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It is with deep appreciation to Ariel Corporation that we announce that 2023 will be the final year of the New Philanthropy Program. Qualifying donations received by December 31, 2023, will receive matching dollars under the terms of the expiring program. Ariel Corporation’s investment of millions of dollars through the New Philanthropy Program will continue to be felt in Knox County for generations to come, and we know you share our deep appreciation and gratitude for their generous leadership.
 
However, thanks to Ariel Corporation’s strong and continued support of the Knox County Foundation, we are pleased to announce the Foundation Forward Matching Program which will formally begin on January 1, 2024. Specifically designed to encourage brand new donors, this program will support both one-time gifts and multi-year donation commitments from those who have never received matching dollars before. Please see this Foundation Forward flyer for more details about this new program.  
 
We hope you will join us in expressing your appreciation to Ariel Corporation by making a qualifying donation to Knox County Foundation before the end of the year to take advantage of the final opportunity to receive matching funds under the New Philanthropy Program, and by spreading the word about Foundation Forward and encouraging others to discover the joy of investing charitably with Knox County Foundation.  

New Philanthropy Terms (through December 31, 2023)

The New Philanthropy Program was created by former Board Chair and philanthropist Karen Buchwald Wright to encourage sustained charitable giving within our community. Its focus is to increase the number of donor endowed funds held within the Knox County Foundation and encourage people to create their philanthropic legacy during their living years

With the New Philanthropy Program, any donor who contributes the at least $10,000 to an endowed Unrestricted, Field of Interest, Designated, or Donor Advised fund, or at least $25,000 to a named Scholarship fund, receives a 25% to 100% matching gift based on fund type and restrictions. This match, courtesy of the Ariel Corporation Donor-Advised Fund, is available for gifts of up to $50,000 per year, per individual or $100,000 for a married couple. The New Philanthropy Program match allows funds to achieve rapid growth not possible in any other type of charitable giving plan.

 

New Philanthropy Match Tiers

100%

NAMED UNRESTRICTED FUNDS

  • Income used for competitive grants at Board discretion

NAMED FIELD OF INTEREST FUNDS

  • Economic Development
  • Arts & Education
  • Health & Social Sciences
  • Parks & Recreation
  • Specific Knox County City or Village

75%

NAMED DONOR ADVISED FUNDS

  • Fund with Unrestricted or Field of Interest Fund Contingency

50%

NAMED SCHOLARSHIP FUNDS

  • Vocational or 2- or 4-year degree
  • Ability to select high school
  • No customization

NAMED DESIGNATED FUNDS

  • Income benefits specific charities
  • Ability to list one charity per $10,000 contribution

NAMED DONOR ADVISED FUNDS

  • Successor advisor and donor-selected contingency

25%

CUSTOM NAMED SCHOLARSHIP FUNDS

  • Customized scholarship
    • Post-secondary school specific
    • Field specific
    • Otherwise restricted Scholarship Fund

 

$10,000 minimum endowment contributions to establish a named Unrestricted, Field of Interest, Designated, or Donor Advised Fund

$25,000 minimum endowment to establish a Named Scholarship Fund.