(Southeastern IN) – The Rising Sun Regional Foundation (RSRF) has announced significant and immediate changes to its grantmaking process following the loss of its primary funding source, which officials say marks a pivotal moment for the organization and the communities it serves.
With nearly $47 million reinvested into the region since 1994 across Ohio and Ripley counties and the cities of Aurora and Batesville, RSRF has supported nonprofits, expanded educational opportunities, strengthened public safety services, and enhanced critical infrastructure.
However, as of December 31, 2025, the Foundation is no longer receiving monthly contributions tied to the adjusted gross revenue of the Rising Star Casino Resort, owned by Full House Resorts.
While the casino remains in operation in Rising Sun, these contributions have ceased with no indication they will resume.
The Foundation is thanking the team at Ice Miller for their legal representation and guidance while the Board attempted to negotiate an ongoing revenue stream.
“This is a significant and challenging turning point for the Foundation,” said Stan Wiedeman, Board President. “For more than three decades, these funds have allowed us to make a meaningful and consistent impact in our communities. The loss of this revenue requires us to make difficult but necessary changes to ensure we can continue serving the region responsibly.”
In response, the Board of Directors has begun reevaluating all aspects of its grantmaking strategy.
Beginning with the 2026 third-quarter grant cycle, the maximum grant award will be reduced from $40,000 to $30,000 per quarter.
In addition, the Foundation will place increased priority on projects that demonstrate strong matching funds and community investment.
“Moving forward, we must be more strategic than ever,” said Rachael Cole, Board Vice-President. “Projects that show strong local support and matching resources will rise to the top. Our goal is to maximize the impact of every dollar we are able to invest.”
Further changes to grant guidelines are currently under review, and additional updates are expected. The Foundation strongly urges all applicants to review current guidelines carefully prior to submitting an application.
“These changes are not made lightly,” added Kystie Philips, Board Treasurer. “Our commitment to this region has not changed—but the way we operate must evolve in response to this new financial reality.”
Despite the challenges ahead, the Rising Sun Regional Foundation says it remains dedicated to supporting initiatives that strengthen and sustain the communities it serves.
For more information about updated grant guidelines and application details, please visit www.rsrfonline.org or contact Cheryll Obendorf, Executive Director, (812) 438-4490 or director@rsrfonline.org.
