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Endowments
IMA's new CEO aims to bolster finances by doubling attendance
February 9, 2013
Dan HumanIndianapolis Museum of Art CEO Charles Venable plans to cut costs and use major exhibits to boost attendance—a strategy
aimed at reducing the museum’s reliance on investment returns and allowing its endowment to grow back to pre-recession
level.
MoreUnited Way lands $11M in grants from Lilly Endowment
January 24, 2013
IBJ StaffUnited Way of Central Indiana will receive more than $11 million from the Lilly Endowment to boost its capital fund, combat
poverty and provide professional development, the groups announced Thursday morning.
MoreLilly Endowment gives Indiana nature trust $10M grant
November 14, 2012
Associated PressThe grant announced Wednesday by the Indiana Department of Natural Resources brings to $30 million the amount of funding for
the initiative to acquire more wilderness land to mark the state's 200th birthday in 2016.
MoreClowes to get $2M upgrade for 50th anniversary
October 30, 2012
Kathleen McLaughlinClowes Memorial Hall at Butler University will get a $2 million makeover that will involve replacing 2,200 seats and carpeting,
Butler announced Tuesday.
MoreZoo building impressive fundraising record
October 27, 2012
Dan HumanThe Indianapolis Zoo has reeled in $25 million of the $30 million it’s seeking for a capital campaign that will pay
for a new orangutan facility, among other projects.
MoreUniversity endowments are digging out of deep hole
October 20, 2012
Dan HumanIndiana college endowments have surged back since the recession, but three-quarters closed the 2011 fiscal year below where
they were when the market crashed.
MoreSymphony donors question giving amid contract dispute
September 29, 2012
Dan HumanThe ailing Indianapolis Symphony Orchestra intends to step up annual donations 40 percent. But many longtime donors feel conflicted
about future contributions as they await word on whether the ISO will scale back to part time.
MoreInvestment gains push Lilly Endowment's worth to $6.2B
June 1, 2012
Lilly Endowment earned $884.6 million on its Eli Lilly and Co. stock in 2011, bringing the total worth of the grant-making
powerhouse to $6.2 billion.
MoreEndowment's resurgence emboldens IMA's leaders
May 26, 2012
Kathleen McLaughlinAfter three years of shrinking budgets, Indianapolis Museum of Art leaders are ready to leave the lean times behind. The IMA’s
endowment, which has covered close to 70 percent of operating expenses, is on the rebound and reached $324 million at the
end of last year.
MoreCharity watchdog flags symphony's fiscal troubles
May 5, 2012
ISO says Charity Navigator failed to account for endowment money that should have kept it off "deep trouble" list.
MoreIndiana United Ways get $3.15M for storm recovery
March 22, 2012
Associated PressThe Lilly Endowment is giving a $3.15 million to the Indiana Association of United Ways to help southern Indiana recover from
recent tornadoes and other storms.
MoreCity-County Council member gives salary to local library
February 21, 2012
Steve Talley will donate his council salary over the next four years, which totals about $52,000, to launch an endowment through
the Indianapolis Public Library Foundation in honor of his late wife, Donna.
MoreSymphony challenges complicate CEO search
February 18, 2012
Kathleen McLaughlinIndianapolis Symphony Orchestra trustees are seeking a new leader who can help reverse three consecutive years of seven-figure
budget deficits, raise $100 million to replenish its endowment and motivate staff working for reduced pay.
MorePulliam trust plans to boost giving for environment
December 15, 2011
Kathleen McLaughlinStarting with a $1 million grant to Marian University's EcoLab, the Nina Mason Pulliam Charitable Trust plans to start giving
a greater share of its money to environmental groups.
MoreEiteljorg Museum lands $17.1M donation
November 10, 2011
Kathleen McLaughlinThe museum will put the money, its largest gift ever, toward boosting its endowment and adding an array of interactive features
in its galleries.
MoreGlobal micro lender Grameen ramps up in Indianapolis
August 6, 2011
Low-income women could receive loans in weeks.
MoreLocal foundation joins forces with national grantmaker
May 7, 2011
IBJ StaffAtlanta-based organization has $1.3 billion in assets.
MoreRiley Children's Foundation picks up Purdue development official
March 5, 2011
IBJ StaffRobin Bellinger was a member of the management team for “The Campaign for Purdue,” which raised $1.7 billion.
MoreArts endowments bouncing back
January 1, 2011
Kathleen McLaughlinThe stock market’s recovery has lifted endowments that provide major support to local arts groups, but managers are
keeping the conservative attitude they were forced to adopt two years ago.
MoreIMA searching for executive to lead big capital campaign
June 26, 2010
Kathleen McLaughlinThe Indianapolis Museum of Art is gearing up for a major campaign and will create a senior management position in fundraising.
CEO Maxwell Anderson said the national search for a “chief development officer” coincides with strategic planning
that will result in a capital campaign for a still-unspecified amount.
MoreWomen's Fund sets $20 million goal for endowment
April 10, 2010
Kathleen McLaughlinThe 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.
MoreUniversities spare fund-raisers amid budget cuts
March 27, 2010
Kathleen McLaughlinThe IU Foundation recently cut 18 of 201 staff members but nonetheless is looking at adding reinforcements in fund raising.
MoreCollege endowments growing, but so is tuition
March 3, 2008
Tracy DonhardtEndowments at Indiana colleges and universities are soaring, due in part to impressive investment returns in recent years.
The swelling coffers here and across the nation are stoking the debate over whether universities should be using more of their
wealth to hold down tuition increases.
MoreEndowments on rise for small not-for-profits
October 22, 2007
Wendy GouldLeaders of small not-for-profits often are so concerned with day-to-day survival that they have little--if any--time to worry
about saving for the future. A growing number of local organizations are bucking that trend, taking a proactive approach to
build an endowment its leaders hope will result in more stable, predictable income.
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Irvington is up and coming much like Fountain Square. We would love to have something like this in our neighborhood!
Why do we care who has submitted proposals if we can't review the proposals? It's publicly owned land, but the public has zero say in what gets chosen to be built there. Yep, that sounds about right.
Perhaps May 21 is "Evangelical Day" over at the IBJ?
I don't know what's more depressing: that this passes for a defensible elective in a publicly funded SCIENCE class, or that more than half of the posters here are defending this charlatan. Intelligent design is creationism. Creationism is religion. Yes, we have freedom of religion, which deserves to be protected. Now someone kindly show Professor Hedin his freedom by escorting him over to the Religion department at BSU. Carry on.
I hope people realize that the 'vocal' opposition at the meeting represent the minority of people against this project. As with any controversial project - those who don't want it are the loudest, while those who like it or really don't care one way or the other don't come to such meetings. Unfortunately the same may be true of the survey now being offered by the BRVA. I live less than a 5 minute walk from BR Avenue and can tell you that I and most of my neighbors are support this exciting project, or are ambivalent. And how great that it includes quality apartments - something that BR sorely lacks. This is a first class opportunity that we should embrace (and no, I'm not with the BRVA or the developer.) As for the fellow who owns the Good Earth store, if he doesn't want competition then let him pull together his own investors and out bid Whole Foods to operate the proposed grocery component! Come on folks - let's move ahead.