Frequently Asked Questions
What does the Foundation do?
The Porter County Community Foundation is a nonprofit organization that works on behalf of our community. We connect people to the causes they care about to improve lives in Porter County. This generosity makes it possible for the Foundation to help strengthen the work of nonprofits through grants and capacity building programs. It also enables us to collaborate with other stakeholders to build a stronger community by addressing Porter County’s most pressing needs.
Can anyone donate to a community foundation?
Yes, gifts of any size can make a difference. All donations are welcome and help charities with long-term resources. You can give to several charities at one time or you can give to the Foundation’s unrestricted fund which assists organizations and initiatives throughout Porter County.
Where does the money come from to give out grants and scholarships?
Various charities and donors create their own fund or add money to existing funds. The Foundation invests the funds and distributes a 5 percent pay-out from the funds to benefit designated causes.
To learn more about the impact that this 5% can have, watch the video below.
How is the Porter County Community Foundation different from United Way?
The two organizations complement each other – in fact, the Community Foundation supports the work of the United Way. However, a key difference is that the Foundation provides lasting support for nonprofit organizations by building endowments.
Endowments allow your gift to last forever as the original gift remains untouched while the earnings support local organizations – both today and into the future. This lasting benefit means that the Foundation helps nonprofit organizations through more than a single season or campaign, but truly forever.
Why shouldn't I just give directly to each nonprofit organization?
It is not an either or question. If you are supporting a local nonprofit, we urge you to continue your support as that organization relies on you to help provide their services. What we would like to visit with you about, is how you can include something in your estate plan that will allow your support for the causes you care about to continue forever. The Foundation has the expertise to efficiently and effectively manage your endowed gift for the benefit of one or more charities of your choice.
Who decides how my gift works in the community?
You decide who your gift will support. When you make your gift – or gifts – you decide to support the Foundation’s unrestricted fund or to name the nonprofit groups or causes you want to support. The Foundation invests the funds and provides donors, who have named funds, statements that show the gifts at work. The Foundation also makes sure that the organizations are using the funds as you wished. And, of course, your gift is tax deductible to the fullest extent of the law.
Who does the Foundation support?
The Foundation supports many people through a wide variety of charitable organizations. There are funds to help people with housing, education, or healthcare needs. Funds support the environment, the arts, and animals. While funds exist to support virtually every cause, you can also establish your own new fund – for your church, your school, or any other cause. The Foundation exists to help you help others.
What kinds of gifts does the Foundation accept?
The Foundation is very flexible. You can give in traditional ways, such as cash or stocks, but you can also give life insurance, real estate, or retirement benefits. There are even ways to make a gift that enables you or your family to draw an income from your gift. You can enjoy tax savings today and peace of mind for the future, knowing that you have made a difference. Donors have contributed many amounts – from $2 to $3 million!
Why should I give to the Porter County Community Foundation?
The Foundation enables you to support so many worthwhile organizations in your own community – organizations you choose. Because endowed gifts remain forever, they truly help to transform local nonprofit organizations – enabling organizations to focus on delivering valuable services rather than on how to keep the doors open and the lights on. This long-term support is a great way to ensure these organizations last as long as your gift – forever.