LF Committee Member, Carrie Petty, elected to the National Board of Directors for Rebuilding Together

FOR IMMEDIATE RELEASE
Carrie Petty of Petty Custom Homes
Contact: Sharon Smith, APR, for Petty Custom Homes
317.506.7982 /
ssmith@maverickpublicrelations.com

Carrie Petty elected to the National Board of Directors
for Rebuilding Together, Washington, D.C.

INDIANAPOLIS, Ind.
– Carrie Petty of Petty Custom Homes has been elected to the National Board of Directors for Rebuilding Together in Washington, D.C. Rebuilding Together is the nation’s leading nonprofit organization providing critical home repairs, modifications and improvements for America’s low-income homeowners at no cost to those served. During her three-year term, Carrie will be building the strategic vision for the nation’s Rebuilding Together affiliates.


"I plan to support local efforts by bringing capacity building funds to Indianapolis, which will expand the safety net for hoosiers in need. It’s also my goal to travel to the Republican National Convention and the Democratic National Convention to support two Veteran builds," said Carrie Petty.
The organization’s network of 200 affiliated non-profits brings together 200,000 volunteers and completes 10,000 projects each year. In addition to providing home services, their work positively impacts the condition of the surrounding community through community center rehabilitation, playground builds, and partnerships with organizations focused on energy efficiency, sustainable community gardens, volunteer engagement, and education.

Giving back to the community has been a key component of Petty Custom Homes’ business philosophy for nearly 20 years. At least 10% of corporate profits go toward community mission efforts such as hunger and poverty housing issues. Carrie and her husband, Petty Custom Homes President Chris Petty, are also involved in the foundation they started after Hurricane Katrina: the CP Foundation, Inc. Carrie is the former Executive Director of Habitat for Humanity Hamilton County, where Chris currently serves on the Board of Directors. She is a dedicated advocate for families living in poverty and her current work as Board Chair at Gleaners Food Bank has been life-changing for hungry hoosiers.

Join Us December 19th for the Legacy Fund Open House!

Please Join Us as We
Celebrate this Joyous Season
at the
Legacy Fund Open House
December 19th, 2012
3:30 pm – 6 pm
515 East Main St, Suite 100
Carmel, Indiana
Light Hors D ‘Oeuvres &
Refreshments Served
RSVP to Kerry Byrne at
317-843-2479 or kerryb@cicf.org

The Legacy Fund Fourth Annual Celebration of Philanthropy


Join us for the Fourth Annual Celebration of Philanthropy, an evening dedicated to inspiring philanthropy!  This premier event in Hamilton County brings together close to 400 of the most philanthropic residents in the county.  Prior to the plated dinner, Legacy Fund hosts nearly 50 non-profit organizations staffing information tables at the Not-for-Profit Showcase.  Through this showcase, Legacy Fund and our sponsors help connect community members with important causes.

As in prior years, we will honor the tireless dedication of a person or family who has profoundly impacted the quality of life and fabric of Hamilton County through the Living Legacy Award.  The Celebration commemorates the selflessness of those who promote human wellbeing through charitable giving.  Past recipients of the Living Legacy Award include The Crosser Family, The Sonny Beck Family, and The Dr. Judith Lowe Campbell Family.

The event takes place November 8th at Ritz Charles in Carmel.  We are pleased to announce our special guest and featured entertainment for the evening will be Comedian Dave Dugan.

  • 6:00 PM  Cocktail/Social Hour
    • Featuring the Not-for-Profit Showcase
  • 7:00 PM  Dinner
  • 8:00 PM  Presentation of the Fourth Annual Living Legacy Award
    • Entertainment, Comedian Dave Dugan

Ritz Charles
12156 North Meridian Street
Carmel, Indiana 46032

Seating will be limited.
Reservation deadline: Tuesday, October 30th

Your inquiries are welcome:  317-843-2479 or events@cicf.org

Register for tickets here.  Register for Showcase here.

Hamilton County 21st Century Scholars Enrollment Jumps!

Number of Eligible Hamilton County Students Enrolled
In Free College Tuition Program Jumps By 36%

Legacy Fund 21st Century Scholars Enrollment Challenge spurs increase.

HAMILTON COUNTY, IN – The number of eligible students in Hamilton County enrolled in the State of Indiana’s Twenty-first Century Scholars (TFCS) program, which offers free college tuition to eligible students who observe a pledge to earn good grades and stay out of trouble, jumped by 36%, Legacy Fund President Terry Anker announced today.

