Community Foundation Alliance Releases Annual Report
The Community Foundation Alliance released its FY22 Annual Report highlighting donors, grantmaking, and accomplishments throughout the nine-county affiliates this past fiscal year. Affiliate community foundations are located in Daviess, Gibson, Knox, Perry, Pike, Posey, Spencer, Vanderburgh, and Warrick counties.
“Through the generosity of our donors and important community partners the Community Foundation Alliance has been able to continue to grow and positively impact more residents than ever before within our local communities,” said Jill Carpenter, President and CEO. “In FY22, donors contributed $4.6 million in gifts. While the economic landscape has provided challenges, donors have supported the needs of their communities and attributed to the success of our grantmaking.”
The Community Foundation Alliance awarded more than $6.1 million in grants and scholarships to nonprofit organizations and students throughout our footprint and recommended an additional $1.7 million in scholarships for the Lilly Endowment Community Scholarship Program.
With more than $127.4 million in assets, the strategic investment strategy is structured to maintain and grow principal, thereby increasing the amount that is available to grant over the long term. Due to strong investment performance in the prior four years, the organization has maintained positive rolling returns over the past three and five-year periods.
Learn more about the work of your local Community Foundation through our FY22 Annual Report at https://www.communityfoundationalliance.org/annual-report.
About the Community Foundation Alliance
The Community Foundation Alliance is comprised of affiliate Community Foundations serving nine counties throughout southwestern Indiana. Through the establishment of endowed funds created by caring donors to benefit community causes, Alliance affiliates work to improve the quality of life in their counties by distributing a portion of funds’ earnings to local non-profit organizations, in the form of annual scholarships and grants. The Alliance holds more than 1,200 named funds established by individuals, families, businesses, civic groups, and agencies to improve the quality of life in their local communities, with charitable assets of more than $127.4 million. During the last fiscal year, grants and scholarships were awarded from all Alliance funds to benefit the programs, projects, and people in the nine affiliate counties totaling over $6.1 million.