SPRINGFIELD—Today State Rep. David Welter (R-Morris) joined Governor Bruce Rauner in announcing the formation of a new not-for-profit, Illinois Fairgrounds Foundation, to emphasize capital improvements at the Springfield and Du Quoin fairgrounds.
“We need Illinois agriculture to flourish and the Illinois State Fair is a big part of promoting the Illinois farming community,” said Welter.
The Illinois State Fairgrounds in Springfield includes more than 170 buildings spanning 360 acres of land, with buildings as old as 124 years. The Du Quoin State Fairgrounds includes more than 20 buildings spread across more than 1,200 acres of land, with buildings as old as 93 years. Many of the buildings on both fairgrounds are in dire need of restoration, including paint, plumbing, roofing, and structural repairs. Combined, the fairgrounds carry $180 million in deferred maintenance costs.
“I am in full support of the Governor’s choice to make a non-for-profit for the Illinois State Fair,” said Welter. “Agriculture is Illinois’ number one resource and the state fair provides an amazing opportunity to not only showcase agricultural advancement, exports, and Illinois products but also provides a unique playing field for businesses both big and small.”
Charitable organizations provide a lawful way to supplement State funding with private donations. The Illinois General Not-for-Profit Corporation Act permits the incorporation of non-profit organizations for charitable purposes. Charitable organizations are tax-exempt pursuant to Section 501(c)3 of the federal tax code.
Donors to charitable organizations may receive tax-exempt status on their donations to these organizations.