The Twenty-first Century Scholars Enrollment Challenge is a part of Central Indiana Community Foundation’s (CICF) College Readiness Initiative, which was created to increase educational attainment throughout central Indiana. Originally launched in Marion County in 2010, the Enrollment Challenge awards school counselors with gift cards for enrolling 75% or more of eligible students – students who participate in a public school free- and reduced-lunch program – into the State’s Twenty-first Century Scholars Program.

Legacy Fund, an affiliate of CICF, introduced the Enrollment Challenge to Hamilton County in May, 2012. According to Hamilton County Community School Corporation records, Hamilton County had approximately 8,500 free-and-reduced lunch students in the public school system in the 2012 school year; 32% of those eligible 7th and 8th graders were enrolled in the Twenty-first Century Scholars Program (a total of 388 students) and 40% of eligible 8th graders (a total of 247 students) were enrolled. Following the Enrollment Challenge, which ended on June 30, 2012, enrollment in the Twenty-first Century Scholars program by eligible students in Hamilton County had increased by 139 students, or a total increase of 36%; 8th grade enrollment jumped to 53% according to Amy Parraga, TFCS Regional Site Director.

Schools that surpassed the 75% enrollment goal (7th & 8th grade) include Riverside Junior High (Hamilton Southeastern School District) and Sheridan Middle School (Sheridan Community Schools). School counselors Angela Mott, Chris Graves and Nikki Zachary each received a gift card valued at $300 for their role in helping students enroll in the program.

"For first time in the Twenty-first Century Scholar program’s history, more than half of all eligible 8th graders in Hamilton County are enrolled in the program," Anker said. "As a result of the Enrollment Challenge, and school counselors who worked hard to get them into the program, these students are more likely to enroll in post-secondary opportunities following high school graduation. This is an important opportunity for them, as well as their families and our community."

Anker and Legacy Fund staff announced the results at the Legacy Fund offices in Carmel, Indiana and were joined by approximately 40 counselors from county middle and high schools, as well as Grants staff from CICF. In addition to Enrollment Challenge results, Parraga also announced changes to the Twenty-first Century Scholars program. All students in the program must now begin using the scholarship within one year of high school graduation and have eight years of eligibility. Starting with the class of 2015, students must graduate high school with a minimum 2.5 GPA to receive the scholarship. Finally, students enrolled in the program on or before June 30, 2011 will not be required to have their family income reevaluated during their senior year. Students enrolled after that date will be required to participate in an income means test. All TFCS eligibility information can be viewed at
www.scholars.in.gov.

Calling all Hamilton County Non-Profits!

On Thursday, November 8, 2012, Legacy Fund will be hosting the fourth annual "Celebration of Philanthropy" event at the Ritz Charles.  We will be presenting the "Living Legacy" award to salute the selflessness and tireless dedication of those who profoundly impact the quality of life and fabric of Hamilton County.  Like last year, the award recipient will be announced during the program.  This event is aimed at celebrating and inspiring philanthropy in our community, and at the same time, recognizing there is still much to do to help our neighbors and our county thrive.  This is where we hope you will join us.

Not-For-Profit Showcase Opportunity
During the cocktail and social hour, 6 p.m. to 7 p.m., we will feature an expanded Not-For-Profit Showcase consisting of organizations that serve Hamilton County.  The opportunity continues for not-for-profit groups to exhibit and tell their important stories.  The showcase is only available for 45 organizations, so be sure to make reservations early.  We will reserve spots on a first come first served basis.

The investment to participate in this wonderful opportunity can be managed in a couple of ways:
1) Purchase one ticket for a representative from your staff and an additional ticket for a representative of your board totaling $180.00.  Your purchase includes the showcase, dinner, and the program for your two attendees.  Additional single tickets can be purchased for $90.00. 
2) Purchase a table of eight for $720.00 or a table of ten for $900.00 which includes the showcase, dinner, and program for your attendees.  This will be a great opportunity for your board and key donors to participate in the evening’s festivities.
3) Purchase a table at the Sponsor Level of $1500.00 to receive additional publicity for your organization (dinner table signage, program listing, and logo displayed on screens), the showcase, dinner, and the program for 8-10 attendees.

