· Public charity
Independent Colleges of Indiana Inc
The Independent Colleges of Indiana (ICI) advances and strengthens the competitive standing of its 29 member independent, nonprofit, regionally accredited, degree granting colleges and universities.
Read this first · the figures below need context
89% of Independent Colleges of Indiana Inc’s FY2025 grant dollars went to Central Indiana Community Foundation Inc, not to grantees.
Its money now reaches organizations through that sponsor, which does not report who recommended each grant. FY2025 names 10 organizations directly, so a portfolio cannot be read from it.
Organizations named directly on the return
Amber years are those where most dollars went to a sponsor.
What you funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year — across FY2017–2025.
Where the money goes
Your grants by size, and where they go.
The 76 grants below total $1,570,000 — the rows itemised in this filing. The $23,043,593 headline is the total grant expense reported on the return, so the remaining $21,473,593 is giving the schedule does not break out: grants under the $5,000 itemisation floor, grants to individuals, and grants reported on other schedules. Every figure below describes the itemised rows only.
By grant size · FY2025
- $10k–50k72 grants · $1.2M
- $50k–250k4 grants · $390k
| Recipient | Amount |
|---|---|
| Central Indiana Community Foundation | $160,000 |
| Community Foundation Alliance | $120,000 |
| Legacy Foundation Inc | $60,000 |
| Community Foundation of Greater Fort Wayne | $50,000 |
| Community Foundation of Howard County | $40,000 |
| Community Foundation of St Joseph County Inc | $40,000 |
| Community Foundation of Southern Indiana Inc | $40,000 |
| Community Foundation of Greater Lafayette | $40,000 |
| Wabash Valley Community Foundation Inc | $40,000 |
| Johnson County Community Foundation Inc | $30,000 |
| Community Foundation of Elkhart County | $30,000 |
| Northern Indiana Community Foundation Inc | $30,000 |
| Hendricks County Community Foundation Inc | $30,000 |
| Porter County Community Foundation | $30,000 |
| UNIVERSITY OF SAINT FRANCIS | $25,000 |
Do your dollars go where the need is?
Each grant placed by the hardship in its grantee’s ZIP, then read against the area’s typical level.
Dollar for dollar, your grants (FY17–25) land where the poverty rate runs at 13%, against an area that typically sits at 11%. 73% of your dollars go to grantees based in above-average-need neighborhoods. Most of your grants land in higher-need ZIPs.
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty linein the grantee’s ZIP, averaged from the tracts in that ZIP; grantee ZIP can differ from where services are delivered.
US grants placed by each grantee’s ZIP, which can differ from where services are actually delivered. Need from public data — U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA — shown as context about the area, never attributed to your giving.
Who you back again
Which organizations you funded more than once, and which you funded a single time. Each grantee is matched to its own filings.
And the relationships you keep tend to grow: grantees you re-up on have seen median revenue of +173% since the first grant, against +10% for the ones you funded once.
8 repeat relationships — 7 still active in FY2025, 1 since wound down; 3 grantees were first funded in FY2025 (too recent to call).
How the two cohorts compare
Organizations
Total granted
Median revenue growth · since first grant
Still filing today
New vs renewed · share of each year
In FY2025, 58% of grant dollars renewed an existing relationship; $75k went to new ones.
Where new relationships form · theme of each grantee’s first grant
First-time = a grantee’s first year in your filing window; renewed = funded in an earlier year too. As a portfolio matures the renewed share naturally climbs — once funded, an org stays “renewable” — so the signal is the years that buck it (a new-grantee intake wave). The earliest year is left-censored: relationships that predate the data read as “new.” Theme is the grantee’s IRS cause.
