2016 Snapshot Report - Indiana Philanthropy Alliance · The 2016 GIFT Snapshot Report is a compilation of data from Indiana community foundations entered into the CF Insights database

2016

SNAPSHOT

REPORT

July 2017

for Indiana Community Foundations

The 2016 GIFT Snapshot Report is a compilation of data from

Indiana community foundations entered into the CF Insights

database.

1

016 data collection was a success! Thank you for being diligent in completing the survey in a timely manner. We believe being part of the national database is of great benefit as it enables us to benchmark ourselves with the entire field.

In 2016, all 94 community foundations reported their data. The total assets of Indiana community foundations grew to $3.1 billion from $2.9 billion in 2015.

2016 Statistics:

Average size of Indiana Community Foundations increased 5% to $26 Million

Average grant size (includes scholarships) increased to $4,600 from $4,000 in 2015

Average unrestricted grant size increased to $7,500 from $6,200 in 2015

Unrestricted gifts decreased slightly to 18% from 23 % of core contributions in 2015

Amount of total contributions to endowed funds decreased to 51% from 67% in 2015

Amount of total contributions to existing funds remained steady at 63%

Aggregate sustainability remained steady at 90%; with 75% of CFs above 80% in 2016

New in the report for this year:

Average investment return

Average annual distribution rate

This report is for the field to use. Please let us know if there are other statistics you would like to have in the future.

Below are the national benchmarking reports available from CF Insights for the Indiana field:

Assets – Per capita assets among peers

Assets - % Core assets endowed among peers

Funds - # of funds per FTE among peers

Gifts – Average gift size among peers

Gifts – Gifts per capita among peers

Grants – Grant ratio among peers

Grants – Grants per capita among peers

Operating – Expense to asset ratio

Operating – Operating endowment and reserves among peers

Operating – Revenues as a percent of assets among peers

We hope this information will provide benchmarks and comparisons that can be used by community foundations to inform their boards and committees.

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GIFT Community Foundation Statistics Based on 2016 CF Insights Data Information

94 community foundations/affiliates reporting

ASSET INFORMATION

TOTAL ASSETS

$ 3,117,121,306 Indiana CFs

$ 26,055,000 Average Total Assets per Indiana CF (w/o CICF)

$ 720,081,000 CICF and Legacy Fund Assets

Less than $3M to over $720M Range of Total Assets per Indiana CFs

82% Of Total Assets are Endowed

27% Of Total Assets are Unrestricted

TOTAL ASSETS BY COMMUNITY FOUNDATION ASSET SIZE

CF by Asset Size # of CFs

Avg. Core Assets* per CF

% of Endowed Assets

% of Unrestricted Assets

Under $5M 5 $3,820,000 80% 26%

$5 to $9.9M 25 $7,535,000 83% 27%

$10 to $19.9M 21 $14,912,000 78% 29%

$20 to $29.9M 16 $23,775,000 89% 26%

$30 to $49.9M 15 $36,188,000 89% 24%

$50 to $499.9M 7 $105,720,000 85% 40%

Over $500M 1 $695,640,000 69% 18%

*Core assets do not include assets of supporting organizations.

CICF combined Marion and Hamilton county data Community Foundation of Southern Indiana combined Clark and Floyd county data Community Foundation Partnership combined Lawrence and Martin county data Jasper Foundation, Inc. combined Jasper and Newton county data

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SUPPORTING ORGANIZATION INFORMATION

TOTAL SUPPORTING ORGANIZATION ASSETS

$234,551,000 Indiana CFs

23 Number of Indiana CFs with a Supporting Org.

39 Number of Supporting Organizations

62 Number of Supporting Organization Funds

GIFTS INFORMATION FOR SUPPORTING ORGANIZATIONS

$24,764,000 Total Contributions to Supporting Organizations

632 Number Of Gifts Received by Supporting Org.

$39,000 Average Supporting Org. Contribution

$1,077,000 Average Supporting Org. Contributions per CF

GRANT INFORMATION FOR SUPPORTING ORGANIZATIONS

$9,487,000 Total Grants Awarded by Supporting Organizations

587 Number Of Grants Awarded by Supporting Org.

$16,000 Average Supporting Org. Grant Awarded

$412,000 Average Supporting Org. Grants $ Awarded per CF

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75 community foundations (legal entities) reporting

