Lilly, an Indianapolis-based Foundation will match dollar for dollar the first one million dollars. A second round of funds could potentially provide 50 percent match for every dollar raise that would account for another $1 million.
Verbatim from Community Foundation of Greater Fort Wayne
$2 Million Lilly Endowment Inc. Gift Will Support Grantmaking, Riverfront Development
Fort Wayne, Indiana (March 3, 2015) – A $2 million matching grant from Lilly Endowment Inc. will support grantmaking in Allen County and the City of Fort Wayne’s riverfront development efforts.
Under Phase VI of the Giving Indiana Funds for Tomorrow (GIFT) program, the Community Foundation of Greater Fort Wayne has received $2 million from Lilly Endowment Inc. That money will be used to match gifts of two types.
For gifts to the Community Foundation’s Community Grantmaking Fund, gifts will be matched $1-for-$1. GIFT Phase VI will provide up to $1 million in matching funds for gifts to the Community Grantmaking Fund. The Community Grantmaking Fund is used to provide grants to local charitable organizations. “If we are successful in raising these matching dollars,” said board member Tom Trent, “we will be able to increase our annual grantmaking budget and provide more financial assistance to the nonprofits that serve our community.”
In addition, GIFT Phase VI will also provide $1 million in matching funds to gifts contributed to a fund at the Community Foundation to promote riverfront development. These gifts will be matched 50%, or $1-for-$2. When the Community Foundation is successful in raising $2 million, then the Lilly Endowment match will provide an additional $1 million, providing $3 million for the City’s riverfront development efforts.
“The entire county will benefit when we reach our goal,” said board member Don Steininger. “We also want to build on the excitement generated by the release of the riverfront development study, and provide a financial boost to get those efforts off to a good start.”
The matching period for gifts made under Phase VI ends March 31, 2016 or whenever the matching limit is reached, whichever comes first.
To make a donation online, go to www.cfgfw.org and click the ‘Donate Now’ button.
Or mail a check to:
Community Foundation of Greater Fort Wayne
555 E. Wayne St.
Fort Wayne, IN 46802.
Please write “Community Grantmaking Fund” or “Riverfront Development Fund” in the memo section of your check.