With an emphasis on philanthropy that serves all of our missions, we hope you can join us for what promises to be one of the most inspiring events you will attend all year!  We are already receiving advanced reservations and welcome your inquiry by contacting Legacy Fund at 317-843-2479 or
kerryb@cicf.org.

Professional Advisor Presentation, Reception and Tour



Professional Advisor Presentation, Reception and Tour

Terry Anker and Ann O’Hara invite you to a very special event at the newly renovated Mansion at Coxhall Gardens hosted by Legacy Fund and Church Church Hittle & Antrim. Eric Manterfield will be presenting "Ethical Issues for Estate Planning and Family Business Succession Advisors" followed by a reception and guided tour.

This presentation has limited seating and is open to the public.
Register quickly by emailing events@cicf.org!!



2012 Presentation Topic:
Ethical Issues for Estate Planning and Family Business Succession
When:
Tuesday, September 18, 2012
Presentation at 4:00 pm
Reception and Tour at 5:15 pm
Where:

The Mansion at
Coxhall Gardens
116th & Towne Road
Carmel, IN
Presenter:
Eric Manterfield, JD
Who: Professional Advisors
Cost: Free
 
Description
Eric Manterfield is an attorney and partner at Krieg DeVault and is an esteemed writer and speaker in the area of estate planning. We have applied for one hour of ethics CE credit for Financial Planners and Attorneys. The presentation will be followed by a cocktail and hors d’oeuvres reception complete with an historical overview and guided tour of the mansion.


Honoring Good Samaritan Karl Harford

In memory of Karl T. Harford, Tom and Livia created the Good Samaritan Endowed Scholarship Fund with the help of Legacy Fund to recognize Good Samaritan Acts.  Their son Karl was known for random acts of kindness and sadly his life was cut short after providing a ride home for three strangers he met that evening.  Karl’s memory will live on forever with the Karl T. Harford Good Samaritan Endowed Scholarship Fund which has given out over $80,000 in scholarships to 15 good samaritan students.

Scholar Clark Trexler, CICF Vice President of Grants Liz Tate, Livia Harford, Scholar Jason Fry, Tom Harford, and Scholar Nathaniel O’Dell are pictured following the Karl T. Harford Memorial Golf Outing.


A Spark of Giving

Emily Yott was diagnosed with leukemia shortly after her first birthday. After 14 months of intense treatment at both Riley Hospital for children and Peyton Manning Children’s Hospital at St. Vincent, Emily lost her battle with the disease in May of 2007.

Emily’s parents, Jim and Stephanie Yott, wanted to memorialize their daughter by allowing her brief life to have far-reaching impact on other children facing life-threatening diseases. The Yotts created a fund in her memory with the help of their financial investment advisor who connected them to Legacy Fund, an affiliate of the Central Indiana Community Foundation.

Since the creation of the the Emily Yott Foundation, their efforts have helped nearly 30 families and children impacted by cancer or other critical illnesses.

Trinity Free Clinic

Legacy Fund took a chance on Trinity Free Clinic in 2000 as a start up organization. Because of the generosity of the Legacy Fund, Trinity Free Clinic was able to leverage additional grants and contributions” exclaimed Maggie Charnoski. Maggie is the Executive Director of the Trinity Free Clinic in Carmel Indiana. In 2011, the clinic had more that 3600 patient visits and it is anticipated that 2012 with have more than 4000. Legacy Fund is pleased to be part of such an impactful community organization.

www.trinityfreeclinic.org

Corporate Social Responsibility at the Mill Top Banquet and Conference Center

Thank you Ann O'Hara, Jay Merrell, Tracey Sheehan, Monica Peck, and Terry Anker for being engaged and thoughtful panel members for Legacy Fund's discussion of Corporate Social Responsibility at the Mill Top Banquet and Conference Center yesterday. We are truly indebted to you and your companies for your stewardship within our community.





Roger and Janet Drayer explained, "We wanted to keep Ben's memory alive through a scholarship with Legacy Fund"

Roger and Janet Drayer explained, "We wanted to keep Ben's memory alive through a scholarship with Legacy Fund." Ben Drayer, Roger and Janet's grandson, died at the age of 15 after struggling with cystic fibrosis.  His memory is honored in perpetuity with the Benjamin Drayer Memorial Endowed Scholarship Fund which benefits students at Sheridan High School.  The Drayer’s have impacted the lives of over 30 students with close to $28,000 in scholarships.


