18 Monroe County Nonprofits Embark on Endowment Growth Journey with Community Foundation Matching Campaign

BLOOMINGTON, Ind. — February 23, 2024

In a collaborative effort to fortify the long-term sustainability of local nonprofits, the Community Foundation of Bloomington and Monroe County (CFBMC) has announced a matching fundraising campaign involving 18 prominent Monroe County nonprofits, according to a press release. The campaign aims to nurture or establish endowments, providing a robust financial foundation for these organizations.

Participating nonprofits stand to benefit from a dollar-for-dollar match for their endowments if they successfully reach their fundraising goals by June 30, 2025. The diverse group of organizations involved encompasses various sectors, including arts and culture, social services, and community development.

The 18 nonprofits engaging in this initiative are Beacon, BCT Management, Inc. (Buskirk Chumley Theater), Boys & Girls Clubs of Bloomington, Cancer Support Community South Central Indiana, Community Kitchen, Conservation Law Center, Constellation Stage & Screen, Lake Monroe Water Fund, Meals on Wheels, Monroe County Humane Association, Monroe County United Ministries, Mother Hubbard’s Cupboard “The Hub,” New Hope for Families, Sycamore Land Trust, United Way of South Central Indiana, USA International Harp Competition, WFHB Community Radio, and WonderLab.

Donors interested in supporting these nonprofits can contribute through various means, including cash, securities, or planned estate gifts. To make a donation and aid the organizations in meeting their fundraising goals, individuals can visit www.cfbmc.org/agency-match.

Apart from the matching endowment funds, each participating agency will receive a $10,000 capacity-building operational grant. This additional grant is intended to address immediate needs or bolster staff efforts in fundraising for their respective endowments.

Tina Peterson, President and CEO of CFBMC, expressed enthusiasm about the initiative’s potential impact, anticipating over $1.16 million for the participating nonprofits by the campaign’s conclusion in July 2025. Peterson emphasized the Foundation’s commitment to fostering a vibrant Monroe County, ensuring that every individual has the opportunity to thrive now and in the future.

The matching fundraising opportunity was initiated in December 2023, with 31 nonprofit organizations submitting applications to participate. Out of the pool of applicants, 18 were selected for this unique opportunity.

“We would have preferred to accept all 31 nonprofits that applied into this matching campaign,” stated Peterson, acknowledging the challenging selection process. The Foundation acknowledged the crucial role played by donor-advised fundholders who generously co-funded the capacity-building grants, enabling the inclusion of 18 organizations.

Endowment funds, often referred to as permanent funds, empower nonprofit organizations to sustain a lasting impact in the community. The funds grow over time through investment, with the principal retained while investment earnings support annual agency distributions.

For more information about the campaign and how endowments work, interested individuals can visit https://cfbmc.org/powerful-giving/for-our-agencies/.

The Community Foundation of Bloomington and Monroe County, established in 1990, manages philanthropic support for the community’s long-term benefit. With over 270 funds, the Foundation grants millions to local nonprofit organizations annually, focusing on specific causes, scholarships, and community leadership initiatives.

For inquiries about the campaign, individuals can contact Program Director Marcus Whited at [email protected] or Development Director and COO Meagan Niese at [email protected].

About Community Foundation of Bloomington and Monroe County: Founded by individuals, families, and businesses passionate about Monroe County’s future, the CFBMC has granted $30 million to over 400 local nonprofit organizations since its establishment in 1990. The Foundation continues to make a meaningful impact by connecting caring individuals, important causes, and community resources, with a growing $45 million endowment.

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