Evansville Endowment Fund

The Evansville Endowment Fund Grant Cycle is open!

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Over $560 K Awarded to 21 Nonprofits Serving Evansville

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Investing in Our City's Nonprofits

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.


The Community Foundation Alliance, Inc. administers the Evansville Endowment Fund as a supporting organization, with annual earnings used for grantmaking.  Funding is focused on capital projects for nonprofits serving within the City of Evansville. The Evansville Endowment Fund has a separate board of directors responsible for governance and grantmaking decisions.


Greater Good Forever

What started with a $5M gift has grown to over $10M while granting $6.3M since the fund's inception, making the total philanthropic impact of the Evansville Endowment Fund over $16M.


Evansville Endowment Fund grants are specifically designated for capital projects. When the  Evansville Endowment Fund was established, it allocated sixty percent (60%) of grantmaking to benefit the 4th and 6th wards of the City of Evansville.  These wards also have representation on the Evansville Endowment Fund's board.


Make a Difference Where it Matters

The Community Foundation exists to help caring people like you give back to the causes and community you care about most. We make giving easy and effective. You can give cash, stocks, property, bequests and other assets. You may establish a charitable fund in your name or in the name of a loved one. You can focus your gift on the causes that move you: enrich education, safeguard health, improve neighborhoods, cultivate arts, protect environment, strengthen families.

Invest in the Future of the Community You Love

You can make a gift that lasts forever and establishes your legacy of giving. The Community Foundation offers the power of endowment, where a portion of your fund is invested so that it can grow over time. Earnings from this investment are used to make grants that benefit this community forever. Your gift creates a lasting stream of funding available for community good.

Create Greater Good Together

Powered by generous donors, local leaders, and steadfast partners, the Community Foundation builds on the collective strength of this county to make life better here. We multiply the impact of each individual gift by investing them together for maximum return and impact. We invite everyone to join us in building a strong community.

By the Numbers

Financially audited and compiled data from our most recent fiscal year.

For a full report, review our FY21 At A Glance.

Grants

$512K

Total grants awarded to nonprofits through our annual grant cycles and distribution

Assets

$9.5M

Total assets providing a sustainable charitable resource for our community

By the Numbers

Financially audited and compiled data from our most recent fiscal year.

