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NFP of NOTE: Giving Sum

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Not-For-Profit of Note


Giving Sum
615 N. Alabama St., Suite 119
Indianapolis, IN 46204
Phone: (317) 847-2890
Fax: (317) 860-3232
Web site: www.givingsum.org
Founded: 2008
Paid employees: none (Giving Sum is volunteer-run.)
Highest-paid staff member: not applicable
Top volunteers: founding members Ryan Brady, Darrin Brooks, Lindsay Doucette, Marty Posch

MISSION

Inspire and engage the next generation, mobilizing their passions, talents and resources to support innovative community initiatives.

BOARD OF DIRECTORS

Marty Posch, president
Darrin Brooks, vice president
Randy Henry, treasurer
Ryan Brady, secretary
Lindsay Doucette, founding member

PROGRAMS

Support for innovation: Members contribute $500 to a collective grant fund. They also commit to using their talents and voice to support innovative social benefit ideas. They annually use an objective and democratic process to decide how to allocate $50,000 of financial support, volunteer time and advocacy efforts.

Lunch with Leaders: Giving Sum members sit down with central Indiana's top business, government and not-for-profit leaders. Discussions focus around why that leader gives back to the community and how philanthropy has impacted that leader's life. Lunch discussions are held once per month, usually at the place of the leader's employment.

FUND-RAISER

Ale Yeah! A microbrew festival benefiting Giving Sum, to be held in 2009 on Oct. 10 at the Rathskeller Biergarten. This year's innaugural event, Oct. 11, raised $9,171.

FINANCIAL PROFILE

2007 income: not applicable
2008 income: $60,000
2007 expenses: not applicable
2008 expenses: $57,000
2007 assets: not applicable
Fiscal year begins: Jan. 1

2008 income

Sponsorship: 12.5 percent
Fund-raiser: 12.5 percent
Membership contributions: 75 percent

2008 expenses

Marketing: 3.5 percent
Program supplies: 5 percent
Fundraiser: 3.5 percent
Grant: 88 percent

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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