Philanthropy

Anonymous donor gives $5 million to Marian University

October 8, 2009
 IBJ Staff
Marian University has received an anonymous $5 million gift to support student scholarships, the Indianapolis-based school announced Wednesday.
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Some U.S. charity executives shared the pain in 2008

October 3, 2009
 IBJ Staff
Some—but not all—not-for-profit executives took pay cuts in 2008, according to the Chronicle of Philanthropy’s annual salary survey.
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Entrepreneur hopes real estate venture will rebuild neighborhoods, fund charitiesRestricted Content

September 26, 2009
Kathleen McLaughlin
David Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.
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NFL helps spruce up high school's football field

September 26, 2009
 IBJ Staff
The George Washington Community High School football team played its season opener at a newly renovated field and stadium, thanks to a joint effort of the National Football League, the Indianapolis Colts and Local Initiatives Support Corp.
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NFP of NOTE: St. Margaret's Hospital Guild

September 26, 2009
 IBJ Staff
St. Margaret’s Hospital Guild’s mission is to raise funds for the services and programs of Wishard Health Services.
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Weight-loss challenges at local firms raise money for charity

September 19, 2009
 IBJ Staff
Employees at five different companies collectively lost 805 pounds over six weeks this summer. They also raised $805 for Big Brothers/Big Sisters of Central Indiana.
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New Columbia Club general manager trying to reverse membership slideRestricted Content

September 12, 2009
Peter Schnitzler
James Rentschler hopes to restore the Columbia Club’s luster, and its membership roster, by returning the institution to its gilded roots.
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NFP of NOTE: 100 Black Men of Indianapolis

September 12, 2009
 IBJ Staff
100 Black Men of Indianapolis' mission is partnering with local schools, universities and other organizations to provide programs that encourage personal development, academic growth and basic life skills to positively impact the mental, physical, moral and spiritual development of young people.
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United Way scales back fund-raising goal

September 12, 2009
 IBJ Staff
United Way of Central Indiana recently announced a fund-raising goal of $39 million. That’s less than the goal of $40 million set last year, when fund raising fell short, ending at $38.8 million.
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Indianapolis Zoo won't be only not-for-profit to benefit from coupon book

September 12, 2009
 IBJ Staff
After several years of supporting the Indianapolis Zoo with the proceeds from its “Discover Indy” Savings Book, Delphi Specialty Publications Inc. will give to different charities.
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Community Fair promotes volunteerism

September 10, 2009
The city of Indianapolis and United Way of Central Indiana will host the eighth annual Community Fair on Monument Circle from 11 a.m. to 2 p.m. tomorrow to commemorate the anniversary of 9/11.
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Simon Foundation gives $1M to library literacy initiative

September 9, 2009
 IBJ Staff
The Indianapolis-Marion County Public Library Foundation today announced that it has received a $1 million gift from the Herbert Simon Family Foundation to expand its early childhood literacy initiative.
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Indiana Fiscal Policy Institute seeks comebackRestricted Content

September 5, 2009
Peter Schnitzler
The Indiana Fiscal Policy Institute’s board has hired Indianapolis Star business columnist John Ketzenberger to engineer a resuscitation.
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United Way divvies up $5.8M in homelessness funds to 20 groups

September 2, 2009
 IBJ Staff
Twenty local agencies that help fight homelessness will receive $5.8 million in federal stimulus funds, the United Way of Central Indiana announced today.
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Not-for-profit wins $80K prize

August 29, 2009
 IBJ Staff
College Mentors for Kids won $80,000 in products and services from a host of local companies in the Indy Business Makeover Competition. The winner was selected from among 10 finalists through online voting.
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Harrison Ford to consult on Indianapolis Prize

August 29, 2009
 IBJ Staff
The $100,000 Indianapolis Prize, given every other year for achievement in animal conservation, said novelist and Miami Herald columnist Carl Hiaasen and actor Harrison Ford will be co-chairs for the September 2010 award.
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Humane Society eyes city for $3M clinic

August 27, 2009
Kathleen McLaughlin
The Humane Society of Indianapolis is shopping for donors to support construction of a $3 million spay/neuter clinic in the Fountain Square area.
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Homeless youth ministry wins promo video

August 24, 2009
 IBJ Staff
The local video production company Bennett Innovations will donate a $25,000 custom video to Outreach Inc., a Christian organization that ministers to homeless youth.
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Little Red Door names new leader

August 11, 2009
Kathleen McLaughlin
The Little Red Door cancer agency has hired Fred Duncan, the chief fund-raiser at the Indianapolis Museum of Art, as its new executive director, the not-for-profit announced today.
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New Junior Achievement chief hopes to reach more kidsRestricted Content

August 10, 2009
Kathleen McLaughlin
The new CEO of Junior Achievement of Central Indiana, Jennifer Burk, said she has ideas for reinvigorating the base of corporate supporters and reaching more students with entrepreneurship programs.

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United Way calling on well-heeled to dig deepRestricted Content

August 10, 2009
Kathleen McLaughlin
After so many years of trying to tap every possible cubicle-dweller for donations, United Way of Central Indiana is putting more effort into the richest veins in the workplace—the folks in corner offices.
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Charities gear up to provide school supplies, clothes

August 10, 2009
 IBJ Staff
Two local organizations are trying to outfit thousands of kids before Indianapolis-area schools begin classes in August.
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Penrod Society sues ex-treasurer for $380,000

August 3, 2009
Kathleen McLaughlin
The Penrod Society has filed a lawsuit against former treasurer Brandon Benker, seeking to recover more than $380,000 it alleges he embezzled last year.
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Penrod Society sues ex-treasurer for $380,000

August 3, 2009
Kathleen McLaughlin
The Penrod Society has filed a lawsuit against former treasurer Brandon Benker, seeking to recover more than $380,000 it alleges he embezzled last year.
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New Franklin College office to help not-for-profits recruit volunteers

August 3, 2009
 IBJ Staff
Franklin College has a new office that helps Johnson County not-for-profits develop Web sites and recruit volunteers. The Nonprofit Resource Center was sparked in part by the lack of volunteer coordination during the summer floods of 2008.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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