Articles

Eli Lilly and Co.’s rebound bolsters endowment

The value of Lilly Endowment Inc.’s principal holding—Eli Lilly and Co. stock—has increased nearly $2 billion over the past two years, bolstering the private foundation’s philanthropic firepower after a decade of declining or stagnant assets.

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Lumina betting $10M on startups

Indianapolis-based Lumina Foundation, one of the nation’s largest donors to education groups, has given $10 million to a venture capital firm to fund for-profit startups with ideas to meet the nation’s education challenges.

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Lilly Endowment awards Butler biz accelerator $3M

The gift will enable the accelerator to keep providing consulting services to mid-size Indiana businesses using the experience of consultants, as well as Butler University faculty and students. It launched in 2005 with the help of a $22 million grant from the endowment.

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Komen grant recipients cope with controversy they didn’t create

Local health care providers won’t find an easy replacement for the grant money supplied by Susan G. Komen for the Cure. That money could be in jeopardy, as grass-roots Komen supporters appear to be sitting out of this year’s Race for the Cure in response to a national controversy over grants to Planned Parenthood.

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Ohio River bridge shutdown shrinks casino payments

The closure of Interstate 64's Sherman Minton Bridge linking New Albany and Louisville has reduced profit-sharing revenues paid by a southern Indiana riverboat casino to two counties and will delay officials from repaying $8 million to a foundation.

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