Foundation Frequently Asked Questions

Why does Goodwill have a Foundation?

The Foundation is a source of capital and seed money for new initiatives and for applied research and development to enhance the accomplishment of Goodwill’s mission and increase its impact in the central Indiana community. We need the sustained efforts of our Foundation to attract philanthropic dollars – in the form of cash, stocks and bonds, charitable estate bequests and trusts, and other planned gifts – both to fund current services and to build an endowment that guarantees future Goodwill services.

Do you get financial help from the government?

No. We have applied for and are awarded grants by government agencies, but we do not receive regular government funding.

Does the Goodwill Industries Foundation make grants to nonprofit organizations in the community?

No. The Goodwill Industries Foundation solely supports the programs and initiatives of Goodwill Industries of Central Indiana, Inc., and its related entities. No grants are given to other organizations or to individuals.

Do all of the financial contributions you receive stay in our local area?

Yes. Contributions made to the Goodwill Industries Foundation support programs and services provided by Goodwill Industries and its related corporation, Goodwill Education Initiatives, Inc., in 29 counties in central Indiana.

Are donations to the Goodwill Industries Foundation tax deductible?

Yes. All financial contributions are tax deductible to the full extent of the law.

Does the Goodwill Industries Foundation accept donations other than cash?

The Goodwill Industries Foundation accepts the following kinds of gifts in addition to cash:

• Both publicly traded and closely held securities if they are marketable and unrestricted
  • Your broker can transfer stock to the Goodwill Industries Foundation’s account with Stifel, Nicolaus & Company by calling (317) 571-4600.
    • Account Title: Goodwill Industries Foundation
    • Account Number: 2879-1859
    • DTC: 0793
• Life insurance when the Foundation is named a beneficiary and irrevocable owner
• Charitable Gift Annuities
• Retirement Plan Beneficiary Designations
• Bequests
• Gifts in Kind that meet approved Goodwill needs