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    <Timestamp>2012-05-14T13:01:48-05:00</Timestamp>
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        <BusinessNameLine1>DEHMEL &amp; ASSOCIATES PC</BusinessNameLine1>
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      <PreparerFirmUSAddress>
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        <City>INDIANAPOLIS</City>
        <State>IN</State>
        <ZIPCode>462243701</ZIPCode>
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        <BusinessNameLine1>INDIANA GRANTMAKERS ALLIANCE</BusinessNameLine1>
        <BusinessNameLine2>FOUNDATION INC</BusinessNameLine2>
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      <NameControl>INDI</NameControl>
      <Phone>3176305200</Phone>
      <USAddress>
        <AddressLine1>32 E WASHINGTON ST 1100</AddressLine1>
        <City>INDIANAPOLIS</City>
        <State>IN</State>
        <ZIPCode>46204</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>MARISSA MANLOVE</Name>
      <Title>PRESIDENT/CEO</Title>
      <Phone>3176305200</Phone>
      <DateSigned>2012-05-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>ROBERT GODFREYCPA</Name>
      <Phone>3172482202</Phone>
      <DatePrepared>2012-05-14</DatePrepared>
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    <TaxYear>2011</TaxYear>
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      <NameOfPrincipalOfficerPerson>MARISSA MANLOVE PRESCEO</NameOfPrincipalOfficerPerson>
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        <AddressLine1>32 E WASHINGTON ST 1100</AddressLine1>
        <City>INDIANAPOLIS</City>
        <State>IN</State>
        <ZIPCode>46204</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>961270</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>N/A</WebSite>
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      <StateLegalDomicile>IN</StateLegalDomicile>
      <ActivityOrMissionDescription>THE FOUNDATION SUPPORTS THE INDIANA GRANTMAKERS ALLIANCE, INC. AND ITS MEMBERS THROUGH SPECIAL INITIATIVES THAT SUPPORT OR EXPAND PHILANTHROPY IN INDIANA.</ActivityOrMissionDescription>
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      <NbrIndependentVotingMembers>6</NbrIndependentVotingMembers>
      <TotalNbrEmployees>0</TotalNbrEmployees>
      <TotalNbrVolunteers>100</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>831318</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>917995</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>23330</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>43275</ProgramServiceRevenueCY>
      <InvestmentIncomeCurrentYear>0</InvestmentIncomeCurrentYear>
      <OtherRevenueCurrentYear>0</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>854648</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>961270</TotalRevenueCurrentYear>
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      <SalariesEtcPriorYear>563887</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>548762</SalariesEtcCurrentYear>
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      <OtherExpensePriorYear>736646</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>968997</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>1300533</TotalExpensesPriorYear>
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      <RevenuesLessExpensesPriorYear>-445885</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-587844</RevenuesLessExpensesCY>
      <TotalAssetsBOY>3826685</TotalAssetsBOY>
      <TotalAssetsEOY>3061619</TotalAssetsEOY>
      <TotalLiabilitiesBOY>873665</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>696443</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>2953020</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>2365176</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
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      <SignificantChange>false</SignificantChange>
      <Expense>564289</Expense>
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        <Revenue>9155</Revenue>
