TERRE HAUTE — The Wabash Valley Community Foundation has announced a new pilot program to benefit eligible nonprofit organizations in Clay, Sullivan and Vigo counties.
Match Madness, an agency endowment matching program, will launch this fall to help nonprofit organizations in the Wabash Valley create financial longevity and sustainability plans, allowing them to flourish. From November 1, 2023 to March 31, 2024, up to 24 organizations will receive $1-for-$1 matches up to $5,000, to all new contributions made to a new or existing agency endowment fund with the Community Foundation.
“In creating this matching challenge, the Community Foundation has developed an exciting way to support our local nonprofit organizations,” said Jonathan Eilbracht, Community Engagement Officer for Clay County. “We chose to coincide with college basketball season to encourage individuals to support their favorite nonprofit organizations as they follow the excitement on the journey to March Madness. This match is a great way for our nonprofit community to start or grow agency endowment funds that will help their organization or agency become more sustainable.”
“The Match Madness pilot program will encourage nonprofit organizations to build lasting endowments designed to enhance their annual revenue,” added Beth Tevlin, President & CEO of the Wabash Valley Community Foundation. “Agency endowment funds invest in the mission and the future of the nonprofit organization by providing operating support each year. Annually, this fund provides an annual stream of revenue generated by the investment of the principal.”
Eligible 501(c)(3) organizations and agencies must have a physical location in Clay, Sullivan or Vigo County, and create or have an existing agency endowment fund within the Community Foundation. Additionally, the organization must have a representative attend a mandatory informational session hosted by the Community Foundation.
The dates and locations for the informational sessions are as follows:
August 22, 2023, 5:30-7:00 PM
Sullivan Civic Center
344 N. Main Street
Sullivan, IN 47882
August 23, 2023, 1:00-2:30 PM
Wabash Valley Community Foundation
200 South 8th Street
Terre Haute, IN 47807
August 23, 2023, 5:30-7:00 PM
Clay County Chamber of Commerce
535 E. National Avenue
Brazil, IN 47834
Each informational session is identical. Eligible organizations need only register for one, regardless of county. To register for a session, please visit wvcf.org/matchmadness. Up to 24 organizations and agencies will be accepted into the pilot program.
For more information, or to determine your organization’s eligibility to participate in Match Madness, visit wvcf.org/matchmadness. If you have questions regarding your organization’scurrent agency endowment fund or how to create an agency endowment fund, please contact the Community Foundation at 812-232-2234.
Wabash Valley Community Foundation, founded in 1992, is the region’s partner, resource and steward of philanthropy. As of 2023, the Community Foundation manages $85.2 million in charitable assets and administers over 730 individual funds – 76 of which are agency endowment funds – to support the donor’s unique charitable intent. The Community Foundation works with individuals to support their own charitable interests through community grant funds, donor-advised funds, scholarship funds and more. Annually, the Community Foundation awards over $2.5 million in grants and scholarships to support the Wabash Valley and has achieved status as a National Standards-certified community foundation. Please visit wvcf.org for more information.