IBJNews

Hamilton County foundation president leaving

Back to TopCommentsE-mailPrintBookmark and Share

The president of a $40 million foundation serving Hamilton County will step down at the end of the month to take a similar job in Iowa.

Brad Little, president of the Legacy Fund, an affiliate of the Central Indiana Community Foundation, is leaving to become president and CEO of the Ottumwa Regional Legacy Foundation, a newly created foundation.

"I have been privileged to be associated with Legacy Fund for more than three years of remarkable growth, board energy and community engagement,” Little said in a prepared statement. “My new position is a once-in-a-lifetime opportunity to build an organization from the ground up."

CICF President Brian Payne said Little will be sorely missed. “Under his leadership we have grown the foundation from $25 million to almost $40 million and raised
nearly $28 million in one of the worst economies of our lifetime," Payne said in a prepared statement. Little also is a vice president at CICF.

The Legacy Fund board and CICF have assembled a search committee to fill Little’s position. Payne will lead the fund on an interim basis.

Legacy Fund was founded in 1991, and in 1997, it joined with the Indianapolis Foundation to create the Central Indiana Community Foundation. CICF manages more than $480 million in charitable assets.

The Legacy Fund provided $3 million in grants to 260 different Hamilton County organizations in 2008, the latest year for which information was available. Little was paid a total of $109,744 that year, foundation records show, including $7,836 in compensation from CICF.

Little came to CICF from the Carmel Dads' Club, where he was executive director for five years. Before that, he was chief operating officer and vice president of finance and insurance at Lambda Chi Alpha fraternity's national headquarters.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. 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.

  2. If you only knew....

  3. 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.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

ADVERTISEMENT