New Owners Upgrading Cottages of Anderson

ANDERSON - The newest owners of the Cottages of Anderson received preliminary approval to issue a tax-exempt $5 million bond through the city of Anderson. 

The Anderson Economic Development Commission and the Anderson City Council on Thursday approved resolutions to allow Cottages of Anderson Housing Partners to issue the $5 million in bonds to purchase the property on Marine Drive and to remodel the 120 units.

The bonds are expected to be repaid in 18 months.

The city of Anderson is not liable for the repayment of the bonds and it won’t impact the city’s capability to bond in the future or the city’s credit rating, City Attorney Tim Lanane said.

Lanane said Mayor Thomas Broderick Jr.'s administration supports the project, adding the tax-exempt bonds is a good economic development tool for communities.

“This is a win-win,” he said. “There is a need for this type of housing in Anderson.”

Lanane said the city has participated in more than a dozen “pass through” bonds over the years for Anderson University, housing projects and small businesses.

Buckingham Properties of Indianapolis purchased the property and plans to spend $22,000 in each of the housing units for new appliances and heating and cooling systems.

The residents will not be displaced during the remodeling work.

Greg Winkler, executive director of the Anderson Economic Development Department, said the tax-exempt bonds are a part of the financing package.

The Buckingham Foundation will own the housing complex that opened in 2002.

The purchase price and the remodeling costs are estimated at $8.9 million.

Justin Brown of Buckingham Properties said the company has been managing the Cottages of Anderson for several years. He said the Buckingham Foundation decided to purchase the property when the original developers decided to sell the housing complex.

Brown said the Cottages of Anderson has provided low-income housing for people over the age of 55.

Although the age restriction is being removed, the complex will continue to be for those aged 55 and older, he said.

“We decided not to raise the rates to market value,” Browning said. “We’re upgrading the units for another 15 years of life.”

The Buckingham Foundation will develop programs for the residents.

He said the current occupancy rate is at 96 percent, Browning said.

Follow Ken de la Bastide on Twitter @KendelaBastide, or call 640-4863. Read the full article here.

Gearing up for the Road to the Final Four

Drive, Post, Dunk, and Shoot – Buckingham Foundation is heating up for the big game this year, and we want to you to play forward! Buckingham Foundation is going dancing, and not in the tournament you’re thinking. Brackets For Good is a 501©3 organization that takes the excitement of March Madness and turns it into a philanthropic event that’s fun for the whole city.

Beginning February 24th, Brackets For Good kicks off their single elimination, bracket-styled fundraising tournament, allowing 64 local nonprofits to go head-head for a grand prize donation from the Title Partner. That’s where you come in as forward. Each nonprofit needs their team (supporters) to rally with together and compete for donations against other nonprofits that they are matched against each week. The grand prize? Besides bragging rights, the chance to win a $10,000 donation.

During each week-long round, beginning on Fridays throughout the month of March, donors can visit, select a nonprofit they wish to support, and donate money to help them advance to the next round. Each dollar donated equals one point! The nonprofit with the most points at the end of each round advances to the next round and the points reset.

Brackets for good has raised over $2.7M for 448 charities across the Midwest since 2012. Last year alone, that total was $1.5M! Better yet, on average, participating nonprofits receive 30% of their donations from first time donors. This year, Brackets for Good expanded their reach from five to 11 local tournaments in Louisville, Indianapolis, St. Louis, Ann Arbor Area, Twin Cities, Hartford, Baltimore, Denver, Cincinnati, Nashville, Miami, and a National USA tournament with participants spanning across 31 states presented by AT&T.

Want to learn more? Follow Buckingham Foundation on Facebook, Twitter, Instagram or LinkedIn. Interested in learning more about Brackets for Good? They’re on social too, including Facebook, Twitter, Instagram and LinkedIn. They also offer email alerts if this social media thing is too much to handle!

Buckingham Foundation is also supporting the half-time bonus round each Wednesday at Plat99 for the Indianapolis Brackets For Good division. Nonprofits who are competing during the round are invited to join the fun with drink specials and the announcement of the half-time winner, who receives a $500 donation from Buckingham Foundation, for raising the most money that round.

