The Middletown Community Foundation was incorporated as a component of the United Way in 1976. It grew slowly until 1986 when it became a free-standing foundation. Elliot and Mae Levey challenged the community to match their $1 million donation and create a true community foundation. Middletonians committed $6.7 million and continue their generous support. Since then, assets have grown to more than $33 million in assets in 2014.