GIFT VII

What is GIFT VII?

GIFT VII is a Lilly Endowment Inc. grant initiative offered to community foundations throughout the state of Indiana.  Rush County has received $500,000 to build unrestricted endowment funds (aka “community grant funds”), providing our donors the limited-time opportunity to have their donations matched $2 : $1.  Additionally, RCCF has received $50,000 in community leadership planning funds, with the opportunity to apply for $100,000 in spring of 2020 and up to $5 million for Rush County in 2022!  GIFT VII is truly a gift to our community.

 

How can I maximize my contributions?

Until December 31, 2020, or until available matching funds are depleted, your gift to any of the RCCF’s community grant funds will be matched $2 for $1!   For example, a single donation of $10 becomes $30 for the community.  A weekly donation of $5 becomes $780 by the end of the year.

 

The match period also provides our donors with an exceptional time to establish a new fund.  A community grant fund must reach $10,000 to disburse grants, and because of the match, your gift of $3,334 provides you with a permanently endowed fund at 1/3 of the investment!  It is an amazing time to preserve a legacy, honor a name, or give a charitable gift.

 

What do community grant funds do?

Our community grant funds are tremendous endowment funds that support the changing needs of the community at the RCCF’s Board of Directors discretion.  Since our first community grant in 1993, $1.3 million has been awarded to 116 different organizations serving Rush County.  Learn more here.

 

Explain “community leadership”

Lilly Endowment Inc. is encouraging community foundations to take a leadership role in their communities by investing time and resources in convening, researching, and understanding their communities better.  Understanding our community in its entirety allows equips us with the knowledge make the best decisions when granting our donors’ dollars.  As a recognized community convener, we can assist facilitation of meetings, coordination of efforts, and ideally, combine duplicate efforts to ensure Rush County’s tremendous, volunteer-lead agencies are maximizing their time and energy.

 

RCCF has already received $50,000 to begin community leadership planning work.  Throughout the Fall of 2019 we’ll be reaching out to all of the communities in Rush County as we venture out for a “road show”.  We will be making scheduled stops throughout Rush County to connect with as many residents, businesses, and nonprofit organizations as possible to receive input on Rush County’s greatest strengths, weaknesses, and opportunities.  If you hope to have your voice heard, this is the perfect way to get involved!  All information gathered from the various conversations held will be compiled and assist us with our grant application for $100,000 to implement an idea(s) that best impacts Rush County.  The grant application will be submitted in Spring 2020, with hopes of receiving funding later in the year.

 

If our grant request for $100,000 is a success, we will implement an idea(s) before the end of 2021.  We will then consider how we can best apply for the $5 million grant opportunity.

 

Questions?

Contact us!  GIFT VII is an exciting initiative that has the potential to transform our community foundation and shape the future of Rush County.  We would love your questions, engagement, and feedback as we navigate the fun ahead.