Home » Philanthropy

Philanthropy

Articles

Riverview, Irsay take separate paths to exotic getaways: Nancy’s Retreat organizers start dueling events

One retreat tempts central Indiana women to “capture their dreams”-and grab a makeover while they’re at it-during a long weekend in Puerto Vallarta, Mexico. The other promises “a trip of a lifetime” in nearby Nuevo Vallarta. Last year, a hurricane swept away plans for the second annual Nancy’s Retreat getaway, which was created by Nancy Irsay and the Riverview Memorial Foundation. This year, different visions split the retreat in two and created competing trips that benefit separate charities. Neither side…

Read More

NOTIONS: Dear philanthropist: Make me a daydream believer

Last month, I picked up my boys in Fort Wayne, drove north on Interstate 69, hooked a left at Interstate 94, and got off at the Portage, Mich., exit. There, we whiled away the weekend at a family reunion. The grownups ate too much, caught up on gossip and puttered around the lake in the speedboat. The teenagers, whom we rarely saw, did X-Box battle in the basement. On Sunday, after the kids had surfaced for lunch and the grandparents…

Read More

Charities reap aid, confusion from new federal law: Pension Protection Act opens new avenues for giving

A new law signed last month by President Bush should open the valves to a fresh stream of charitable giving by allowing people to make tax-free donations from their IRAs for the first time. But philanthropy insiders say that, while the law gave, it also hath taken away. The Pension Protection Act encourages contributions from individual retirement accounts, but it crimps the use of popular donor-advised funds, which allow donors to maintain some control over how their contributions are spent….

Read More

Giving lifted by disasters: Donors generous to victims of catastrophies but didn’t forget usual causes, IU study finds

All told, individuals, corporations and foundations gave $260.3 billion to charity in 2005, 2.7 percent more than the year before even after adjusting for inflation, according to data compiled by researchers at Indiana University’s Center on Philanthropy for the annual “Giving USA” report. The report, set to be released June 19 by the Illinois-based Giving USA Foundation, answers a question that has been lingering for more than a year: Would the nation’s outpouring of support for victims of an Asian…

Read More

Site gets people involved: Institute uses Web to link volunteers with opportunities

When Roger Williams began approaching local not-for-profits early this year about his idea to post their volunteer opportunities for teen-agers on his Web site, many were skeptical. “What’s this guy trying to sell me?” they wondered. But six months after launching www.helpindyonline.com, part of his larger Emergent Leadership Institute, Williams has more than 80 charities promoting nearly 300 positions on his site for high school and college students interested in volunteering. The 36-year-old Carmel native and former youth pastor founded…

Read More

Gladish strengthening his ties to Indianapolis: Ex-YMCA president joins IU’s Center on Philanthropy

Kenneth Gladish first laced up his sneakers as a YMCA kid in Northbrook, Ill. Decades later, he tightened his tie as president of the national organization. In between, Gladish was a central figure in the Indianapolis charitable sector. Now his time at the YMCA of the USA has come to an end, and Gladish’s next step is up in the air. But one thing’s for sure-he’ll be maintaining his ties to Indianapolis. Gladish, 53, has accepted a three-year appointment as…

Read More

In midst of sale, Marsh rolling out new slogan: Grocer says it’s the place to ‘Treat your family well’

Executives at Fishers-based Marsh Supermarkets Inc. aren’t sitting on their hands, despite signing an offer a little more than a month ago to sell the grocery chain to a private equity group in Florida. For the past two years, they’ve been scratching away on flip charts coming up with a new brand. And they figure they might as well put it to use. They launched the new identity last month with the help of Dallas-based Ivie & Associates Inc., an…

Read More

Banks enroll to help educators: As Indiana falls behind, financial literacy programs blossom

Their answer: a need. As in, one cannot exist without food, shelter and a $175 pair of sneakers. While the marketing folks at Nike would smile at the association, it makes personal finance experts like Avery cringe. They say it’s another example of an alarming level of financial ignorance that has allowed nationwide consumer debt to zoom past $2 trillion. And the pain is especially acute in Indiana. “You don’t have to look far beyond the bankruptcy and foreclosure statistics…

Read More

Paid boards spur not-for-profit debate: Critics: If directors won’t give time, who will?

Indianapolis-based USA Funds is a large, complex organization, and members of its governing board are busy people. Same goes for the NCAA, another local not-for-profit with a national reach, a nine-figure budget and directors who are anything but professional volunteers. The two organizations have one key difference, though: USA Funds pays its board members. The NCAA does not. “It’s simply the nature of the world,” said Norm Lefstein, an Indiana University law professor who chairs the compensation committee at student-loan…

Read More

Tax forms not dependable as only source of NFP data:

Not-for-profit organizations’ tax filings can provide a wealth of information, from big-picture data like annual revenue and expenses to nitty-gritty details, including the CEO’s salary. But drawing conclusions-or trying to compare organizations-based only on the IRS Form 990 is difficult at best. First off, not all tax-exempt organizations are required to file tax returns. Groups with less than $25,000 in annual revenue are exempt from filing, as are all churches and many other religious institutions. And among those that do…

Read More

COMPEN$ATION CLASH: Complexity boosts not-for-profit pay, but should work be its own reward?

