Lilly Endowment awarded $230 million in 2012, mostly to Indiana groups. Its fortunes still are largely tied to the value of Eli Lilly and Co. stock, despite an effort to diversify the private foundation’s holdings.
Indianapolis Museum of Art CEO Charles Venable plans to cut costs and use major exhibits to boost attendance—a strategy aimed at reducing the museum’s reliance on investment returns and allowing its endowment to grow back to pre-recession level.
United Way of Central Indiana will receive more than $11 million from the Lilly Endowment to boost its capital fund, combat poverty and provide professional development, the groups announced Thursday morning.
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.
Clowes Memorial Hall at Butler University will get a $2 million makeover that will involve replacing 2,200 seats and carpeting, Butler announced Tuesday.
The Indianapolis Zoo has reeled in $25 million of the $30 million it’s seeking for a capital campaign that will pay for a new orangutan facility, among other projects.
Indiana college endowments have surged back since the recession, but three-quarters closed the 2011 fiscal year below where they were when the market crashed.
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.
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.
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.
ISO says Charity Navigator failed to account for endowment money that should have kept it off “deep trouble” list.
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.
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.
Indianapolis Symphony Orchestra trustees are seeking a new leader who can help reverse three consecutive years of seven-figure budget deficits, raise $100 million to replenish its endowment and motivate staff working for reduced pay.
Starting with a $1 million grant to Marian University’s EcoLab, the Nina Mason Pulliam Charitable Trust plans to start giving a greater share of its money to environmental groups.
The museum will put the money, its largest gift ever, toward boosting its endowment and adding an array of interactive features in its galleries.
Low-income women could receive loans in weeks.
Atlanta-based organization has $1.3 billion in assets.
Robin Bellinger was a member of the management team for “The Campaign for Purdue,” which raised $1.7 billion.
The stock market’s recovery has lifted endowments that provide major support to local arts groups, but managers are keeping the conservative attitude they were forced to adopt two years ago.
