Foundation announces matching gift initiative here

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The Community Foundation of Switzerland County, Inc. is pleased to announce an opportunity for current and potential donors to participate in a matching gift initiative that will help build endowment assets and increase grantmaking capabilities in Switzerland County.

Donations to the Foundation’s unrestricted community funds will be matched $1 for $1. Donations to all of the other types of endowments (designated, donor-advised, field-of-interest and scholarship) will be matched $1 for every $2 donated.

The funding for the match is being offered through Lilly Endowment Inc.’s Giving Indiana Funds for Tomorrow (GIFT) initiative. The Endowment designed the match incentive to be more favorable to unrestricted funds so community foundations could respond to critical needs as they evolve in their counties, as well as improve the quality of life of its citizens.

The Community Foundation of Switzerland County has used unrestricted money for such things as the competitive grant cycles it offers to nonprofits; Dolly Parton’s Imagination Library in Switzerland County; programming through the National Center for College Costs to encourage our youth to further their educations; and many other initiatives. To date, the Foundation has awarded approximately $550,000 out of its unrestricted funds. In total, approximately $3.5 million has been awarded from all of the different types of funds.

“This is very exciting news for our community,” said Pam Acton, executive director of the Community Foundation of Switzerland County. “It provides the Foundation with a great opportunity to increase our funds available for grants and support more programs in the community.”

Lilly Endowment Inc. launched the GIFT initiative in 1990 to help local Indiana communities develop the philanthropic capacity to address their own needs and challenges. The growth and impact of the state’s community foundations since then has been astonishing.

The number of community foundations in Indiana has grown from about a dozen in 1990 to 94 today. At the same time, assets have increased from about $30 million to nearly $2 billion, and those foundations have paid grants totaling more than $915 million.

Anyone interested in learning more about this matching opportunity may contact Pam Acton or Melissa Andrew at the Community Foundation’s office. It is located at 303 Ferry Street in Vevay and can be reached at (812) 427-9160 or info@cfsci.org.