The Fishers Summer Concert Series

Legacy Fund Coordinator Kerry Byrne (left) and Legacy Fund Board Member, Ann O'Hara attended the Fishers Summer Concert Series June 12th. Ann accepted a Plaque of Appreciation from the Town of Fishers. Legacy Fund has provided over $24,000 in grant support for the Fishers Summer Concert Series since 2006!

Kerry and AnnOHara
Kerry and AnnOHara


Kerry, Ann, Cindy Shoemaker
Kerry, Ann, Cindy Shoemaker

Scholarships to Hamilton Southeastern (HSE) and Fishers High School (FHS) graduates.

Hamilton Southeastern School Foundation (HSSF) and Legacy Fund have once again partnered together with town residents to provide scholarships to Hamilton Southeastern (HSE) and Fishers High School (FHS) graduates.

  • Lilly Endowment Community Scholarship (full ride, 4 years)
  • Robert Herron (FHS)
  • Kayla Snyder (FHS)
  • Legacy Fund Community Scholarship ($2,000, 4 years)
  • Kelsey Froehlich (HSE)


Meet Kelsey Froehlich!

Meet Kelsey Froehlich our 2012 Legacy Fund Community Scholarship recipient of $2,000. Congratulations Kelsey!


Hamilton North Chamber luncheon

Thanks to Legacy Fund board member Sonny Beck and Beck's Hybrids for hosting the Hamilton North Chamber luncheon. Mark Robbins and board member Kay Hartley toured the new research facility. Beck's is a generous corporation and community member.


Food hub possible in central Indiana

MUNCIE -- Purdue Extension is conducting meetings to gauge interest in establishing a central Indiana food hub that would coordinate supply chain logistics for small and medium-size farmers and ranchers.

It's a subject about which Michael O'Donnell, the new agriculture and natural resources extension educator in Delaware County, knows a thing or two.
Michael O'Donnell (left) the new agriculture and natural resources extension educator for Delaware County, talks with Dan Rhum at Rhum Farm in Muncie. / Kurt Hostetler / The Star Press
While O'Donnell earned bachelor's and master's degrees in mechanical engineering from Purdue University and the University of Texas at Austin, he went to work for Johnson's Backyard Garden in Austin while writing his thesis on "Barriers to a Biofuels Transition in the U.S. Liquid Fuels Sector."

That hooked him on alternative farming.

"The local food movement is gaining momentum," said O'Donnell, who grew up in suburban West Lafayette. "People are embracing it for a reason. I wanted to immerse myself in it."

The U.S. Department of Agriculture, which is committed to food hubs, has a working list of U.S. food hubs that numbers around 200, including seven in Ohio, eight in Illinois, five in Michigan, four in Kentucky and one in Indiana (Green B.E.A.N. Delivery, serving greater Indianapolis and Fort Wayne).

Food hubs aggregate, process, store, market, certify, brand and distribute local produce from many small farmers to large buyers like schools and hospitals.

"Purdue Extension is conducting a feasibility study to see if a food hub makes sense in central Indiana," O'Donnell said.

He called the concept another marketing opportunity for producers who typically sell meat, eggs, cheese and produce at roadside stands and farmers markets.

It could lead to increased local food production.

"A lot of producers might be afraid to expand if their farmers market is saturated," O'Donnell said. "If a food hub becomes available, maybe they will take it to the next step."

Johnson's Backyard Garden in Austin started in a backyard in 2004. It now provides locally grown, certified organic produce to farmers markets around Austin, top restaurants and grocery stores. Johnson's also sells memberships. Those who join pay in advance for a share of the upcoming harvest.

As a volunteer, then as a paid employee, O'Donnell gained experience at Johnson's in greenhouses, planting, fertilizing, management, cultivating, harvesting, storage, delivery and sales.

Then he and his wife, Sara (Reed), whose family owns a Hoosier Homestead farm in Daleville, decided to return to Indiana to be closer to family. O'Donnell landed a job at Moody's Butcher Shop, a "gate to plate" farm in Montgomery County that raises free-range chicken, eggs and beef. There, he again learned all aspects of the operation, including slaughtering. "I worked on the kill floor," he said.

The couple, who have two children, then moved to Daleville, where they live on her family's farm. O'Donnell taught math part-time at Ivy Tech Community College before he was hired as an extension educator in Muncie.

