County Foundation is accredited in compliance with National Standards for U.S.
Community Foundations™, a program that establishes legal, ethical, effective
practices in philanthropy.
information about funds, investments, events, and volunteering
Community Development Officer
Education Program Officer
Ducky Day in Tipton Park, and youth philanthropy
meeting room reservations, donor receipts,
payments to vendors
Board of Directors
Board Members' Materials
1020 W. Jefferson St.
send all mail to PO Box 412.)
A printable "PDF" of the Foundation's Annual Report of
Financial Progress, Grants, and Scholarships may be downloaded with this
United Community Fund
|TCF Own Endowments
|Gain on Sale
|Management & General
Sustainability of the Tipton County Foundation
Donors occasionally contribute to TCF’s management and
operation—but not often. TCF currently conducts no campaign for its own
benefit —only for the causes supported by its various funds.
Sustainability for the management expenses comes from the
proceeds of our investments in two ways. One way is by the proportional
share allocated directly to the Foundation’s own operating endowments. The
other is from the fee (lowest in Indiana) paid by each component fund —out
of the proceeds TCF itself allocated to the Fund!
Sustainability refers to
policies and procedures that ensure that any community benefit organization
will have the resources to advance its mission today, while also enhancing
its ability to do so in the future.
Accordingly, we give the name “Sustainability Fee” to the
fees charged to component funds. There are costs associated with
administering a fund, and the Foundation itself. These costs include the
bookkeeping and auditing of each fund as well as staff time devoted to
investment oversight, making grants, acknowledging contributions, and
exercising the required due diligence over grants to nonprofits or
The Foundation, therefore, charges a modest fee to help pay
for these professional services. With support from these fees and its
operating endowments, the Foundation can track and respond to community
needs, convene discussions of important issues, and help to bring additional
resources to bear on Tipton County’s charitable needs.
The fees charged to TCF component
funds are not paid from contributed money, but from the allocations paid to
each fund by TCF. There is no fee charged to set up an endowed fund at the
Tipton County Foundation, nor do they pay transaction fees.
Notes to Annual Report
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
on the Foundation’s website.
The scholarship information listed in the printed report include only payments actually made from
funds managed by the Foundation. Tipton and Tri-Central students (and
alumni) receive hundreds of thousands in annual and financial aid
dollars not reported here. For information on the TCF's role
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. 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.
Management & General Expenses are those categories that
are typical costs of any business. For TCF, they are less than 20% of total
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.
Total assets include our investments in marketable
securities, cash, and the
value of the Foundation Office & Conference Center and the land where it
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.
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.
Friday, August 18, 2017