After three years of shrinking budgets, Indianapolis Museum of Art leaders are ready to leave the lean times behind. The IMA’s endowment, which has covered close to 70 percent of operating expenses, is on the rebound and reached $324 million at the end of last year.
Those left in the lurch by financial promises unfulfilled by Joe Bilby are mystfied by his motives, since he seems not to have profited from any of it.
Local health care providers won’t find an easy replacement for the grant money supplied by Susan G. Komen for the Cure. That money could be in jeopardy, as grass-roots Komen supporters appear to be sitting out of this year’s Race for the Cure in response to a national controversy over grants to Planned Parenthood.
A generally overlooked part of the 2011 education reform package makes it clear donors to private schools can target their gifts to specific schools, a move that seems to have unleashed the tax credit’s full potential by helping private schools line up more donations.
The city’s public radio and television stations are more than holding their own, even as their commercial brethren continue to suffer from a now-5-year-old economic swoon.
Brackets for Good pits one not-for-profit against another in an NCAA-tournament style fundraising competition.
A 70-year-old Trafalgar man who made empty promises of multimillion-dollar gifts to local cultural institutions was sentenced to six years of probation Thursday morning in an unrelated check-fraud case.
United Way of Central Indiana is projecting that its 2011 annual campaign will raise a record-breaking $40.6 million, topping the previous high of $39 million in 2007.
Marilyn K. Glick, who with her husband Gene B. Glick donated millions of dollars in recent years to civic projects such as the Indianapolis Cultural Trail, died of cancer Friday at the age of 90.
The Lilly Endowment is giving a $3.15 million to the Indiana Association of United Ways to help southern Indiana recover from recent tornadoes and other storms.
Taco Bell owner Charlie Brown is topping off his longtime support of Big Brothers Big Sisters of Central Indiana with a $1 million gift. The gift is the largest by an individual in the not-for-profit’s history.
Steve Talley will donate his council salary over the next four years, which totals about $52,000, to launch an endowment through the Indianapolis Public Library Foundation in honor of his late wife, Donna.
A Johnson County man whose home is listed for sheriff’s sale and who has filed for bankruptcy protection twice and been convicted of check fraud managed to convince several Indianapolis cultural institutions that he was good for multimillion-dollar gifts.
Researchers say the study was the first to examine return-on-investment from donating merchandize vs. liquidating or destroying it.
Nationwide, Americans gave $346 billion to charitable causes in 2011, an increase of 7.5 percent over the previous year. Hoosiers gave $6.4 billion last year, a bump of 6.4 percent from the previous year, according to Atlas of Giving.
Lilly Endowment is giving $6.6 million to support a new fundraising campaign by Indiana University's Public Policy Institute.
The contribution from a late school trustee will be used to support an endowment for student scholarships and church relations, in addition to the college’s capital campaign.
The donation will enable Indiana University to renovate and expand its Kelley School of Business building in Bloomington, which was built in 1966 and is too small to meet current demands, IU said.
As of Wednesday, the Salvation Army’s Indiana Division had reached just 51 percent of its $3.2 million goal for its annual Tree of Lights campaign.
The $1 million grant from the Arkansas-based Walton Family Foundation will fund a team that will open its first charter school in the 2013-2014 school year as part of what the group hopes will become a network of high-performing charter schools.
