The Board of Directors approved 2010 disbursements at $100,000. This amount is determined by the endowment's ability to produce such earnings over a twelve quarter rolling average. It does not include special grants requested by contributors throughout the year, which likely will raise the total grant awards.
The Board is attempting to balance our community's immediate needs with the commitment to prudently manage the endowments for the long-term. Special consideration was given to how such a distribution of grants might impact the endowments ability to perform in the investment markets over the coming years of potential volatility.
Given the Foundation experienced a 16.54% increase during 2009, a rebound from the 2008 losses of -4.86%, Financial Advisor, Mark Nicholson of LPL Financial, felt confident in the Board's decision. Since receiving board approval, the grants committee has already disbursed several grants and will continue to do so throughout the year. Such grants include those for designated charities as outlined by the donor's wishes and specified endowments. For discretionary grants by which the Foundation is in charge of directing grants towards areas of most need in the community, the grants committee is placing special emphasis on nonprofits and causes deeply impacted by the difficult economic climate or those prepared to build perpetual solutions for the betterment of our community.
FOLLOWING DESCRIPTION INCLUDES:
Award Amount (Approval Date) / Fund Name / Recipient / Grant Purpose
Most recent disbursement:
TOTAL GRANTS APPROVED: 55
TOTAL TO DATE (22 Jul 10): $ 88,911
27-55) $34,900 (22 Jul 10)
Scholarships
This year's scholarship awards came from 20 different funds, which provided 32 scholarships to area students.
To see the full list of scholarship funds and recipients, click here.
26) $250 (22 Jul 10)
German American Community Endowment
Southwest Dubois County School Corporation
21st Century RIDGE Program
25) $1,750 (20 Jul 10)
R.P. and Mary Olinger Endowment
Huntingburg Teen Canteen Fund
Teen Outback Youth Center
24) $2,500 (16 Jul 10)
St. Joseph's Hospital of Huntingburg, Inc. Endowment Fund
Water Rescue Project Fund
Support for organizing a Water Rescue Team with the Huntingburg Volunteer Fire Department
23) $2,600 (15 Jul 10)
Community Impact Fund
Huntingburg Foundation, Inc.
Aid for staff training
22) $400 (15 Jul 10)
Community Impact Fund
Huntingburg Foundation, Inc.
Funds to host meetings and provide materials for non-profits
21) $1,230.50 (06 Jul 10)
Emergency Assistance Grants
Shared Abundance Food Pantry
Purchase food items
20) $5,200 (06 Jul 10)
Community Impact Fund
Tri-Cap Volunteer Center
Funds for publication of the Volunteer Center Guidebook
19) $2,000 (06 Jul 10)
Community Impact Fund
Tri-Cap
Provides funds for 2nd phase of BetterTogether Initiative
18) $5,070 (22 Jun 10)
League Stadium Capital Improvement Fund
Old School Baseball League
Establishment of a new baseball league
17) $200 (10 Jun 10)
League Stadium Capital Improvement Fund
Holland Park
Designated Fund / Development
16) $400 (01 Jun 10)
Community Impact Fund
Gazebo Concert Series
Discretionary Community Fund / Arts/Culture
15) $1,230.50 (27 May 10)
Emergency Assistance Grants (EFSP)
Shared Abundence Food Pantry
Designated Fund / Human Services
14) $100 (13 Apr 10)
Community Impact Fund
American Red Cross
Discretionary Community Fund / Human Services
13) $250 (01 Apr 10)
Edward A. Fuesler Education Endowment
Huntingburg Elementary School
Donor-Advised Fund / Education *Provides teachers with funds to purchase school supplies
12) $230 (18 Mar 10)
Eunice D. Tormohlen Endowment
Salem United Church of Christ Senior Choir
Designated Fund / Human Services
11) $10,000 (18 Mar 10)
Huntingburg Public Library Endowment
Huntingburg Public Library
Designated Fund / Education *Underwrites Children's Programs
10) $1,400 (18 Mar 10)
Salem Church Ley Permanent Endowment
Salem United Church of Christ
Designated Fund / Unrestricted Church Use
9) $150 (18 Mar 10)
Angel Mission Fund
Big Brothers Big Sisters
Donor-Advised Fund / Youth Development
8) $6,500 (18 Mar 10)
Old Town Hall Endowment
Huntingburg Old Town Hall
Designated Fund / Arts/Culture
7) $5,000 (16 Mar 10)
Operating Fund
Huntingburg Event & Community Center, Incorporated
*Grant provided by Mr. Joe Mundy's generous gift
6) $380 (16 Mar 10)
A Kid's Place Endowment
A Kid's Place Community Daycare
Designated Fund / Youth Development
5) $300 (10 Mar 10)Community Impact Fund
Indiana Grantmakers Alliance
GIFT Program membership
4) $175 (04 Mar 10)
Operating Fund
Shared Abundance Food Pantry
Purchase food items / *Grant provided by Trivia Night winners
3) $500 (02 Mar 10)
Timberland Management Fund
Holland Elementary School
Arbor Day Celebration / Recycling Program
Community Impact Fund
Huntingburg Old Town Hall
Equipment for Volunteer Services
*Grant provided by Mr. & Mrs. Mike Bohnert's generous gift
1) $5,000 (05 Jan 10)
Community Impact Fund
Huntingburg Event & Community Center, Incorporated (HECC Inc.)
Establishment of Organizational Cash Reserves
