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Community Foundation of Muncie & Delaware County
Founded in 1985, the Community Foundation of Muncie & Delaware County grew from a novel philanthropic concept into a durable institution anchored by early...
Community Foundation of Muncie & Delaware County
Founded in 1985, the Community Foundation of Muncie & Delaware County grew from a novel philanthropic concept into a durable institution anchored by early backing from the Ball family foundations. Its donor-advised funds and permanently endowed assets — now exceeding $88 million — underwrite a grantmaking range that covers education scholarships, health and human services, arts and culture, and neighborhood revitalization within Muncie and Delaware County. The foundation deploys capital through a blend of annual grant cycles, donor-advised distributions, and initiatives such as the Micro Business Loan Program. Its investment posture is endowment-style — a diversified portfolio spanning public equities, fixed income, natural resources, and private-market commitments that include venture capital, buyout, and distressed debt funds of funds. Lilly Endowment Inc. acts as a structural partner through the Giving Indiana Funds for Tomorrow (GIFT) program, providing matching grants that leverage local dollars. The foundation operates from a single office at 302 E. Jackson Street in downtown Muncie, with Casey Stanley serving as Board Chair alongside President & CEO Marcy Minton. It holds membership in the Council on Foundations, Indiana Philanthropy Alliance, and PEAK Grantmaking. In 2025, the foundation participated in the GIFT VIII matching-grant initiative, continuing a multi-decade partnership with Lilly Endowment that amplifies local endowment growth. Where peers in the community-foundation sector often cover multiple counties, CFMDC’s mandate binds it tightly to Muncie and Delaware County. That geographic constraint forces a concentrated investment theses: every grant dollar lands inside a defined, observable radius. The Ball Brothers Foundation and George and Frances Ball Foundation operate alongside it as separate philanthropic entities, creating a dense, family-rooted funding layer that is unusual for an Indiana city of 65,000 residents.
General information
Firm type
Endowment / Foundation
Year founded
1985
AUM
$88M – $93M (Altss estimate)
Location
Region
North America
Country
United States
City
Muncie
Corporate office
302 E. Jackson Street, Muncie, IN 47305, United States
Principals
Marcy Minton
President & CEO
Casey Stanley
Chair of the Board of Directors
Sector focus
Frequently asked questions
Who runs investment and grantmaking decisions at the Community Foundation of Muncie & Delaware County?
Marcy Minton serves as President & CEO, responsible for overall strategy including investment oversight and grant programs. The Board of Directors, chaired by Casey Stanley, provides governance and fiduciary oversight. The foundation's professional staff manages day-to-day grant cycles and donor relationships.
How is the foundation's investment portfolio structured?
The foundation manages an endowment-style portfolio spanning public equities, fixed income, and alternative assets. Altss-tagged strategies include buyout, venture capital, distressed debt, natural resources, and fund-of-funds. Investment management is handled through external managers and commingled vehicles, not direct principal investing.
What is the relationship between the Community Foundation and the Ball family foundations?
The Ball Brothers Foundation and the George and Frances Ball Foundation are separate, family-rooted philanthropies that co-locate in Muncie. They operate as collaborative partners alongside CFMDC in the local Funders Forum, but the Community Foundation functions independently as a donor- and community-driven public charity, not a Ball family office.
How does Lilly Endowment's GIFT initiative shape the foundation's growth?
GIFT (Giving Indiana Funds for Tomorrow) provides matching grants that multiply locally-raised endowment dollars. CFMDC participated in the most recent GIFT VIII phase, using the matching structure to incentivize donor contributions and sustainably grow grantmaking capacity without diluting its community-controlled governance.
Does the foundation make loans or only grants?
In addition to standard grantmaking, CFMDC operates a Micro Business Loan Program that provides capital to small enterprises in Muncie. The foundation also manages commercial real estate — including its downtown office at 302 E. Jackson Street — as part of its broader asset base, though real estate represents a minor component of total holdings.
What geographic area does the foundation serve, and are any grants made outside it?
CFMDC's mandate is restricted to Muncie and Delaware County, Indiana. All grants and scholarships — exceeding $3 million annually — are directed to organizations and students within that border. There is no programmatic activity outside the county.
How can a donor establish a fund or contribute to existing endowments?
Donors can open donor-advised funds, designated funds, scholarship funds, or unrestricted community endowment funds with the foundation. The minimum initial contribution varies by fund type; CFMDC staff assists with asset transfer, charitable intent documentation, and legacy planning. Contributions are tax-deductible to the extent allowed by law.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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