Evansville, Indiana– The City of Evansville Endowment Fund (CEEF) will award a $50,000 grant to the COVID-19 Crisis Response Fund of the Greater Evansville Region. The grant provides financial support for the new fund, which is being managed by the United Way of Southwestern Indiana.
The CEEF is administered by the Community Foundation Alliance and a separate board of directors oversees all CEEF governance and grantmaking decisions. According to Jill Carpenter, President and CEO of the Community Foundation Alliance, the CEEF board of directors’ vote to support the fund shows just how important the effort is to Evansville.
“The CEEF Board is committed to investing in Evansville. This grant supports a community wide response to COVID-19 and the Board believes that is vital to the city’s success. By helping ensure that individuals and families in need are supported during this pandemic, especially vulnerable and at-risk populations, this funding will positively impact the future of the Evansville region.”
The concept of the City of Evansville Endowment Fund (CEEF) originated in 1994, when then-Mayor Frank McDonald II and the City Council proposed that $5 million of gaming boat revenue be invested to serve the City of Evansville forever. The CEEF was subsequently established as a supporting organization of the Community Foundation Alliance, Inc., with annual earnings allowed for grantmaking each year.
The Community Foundation Alliance is comprised of affiliate Community Foundations serving 9 counties throughout southwestern Indiana. Through the establishment of endowed funds created by caring donors to benefit community causes, Alliance affiliates work to improve the quality of life in their counties by distributing a portion of funds’ earnings to local non-profit organizations, in the form of annual scholarships and grants. The Alliance holds more than 1,200 named funds established by individuals, families, businesses, civic groups, and agencies to improve the quality of life in communities throughout southwestern Indiana, with charitable assets over $100 million.