IMPACT Central Indiana

What if the capital you gave to an organization could be recycled and the impact spread amongst multiple efforts? This is social-impact investing, and it’s the idea behind IMPACT Central Indiana.


Rather than making a one-time payment to an organization, these investments support both for-profit and not-for-profit organizations that benefit the community and the economy. Think of it as recycling philanthropy. Social impact investments can earn interest and may return the initial investment and later be reinvested into future endeavors. 

IMPACT Central Indiana is a multi-member LLC created by Central Indiana Community Foundation, The Indianapolis Foundation, and Hamilton County Community Foundation. Its goal is to facilitate social impact investments into businesses, funds, entrepreneurs and not-for-profit organizations that generate positive and measurable social impact in the community.

Recycling Philanthropy: How it Works

IMPACT-recycling philanthropy illustration

Future investment opportunities are being developed in the following areas:

  • affordable housing
  • inclusive economic growth
  • philanthropic innovation
  • businesses and enterprises led by people of color
  • account holder directed investments

IMPACT Central Indiana is designed to take your philanthropy further. An IMPACT account can be created from an existing donor-advised fund or through new assets. 


Open a fund today

Open a Fund

We're here to help. How would you like to get started?

How would you like to get started?

Great! Let's get started.

Please choose a name for your fund. Ex. Smith Family Fund or John and Jane Smith Fund.
Type of Fund *

Next, tell us who should have access to your fund.

We refer to these individuals as Fund Advisors. You may have up to 2 Fund Advisors for your Fund. Each Fund Advisor will have full and equal privileges with respect to your Fund, but the Primary Fund Advisor will serve as the primary point of contact with CICF

Primary Fund Advisor

Gender
What categories describe the Primary Fund Advisor?
Select all boxes that apply. Note, you may select more than one group.
MM/DD/YYYY format
Enter Email
Confirm Email
Address Type *
Address
Street Address
Building/Apartment/Suite #
City
State/Province
Zip/Postal

Additional Fund Advisor

Gender
What categories describe the Additional Fund Advisor?
Select all boxes that apply. Note, you may select more than one group.
MM/DD/YYYY format
Enter Email
Confirm Email
Is the Additional Fund Advisor's address the same as the Primary Fund Advisor's address?
Please type in the address below.
Address Type *
Address
Street Address
Building/Apartment/Suite #
City
State/Province
Zip/Postal

Initial Fund Information

Are you transferring an existing donor-advised fund to CICF?
How much do you anticipate contributing to start your fund?
CICF is committed to make philanthropy accessible to all. There is no minimum amount required to start your fund, and your fund is not assessed any administrative or investment fees. You will have 24/7 online access to your fund via our donor portal, CICF Connect. You also have access to our effective philanthropy team online help desk with any questions you may have about your grantmaking. We invest your fund in our short-term investment pool, and investment returns, if any, are paid to CICF to help subsidize the cost of your fund. Contact Sarah Weaver at SarahW@cicf.org with any questions about opening your fund.

We'll Contact You

What type of fund are you interested in?

Working with your financial advisor

Do you have a financial advisor that you would like us to work with for your charitable giving? *

Now, tell us how you want your fund invested.

Please select an investment pool. *
Please note: This option is only available for donor-advised funds with a balance of $25,000 or more.

How would you like to contribute to your fund?

Would you like to make a contribution into your fund today with a debit/credit card? *
All new funds started online are “pass-through” funds, meaning that 100% of the fund balance is available for distribution (less fees and expenses). If you are interested in learning more about or starting an “endowed” fund, where distributions are limited to 5% of the fund balance annually, or if you have questions about the distinction between pass-through funds and endowed funds, please contact Sarah Weaver at SarahW@cicf.org.

Finally, how did you hear about us?

How did you find out about the Central Indiana Community Foundation? *
Terms and Conditions:

By clicking “Submit” your application to establish a fund will be submitted to CICF’s development team, and a member of that team will contact you to finalize your fund agreement. In the meantime, you will receive an email that provides more information on how to contribute to your fund.
Any contribution to your fund constitutes an irrevocable contribution to Central Indiana Community Foundation and is not refundable.

Please note that the information provided is general and educational in nature. It is not intended to be, and should not be construed as, legal or tax advice. Central Indiana Community Foundation does not provide legal or tax advice. Consult an attorney or tax advisor regarding your specific legal or tax situation.