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This matching program has not been updated for 2009. When the Board has adopted a matching program, it will be retroactive to cover all qualifying gifts. Please don't delay!

Endowed Gifts May Double

Gifts from individuals made in 2008 to the endowments at the Tipton County Foundation, ranging from $100 to $1,000, will be matched by TCF, dollar-for-dollar.

A maximum of $50,000 has been allocated for this project.

Every gift of any size-- and especially gifts to endowment-- are important for the success of a community foundation like TCF. Donors are appreciated for contributions that are personally significant to them, whether $1 or $1 million.

This program seeks to increase earnings available to the community for fulfillment of charitable purposes by encouraging individuals to make gifts of major significance to any of the endowments (scholarship, Donor-Advised, Designated) but especially the endowments formed for nonprofit agencies, and the "field of interest funds" established by the Foundation to benefit a particular community concern.

Under the Foundation’s current structure of payouts and fees, a fund that reaches and maintains at least $25,000 will produce an “operating” amount of $1,000, net of fee, for its charitable purpose every year for all time, even if no more contributions are made.

With the new Acorn Society, a contributor can begin a fund with $725 and add $725 a year for ten years, contributing a total of less than $8,000, but creating a fund worth over $10,000 thanks to the earnings added by the Foundation. When it reaches $12,500, it produces at least $500 every year for worthy projects, forever.

How Can My Gift Be Doubled? 

Gifts from individuals made in 2008 to the endowments at the Tipton County Foundation, ranging from $100 to $1,000, will be matched by TCF, dollar-for-dollar.
This is the primary intention of the program, but there are fine points requiring some explanation. These procedures are subject to change at any time by the Foundation’s Board of Directors.

"Fine Print"

References to “individual”, “single”, or “same” donor can be interpreted to mean the combined contributions of a couple, and even others in their household (such as an aged parent or adult child). Or, each of these persons can qualify separately for the full match. Be sure that instructions and donor intent are clear when making the contributions, or correct us immediately if you receive an erroneous acknowledgement.

1. A company may qualify for the match when it makes a contribution that represents the aggregation of individual employee contributions and may include a corporate contribution. The employee contributions if given separately might each have been too low to trigger the match, but as a group, if they exceed $100, the match will be applied.
    
2. The same is true for a service club that may collect individual contributions from its members and turn them in together to qualify for the match. However, individuals who can make a qualifying gift of their own ($100 or more) should do so directly, because the maximum match available to the club as a donor is $1,000.
    
3. This sort of combination would also apply to friends or families, not necessarily an organized club, who enclose their several contributions in the same envelope in order to qualify for the match. Make sure instructions and donor intent are made clear.

Memorials and Tributes

4. When memorials are made that collectively reach at least $100, they will be matched in a single fund according to the donors’ intent, the bereaved family’s request, or the deceased person’s pre-arranged preference. If no preference was expressed, they will be added to the Foundation’s general endowment and matched. If the memorials total less than $100 and no fund designation is made, they will be added to the Foundation’s general operating fund and not be matched.

Matching a Match!

5. An individual who is employed by or retired from a company that matches charitable contributions should obtain and provide TCF with the related paperwork from its human resources department. TCF will complete and submit the request for a match. The company’s contribution and the individual’s contribution will be counted together for a TCF match between $100 and $1,000, if both contributions are received before TCF’s matching funds pool is depleted.
    
6. Multiple contributions by the same donor to the same fund can be combined to qualify for the match, as long as at least the minimum ($100) is reached before the matching pool is exhausted. An example would be a couple contributing a certain amount each month to grow their Acorn Fund. Once the $100 minimum is reached in the matching time period it would be matched and each additional contribution would be matched up to a total of $1,000 during the year.
    
7. Multiple contributions of $100 to $1,000 each by a single donor to each of several different funds will also be matched while matching funds remain available. Donors could, for example, give $750 to their own Acorn Fund and $750 to a Foundation scholarship or other endowed fund and both amounts would be fully matched, even though the total exceeds $1,000.
    
8. Alternatively, multiple contributions by a single donor totaling $100 - $1,000 but designated for different endowed funds would also be matched in the corresponding amount to each of the separate funds. Donors could, for example, give $50 to their own Acorn Fund and $50 to a Foundation scholarship or other endowed fund and both amounts would be matched, because they total at least $100.

What Funds Are Eligible?

Click the links below to find explanations for the type of fund and listings of the funds in that category. Call with questions: 765/675-8480 or email us.

• Agency Endowments for the direct benefit of a particular nonprofit organization, including...

  • Boys and Girls Club Endowment [558]

  • Mustard Seed Endowment [559]

  • Friends of St. Joseph Center [565]

  • Tipton County Shares/Jubilee Christmas [566]
     

• Field of Interest Funds
  • The Foundation also has established certain endowed “Field of Interest Funds” managed by its Board and special committees. These include the Robert & Ibby Schram Education Fund [507] for non-scholarship educational projects, the John B. Findling Legacy Fund [562] fulfilling the original Findling Trust’s support for programs that benefit needy children
  • NEW: The Women’s Fund [560] to be used to support projects identified by a forum of female donors and community leaders
  • NEW: The Arts & Culture Fund [561] to support cultural projects.
• Scholarship Funds
  • Including the renamed Fred Calhoun & Bill White Science Club Scholarship [513] for Tipton High School Students
• Donor-Advised or Donor-Designated Funds for charitable purposes intended by the original donors

The Foundation’s own general endowment fund [501] (from which its grants to community projects are made) is eligible to receive these matching contributions as well.

No contributions to non-endowed “pass-through” funds (such as the Fireworks Fund, building funds for the Historical Society Heritage Museum or Humane Society Animal Shelter) will be matched. Such funds are fully available to be spent for their charitable purpose and are not intended to last forever. The Foundation does apply earnings to these funds, but at a rate 1% less than for endowed funds. Kindly check with us if you wish to check on the eligibility of any funds-- or to start one of your own!

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Last modified: Tuesday, June 15, 2010