Urban & Margaret Hipp Family Endowment Fund Grant

Urban & Margaret Hipp Family Endowment Fund Grant

Status: ACTIVE
Funder: Community Foundation of the Fox River Valley
Amount: US $1,000
Last Updated: January 16, 2026

Summary

Overview

Community Foundation of the Fox River Valley The Community Foundation of the Fox River Valley is a collection of individual funds and resources given by local citizens to enhance and support the quality of life in the Fox River Valley of Illinois. We are a tax-exempt public charity that allows individuals, businesses, and non-profit organizations to establish permanent endowments and temporary funds within the confines of one large foundation. Foundation funds are used to provide grants to non-profit organizations and scholarships to area students. The Foundation also hosts a Youth Engagement in Philanthropy (YEP) program, which helps high school students learn more about philanthropy and empowers them to make a difference in the community. The Community Foundation of the Fox River Valley serves the City of Aurora, Kane County, and Kendall County within the State of Illinois. Urban & Margaret Hipp Family Endowment Fund The Urban and Margaret Hipp Family Endowment Fund provides scholarships to local students. This fund was created in 1964 as an advisory fund and became an endowment fund in 2009. Urban Hipp (1913-2011) was born in Aurora, Illinois. He was a graduate of East Aurora High School and the University of Illinois (Class of 1936). In 1939, he began his career at the Barber Greene Company where he served as vice president of finance and a director prior to his retirement in 1978. Mr. Hipp also was a director of the Old Second National Bank, Mercy Center Hospital and the Illinois State Chamber of Commerce. Margaret Barber Hipp (1915-1999) was born in Aurora, Illinois. She was the daughter of Harry H. Barber (co-founder of the Barber Greene Company) and Blanche Capron Barber. Mrs. Hipp graduated from the University of Illinois in 1937 where she was a member of the Pi Beta Phi Sorority. She was active in many community activities including the Child Welfare Society and the Tuesday Garden Club. The monetary value of each scholarship award varies depending upon the amount available in each individual scholarship fund. The most common scholarship award amount is $1,000 for a single year. Scholarships are designated as non-renewable one-year awards or renewable multi-year awards depending upon the scholarship fund criteria, as established by the donor of the scholarship fund.

Eligibility

You can learn more about this opportunity by visiting the funder's website. Graduating high school seniors in the Community Foundation service area are eligible to apply.DeKalbDuPageLaSalleKendallKaneGrundyWillApplicants must maintain a permanent address located within the Community Foundation Scholarship Program service area (a few exceptions apply).