Muncie, Ind. – The generous support of the community grew the endowment of The Community Foundation of Muncie & Delaware County, Inc. by more than $2 million during the Lilly Endowment Inc GIFT VI campaign.
Lilly Endowment Inc invited The Community Foundation to apply for $1 million in matching funds. The funds were to be raised between August 1, 2014 and March 31, 2016. The 18-month window was short to raise the unrestricted dollars needed. With the charitable backing of the community, The Community Foundation not only met the match but exceeded it by more than $29,000.
Donors established 10 new funds and contributed to an existing 16 funds to take advantage of the rare opportunity to double their money. More than 240 donors took advantage of the matching funds.
The impact of the endowment growth is immediate. The Foundation’s grants committee will have an additional $80,000 in new money to distribute in the first year alone. The Community Foundation is once again amazed by the community’s willingness to take on this challenge and create permanent legacies for the Muncie and Delaware County community.