnesota Community Foundation, which administers more than 500 funds and has more than $70 million in assets. Learn more at CommunityGiving.org/Willmar.

For more on grants and grant writing, visit Grant Pros.

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