Last year, 27 donors gave big gifts worth nearly $246 million
Most of the gifts—20 of the 27—went to higher education institutions. Only five were from named Indianapolis philanthropists. Two were anonymous.
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Giving Tuesday has another record year despite tax law change
The worldwide online philanthropy movement, which falls on the Tuesday after Thanksgiving every year, generated more than $380 million in donations this year, which is more than double the $180 million raised just two years ago.
Bloomberg donates record $1.8 billion to alma mater
The contribution—the largest ever to any education institution in the United States—will allow Johns Hopkins to eliminate student loans in financial aid packages starting next fall.
KAR Auction CEO is taking on Indy’s mobility problem
Although Jim Hallett runs a business that sold 5.5 million used vehicles in 120 countries last year, he also knows firsthand what life is like without a car.
Prominent hotel developer, family foundation donate $30M to Purdue for Union Club upgrade
Purdue announced the gift Saturday during an event to celebrate homecoming and the kickoff of the school’s year-long 150th anniversary celebration, which is themed “Take Giant Leaps.”
Media School at IU gets $6 million gift, plans investigative center
The university announced Thursday that the center will focus on the production and teaching of investigative journalism.
Franklin College lands $2M gift from former Eli Lilly executive
The money will be used to create a super endowment that will help fund future projects in perpetuity, Franklin College President Thomas Minar said.
Mind Trust lands $1.5M donation from Walton Family Foundation
The grant is part of more than $100 million in funding the Walton Foundation announced Tuesday morning that will go toward improving education.
DePauw lands $20M gift from former Wells Fargo chairman, wife
DePauw University has received a $20 million donation from 1968 graduates Steve and Karen Sanger to create a leadership program, the school announced Thursday.
Local firm rolls out software designed to help charities win donations
Super Service Challenge, a national not-for-profit aimed at helping charities raise money and in-kind contributions, is launching a new e-platform designed by Indianapolis-based Sells Group meant to connect companies, volunteers and not-for-profits in a whole new way.
Cummins to invest more than $10M on female empowerment initiative
The program, which Cummins is describing as its “most ambitious community initiative ever,” is called Cummins Powers Women.
Former Lilly exec makes seven-figure gift to local youth development group
The Indianapolis not-for-profit helps prepare African-American youth in the fourth grade and higher for academic and career success.
Not-for-profits brace for impact of tax bill
Charities are waiting to see whether new tax changes, which will reduce the number of Americans who qualify to lower their federal tax bills by using a deduction for giving, will also reduce donations.
Simon estate gift creates ‘potentially tough situation’ for small foundation
The Great American Songbook Foundation now has the expensive responsibility of maintaining the 107-acre Asherwood, including paying a nine-person maintenance staff.
Notre Dame nabs 6 of state’s 10 largest not-for-profit gifts in 2017
The university’s $205 million in big gifts was about two-thirds of the $302.9 million in gifts of $1 million or more given by individuals to Indiana not-for-profits in 2017.
Not-for-profits get creative to stand out on Giving Tuesday
The Tuesday following Thanksgiving—after Black Friday, Small Business Saturday and Cyber Monday—has become known for ushering in millions of dollars for thousands of charities.
App lets shoppers funnel cash to charities
A year ago, Pam and Tom Cooper launched Boosterville Inc., which uses an app to connect cause-driven shoppers to businesses willing to donate a portion of sales to a charity the consumer chooses.
New Greenways Foundation chief hopes to hike group’s profile
Ken Giffin, a veteran of local politics and the business community, is pounding the pavement to raise more money to support Indiana’s trail systems.
More firms giving employees voice in gifts to charity
Some companies are offering employees money to donate to charities with no strings attached, while other initiatives are designed to reward volunteer efforts.
TechPoint receives $5.7 million Lilly Endowment grant
TechPoint, a not-for-profit advocacy group, plans to use the money on two programs to nurture young tech talent.