Summary Report

A printable "PDF" of the Foundation's Annual Report of Financial Progress, Grants, and Scholarships may be downloaded with this link:

Total Assets	$22,929,766
Contributions	$ 382,447
Major Gifts/Bequests	1,000,000
Memorials	29,010
Sponsorships	16,600
United Community Fund	16,545
Fees/Other	102,073
Investments (Net)	28,529
Total Revenue	$1,575,234
Community Benefits	$ 851,391
Management & General	340,177
Fundraising	25,581
TCF Own Endowments	282,875
Total Expenses	$1,500,024
Chief Beneficiary Organizations ALL Grants are listed in the printed Annual Report that you can view or print. Certain worthy causes particularly benefited from various TCF grants in 2011:
IU Health Tipton Hospital	$ 297,897
C.W. Mount Community Center	55,424
Boys & Girls Club	39,578
West Street Christian Church	36,391
Kemp United Methodist Church	30,570
Kelley Agricultural Historical Museum.	30,396
Tipton County Mustard Seed	26,238
Tri-Central Community Schools	17,940
Tipton County Council on Aging	16,783

Notes to Annual Report

Fee Income: 1/2 of 1% of the total value of each component fund managed by TCF is paid toward the cost of sustainability of the Foundation
The Grantmaking Committee recommends to the Board of Directors approval of proposals from community organizations for projects that seek Foundation support. Although funds are limited, groups engaged in charitable projects are invited to review the guidelines for grant proposals found at www.tiptoncf.org/grants.htm on the Foundation’s website.
The scholarship information listed in the printed report include only payments actually made from funds managed by the Foundation. Tipton and Tri-Central students (and alumni) receive hundreds of thousands in annual and financial aid dollars not reported here. For information on the TCF's role visit www.tiptoncf.org/scholarships.htm.
Component Funds are all the endowed and non-endowed funds that are established with a particular purpose, including our General Endowment and others that help underwrite the costs of doing business as a community foundation. TCF holds Agency Funds established to produce consistent support for certain incorporated non-profit organizations (including churches), Field of Interest Funds that can make grants for particular kinds of projects rather than any particular agency, and donor-advised or designated funds, set up by and usually named for their principal contributor to benefit a particular group of causes each year.
Management & General Expenses are those categories that are typical costs of any business. For TCF, they are less than 22% of total expenditures.
Fundraising Expenses are those they help underwrite the costs of telling the Foundation's story and seeking the broad public support that is necessary for fulfilling its charitable mission. Although these vary, depending on campaigns and initiatives underway in any given year, they average less than 3% of our total expenses.
Total assets include our investments in marketable securities (about $23.5 million on December 31, 2012), cash, and the value of the Foundation Office & Conference Center and the land where it is located.

Since 2004, each year's official report to the IRS, Form 990, has been posted on our website in PDF format, and may be viewed online or printed in September, after it is filed. Click the year to open the PDF File:

Summary Report

Notes to Annual Report

IRS Federal Income Tax Forms 990

Annual Reports