Eighteen local nonprofits are participating in an initiative to create or grow endowments at the Community Foundation. Each participating nonprofit that reaches its fundraising goal by June 30, 2025, will receive a dollar-for-dollar match to grow an existing endowment or establish a new endowed fund.
Click on the links below to donate to support participating nonprofits:
- BCT Management, Inc. (Buskirk Chumley Theater)
- Boys & Girls Clubs of Bloomington
- Cancer Support Community South Central Indiana (coming soon!)
- Community Kitchen
- Conservation Law Center
- Constellation Stage & Screen
- Lake Monroe Water Fund
- Meals on Wheels (coming soon!)
- Monroe County Humane Association
- Monroe County United Ministries
- Mother Hubbard’s Cupboard “The Hub”
- New Hope for Families
- Sycamore Land Trust
- United Way of South Central Indiana
- USA International Harp Competition
- WFHB Community Radio
Key Program Details
- This initiative aims to bolster local nonprofits by fostering permanent endowment funds, ensuring their vital work can thrive both now and in the future.
- Gifts eligible for matching must be received between January 1, 2024, and June 30, 2025.
What is an Endowment?
An endowment fund uses charitable gifts to build a permanent pool of funding resources intended to grow over time through investing. The earnings from this investment provide income for the nonprofit organization. Endowment funds are also called permanent funds because they are designed to grow and grant charitable dollars forever. Unlike contributions an organization receives from donors earmarked for special projects or to be spent immediately, endowment funds are designed to produce many times their original value as the years go on.
- Endowments provide a permanent source of revenue for nonprofits, ensuring sustainable funds in perpetuity.
- The principal is not spent but retained for the growth of the fund.
- Investment earnings are used for annual agency distributions that can be used immediately or reinvested into the fund for future use.
- Endowments offer stability and security, even in times of economic uncertainty, providing a solid foundation for long-term planning and growth.
- Endowments also reduce pressure on annual fundraising efforts over time, allowing organizations to focus on fulfilling their mission and serving the community.
- Endowments serve as a valuable vehicle for planned or estate gifts. Donors can leave a legacy gift to a fund that will continue on in perpetuity.
How can I donate to support one of the participating nonprofits?
- Each participating nonprofit has an online endowment giving page. Click the links above to make your gift now.
- Checks can be made to the Community Foundation of Bloomington and Monroe County. Indicate the participating nonprofit on the memo line.
- Stock gifts, marketable securities/mutual funds, and IRA-qualified charitable distribution gifts may also be utilized if made directly to the Community Foundation.
- Irrevocable planned gifts such as charitable gift annuities administered by the Community Foundation or charitable remainder trusts may also qualify.
About the Community Foundation
The Community Foundation was established to encourage and manage philanthropic support for the long-term benefit of the community and all those who call it home. Today, we have more than 270 funds – each defined by donors who provided the resources to create the funds. Distributions from these funds are returned to the community each year through charitable grants.
Some funds focus on specific nonprofit organizations, while others, such as our unrestricted and field of interest funds, are flexible and deliver powerful support that allows us to respond to our community in the most relevant and beneficial ways. The Community Foundation combines its deep understanding of the community and its pressing needs to deploy competitive grant rounds, proactive grants, education scholarships, and funding to support leadership initiatives.
Since 1990, the Community Foundation has been dedicated to uniting people and resources to create positive change in Monroe County. By connecting caring individuals, crucial causes, and community resources, we address pressing needs and seize opportunities for growth. Over the years, we’ve granted $30 million to more than 400 local nonprofit organizations, fueled by a growing $45 million endowment.