About Us

Overview

The Evansville Endowment Fund originated in 1994, when former Mayor Frank McDonald II proposed that $5 million of revenue from the gaming boat be invested in a way that would serve the City of Evansville forever.

After an extensive study of investment options by the Mayor and the City Council, the decision was made to establish an endowment fund as a “supporting organization” of the Community Foundation Alliance. As a supporting organization, the Evansville Endowment Fund is a distinct legal entity managed by the Alliance, created as a public charity under the Alliance’s umbrella. As such, the Evansville Endowment Fund qualifies for a tax status not granted to private foundations.

Message from the Board President

The Evansville Endowment Fund has been serving the Evansville community for the past 27 years, providing funding to nonprofits for a variety of projects. Last fiscal year, we were able to give $492,172 to 21 charitable organizations. Projects range from construction and renovations of permanent facilities used in the provision of services to neighborhood revitalization.

We have been able to provide funding to many local nonprofits that focus on issues such as affordable housing, youth aging out of the foster system, museum upgrades, reentering society after incarceration, and many other important missions. I would recommend that all nonprofits see if they have projects that may qualify for our annual grant cycle.

The Community Foundation Alliance has been amazing to work with. We have been able to establish an online process for our annual grant cycle. The technology they have access to makes the grant writing and selection process easy for both nonprofits and the grant selection committee. If you are interested in starting an endowment or learning more about smart ways to give, the Community Foundation Alliance is a great place to start. Even though I have only been on the board for a few years, they have made the process enjoyable and fun!

Amber Rascoe

Board President,

Evansville Endowment Fund

Board of Directors

The Evansville Endowment Fund's board of directors is responsible for governance and grantmaking decisions. The Alliance provides management and administrative expertise and services, so board members can focus on making a difference in Evansville through effective grantmaking.