The Community Foundation of Morgan County (CFMC) is pleased to announce its intent to apply for a $1,500,000 Matching Fund Grant through the eighth phase of Lilly Endowment Inc.’s Giving Indiana Funds for Tomorrow (GIFT VIII). This grant is one of three funding opportunities available to the community foundation through GIFT VIII. Lilly Endowment Inc. has allocated up to $210 million to support Indiana’s community foundations in their efforts to enhance quality of life across the state.
CFMC can use its Matching Fund Grant to develop its unrestricted assets further. 100% of the grant will be allocated to support the growth of CFMC’s unrestricted endowment, which, over time, will provide financial resources that enable the community foundation to respond to both present and future community needs. Lilly Endowment Inc. will provide $2 for every $1 contributed to the CFMC’s unrestricted endowment during GIFT VIII’s matching period, October 1, 2023, through December 31, 2025.
This opportunity allows CFMC to support quality-of-life initiatives and nonprofits with capacity training and grants. While CFMC prioritizes funds to impact K-12 mental health and K-12 workforce development through Impact Grants, these funds can also support public efforts to encourage community for current and future residents. We are grateful to Lilly Endowment Inc. for supporting our mission and vision.
GIFT is a series of statewide initiatives and programs that began in 1990 as part of Lilly Endowment’s efforts to help establish and strengthen community foundations in Indiana and build their capacity to address the needs of their local communities. The primary aim of GIFT is to help Indiana community foundations in all 92 of Indiana’s counties develop the philanthropic capacity to identify, prioritize, and address local opportunities and challenges.
To learn more about GIFT VIII, please visit Lilly Endowment’s website.
Lilly Endowment Inc. is an Indianapolis-based philanthropic foundation created in 1937 by J.K. Lilly Sr. and sons J.K. Jr. and Eli through gifts of stock in their pharmaceutical business, Eli Lilly and Company. While those gifts remain the financial bedrock of the Endowment, the Endowment is a separate entity from the company, with a distinct governing board, staff, and location. Although the Endowment funds programs throughout the United States, especially in the field of religion, it maintains a special commitment to its hometown, Indianapolis, and home state, Indiana.