Impact 100 has always been about making a difference – both for the nonprofits to whom they offer grants, and among the Indianapolis community at large. Since 2013 Impact 100 has been making a difference in shaping the philanthropic perspectives of young women through its scholarship program, which covers the cost of membership for promising young philanthropists.
The scholarship process started with an invitation to one student from the Indiana University Lilly Family School of Philanthropy to participate in the Impact 100 granting process, with her membership paid by a generous Impact 100 member. It was immediately apparent that these scholarship members were a benefit to the Focus Area Committees (FACs) they joined
In 2015 the Impact 100 Board decided to expand the scholarship program to ten recipients as a way to celebrate our tenth anniversary, and generous donors stepped up to donate the additional $10,000 needed to pay for their membership. The program was so successful the Board decided to make it an annual endeavor with the number of scholarship members determined by the amount of donations into a special Young Philanthropic Scholarship Fund created for that purpose, one scholarship for each $1000 in the fund on December 31 each year.
Says Impact 100 co-founder Donna Oklak, “One young woman a year in the program was good, but ten plus women allows our organization and members to really felt the presence of these budding philanthropists as full participants in our committee work.