Jul/8/2022

Community Foundation Growth Leads to Expansions

Later this year, The Community Foundation will relocate to the former ISU Building in downtown Muncie located at 300 E. Jackson. The move aligns with impressive growth, thanks to the generosity of neighbors across our community.

Thanks to the generosity of neighbors across our community, The Community Foundation of Muncie and Delaware County has witnessed impressive growth. At the end of 2021, Foundation assets reached an all-time high of $88 million. These assets are here to support the community today, tomorrow, and always.

Growth in assets has led to the need for additional capacity for The Community Foundation, including increases in staff size and physical space. In June, the Board of Directors of The Community Foundation identified and purchased a property and building to serve as the organization’s new home. Later this summer, The Community Foundation will relocate its offices from the Muncie Power Products building at 201 E. Jackson to the former USI building at 300 E. Jackson.

“Keeping The Community Foundation in downtown Muncie was a priority as the search for expanded space began,” said Trent Dowling, chair of the Board of Directors of The Community. “Our new building allows us to continue contributing to the vibrancy of downtown.”

The Community Foundation offices have been in the Muncie Power Products building for 22 years. The organization has called downtown Muncie its home throughout its entire history - nearly four decades.

“We have been honored to provide a home for the Community Foundation for more than 20 years”, said Kathy White, CFO of Muncie Power Products, and former board member and current finance committee chair for the Foundation. “While we are sad to see them go, we are excited to see them continue to grow, serve and support our community.”

Since 2015, the Foundation staff has grown from five employees to eight. A ninth position will be added later this year. This growth in personnel aligns with a 50 percent increase in grantmaking and growth of assets of more than $30 million over the same period.

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The Community Foundation of Muncie and Delaware County, Inc. encourages philanthropy, assists donors in building an enduring source of charitable assets, and exercises leadership in directing resources to enhance the quality of life for residents of Muncie and Delaware County. Since 1985, community members and businesses have helped the Foundation grow our endowment to more than $80 million. Using the earnings on the endowment, the Foundation distributes grants to nonprofit organizations, including scholarships to support students through post-secondary education. To date, the Foundation has awarded more than $63 million to enhance the quality of life of the residents of Muncie and Delaware County.