At least two large Indianapolis not-for-profits have been investigated-and cleared-as part of an Internal Revenue Service examination of compensation practices at tax-exempt organizations. Preliminary results of the nationwide inquiry aren’t expected until fall, but the scrutiny already has increased the volume in an ongoing debate over how not-for-profit executives should be paid. Some observers have called for setting limits on not-for-profit compensation, citing the charitable nature of the work. Others insist sixor seven-figure pay packages are not out of line…

Read More

Cream, sugar, social awareness: Fair-trade coffee firm looks beyond profits

When one considers the new company pays about 40 percent more for its raw product than do its non-fairtrade competitors-and it gives roughly $1 from every bag it sells back to the farmers who produce the coffee beans-it might seem like the McLeans are destined for drinking macchiatos in the poorhouse. But the couple didn’t build Advance Interface Solutions into a successful business by accident. And Beans for Better Life, their foray into the cappuccino craze, is hardly reckless. Local…

Read More

VIEWPOINT: Follow 3 C’s of strategic charitable giving

You do your best every day to make smart decisions about how you and your family members spend money. You know a haphazard approach to your personal finances isn’t efficient or effective, and you rely on common sense and planning to help you make smart spending decisions. I suggest you apply that thoughtful approach to your charitable giving, whether you’re a veteran philanthropist or someone who seldom does more than throw a few coins in a kettle. In fact, I…

Read More

ERODING FOUNDATION: Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound

Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound Wall Street is chipping away at Indianapolis’ most-venerable philanthropic institution. The value of Lilly Endowment’s primary asset-Eli Lilly and Co. shares-has dropped by more than half since 2000, forcing leaders to sell additional shares in order to give away hundreds of millions of dollars as required each year. Still, the privately run endowment remains a major Eli Lilly shareholder, with nearly 148 million shares of the company’s…

Read More

Rallying around charity: Local event teaches next generation the value of giving

Woodard’s two eldest children, Taylor and T.J., check in new arrivals as other family members slap vinyl decals on the cars lining up along Bearcat Alley for this year’s Van Riper Woodard Family Foundation charity road rally. Finally, at precisely 8:56 a.m., Woodard waves the green flag for the team from public broadcaster WFYI, which drew the pole position. The other teams depart one by one, every 60 seconds. For the next eight hours, the competitors will make their way…

Read More

Utility fund-raising effort takes heat for opt-out strategy: Critics say customers should be asked if they want to contribute to Operation Round Up-or any charity

The concept is a noble one: By rounding their bills up to the nearest dollar, utility customers can turn pennies into a philanthropic windfall for a worthy cause. Indeed, Operation Round Up programs at nearly 250 electric cooperatives nationwide-including 22 in Indiana-have collected more than $50 million for charity since the fund-raising effort began in 1989. But some observers question the method most participating utilities use to get their members involved. Rather than being asked to give, residential and commercial…

Read More

Givers should be smart as well as generous, experts say: Do your homework before donating to any cause

Charitable giving often is a spur-of-themoment thing, particularly if it’s a response to a disaster. Still, charitable groups, relief agencies and financial advisers say a little thought before making a donation is a good idea. Giant disasters such as Hurricane Katrina jolt many people into trying to help, often with no particular idea beyond simply doing something. However, some types of help are more helpful than others. Properly following the rules of charitable giving can provide a tax benefit. It…

Read More

Indianapolis responds to Katrina devastation:

Local philanthropic response to the epic disaster was almost immediate. Television and radio stations alike urged central Indiana audiences to make donations at dozens of collection sites, and the Salvation Army’s Indiana Division broke out its red kettles to help. The corporate community also responded. Gifts made by IBJ’s deadline include: Indianapolis-based Eli Lilly and Co. said it will contribute $1 million to the American Red Cross and match all contributions made by its U.S. employees. Lilly also will give…

Read More

More not-for-profits try for-profit ventures ______: Mission, not money, should be motivation, observers say

Finding money for the agency’s burgeoning hunger-relief and job-training programs was difficult, and additional growth would only add to the challenge. So leaders asked themselves an increasingly common question: “What else can we do?” And like a growing number of its not-forprofit peers in Indianapolis and elsewhere, Second Helpings thinks it has the answer in a for-profit venture. Using part of a $250,000 grant from Lilly Endowment Inc. and the expertise developed in seven years of preparing and delivering meals…

Read More