ISO says Charity Navigator failed to account for endowment money that should have kept it off "deep trouble" list.

The 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.

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.

Indianapolis 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.

Starting 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.

The museum will put the money, its largest gift ever, toward boosting its endowment and adding an array of interactive features in its galleries.

Low-income women could receive loans in weeks.

Atlanta-based organization has $1.3 billion in assets.

Robin Bellinger was a member of the management team for “The Campaign for Purdue,” which raised $1.7 billion.

The 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.

The 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.

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.

The IU Foundation recently cut 18 of 201 staff members but nonetheless is looking at adding reinforcements in fund raising.

Endowments 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.

Leaders 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.