Community foundation · EIN 26-0074023
Benton Community Foundation Inc
Fowler, IN
Benton Community Foundation Inc is a community foundation based in Fowler, IN. On its Form 990 (Schedule I) for tax year 2024, it reported $291K in grants paid across 63 grants, with $11.2M in total assets. Its largest grants went to Town of Otterbein, Benton Community School Corporation and Community Food and Service Co-Op.
How to request funding
Community foundations usually run open grant rounds for nonprofits in their area, alongside donor-advised funds that donors direct. Check Benton Community Foundation Inc's website for current grant opportunities, deadlines and eligibility.
How it makes and monitors grants (Schedule I, Part IV)
Grants to organizations once approved by the board of directors, grantees are notified of their award and asked to sign a grant agreement form. grants to registered charitites, educational, or governmental entities are disbursed payment immediately. grant to all other entities are reimbursed for grant-related expenses once they present invoices to the foundation. all grant recipients are required to submit a final report, detailing grant-related income and expenses, at the conclusion of the grant term or project, whichever comes first. this report is verified by the director to verify all awarded funds were used in accordance with the grant agreement. grants/scholarships to individuals once approved by the board of directors, scholarship recipients are notified of their award(s). they are asked to complete, and return to the foundation, a scholarship agreement form outlining the terms of the award. to receive payment, recipients must forward their most recent tuition bill to the foundation. the foundation then submits payment of their award directly to the higher education institution to be applied to the recipient's account. in some instances, students' scholarship awards exceed the amount due to their institution. these students are allowed to submit a request, including proof of purchase, to be reimbursed for textbooks and other required supplies they have purchased. these checks are made payable directly to the student. scholarship payments may be made to students college
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
The mission of benton community foundation is to enhance the quality of life in benton county through civic leadership, philanthropy, and charitable economic development initiatives.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Town of Otterbein | Otterbein, IN | Health and Wellness | $40,000 |
| Benton Community School Corporation | Fowler, IN | Reading & Writing | $25,665 |
| Community Food and Service Co-Op | Oxford, IN | Food Service | $15,000 |
| Discover Oxford Indiana Inc | Oxford, IN | Gas Station Project | $10,500 |
| Boswell-Grant Twp Fire Dept | Boswell, IN | Agency Mission | $10,000 |
| Benton Central Caap | Fowler, IN | Agency Mission | $6,500 |
| Earl Park Public Library | Earl Park, IN | Project Funds | $5,631 |
The 7 largest of 63 grants listed on the return. 56 grants to individuals ($100K) are counted but not named. Names and purposes as reported to the IRS.
Where its grants went
Quick answers
Does Benton Community Foundation Inc accept grant applications?
Community foundations usually run open grant rounds for nonprofits in their area, alongside donor-advised funds that donors direct. Check Benton Community Foundation Inc's website for current grant opportunities, deadlines and eligibility. Form 990 does not report an application process, so confirm with the organization.
How much does Benton Community Foundation Inc give each year?
For tax year 2024, it reported $291,074 in grants paid (63 grants). Giving can change from year to year.
What organizations has Benton Community Foundation Inc funded?
Its largest grants in tax year 2024 went to Town of Otterbein (IN), $40K, Benton Community School Corporation (IN), $25.7K, Community Food and Service Co-Op (IN), $15K, Discover Oxford Indiana Inc (IN), $10.5K and Boswell-Grant Twp Fire Dept (IN), $10K.