        <Description>THE YOUTH PHILANTHROPY INITIATIVE OF INDIANA (YPII) - YPII PROVIDES TRAINING, TECHNICAL ASSISTANCE, AND EDUCATIONAL TOOLS AND RESOURCES TO COMMUNITY ORGANIZATIONS THAT SUPPORT YOUTH TO DEVELOP A SPIRIT OF PHILANTHROPY THROUGH ONGOING AND INTENTIONAL FUNDRAISING, GRANTMAKING, AND CIVIC ENGAGEMENT. IN 2011, YPII DISTRIBUTED MORE THAN 650 YOUTH PHILANTHROPY RESOURCES THOUGHOUT THE STATE, PROVIDED TRAINING TO 5 YOUTH-SERVING ORGANIZATIONS REACHING 200 YOUTH AND PROVIDED TECHNICAL ASSISTANCE TO 57 ORGANIZATIONS. YPII HELD 1 YP AMBASSADOR ORIENTATION IN CENTRAL INDIANA AND HELD 2 YP AMBASSADOR EVENTS BRINGING THE TOTAL YP AMBASSADORS TO 112 IN 35 COUNTIES. YPII'S ANNUAL YOUTH/ADULT CONFERENCE HAD 100 ATTENDEES REPRESENTING APPROXIMATELY 18 COMMUNITY FOUNDATION YOUTH COUNCILS. THE FAMILY PHILANTHROPY GIFT BOX EDUCATION RESOURCE FOR FAMILIES WAS DISTRIBUTED TO 500 FAMILIES IN SOUTHERN INDIANA, 20 YP AMBASSADORS, AND MADE AVAILABLE FOR PURCHASE IN 2011.</Description>
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      <Activity3>
        <Expense>523437</Expense>
        <Description>THE COMMUNITY FOUNDATION INTERNSHIPS PROGRAM WILL PROVIDE INDIANA COMMUNITY FOUNDATIONS PARTICIPATING IN THE GIFT PROGRAM THE FUNDS TO OFFER PAID INTERNSHIPS TO COLLEGE STUDENTS ATTENDING AN ACCREDITED COLLEGE OR UNIVERSITY IN INDIANA. THE PURPOSE OF THE PROGRAM IS TO PROVIDE OPPORTUNITIES FOR INDIANA COLLEGE STUDENTS TO LEARN ABOUT PHILANTHROPY IN GENERAL AND COMMUNITY FOUNDATIONS SPECIFICALLY. ASSISTANCE IN CRAFTING WORK PLANS AND JOB DESCRIPTIONS FOR THE INTERNSHIPS WILL BE PROVIDED. INTERNS WILL ALSO BE AFFORDED THE OPPORTUNITY TO ATTEND WORKSHOPS TO LEARN MORE ABOUT COMMUNITY FOUNDATIONS. IN 2011, THERE WERE 53 FOUNDATIONS AND AFFILIATES PARTICIPATING IN THE INTERNSHIP PROGRAM.</Description>
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        <Expense>31356</Expense>
        <Grants>31356</Grants>
        <Description>THE INDIANA ACHIEVEMENT AWARDS PROVIDES GRANTS TO NONPROFITS WHICH HAVE BEEN JUDGED TO HAVE EXCEPTIONAL PERFORMANCE. IN 2011, INDIANA GRANTMAKERS ALLIANCE PROVIDED TWO 5,000 AWARDS WITH FUNDING FROM LILLY ENDOWMENT. THE GRANTS WENT TO BIG BROTHERS BIG SISTERS OF CENTRAL INDIANA AND TO FAIRBANKS HOSPITAL. A FUND WAS ESTABLISHED TO HONOR JENNY KLOER, A RETIRING STAFF MEMBER. THE 21,355 RAISED WAS GRANTED TO THE COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY TO ESTABLISH A DONOR ADVISED FUND.</Description>
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          <BusinessNameLine1>MARISSA MANLOVE PRESIDENTCEO</BusinessNameLine1>
          <BusinessNameLine2>INDIANA GRANTMAKERS ALLIANCE INC</BusinessNameLine2>
        </NameBusiness>
        <TelephoneNumber>3176305200</TelephoneNumber>
        <AddressUS>
          <AddressLine1>32 E WASHINGTON ST 1100</AddressLine1>
          <City>INDIANAPOLIS</City>
          <State>IN</State>
          <ZIPCode>46204</ZIPCode>
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        <NamePerson>SHELLEY LLOYD</NamePerson>
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        <OtherCompensation>0</OtherCompensation>
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        <NamePerson>BETSY BIKOFF</NamePerson>
        <Title>CHAIR</Title>
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        <Officer>X</Officer>
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        <OtherCompensation>0</OtherCompensation>
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        <NamePerson>AMBER ROOS</NamePerson>
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        <OtherCompensation>0</OtherCompensation>
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        <NamePerson>MARK ROGERS</NamePerson>
        <Title>DIRECTOR</Title>
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        <Officer>X</Officer>
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      <TotalReportableCompFromOrg>35035</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>81749</TotalReportableCompFrmRltdOrgs>
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        <RelatedOrExemptFunctionIncome>38275</RelatedOrExemptFunctionIncome>
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      <ProgramServiceRevenue>
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        <ProgramServices>31355</ProgramServices>
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      <OtherEmployeeBenefits>
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        <ProgramServices>10340</ProgramServices>
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      <PayrollTaxes>
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      <Advertising>
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      <OfficeExpenses>
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      <Travel>
