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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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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.