INVESTMENT RETURNS AND ANNUAL DISTRIUBTION RATES

INVESTMENT RETURN INFORMATION

CF by Core Asset Size

# of CFs

Range of Investment Returns

Average Investment Return

Under $5M 3

17

2.78% - 9.42% 5.07%

$5 to $9.9M 15

4.35% - 11.48% 7.38%

$10 to $19.9M 17 1.82% - 10.69% 6.86%

$20 to $29.9M 15 5.00% - 11.13% 7.42%

$30 to $49.9M 15 5.40% - 11.39% 8.72%

$50 to $99.9M 6 7.20% - 9.40% 8.34%

$100 to $499.9M 3 4.61% - 6.00% 5.20%

Over $500M 1 5.00% 5.00%

Statewide Average 7.58%

ANNUAL DISTRIBUTION RATE INFORMATION

CF by Core Asset Size

# of CFs

Range of Annual Distribution Rates

Average Annual Distribution Rate

Under $5M 3

17

3.00% - 4.50% 3.50%

$5 to $9.9M 15

2.00% - 5.00% 3.80%

$10 to $19.9M 17 2.00% - 5.00% 3.77%

$20 to $29.9M 15 3.00% - 5.00% 4.21%

$30 to $49.9M 15 3.00% - 5.00% 4.15%

$50 to $99.9M 6 4.00% - 4.50% 4.25%

$100 to $499.9M 3 4.50% - 5.00% 4.83%

Over $500M 1 5.00% 5.00%

Statewide Average 4.07%

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FUND INFORMATION

TOTAL NUMBER OF FUNDS

19,947 Indiana CFs

$115,000 Average Fund Size per Indiana CF (w/o CICF)

67 Funds to 1,034 Funds Range of Total Number of Funds per Indiana CFs

206 Average Number of Funds per Indiana CF (w/o CICF)

TOTAL NUMBER OF FUNDS BY COMMUNITY FOUNDATION ASSET SIZE

CF by Asset Size # of CFs Average # of

Funds Avg. Fund Size

Under $5M 5 93 $41,200

$5 to $9.9M 25 130

$57,700

$10 to $19.9M 21 190 $78,400

$20 to $29.9M 16 235 $101,000

$30 to $49.9M 15 328 $110,200

$50 to $499.9M 7 357 $296,400

Over $500M 1 1,034 $672,800


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FUND MIX INFORMATION

FUND MIX ANALYSIS BY ASSET SIZE

28%

15%

28%

15%

30%

14%

27%

10%

23%

12%

37%

5%

17%

3%

7%

8%

9%

10%

7%

9%

7%

11%

10%

9%

21%

20%

55%

39%

2%

6%

6%

9%

10%

11%

16%

14%

11%

12%

13%

24%

12%

34%

28%

33%

26%

29%

22%

25%

21%

27%

28%

30%

12%

19%

3%

7%

4% 5%

6%

7%

6%

9%

5%

7%

6%

6%

6%

6%

8%

3% 32% 33%

23% 28%

22%

29%

22%

27%

19%

27%

10%

21%

3%

12%

0% 1% 1% 1%

0%

1%

0% 0% 2% 1% 1% 1% 1% 2% 2% 3%

1% 4%

2%

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Under $5Million

$5 to $9.9M $10 to $19.9M $20 to $29.9M $30 to $49.9M $50 to 499.9M Over $500M

Unrestricted Donor Advised Agency

Designated Field Of Interest Scholarships

Community Engagement Deferred Gifts

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94 community foundation/affiliates reporting

