How does Impact 100 work?
Impact 100 awards high-impact grants to nonprofits in the Greater Indianapolis area by:
- Engaging at least 100 women in giving $1000 each year.
- Allowing each woman with a Full Membership or group of 2-4 women in a Shared Membership, a vote in deciding how our grants are awarded.
- Educating members about community issues and the nonprofits that are addressing those issues most effectively.
- Using Focus Area Committees comprised of members who choose to be involved in the grant review process to follow our document processes to choose Finalist nonprofits.
- Awarding at least one annual grant of $100,000 to the Finalist nonprofit who receives the most member votes at the Annual Dinner. One $100,000 grant is given for each 100 memberships. The other Finalists share the residual grant pool (membership donations to the grant pool over $100,000).
Impact 100 Greater Indianapolis is an IRS recognized 501(C)(3) charitable organization. Your donation is tax deductible to the full extent permitted by law.
Why is the required donation set at $1000?
We believe this amount ensures member commitment. It also keeps the cost of raising money for our grants low. To raise $100,000 through smaller donations would mean recruiting many more members at a greater cost. Note that up to four women can share in making a $1000 donation.
You can make your membership donation using our online form at any time.
What is a Shared Membership (also known as a Syndicate)?
While the greatest impact comes from each woman donating $1000, Impact 100 Greater Indianapolis offers Shared Membership (Syndicate) memberships. A Shared Membership allows 2-4 women to pool their money and share a membership. Each Shared Member has full membership rights (serving on committees, attending events, etc.) with the exception of the women in a Shared Membership may cast only one vote at the Annual Dinner, and must agree on how that vote is to be cast.
Before considering a Shared Membership, we would encourage you to review your annual donations and weigh the difference between the multiple organizations you support against making the commitment to help Impact 100 fund a transformational grant, and the opportunity to see your donation have an impact on our community.
Shared Memberships can be made up of family members (sisters, mother/daughter, aunt/niece, etc.), friends, co-workers, or any group of 2-4 women who want to join without the full commitment. We may even be able to help you find other women to create a Shared Membership.
You can learn more about Shared Memberships in our Shared Memberships FAQ.
How can I become a member of Impact 100 Greater Indianapolis?
You may join anytime by going to our Membership Page. Membership donations received by December 31 of any year provides membership through December 31 of the following year and goes into the next year’s grant pool.
What are my obligations if I join?
Only two things are required to be a member: You must be a woman age 21 or older, and you must donate $1000, or be part of a Shared Membership that donates $1000. You are then encouraged to make an informed decision when you vote for a grant recipient, either in person at the Annual Meeting or by absentee ballot. If you would like to be more involved, you may serve on a Focus Area Committee to review and evaluate grant proposals (this year’s FAC meeting schedule can be found here). You may want to attend site visits to some of the nonprofit applicants for the grant. You might decide to join a committee to help plan the Annual Meeting, or brainstorm ideas for telling more women about Impact 100, or think of educational topics to present to our members. The choice is yours as to how involved you become.
What is the timing for becoming a member and awarding a grant?
Members join throughout each calendar year, but no later than December 31. The grant-making process then begins in January, and ends when the grant recipients are determined at the Annual Meeting in June. The amount of money in the grant pool on December 31 determines the grant amounts to be awarded the following June. An Impact grant is given for each $100,000 in the pool, with the residual divided equally among the other finalist organizations.
Is my donation to Impact 100 tax-deductible?
Impact 100 Greater Indianapolis is an IRS recognized 501(C)(3) charitable organization. Your donation is tax deductible to the full extent permitted by law. Administrative donations are also 100% tax deductible.
How long is my membership in Impact 100?
Each membership is for the current year’s grant cycle. Women who donate by December 31 of any year are members for the following grant cycle that runs January to June. Each year, we welcome a combination of new and returning members.
Do I have to live in the Greater Indianapolis area to be a member?
No. Members can live anywhere.
How much of membership fees go toward the grants versus administrative expenses?
A full 100% of Impact 100 membership contributions – each and every dollar – is awarded in grants to nonprofit organizations.
How does Impact 100 pay for administrative expenses?
We have no paid staff and all our work is done by member volunteers. We pay administrative costs such as insurance, database and member management software, website maintenance, banking fees, etc. through funds gathered from:
- Members making donations designated for administrative costs in addition to their membership donation.
- Spouses, friends and employers who choose to support the member and the organization through donations designated for administrative costs.
