Asked Questions (FAQs)
What is a community foundation?
A community foundation is a tax-exempt public charity built on the
concept of people helping people to improve the
quality of life in a particular geographic area. Individuals
establish permanent endowment funds and other types of funds with their
community foundation to help respond to emerging community issues and
Who governs the Dearborn Community
The Foundation's governing board is comprised of up to 20 knowledgeable,
concerned community citizens and volunteers who live in the Dearborn
County community. They represent a cross section of our community and
have different areas of expertise and a diverse knowledge of our
community. The board oversees the management and policies of the
What is the advantage of a community foundation over a private
Community foundations, in addition to being knowledgeable about local
needs, provide an array of services to donors who wish to establish
endowed giving without incurring the administrative and legal costs of
starting and operating a private foundation.
How does the Dearborn Community
Foundation invest fund dollars for growth?
DCF retains an investment manager in which to invest donors' funds,
pending donation to charity. The Foundation’s volunteer Finance &
Investment Committee, made up of individuals with significant experience
in business and finance, works with our staff to regularly evaluate
investment performance to achieve Foundation investment goals. The DCF
board of directors has ultimate responsibility for investment policies
are DCF’s services funded?
The Foundation’s operations are typically funded in one of five
- Gifts to the Foundation’s Operating Endowment Fund (permanent);
- Fundraising events, including the annual DCF charitable golf outing;
- Administrative fees assessed to non-permanent (pass-through)
- Administrative fees assessed to endowment funds (permanent);
- And interest income.
What are the financial benefits and tax
advantages of gifting through DCF?
Donations qualify for the maximum available tax deduction for charitable
contributions in the year when the gift is made.
I would like to give something to my
favorite charity, but I'm not rich. Don't I have to be wealthy to
establish a fund through the Foundation?
No! … Anyone can be a philanthropist. It does not require great wealth,
just a concern or willingness to help others or a particular cause.
Can I give anonymously?
Yes. You can decide whether you want to be recognized for your giving or
to remain anonymous.
Can other people contribute to an
endowment fund I established?
Yes. Some donors suggest to their friends and family that they give to
such funds in honor of a special event, such as a birthday or
anniversary, instead of purchasing a gift.
How can not-for-profit organizations
apply for a grant?
Grant application procedures are listed on the “Grants” page of this
website under “How to Apply.” You may also call the
Program Director at 812-539-4115.
Who is eligible for a grant?
Please see the “Grant Application” and “Guidelines” for DCF grant
programs on the “Grants’’ page of this website. You may also call
the Program Director at 812-539-4115.
Who decides which applications are
Volunteer grants committees, made up of a diverse group of volunteers,
including community leaders and members of the DCF’s Board of Directors,
review grant applications. The grants committees make recommendations to
the board of directors, which makes the final grants decision.