Miami County Community Foundation Offered $500,000 Matching Incentive from Lilly Endowment Inc.
The Miami County Community Foundation (MCCF) has been offered $500,000 through Giving Indiana Funds for Tomorrow (GIFT) Phase VI, an initiative of Lilly Endowment Inc.
This matching opportunity will significantly increase MCCF operating endowments and grantmaking capabilities. Donations to Miami County’s unrestricted community funds will be matched $1 for $1, which will lead to an additional $20,000 annually in community grantmaking dollars. The MCCF operational fund will benefit $1 for every $2 given to all other permanent endowment funds.
The Endowment designed the match to raise unrestricted dollars, which help community foundations improve the quality of life in their communities as well as boost operating funds that enable the MCCF to maintain a presence in the community to better address local challenges and needs.
Previous grants awarded from unrestricted community funds include new computers for the Peru Public Library; support to the Miami County Historical Society, Nickel Plate Trail and project and programs from Amboy to Macy. Special incentives from unrestricted dollars also created a preschool scholarship program for needy children in Miami County. Since 1997, over $1.4 million dollars have been granted to local organization projects through Miami County unrestricted community support dollars.
“This match is an opportunity for donors to support the community and the Community Foundation now and into the future,” said Connie Cutler, director of development of the Miami County Community Foundation. “Grants awarded through unrestricted community funds support all of Miami County and have long-lasting impact.” Cutler 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 Miami County Community Foundation
Miami 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 Miami County donations can do more—right here in Miami County.
So far, Miami County Community Foundation has dispersed nearly 5.2 million dollars in grants and scholarships. Currently the Community Foundation holds over $7.6 million in assets and administers over 140 funds.
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