Saturday, June 24th, 2017

Donation increases grants, Huntington County

Posted: Friday, January 15, 2016

Article submitted by the Huntington County Community Foundation

When Michael Zahn, president and CEO of First Federal Savings Bank, heard that the Huntington County Community Foundation had Lilly Endowment funds remaining with which to match unrestricted donations to the foundation, he inquired about the details and put his plan into action resulting in a $26,000 gift.

First Federal already possessed an unrestricted community impact fund at the foundation that had been in place for years. Here was an opportunity to make an unrestricted donation, have it matched dollar-for-dollar with Lilly Endowment funds, and double the contribution into the bank’s named fund. The larger the fund amount, the bigger the impact in the Huntington County community.

The foundation utilizes its unrestricted Community Impact funds to award Huntington County teachers Classroom Education Grants and to award Make a Difference Grants to non-profits serving Huntington County. One half of the Lilly Endowment Phase VI Matching Grant of $500,000 was divided among 12 local non-profits for their specific community projects with the remaining $250,000 used to match unrestricted donations to the foundation from individuals as well as businesses.

“2016 marks the Huntington County Community Foundation’s 25th Anniversary,” remarked Michael Howell, executive director of HCCF. “Huntington County residents and businesses were very supportive during the Lilly Endowment Phase VI Matching Grants program and we would like to maintain that philanthropic momentum by announcing our own matching grants program. HCCF will match dollar-for-dollar every donation to our Community Impact Unrestricted Fund or other named unrestricted funds until we have matched $250,000.”

Shown in the photo, back row from left are Michael Howell, executive director, HCCF; Dr. Adam Drummond, principal of Lincoln Elementary; Stacia McElhaney, 3rd grade teacher; Michael Zahn, president and CEO of First Federal Savings Bank; and Stefanie VerBryck and Jo Keller, both third grade teachers.