CFBC AWARDS MATCHING GRANTS TO 18 BOONE COUNTY NONPROFIT ORGANIZATIONS

Sep 28, 2020

Granting hands around a heart

CFBC AWARDS MATCHING GRANTS TO

18 BOONE COUNTY NONPROFIT ORGANIZATIONS

The Community Foundation of Boone County (CFBC) recently surveyed nonprofit organizations who serve local Boone County communities. 92% of nonprofits reported lost revenue due to COVID-19. 65% now have new, permanent costs due to the pandemic, such as cleaning supplies and technology costs. With revenue down and costs up, 60% are experiencing an increase in demand for services due to COVID, including mental health services, child abuses cases, food programs, and outdoor activities. The greatest reported need is financial assistance.

When looking at how the foundation should focus grant making for the rest of the 2020 year, the CFBC Board of Directors and Staff launched a community-wide grant program to meet the broad, increased needs in Boone County caused by COVID-19. The initiative consists of two components: $150,000 in unrestricted, immediate grants to three Boone County school corporations, and a Community Match Grant Program for Boone County nonprofit organizations. The goal of the Community Match Grant Program is to support several Boone County nonprofits who have experienced lost revenue and increased expenses due to the COVID-19 pandemic.

18 nonprofits applied for the Community Match Grant Program and, due to current and past generous donors, CFBC is able to award the matching grant in various amounts to all 18 applicants. The participating organizations have between October 1- December 31, 2020 to raise their matching amount.

“We are so blessed today to stand on the shoulders of the generosity of those that came before us and link arms with 18 of our beloved nonprofits to help them weather the storm of the COVID-19 pandemic”, said Jodi Gietl, President & CEO for the Community Foundation of Boone County. “This is how our local communities come together to survive this crisis. The Community Foundation of Boone County remains resolute in our commitment to serving the 67,000 residents of Boone County today and beyond.”

Now is the perfect time for community members to support the nonprofits who work so diligently and intently to keep the residents in our communities safe and healthy. Every dollar donated to the participating nonprofits directly will be matched, up to the maximum amount awarded.

The 18 nonprofit organizations participating in the matching grant are listed below. Click their name to go to their website, learn more about the organization, and donate.

To date, the Community Foundation of Boone County has granted over $220,000 to Boone County nonprofit organizations and schools working to support residents, families, and communities impacted by the pandemic. CFBC is currently in a matching gift campaign with Lilly Endowment, Inc., which will add $2 million to our permanent funds – which translates to more grants awarded out to the community every year. We have less than $95,000 left to raise by September 2021. Gifts made to our Boone County Community Impact Fund are tripled through this matching opportunity. Gifts of $100 become $300, $1,000 become $3,000, $5,000 become $15,000.

ABOUT THE COMMUNITY FOUNDATION OF BOONE COUNTY

Since 1991, the Community Foundation of Boone County has granted over $25 million from its various funds to nonprofit organizations and programs working to solve critical challenges in Boone County. Through the generosity of donors, the Foundation currently holds over $25 million in assets and awards an average of $1 million back into the local community each year. In the past 29 years, we have worked with donors to create permanent funds for charitable giving. The establishment and growth of permanent endowment funds will strengthen Boone County for generations to come.