Crean’s revival of IU basketball fuels donations, merchandise sales
Indiana University is looking to cash in on the success of its men’s basketball team this season, but is struggling to find ways to make more money from an already popular program.
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Purdue ag school gets $65M from anonymous donors
Purdue President Mitch Daniels said Monday in a statement that the gift is "a tremendous vote of confidence" for the university and its College of Agriculture. It is Purdue's largest-ever donation from individuals.
ISO far from $5M goal as deadline nears
The Indianapolis Symphony Orchestra has raised barely half the $5 million the organization says it needs by Feb. 3 to live up to the terms of a contract it negotiated with musicians last fall.
Arts council launches local crowdfunding service
The Arts Council of Indianapolis on Wednesday unveiled a a new program to help central Indiana not-for-profit arts, cultural and humanities organizations raise funds for individual projects.
Not-for-profits worry about impact of ‘fiscal cliff’
Middle-income taxpayers could pay thousands more in taxes starting in January. That could cause donations to non-for-profits to drop at a time when the organizations are still struggling to recover from the recession.
Indiana Historical Society wraps up $19M campaign
The Indiana Historical Society has raised $19.5 million to support the Indiana Experience, its series of interactive history lessons intended to draw more visitors to the local not-for-profit’s downtown facility.
Lilly donating $12.4 million to United Way
Eli Lilly and Co. said Monday it plans to give $12.4 million to the United Way, the largest single charitable donation in the company’s history.
Lilly Endowment gives Indiana nature trust $10M grant
The grant announced Wednesday by the Indiana Department of Natural Resources brings to $30 million the amount of funding for the initiative to acquire more wilderness land to mark the state's 200th birthday in 2016.
ISO must raise $5M in less than four months, according to deal
The Indianapolis Symphony Orchestra has until Feb. 3, 2013, to collect $5 million—almost as much as it typically raises in a full year–or its five-year agreement with its musicians that’s set to kick in the following day will be nullified.
DePauw gets $25M for dining hall, scholarships
A Colorado couple who both graduated from DePauw University have donated $25 million to the private liberal arts college to build a new dining hall and to endow need-based scholarships.
Couple donates $25M for DePauw dining hall, scholarships
R. David and Suzanne Hoover, both 1967 graduates of DePauw University, will contribute $9 million to need-based scholarships, with the rest providing the lead gift for Hoover Hall.
Symphony donors question giving amid contract dispute
The ailing Indianapolis Symphony Orchestra intends to step up annual donations 40 percent. But many longtime donors feel conflicted about future contributions as they await word on whether the ISO will scale back to part time.
Charity watchdogs at odds with IUPUI professor
IUPUI economics professor Richard Steinberg stands by his philanthropic theory, despite seeing his fundraising principles speared by a charity watchdog group and then by a cable news network. At issue is his belief that charities are justified in spending heavily on fundraising, because doing so positions them for long-term success.
Symphony standoff might fray local support
The Indianapolis Symphony Orchestra’s decision to cancel the first two weeks of its season and lock out musicians could carry long-term risks in alienating subscribers and donors, observers say.
Indianapolis symphony’s woes aren’t just about money
Even if the Indianapolis Symphony Orchestra’s management and musicians overcome gaping differences and reach a contract agreement, industry experts say disconcerting questions will continue to hang over the organization.
Indy seminary lands $8M grant for pastoral center
Christian Theological Seminary in Indianapolis has received initial funding for its new Center for Pastoral Excellence through an $8 million grant from the Lilly Endowment.
Donors slow to support agencies serving seniors despite growing need
The aging population is expected to generate an explosion in demand for senior services—taxing a network of often thinly funded providers. Executives of such not-for-profits say they often encounter apathy toward senior causes.
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.
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.