02 Feb Sound Investments, Serious Impact
Every day at the Community Foundation of Grant County, individuals and families create lasting impact for the betterment of our community by ensuring their generosity will benefit generations to come through endowment.
The cornerstone of this endeavor is a sound investment and spending policy that centers around sustainability. Throughout calendar year 2021, the Community Foundation saw an astounding investment return of 12.3%. Coupled with the generosity of our donors, that resulted in a total market value of $34.2 million in assets as of December 31, 2021.
“To be sure, the dollar figures are impressive. But even that pales in comparison to the serious impact those dollars mean to the community,” Community Foundation Chief Financial Officer, Sherri Rush, said. “Every charitable organization with an endowment at the Community Foundation benefits from the sound guidance of the Foundation’s finance and investment committee, leading to more dollars for organizations serving Grant County.”
For a charitable organization, an endowment at the Community Foundation is like having their own private granting fund, and the larger the fund, the larger the grant received every year. Since 1984, local charitable organizations have benefited from the hard work of building these endowments, resulting in nearly $14.5 million distributed by their endowments over the past 37 years to support their program and operating costs.
Designated funds make up 175 of more than 400 charitable funds held at the Community Foundation. Last week, the Community Foundation sent out $484,742 in designated checks to support these organizations. In addition, these organizations benefit from a one-stop shop including fund management, administration, development and gift facilitation, planned giving options, online giving convenience, toolkits, and capacity-building opportunities.
“Perhaps the greatest impact comes from knowing that dollars given to an endowment today are gifts that will give back, supporting the programs and mission tomorrow, far exceeding the value of the original gift,” Development Manager at the Community Foundation, Shelly Jones, said. “A gift of $50 today will feed a family for one day. But when you give $50 to an endowment at the Community Foundation, it will be combined with donations from other generous people, then the gift is grown by being invested in the endowment pool and could feed that same family for years.”
Designated funds are established by donors and charitable organizations to support their missions. The distributions continue in perpetuity, as long as the named organization remains in existence, continues to fulfill the intended purpose, and is in good standing with the IRS. Donations are placed in an endowment specifically for these organizations. The Community Foundation’s investment strategy provides endowment funds stability when the stock market is volatile and growth when the market is strong. The earnings from those investments provides reliable assistance each year to the organizations.
The Community Foundation of Grant County, Indiana, Inc. is an advocate for local philanthropy and is dedicated to connecting people who care with causes that matter. An effective steward of the community’s charitable resources since 1984, the Foundation works with donors to establish charitable funds and supports non-profit organizations through a variety of grant-making efforts. The Community Foundation connects people, resources, and causes to promote sustainable impact towards the betterment of Grant County. Currently the Community Foundation holds over 400 different funds that benefit worthy charities and charitable causes in Grant County. For more information, please visit www.GiveToGrant.org or call 765-662-0065.