IBJNews

Lilly Endowment’s value holds steady at $5.3 billion

Back to TopCommentsE-mailPrintBookmark and Share

Lilly Endowment Inc.’s assets remained flat last year, at $5.3 billion, as the Indianapolis-based private charitable foundation took a smaller loss on Eli Lilly and Co. stock than it did the previous year.

The endowment, one of the nation’s 10 largest grant-making foundations, disclosed the information in its annual report issued Thursday.

Eli Lilly stock, which accounts for 91 percent of the endowment’s assets, was worth nearly $4.8 billion at the end of 2010, just a 2-percent drop over the end of 2009, the report said..

The decrease in stock value was much less steep than the 11-percent drop that occurred in 2009. Lilly shares staged a rebound late last year, trading as high as $38.06 each in October after falling to a low in 2010 of $32.75 in May. The stock opened at $37.52 Friday morning.

Dividend income received by the endowment, however, fell 19 percent from 2009 to 2010, to $272.7 million.

Income listed as “other” plunged to $2.5 million last year from $110.4 million in 2009, giving the endowment total income in 2010 of $275.5 million, down from $448 million the previous year.

The drop in income led to less grant activity in 2010. The endowment distributed $206.4 million in grants last year compared with $276.1 million in 2009. It also approved $202.7 million in future grants during 2010 to 628 grantees, compared with $282.3 million the previous year.

The endowment must distribute 5 percent of the value of its assets. To meet that requirement, it must donate $217 million this year, the report said.

Of the grants distributed last year, 46 percent of the funds went to education, 31 percent to religion and 23 percent to community development. Most of the money, 73 percent, went to Indiana organizations. Thirty percent, or $62.3 million, went to Marion County grantees.

Lilly Endowment remains among the largest grant-making foundations, according to the Chronicle of Philanthropy’s annual ranking, despite shrinking dramatically in recent years. The foundation was worth more than $8.3 billion in 2005.

Founded in 1937, the foundation has distributed a total of $7.5 billion in grants since its inception.
 

ADVERTISEMENT

  • ROCK SOLID?
    I worry about the day the Endowment is "muscled" into selling all their shares---and then its over. I thought this could never happen, but then the Indy Star was bought out and I never thought the Pulliams would sell--but even they got an offer they could not refuse.

    Indiana is unique in this respect. I hope they can stay in the saddle (e.g. Bill Cook and what he and his family have done for Southern Indiana is something little appreciated---any other family would have sold out to China, etc., and been long gone).

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

  2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

  3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

  4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

  5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!

ADVERTISEMENT