Dave Ring, owner of the Downtown Farm Stand, called O'Donnell open-minded and knowledgeable about organic farming. "I think he's going to be a real asset to this area in helping to develop a food system more like Bloomington, Indiana," Ring said.

O'Donnell himself is already supplying rhubarb, spinach, lettuce, radishes, turnips and other produce to the Downtown Farm Stand from the farm in Daleville. On Wednesday night, O'Donnell planned to attend a board meeting of Slow Food ECI, a local chapter of Slow Food USA, which links the pleasure of food with a commitment to community and the environment.

Purdue Extension is holding meetings on the proposed central Indiana food hub on Tuesday at the Hamilton County Purdue extension office in Noblesville, on Wednesday in the Hancock County Purdue extension office in Greenfield and on Thursday at the Henry County Purdue extension office, 1201 Race St., New Castle. All meetings start at 6 p.m.

"I would have sponsored a meeting in Delaware County but I arrived at this job too late," O'Donnell said.
With the infrastructure possible in an advanced food hub, consumers could benefit from access to frozen, canned and otherwise preserved and stored regional products year round, said Roy Ballard, an extension educator in Hancock County.

"Possibilities would include a retail facility, direct-to-door delivery and even drop-off of prepared, customized products at a community pickup point," Ballard said. "Each of these would build on the option of consumers shopping in more traditional farmers markets, roadside stands and farm markets."

As to how wide an area the hub would serve, Ballard said, "I foresee the potential of a hub serving farmers within a two- hour drive of the hub."

Habitat Build Season Begins!

Habitat for Humanity of Hamilton County kicked off the 2012 build season this past Friday by beginning work on the Keating and Thacker homes in Home Place. The building sites, located on East 104th Street in Home Place, was donated to Habitat for Humanity of Hamilton County by Salin Bank in 2011 and will be home to the first ever duplex construction project built by a Habitat for Humanity affiliate in the state of Indiana. Joining Habitat for Humanity of Hamilton County for this build, in addition to Salin Bank,will be two new partners of the affiliate, Northview Church and a conglomerate of Hamilton County United Methodist Churches led by Carmel United Methodist Church and St. Mark’s.

United Methodist Church. These community-focused partners have all joined forces with Habitat for Humanity of Hamilton County to work in partnership to build simple, decent, and affordable homes in Hamilton County with these hard-working, low-income Hoosier families.

The Town of Sheridan

We are pleased to join the Town of Sheridan in celebration as they launch the newly redeveloped Sheridan.org.   Legacy Fund shares in the excitement with Sheridan and other local communities increasing connectivity to residents with social media


The Newest part of the Legacy Fund team!

Meet, Kerry Byrne, the newest part of the Legacy Fund team! We are thrilled to have her onboard and know that you will offer her a warm welcome as well.

Register your child at Happy Hollow!

Legacy Fund and CICF have partnered with Happy Hollow Camp to provide $16,900.00 in scholarships to low-income families who normally cannot afford the enriching opportunities that summer camp programs provide. Register your child at Happy Hollow prior to June 8th and receive an early-bird discount!

Contact us or visit website -  http://www.happyhollowcamp.net/

5 Receive Nation’s 1st Undergraduate Degrees in Philanthropic Studies

Congratulations to the first five baccalaureate graduates of Indiana University’s Center on Philanthropy. Legacy Fund salutes those who are serving and want to serve our communities through effective non-profit organizations.

As a sophomore studying anthropology at a college in southern Indiana, Mark Lighthizer took a spring-break trip to build houses in the Dominican Republic. He saw a lot of needy people, but he didn’t know how he could help them.

Back at school, it gnawed at him until he discovered a new major starting in the fall of 2010 at the Center on Philanthropy at Indiana University, in Indianapolis. He was one of the first to apply.
In May, the 22-year-old became one of the first five graduates of what is believed to be the first-ever bachelor’s degree in philanthropic studies, a liberal-arts program based at the center. The program, say its organizers, is intended to produce future nonprofit leaders who are not only well-versed in the nuts and bolts of nonprofit management but also comfortable weighing the philosophical questions they will encounter on the job.



30 Second Quiz on Food Insecurity

Question 1: What Is Food Insecurity?

Answer: Food insecurity is an official term that means a person, family, or group is experiencing hunger or under nutrition. It can be short or long term.