Backed again, and grew
- HFHERITAGE FUND SUPPORTING FOUNDATION INC9× · 2017–2025 · $124k · revenue +39% · 91% of their budget
- GCGREENE COUNTY FOUNDATION INC9× · 2017–2025 · $62k · revenue ×11
- UCUNION COUNTY FOUNDATION INC9× · 2017–2025 · $62k · revenue +173%
Funded once
- ICINDIANA CPA SOCIETY INCone grant, 2020 · $116k · revenue -17%
- FCFranklin College of Indianaone grant, 2024 · $25k · revenue +5%
- UOUNIVERSITY OF EVANSVILLEone grant, 2024 · $21k · revenue +10%
Repeat = funded in two or more distinct years; growth and survival are read from each grantee’s own subsequent IRS filings.
The map has a center of gravity: the average direction from the rest of the sector toward the organizations the foundation funds — the shape of its giving. Scoring every nonprofit along that direction surfaces the ones that look most like the portfolio. These are the closest matchesthat aren’t grantees — a resemblance in what they say they do, not a recommendation.
To build a stronger fayette county by inspiring charitable giving, supporting nonprofits, and nurturing positive community impact.
To mobilize people, ideas, and investments to make this a community where all individuals have equitable opportunity to reach their full potential - no matter place, race or identity.
Meet the changing needs of our community by fostering a culture of local philanthropy and to provide support to public charitable organizations.
The community foundation responds to the changing needs of the community by making grants to local nonprofit organizations, awarding scholarships to help local students, working together with donors to build community endowment and…
Connecting communities who care with causes that matter to support sustainable change. to be the trusted leader of charitable giving; supporting donors, nonprofit organizations, and our communities.
The greater cedar rapids community foundation (the community foundation) partners with donors, funders, and other community collaborators to achieve high-impact philanthropy, supports nonprofit organizations that address our community's…
The mission of the Montgomery County Community Foundation (MCCF) is to provide leadership in Montgomery County by directing sustainable financial resources that strengthen our community and improve the quality of life for current and…
Jcf connects people, ideas, and resources to build a future of opportunity for all in jefferson county.
To mobilize people, ideas and investment to make this a community where every individual has equitable opportunity to reach their full potential - no matter place, race or identity. (continued on schedule o)
To connect donors with their charitable giving priorities, serve as a resource for local nonprofit organizations and provide leadership to the community.
The community foundation is a philanthropic organization that manages charitable funds with a broad base of donors to benefit the areas of western tennessee, eastern arkansas, and northern mississippi. since 1969, the community foundation…
The community foundation of greater dubuque grows philanthropy to improve life in northeast iowa by serving donors, strengthening nonprofits and leading collaborative initiatives to address community needs.
For reference, the grantee most central to the portfolio’s shape is Community Foundation of Grant County Indiana Inc and the most unlike its peers is The Corporation of Saint Mary's College Notre Dame. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
Your grantees are a median of 34 years old; the field is 20. You back the established end — and your money leans older still.
The field is 19% startups (under 5 years old) — 0% of your grantees by number, and just 0% of your money.
The orgs you fund almost never close — 0.0% lost their exemption, against 10% of the field you don’t fund.
Age = years since IRS exemption (a founding proxy). “Closed” = auto-revocation for 3 years of non-filing — a floor on closure, not proof, and bigger established orgs lapse least. Association, not causation.
77 grantees tracked through their own filings, 2017–2025.
Each one resolved to its own IRS returns and tracked year by year — your grant beside their revenue from every source. Association, dated; never a causal claim.
Counted here: distinct organizations you funded across 2017–2025, not grant rows in a single year — so this will not match the grant count on the cover. 77 of the 82 grantees resolved in that span have returns of their own we could reconcile; the rest are funded organizations whose filings we could not track year by year.
Where your money sits — by cause, then by grantee
Each org by its size and your share of it — top-left is where you’re load-bearing
Go grantee by grantee — a decade per org, and how each moved after you funded them
A decade per grantee — revenue shaded, your grants as bars, all rows on one timeline.
