IU lands $20M donation to establish lung cancer research center
The gift, announced Tuesday morning, is from local philanthropist Julie Wood, in honor of her late husband, Tom Wood, a prominent car dealer who died of lung cancer in 2010 at age 78.
The gift, announced Tuesday morning, is from local philanthropist Julie Wood, in honor of her late husband, Tom Wood, a prominent car dealer who died of lung cancer in 2010 at age 78.
The donation, which will be paid over five years, is a gift from local philanthropist Julie Wood, on behalf of the Tom & Julie Wood Family Foundation.
EmployIndy, the workforce development organization for Marion County, said the contribution will help the organization sustain and improve it’s youth employment system.
The 2024 All-Star Host Committee picked 24 projects across Indiana to receive funding meant to benefit youth. Each received up to $50,000—except one, a project at Crisamore House—that received more.
In recent weeks, the Indianapolis-based philanthropy has been unveiling a flurry of gifts at the $100 million level or higher.
The University of Indianapolis on Thursday said it would use the donation from former banking executive Laura Strain for a major expansion of the Ron and Laura Strain Honors College.
The funding includes $150 million from a single donor, marking the largest gift ever given to the university.
Each program is guaranteed to receive at least $100,000, with the organization represented by the winning team receiving an additional $240,000.
Universities, hospitals, museums, theaters, dance companies and other not-for-profits in Indiana pulled in a total of $348.7 million from 79 gifts of $1 million or more from individuals, family foundations and bequests, according to IBJ’s latest survey.
Indianapolis-based OneAmerica, which has been the Mini-Marathon’s title sponsor for the last 20 years, will end its sponsorship after this year’s race on May 4.
The gift announced Thursday will go toward a pooled endowment for the 37 historically Black colleges and universities that form UNCF’s membership, with the goal of boosting the schools’ long-term financial stability.
In addition, the Ricks Family Foundation says it will match up to an additional $2.5 million in donations from individuals, foundations and corporations.
Both Hail! Impact, an NIL organization for the University of Michigan’s Wolverines, and Montlake Futures, which supports athletes at the University of Washington, have philanthropy at their cores.
The 2023 list of gifts from individuals or their foundations totaled more than $3.5 billion. Four universities received big gifts, along with four scientific research institutes and a health care system.
The grant replenishes United Way of Central Indiana’s Capital Projects Fund, which helps not-for-profits purchase, build, upgrade or expand their facilities to better serve their clients.
The grants range from $5.8 million to $35 million each, with Ball State University in Muncie landing the largest grant.
The not-for-profit organization that helps Purdue University student-athletes use their name, image and likeness to boost charitable organizations has a new leader.
The list publicizes goods and services needed by not-for-profits in the Indianapolis area, so readers or their companies can donate items.
Not-for-profit organization GivingTuesday estimates that donors gave $3.1 billion this year on what has become one of the most important fundraising days of the year.
Supporting not-for-profits on GivingTuesday this year could have a bigger impact than usual. Why? Because not-for-profits and industry groups say donations so far are down compared with previous years.