Butler to use $4M gift to build new presidential residence
The Jay and Christie Kile Love University House will serve as both a home for future Butler presidents and a venue for hosting fundraising and other community events.
Philanthropy
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Black quality-of-life initiative doles out $21M in grants
The National Urban League has selected 40 organizations in Marion County to receive more than $21 million in grants through the new Indianapolis African American Quality of Life Initiative, it announced this week.
Local not-for-profits receive $260K in family homelessness grants
The funds will allow Family Promise of Greater Indianapolis to expand its apartment shelter program and support The Learning Tree’s tenant advocacy program.
Lilly Endowment sells more than $500 million in Eli Lilly stock
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.
More than $2.5M awarded to Indiana legal aid providers
Legal aid providers around the state that offer civil legal assistance to low-income Hoosiers have received a financial boost totaling more than $2.5 million from the Indiana Bar Foundation.
Q&A: Celebrating the Black tradition of giving
Jacqueline Bouvier Copeland established Black Philanthropy Month in 2011 to raise awareness of the global Black community’s tradition of giving.
Fred Payne leaving DWD for top job at United Way of Central Indiana
Payne, who has led the DWD for more than four years, will exit his current job July 8 and join the United Way on July 18. He will take over for Ann Murtlow, who is retiring June 30 after nine years leading the not-for-profit.
U.S. charitable giving hit record in 2021, but inflation looms
The Giving USA report from Indiana University’s Lilly Family School of Philanthropy says donations in 2021 were 4% higher than the record-setting $466 billion contributed in 2020. But that amount was down 0.7% when adjusted for inflation.
Local Big Brothers Big Sisters group gets $2.9M of blockbuster gift
Billionaire philanthropist MacKenzie Scott has given $122.6 million to Big Brothers Big Sisters of America, which includes $2.9 million for the local arm of the youth mentoring organization.
Irsay acquires Kurt Cobain’s ‘Smells Like Teen Spirit’ guitar for $4.5M
The auction, which brought in a total of nearly $15 million, featured numerous Nirvana-related items that were sold, with a portion of the proceeds going to the Colts’ Kicking The Stigma mental health awareness campaign.
High inflation leaves food banks struggling to meet needs
Food banks across America say negative economic conditions are intensifying demand for their support at a time when their labor and distribution costs are climbing and donations are slowing.
Record gift to launch new Krannert real estate program at Purdue
The Krannert School of Management at Purdue University has received a nearly $21 million gift from the Dean and Barbara White Family Foundation, the largest gift in the school’s history.
Butler names new sciences building Levinson Family Hall after $10M gift
Levinson Family Hall, which opened to the public in summer 2021, connects existing science building Gallahue Hall to the Holcomb Building, which previously housed the Andre B. Lacy School of Business.
IU School of Medicine gets $12.5M gift commitment from Vera Bradley Foundation
The medical school said the commitment will help launch research efforts to develop better therapies for triple negative breast cancer, an aggressive form of breast cancer that is often not responsive to hormone therapies and is resistant to chemotherapy.
Franklin College lands record $3.9M donation from graduate
The donation came from a business leader who earned her bachelor’s degree from Franklin College in 1971, majoring in political science and history.
Indiana University gets $1M gift to support life sciences
The university announced the gift Thursday morning from Jeff Albers, who graduated from the Kelley School in 1993, and his wife, Alison. Albers has spent more than 25 years in the biopharmaceutical industry.
Inflation hitting not-for-profits’ services, ability to fundraise
Not-for-profits of all kinds are getting hurt by inflation, experts say. Price and wage increases are stressing them in multiple ways, making it harder to keep up with their own basic operational expenses while also forcing them to curtail the services they provide.
DeHaan estate could see new uses with zoning change
A zoning change would open the door for a number of new uses on the 152-acre property along the White River.
Butler exceeds $250M fundraising goal for its ‘Beyond’ campaign
So far, 34,622 donors have participated in the “Butler Beyond” campaign, including 13,351 individuals who became first-time donors to the university.
IBJ Podcast: Why the Irsays are spending millions on ‘Kicking the Stigma’ effort
Kalen Jackson, one of three daughters of Jim Irsay and a vice chair in the Colts organization, talks with host Mason King about why the family decided to focus on mental health, what they’ve learned about the problem along the way and how they got so many celebrities to participate.