- Employer matches, corporate sponsorships, and in-kind donations.
- Donors who donate additional funds to cover their credit card and United Way designation fees.
You can make a donation to help pay administrative costs at any time using our online form.
Are there any added benefits from the work of Impact 100?
Nonprofits who have received grants and who have been finalists tell us they have received donations outside of the Impact 100 grant process as a result of increased awareness of the nonprofits’ good work. Impact 100 members have become actively engaged with some of the nonprofits they were introduced to through the granting process, either by serving on a nonprofit board or by assisting a nonprofit with special needs or projects beyond the Impact 100 grant program.
If I can’t make a gift of $1,000 is there a role for me?
Yes, a very important one. You can bring in other women for a Shared Membership. You can also make a non-membership donation to Impact 100 and your gift will be used to pay our administrative costs. If we receive more funds than are required to cover these costs, they may, at the discretion of the Board of Directors, be added to the grant funds.
Who is on the Board of Directors, and what is the role of the board?
The women on the Impact 100 Greater Indianapolis Board have diverse backgrounds, but all are dedicated to carrying out the mission of Impact 100. Our board is a working board and there are no paid employees.
How is Impact 100 affiliated with other national Impact 100 groups?
Even though Impact 100 follows a model founded in Cincinnati and adopted by other cities, we operate completely independently. We do not pay fees or have official ties or obligations to any other Impact 100 program. However, we have benefited tremendously from the advice and encouragement from women in other cities. We are members of the Women’s Collective Giving and Grantmaking Network (WCGN), a national organization supporting organizations like ours with education and support.
How is Impact 100 different from the Women’s Fund of Central Indiana and the United Way of Central Indiana’s Women’s Initiative?
Women’s Fund of Central Indiana, a fund of CICF, is the only organization in the community solely focused on raising funds – at any level and from men and women – to address issues facing women and girls. It is a permanent endowment, meaning gifts are invested forever and a percentage is granted annually to local women- and girl-serving agencies. A volunteer grant committee and the Women’s Fund Advisory Board award grants.
United Way of Central Indiana’s Women’s Initiative is focused on investing grants in successful kids, thriving families, healthy people and vibrant communities with a new focus on preschool children. Gifts are accepted at the $2,500 level where a match is available for new donors.
Impact 100 is a pass-through fund with a yearly cycle of awarding at least $100,000 to one recipient from a broad grant audience. 100% of membership donations are given away each year. All members are women and each member has an equal vote in selecting the grantee.
What types of organizations does Impact 100 fund?
Impact 100 believes every member of our community should have access to a clean, safe environment, cultural enrichment, family services and quality education and healthcare. To support that belief, we fund nonprofit organizations in the Greater Indianapolis area that fall into one of our five Focus Areas:
- Arts & Culture
- Environment (including Preservation, Animals, and Recreation)
- Health & Wellness.
What types of projects does Impact 100 fund?
Impact 100 funds projects addressing critical needs, undertaking new ventures, and proposing innovative ways to solve social problems and to create a more civil and respectful climate in our community. We encourage all greater Indianapolis nonprofits with the vision and capacity to manage a gift of this size to apply.
How do you decide who is awarded the grants?
Each year, we solicit grant applications from hundreds of nonprofit organizations in five focus areas: Arts & Culture, Education, Environment, Family, and Health & Wellness. We form five committees made up of our members, one for each focus area. Each committee is chaired by an Impact 100 member trained in facilitating the grant review process. The committee accepts and evaluates grant applications – by researching and visiting applicants – to arrive at their committee’s finalist. We deliver information on the five finalists to each Impact 100 member for review. Then, we hold an annual meeting of the members where the finalists give a short presentation. At that meeting, members deliver a final decision by vote with each membership having an one vote.
To get a better idea of the process, look at this year’s FAC meeting schedule here.
Why does Impact 100 give large grants of $100,000 to a single organization?
It’s simple, a grant of this size makes a large impact. Pooling our members’ resources allows Impact 100 members to be part of funding a project that has an impact on our community.
When did Impact 100 make its first grant?
Impact 100 made its first grant award to the Wishard Memorial Foundation (now Eskenazi) to fund the Pecar Health Center Pharmacy in June, 2006.
Can I see a full list of the nonprofits who have received Impact 100 Greater Indianapolis grants?
Yes. Review our grant history on our Follow the Impact page or review our Giving Report (our version of an Annual Report providing more information on our organization over the years).
