GIFT VIII – Matching Fund Grants
The Fayette Community Foundation is pleased to announce its intent to apply for a $750,00 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 for which Lilly Endowment has allocated up to $210 million to support Indiana’s community foundations in their efforts to enhance quality of life across the state.
FCF will be able to use our Matching Fund Grant to further develop our unrestricted assets. At least 60 percent of the grant must be allocated to support the growth of the Fayette Community Foundation’s unrestricted endowment (sometimes called Community Impact funds), which over time will provide financial resources that enable the community foundation to respond to both present and future community needs. Lilly Endowment will provide $2 for every $1 contributed to the Fayette Community Foundation’s unrestricted endowment during GIFT VIII’s matching period, October 1, 2023, through December 31, 2025.
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.
About Lilly Endowment Inc.
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.
About Fayette Community Foundation
Fayette Community Foundation is inspiring the spirit of philanthropy in Fayette County to enhance the quality of life. Through connection and relationships, the Fayette Community Foundation brings together nonprofits and donors to improve the community.
