First Internet Bank Commits $250,000 to Hamilton County Community Foundation

Rhea-AI Summary

First Internet Bank has announced a $250,000 contribution to the Hamilton County Community Foundation's unrestricted endowment, which will support not-for-profits in the area. With support from the Lilly Endowment's GIFT VII Initiative, the total commitment rises to $750,000. This funding aims to address pressing needs through initiatives like inclusive economic growth, mental health support, and empowerment for families and youth. The contribution reflects First Internet Bank's commitment to local community development and equitable opportunities.

Positive

• Contribution of $250,000 to Hamilton County Community Foundation, increasing total commitment to $750,000 with Lilly Endowment.
• Funding will support critical initiatives such as economic growth and mental health.

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• None.

First Internet Bank announced today a contribution of $250,000 to the Hamilton County Community Foundation unrestricted endowment which will be awarded to not-for-profit organizations in the area. Through a 2:1 match with Lilly Endowment’s Giving Indiana Funds for Tomorrow (GIFT) VII Initiative – increasing the total commitment to $750,000 – these funds will help address the most critical needs of Hamilton County residents now and in the future.

The strategic plan of Hamilton County Community Foundation, an affiliate of Central Indiana Community Foundation (CICF), identifies three main initiatives:

• Inclusive economic growth through creating equitable communities, affordable housing, pathways to long-term employment and county-wide connectivity
• Supporting the mental health and wellbeing of citizens
• Family and youth empowerment by ensuring basic needs are met to drive the success of individuals and families

“Contributing to the success of our local communities is one of our foundational principles,” said David Becker, President and CEO of First Internet Bank. “By joining forces with Hamilton County Community Foundation and Lilly Endowment, we are better able to serve those who live and work here, creating a path to long-term growth and stability.”

“Having First Internet Bank support our vision of an equitable community for all impacts more than just Hamilton County Community Foundation,” said Tom Kilian, Jr., President of Hamilton County Community Foundation and IMPACT Central Indiana. “This gift will help us create a stronger, more equitable Hamilton County for all.”

Gifts to Hamilton County Community Foundation’s unrestricted endowment will continue the 2:1 match by Lilly Endowment through September 30, 2021. For more information about support of the foundation, visit HamiltonCountyCommunityFoundation.org/give/.

About First Internet Bank

First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $4.2 billion as of March 31, 2021, the Bank provides consumer and small business deposits, consumer loans, residential mortgages and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at www.firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK). First Internet Bank is a Member FDIC.

About Hamilton County Community Foundation

Hamilton County Community Foundation, an affiliate of Central Indiana Community Foundation (CICF), is a $99 million public foundation working to mobilize people, ideas and investment to make Central Indiana a community where everyone has equitable opportunity to reach their full potential—no matter place, race or identity. The foundation aims to build a community where opportunity meets growth for everyone, and philanthropic efforts support not-for-profit organizations doing vital work. Hamilton County Community Foundation was established in 1991 to inspire philanthropy while helping people enhance their family and charitable legacies in tax-smart ways. Learn more at HamiltonCountyCommunityFoundation.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210426005590/en/

FAQ

What is the recent contribution by First Internet Bank to Hamilton County Community Foundation?

First Internet Bank announced a $250,000 contribution to the Hamilton County Community Foundation's unrestricted endowment.

How much total funding does First Internet Bank's contribution amount to with additional support?

The total funding amount reaches $750,000, including support from Lilly Endowment's GIFT VII Initiative.

What initiatives will the funding from First Internet Bank support?

The funding will support inclusive economic growth, mental health initiatives, and family and youth empowerment.

What is the goal of the Hamilton County Community Foundation's initiatives?

The initiatives aim to create equitable communities and address the critical needs of Hamilton County residents.

When does the 2:1 match by Lilly Endowment for contributions to Hamilton County Community Foundation end?

The 2:1 match by Lilly Endowment will continue through September 30, 2021.