GIFT INFORMATION

TOTAL AMOUNT OF ALL GIFTS RECEIVED

$180,711,000 Indiana CFs Total Core Gifts

$1,486,000 Average Total Gifts Received per Indiana CF*

$84K to $44M Range of Total Gifts Received per Indiana CF

TOTAL AMOUNT OF ALL GIFTS RECEIVED FOR ENDOWMENT FUNDS

$75,733,000 Indiana CFs*

55% Of All Gifts Received

TOTAL AMOUNT OF ALL GIFTS RECEIVED FOR EXISTING FUNDS



TOTAL AMOUNT OF ALL GIFTS RECEIVED FOR UNRESTRICTED FUNDS



GIFT INFORMATION BY ASSET SIZE

CF by Asset Size # of CFs Avg. Contributions per

CF % of Endowed

Gifts

Avg. Endowed Contributions

per CF

Under $5M 5 $615,000 67% $410,000

$5 to $9.9M 25 $599,000 70% $420,000

$10 to $19.9M 21 $896,000 58% $518,000

$20 to $29.9M 16 $1,163,000 69% $802,000

$30 to $49.9M 15 $2,287,000 62% $1,424,000

$50 to $499.9M 7 $6,708,000 39% $2,590,000

Over $500M 1 $43,968,000 37% $16,270,000

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GIFTS

GIFT INFORMATION BY ASSET SIZE

CF by Asset Size # of CFs Total Gifts to Existing

Funds % to Existing

Funds

Avg. Gifts to Existing Funds

per CF

Under $5M 5 $883,000 29% $177,000

$5 to $9.9M 25 $9,689,000 65% $388,000

$10 to $19.9M 21 $13,601,000 72% $648,000

$20 to $29.9M 16 $11,811,000 63% $738,000

$30 to $49.9M 15 $18,128,000 53% $1,208,000

$50 to $499.9M 7 $27,767,000 59% $3,967,000

Over $500M 1 $32,000,000 73% n/a

CF by Asset Size # of CFs Total Unrestricted

Contributions % Unrestricted Contributions

Avg. Unrestricted Contr. per CF

Under $5M 5 $483,000 16% $97,000

$5 to $9.9M 25 $4,103,000 27% $164,000

$10 to $19.9M 21 $3,409,000 18% $162,000

$20 to $29.9M 16 $3,198,000 17% $200,000

$30 to $49.9M 15 $7,893,000 23% $526,000

$50 to $499.9M 7 $9,879,000 21% $1,411,000

Over $500M 1 $3,787,000 9% n/a

CICF combined Marion and Hamilton county data

Community Foundation of Southern Indiana combined Clark and Floyd county data

Community Foundation Partnership combined Lawrence and Martin county data

Jasper Foundation, Inc. combined Jasper and Newton county data

*Gift totals to endowed funds, existing funds, and unrestricted funds do not include data from

CICF and Legacy Fund

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ESTATE GIFT INFORMATION

TOTAL ESTATE GIFTS

$ 11,914,225 Total Estate Gifts Realized

60 Number of Estate Gifts Realized

$ 198,600 Average Estate Gift per CF (38 CF reporting)

$12,000 to over $2.5M Range of Individual Estate Gift Realized

7% Of Total Gifts to Core Assets*

TOTAL ASSETS BY COMMUNITY FOUNDATION ASSET SIZE

CF by Asset Size # of

CFs

# of CF with Estate Gifts

Estate Gift % of Total Core Gifts

Average Estate Gift

# of Estate Gifts

Under $5M 5 1 31% $479,000 2

$5 to $9.9M 25 10 20% $148,000 20

$10 to $19.9M 21 11 9% $138,000 12

$20 to $29.9M 16 5 11% $295,000 7

$30 to $49.9M 15 7 11% $261,000 14

$50 to $499.9M 7 3 Less than 1% $31,000 4

Over $500M 1 1 1% $500,000 1

*Core assets do not include supporting organizations.


