Greene County Foundation has around 40 designated endowment funds, which were set up by donors to support specific organizations. The Foundation administers and invests these funds in a balanced approach to offset risk while generating positive returns. Then the Foundation provides annual payouts of earnings, net proceeds, in the form of checks to these nonprofits in February-March.
The Foundation strictly adheres to the donors’ intent, so the donors control who gets the payouts. The funds can be named in memory or in honor of someone, i.e., the Dutch and Juanita Rowe Fund which supports school supplies at Shakamak and WRV.
A few examples of organizations supported include:
- SON Ministries
- Greene County Senior Centers
- Middle Way House
- Greene County Humane Society
- Shawnee Theatre
- Local public libraries
- Cemeteries and many others
Some donors choose to set up endowed funds to be awarded as a scholarship, often in memory or honor of a loved one. The Foundation administers and invests these funds in a balanced approach to offset risk while generating positive returns. Then the Foundation pays out net proceeds in the form of scholarship support to local students.
Scholarships for graduating high school seniors are awarded during May, typically at school honor nights.
Scholarships to college students and working adults are awarded in the summer.
Visit Scholarships for more information.
Donors who give unrestricted support help fund the Community Support Grant Cycle. The Foundation administers and invests these unrestricted funds in a balanced approach to offset risk while generating positive returns. Net proceeds are paid out annually in the form of grants.
The Community Support grants are competitive, with applications typically accepted during late spring. Applications are reviewed by the Grants Committee, which then makes award nominations that are approved by the Board of Directors.
This unrestricted funding is so important in allowing the Foundation to address the community’s greatest needs.
During our June COVID-19 grant cycle Bless Bloomfield was awarded $10,000 though our COVID-19 Fund and $5,000 from the 100 Acre Woods fund. With the $15,000 Bless Bloomfield was able to provide assistance to over 70 families in the Bloomfield School District through the Food Box program. That totaled over 7 tons of food. They were also able to distribute 1600 half-gallons of milk through the Farmers to Families program.
The COVID-19 relief funding is made possible through a generous grant by United Way of Monroe County, Indiana United Ways, and Lilly Endowment Inc. and other donors.
Scotland Historical Society
The Scotland Hotel is a 19th century building that has been owned by the Scotland Historical Society since 1971 and is on the National Register of Historic places.
The Scotland Historical Society was awarded $12,790 in 2019 for the preservation and beautification of the hotel. They have since replaced the old wooden posts with vinyl covered posts, replaced the soffits and porch ceiling, painted around all the windows and doors, and started installing new vinyl siding.
Funds from the Jack and Gene Inman Fund Memorial Fund made this grant possible. The purpose of the Inman Memorial Fund is to provide support for historical and environmental preservation.