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Lilly Endowment's value drops to $5.3 billion

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Lilly Endowment Inc. announced Monday that its assets declined 7 percent, to $5.3 billion, in 2009, as the Indianapolis-based private foundation continued to lose money on Eli Lilly and Co. stock.

The stock, which accounts for 91 percent of the endowment's total assets, was worth $4.8 billion at the end of 2009, an 11-percent drop over the prior year, according to the endowment's annual report.

Lilly Endowment's directors blamed the economy for their declining assets, though the broader stock market staged a dramatic recovery.

"2009 proved to be another challenging year due to what many call the most significant economic downturn since the Great Depression," the report stated. "Not only did the value of Lilly Endowment's assets decline, the impact of the recent economic crisis continued to be felt by virtually all the endowment's grantees and the individuals and families they serve."

One positive aspect of the endowment's concentrated holdings was a 27-percent increase in dividend income, which was $337.4 million. That amount easily covered the endowment's grant-making activity.

In 2009, Lilly Endowment donated $276.1 million toward its three priorities: education, religion and community development. Most of the money, 76 percent, went to Indiana organizations.

The endowment also approved $282.3 million in future grants during 2009.

Lilly Endowment remains among the nation's 10 largest grant-making foundations, according the Chronicle of Philanthropy's annual ranking despite shrinking dramatically over the past half-decade. The foundation was worth more than $8.3 billion in 2005.

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  1. Again, Maria.... how much are YOU contributing? The man doesn't HAVE to give a red cent! What don't you get about that? And, I know this might actually require some actual "facts", but can you please point me to the parking garage that the city gave to him?

  2. Another internet tuff guy I see. And what would the basis of taking the person to jail? If they were drunk, yea. But if not, there would be no jailable offense. All these gestapo, Nazi, jackboots are running SCARED. When the SHTF in this country who's side are you going to be on? The citzens, or the establishment? Better make up your mind quick because it's not far off. I would rather be trying to make friends than enemies. But no worries my "friend", God will take care of you and your likes in good time. It tells us that in the bible. If you stand, support and help carry out the plans of evil rulers, you will NOT be spared the wrath of God. That simple. All you can do is repent now and ask God to forgive you.

  3. Yes, Ersal, thank you for donating a whole $75,000, while the city gives you a parking garage for free and is going to pay for a multi million dollar stadium for you. I'd be donating money too if I was on welfare.

  4. I live and work in Broad Ripple and agree 100% that the traffic is not a significant problem. It can be slow at some times, but hey...this is an urban area. As for the development itself...HOORAY. Office and retail development brings people during the day, something that our community needs much more of. Thank goodness people are finally waking up to take advantage of the serene White River views. The BRVA land us committee endorsed the project because they know how these kind of projects help offset the cries of "too many bars". Pray that this development, and the proposed major investment by Browning, move forward. And remember Good Earth, these will mean hundreds of daytime people - potential shoppers for your store.

  5. Under current, previous existing law, this new law would be unconstitutional. Not that supposedly having to have a driver's license to drive isn't in the first place.

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