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GRANTS

TOTAL AMOUNT OF ALL GRANTS AWARDED

$154,689,000 All Indiana CFs

$1,137,000 Average Grant $ Awarded per Indiana CFs (w/o CICF)

5% Of Total Indiana CF Assets Awarded

TOTAL NUMBER OF GRANTS AWARDED

33,505 All Indiana CFs

356 Average Number of Grants Awarded per Indiana CFs

$4,617 Average Size of All Grants Awarded by Indiana CF

TOTAL AMOUNT OF GRANTS AWARDED FROM UNRESTRICTED FUNDS

$34,310,000 Indiana CFs

22% Of Grant $ Awarded – Indiana CFs

4,553 Total Number of UR Grants Awarded by Indiana CFs

$7,500 Avg. Size of UR Grant Awarded by Indiana CFs

GRANT INFORMATION BY ASSET SIZE

CF by Asset Size # of CFs Total Amount

of Grants

Total UR Grants

Awarded

UR % of Total Grants

Awarded

Avg. Total Grants $ Per CF

Under $5M 5 $644,000 $119,000 18% $129,000

$5 to $9.9M 25 $8,101,000 $1,566,000 19% $324,000

$10 to $19.9M 21 $12,189,000 $2,783,000 23% $580,000

$20 to $29.9M 16 $15,591,000 $2,853,000 18% $974,000

$30 to $49.9M 15 $21,089,000 $3,490,000 17% $1,406,000

$50 to $499.9M 7 $47,015,000 $19,129,000 41% $6,716,000

Over $500M 1 $50,060,000 $4,371,000 9% n/a

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GRANTS

GRANT INFORMATION BY ASSET SIZE

CF by Asset Size # of CFs Total # of

Grants Awarded

Avg. # Grants Awarded per CF

Avg. Size of Total Grants Awarded

Under $5M 5 669 134 $1,000

$5 to $9.9M 25 4,237 169 $1,900

$10 to $19.9M 21 6,499 309 $1,900

$20 to $29.9M 16 6,514 407 $2,400

$30 to $49.9M 15 5,723 382 $3,700

$50 to $499.9M 7 7,029 1,004 $6,700

Over $500M 1 2,834 n/a $17,700

CF by Asset Size # of CFs Total # of UR

Grants Awarded

Avg. # of UR Grants Awarded

Avg. Size of UR Grants Awarded

Under $5M 5 106 21 $1,100

$5 to $9.9M 25 572 23 $2,700

$10 to $19.9M 21 983 47 $2,800

$20 to $29.9M 16 909 57 $3,100

$30 to $49.9M 15 722 48 $4,800

$50 to $499.9M 7 1,070 153 $17,900

Over $500M 1 191 n/a $22,900


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SUSTAINABILITY STATUS OF INDIANA COMMUNITY FOUNDATIONS

SUSTAINABILITY RATE NUMBER OF CFS PERCENT OF CFS

100% or more 17 23%

90-99% 22 29%

80-89% 17 23%

70-79% 11 15%

60-69% 5 7%

50-59% 2 2%

40-49% 0 0%

0% - 39% 1 1%

CF BY ASSET SIZE NUMBER OF CFS PERCENT SUSTAINABLE

REVENUE Under $5M 3 65%

$5 to $9.9M 14 84%

$10 to $19.9M 18 87%

$20 to $29.9M 13 87%

$30 to $49.9M 16 90%

$50 to $499.9M 10 95%

Over $500M 1 87%

*Aggregate percent w/o CICF 90%

Sustainability Rate Calculation:

Administrative Fee Income + Operating Endowment Distribution ÷ Total Operating Expenses.

*We do not include CICF when calculating the state aggregate sustainability number because of their size, in any one year a change in their sustainability number could skew the statewide aggregate.

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OPERATING INFORMATION

OPERATING REVENUE ANALYSIS BY ASSET SIZE

Statewide average: 74% of Total Revenue is from Administrative Fee Income.

