2024 Annual Report
Make a difference. Make it here.
The Power of Philanthropy
Our Mission
Uniting people, organizations, and philanthropy to create a thriving community for all.
Our History
Founded in 1991 by a group of caring and passionate Boone County residents, an initial amount of $15,000, and funds from Lilly Endowment Inc. with the goal of building resources that would benefit nonprofits and residents of Boone County forever. Today, CFBC holds nearly $38 million in assets and has granted more than $31 million to nonprofit organizations and programs working to solve critical challenges in Boone County.
Our Values
Empower & Engage
We engage the community and educate citizens on how they can make a difference here at home.
Strategic & Ethical Stewardship
We invest in the people, programs, and organizations that transform lives and communities.
Collaborative Leadership
We lead a vision for collaborative solutions to address the root causes of challenges facing our community in diverse and equitable ways.
Grantmaking and giving in 2024
2024 was an impactful year for us. Thanks to the generosity of our donors and partners, our net assets exceeded $37 million for the first time in our 34-year history, and we received more than $2.2 M in philanthropic contributions.
Meet Our Team
Our staff and board members are dedicated to fostering positive change and community growth. Their commitment and passion are instrumental in driving impactful initiatives and making meaningful contributions to our community.
Community Leadership
We have a strong group of community partners and volunteers who support our Staff and Board to make everything we do possible. Looking ahead, we are excited about the path in front of us!
We thank our community partners, volunteers & advisory groups for their partnership And support.
KIM NEWNAM | EXECUTIVE DIRECTOR, WITHAM FAMILY YMCA
CFBC’s grant to Witham Family YMCA made a signifi cant impact on the lives of children in underserved areas, offering them important skills that will last a lifetime. Thanks to the grant, the YMCA was able to offer free swim lessons and water safety programs to children from Firefly Children & Family Alliance, the Lebanon Boys & Girls Club, and Mental Health America of Boone County. This collaboration between local organizations has not only provided access to vital aquatics education, but has also helped foster relationships between nonprofits that hadn’t worked together before.
“This CFBC grant is truly life saving. It gave us the opportunity to reach out to underserved families and offer them skills that can make a huge difference in their children’s safety.”
In total, 113 children received four swim lessons, and 50 participated in the Safety Around the Water program, learning how to stay safe in and around water.
THink Tanks
CFBC launched a series of Think Tanks in 2024 to dive into the underlying causes of issues affecting our community. By fostering collaborative discussions and innovative solutions, we cultivated a more sustainable and impactful approach to addressing and resolving local challenges. We had seven Think Tank sessions, with 70 attendees representing 63 organizations.
Through the Think Tanks, CFBC identified the top challenges our community faces. Boone County is experiencing rapid growth, leading to increased language barriers and a lack of translation services across local institutions such as schools, hospitals, and nonprofits. Other pressing community needs identified in the Think Tanks include a lack of public transportation, affordable housing, quality childcare, and storage space for nonprofits. Underemployment was identified as a larger issue than unemployment.
Boone County Nonprofit network
Boone County Nonprofit Network offers opportunities to connect and collaborate with nonprofit peers serving Boone County.
In 2024, the Boone County Nonprofit Network was joined by 290 attendees, who came together to learn, collaborate, and network together on the topics of Connect Boone County, Grantwriting, Fundraising & Fundraisers, and Human Resources.
2024 By the numbers
Women Of Impact
Women coming together to
make a local difference.
Women of Impact Boone County is a philanthropic women’s group designed to provide financial support for local nonprofit organizations, while creating a sense of community. Each member donates annually— the amount based on the membership type—to support the four nonprofits selected by the members throughout the year.
Joining Women of Impact is a commitment to bettering our community, together. Each member’s donation is not just money—it’s creating ripple effects in our community.
Since our inception in 2017, our group has collectively granted a total of $361,890 to Boone County-serving nonprofits!
