Lilly Endowment to give $10M to start biosciences institute
The institute aims to attract 100 new scientists to Indiana to conduct research and development work aimed at launching new therapies for metabolic diseases.
Philanthropy
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BidPal, on a roll, doubles space
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
Business heavyweights raising cash for cops through foundation
A new foundation supporting the Indianapolis Department of Public Safety starts work in July, and its board is stacked with business and political leaders eager to help Director Troy Riggs advance the city’s cash-strapped operation.
Application deadline looms for leadership academy
Nuts about the squirrel statues planned as part of a public art initiative in Hamilton County? The Hamilton County Leadership Academy—where the idea originated as part of a group project—is accepting applications for its next class through June 30.
Report: Charitable giving by Americans on the rise
Americans gave an estimated $316.2 billion to charity last year, continuing a string of small philanthropic gains. What cause got the bulk of the bounty?
Low-key charitable foundation facing turning point
The low-profile but high-impact Nina Mason Pulliam Charitable Trust is at a key juncture after 15 years and more than $200 million in grants. Founding CEO Harriet Ivey plans to retire at the end of January, and one of her top lieutenants, Michael Twyman, just departed.
Indiana Landmarks nearing $25M fundraising goal
Preservation group Indiana Landmarks kicked off the public portion of its $25 million capital and endowment campaign Thursday evening, entering the homestretch of a fundraising effort that began in 2010.
Indianapolis moving forward with startup land bank
The executive director of the Land Bank of Indianapolis anticipates working with the city to issue a request for qualifications aimed at charitable and for-profit entities interested in acquiring properties.
NFP of NOTE: Net Literacy
Net Literacy increases computer and Internet access and literacy while providing student volunteers with leadership, job, science, technology, engineering, mathematics and life skills as they serve their community.
City awards $1M in federal funds for bike-rental service
Wisconsin-based B-Cycle LLC received a contract to spend up to $1.5 million to install its electronic stations and purchase bikes. Any spending beyond the federal funds will be covered by the Indianapolis Cultural Trail Inc.
Glick’s all-in style leaves mark throughout philanthropy
Marianne Glick’s community commitment has earned her the distinction of being named the 20th recipient of IBJ’s Michael A. Carroll Award, given annually to someone who has demonstrated the former deputy mayor’s qualities of determination, humility and devotion to the community.
Fishers, Noblesville put cuffs on charities to recoup tax revenue
Two growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted for development doesn’t end up in the hands of organizations that don’t pay taxes.
Riley CDC names successor to retiring executive director
Eric Strickland’s appointment was effective June 1. He brings more than 18 years of engineering, real estate development and economic development experience to the organization.
Sales of boomer-owned businesses deemed close at hand
Several factors have aligned to spark the long-expected trend.
NFP of NOTE: Big Brothers Big Sisters of Central Indiana
Big Brothers Big Sisters of Central Indiana provides children facing adversity with strong and enduring professionally supported 1-to-1 relationships that change their lives for the better.
Endowment assets soar $1.2B as Lilly shares climb
Lilly Endowment awarded $230 million in 2012, mostly to Indiana groups. Its fortunes still are largely tied to the value of Eli Lilly and Co. stock, despite an effort to diversify the private foundation’s holdings.
Ivey stepping down as leader of Pulliam trust
Harriet Ivey, president and CEO of the Nina Mason Pulliam Charitable Trust since its founding more than 15 years ago, plans to retire early next year, the trust announced Thursday.
Lilly Endowment’s $3.4M grant to bring more teachers to Indy
Indianapolis-based education reform group The Mind Trust will use the grant to help support teacher recruitment and training programs such as Teach for America.
Friday fun: Master gardeners dig annual sale
Dirt has been flying throughout Hamilton County as hundreds of master gardeners prepare for their annual sale. The green thumbs produced more than 12,000 plants to raise money for scholarships and other programs.
NFP of NOTE: Jameson Camp
Jameson Camp enriches the lives of Indiana youths by inspiring them to discover their strengths.