Lilly Endowment Inc. Announces $210 Million Investment in Community Foundations
The Community Foundation of White County is pleased to announce its intent to apply for a $750,000 Matching Fund Grant through the eighth phase of Lilly Endowment Inc.’s Giving Indiana Funds for Tomorrow (GIFT VIII). This grant is one of three funding opportunities available to the community foundation through GIFT VIII for which Lilly Endowment has allocated up to $210 million to support Indiana’s community foundations in their efforts to enhance quality of life across the state.
The Community Foundation of White County will be able to use its Matching Fund Grant to further develop its unrestricted assets. At least 60 percent of the grant must be allocated to support the growth of CFWC’s unrestricted endowment, which over time will provide financial resources that enable the community foundation to respond to both present and future community needs. Lilly Endowment will provide $2 for every $1 contributed to the Community Foundation of White County’s unrestricted endowment during GIFT VIII’s matching period, October 1, 2023, through December 31, 2025.
The Community Foundation of White County also may propose designating up to 30 percent of its Matching Fund Grant to support community projects and/or programs that are addressing important local needs and up to 10 percent of its grant to invest in the foundation’s internal capacity. Lilly Endowment will provide $1 for every $1 that the Community Foundation of White County raises during the matching period that are designated for the projects, programs and/or capacity-building activities approved for these purposes.
Executive Director Lucy Dold shares, “White County is excited for the opportunity to participate in GIFT VIII! Previous GIFT programs have helped our unrestricted assets grow, allowing us to address evolving needs in White County through our grantmaking and other initiatives, such as data collection and community convening. Currently identified challenges and opportunities include those around childcare and mental health. GIFT VIII will let us dive deeper into this crucial work.”
GIFT is a series of statewide initiatives and programs that began in 1990 as part of Lilly Endowment’s efforts to help establish and strengthen community foundations in Indiana and build their capacity to address the needs of their local communities. The primary aim of GIFT is to help Indiana community foundations in all 92 of Indiana’s counties develop the philanthropic capacity to identify, prioritize and address local opportunities and challenges.
To learn more about GIFT VIII, please visit Lilly Endowment’s website.
Lilly Endowment Inc. is an Indianapolis-based, philanthropic foundation created in 1937 by J.K. Lilly Sr. and sons J.K. Jr. and Eli through gifts of stock in their pharmaceutical business, Eli Lilly and Company. While those gifts remain the financial bedrock of the Endowment, the Endowment is a separate entity from the company, with a distinct governing board, staff and location. Although the Endowment funds programs throughout the United States, especially in the field of religion, it maintains a special commitment to its hometown, Indianapolis, and home state, Indiana.
The Community Foundation of White County, an affiliate of The Community Foundation of Greater Lafayette, is celebrating its 25th anniversary this year. Founded during GIFT III in 1998, hundreds of community members have invested in this unique philanthropic tool, building our assets to over $14 Million through the creation of over 110 endowments (funds). Grants from these funds address a variety of needs throughout White County including funding programs that impact food insecurity, increase access to mental health services, provide safety equipment for our first responders, enhance our downtown spaces, support educational programs that uplift our youth, plus so much more. In our 25 years, over $5 Million in grants have been awarded to help strengthen and transform White County.
To learn more and get involved, reach out to director Lucy Dold at 574-583-6911, email@example.com, or log onto www.cfwhitecounty.org.