Fulton County Community Foundation Offered $500,000 Matching Incentive from Lilly Endowment Inc.
The Fulton County Community Foundation (FCCF) has been offered $500,000 during the Lilly Endowment Inc. Giving Indiana Funds for Tomorrow (GIFT) Phase VI initiative.
This matching opportunity will significantly increase FCCF endowments and grantmaking capabilities. Donations to Fulton County’s unrestricted community funds will be matched $1 for $1, which will lead to an additional $40,000 annually in community grantmaking dollars.
The Endowment designed the match to raise unrestricted dollars, which help community foundations improve the quality of life in their communities. Unrestricted community funds allow the Community Foundation to support grants and programs that address the pressing needs in Fulton County.
Previous grants awarded from unrestricted community funds include development of the Fulton County Animal Adoption and Education Center; Kewanna Food Pantry; Nickel Plate Trail development; Fulton County Council on Aging upgrades; support to the Fulton Community Center and all community centers within Fulton County as well as the creation of a preschool scholarship program for needy children.
“This match will give our donors the opportunity to support the community now and into the future,” said Brian Johnson, director of development of the Fulton County Community Foundation. “Grants awarded through our unrestricted community funds support all of Fulton County and have long-lasting impact. With these additional matching dollars we can do even more good work in our communities,” Johnson said.
On July 16, the Endowment announced this sixth phase of its Giving Indiana Funds for Tomorrow (GIFT) Initiative for Indiana Community Foundations. In that announcement, Lilly Endowment’s vice president for community development Ace Yakey said, “The success of Indiana community foundations over the intervening years has far exceeded the Endowment’s expectations when GIFT began.”
Lilly Endowment launched the GIFT initiative in 1990 to help Indiana communities build endowments to become self-reliance and better able to support local projects and programs, which improve the life in each county and community in Indiana.
There are 94 community foundations throughout Indiana that make grants to support local charitable organizations in all of Indiana’s 92 counties. Since 1990, the aggregate value of the assets of Indiana community foundations that have regularly participated in GIFT has increased from about $30 million to nearly $2 billion, and those community foundations have paid grants totaling more than $915 million.
The total amount the Lilly Endowment has provided over this time period for asset building grants has been approximately $258 million. “These impressive results would not have been achieved without the imagination, generosity, commitment and leadership of thousands of donors, volunteers and foundation staff members throughout the state. We are amazed at the Hoosier philanthropic spirit,” Yakey said.
the Fulton County Community Foundation
Since 1993, Fulton County Community Foundation has brought caring people and charitable endeavors together for the good of this great community. The Community Foundation gives donors flexible and tax-effective ways to ensure their charitable giving. We work to build substantial endowment funds for our community through contributions large and small.
Fulton County Community Foundation is proud to be a part of the Northern Indiana Community Foundation (NICF). The NICF allows us to maximize our investment benefits and be more cost efficient. This way Fulton County donations can do more—right here in Fulton County.
So far, Fulton County Community Foundation has dispersed nearly 10 million dollars in grants and scholarships. Currently the Community Foundation holds over $12.8 million in assets and administers over 160 funds.
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