Tipton County Foundation
Growing, Leading, and Serving Since 1986!
PO Box 412 • Tipton, IN 46072 • tcf@tiptoncf.org

A Success Story of a Grant for Education!

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"Future" News: Read the Foundation's Strategic Plan for Growing, Leading, and Serving (2016 - 2020)!

Site Contents Welcome! Donor Info! Grants! Scholarships! Raising Money! Forward Plan

2009 Activities

Contents
Links
TCF Features
Contact Us
Calendar
TCF News
Home
Ducky Day!
Strategic Plan
Assisting Donors
TCF Scholarships
TCF Grantmaking
Be Our Guest
30th Anniversary!

The Tipton County Foundation is accredited in compliance with National Standards for U.S. Community Foundations™, a program that establishes legal, ethical, effective practices in philanthropy.


Email the Foundation's President

Directory

President
Frank Giammarino
 for information about funds, investments, events, and volunteering
675-1940

Community Development Officer
Lori Tragesser
for Grants
Women's Fund
675-1941

Education Program Officer
Chad Huff

for Scholarships Ducky Day in Tipton Park, and youth philanthropy
675-1943

Bookkeeper
Dawn Dunn
meeting room reservations, donor receipts, payments to vendors

675-1942


Auto Attendant
765-675-8480

Board of Directors


Board Members' Materials


Conference Center

1020 W. Jefferson St.
Tipton

(Please send all mail to PO Box 412.)
Info &
Directions


Summary Report

Financial Information (Audit Report Pending) Year 2009
     Contributions $233,867

     Major Gifts/Bequests ($25,000 or more)

209,448
     Fees1/Other Income       78,986
Subtotal $522,301
     Interest/Dividends $194,045
     Realized Gain (Loss) 0
     Unrealized Gain (Loss) 3,804,293
Investment Subtotal $3,998,338
Total Revenue $4,520,639
     Foundation Grants for Projects2 $113,798
     Scholarships Awarded3  76,225
     Grants by Component Funds of TCF4 668,671
Total Community Benefit Expenses  $858,694
Total Management & General Expenses5  278,765
Total Fundraising Expenses6  19,084
Total Expenses $1,156,543

TOTAL VALUE OF ASSETS7

$20,935,615

Notes to Summary Chart

  1. Fee Income: 1/2 of 1% of the total value of each component fund managed by TCF is paid toward the cost of administration of the foundation

  2. The Grantmaking Committee recommends to the Board of Directors approval of proposals from community organizations for projects that seek Foundation support. Although funds are limited, groups engaged in charitable projects are invited to review the guidelines for grant proposals found at http://www.tiptoncf.org/grants.htm on the Foundation’s website.

  3. These figures include only scholarship payments actually made from funds managed by the Foundation. Tipton and Tri-Central students (and alumni) receive hundreds of thousands in annual scholarship and financial aid dollars not reported here. For information on the Foundation's role visit http://www.tiptoncf.org/scholarships.htm. The Scholarship Information Night for the Class of 2011 will be November 4, 2010.

  4. Component Funds are all the endowed and non-endowed funds that are established with a particular purpose, including our General Endowment and others that help underwrite the costs of doing business as a community foundation. Besides numerous Scholarship Funds, TCF holds Agency Funds established to produce consistent support for certain incorporated non-profit organizations (including churches), Field of Interest Funds that can make grants for particular kinds of projects rather than any particular agency, and donor-advised or designated funds, set up by and usually named for their principal contributor to benefit a particular group of causes each year.

  5. Management & General Expenses are those categories that are typical costs of any business. For TCF, they are about 24% of total expenditures.

  6. Fundraising Expenses are those they help underwrite the costs of telling the Foundation's story and seeking the broad public support that is necessary for fulfilling its charitable mission. Although these vary, depending on campaigns and initiatives underway in any given year, they average less than 3% of our total expenses.

