Lilly Endowment Inc. is continuing its decades-long support of the Indianapolis Neighborhood Housing Partnership, awarding the not-for-profit a $6.3 million grant to help low- and middle-income families become homeowners.
Manchester College will use money to launch the state’s third program offering doctorates in pharmacy.
Grant from Lilly Endowment will create a workforce training center, space for distance education and administrative offices at 45-year-old former hotel on North Meridian Street.
The current president will retire next June 30 but continue in an advisory role as the school begins to develop new educational approaches.
The grant came from a $45 million pool created by Lilly Endowment Inc. in 2008.
IU will use its Lilly Endowment grant to open its news Center for Law, Ethics and Applied Research in Health Information.
Lilly Endowment announced Monday that its assets declined 7 percent, to $5.3 billion, in 2009, as the foundation continued
to lose money on Eli Lilly and Co. stock.
Lilly Endowment has been a substantial Lilly stockholder for 73 years, so to focus on the past decade is a mistake.
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.
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.
Philanthropic giant has gifted $29 million since 2003 to fund research and education in financial services.
Lilly Endowment Inc. is continuing to support the state’s advanced-manufacturing initiative, giving Conexus Indiana a grant to help connect potential workers with the necessary training.
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 will give The Nature Conservancy in Indiana $1 million for its headquarters building, possibly reducing
the need for extensive borrowing.
Its education focus just might make the endowment more of a jobs engine than the Indiana Economic Development Corp.
Indiana University, which has received nearly $600 million from the endowment over the last three decades, will leverage the
new gift to increase its
scientific discoveries and commercialize life science innovations.
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.
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.
