Once the nation’s wealthiest foundation, Indianapolis-based Lilly Endowment now ranks ninth among its grant-making
peers. The endowment’s value fell 15 percent last year, to an estimated $4.8 billion.
The Central Indiana Community Foundation has stopped payment on a $3 million grant to Junior Achievement because of accounting
questions.
Michele Thomas Dole has been a wealth adviser at JP Morgan Chase and development director of the IU Foundation.
The cuts, both in Bloomington and Indianapolis, come as part of an effort to trim $2.4 million from the fund-raising group’s
$26 million operational budget.
Lilly Endowment’s resistance to diversify its holdings reached a new height last year, as it failed to sell a single share
of the underperforming Eli Lilly and Co. stock while the broader market surged.
Corporate contributions, volunteerism help shore up struggling city department after recession-driven cuts reduce budget by
nearly one-fifth.
Matthew Morris will oversee fund raising for the world service project that Indianapolis-based Kiwanis will announce
in June.
Philanthropic giant has gifted $29 million since 2003 to fund research and education in financial services.
Lilly’s death on Dec. 30 at age 94 will trigger the release of hundreds of millions of dollars from her
estate, with perhaps as much as $200 million flowing to the fledgling Ruth Lilly Charitable Foundation.
Lilly Endowment Inc. has awarded the Indianapolis Parks Foundation a $7.3 million grant to fund improvements that include
a new pool at Bethel Park on the near-southeast side.
Dubbed the “Indiana Experience,” the exhibits represent the first ticketed tourist attraction at the society’s headquarters building.
Entrepreneur earmarks 10 percent of profits for charity, honors well-run not-for-profits.
The not-for-profit will use the money to fund existing programs, such as the U.S. State Department’s International Visitor
Leadership Program, and begin new ones.
A $2.3 million grant awarded by Lilly Endowment Inc. on Monday will enable the Indianapolis Private Industry Council to continue
a jobs program through 2011.
The fund has helped more than 6,000 households in six counties pay for housing, utilities and food.
The Wishard Foundation said it has received a $6 million grant from the Richard M. Fairbanks Foundation that will be used to help fund construction of a new Wishard Hospital, if Marion County voters approve the project.
The $491 million Central Indiana Community Foundation has switched investment advisers after the market crash of 2008, a year
in which it saw greater losses than many of its peers.
The civic festival Spirit and Place, which runs Nov. 5-16, has been a fixture of the fall season since 1996, but organizers
are still trying to explain to Indianapolis residents what it’s all about.
Lilly Endowment lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What’s different about the
Indianapolis-based endowment is that its most recent loss caps a downward slide that’s lasted eight years.
