Indiana Michigan Power donates $25,000 for riverfront development project

| December 21, 2015

FORT WAYNE—The Community Foundation of Greater Fort has received a donation in the amount of $25,000 from Indiana Michigan Power to support the City of Fort Wayne’s riverfront development efforts. Under the terms of Lilly Endowment Inc.’s matching program—termed Giving Indiana Funds for Tomorrow (GIFT), Phase VI—the Endowment will provide a 50 percent match that will bring the total value of the donation to $37,500.

“The Community Foundation is extremely grateful for the donation from Indiana Michigan Power,” said David Bennett, executive director of the Community Foundation. “We believe Riverfront Fort Wayne will be a tremendous asset to our community, both improving the quality of life and promoting regional tourism, among other economic benefits.”

Since announcing the GIFT VI Lilly Endowment matching program for riverfront development gifts earlier this year, the Community Foundation has taken a lead in raising private dollars for the project, pledging to raise $3 million by March 31, 2016. The donation from Indiana Michigan Power brings the Community Foundation one step closer to reaching the $3 million goal. Money raised at this stage will be used for riverfront cleanup and restoration, permitting, site preparation for future development, and the design and construction of a promenade.

“Indiana Michigan Power is proud to serve the people and businesses of Northeast Indiana.  As the hometown energy provider, we are excited about the momentum this project has and are pleased to partner with the community in promoting efforts to make Fort Wayne an even greater place to live, work and play,” said Paul Chodak, I&M president and chief operating officer.

Established in 1922, the Community Foundation of Greater Fort Wayne is a public, charitable foundation serving Allen County. The Community Foundation had assets of more than $143 million as of Dec. 31, 2014, and awarded $4.9 million in charitable grants and scholarships in that year. The Community Foundation of Greater Fort Wayne exists to serve as a community leader to improve the quality of life by building permanent endowments, promoting effective grantmaking, fostering philanthropy, stimulating community dialogue, and helping donors achieve their charitable goals.

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Category: Community, Local

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Frost Illustrated is Fort Wayne's oldest weekly newspaper. Your Independent Voice in the Community, featuring news & views of African Americans since 1968.

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