For the Community - $2:$1 Match
For every $1 donated to the Foundation’s Community
Impact Fund, Lilly Endowment Inc. will donate
$2 – a two for one match – tripling your charitable
investment.
CFSI has provided support for southern Indiana
nonprofit organizations for over 28 years. Founded in
1991, CFSI manages $116 million in charitable assets
and administers over 260 individual funds.
In 2018, the Foundation made more than 60 grants
to southern Indiana nonprofits from the Community
Impact Fund, addressing the needs of more than
84,000 people.
“A gift to the Community Impact Fund is the easiest
and most flexible way to provide for the most
pressing needs in the community,” said Linda Speed,
president and CEO for CFSI. “This unrestricted fund
allows us to address the ever-changing needs in our
community through grants to our region’s nonprofits.”
Annually, non-profit organizations apply through a
competitive application process to receive a share of
the approximately $300,000 awarded each year from
the Community Impact Fund.
“If we’re able to raise the $500,000 still needed to
meet the Lilly match, that would grow the Community
Impact Fund by a total of $2 million,” Speed said.
“Ultimately that would translate to an additional
$80,000 generated each year in grants to our
nonprofit community.”
Qualifying donations made to the Community Impact
Fund through December 31, 2020 will be matched
two for one until the allotted matching funds are
exhausted.
For Your Fund - $1:$2 Match
“Per the Lilly Endowment, we can set aside 2/3 of the
matching funds for our unrestricted endowment. The
rest can be used for individuals to add to their own
fund.”
Donors may add to or create a new endowment fund
for their specific charitable purpose and receive a
$1 match for every $2 contributed. Gifts that can be
matched include cash, checks, Qualified Charitable
Distributions (IRA rollover), stocks, bonds, mutual
funds, and more.
“Individuals, families, and even businesses, can use
CFSI to support their own charitable interests,” said
Speed. “At the Community Foundation you can set
up a fund to benefit your church, alma mater, or
you can even set up a family fund and get the next
generation involved in grant making.”
Community Foundation of Southern Indiana
President and CEO Linda Speed.
EXTOL : THE WEDDING ISSUE 2019
21