After swoon, Lilly Endowment climbs back over $10B
Assets in 2014 rose from $7.7 billion to $10.1 billion, a 31-percent surge. The value of the endowment now has nearly doubled since closing 2010 at $5.3 billion.
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Mind Trust receives $2.5 million from Walton foundation
The Mind Trust, an Indianapolis-based education reform group, will use the money from the family of Wal-Mart Stores founder Sam Walton to provide more innovation school fellowships and launch more charter schools.
$22M HQ to raise profile of asset-rich Liberty Fund
Liberty is one of the richest foundations in the state, with $332 million in assets—firepower it devotes to publishing books and staging some 200 all-expenses-paid conferences a year.
Local philanthropists make $20M gift for genocide center
The foundation created by Cynthia Simon Skjodt and Paul Skjodt has endowed an international center focused on averting genocide.
Purdue gets record $40M gift from Lilly Endowment
Purdue University has received the biggest cash donation in the school’s 146-year history—a $40 million gift from Lilly Endowment Inc. to fund five projects in engineering, technology and research.
2015 Forty Under 40: Betsy McCaw
Betsy McCaw, 38, vice president of strategy and operations at Central Indiana Corporate Partnership, is helping changing the region.
2015 Forty Under 40: Melynne Klaus
Melynne Klaus, 37, oversees grants from a $43 million fund as director of Christel DeHaan Family Foundation.
Irsay helps out Jack Kerouac organization
The owner of the Indianapolis Colts has ponied up a sizable sum for a Massachusetts organization that keeps the writer’s legacy alive.
Lilly Endowment gives Conexus $3.6 million grant
The advanced manufacturing and logistics advocacy group will use the grant for programs, outreach and research for the state’s largest industry sector.
NFP of NOTE: Hendricks County Community Foundation
Hendricks County Community Foundation improves the quality of life in Hendricks County by awarding grants to not-for-profit organizations and projects, and by collaborating to address community issues.
Lilly Endowment pledges $22.5M for early-education programs
The funds will help providers around Indiana improve curricula, build classrooms, educate parents about the importance of high-quality child care and education, and support professional development for teachers.
Skjodt plotting $25 million sports complex
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
Lilly Endowment pumps $14.5M into MBAs for school leaders
The endowment hopes to expand educational MBA programs, including one at the University of Indianapolis, to give business skills to more principals and superintendents at Indiana public schools.
Global group taps local woman to lead Indy chapter
Jennifer Burns is looking for a couple of dozen twenty-somethings who, like her, share the lofty goals of the World Economic Forum, the organization that gathers heads of state and CEOs each January in the Swiss mountain town of Davos.
Former Heartland CEO shifts gaze to distressed neighborhoods
Jeffrey Sparks, 63, has joined Indianapolis-based not-for-profit and public policy research group Sagamore Institute as a senior fellow. He stepped down from Heartland Truly Moving Pictures in 2013.
Damar Foundation hires president
Richard Markoff comes to the job from IUPUI, where he was a senior adviser to Chancellor Charles Bantz and a visiting lecturer teaching graduate courses in organizational leadership.
Private foundation planning Carmel HQ
Indianapolis-based Liberty Fund plans to build a campus-like headquarters on the Meridian Street office corridor in Carmel—if officials approve a couple of notable exceptions to the city’s development guidelines for the area.
Lilly Endowment takes stock of year with $270.3M in grants
More than two-thirds of its grants in 2013 went to groups in Indiana, according to the philanthropic organization’s newly released annual report.
Lilly Endowment sells Lilly stock for first time since ’08
Indianapolis-based Lilly Endowment sold 150,000 shares of Eli Lilly and Co. stock on Monday, resuming a short-lived asset diversification plan suspended when stock prices swooned in 2008.
Charitable giving firm sees surge
An increasingly popular philanthropic tool is driving growth at locally based Renaissance Administration LLC, almost tripling its business over the last five years.