United Way CEO Annala announces retirement
Ellen K. Annala, who has led the United Way of Central Indiana as CEO for 14 years, will retire next year, the not-for-profit announced Wednesday afternoon.
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Report: Charitable donations ticked up in 2011
Charitable giving grew 4 percent nationally in 2011, but the increase was less than 1 percent after adjusting for inflation, according to a report released Tuesday by the Giving USA Foundation and The Center on Philanthropy at Indiana University.
Investment gains push Lilly Endowment’s worth to $6.2B
Lilly Endowment earned $884.6 million on its Eli Lilly and Co. stock in 2011, bringing the total worth of the grant-making powerhouse to $6.2 billion.
Endowment’s resurgence emboldens IMA’s leaders
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.
Would-be donor’s big promises vex trail of victims
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.
Komen grant recipients cope with controversy they didn’t create
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.
Private schools raking in cash thanks to 2011 reform law
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.
As commercial stations sputter, WFYI hits the gas
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.
Hoops fans funnel energy into giving
Brackets for Good pits one not-for-profit against another in an NCAA-tournament style fundraising competition.
Would-be philanthropist sentenced in check-fraud case
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 expects record $40.6M in donations
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.
Philanthropist Marilyn Glick dies after year-long illness
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.
Indiana United Ways get $3.15M for storm recovery
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.
Big Brothers Big Sisters lands $1M from Taco Bell owner
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.
City-County Council member gives salary to local library
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.
Big-promising donor to area charities coming up empty
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.
IU study concludes that donating merchandise is good business
Researchers say the study was the first to examine return-on-investment from donating merchandize vs. liquidating or destroying it.
Report: Giving rose in state last year, but trailed nation
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 gives $6.6m to public policy institute
Lilly Endowment is giving $6.6 million to support a new fundraising campaign by Indiana University's Public Policy Institute.
Franklin College receives $4.2 million donation
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.