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2011 Forty Under 40: Martin Posch

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About me...
Martin Posch
Executive director
Finish Line Youth Foundation
39
Web sites:
Social media:
On my hip:
iPhone
Most-used apps:
Kindle for iPad
Dragon Dictation
Keynote
Paper Toss!
Favorite stuff:
Books, including "Devil in the White City," by Erik Larson, "Born To Run," by Christopher McDougall, "In Pursuit of the Common Good," by Paul Newman; movies, including "Eternal Sunshine of the Spotless Mind," "The Departed" and "Stripes"
 

When he’s at work, Marty Posch spends his time trying to figure out the best way for Finish Line Youth Foundation to dole out hundreds of thousands of dollars to children’s charities across the country. When he’s not, you’ll find him running his own philanthropy, Giving Sum, or volunteering around town.

“I like to give back a lot,” he said.

Posch started his career at WTTS-FM 92.3 on the air and in promotions. During the latter part of his six years there (1994 to 2000), he put together the Toys for Tots Christmas concert and other events to help charities.

“That gave me a little taste of the power of engaging people to do something in the community,” he said.

Then he took on his first volunteer job—at Riley Hospital for Children, where he delivered toys to the children. “I realized how much it meant to the kids, how much it meant to Riley and just how volunteer-focused they are, and realized how I was being changed as a person through my experiences,” he said.

Posch’s career path took him to IUPUI, where he worked in community relations and earned his master’s degree. In 2008, he started Giving Sum, which donates $50,000 annually to a local charity, and in October last year he became the first executive director of the Finish Line Youth Foundation.

In May, Posch, who is single with no children, did something for himself: He ran his first mini-marathon. “I was very proud of that because I didn’t do much exercising in the 37 years before that.”

But mostly, he likes to do for others and tries to convince people to do the same.

“It’s not just you giving time or money,” he said. “You’re actually getting quite a bit out of it, too. The only way to experience that is to go out and do it.”•

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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