CICF and Legacy Fund are not included in this analysis.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Under $5Million

$5 to$9.9M

$10 to$19.9M

$20 to$29.9M

$30 to$49.9M

$50 to$99.9M

Over$100

Million

87%

68% 69%

79% 71%

80% 74%

1%

9% 9%

8%

9%

7%

8%

Administrative Fee Income Operating Endow. Distribution

Contributions & Fundraising Operating grants

Oper. Reserve & U/R Funds Miscellaneous Income

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OPERATING EXPENSES AND PERSONNEL INFORMATION


Range of Operating Expenses

Avg. Annual Operating Expenses

Avg. Annual Operating Exp. as a %

of Total Assets

Under $5M 3

17

$42,000-$171,000 $99,000 2.48%

$5 to $9.9M 14

$98,000-$479,000 $200,000 2.63%

$10 to $19.9M 18 $160,000-$372,000 $276,000 1.73%

$20 to $29.9M 13 $242,000-$555,000 $344,000 1.51%

$30 to $49.9M 16 $234,000-$820,000 $507,000 1.31%

$50 to $99.9M 6 $593,000-$1,313,000 $798,000 1.28%

$100 to $499.9M 4 $593,000-$1,566,000 $1,226,000 .68%

Over $500M 1 $5,990,000 n/a .83%


Avg. Annual Salary Expenses

Avg. Salary Exp. As a % of Total

Operating Avg. # FTE* Total

Under $5M 3

17

$46,000 46.36% 1.3

$5 to $9.9M 14

$115,000 57.50% 2.4

$10 to $19.9M 18 $160,000 57.86% 2.9

$20 to $29.9M 13 $183,000 53.08% 3.9

$30 to $49.9M 16 $274,000 54.04% 5.3

$50 to $99.9M 6 $445,000 55.76% 7.8

$100 to $499.9M 4 $640,000 53.85% 9.1

Over $500M 1 $3,308,000 55.22% 50.1

*Full Time Equivalent

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OPERATING RESERVE INFORMATION

58community foundations (legal entities) reported


Range of Operating Reserve Balances

Average Operating Reserve

Under $5M 3

17

$34,000 -$553,000 $294,000

$5 to $9.9M 14

$31,000 -$775,000 $216,000

$10 to $19.9M 18 $86,000 -$1,045,000 $566,000

$20 to $29.9M 13 $83,000 -$1,473,000 $254,000

$30 to $49.9M 16 $57,000 -$1,651,000 $486,000

$50 to $99.9M 6 $69,000 -$1,777,000 $855,000

$100 to $499.9M 4 $100,000-$1,207,000 $609,000

Over $500M 1 $4,977,000 n/a

OPERATING ENDOWMENT INFORMATION

68 community foundations (legal entities) reported


Range of Operating Endowment Balances

Average Operating Endowment

Under $5M 3

17

$42,000 -$396,000 $259,000

$5 to $9.9M 14

$93,000 -$972,000 $364,000

$10 to $19.9M 18 $126,000 -$2,043,000 $955,000

$20 to $29.9M 13 $23,000 -$1,660,000 $991,000

$30 to $49.9M 16 $26,000 -$4,087,000 $1,579,000

$50 to $99.9M 6 $1,246,000 -$3,064,000 $2,105,000

$100 to $499.9M 4 $438,000-$6,767,000 $3,521,000

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ASSETS, GIFTS, GRANTS PER CAPITA