Many thanks to our 2024 Sponsors AND Women of Impact Steering Committee Members:
Angie Caldwell
Robbin Edwards
Phyllis Ferrell
Paula Hudson
Katie Reasoner
Heather Schaller
Jennifer Scott
Meet Our Funds &
See The Impact
Explore our funds by fund type and see the breakdown of how the nearly $1.3 million was awarded to the community in 2024.
We provide a diverse range of funds tailored to meet the unique philanthropic goals of our donors. From unrestricted community impact funds supporting broad community initiatives, to donor advised funds empowering individuals to direct their giving, we offer opportunities for impactful and sustainable giving.
The impact of the $1.3 million is awarded through Operational Funds, Community Impact Funds, Field of Interest Funds, Agency Funds, Donor Advised Funds, Designated Funds, and Scholarship Funds.
Agency Funds | $16,670
ENSURES LONG-TERM SUSTAINABILITY OF NONPROFIT ORGANIZATIONS.
• AgrIInstitute Endowment Fund
• Arc of Greater Boone County Endowment
• Avelena Fund for Boone County Senior Services, Inc.
• Boone County 4-H Club, Inc.
• Boone County Cancer Society Endowment
• Boone County Leadership
• Boone County Mentoring Partnership Endowment
• Bree Wilson Memorial Endowment Fund
• Center Stage Community Theatre Endowment
• Crossroads of America Council, Boy Scouts of America
• Down Syndrome Indiana, Inc. Fund
• GLR Trust for Rainbow Valley Children’s Home
• Humane Society for Boone County Endowment
• Lebanon Boys & Girls Club Endowment
• Lebanon Community of Shalom Endowment
• Maplelawn Farmstead Endowment
• Morning Dove Therapeutic Riding Fund
• Sugar Creek Art Center Endowment
• The Caring Center Endowment
• Zionsville Boys & Girls Club Endowment
• Zionsville Cultural District (ZCD) Arts Endowment Agency Fund
Community Impact Funds | $328,432
Allows for flexible grantmaking, providing support as needs of the county change.
• Cole Warren Community Impact Fund
• Community Impact Fund
• Doc Hardin Legacy Fund
• Eugene O. and Mabel Higgins Trust Fund of the Community Foundation of Boone County
• First Farmers Fund for the Future of Boone County
• Fluor – Lebanon Project Community Fund
• Hutoka Lacey Estate Fund
• Joe and Barb Krier Legacy Fund
• Mike Caldwell Family Fund
• Mr. and Mrs. John H. Holliday Fund
• Rachael Fiege Family Fund
• Robert and Victoria Wesseler Family Foundation Fund
• Smithville Charitable Fund
• Tim and Paula Hudson Family Fund
Designated Funds | $263,035
Permanently supports your chosen charitable organization.
• Albert F. & Ann Graham Family Fund
• American Legion Post 79 – Jack Clark Scholarship
• Bill C. and Mary F. Duncan Endowment Fund
• Boone County Child Advocacy Center Fund
• Boone County Childcare Fund
• Boone Economic Development Corporation Community Fund
• Boone EDC – Community Arts Endowment
• Boone EDC Fund for 180 In Color Project:
• Advance Murals
• Arc Sensory Garden
• Lebanon Mural
• Thorntown Murals
• Brick Street Poetry Fund
• Centenary United Methodist Church – Lebanon
• Doyle – Winchester Memorial Fund
• Elizabeth Dillon Endowment Fund
• First Baptist Church – Lebanon Endowment
• Gerald L. Limp Educational Endowment
• Gerald L. Limp Leadership Endowment
• Glen L. Harlos and Mildred M. Harlos Fund
• Greater Jamestown Area Fund
• Henry C. Ulen Foundation Fund
• James M., Jr. & Dorothy S. Leffel Memorial Endowment
• Jamestown Christian Church
• Jamestown IOOF Cemetery
• Jim and Frances Capps Endowed Fund