Question 2: Which Indiana county has the fastest growing food insecurity rate?

Answer: Hamilton County

Legacy Fund recently granted $15,000 through its community endowment to support Mobile Food Distribution Days to provide thousands of pounds of food to people in need. Upcoming dates:


Event for Professional Advisors

Is your attorney, CPA, CFP, insurance agent or investment manager at this meeting? Check our the video. Legacy Fund and CICF held this event for professional advisors who intentionally advise clients toward charitable giving.





Mobile Food Distribution: May 17 at Sheridan High School, 4pm

Legacy Fund, Gleaners, and the Good Samaritan Network are partnering together to help people experiencing food insecurity in Hamilton County. The next Mobile Food Distribution Day is May 17 at Sheridan High School at 4pm.

Charity Highlight: Chaucie's Place

Child sexual and physical abuse happens everywhere, even Hamilton County. Chaucie's Place was birthed through the tragedy of one girl, Chaucie Quillen, by a group of committed volunteers and the Legacy Fund. Listen to Toby Stark, Executive Director talk about their mission.





New Partnership Rewards Schools for Promoting College Readiness among Low-income Middle School Students in Hamilton County

Twenty-first Century Scholars (TFCS) Program has partnered with Legacy Fund Community Foundation to launch a pilot TFCS Enrollment Challenge program in Hamilton County. The goal of this new initiative is to increase TFCS enrollment county-wide. The TFCS program is an early-promise scholarship and college readiness program that has successfully increased the percentage of low-income Indiana students that actually enroll in a college or university upon graduating from high school. To help promote college readiness, the TFCS Enrollment Challenge will reward lead school representatives that enroll at least 75% of 7th graders and at least 90% of 8th graders into the Scholar program before the June 30th deadline. Successful schools and lead representatives will be publicly recognized for reaching and/or exceeding program enrollment goals. In addition, lead school representatives will be honored with a Simon gift card valued between $300 -$500 for meeting 2012 TFCS Enrollment Challenge goals. Additional educational awards will be provided to each school that achieves 90% or higher 7th or 8th grade enrollment.

ABOUT TWENTY-FIRST CENTURY SCHOLAR PROGRAM

The Twenty-first Century Scholars program, established in 1990 by the State of Indiana, encourages low-income middle school students to prepare for post-secondary opportunities. In exchange for academic and civic accomplishments during high school, enrolled students receive post-secondary tuition assistance to attend any public college or university in the State of Indiana.

Parents or guardians must enroll their child(ren) between 7th and 8th grades to qualify to receive the Twenty-first Century Scholarship. Students are also required to sign a pledge that promises they will: (1) graduate from an accredited Indiana high school with a diploma and at least a 2.5 cumulative grade point average, (2) abstain from the use of alcohol, drugs or committing a crime, (3) apply for college admissions, and (4) complete the Free Application for Federal Student Aid (FAFSA) form on-time. For more information, contact Amy Parraga, at 765.455.9533 or AParraga@ssaci.IN.gov

ABOUT LEGACY FUND

Legacy Fund, an affiliate of the Central Indiana Community Foundation (CICF), serves Hamilton County by administering charitable funds, foundations and organizational endowments for individuals, families and not-for-profit entities. Established in 1991, Legacy Fund's goal is to inspire philanthropy as it helps people enhance their family and charitable legacies in tax-smart ways. Legacy Fund has three main priorities: consult with donors, family foundations and professional advisors on charitable giving; award grants; and provide leadership to address community needs. For more information, contact Terry Anker, President, or Mark Robbins, Vice President, at 317.843.2479 (office) or:

Stamp Out Hunger: May 12

Don't miss this! The US Postal Service is taking donations of non-perishable food for local food pantries. Leave items in a bag by your mailbox. They will be picked up and delivered. May 12 only! Join Legacy Fund as we support those in need in Hamilton County.

Become a Successful Foundation Board Member

Key for Success
Board membership usually isn't a career destination. No college major or clear pathway leads to the boardroom. Foundation board membership is the result of a variety of circumstances: a wish to advance an area of passion, believing in the purposes of a particular foundation, or simply acting on the suggestion of a friend or colleague to personally engage in philanthropic work. While the roads to board service vary by individual, becoming a board member is only the first step. Being a successful board member is an ongoing process.

