Giving
The affiliates of the Western Indiana Community Foundation (Attica, Covington, Southeast Fountain, and Vermillion County Community Foundation) have endowment funds open to receive gifts. An Endowment Fund is a fund in which monetary gifts are placed and invested. The amounts contributed as donations are pooled together and endowed meaning the donations are locked in and never spent. The earnings on the donations (endowed funds) are what are issued as grants.
Any individual can create a named fund with the Foundation. Payouts and scholarships begin when the fund has reached a pre-determined level for a full calendar year.
The choice of fund type lies entirely with the donor. The four key choices are:
Choice 1. The charitable purpose such as:
- Citizenship
- Cemeteries
- Human Services
- The Environment
- Parks and Recreation
- Economic Development
- Education and Scholarships
- Churches and other Religious Purposes
- Arts, Culture and Historic Preservation
Choice 2. The designation of the geographic area to benefit from and hold a gift:
- Attica Community Foundation
- Covington Community Foundation
- Southeast Fountain Community Foundation
- Vermillion County Community Foundation
Choice 3. The type of Charitable Fund the donor wishes to establish:
- Endowed (Permanent) Fund (a fund in which the principal is preserved and invested). A portion of the earnings is utilized annually to provide grants or scholarships according to the wishes of the founding contributor(s).
- Non-Endowed (Pass-Through) Fund (a fund in which all monies donated are intended to be spent in their entirety)
Families, individuals, business, and nonprofit groups can establish from a wide-variety of charitable funds within the Foundation. Some of these include:
Choice 4. The manner in which the donor will make a gift to the fund. A gift may be "Current" or "Deferred." Current gifts may include:
Deferred gifts may include:
Fountain County lies in the western part of the U.S. state of Indiana on the east side of the Wabash River. The county was officially established in 1826 and was the 53rd in Indiana. The county seat is Covington.
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
A foundation is a type of nonprofit organization or charitable trust that usually provides funding and support to other charitable organizations through grants, while also potentially participating directly in charitable activities. Foundations encompass public charitable foundations, like community foundations, and private foundations, which are often endowed by an individual or family. Nevertheless, the term "foundation" might also be adopted by organizations not primarily engaged in public grantmaking.
Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather money for non-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises.
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.
Lilly Endowment Inc., headquartered in Indianapolis, Indiana, is one of the world's largest private philanthropic foundations and among the largest endowments in the United States. It was founded in 1937 by Josiah K. Lilly Sr. and his sons, Eli Jr. and Josiah Jr. (Joe), with an initial gift of Eli Lilly and Company stock valued at $280,000 USD. As of 2020, its total assets were worth $21 billion.
In the United States, a donor-advised fund is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities.
Baton Rouge Area Foundation is a community foundation dedicated to enhancing the quality of life in Louisiana's capital region, and is registered with the IRS as a 501(c)(3) tax-deductible nonprofit organization. Since inception, the Foundation has granted over $650 million.
Community foundations (CFs) are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place. Community foundations are a global phenomenon with 1700 existing around the world, of which over 700 are in the United States. Private foundations are typically endowed by an individual or a single family.
Richmond Jewish Foundation is a charitable foundation based in Richmond, Virginia, USA. It is a non-profit organization.
A foundation in the United States is a type of charitable organization. However, the Internal Revenue Code distinguishes between private foundations and public charities. Private foundations have more restrictions and fewer tax benefits than public charities like community foundations.
Berks County Community Foundation is a public benefit organization located in Reading, Pennsylvania. The Foundation's mission is to promote philanthropy and improve the quality of life for the residents of Berks County, Pennsylvania.
The Fremont Area Community Foundation is a philanthropic organization in Fremont, Michigan. Founded in 1972 to serve the people of Newaygo County, it is one of the largest community foundations in the United States on a per capita basis, serving a population of 50,000 with net assets of approximately $218 million. It comprises more than 400 separate funds, and has two supporting organizations and three geographic affiliates.
The Illinois Prairie Community Foundation (IPCF) is a community foundation that helps connect donors with those causes they wish to benefit. It serves McLean, Livingston, DeWitt, Logan and adjacent areas of Tazewell, Woodford, LaSalle, Ford and Piatt counties. The IPCF is in full compliance with the national standards developed by the Council on Foundations. It facilitates charitable giving for individuals and businesses, helps organizations with their endowment funds, and serves as a fiscal agent for charitable community projects. A donor-advised fund at the Community Foundation is an economical and simplified version of a private foundation.
The Community Foundation of the Eastern Shore (CFES) was established in 1984, and is located in Salisbury, Maryland. Its mission is to "To strengthen our community by connecting people who care with causes that matter to improve quality of life in our region" and its vision is for "...a community where all can live, learn, work, create and prosper". It serves the three lower counties of the Eastern Shore of Maryland: Somerset, Wicomico, and Worcester.
UK Community Foundations (UKCF) is a registered charity that leads a movement of community foundations committed to positive social change in the UK through the development of “community philanthropy”. Community philanthropy involves people from all parts of a community working together locally to use the financial and other resources available to them to improve others’ lives.
In philanthropy, donor intent is the purpose, sometimes publicly expressed, for which a philanthropist intends a charitable gift or bequest. Donor intent is most often expressed in gift restrictions, terms, or agreements between a donor and donee, but it may also be expressed separately in the words, actions, beliefs, and giving practices of a philanthropist. Donor intent is protected in American law regarding charitable trusts, and trustees' primary fiduciary obligation is to carry out a donor's wishes.
The Community Foundation of Northern Colorado is an independent philanthropic organization that serves the Northern Colorado community including Berthoud, Estes Park, Fort Collins, and Loveland.
National Christian Foundation (NCF) is a US non-profit organization that assists donors in donating to charitable causes. NCF accepts non-cash assets and is the nation's largest provider of donor-advised funds focused primarily on Christian donors. Since 1982, NCF has granted over $14.5 billion to causes and charities.
The Foundation for the Carolinas is a donor-advised charity with a non-exclusive focus on North Carolina and South Carolina.
