Philanthropy

Financial woes force local charity to close

February 12, 2013
Motorsports-focused CARA Charities has ceased operations, the organization announced Monday. Championship Auto Racing Auxiliary Inc. said it was “unable to generate the financial means necessary” to continue supporting the auto-racing community in Indianapolis and beyond.
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Hospitals paying big to snag surgeonsRestricted Content

February 9, 2013
J.K. Wall
Across the four largest hospital systems in central Indiana, six physicians received more than $1 million in compensation in 2011 while two others received more than $900,000 and nine others received $700,000 or more, according to the hospitals’ most recent reports to the IRS.
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IMA's new CEO aims to bolster finances by doubling attendanceRestricted Content

February 9, 2013
Dan Human
Indianapolis 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.
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Symphony taps new partner to draw attendeesRestricted Content

February 9, 2013
Dan Human
The ISO hopes that occasionally featuring classically trained artists who stray from traditional symphony conventions will tap new audiences and fill empty seats.
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NFP of NOTE: CICOA Aging & In-Home Solutions

February 9, 2013
CICOA Aging & In-Home Solutions empowers older adults, those of any age with a disability and family caregivers to achieve the greatest possible independence, dignity and quality of life.
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DePauw University gets $31M in donations

February 4, 2013
Associated Press
The founder of Lincoln Capital Management and his wife have donated $20 million to DePauw University to provide financial aid to students, part of $31 million in donations announced by the school in central Indiana.
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Symphony reaches $5M fundraising goal

February 3, 2013
Dan Human
Performers had been working under a bridge agreement since a five-week lockout ended in October. At the time, the parties agreed that a new, five-year contract would go into effect only if the symphony raised $5 million by Feb. 3.
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NFP of NOTE: Volunteers of America of Indiana Inc.

January 26, 2013
Volunteers of America of Indiana is a faith-based organization that provides life-changing services to enhance the physical, emotional, spiritual and intellectual needs of individuals.
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United Way lands $11M in grants from Lilly Endowment

January 24, 2013
 IBJ Staff
United 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.
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Eli Lilly and Co.'s rebound bolsters endowmentRestricted Content

January 19, 2013
Dan Human
The value of Lilly Endowment Inc.’s principal holding—Eli Lilly and Co. stock—has increased nearly $2 billion over the past two years, bolstering the private foundation’s philanthropic firepower after a decade of declining or stagnant assets.
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Advocacy group waging war against welfare 'cliff effect'Restricted Content

January 19, 2013
Dan Human
Reform advocates say it’s common for parents to get a new job with a meager pay raise that is just enough to push them out of the eligibility limits. Ultimately, the families have less money.
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Zoo group introduces smaller counterpart to ZoobilationRestricted Content

January 19, 2013
The Indianapolis Zoo Associate Council—a recently formed collection of about 50 “young professionals” who support the Indianapolis Zoo—is hosting the inaugural Zoolala formal affair on Feb. 2.
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ISO far from $5M goal as deadline nearsRestricted Content

January 12, 2013
Dan Human
The Indianapolis Symphony Orchestra has raised barely half the $5 million the organization says it needs by Feb. 3 to live up to the terms of a contract it negotiated with musicians last fall.
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NFP of NOTE: Heritage Place of Indianapolis Inc.

January 12, 2013
Heritage Place of Indianapolis Inc. provides older adults with comprehensive and coordinated human services to encourage and promote healthy lifestyles, independence, well-being and quality of life.
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More than $2M going to Indy animal welfare efforts

January 8, 2013
Associated Press
Animal welfare groups in Indianapolis will receive more than $2 million from three foundations to provide spay-and-neuter services and help stray and abandoned animals.
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Beautification group gets boost from Lilly EndowmentRestricted Content

January 5, 2013
Keep Indianapolis Beautiful will use the money for 2013 operating expenses.
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NFP of NOTE: Concord Neighborhood Center

December 29, 2012
Concord Neighborhood Center offers educational, health, social and recreational activities for neighborhood residents of all ages.
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Land trust strategy goes nationalRestricted Content

December 22, 2012
Dan Human
The Central Indiana Land Trust has developed a 60-page strategy that identifies more than 300,000 acres that have conservation potential throughout the 3.1 million acres in Marion County and its eight surrounding counties.
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Indy team owners pledge $750,000 each to orchestra

December 19, 2012
Associated Press
The donations from Jim Irsay and Herb Simon, combined with a $500,000 challenge grant from symphony board member Yvonne Shaheen, bring the orchestra nearly halfway toward its goal of raising $5 million by Feb. 3.
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Parks foundation gets $10M from Lilly Endowment

December 17, 2012
 IBJ Staff
The Indianapolis Parks Foundation has received a record-setting $10 million grant from the Lilly Endowment to upgrade 13 parks in Marion County, the foundation announced Monday.
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Startup's stuffed toys help kids do goodRestricted Content

December 15, 2012
Andrea Muirragui Davis
Indianapolis-based Promise Monsters makes and sell plush toys that promote kindness through secret “missions” kids are asked to complete.
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NFP of NOTE: Salvation Army of Central Indiana

December 15, 2012
 IBJ Staff
The Salvation Army of Central Indiana, an international movement, is an evangelical part of the universal Christian church.
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Arts council launches local crowdfunding service

December 12, 2012
Dan Human
The Arts Council of Indianapolis on Wednesday unveiled a a new program to help central Indiana not-for-profit arts, cultural and humanities organizations raise funds for individual projects.
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Yakey takes new role at Lilly Endowment

December 11, 2012
 IBJ Staff
The Lilly Endowment has named former Indianapolis Economic Development Corp. president Wallace "Ace" Yakey Jr. as the vice president for community development, the Indianapolis grant maker announced Tuesday.
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Timmy Global Health wins $250K at NBC awards show

December 10, 2012
Dan Human
Indianapolis not-for-profit Timmy Global Health received a $250,000 grant Saturday after finishing third in nationwide voting on the "American Giving Awards."
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