• Joe and Barb Krier Foundation Fund
• John W. and Charlene C. Roth-Hill School Fund
• Kappa Kappa Kappa (Alpha Beta Chapter)
• Kiwanis Lincoln Park Concert Fund
• Lane Trust For Boone County United Way
• Lebanon & Greater Boone County Park Foundation Endowment
• Lebanon High School Steinway Piano & Choral Music Endowment
• Lebanon Rotary Club Fund
• Mark and Elizabeth Hull Memorial Fund
• Michael T. Hodges Musical Instrument Endowment Fund
• Milledgeville Methodist Church — Charles S. Mayes Fund
• Natural Resources Education Endowment
• Oak Hill Cemetery Fund
• Patricia Smith Foster Jackson Township Fund
• Patrick Henry Sullivan Foundation Fund
• Ruth Burrus Homemakers Fund
• Sagamore Student Leadership Initiative, Inc. Endowment
• St. Mark’s Lutheran Church Fund
• State Bank Endowed Fund for Boone County
• Stookeys 4-H Fund
• SullivanMunce Cultural Center Fund
• Sydney Foster Endowment Fund
• The Community Fellowship INC
• Thorntown Keewasakee Trail
• Tri-Area Library Endowment
• Vawter Family Foundation
• Wes Jones Awakening Fund
• Wesseler Family Fund
• Western Boone Education Foundation
• Yandall C. Cline 1st Amendment Freedom Fund for Hoosier State Press Assn.
• Zionsville Band and Orchestra Musical Instrument Endowment Fund
• Zionsville Booster Club Endowment Fund
• Zionsville Education Foundation Endowment
• Zionsville Lions Club – Park Maintenance
• Zionsville Lions Park Guthrie Playground Maintenance Fund
• Zionsville Police Department K-9 Fund
Donor Advised Funds | $155,040
You recommend which nonprofits receive your funds.
• Anne’s Angel of Hope Fund
• Applegate Family Fund
• Avelena Fund of the Wm. Higgins Trust
• Bayston Family Fund
• Burrus Family Fund
• Dean Ryan Barrett Memorial Missions Endowment
• Easterday Family Fund
• Fleck Family Foundation Fund
• Frances Pettijohn Memorial Fund
• Heck Family Fund
 • Jared Kerr Memorial Fund
• Keenan Family Foundation
• MK Jacobsen DVM Pet Therapy Endowment Fund
• Nelson Family Foundation Fund
• Pete & Henrietta Hudson Charitable Family Fund
• Pratt Family Fund
• Schroeder Family Fund
• Sease Family Fund
• Sheets Cemetery Fund
• Sutphin Family Fund
• Terrill Family Fund
• The Long Family Trust
• Tri-Area Library Inc. Building Fund
• Tri-Area Library Inc. Perpetual Income Fund
• Wolff Family Fund
• Women of Impact Fund
• Zeckel Family Charitable Remainder Fund
• Zeckel Family Endowment Fund
Field of Interest Funds | $85,060
Funds are disbursed to nonprofits within your desired field of charitable work.
• Aaron Stookey Spirit of Philanthropy Award
• Boje Environmental Fund
• Boone County Fund for Youth
• Boone County Pre-school Endowment Fund
• Community Arts Endowment
• Jay Martin Underprivileged Children’s Fund
• Lebanon African M.E. Church Building Restoration Fund
• Lionel Dubay Youth Sports Award
• Snepp Family Historical Fund
• Suzanne’s Fund for Children
• Tabitha Fund for the Underserved
• Tate Eugenio Memorial Fund
• Wayne L. Smith Fund
• Women’s Fund of Boone County
Operational Funds | $128,702
Provides support for the operations of the foUndation.
• 30th Anniversary Endowment Fund
• Board of Directors Endowment Fund
• Bob and Beth Casselman Family Fund
• Dan Quayle Charity Golf Tournament
• Ingham Family Fund
• Tom Koppelman Legacy Leadership Fund
• William Jennings Administrative Fund for CFBC
• William Jennings Charitable Remainder Fund
• Operating Fund
Scholarship Funds | $307,187
Helps others reach their dreams of higher education.
