Some of the most common questions we receive are answered below. If you don't see an answer to your question here, feel free to contact us.
What is a community foundation?
What does a community foundation do?
What "community" do you serve?
Where do you get the money to make grants?
Why be a donor?
Who governs The Community Foundation?
What do you fund?
How do I apply for a grant?
What are the financial benefits and tax advantages of gifting through The Community Foundation?
I always thought foundations were for affluent people. Why should I think about giving a small amount through The Community Foundation?
How do I set up a fund, and is there a cost?
How can I give to The Community Foundation?
What is a community foundation?
The Community Foundation of Muncie & Delaware County, Inc. is one
of approximately 700 community foundations in the United States.
Community foundations are supported by individuals, corporations, and
families that are dedicated to improving the quality of life in a
specific region. All community foundations share the common goal of
serving donors, nonprofit organizations, and the community as a whole.
We are a tax-exempt public charity that allows people to establish
permanent endowment funds within the scope of one large foundation. We
also offer an inexpensive, value-added way to establish a named family
fund. The distributions from these separate funds - and the principal
if the donor desires - are available to respond to emerging
opportunities and needs in Muncie,Delaware County or elsewhere, according to the donor's charitable wishes.
What does a community foundation do?
The primary work of a community foundation is to inspire and work with
donors to design gift plans that fit their charitable wishes and make
responsive grants to nonprofit organizations working within the
community.
The Community Foundation of Muncie & Delaware County, Inc. was
established in 1985 to encourage philanthropy and assist donors in
building an enduring source of charitable assets. The distributions
generated by the investment of these funds is used to make grants to
qualified nonprofit organizations whose programs serve the needs and
enhance the quality of life for present and future residents of Muncie
and Delaware County. Since 1985 the Foundation has granted more than
$31 million to organizations working in arts and culture, economic
development, education, community betterment and human services. To
learn more click here.
What "community" do you serve?
The Community Foundation of Muncie & Delaware County, Inc. serves all the communities located in Delaware County. Some donors, however, have interests elsewhere which they can support through their donor advised and designated funds at the Foundation.
Back to topWhere do you get the money to make grants?
Donors, which include individuals, businesses, corporations, and families support The Community Foundation of Muncie & Delaware County, Inc. Donors gifts, large and small, make the grants we award possible.
Back to topWhy be a donor?
To support your community and the things you care about. The Foundation
offers considerable expertise regarding the needs and opportunities
within Delaware County. This expertise helps people who care about the
community find the best way to direct their funds.
Our donors appreciate the speed, flexibility, and ease of using the
Foundation. Because the legal tools are already in place and existing
forms are available, a fund can be established -and all applicable tax
advantages can be obtained - in a very short time.
Who governs The Community Foundation?
The Foundation is governed by a nine-member volunteer Board of Directors.
Back to topWhat do you fund?
The Community Foundation of Muncie & Delaware County, Inc. makes grants to nonprofit organizations working in areas of economic development, education, community betterment, the arts and culture, and human services.
Back to topHow do I apply for a grant?
You can apply for a grant by clicking here, or call (765) 747-7181 for information. Grant procedures and deadlines are also found in the Grants section of this website.
Back to topWhat are the financial benefits and tax advantages of gifting through The Community Foundation?
The Foundation's approach to planned giving offers a number of
important benefits to donors. Because we manage a large number of
discretionary funds, administrative costs and custodial fees for any
one fund are minimized - meaning less overhead cost to the donor's
fund. Another important advantage is that the federal tax code provides
significant incentives for contributions to the Foundation.
The Foundation also has a number of different types of funds to
accommodate donors who prefer the long-term strategy of endowments or
those who want to give more actively each year. Donors may choose to
establish one of these funds, which allow donors to recommend grants,
or donors may choose to contribute to an existing fund that is flexible
in response to emerging needs in Delaware County.
I always thought foundations were for affluent people. Why should I think about giving a small amount through The Community Foundation?
We offer a variety of options for making donations. By combining your resources with those of others that share your interests, you can maximize the impact of a modest contribution. Gifts of any size make a difference and are always appreciated.
Back to topHow do I set up a fund, and is there a cost?
There is no fund set up fee at the Foundation; however, there is an annual fee, depending on the type of fund established. The first step is determining what you would like to accomplish. To do this, it may be helpful to learn more about some of our existing funds.
Back to topHow can I give to The Community Foundation?
Some people prefer the simplicity of cash. But there are many other
ways to give, including securities and real estate. Plus, all gifts
receive the maximum deduction allowed by law.
For more information visit the informed giving portion of the sight or simply give now.