SVB&T creates $50,000 endowment with the Dubois County Community Foundation

Springs Valley Bank & Trust Company announced a $50,000 investment in the community through a new endowment with the Dubois County Community Foundation.

“Springs Valley Bank & Trust Company is pleased to announce its partnership with the Dubois County Community Foundation. The Springs Valley Bank & Trust Endowment will ultimately strengthen future growth in our communities,” said Jamie Shinabarger, President & CEO of Springs Valley Bank & Trust.

Springs Valley Bank & Trust Endowment will support broad-based community-grantmaking. Initial and future donations to this endowment will ensure the success of future generations by providing a sustainable source of funding for local nonprofits.

“Springs Valley’s commitment to this endowment will provide an important source of funds for future generations,” said Craig Buse, COO of Springs Valley Bank & Trust. “We are proud to support our community and plan to do so for years to come.”

Springs Valley’s investment of $50,000 is the first corporate contributor to the Lilly Endowment’s Giving Indiana Funds for Tomorrow (GIFT) initiative, and will be matched dollar for dollar to grow the Community Foundation’s broad-based community endowments.

Gifts of $1,000 or more to community endowments are currently being matched in an effort to secure a million dollars for the Community Foundation from Lilly Endowment.

“The interest to establish an endowment by Springs Valley was impeccable timing given the opportunity to match those dollars by Lilly Endowment,” said Brad Ward, CEO of Dubois County Community Foundation.

Springs Valley’s investment will be matched dollar for dollar by the Lilly program creating $100,000 for the community endowment.

“The choice to invest in the community was an easy one,” Shinabarger said. “We are excited to see the future impact of this endowment.”