The best starting point is simply understanding that board service is a developmental process—and that becoming a good board member requires commitment, knowledge and skill development, and a willingness to engage in a journey that begins even before the actual service starts. It requires you to focus on the institution, learn about the broader societal context, and improve your service individually and as a member of the governance team. You can take several steps to do this.

Understand why. Board service carries expectations that relate to all board members generally and to you specifically. Be clear on why you are being considered and certain you understand what contributions you are expected to make. The board must be a good fit for you, and you need to be confident that you can deliver what is expected. Your commitment to the work of the foundation must be strong, and you must be willing and able to fulfill the expectations associated with membership.

Learn the institution. Effective board service requires initial and ongoing research about the institution and its work. It begins with knowing the organization's vision, mission, values, history, programs, and budget. However, this information alone does not tell the entire story. Having a clear sense of the organization's culture, aspirations, challenges, opportunities, stakeholders, and impact on society is an ongoing learning process that positions you to engage actively in shaping the foundation's future. A good board member has cultural awareness, a deep understanding of what makes the foundation special, and a connection to its good works and the people who help make that happen.

Know the roles. Various roles may unfold for you over the course of your service. And there are crucial ethical and legal responsibilities to which you'll be accountable. Be sure to understand these at the outset of board service. You'll also need to know about the roles of committee chairs, the board chair, and informal roles such as mentor, adviser, or "culture keeper."

Pursue individual development.
Excellence as a board member reflects a commitment and willingness to engage in ongoing learning and development. Some of it happens informally through observation, experience, and mentorship. A good board member will be an active, curious participant engaged in the overall organization, acquiring knowledge, insight, information, and guidance along the way.
Individual development also means accessing educational opportunities to engage with experts and other colleagues. The work of foundations is framed by policy, law, public opinion, and social issues. Board members need to understand the ways these forces affect foundations and shape the future. The Council offers various courses and educational opportunities for new and seasoned board members to help you advance your understanding and effectiveness.


This article is taken from "Council on Foundations"

Good Samaritan Network

Attending the monthly Good Samaritan Network with many of the key NFPs in Hamilton county.
Topics: mental health services, Vectren's bill assistance program, and mobile food distribution dates this summer.
Legacy Fund is proud to partner with many front line charities helping Hamilton County residents in need.


Reality Check: Did Bill Gates Make the Right Decision?

Yesterday, I sat down with a successful businessman to help him sort through his options in creating an official charitable fund to organize his giving and involve his family. He just sold his business, is retiring, and is wanting to write the next chapter in his life. His initial thoughts were oriented around the most common fund that people are aware of: the private foundation. Hey, Bill and Melinda Gates have one, so it must be the right option, right?

Maybe not. Experts are increasingly saying that you need at least $10 million in a private foundation to make it cost effective. Why? It is a separate charitable organization with a required tax return (IRS form 990), and legal work. Want some more reasons?

  • Anyone can get your 990 on the web and see who is on your board, your investments, expenses, and grants.
  • Private foundations are required to distribute 5% to charity annually. Mess that up and the IRS can hit you with penalties.
  • Private foundations are subject to stringent self-dealing and investment restrictions. Again, think penalties.
So you need at least $10 million in a private foundation to make it worth the hassle. Fortunately, there is an easier way to do good (no matter which side of $10 million you are on). I have three words for you: Donor Advised Fund (DAF).

  • You can set one up through a community foundation like Legacy Fund.
  • No separate tax return is needed (so no one can see your activity).
  • The expenses are less, and you’ll have a partner to handle the back office.
  • The minimum is $25,000. You can fund it with a variety of assets, including bequests.
  • The tax deduction limits are higher vs. a private foundation (so you can give more and claim it this year).
  • DAF’s don’t have a 5% minimum annual distribution. Grow it or give it away—your choice.
  • You can involve your family in multi-generational giving, and you can give to any legitimate charity anywhere.
After reviewing all of this with the business man, I could see the light bulb turn on. It’s kind of a “no brainer.” Legacy Fund and CICF administer many DAFs with families because DAFs make it easy (and fun) to do good. Let Bill Gates have all the headaches.

Did You Know?

Currently 15.9% of kids in Hamilton county public schools participate in the federal free and reduced lunch program. That represents 8,504 children. Here is the breakdown:

  • Carmel: 9.4%
  • Hamilton Heights: 30.2%
  • Hamilton Southeastern: 14.3%
  • Noblesville: 22.2%
  • Sheridan: 36.4%
  • Westfield: 18.2%
If these families need help with lunch costs, what about college tuition?