• Allen F. Wharry Memorial Endowment
• Andrew Baker Scholarship
• Annabelle and Maurice Platt Nursing Scholarship
• Ashley C. Thompson ACTion
• Ben Brimmer Arts Scholarship
• Bobby Hysong Memorial Scholarship
• Boone County Agricultural Scholarship
• Brad Houser Zionsville Tennis Scholarship Fund
• Buren Endowment Fund
• Carl H. Witt Scholarship
• Charles “Pete” Paddock Scholarship
• Charlotte Carr Tyre Scholarship
• Community Foundation of Boone County Fund for Scholarships
• Curt Emanuel 4-H Scholarship Fund
• Darrell Portell 4-H Scholarship
• Entrepreneurial Scholarship in honor of Lloyd & Jane Taylor
• Eugene O. & Mabel Higgins Scholarship Fund
• Family Music Studio Scholarship
• Florence Gruver Memorial Scholarship
• Frances and Ron Lind Nursing Scholarship
• Haines Family Scholarship Fund
• Harold and Evelyn Rice Scholarship
• Harold Eugene Wagner Wrestling Scholarship
• Heather Cline Football Scholarship Fund
• Heather Cline Healthcare Scholarship Fund
• Isenhower Family Educational Fund
• Jake and John Whitney Roth Memorial Scholarship Fund
• James Holman Carr and Pauline Neel Carr Scholarship
• Jay Martin Vocational Scholarship Fund
• Jerry Erskine Family Rotary Educational Fund
• Jerry R. Cunningham Jr. Memorial Scholarship
• Joseph K. Tyre and Charlotte Carr Tyre Scholarship
• Knebel Nursing Scholarship
• Lawrence & Nellie Bailey Scholarship Fund
• Leah Cooper McMillan Memorial Softball Scholarship
• Lebanon Class of 1966 Scholarship Fund
• Lenox Family Scholarship Fund
• Megan Suzanne Hammerle Memorial Scholarship
• Ms. Dorothy Roby & Yolanda Cox Scholarship
• Norma and Ed Castetter Memorial Endowment
• Oliver L. Warner Educational Scholarship Fund established by Jeff H. Thomasson
• Pliny & Mildred Randall Scholarship for WeBo
• Psi Iota Xi, Omega Chapter, Malpas Scholarship
• Rachael Fiege Zionsville Women’s Soccer Memorial Scholarship
• Stonehill Scholarship Fund
• Tate Eugenio Memorial Scholarship Fund
• The Richard H. Crosser Memorial Scholarship Fund
• The Science, Technology, Engineering, Agriculture, and Math Award
• Theodore Husting Morden D.P.M. Wrestling Scholarship Fund
• Thomas E. Gruhl Scholarship
• Thomas G. Rake Memorial Scholarship
• Thomas Slama Scholarship for Medical Studies
• Todd Getty Memorial Mental Attitude Award
• Tom Bauman Memorial Scholarship
• Vocal Music Scholarship in Honor of Aaron & Cathy Coates & in Memory of Lindsay Van Dyke
• Zionsville Community High School Distance Running Scholarship Fund
• Zionsville Optimist Fund
• Zionsville Volunteer Fire Dept—Larry K. Rust Memorial Scholarship
EMILY FAGGETTI WELCH |
2009
FORMER CFBC SCHOLARSHIP RECIPIENT
Emily (Faggetti) Welch always knew she wanted to give back to the community that invested so deeply into her. As a 2009 Lilly Endowment Community Scholarship recipient from Western Boone High School, Emily attended Purdue University to study elementary education. She returned to Western Boone schools upon graduation, taught kindergarten and fourth grade at Thorntown Elementary School, and coached junior high soccer. Because of her scholarship, she was able to attend Butler University only three years later to pursue her Master’s Degree in Education Administration and serve as an assistant principal in Clinton County.
