The stock sale is a primary way for the endowment, one of the largest private philanthropic foundations in the United States, to raise cash to make grants to arts, education, religious and community development organizations.
Marian University said the grant would help educate “a pipeline of diverse engineering talent” to meet the workforce needs of central Indiana.
Lilly Endowment said the grants, ranging from $1 million to $7.5 million, will help the organizations strengthen their long-term financial sustainability plans.
Urban Legacy Lands Initiative Inc. expects to create a preservation and stewardship framework to support the city’s Black communities, with a focus on equitable and inclusive neighborhood growth.
The program, offered through the Indiana 5G Zone, will offer established businesses matching grants of about $200,000 to help accelerate the commercial application of 5G technology.
The Central Indiana Community Foundation on Tuesday announced the grant, which is meant to support the six-year-old Connected Communities Initiative collaboration with the city of Indianapolis.
Since early March, the Lilly Endowment has sold 1.3 million shares of Eli Lilly and Co. stock, raising $391 million, according to government filings.
Local and state officials learned in January that several projects included in plans awarded grants just a month before might now be ineligible because of rules attached to the funding.
IUPUI is among eight universities to receive the latest round of funding from the National Science Foundation’s CyberCorps Scholarship for Service program, which aims to increase the nation’s supply of trained cybersecurity professionals.
The Indiana Sports Corp. would be responsible for administering a grant program to disperse the funds, with the organization giving money to groups across the state as well as using a portion of the funding for its own bidding efforts.
The Indianapolis Office of Public Health and Safety on Monday announced five new recipients of violence-reduction grants as part of a city program that began in 2018.
Manufacturing Readiness Grants launched last year as a pilot to stimulate private-sector investments in modernizing Indiana’s manufacturing sector.
The grants will help fund wellness projects supporting communities that were disproportionately impacted by the pandemic
Bilingual volunteers will staff the nine-language hotline starting Saturday, as health disparities by race and ethnicity linger in local case counts and inoculation rates.
The federal grant program, part of a larger pandemic relief effort, officially launched April 8, but its application portal crashed within hours because of technical problems. The portal is set to reopen Saturday.
The local community development not-for-profit also plans to tap into the national group’s technical and training resources.
Businesses are looking for the Shuttered Venue Operators Grant program, which had its launch derailed last week because of technical problems with the application portal, to reopen soon.
A Downtown Indy Inc. program to train and employ at-risk veterans plans to triple its internship opportunities after receiving more than $1.8 million in grant funding from Lilly Endowment.
The grants, which range from $180,000 to more than $8 million each, will be awarded to 28 Indianapolis-based organizations to fund new programs aimed at financial security or expand existing programs that address poverty-related challenges.
The grants for aiding work by 16 schools—including $10 million each to Butler University and Purdue University—will help address long-term priorities.
