CFSI Receives Grant and Other News
CFSI RECEIVES $240,000 GRANT
FROM LILLY ENDOWMENT INC.
To Support Virtual “One Stop Shop” for Residents Needing Services and Resources
The Community Foundation of Southern Indiana announced that it has received a $240,000 grant as part of the seventh phase of Lilly Endowment Inc.’s Giving Indiana Funds for Tomorrow (GIFT VII) initiative.
The Community Foundation will use the grant funds to support the implementation and coordination of the United Community virtual referral platform in Clark and Floyd counties. United Community is a single point of entry system allowing individuals to be referred to all appropriate services they may need – whether for health, education or social services needs – from a single point of entry via this cloud-based and confidential referral system. For instance, if someone comes into the food pantry for food insecurity reasons, but they also need assistance with utilities or housing or medical care, now they don’t have to go from place to place, dealing with transportation issues, hours of operation, or whether or not they are eligible for services. United Community enables seamless referrals between agencies to meet people’s unique needs and provides essential tracking of outcomes to ensure that an individual’s needs have been met, something that referral agencies have not had the ability to do before, once an individual leaves their agency for another resource.
United Community is available to Clark and Floyd county nonprofits thanks to a partnership between Metro United Way and the Community Foundation of Southern Indiana. The digital platform has been enabled in Jefferson County, Kentucky and Clark and Floyd Counties in Indiana, and enables seamless referrals between agencies to meet a variety of essential needs.
To read the full announcement and to learn more about United Community and how it’s helping our region, please visit www.cfsouthernindiana.com.
GIVE FOR GOOD
A Huge Success for Southern Indiana!
Give For Good Louisville – the biggest day of giving in our region – was once again a huge success for Southern Indiana organizations!
This year, 35 nonprofits from Clark and Floyd counties raised over $481,000 with the help of over 1,500 donors!
This type of generosity and impact is why the Community Foundation of Southern Indiana continues to sponsor this event with a $20,000 proportional match for Clark and Floyd county organizations. This annual fund raising event hosted by the Community Foundation of Louisville brings Kentuckiana together
through donations big and small, so that we can support our local nonprofits and in turn have a greater impact on the communities around us. In all, Give For Good raised over $7.7 million for organizations throughout Kentuckiana.
Thank you to everyone who participated and supported our Southern Indiana nonprofit partners! Your generosity inspires us!
YEAR END GIVING
Your Timing Must Be Right – We Can Help
If you’re planning on making a gift at year end there are some important things you need to know. Outlined below are a few basics to keep in mind.
- CFSI has a matching opportunity. Any gift made to our unrestricted Community Impact Fund this year end will be matched $2 for every $1 donated, while matching funds last.
- Keep an eye on timing. Checks must be hand delivered or postmarked on or before December 31. Credit card gifts must be posted to your account and received by CFSI by December 31, so we recommend making gifts by credit card several days before year end.
- Transferring Stock is a great way to give, but you should start this process a little earlier. Depending on the stock it may take some time to complete the gift and CFSI recommends starting this process no later than December 1st. If you want to transfer mutual funds, be sure to talk to your fund administrator on year end timing as these funds can take even longer.
- Make a Qualified Charitable Distribution (“QCD”) from your IRA. This very popular giving technique allows IRA owners age 70½ or older to make a tax-free contribution of up to $100,000 directly to a qualified charity from their IRA. Qualified charitable distributions are excluded from your taxable income and can count towards your required minimum distribution. Your QCD gift can go into any fund at CFSI except donor advised funds. Please note that IRA owners who turn 70½ in 2020, however, don’t have to begin taking required minimum distributions until after they reach age 72, and under the CARES Act required minimum distributions are suspended for 2020. As with any year end donation, be sure that you check with your plan administrator on timing of a QCD to ensure a 2020 gift. Call Kenton at 812-948-4662 for help setting up your QCD gift.
Click below to learn more about timing giving techniques.