News from the Looser-Flake Foundation

 

January 17, 2014 - Press Release

Mercer County sisters establish $6 million foundation to benefit local agriculture, education, and economic development

BETTENDORF, Iowa – The Looser-Flake Foundation has been established to benefit Mercer County, with preferred support to New Boston Township, Illinois.  The Foundation assets total $6 million, and it will make its first distributions in late 2013. The fund will serve charitable causes in Mercer County, Illinois starting in 2014.

Sisters Dorothy Looser-Flake and Roberta Looser, were born and raised on a family farm near New Boston Township, Illinois. Dorothy, born in 1913, was a fifth grade teacher in the Rock Island public schools for many years. After retiring in 1966, she enjoyed traveling, particularly with her sister Roberta. Dorothy died on May 26, 2006 at age 93.

Roberta, born in 1919, was also an elementary school teacher. She taught in both Mercer County and for the Rock Island Public Schools, retiring in 1969. Roberta enjoyed traveling with Dorothy, and the two were both active in their church and retired teacher association.

Both Dorothy and Roberta left a portion of their estates to establish the Looser-Flake Charitable Foundation. Their Mercer County upbringing and careers as educators greatly influenced their decision to direct the Foundation to provide opportunities for improvement, maintenance and advancement of local education, as well as agricultural and economic development for people in their community.

The mission of the Looser-Flake Charitable Foundation is to advance economic development and further cultural and educational opportunities in Mercer County, Illinois, with a particular focus on the New Boston Township in Mercer County, Illinois.

The administration of the Foundation will be conducted by the Community Foundation of the Great River Bend. Dorothy and Roberta appointed a board of directors to oversee their Foundation.  Grant applications will be available in 2014 on the Foundation’s website,  www.cfgrb.org and click Private Foundations

 “This partnership between the Looser-Flake Foundation and the Community Foundation ensures that the charitable wishes of Dorothy and Roberta will be carried out for years to come,” said Susan Skora, President and CEO of the Community Foundation of the Great River Bend. “We are regional experts in philanthropy, identifying community needs, and the grant making processes, and will provide our support to the Looser-Flake Charitable Foundation to create maximum impact to advance economic development and further cultural and education opportunities in Mercer County.”

For more information about the Looser-Flake Foundation, please call 563-326-2840. The administration of the Foundation is conducted by the Community Foundation of the Great River Bend (www.cfgrb.org).  

“My ponderings about my nest egg, and the needs of Humility of Mary Housing, Inc. seemed like a match! And the Community Foundation is the matchmaker."

Read more

Refer a friend to us

Know someone who would benefit from the expertise of our financial professionals at the Community Foundation? Refer them to us now!

Did You Know?

Charitable organizations in the Quad Cities that promote youth activities can apply for the Roy E. Murray Foundation Grant for Youth.
Read more