Central Indiana Community Foundation

Cultural Trail opens, fuels development

December 28, 2013
Lou Harry
The trail officially opened in May at a cost of $63 million, including $6 million for a maintenance endowment.
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Gene Glick was a soldier, a builder and a philanthropic giantRestricted Content

October 5, 2013
Norm Heikens, Jeff Newman
Gene Biccard Glick, who died at home following a long battle with Alzheimer’s disease, built affordable housing sprawling across 10 states—a business empire that paved the way for tens of millions of dollars in donations to causes ranging from medicine to recreation.
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Promoters of arts trail recast vision

July 6, 2013
Kathleen McLaughlin
A mural slated for one wall of the Broad Ripple parking garage will be the first new artwork within view of the Central Canal Towpath, which a group of north-side institutions would like to rebrand as the Art2Art trail.
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Community foundations recovering from recessionRestricted Content

May 19, 2012
Many have bounced back and report asset levels that exceed their 2007 highs.
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Foundations try to tap grain farmers' wealthRestricted Content

March 10, 2012
Kathleen McLaughlin
The average price Indiana farmers received for a bushel of corn reached a high last August of $7.18, nearly twice as much as the prior year. That kind of windfall tends to benefit farm-equipment sales, but it could also lead to more charitable giving.
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Cultural Trail leaders cancel plans for controversial statue

December 13, 2011
Kathleen McLaughlin
The Central Indiana Community Foundation and Indianapolis Cultural Trail Inc. have pulled the plug on a controversial sculpture depicting a freed slave.
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Grant-makers adapt to post-recession normalRestricted Content

December 3, 2011
Kathleen McLaughlin
After the financial crisis of 2008, foundations in Indiana and across the country set up special relief funds for their communities. Ongoing support for the one formed in Indianapolis is just one sign of how the poor economy is still influencing grant-makers’ decisions.
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Junior Achievement lawsuit swells with defendantsRestricted Content

December 3, 2011
Kathleen McLaughlin
The defamation case filed by former CEO Jeffrey Miller now has 17 defendants, many of whom are accused of posting disparaging comments on websites.
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Decision nears on fate of freed-slave sculpture

October 7, 2011
Kathleen McLaughlin
Controversy has swirled around a piece of art commissioned for the Cultural Trail’s $2 million public art program. What ultimately happens to Fred Wilson’s “E Pluribus Unum” sculpture of a freed slave could alienate local African-Americans who oppose it or draw the scorn of national art critics.
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State fair foundation sets up fund for victims

August 15, 2011
Kathleen McLaughlin
Hoosiers have already given thousands of dollars to the Indiana State Fair to help victims of Saturday's stage collapse.
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Wilson sculpture prompts talk about race, art

January 29, 2011
 IBJ Staff
The Chicago-based Joyce Foundation has granted $50,000 to support the Central Indiana Community Foundation’s ongoing outreach efforts surrounding the controversial sculpture.
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Hamilton County foundation president leaving

November 22, 2010
Kathleen McLaughlin
Legacy Fund President Brad Little is stepping down to take a similar job in Iowa. In three years, the foundation serving Hamilton County has grown from $25 million to $40 million in assets.
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Shuttered school finding new life as community center

August 10, 2010
Joe Jasinski
Two years after Indianapolis Public Schools closed School 37, a multimillion-dollar redevelopment project is set to breath new life into a building that served the Martindale-Brightwood community for 81 years.
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JA working its way out of real estate troublesRestricted Content

June 19, 2010
Kathleen McLaughlin
If the debt refinancing is completed, Junior Achievement would be nothing more than a tenant at the Gene B. Glick Junior Achievement Education Center.
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Fate of $200,000 JA scholarship a mysteryRestricted Content

May 1, 2010
Kathleen McLaughlin
The turmoil that now engulfs Junior Achievement of Central Indiana likely was spawned by questions that arose in 2008 about the handling of a scholarship fund worth about $200,000.
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Women's Fund sets $20 million goal for endowment

April 10, 2010
Kathleen McLaughlin
The Women's Fund of Central Indiana recently completed an endowment drive that raised $7 million, making the endowment one of the largest of its kind in terms of assets.
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Retired Junior Achievement exec files defamation suit

April 2, 2010
Kathleen McLaughlin
Former Junior Achievement CEO Jeff Miller says Mayor Greg Ballard was about to hire him as a senior policy adviser, but comments by Central Indiana Community Foundation President Brian Payne and current CEO Jennifer Burk ruined the offer.
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Contractors seek answers over Junior Achievement project

March 18, 2010
Kathleen McLaughlin
The Central Indiana Community Foundation has stopped payment on a $3 million grant to Junior Achievement because of accounting questions.
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Expected flurry of charity mergers fails to materialize

December 26, 2009
Kathleen McLaughlin
Observers offer various explanations for the lack of mergers, including that staff and budget cuts have left many not-for-profits without the manpower or time for due diligence.
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Lilly Endowment boosts emergency fund by $1M

November 18, 2009
Kathleen McLaughlin
The fund has helped more than 6,000 households in six counties pay for housing, utilities and food.
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CICF lost more than its foundation peers in '08

November 10, 2009
Kathleen McLaughlin
The $491 million Central Indiana Community Foundation has switched investment advisers after the market crash of 2008, a year in which it saw greater losses than many of its peers.
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Polis Center's Spirit and Place Festival wants place on your schedule

October 31, 2009
 IBJ Staff
The civic festival Spirit and Place, which runs Nov. 5-16, has been a fixture of the fall season since 1996, but organizers are still trying to explain to Indianapolis residents what it’s all about.
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Women's Fund narrows its focusRestricted Content

April 13, 2009
Katie Maurer
Critical endowment has lost half its value during slump
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Grant-makers, stung by market crash, favor safety-net causes, discourage new applicantsRestricted Content

February 2, 2009
Kathleen McLaughlin
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams toward pressing needs brought on by the recession.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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