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      </Travel>
      <ConferencesMeetings>
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        <ProgramServices>272518</ProgramServices>
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      <Insurance>
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        <ManagementAndGeneral>2400</ManagementAndGeneral>
      </Insurance>
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      <OtherExpenses>
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        <ProgramServices>31843</ProgramServices>
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      <OtherExpenses>
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      <OtherExpenses>
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        <ProgramServices>9568</ProgramServices>
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        <ProgramServices>1000</ProgramServices>
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        <EOY>3061619</EOY>
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      <AccountsPayableAccruedExpenses>
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      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
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      </DeferredRevenue>
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        <EOY>2258027</EOY>
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        <EOY>2365176</EOY>
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          <BusinessNameLine1>INDIANA GRANTMAKERS ALLIANCE INC</BusinessNameLine1>
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        <EIN>351835134</EIN>
        <TypeOfOrganization>7</TypeOfOrganization>
        <ListedInGoverningDoc>true</ListedInGoverningDoc>
        <SupportedOrganizationNotified>true</SupportedOrganizationNotified>
        <OrganizedInUS>true</OrganizedInUS>
        <Amount>1302501</Amount>
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      <SumOfAmounts>1302501</SumOfAmounts>
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          <AddressLine2>RESTRICTED</AddressLine2>
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          <State>RESTRICTED</State>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <AgentTrusteeEtc>false</AgentTrusteeEtc>
      <IncludedOnFS>false</IncludedOnFS>
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      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <TotalRevenue>961270</TotalRevenue>
      <TotalExpenses>1549114</TotalExpenses>
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      <RecipientTable>
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          <BusinessNameLine1>COMMUNITY FOUNDATION OF BLOOMINGTON</BusinessNameLine1>
          <BusinessNameLine2>AND MONROE COUNTY</BusinessNameLine2>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>101 W KIRKWOOD AVE SUITE 321</AddressLine1>
          <City>BLOOMINGTON</City>
          <State>IN</State>
          <ZIPCode>47404</ZIPCode>
        </AddressUS>
        <EINOfRecipient>351811149</EINOfRecipient>
        <IRCSection>501</IRCSection>
        <AmountOfCashGrant>21355</AmountOfCashGrant>
        <PurposeOfGrant>DONOR ADVISED FUND</PurposeOfGrant>
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    <IRS990ScheduleO documentId="RetDoc6">
      <GeneralExplanation>
        <Identifier>EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS</Identifier>
        <ReturnReference>FORM 990, PAGE 1, PART I, LINE 6</ReturnReference>
        <Explanation>VOLUNTEERS INCLUDE THE FOUNDATION BOARD, THE YPII STEERING COMMITTEE, THE YPII AMBASSADORS AND GIFT'S COMMUNITY FOUNDATION STATE COMMITTEE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>SECOND ACCOMPLISHMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4B</ReturnReference>
        <Explanation>COUNCILS. THE FAMILY PHILANTHROPY GIFT BOX EDUCATION RESOURCE FOR FAMILIES WAS DISTRIBUTED TO 500 FAMILIES IN SOUTHERN INDIANA, 20 YP AMBASSADORS, AND MADE AVAILABLE FOR PURCHASE IN 2011.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACCOMPLISHMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>THE INDIANA ACHIEVEMENT AWARDS PROVIDES GRANTS TO NONPROFITS WHICH HAVE BEEN JUDGED TO HAVE EXCEPTIONAL PERFORMANCE. IN 2011, INDIANA GRANTMAKERS ALLIANCE PROVIDED TWO 5,000 AWARDS WITH FUNDING FROM LILLY ENDOWMENT. THE GRANTS WENT TO BIG BROTHERS BIG SISTERS OF CENTRAL INDIANA AND TO FAIRBANKS HOSPITAL. A FUND WAS ESTABLISHED TO HONOR JENNY KLOER, A RETIRING STAFF MEMBER. THE 21,355 RAISED WAS GRANTED TO THE COMMUNITY FOUNDATION OF BLOOMINGTON AND MONROE COUNTY TO ESTABLISH A DONOR ADVISED FUND.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>FORM 990, PART V</ReturnReference>