  7. Total assets include our investments in marketable securities (about $19.5 million on December 31, 2009), cash, and the value of the Foundation Office & Conference Center and the land where it is located.


Progress Report

Since our Spring 2008 Report, the investments that make it possible to distribute money to the Foundation’s component funds have made a significant recovery from the worldwide economic downturn of 2008. The Tipton County Foundation also received a consistent level of regular contributions including many new donors in 2009, and stayed within its conservative operating budget.

The Foundation Board is please to extend its "matching" program for 2010! Each fund will receive a match of the first $2,000 endowed by individual donors (not organizations.) Any endowed contributions of any size made since January 1 will count toward the $2,000 per fund. Non-endowed contributions are not matched.

Women's PhilanthropyIn 2009, the Foundation saw an increase in the Women’s Fund to over $40,000, with many new donors, and as is essential, many women and girls continuing their support. The Women’s Fund will announce its annual grant recipient at the Afternoon Tea, Sunday, June 13, at the CW Mount Center.

A new initiative this past year was the Youth Philanthropy Council, through which students in grades 7 through 12 from both Tipton and Tri-Central schools are raising money in a “grown-up” way (no bake sales or car washes) to fund improvements in lifespan recreation facilities throughout the county. Your gift of $50 in support of these developing efforts, matched in part by the Foundation, will help pay for the new Walking Trail in Tipton Park, and give the students the opportunity to make mini-grants for improvements at playgrounds and recreation centers in other towns of the county. They hope to celebrate the success of their campaign at Ducky Day in Tipton Park, August 29. We hope to see you there, too!

Please contact us if you have any questions regarding this report. Your frequent, regular giving is also welcome. If you can send a check to TCF to benefit the United Community Fund or another component fund you wish to support, please let us know whether it should be used for grantmaking needs in 2010, or endowed to take advantage of the return of growth in investment markets. Please also remember that when you have the need or opportunity, you can contribute to any fund at the Tipton County Foundation in memory of a loved one or in honor of a significant birthday or accomplishment.

Major Project Grants

Boys & Girls Club Support for Positive Youth Development
United Community Fund Allocation
$33,100
$5,000
Habitat for Humanity Support for Substandard Housing
United Community Fund Allocation
$12,750
$4,250
The Mustard Seed Support for Family Crisis Alleviation
United Community Fund Allocation
 $13,800
$5,600
Council on Aging/Senior Center Operating Support
United Community Fund Allocation
Women's Fund Grant for Educational Programs
$4,000
$4,000
$700
Tipton Schools Teacher Recognition
Band Uniforms
$3,500
$3,352
Tri-Central Schools Teacher Recognition
Support of "Beauty and the Beast" School Musical
Assistance with Basic Needs for Students
$3,500
$1,400
$1,000
Medicine Chest Prescription Assistance
United Community Fund Allocation
$3,000
Lifeline Youth Services Tipton County Mobile Office $1,980
Tipton County Shares Jubilee Christmas $4,800
West Street Christian Church Backpack Blessings
Weekend Food Assistance to Children
$3,000
Tri-Kappa Sorority Breakfast With Santa Scholarships $1,200
Caregiver Companion United Community Fund Allocation $3,000
Salvation Army United Community Fund Allocation $2,000
Rock Prairie Baptist Church Christmas Assistance to Children $681
Historic Landmarks Foundation Publication of Tipton County Sites $4,571
American Red Cross Tipton-Howard Chapter Volunteer Training
United Community Fund Allocation
$6,307
$1,000

IRS Federal Income Tax Forms 990

Since 2004, each year's official report to the IRS, Form 990, has been posted on our website in PDF format, and may be viewed online or printed in September, after it is filed. Click on the links in the column on the right side of this page to open a PDF of the IRS report.


Annual Reports

Click on the links in the column on the right side of this page to see a webpage summary of each year's progress and grantmaking activities.

 


Contact Us    Last modified: Tuesday, May 30, 2017


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