 “Put me in coach” is taken to a new level with Buckingham Foundation – especially if we are able to put everyone in. Join the Brackets For Good team today and donate now!

Keep the CityWay Bison's Memory Alive

In January, the CityWay bison went missing with no ransom note to be found! He was due to be auctioned off this year with all proceeds going towards the Buckingham Foundation and their initiatives to fight childhood hunger. Since he is no longer around to be auctioned off, we need the City of Indianapolis’ help to continue our fight against hunger for Hoosiers across the state.

Want to help? Great! Head over to the Buckingham Foundation website and click the “DONATE” button to contribute. Just add “CityWay Bison” to the “Make My Gift in Honor Of” box so we know you’re still thinking about him. We’ll keep everyone updated on the total throughout the month, and at the end of February, we’ll announce the grand total on social media.

To date, Buckingham Foundation has raised over $2M to over 250 nonprofits in the state of Indiana. Help our CityWay bison keeps his legacy alive by donating today! In the meantime, if you do see him grazing around, you know where to find us so we can bring him home.

Let’s do this, Indiana!

Buckingham Foundation Kicks Off 2017 Supporting the Arts

Buckingham Foundation wrapped up 2016 with a $1M gift to the Irsay Family YMCA at CityWay and then kicked off the new year with a $5K donation to Studio OTB to expand their ceramics program.

The $5,000 grant helps the art studio purchase an adaptive pottery wheel that is accessible for all participants in the program. An adaptive pottery wheel can be used for any rehabilitation program and is wheel chair accessible. With a variable speed power wheel and frame that is designed in coordination with leading rehabilitation and therapy experts, it’s design makes throwing possible for those who otherwise would not have the opportunity to do so.

Studio OTB is a community creative arts program for Outside the Box, a support system of more than 250 individuals with intellectual and developmental disabilities. With a goal to invest in the opportunity for individualized growth, OTB has three distinct lines of service including curriculum based and customized Employment Services along with Studio OTB’s arts program.

Individuals who are enrolled in Studio OTB are able to express themselves, develop artistic skills and discover new interests with the support of collaborations between artists with or without developmental disabilities. The art focused groups are led by two talented artists who have developed a customized curriculum that teaches social, daily living, communication, and fine motor skills through fine art lessons.

Buckingham Foundation’s generous donation not only furthers art education for those who are involved in Studio OTB’s activities, but also gives them the opportunity to meet others and improve their social skills, develop communication skills for more effective verbal and nonverbal interaction, and furthers their personal interests in the arts.

You can purchase a variety of work created by these talented artists at their Studio Gallery, which is open Monday through Friday from 9 am to 5 pm. For more information on how to get involved with Outside the Box, visit their website. You can learn about employment and volunteer opportunities as well as apply to become a participant in their numerous programs.

Buckingham Foundation is the philanthropic partner of Buckingham Companies, a full-service real estate firm based in Indianapolis. Over the past 10 years, Buckingham Foundation has made an impact in the communities where our residents and employees live. Want to join the mission? Donate today to be a part of our next success story!

Buckingham Foundation Turns 10 Years Old

Buckingham Foundation Turns 10 Years Old

Every year, Buckingham Foundation strives to make a difference in the communities in which Buckingham Companies has a presence. For the past 10 years, Buckingham Foundation has been doing just that. Starting out as a small foundation created by Brad Chambers, Buckingham Companies’ CEO, Buckingham Foundation has now grown into an impactful nonprofit focused on improving lives across the Midwest.  

$1 Million Gift Granted to the Irsay Family YMCA at CityWay Thanks to the Buckingham Foundation

$1 Million Gift Granted to the Irsay Family YMCA at CityWay Thanks to the Buckingham Foundation

Buckingham Foundation is proud to announce their $1 million gift to the Irsay Family YMCA at CityWay in order to enhance wellness, leadership development, and youth initiatives within the Indianapolis community. The $1 million gift is the largest to date for the Foundation, which turned 10-years-old this year.