Get ready for an important announcement this week regarding a partnership between Legacy Fund, the school systems, and 21st Century Scholars to help break generational poverty and improve our communities.

The Truth About Endowments

Nonprofits and their donors often see endowments as the route to financial stability, but they aren’t the right solution for every organization. Here we debunk some of the longstanding myths about endowments.
Myth #1: A strong, sustainable nonprofit needs an endowment.

The one thing that sustainable nonprofits need is enough income to run their programs and pay for salaries, facilities, etc. An endowment is one of many ways nonprofits can generate income. But for some groups, it is unnecessary or even a bad idea.

So before deciding to establish an endowment, nonprofits should decide if doing so addresses how income will be used to achieve the mission, when it will be needed, and how much will be needed. Organizations that are in financial crisis, that have limited capacity to attract more donors, or that have short-term missions should avoid establishing endowments.

Myth #2: An endowment must be continuously funded and can never be drawn down.

Nonprofits can choose when it’s most feasible to add to their endowments. For example, if it’s important to increase direct aid during a natural disaster, a relief organization might reduce or even forgo endowment funding for some period of time and redirect donors to an emergency appeal. Alternatively, the board might continue to fund the endowment regardless of its current needs if, for example, it has a far-reaching goal, such as to eradicate hunger.

While most endowments have permanent restrictions on the use of their principal, others have only temporarily restrictions or even completely unrestricted components that allow the money to be spent. Endowments can also have end dates rather than existing in perpetuity.

Myth #3: An endowment is the same as a board-designated reserve account.

A designated reserve account is a pool of funds established by the board to provide certain types of capital to the organization. There are several kinds of designated reserve accounts: A working-capital reserve can provide funds during normal parts of the business cycle when cash is low–for example, when awaiting payment on a contract. A “rainy day” reserve is available for unexpected challenges or opportunities. Funds can also be reserved to help an organization recover from financial distress or to expand or acquire facilities. These pools are managed internally, though the board may place restrictions on their use.

Endowments, on the other hand, are not intended to fund routine operating activities and are often managed externally or held outside of the reach of the nonprofits’ general business managers.

Myth #4: There are limits on the amount of interest income that a nonprofit can take from its endowment

There are no such legal limits. The amount and timing of distributions is determined by the governing body of the endowment. Interest income is often used to fund board-designated reserves for future projects and to expand current programs and services. Nonprofits should, however, have realistic expectations about the yield on endowment investments. Only a large endowment that is professionally invested to maximize returns is likely to generate enough earnings to make a dent in the operating budget. Community foundations are well suited to manage smaller endowments.

When nonprofits recognize how fluid money can be, they can better assess the types of capital and cash flow they need to support both short- and long-term objectives and avoid making unnecessary trade-offs. They will also be able to tell a more compelling financial story to donors, clearly articulating their rationale and timing needs for a range of funding options including endowments, reserve accounts, grants, loans, and investments.

This article is taken from "The Chronicle of Philanthropy"

Donors Enjoy a Well-deserved Thank You!


Donors who give to the community endowment or are leaving an estate gift to their charitable fund enjoyed a complimentary dinner and some excerpts from Guys and Dolls at the Booth Tarkington Theatre with Legacy Fund and CICF board members and Staff. Thank you to these families who are making the future brighter in Hamilton County!

Steve Holt, Jaime Reagan, Lou Hensley
Otto Frenzel, Kelli Elser, Peggy Monson, Jim Longstreth
Mary Stanley, Paul Estridge
Donors enjoying Guys and Dolls at the Booth Tarkington Theatre.







Check out Hamilton County's 2012 Lilly

Endowment Scholars!

Leslie Price (Sheridan), Bobby Herron (Fishers), Kayla Snyder (Fishers), and Katya Kantor (Westfield). Legacy Fund is proud to partner with the Lilly Endowment to administer this prestigious, full-ride scholarship.



Charity highlight: University High School

Terry Anker and Mark Robbins met with University High School officials Chuck Webster and Adrianne Glidewell-Smith to learn more about the school and how Legacy Fund donors can get involved. Legacy Fund does site visits with charities so we can help donors make effective grants.