The Illinois Fairgrounds Foundation is basically a joke
Monday, Jul 30, 2018
* Last month, I took you back in time to show how the Illinois State Fair Foundation has been an abject failure. In 2017, the foundation’s chairman set a goal of raising either $2-3 million or $3-5 million a year, depending on the month he was making the prediction. More than $185 million is needed at the fairgrounds for infrastructure improvement.
The SJ-R updated us yesterday…
* And still no word about this promise by the foundation’s chairman in March…
Money to fix the Coliseum was appropriated in this fiscal year’s budget.
The Illinois Fairgrounds Foundation was launched in August of 2016 and raised a whopping $100 that year, according to documents filed with the attorney general’s office.
* Meanwhile, Archer Daniels Midland Company, Caterpillar and CME Group - which all have strong agriculture ties to Illinois - gave the Illinois Governor’s Mansion Association at least a million dollars each, as did three separate branches of the Funderburg family and the governor himself. John Deere contributed between $250,000 and $499,999, as did JB Pritzker’s family foundation.