Dubois County, February 17, 2016: Dubois County Community Foundation ended 2016 with a strong year of charitable giving with contributions of $3.6 million. The Foundation’s total assets under management grew to $33.6 million.
Donors created 22 new permanent endowments to support a broad range of charitable causes across the county, including youth and education, the arts and historic preservation. Endowments, the primary purpose of community foundations, are funds created in perpetuity to grant income to local charities and community projects.
Investment returns were also strong ending 2016 at 7.9%. “The Community Foundation’s capacity to serve this community is directly tied to its ability to preserve and enhance its financial assets,” said Investment Committee member Mitch Clark.
“With nearly $34 million in assets under management, we’re committed to long-term, effective investment strategies and transparent stewardship,” Clark said.
The Community Foundation experienced an increase in its overall grantmaking, exceeding the million-dollar mark for the first time in its history. One hundred ninety-one nonprofits received grants totaling $1.3 million.
“Thanks to the generosity of over 800 individuals, families, businesses and organizations, more was invested in 2016 with the Community Foundation than ever before,” said Clayton Boyles, executive director. “These strong contributions and record grants out the door are positive indicators of a generous community committed to strengthening Dubois County and moving our community forward,” Boyles said.
“It’s powerful to see our donors’ passion for giving back grow year after year and the impact they are having in Dubois County,” Boyles said.
For additional information, view the 2016 Report to the Public by clicking here.