Don R. and Marsha D. Pedersen Charitable Fund

 

When Don and Marsha Pedersen, longtime area philanthropists, were seeking a way to continue giving to the nonprofit organizations they have long supported after they have died, they said they found a partner in the Community Foundation of the Great River Bend.

The Pedersens have been long supporters of the Marriage and Family Counseling Service in Rock Island, Quad-City Symphony, Camp Abe Lincoln and their church, First Presbyterian Church in Davenport.

They have established a Charitable Giving Fund and several endowments to support the causes they hold dear. “We feel we’ve been very fortunate,” said Don Pedersen, 75, a retired engineer. “We have more than our kids are going to need.”

Marsha Pedersen, 72, said that when people give to a nonprofit for so long and then suddenly that giving stops for whatever reason, it leaves a big hole in the financial planning of that organization. They wanted to prevent that from happening to the organizations they support. “You don’t have to have a lot of money to do this,” she said. “You can start with a little bit.”

Most importantly, Marsha Pedersen said, an endowment is a way to ensure that the charities people have supported in their lifetimes are supported into the future when they are gone.

"Mary and I have been interested in the issue of hunger in the Quad Cities for many, many years. It is great to be able to have an impact."

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Did You Know?

The Community Foundation made its first grant from the Community Impact Endowment in 1967. That grant, of $2,000, was funded by an estate gift from Bea Conrad.
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