Financial Information
View our public 990 at guidestar.
Who We Are
Manages charitable endowments as primary services to ensure future community growth and prosperity
- A 501 (c) (3) Public Charity.
- Contributions are deductible, as provided by law.
- Federal Tax ID: 35-1410928
- Year Founded: 1977, Incorporated: 1978
The foundation provides permanence. You are assured that your gifts will benefit the agencies and residents of our community forever. Your gift will be safe. As a permanent endowment, the principal will never be spent so the earnings will be there permanently to support your community.
The Community Foundation provides flexibility. A range of funds exist to meet a diverse interest of charitable causes, or you may start your own fund with the help of our professional staff.
Gifts to the Community Foundation can reduce your tax burden. Income taxes are reduced through the deductions allowed by the IRS for contributions to a public charity, which is how a Community Foundation is classified. If appreciated assets are donated, in most instances you eliminate the capital gains tax you would incur if you sold the assets. And in the instance of contributing funds through your estate, estate taxes are avoided.
Accomplishments for Fiscal Year Ending December 31, 2010
- Effectively balanced budget with a continued operational campaign and significant growth to the charitable assets and funds administered by the Foundation.
- The Foundation added 16 new endowments to the number of funds administered, which grew by 41% over last year and raises our total to 55 endowments.
- The Foundation continued to leverage every grant dollar by investing in charitable projects in a proactive grantmaking approach, including several opportunities to strengthen our nonprofits and funding-partners.
- The Foundation initiated the ArtWorks Initiative with a $20,000 grant opportunity to promote the arts in Southwest Dubois County, as well as an immediate $3,000 in art-related programs.
- The Foundation assisted hundreds of donors who contributed over $180,000 directly to building new and existing endowments that will forever provide income to their favorite charities.
- Effectively balanced budget with the successful implementation of an operational campaign as an investment to build our capacity to remain a lasting component in the management and distribution of charitable investments for generations to come. Multiple-year pledges of $50,000 were made the Foundation to sustain our operations as we implement our 3yr Business Plan.
- Distributed grants and scholarships to the highest priorities of community needs in excess of $480,000. Click here to learn more about the types of awards distributed in 2009. The Community Foundation assisted over 300 donors in fulfilling their charitable wishes, including $68,000 in endowed gifts to perpetually make an impact on our community.
- The Foundation established several new endowments, including Holland Park Charitable Endowment, Henke Stadium & Field Endowment, Spirit of Southridge Scholarship Endowment, and the Hugo Steinkamp Shared Abundance Endowment.
- The Foundation initiated an agreement with Community Foundation of Jackson County to integrate a comprehensive financial and constituent data record system to accommodate fund accounting and appropriate fiscal responsibilities under Indiana law, UMIFA.
- The Community Foundation secured the 501c3 not-for-profit corporation designation for the Huntingburg Event & Community Center to operate independently of the Foundation.
- Huntingburg Event & Community Center, a $3.8 million facility, completes its first year of service to the local community and regional corporations.
- $44,000 in charitable grants awarded to over 18 nonprofit agencies and organizations in Southwest School Corporation, Holland, Huntingburg, and throughout Dubois County.
- $36,000 in scholarship awards distributed to another 25 graduating seniors, many of whom were first-generation college students.