Emily switched gears in 2022, making the difficult decision to leave education and serve her community in a different way. Having grown up in a rural area, she understands the importance of agriculture in Boone County. Now in her career with Corteva Agriscience, she is able to impact an industry that she is passionate about.
Emily continues to be an active member of the Lilly Scholars Network, and volunteers with Habitat for Humanity. She resides in Whitestown with her husband Dan, son Graham (4), and daughter Grace (2).
“I loved going back to teach at the school system I attended, and I loved having the opportunity to live and work in the community I grew up in. Through my teaching career I met my husband, which may have never happened if I hadn’t come back home.”
Asset Building
Building community strength and stability.
As a community foundation, building permanent charitable assets is at the heart of our mission. By growing and stewarding these resources, we ensure that Boone County has a lasting source of support for generations to come. Every gift entrusted to us is carefully invested, allowing us to provide sustainable funding for local nonprofi ts, scholarships, and community initiatives. Asset building is more than just growing a fund—it’s about strengthening the fabric of our community, creating opportunities, and ensuring that philanthropy continues to make an impact far into the future.
In 2024, we were honored to welcome an incredible group of businesses as CFBC sponsors, each demonstrating a strong commitment to the future of Boone County. Their generosity helps us expand our reach, enhance our programs, and maximize the impact of philanthropy in our community. These businesses recognize that a thriving local foundation benefits everyone, and their partnership is a testament to their dedication to giving back. We are deeply grateful for their support and their role in building a stronger, more vibrant Boone County for all.
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THANK YOU TO OUR ANNUAL SPONSORS FOR YOUR SUPPORT!
We are able to accept many types of gifts as your local community foundation.
Bond & Stock Transfer
No capital gains tax paid. Donations limited to 30% of AGI.
Cash
Income tax deduction. Donations limited to 60% of AGI.
Charitable Trust
Income tax deduction. Fixed or variable income for life or term of years.
Gifts of Grain
Reduction in AGI & income tax paid.
IRA/RMD
If over 70.5 years old, QCD tax-free distribution of up to $100,000 per year.
Legacy Charitable Request & Planned Gift
Can be percentage, specific amount, asset, or residual of estate.
Life Insurance
Income tax deduction. Charitable use of non-needed life insurance policy.
Mutual Funds Transfer
No capital gains tax paid. Donation limited to 30% of AGI.
Real Estate Transfer
No capital gains tax paid.
THE OBREMSKEY FAMILY | Donors
When Pete and Sandy Obremskey moved to Boone County in 1964, they were welcomed with open arms. That sense of community inspired a lifelong commitment of giving back.
“At first, we gave through volunteer service,” Sandy recalled. “As time went on, we were fortunate to provide financial support as well.” Over the years, the Obremskeys’ contributions grew alongside CFBC. “It’s up to us – community members – to step up and help fill gaps where the Community Foundation of Boone County needs support to help the community,” she said.
Pete and Sandy’s daughter, Katie Reasoner, grew up surrounded by that spirit of giving, a value also passed down from her grandmother, Stasia Obremskey, an immigrant from Poland who made a significant impact on her local community in southern Indiana. Now, Katie is committed to instilling the same values alongside her husband Tim with their own children in Zionsville.
“When children see their parents actively engaged in improving and supporting their community, they are likely to follow.”
While on a family vacation over the holidays several years ago, the 13 Obremskey grandchildren each chose a nonprofit to donate to in honor of a cousin. “It was powerful to see what causes mattered to each cousin,” Katie said. “The nonprofits ranged from local organizations like the Boone County Cancer Society and Boys & Girls Club of Boone County, to international initiatives supporting women and children in Uganda and Zimbabwe.”
Through generations of giving, the Obremskey family has built a legacy – one that ensures Boone County will continue to thrive, not just today, but for years to come.
IMPACT BREAKFAST
At our 2024 Impact Breakfast, we were reminded once again of the incredible generosity and dedication of our supporters. With nearly 90 partners, donors, fund advisors, and friends in attendance, we gathered to celebrate the power of philanthropy and the vital role a strong community foundation plays in Boone County’s future.
