Philanthropy

NFP of NOTE: Indianapolis Art Center

February 23, 2009
The Indianapolis Art Center works to engage, enlighten and enhance our communities through art education, participation and observation.
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Cookie revenue spread thinRestricted Content

February 23, 2009
Ever wondered, as you shell out $3.50 for each of those precious boxes of cookies, how much cash goes directly to the Girl Scout troop?
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Family foundations represent nearly $1 billion in Hoosier assetsRestricted Content

February 16, 2009
Kathleen McLaughlin
Although family foundations may grant as little as $50,000 in a year, these foundations wield influence over other philanthropists, and one advocate says they could help guide the spending of billions of economic stimulus money.
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Pacers Foundation keeps givingRestricted Content

February 16, 2009
The Pacers Foundation Inc. eclipsed more than $700,000 in giving in 2008, according to Pacers Foundation Executive Director Jami Marsh.
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Orchestra lays off eight as donations, ticket sales dropRestricted Content

February 16, 2009
The Indianapolis Symphony Orchestra will look to volunteers to help cover the work done by eight people who were laid off last week in a move to trim $600,000, or 2 percent, from the $29.5 million annual budget.
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Project plants seeds of academic successRestricted Content

February 16, 2009
United Way is spending $114,000 to bring Project Seed, a program with specially trained math experts, to 11 Indianapolis Public Schools.
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Not-for-profit governance needs to be taken seriouslyRestricted Content

February 9, 2009
Michael Alerding
Many boards of directors have not taken to heart their responsibilities, opting instead for the easier route of trusting management and operating personnel.
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NFP of NOTE: Fairbanks

February 9, 2009
Fairbanks is focused on recovery from alcohol and other drug problems, serving as a resource to improve the well-being of individuals, families and communities by offering hope and support through its programs and services.
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Arts leaders brainstorm for new funding streamsRestricted Content

February 9, 2009
Kathleen McLaughlin

A panel convened by IBJ discusses the lack of funding dilemma and need for broad-based support in the Indianapolis arts community.

 

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IU scores with 'Philanthropy 50' giftsRestricted Content

February 9, 2009
Two Indiana businessmen, Michael Maurer and the late Jesse Cox, made the Philanthropy 50 with enormous gifts to Indiana University in 2008.
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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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Library foundation to launch $10,000 prize for HoosiersRestricted Content

February 2, 2009
Indiana has its share of renowned dead writers, but the Indianapolis-Marion County Library Foundation is planning to recognize modern-day Hoosier scribes with a new and quite hefty prize.
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Police museum plannedRestricted Content

February 2, 2009
The not-for-profit Indianapolis Historical and Educational Foundation is planning a police museum in the first floor of an old warehouse along Pennsylvania Street across from Conseco Fieldhouse.
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Women's Fund backs home for teen girlsRestricted Content

February 2, 2009
A group of volunteers who hope to open a home for pregnant teens will soon hire an executive director, thanks to a $25,000 grant from Women's Fund of Central Indiana.
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Private gifts give city a liftRestricted Content

January 26, 2009
State and local governments in Indiana aren't known for pouring tax money into so-called progressive causes. Private money often has to step in.
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Dome roof finds new lifeRestricted Content

January 26, 2009
The salvage operation surrounding the old RCA Dome's fabric roof has taken on a life of its own. Portions of the 13-acres of Teflon-coated dome material saved when the stadium was demolished is going to a variety of uses, including Dome Bags, a line of purses and wallets.
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NFP of NOTE: FACE Spay/Neuter Clinic

January 26, 2009
FACE Spay/Neuter Clinic strives to end pet overpopulation in Indianapolis through high-volume, low-cost, and high-quality spay/neuter surgeries.
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Second Helpings closes catering armRestricted Content

January 26, 2009
Local caterers will have one less competitor in 2009, after Second Helpings closed its for-profit catering arm, Just Cause.
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City's environmental effort gets boostRestricted Content

January 19, 2009
Chris O'Malley
The McKinney Family Foundation has created a fund to support initiatives of Mayor Greg Ballard's 3-month-old Office of Sustainability, an environmental initiative that promotes projects ranging from energy-efficient city buildings to bicycle paths.
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Hands-on lab teaches students personal financeRestricted Content

January 19, 2009
Kathleen McLaughlin
When middle school students arrive at Junior Achievement's "Finance Park," they've been learning for weeks about financial institutions, taxes, and budgeting. They should be ready to take on a hypothetical life scenario, complete with assigned salary and number of children, and go to work on a budget.
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Local Dress for Success hires new executive directorRestricted Content

January 12, 2009
Barbara S. Ellsworth, formerly the director of an Evansville women's shelter, is the new leader of Dress for Success Indianapolis.
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Unable to pay bills, callers flood hotlineRestricted Content

January 5, 2009
Needy families responded en masse to the news that local charities received a $3.2 million infusion to help cover basic needs, according to a follow-up survey by Connect2Help.
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Grant from racecar driver will rescue thoroughbredsRestricted Content

January 5, 2009
A group of thoroughbred lovers concerned about the horses' futures spend every weekend during the summer racing season at Hoosier Park.
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Give to children's charities at the holidaysRestricted Content

December 22, 2008
Morton Marcus
As this year closes, you have an opportunity to help causes that help children.
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Indy-art-loving lawyer pays studio rent for artistsRestricted Content

December 22, 2008
Paul Hunt, a partner with Barnes & Thornburg, recently decided to pay seven months' studio rent for two artists at Harrison Center for the Arts. And the Columbia Club on Monument Circle is looking for new members.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. 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.

  4. If you only knew....

  5. 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.

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