- Who funds Central Indiana Community Foundation Inc ↗
- Who funds COMMUNITY FOUNDATION ALLIANCE INC ↗
- Who funds LEGACY FOUNDATION INC ↗
- Who funds COMMUNITY FOUNDATION OF GREATER FORT WAYNE INC ↗
- Who funds COMMUNITY FOUNDATION OF WABASH COUNTY INC ↗
- Who funds HENDRICKS COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds COMMUNITY FOUNDATION OF ST JOSEPH COUNTY INC ↗
- Who funds GREATER LAFAYETTE COMMUNITY FOUNDATION ↗
- Who funds NORTHERN INDIANA COMMUNITY FOUNDATION INC ↗
- Who funds COMMUNITY FOUNDATION OF HOWARD COUNTY ↗
- Who funds COMMUNITY FOUNDATION OF SOUTHERN INDIANA INC ↗
- Who funds COMMUNITY FOUNDATION OF ELKHART COUNTY INC ↗
- Who funds PORTER COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds JOHNSON COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds HERITAGE FUND SUPPORTING FOUNDATION INC ↗
- Who funds JASPER NEWTON FOUNDATION INC ↗
- Who funds COMMUNITY FOUNDATION PARTNERSHIP INC ↗
- Who funds COMMUNITY FOUNDATION OF BOONE COUNTY INC ↗
- Who funds COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY INC ↗
- Who funds UNITY FOUNDATION OF LA PORTE COUNTY ↗
- Who funds MADISON COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds KOSCIUSKO COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds COMMUNITY FOUNDATION OF HANCOCK COUNTY INC ↗
- Who funds COMMUNITY FOUNDATION OF GRANT COUNTY INDIANA INC ↗
- Who funds COMMUNITY FOUNDATION OF MORGAN COUNTY ↗
- Who funds THE COMMUNITY FOUNDATION OF MUNCIE AND DELAWARE COUNTY INC ↗
- Who funds INDIANA CPA SOCIETY INC ↗
- Who funds WESTERN INDIANA COMMUNITY FOUNDATION INC ↗
- Who funds WAYNE COUNTY INDIANA FOUNDATION INC ↗
- Who funds DEARBORN COMMUNITY FOUNDATION INC ↗
- Who funds DEKALB COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds LAGRANGE COUNTY COMMUNITY FOUNDATION ↗
- Who funds BLUE RIVER FOUNDATION INC ↗
- Who funds THE PORTLAND FOUNDATION INC ↗
- Who funds ORANGE COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds MARSHALL COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds GREENE COUNTY FOUNDATION INC ↗
- Who funds HARRISON COUNTY COMMUNITY FOUNDATION INC ↗
- Who funds STEUBEN COUNTY COMMUNITY FOUNDATION ↗
- Who funds CASS COUNTY COMMUNITY FOUNDATION INC ↗
The grantmakers whose grantees overlap with yours far more than size alone predicts. Each orbits closer the stronger the alignment; the arcs between them show where they also fund each other. Here it reads as a tightly interlocked camp — most of these funders back each other's grantees too.
Open a dossier: Lilly Endowment Inc · Indiana Philanthropy Alliance Foundation Inc · Indiana Philanthropy Alliance Inc · Aws Foundation Inc · Early Learning Indiana Inc · Duke Energy Foundation · First Financial Foundation · Regional Opportunity Initiatives Inc · Wabash County Young Mens Christian Association Inc · Baird Foundation Inc · Northwest Central Indiana Community Partnerships Inc · Nisource Charitable Foundation
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. A research starting point: overlap is association, not proof of shared intent.
Government reliance of your grantees
Every dot is one organization Independent Colleges of Indiana Inc funds. Left–right is the share of its income from government; up–down is the share from you. Bigger dots raise more. Filter to federal or a single department — and drag the year to watch it move.
Government income is each org’s traced federal awards (USASpending — grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that your grant caused the public funding. Coverage is precision-first — a floor, not a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12–24 months.