Thanks to the commitment of those in the room and the event sponsors, we raised more than $100,000 towards our goal of $825,000, bringing us closer to unlocking the $1.5 million gift from the Lilly Endowment.
We are deeply grateful to see that the community believes in and invests in this work. The support at the breakfast and continued support ensures that Boone County has a thriving community foundation—one that will continue to serve, strengthen, and uplift our region for generations to come.
Tacos & Tequila
In 2024, we also hosted our Tacos & Tequila Donor Stewardship Event as a heartfelt way to express our gratitude to the incredible volunteers, donors, community partners, and supporters who make our work possible. Surrounded by great company, delicious food, and lively conversation, our staff and board had the opportunity to personally thank those who give their time, resources, and passion to strengthening Boone County.
This gathering was more than just a celebration—it was a reminder of the strong, dedicated community that believes in the power of a thriving foundation. We are truly grateful for each and every person who walks alongside us in this mission, and we look forward to continuing this work together.
Our 2024 Donors
Thank you for giving to the Community Foundation of Boone County in 2024. Because of you, we were able to raise more than $2.2 MILLION to address unmet needs in our local communities. Every donation matters as we work every day to make an impact throughout Boone County.
Thank you. Together, we are able to do so much more.
HONORARY & MEMORIAL GIFTS
Every year, people choose to make donations in honor of (iho) or in memory of (imo) someone. These gifts continue the legacy of giving while paying Homage to the special people we know now and have been blessed to know.
The Community Foundation of Boone County is honored to list these donors and the people who have made and continue to make an impact in the lives of so many.
Financials & Investments
Get Gifts. Grow Funds. Give Back.
It’s what we do at the Community Foundation of Boone County. We receive gifts from people all over this county we call home. We invest those gifts so they grow and maximize the resources we have to support the many nonprofits that help Boone County thrive.
Our endowed funds are invested to preserve the original value of these gifts and grow our assets over time. We employ a moderate growth strategy in which 60% are invested in equities, 20% in fixed income vehicles, and 20% in liquid alternatives. Our investment strategy has produced excellent results for Boone County in both stable and unstable markets spanning three decades.
2022
TOTAL ASSETS
TOTAL GIFTS
TOTAL GRANTS & SCHOLARSHIPS
2023
TOTAL ASSETS
TOTAL GIFTS
TOTAL GRANTS & SCHOLARSHIPS
2024
TOTAL ASSETS
TOTAL GIFTS
TOTAL GRANTS & SCHOLARSHIPS
2022
2023
2024
TOTAL ASSETS
TOTAL GIFTS
TOTAL GRANTS & SCHOLARSHIPS
IN 2024, NET ASSETS EXCEEDED $37.9 Million.
Grants:
Area of Impact
SCHOLARSHIPS
$307,188
HEALTH & HUMAN SERVICES
$199,192
COMMUNITY DEVELOPMENT
$186,132
YOUTH DEVELOPMENT
$140,978
EDUCATION
$133,239
ARTS & CULTURE
$132,145
OPERATIONS
$128,702
ELDERLY
$56,554
Grants:
Area of Impact
Grants:
Area of impact since 1991
COMMUNITY DEVELOPMENT
$10,605,721
SCHOLARSHIPS
$7,910,456
EDUCATION
$4,516,332
HEALTH & HUMAN SERVICES
$4,490,568
YOUTH DEVELOPMENT
$1,591,917
ARTS & CULTURE
$1,265,357
ELDERLY
$985,815
Grants:
Area of impact since 1991
Consistent with prior years and observing industry best practices, the Community Foundation of Boone County engaged the services of Estep Burkey Simmons to perform an audit of the records and 2024 financial statements. The Community Foundation of Boone County will submit a 2024 Form 990, which the IRS requires us to file annually. Form 990 gives the IRS an overview of the organization’s activities, governance, and detailed financial information. Audited financials and 990s are available on our website at www.communityfoundationbc.org or upon request from the CFBC office.