05 Dec GIFT VII Matching Fund Grant Announcement
The Community Foundation of Grant County has received a grant of $1Million as part of Lilly Endowment Inc.’s seventh phase of its Giving Indiana Funds for Tomorrow (GIFT) initiative. With GIFT VII, the Endowment is making up to $125 million available to help Indiana community foundations strengthen the towns, cities and counties they serve.
The Community Foundation of Grant County can use this matching fund grant to build our financial assets and support our charitable activities. With this matching grant must, $700,000 will be designated to support the growth of the Community Foundation of Grant County’s unrestricted endowments, known as our Community Impact Funds, which over time will provide flexibility to help the foundation to meet community needs through grantmaking. The Endowment will provide $2 for every $1 contributed to the Community Foundation of Grant County’s unrestricted endowments/community impact funds during the matching period, October 1, 2018, through December 31, 2020.
The Community Foundation of Grant County also chose to designate $300,000 of the matching fund grant to support a charitable project that address a systemic Grant County issue: Childhood Poverty. The Endowment will provide 50 cents for every $1 that the Community Foundation of Grant County raises during the matching period for projects and programs related to Thriving Families, Thriving Grant County.
“Our Board of Directors determined in our latest Strategic Plan that we wanted to work to create greater impact in the community—that’s no small task! That kind of work must be intentional and often requires asking and answering difficult questions. Because our sights were already set on this course, we were thrilled to receive notification from Lilly Endowment Inc announcing GIFT VII and are excited to embark upon the challenge of raising these matching funds for Grant County. We accept this generous gift with vigor and are committed to seeing the GIFT VII matching fund objectives through to completion. Our enthusiasm for this grant is bubbling over!” —Dawn Brown, President & CEO
The Community Foundation of Grant County has been connecting people who care with causes that matter since 1984. In that time, our assets have grown to over $23Million and our total grantmaking has surpassed $18Million. Additionally, we’ve embarked on numerous community leadership initiatives including, Thriving Families, Thriving Grant County, the Downtown Marion Revitalization Impact Grant, and the Nonprofit Leadership Consortium, to name a few of our most recent community-building efforts.
The GIFT initiative is part of Lilly Endowment’s grantmaking to strengthen Indiana communities and has been a priority of the Endowment since the first phase of GIFT in 1990. The initiative’s primary aim is to help Indiana community foundations develop the philanthropic capacity to identify, prioritize and address local opportunities and challenges.
To encourage the engagement of the Community Foundation of Grant County’s Board of Directors, the Endowment also will award an additional $100,000 unrestricted grant if the foundation achieves 100 percent financial support from our board members during the period January 1, 2019, through June 30, 2020. With our outstanding group of Board Members, we have no doubt that we will be successful in this endeavor.
Starting in 2019, the Community Foundation of Grant County will have the opportunity to apply for more funds through GIFT VII’s community leadership grants. This component includes both planning and implementation grants, which are available to help the foundation deepen its understanding of the challenges and opportunities facing its community, convene key local stakeholders, and explore how it can effectively play a leadership role in implementing initiatives—all strategies that enhance the quality of life in Grant County.
Lilly Endowment Inc. is an Indianapolis-based private philanthropic foundation created in 1937 by three members of the Lilly family – J.K. Lilly Sr. and sons J.K. Jr. and Eli – through gifts of stock in their pharmaceutical business, Eli Lilly & Company. The Endowment exists to support causes of community development, education and religion. Lilly Endowment’s community development grantmaking is designed to support efforts that enhance the quality of life in Indianapolis and Indiana.
Dawn Brown, President/CEO
Community Foundation of Grant County
(765) 662-0065 or Dawn@GiveToGrant.org