13 Oct CoFo Receives $1.5 Million GIFT IX Grant to Multiply Local Giving
Marion, Indiana — The Community Foundation of Grant County has received a matching fund grant totaling $1,500,000 as part of the ninth phase of Lilly Endowment Inc.’s initiative, Giving Indiana Funds for Tomorrow (GIFT IX). Community Foundation of Grant County will use $900,000 of the funding to grow its unrestricted endowment and $600,000 to support Project Leadership’s long-term organizational sustainability and capacity-building efforts. Qualifying gifts to the Community Foundation’s unrestricted endowment will be eligible for a $2-to-$1 match from Lilly Endowment, meaning every $1 donated will become $3 invested in Grant County’s future. Unrestricted endowment funds provide flexible grantmaking resources to respond to the community’s changing needs and opportunities. Qualifying gifts supporting Project Leadership’s long-term sustainability efforts will receive a $1-to-$1 match, doubling each eligible gift. The Project Leadership match will help strengthen the organization’s long-term financial stability, leadership continuity, and capacity to continue providing college and career readiness services to Grant County students. Through GIFT IX, Lilly Endowment has awarded matching grants totaling $124.5 million to community foundations across Indiana. Eligible community foundations submitted proposals requesting grants ranging from $250,000 to $13.2 million based on the population of the counties they serve. “GIFT IX is an incredible opportunity for Grant County,” said Dawn Brown,...