Lilly Endowment invites applications for GIFT VIII Matching Fund Grants
The Lilly Endowment invites applications for matching grants through the newest round of Giving Indiana Funds for Tomorrow (GIFT) community foundation initiative, Phase VIII (GIFT VIII).
The endowment has allocated up to $210 million for this multiyear initiative, which aims to support Indiana’s community foundations in their efforts to: 1) grow their financial resources to promote long-term viability and sustainability; 2) further strengthen their leadership capabilities; and 3) develop and implement strategic programs, projects, and initiatives that enhance their communities’ quality of life.
The endowment has allocated up to $135.3 million for GIFT VIII Matching Fund Grants to enable community foundations to develop unrestricted assets, implement projects and programs that address community needs, and build their internal capacity. Eligible community foundations may submit proposals requesting grants ranging from $750,000 to $15,000,000, based on the population of the counties they serve.
The endowment has allocated up to $135.3 million for GIFT VIII Matching Fund Grants to enable community foundations to develop unrestricted assets, implement projects and programs that address community needs, and build their internal capacity. Eligible community foundations may submit proposals requesting grants ranging from $750,000 to $15,000,000, based on the population of the counties they serve.
The strategic focus of this component of GIFT VIII is to support the continued growth of unrestricted endowment assets, which can be strategically and flexibly deployed by community foundations. Accordingly, GIFT VIII includes the following three Matching Fund Grant options:
Unrestricted Endowment Building (UEB): Each community foundation must allocate between 60 percent and 100 percent of its grant for the UEB option. Any funds not used for the UEB option may be used for the Community Project and/or Program (CPP) and/or the Internal Capacity Building (ICB) options described below. Matching funds raised for the UEB option must be invested, along with the corresponding Matching Fund Grant, in the community foundation’s unrestricted endowment fund. To incentivize unrestricted endowment building, amounts raised under this option will be subject to a $2 (grantor)-for-$1 (grantee) matching condition.
Community Project and/or Program (CPP): A community foundation may choose to allocate no more than 30 percent of its eligible Matching Fund Grant for the CPP option. Matching funds raised through this option may be used to support a variety of local projects and/or programs, including those initiated during GIFT VII, that address community challenges and opportunities. To qualify for a Matching Fund Grant under this option, the community foundation must raise matching funds designated for these projects and/or programs. Both the Matching Fund Grant and matching funds raised from other sources must be used for the same projects and/or programs. Funds raised under this option are subject to a $1 (grantor)-for-$1 (grantee) matching condition.
Internal Capacity Building (ICB): A community foundation may choose to allocate no more than 10 percent of its eligible Matching Fund Grant for the ICB option. Matching funds raised through this option may be used to purchase new technology equipment, create marketing and fundraising materials, partner with other community foundations to develop shared back-office services, conduct strategic planning, engage consultants, and hire staff, among other uses. To qualify for a Matching Fund Grant under this option, the community foundation must raise matching funds designated for these capacity-building activities. Both the Matching Fund Grant and matching funds raised from other sources must be used for the same activities. Funds raised under this option are subject to a $1 (grantor)-for-$1 (grantee) matching condition
For complete program guidelines and application instructions, see the Lilly Endowment website.
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