Paying Membership Fees
What is the membership fee?
The annual membership fee is $1000. You can make a membership donation at any time using our online form.
How do I pay the membership fees?
You can pay by check, credit card, PayPal, stock, or United Way designation. The information on our Membership Page will walk you through the process.
Is my donation to Impact 100 tax-deductible?
Impact 100 Greater Indianapolis is an IRS recognized 501(C)(3) charitable organization. Your donation is tax deductible to the full extent permitted by law. Administrative donations are also 100% deductible.
When are membership fees due?
Membership forms and donations are due by December 31 in order to be included in the grants awarded the following June.
Can I pay for my membership with a credit card?
Yes. You can use your credit card directly to us or through PayPal. Please consider adding 5% to your donation to cover the credit card fees.
Can I pay for my membership in installments?
Yes. We want to make joining Impact 100 as easy as possible. If you choose to make installment payments, please make an initial donation of at least $250, and then indicate in the Notes section of the membership form how to divide the remainder between two to four payments, with the last payment received before Dec 31. We can even invoice you or automatically charge your credit card according to your wished. Please remember: we must receive the full amount by the December 31 deadline.
Will you accept gifts of stock?
We gladly accept stock donations for membership or other donations. Please go to https://www.impact100indy.org/join/donate-stock/ and follow the directions for making a stock gift. Or contact us at email@example.com if you prefer to discuss this option before moving forward.
If my employer has a matching program, will you accept this donation?
Yes, we gratefully accept employer matching gifts. Funds matching your $1000 contribution play an important role, as they are applied toward administrative costs. Please note this on the Membership Form and let us know if you will need documentation from Impact 100 in order to apply for the matching gift.
Can I designate Impact 100 on my United Way donation form?
You can designate the amount you wish to donate to Impact 100 through your annual United Way donation. Please be aware that United Way keeps up to 25% of your designation to cover their costs, and any employer United Way match will go to your local United Way agency and not to Impact 100. Please consider designating or donating an additional $250 to cover the United Way fees.
Why do you suggest members donate additional amounts to cover administrative costs?
Every membership in Impact 100 represents $1000 in our grant pool.
We have estimated the administrative costs for each member is approximately $100 per year per member. This includes database and member management software, insurance, website fees, post office box, stationery, etc. In addition, we host several events that are free to members and guests. Those events are also supported by additional donations to our administrative funds and our administrative fund-raising activities.
In addition, when someone donates $1000 through a method that takes out processing or administrative fees, we take funds from our administrative account so there is $1000 in the grant pool for that member. We are happy to offer convenient payment methods to our members and understand that these fees are the cost of doing business in today’s world, but it is helpful when the women selecting these methods can help pay the fees.
United Way fees can be as high as 25% ($250 on $1000), and the amount is not announced until the first of the following year the donation is made.
Paying these fees is not required. If the donor does not pay them, we pull the difference out of the administrative funds created through our other fund-raising events so the full amount of your intended donation goes into the grant pool.
I want to give more than $1000. Do I get more than one vote?
No. Every member gets one vote even if they give more than $1000. If you want to give more than $1000, please indicate on this form how much you wish to donate toward the grant pool and/or how much you wish to donate to administrative funds. You may also choose to fund a scholarship for a young local woman who wants to be involved in our program to learn about philanthropy and nonprofits in the Indianapolis area by donating an additional $1000 to our grant pool.
Can I make an in-kind donation of services or products to cover my $1000 donation?
No, however we do accept in-kind donations to offset our administrative costs. Contact us at firstname.lastname@example.org to discuss in-kind donations for our admi1istrative needs.
Friends and Supporters
If I can’t make a donation of $1000, is there a role for me?
There are several ways you can participate:
- You may want to be part of a Shared Membership. Shared Memberships are made up of 2-4 women who want to join but cannot make the full commitment. Each Shared Member has full membership rights (serving on committees, attending events, etc.) with the exception that the members of each Shared Membership share one vote at the annual meeting in June.
- You may want to make a donation to support administrative expenses.
- You may want to make a donation directly to the grant pool (these donations are non-voting donations and not memberships).
You can use our online form to make donations at any time.
Can men participate in Impact 100?
Men can participate by making donations to the Grant Pool and/or to help pay our administrative costs, by sponsoring a woman to be an Impact 100 voting member, or by funding a Scholarship for a young woman who wants to join but cannot afford a Membership on her own. Men can always participate by encouraging the women they know to become members.