FCF Receives GIFT VIII Matching Fund Grant
Fayette Community Foundation has received a matching fund grant totaling $750,000 as part of the eighth phase of Lilly Endowment Inc.’s initiative, Giving Indiana Funds for Tomorrow (GIFT VIII).
FCF will use the funding to build their unrestricted endowment. Qualifying matching funds raised to support the community foundation’s unrestricted endowment will be eligible for a $2(grantor)-to-$1(grantee) match from the Endowment.
“Through the generous support of Lilly Endowment’s GIFT VIII initiative, the Fayette Community Foundation will be empowered to further our mission of inspiring philanthropy and enhancing the quality of life in Fayette County through our community grantmaking. This matching fund grant will fuel our efforts to build our unrestricted endowment, ensuring sustained impact for generations to come,” said Abigail Roszell, Executive Director of the Fayette Community Foundation.
Through GIFT VIII Lilly Endowment has awarded matching fund grants totaling $133.8 million to community foundations serving all 92 of Indiana’s counties. Eligible community foundations submitted proposals requesting grants ranging from $100,000 to $15,000,000 based on the population of the counties they serve.
In 2023, Lilly Endowment launched GIFT VIII to help community foundations strengthen the towns, cities, and counties they serve. Matching fund grants are one of several funding opportunities designed to help community foundations promote long-term viability; further strengthen their abilities to lead; encourage board engagement; and support and develop strategic efforts to enhance quality of life in their communities.
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.
About Lilly Endowment Inc.
Lilly Endowment Inc. is an Indianapolis-based private foundation created in 1937 by J.K. Lilly, Sr. and his sons Eli and J.K. Jr. through gifts of stock in their pharmaceutical business, Eli Lilly and Company. Although the gifts of stock remain a financial bedrock of the Endowment, it is a separate entity from the company, with a distinct governing board, staff and location. In keeping with the founders’ wishes, the Endowment supports the causes of community development, education, and religion. The Endowment funds significant programs throughout the United States, especially in the field of religion. However, it maintains a special commitment to its founders’ hometown, Indianapolis, and home state, Indiana.