Foundation hits GIFT VIII target

The match has been fulfilled.

The Portland Foundation announced Thursday that it has completed its $750,000 unrestricted endowment matching grant opportunity through the eighth phase of Lilly Endowment Inc.’s initiative, Giving Indiana Funds for Tomorrow (GIFT VIII).

“The Portland Foundation is grateful to the donors who made gifts as well as Lilly Endowment Inc. for the opportunity to further build its unrestricted endowment,” said foundation executive director Doug Inman in a press release. “Unrestricted endowment is important because it creates the opportunity for the Foundation to make a bigger impact in the Jay County community through its competitive grant-making and provides the Foundation the opportunity to address the ever-changing needs of the community.”

The matching effort saw 124 donors make 171 gifts totaling $375,000 to fulfill the two-to-one match from the Lilly Endowment.

Through GIFT VIII, the Lilly Endowment has awarded matching fund grants totaling $133.8 million to community foundations serving all 92 of Indiana’s counties.