        <Explanation>LINE 1 AND 2, FORMS 1096 AND W-3 THE INDIANA GRANTMAKERS ALLIANCE FOUNDATION, INC. 35-1868240 SHARES CONTRACT SERVICES AND EMPLOYEES WITH INDIANA GRANTMAKERS ALLIANCE, INC. 35-1835134. ALL SUCH REPORTING WAS DONE ON A COMMON PAYMASTER BASIS BY THE INDIANA GRANTMAKERS ALLIANCE, INC. EIN 35-1835134: FORM 1096 EIN 35-1835134 28 FORMS OF WHICH 18 WERE FOUNDATION CONTRACTS FORM W-3 EIN 35-1835134 16 FORMS OF WHICH 9 WERE FOUNDATION EMPLOYEES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>IN KEEPING WITH INDIANA GRANTMAKERS ALLIANCE FOUNDATION'S VALUES OF OPERATING IN WAYS THAT ARE ETHICAL AND TRANSPARENT, THE FOLLOWING POLICY WILL GUIDE THE ORGANIZATION'S COMPLIANCE WITH FORM 990 SUBMISSIONS: THE IRS FORM 990 ANNUAL TAX FILING (AND OTHER REQUIRED FILINGS SUCH AS 990-T, AS NEEDED) SHALL BE REVIEWED AND APPROVED BY THE PRESIDENT/CEO AND THE IGA FOUNDATION BOARD CHAIR AND BOARD TREASURER (OR IN EITHER ONE'S ABSENCE ANOTHER MEMBER OF THE IGA FOUNDATION BOARD) PRIOR TO SUBMISSION. THE FULL BOARD SHALL RECEIVE A COPY OF THE IRS FORM 990 (AND OTHER REQUIRED FILINGS) UPON SUBMISSION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>THE INDIANA GRANTMAKERS ALLIANCE FOUNDATION, INC. CONFLICT OF INTEREST POLICY COVERS ALL INDIANA GRANTMAKERS ALLIANCE FOUNDATION BOARD MEMBERS AND ALL STAFF. BOARD DIRECTORS AND STAFF HAVE THE RESPONSIBILITY TO DISCLOSE THE EXISTENCE OF ANY CONFLICT OR APPEARANCE OF A CONFLICT TO THE PRESIDENT/CEO OR THE CHAIR OF THE BOARD OF DIRECTORS AT THE EARLIEST POSSIBLE TIME. THE DIRECTOR OR STAFF WITH THE CONFLICT OR POTENTIAL FOR APPEARANCE OF CONFLICT IS EXPECTED TO EXCUSE HIMSELF OR HERSELF FROM ANY INVOLVEMENT IN ANY DECISION RELATED TO THE MATTER. THIS DOES NOT PREVENT A DIRECTOR OR STAFF MEMBER FROM BRIEFLY STATING HIS/HER POSITION IN THE MATTER, OR FROM ANSWERING PERTINENT QUESTIONS RELATED TO THE MATTER.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>FOUNDATION PERSONNEL POLICY: THE PRESIDENT/CEO OF INDIANA GRANTMAKERS ALLIANCE ALSO SERVES AS THE PRESIDENT/CEO OF INDIANA GRANTMAKERS ALLIANCE FOUNDATION, INC. SELECTION, COMPENSATION, AND REVIEW OF THE CEO AND ANY OTHER PERSONNEL IS GOVERNED BY THE POLICIES OF INDIANA GRANTMAKERS ALLIANCE. ALLIANCE PERSONNEL POLICY: THE PRESIDENT/CEO IS SELECTED BY THE INDIANA GRANTMAKERS ALLIANCE BOARD AND IS RESPONSIBLE TO THE BOARD FOR THE OPERATION OF THE ORGANIZATION. THE BOARD APPROVES THE CEO'S COMPENSATION AND BENEFITS PER THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE, AND CONDUCTS AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE. ANY BOARD MEMBERS WITH A POTENTIAL CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM THE COMPENSATION RECOMMENDATION. A REVIEW OF EXECUTIVE COMPENSATION PAID BY COMPARABLE NONPROFIT AND FOR PROFIT ORGANIZATIONS FOR FUNCTIONALLY COMPARABLE POSITIONS SHOULD BE CONDUCTED TO SUPPORT THE BOARD'S COMPENSATION DECISIONS AND TO GUARD AGAINST ANY EXCESS BENEFIT TRANSACTION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>FOUNDATION PERSONNEL POLICY: THE PRESIDENT/CEO OF INDIANA GRANTMAKERS ALLIANCE ALSO SERVES AS THE PRESIDENT/CEO OF INDIANA GRANTMAKERS ALLIANCE FOUNDATION. SELECTION, COMPENSATION AND REVIEW OF THE CEO AND ANY OTHER PERSONNEL IS GOVERNED BY THE POLICIES OF INDIANA GRANTMAKERS ALLIANCE. ALLIANCE PERSONNEL POLICY: THE STAFF OPERATIONS OF INDIANA GRANTMAKERS ALLIANCE ARE THE RESPONSIBILITY OF THE PRESIDENT/CEO. THE INDIANA GRANTMAKERS ALLIANCE BOARD MAY REVIEW THE COMPENSATION RANGE OF STAFF POSITIONS THAT EXERCISE SUBSTANTIAL CONTROL OF THE ORGANIZATION'S RESOURCES, TO ENSURE THAT EXCESS BENEFIT TRANSACTIONS DO NOT OCCUR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>CURRENTLY THE FOUNDATION WILL PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST AND ON THE ALLIANCE'S WEBSITE.</Explanation>
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          <AddressLine1>32 E WASHINGTON ST 1100</AddressLine1>
          <City>INDIANAPOLIS</City>
          <State>IN</State>
          <ZIPCode>46204</ZIPCode>
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      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
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