As with formed GIFT phases, the purpose of GIFT Phase IV is to continue support for the development of locally controlled community foundations in Indiana counties as effective institutions in building a community, assessing and prioritizing local needs and problems and mobilizing support to address them. Lilly Endowment, Inc. has made up to a total of $1.5 million in support of available for each county and has provided flexibility to each community foundation to choose the combination of support to best meet community needs.

One of the projects identified was the addition of exercise equipment at the Decatur County Family YMCA.