94 COMMUNITY FOUNDATIONS REPORTING

Foundation Population Total Assets Per Capita

Contributions Per Capita

Grants Per Capita

Adams County IN 34,980 $539 $37 $22

Bartholomew County IN 81,162 $853 $61 $41

Benton IN 8,681 $723 $60 $37

Blackford County IN 12,298 $505 $68 $39

Bloomington and Monroe County 144,705 $271 $100 $4

Blue River 44,729 $803 $75 $45

Boone County IN 64,653 $317 $13 $18

Brown County IN 14,977 $613 $29 $33

Carroll County IN 19,856 $195 $14 $4

Cass County IN 37,979 $494 $6 $15

Central Indiana 1,208,286 $596 $37 $42

Clay County IN 26,503 $220 $25 $6

Clinton County IN 32,609 $712 $31 $22

Community Partnership IN 55,721 $239 $17 $6

Crawford County IN 10,483 $569 $8 $4

Crown Point IN 55,940 $430 $19 $21

Daviess County IN 32,064 $346 $13 $14

Dearborn County 49,455 $369 $37 $35

Decatur County IN 26,521 $762 $45 $26

DeKalb County IN 42,000 $351 $20 $14

Dubois County 42,461 $807 $93 $30

Elkhart County 203,781 $1,128 $110 $104

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Grants Per Capita

Fayette County IN 23,434 $462 $11 $16

Fort Wayne 368,450 $388 $19 $28

Franklin County IN 22,872 $218 $40 $6

Fulton County IN 20,315 $747 $53 $31

Gibson County IN 33,458 $182 $8 $7

Grant County IN 67,979 $324 $20 $23

Greater Lafayette IN 185,826 $217 $23 $7

Greene County IN 32,441 $234 $21 $9

Hancock County 71,575 $480 $14 $13

Harrison County IN 39,578 $4,328 $209 $147

Hendricks County IN 158,192 $78 $7 $4

Henry County IN 48,985 $678 $15 $25

Howard County IN 82,556 $396 $29 $11

Huntington County IN 36,630 $406 $10 $10

Jackson County IN 44,069 $234 $19 $9

Jasper Foundation IN 47,478 $370 $24 $13

Jennings County IN 27,897 $195 $16 $13

Johnson County IN 149,633 $165 $9 $9

Knox County IN 38,122 $192 $7 $7

Kosciusko County 78,620 $659 $66 $32

LaGrange County 38,809 $364 $8 $11

Legacy IN 485,846 $105 $4 $5

Madison & Jefferson Co. IN 32,416 $675 $20 $21

Madison County IN 129,723 $150 $6 $4

Marshall County IN 46,556 $684 $22 $19

Miami County IN 35,862 $255 $9 $14

Montgomery County IN 38,227 $1,124 $27 $23

Morgan County IN 69,648 $113 $15 $4

18



Grants Per Capita

Muncie & Delaware County IN 116,852 $471 $26 $24

Noble County IN 47,536 $595 $18 $21

Ohio County 5,994 $4,689 $61 $81

Orange County IN 19,605 $505 $61 $68

Owen County IN 21,203 $305 $26 $13

Parke County IN 16,901 $831 $36 $32

Perry County IN 19,462 $314 $15 $11

Pike County IN 12,766 $254 $33 $7

Porter IN 167,688 $287 $18 $15

Portland IN 21,121 $1,446 $64 $62

Posey County IN 25,599 $325 $18 $9

Pulaski County IN 12,889 $679 $28 $30

Putnam County 37,585 $783 $42 $23

Randolph County IN 25,172 $355 $32 $25

Ripley County IN 28,846 $381 $24 $13

Rush County IN 17,392 $908 $148 $31

Scott County IN 23,744 $342 $23 $10

South Madison IN 29,995 $273 $23 $12

Southern Indiana IN 192,149 $190 $29 $8

Spencer County IN 20,837 $425 $29 $12

St. Joseph County 267,618 $576 $12 $20

Starke County IN 22,958 $405 $46 $11

Steuben County 34,372 $756 $22 $36

Sullivan County IN 20,928 $575 $23 $16

Switzerland County IN 10,613 $1,085 $21 $23

Tipton IN 15,267 $2,300 $46 $57

Union County IN 7,182 $1,070 $51 $47

Unity Foundation of LaPorte

County IN

110,844 $252 $29 $9

19



Grants Per Capita

Vanderburgh IN 180,858 $104 $8 $4

Vermillion County IN 15,692 $185 $14 $12

Wabash County 32,138 $1,415 $112 $83

Wabash Valley IN 107,896 $284 $20 $14

Warren County IN 8,269 $496 $152 $17

Warrick County IN 60,463 $83 $20 $2

Washington County IN 27,827 $698 $11 $16

Wayne County IN 67,893 $580 $15 $27

Wells County IN 27,954 $789 $30 $40

Western IN 16,591 $978 $43 $54

White County IN 24,293 $315 $29 $7

Whitley County 33,406 $696 $50 $41

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GIVING INDIANA FUNDS FOR TOMORROW

TECHNICAL ASSISTANCE PROGRAM

A SIGNATURE PROGRAM OF

Documents

2016 Snapshot Report - Indiana Philanthropy Alliance · The 2016 GIFT Snapshot Report is a compilation of data from Indiana community foundations entered into the CF Insights database