Grants

$490K

Total grants awarded to nonprofits through our annual grant cycle

Assets

$9.5M

Total assets providing a sustainable charitable resource for our city

Recent News

By Eve Baughman May 6, 2026
The Evansville Endowment Fund is now accepting Letters of Inquiry for capital projects that benefit nonprofits serving within the city of Evansville. The Fund’s mission is to support nonprofit organizations serving the Evansville community. In 2025, the Fund awarded over $560,000 in grants to 21 local nonprofits. Eligible applicants must be nonprofit organizations recognized as tax-exempt under Internal Revenue Code sections 501(c)(3) and 509(a). All proposed projects must take place within Evansville. At least 60% of grant funding will be directed toward activities that support or benefit the city’s 4th and 6th wards. Capital project proposals may include: Social and community-based organizations for the acquisition, construction, and renovation of permanent facilities used in the provision of services and activities Arts and cultural activities, for the construction or renovation of facilities that promote the arts, culture, and/or tourism Recreation activities, for the construction and renovation of parks, playgrounds, and other public recreational facilities that are designed for public participation Neighborhood revitalization, for the acquisition of property that is blighted, appropriate for rehabilitation, or what is needed to be used for the development of housing for low to moderate-income persons Economic development projects, for any project that will augment, supplement, or replenish existing municipally operated loan programs in pursuit of new economic development opportunities Qualified organizations are invited to submit a Letter of Inquiry by June 3, 2026, via the online Letter of Inquiry form.
By Eve Baughman February 26, 2026
The Evansville Endowment Fund (EEF) recently announced total grant awards of more than $560,000 to assist 21 nonprofits in Evansville. Grants are designated for capital improvement projects, with a requirement that at least 60% of grant funding will be directed toward activities that support or benefit the city’s 4th and 6th wards. 2025 Grant Recipients $45,827 awarded to Evansville Association for the Blind to replace the HVAC unit serving the accounting and classroom areas and the adaptive technology lab $35,000 awarded to Evansville Christian Life Center for the purchase and installation of a new loading dock, stairs, overhang, and basement door $25,000 awarded to Evansville African-American Museum Inc. to construct a paved parking area for museum visitors $35,000 awarded to Evansville Museum of Arts, History, & Science to purchase and install a new chiller $20,000 awarded to ECHO Housing Corporation to support the renovation of Meena's Place transitional housing residence for women to create four shared living units $19,210 awarded to Easterseals Rehabilitation Center to replace and expand concrete surfaces at Fuquay Group Home $20,000 awarded to Community Action Program of Evansville & Vanderburgh County, Inc. to assist with renovations of the CAPE Place playground $25,000 awarded to Community One to restore two vacant, dilapidated residential properties in Evansville’s 4th Ward $15,460 awarded to Dream Center Evansville to assist with preventative maintenance on the parking lot, including crack sealing, two-coat sealcoating, restriping/markings, and installing speed bumps at key conflict points $25,000 awarded to Jacob's Village to remove and repave the deteriorated nature trail, construct a 600-foot connector loop to improve accessibility to residents’ homes, install maintenance-free benches, add native landscaping, and install handmade, weather-resistant birdhouses $20,000 awarded to JD Sheth Foundation, Inc. to remove and replace the existing fence around Caldwell Park $25,000 awarded to Junior Achievement of Southwestern Indiana to purchase and install headend equipment for storefront control at the new JA Discovery Center $15,057 awarded to Lampion Center to purchase and install automatic door openers, lower the reception counter, and widen a therapy office door $17,476 awarded to The Gathering Church/Restore Outreach to purchase a mobile, heated holding and proofing cabinet and a gas convection oven $55,974 awarded to The Arc Evansville to replace the rooftop HVAC unit $40,800 awarded to The Potter's Wheel, Inc. to replace roof of the main building $17,697 awarded to Southwestern Healthcare, Inc. to replace two HVAC units $36,000 awarded to Vanderburgh County CASA for the inspection, preparation, and resealing of all exterior doors and windows, repair of damaged glass and drainage system, and the application of weather-resistant materials to prevent further damage $35,000 awarded to Vanderburgh Humane Society, Inc. to replace two boilers $8,195 awarded to WNIN Tri-State Public Media, Inc. to repaint exterior architectural features of the WNIN building and remove a large tree obstructing a parking lot security light $25,000 awarded to YWCA of Evansville to assist with the renovation of an outdated bathroom into an ADA-compliant facility
By Eve Baughman May 9, 2025
The Evansville Endowment Fund is now accepting Letters of Inquiry for capital projects that benefit nonprofits serving within the city of Evansville. The Fund’s mission is to support nonprofit organizations serving the Evansville community. In 2024, the Fund awarded more than $505,000 in grants to 23 local nonprofits. Eligible applicants must be nonprofit organizations recognized as tax-exempt under Internal Revenue Code sections 501(c)(3) and 509(a). All proposed projects must take place within Evansville. At least 60% of grant funding will be directed toward activities that support or benefit the city’s 4th and 6th wards. Capital project proposals may include: Social and community-based organizations for the acquisition, construction, and renovation of permanent facilities used in the provision of services and activities Arts and cultural activities, the construction or renovation of facilities that promote the arts, culture, and/or tourism Recreation activities, the construction and renovation of parks, playgrounds, and other public recreational facilities that are designed for public participation Neighborhood revitalization, the acquisition of property that is blighted, appropriate for rehabilitation, or what is needed to be used for the development of housing for low to moderate-income persons Economic development projects, any project that will augment, supplement, or replenish existing municipally operated loan programs in pursuit of new economic development opportunities Qualified organizations are invited to submit a Letter of Inquiry by June 4, 2025, via the online Letter of Inquiry form.
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