Community Foundation of Southern

NEW ALBANY, IN EIN: 35-1827813 Website

The Community Foundation of Southern Indiana (CFSI) is a tax-exempt public charity and community foundation established in 1991. Based in New Albany, Indiana, the organization serves as a partner, resource, and steward for philanthropy in the region. CFSI holds over 240 individual funds created by individuals, families, businesses, and nonprofit organizations, providing a structure for donors to support charitable objectives in flexible and meaningful ways.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$149.1M

+9.4% YoY

Annual Giving

$5.6M

-2.7% YoY

Grant Count

-1.9% YoY

Avg Grant Size

$107K

-0.8% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Mission Statement: To build enduring charitable resources used to positively impact the community by:

Serving as a partner and resource for donors, their advisors, and area nonprofits
Making it simple for donors to fulfill their individual goals in giving back
Providing stewardship of donor gifts and charitable intent for generations to come
Fulfilling a leadership role on important community issues

Vision Statement: To be the partner and trusted resource for philanthropy in the community, providing stewardship of charitable intent so the impact of generosity will last for generations.

Core Values:

Integrity/Ethical Behavior
Stewardship
Excellence
Passion
Leadership
Donor Service

Primary Focus Areas: Funds are used to assist and benefit people in Clark and Floyd Counties through support of health, education, cultural, civic, and recreational programs.

Grantmaking

The year-round program focuses on improving organizations' operating capacity to continue providing essential services. Capacity building grants allow organizations to highlight their vision and strategic planning efforts to grow and sustain operations, representing a continuous improvement strategy toward creating sustainable and effective organizations.

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Geographic Focus

Where this funder awards grants

The Community Foundation of Southern Indiana serves Clark and Floyd Counties in Southern Indiana, with additional support extending to Martin, Lawrence, and other counties in the region through designated fund distributions.

Grant Distribution by State

Indiana $21.1M (95%)

Kentucky $800K (4%)

Ohio $176K (1%)

Arizona $90K (0%)

Washington $85K (0%)

Missouri $55K (0%)

North Carolina $5K (0%)

States

Arizona Indiana Kentucky Missouri North Carolina Ohio Washington

Cities

BedfordBooneBordenCarmelCharlestownCincinnatiClarksvilleColumbusCorydonElizabethtownFloyd KnobsFloyds KnobsGeorgetownGreenvilleGreenwoodIndianapolisJeffersonvilleKansas CityKirklandLexington

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $149,140,581
Total Revenues: $10,518,355
Total Expenses: $8,192,660
Funds Managed: Over 240 individual funds

Historical Context: The foundation was established in 1991 with nearly $1 million in initial funding and a handful of funds, supported by a group of Southern Indiana residents and funds from the Indianapolis-based Lilly Endowment Inc.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$149,140,581	$136,303,600	$128,848,099
Revenue	$10,518,355	$4,123,125	$8,060,969
Expenses	$8,192,660	$8,013,145	$7,978,338
Qualifying Distributions	—	—	—
Net Investment Income	$4,827,247	$3,120,026	$6,649,810
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

250 grants across all recorded years

Open Grants

8 open opportunities from Community Foundation of Southern

Show all 8 →

Foundation

Capacity Building Grant

COMMUNITY FOUNDATION OF SOUTHERN

Amount

US $5,000 - US $25,000

Deadline

Rolling / Open

Foundation

CFSI Education Fund Scholarship Grant

COMMUNITY FOUNDATION OF SOUTHERN

Amount

US $2,000

Deadline

Rolling / Open

Foundation

CFSI Health Careers Scholarship

COMMUNITY FOUNDATION OF SOUTHERN

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Floyd County Treasurer ($3,993,928), Community Foundation Partnership Inc ($489,709), Friends of Open Door Youth Services ($166,000).

Recipient	Purpose	Amount
FLOYD COUNTY TREASURER NEW ALBANY, IN	GENERAL SUPPORT	$3,993,928
COMMUNITY FOUNDATION PARTNERSHIP INC BEDFORD, IN	DESIGNATED FUND DISTRIBUTION FOR MARTIN COUNTY, INDIANA	$489,709
FRIENDS OF OPEN DOOR YOUTH SERVICES NEW ALBANY, IN	CAPACITY BUILDING GRANT AND TRANSPORTATION/FACILITY UPGRADES	$166,000
TOWN OF BORDEN BORDEN, IN	QUALITY OF PLACE GRANT	$150,000
ALIGN SOUTHERN INDIANA INC NEW ALBANY, IN	GENERAL SUPPORT	$54,000
IMPACT 100 SOUTHERN INDIANA INC NEW ALBANY, IN	GENERAL SUPPORT	$46,703
ANGELCARE INC GREENWOOD, IN	GENERAL SUPPORT	$35,000
METRO UNITED WAY INC LOUISVILLE, KY	SUPPORT FOR METRO UNITED WAY'S EXEMPT ACTIVITIES	$32,238
OUR LADY OF PERPETUAL HELP CHURCH NEW ALBANY, IN	GENERAL SUPPORT	$31,760
OHIO STATE UNIVERSITY FOUNDATION COLUMBUS, OH	GENERAL SUPPORT	$31,250

Leadership & Key People

Leadership team and compensation from IRS filings

Principal Officer: Ms. Linda Speed

Staff: The organization employs 10 staff members (as of 2024).

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REGINA BECKMAN	BOARD MEMBER	2	—
RICH BOLING	BOARD MEMBER	2	—
MELISSA FRY	BOARD MEMBER	2	—
ERIC HOWARD	BOARD MEMBER	2	—
MIKE JOHNSON	BOARD MEMBER	2	—
AMY NEWBANKS LETKE	BOARD MEMBER	2	—
GREG NASH	BOARD MEMBER	2	—
LINDSEY NEELY	BOARD MEMBER	2	—
DAVID REINHARDT	BOARD MEMBER	2	—
JESSICA CARROLL	CHAIR	5	—
D KEITH PULLIAM	VICE CHAIR	2	—
S BUTCH SHAW	TREASURER	2	—
SCOTT WATERS	SECRETARY	2	—
SHARON HANDY	PAST CHAIR	2	—
LINDA SPEED	PRESIDENT/CEO	40	$221,296

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Community Foundation of Southern fund?

**Mission Statement:** To build enduring charitable resources used to positively impact the community by: • Serving as a partner and resource for donors, their advisors, and area nonprofits • Making it simple for donors to fulfill their individual goals in giving back • Providing stewardship of donor gifts and charitable intent for generations to come • Fulfilling a leadership role on important community issues **Vision Statement:** To be the partner and trusted resource for philanthropy in the…

How do I apply for a grant from Community Foundation of Southern?

**Grant Programs:** • Capacity Building Grant Program • Community Assist Grants • Quality of Place – Pathways to Progress Grant Program • Emergency Grants • Youth Philanthropy Council Grants **Recent Grant Activity (2024):** • Total grants distributed: $1,305,474+ (38 grants documented) • Notable grants include: • Lawrence County Community Foundation and Martin County Community Foundation: $489,709 (Designated Fund Distribution for Martin County) • Friends of Open Door Youth Services: $166,000 …

Where does Community Foundation of Southern make grants?

What size grants does Community Foundation of Southern award?

In 2024, Community Foundation of Southern awarded 52 grants totaling $5.6M — an average of about $107K per grant, based on its IRS Form 990 filings.

What is Community Foundation of Southern's EIN?

Community Foundation of Southern's EIN (Employer Identification Number) is 35-1827813. IRS Form 990 filing data is available on this page for 2020–2024.