(Greensburg, IN) – The Darol and Toni Collins Family Fund has been established at the Decatur County Community Foundation (DCCF), thanks in part to a matching grant from the Lilly Endowment.
“Darol and I started the fund at this time due to the Lilly match. We had Required Minimum Distributions available from our retirement accounts, so it was perfect timing,” Toni Collins said.
The Lilly Endowment is currently matching gifts to any community fund with $2 for every $1 donated.
DCCF says community funds are the most versatile type of fund that can be established at the Foundation.
Community funds are unrestricted in that they generate grants that meet community-wide needs.
Other types of funds generate grants that are designated for certain causes, themes, or organizations, according to a donor’s choice.
“This fund’s earnings will be used for projects and needs that address future issues,” Toni Collins said. “We have no idea what those needs might be in today’s world. Through our fund, we have the foresight to address tomorrow’s needs for our future Decatur County families.”
At DCCF, donors have the ability to name a fund with a minimum opening gift.
Through the $2:$1 match, the Collins family met the minimum for just a third of the usual amount.
For more information on starting your own community or any other type of fund, contact executive director Tami Wenning at info@dccfound.org or (812) 662-6364.
