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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCiting months without pay, contractors have stopped work on a building that is supposed to house a new culinary school for Ivy Tech Community College.
The college is forced to put off its move, planned in time for the fall 2010 semester, while the building's owner and Junior Achievement of Central Indiana resolve questions from the Glick Fund, which is backing the project with a $3 million grant.
What exactly prompted the questions is unclear, but Brian Payne, president and CEO of the Central Indiana Community Foundation, which manages the Glick Fund, said his organization isn't satisfied, even after bringing in an outside accountant.
Meanwhile, contractors say they're a Junior Achievement affiliate and the organization's former CEO, Jeff Miller,
After giving Junior Achievement enough money to design the building, the Glick Fund in November notified the organization that all future payments would be suspended, pending a review by an outside accountant.
"In November 2009, we became aware that there may be material issues with respect to a grant we had provided Junior Achievement of Central Indiana," said Brian Payne, president and CEO of the Central Indiana Community Foundation, which manages the Glick Fund on behalf of philanthropist Gene Glick and his family.
Payne was not available by phone and sent the state. As a result of our preliminary research, we informed Junior Achievement in writing on November 24, 2009 that all future payments under the grant would be suspended pending the resolution of these issues and certain written conditions including an independent review by a CPA firm.
"Central Indiana Community Foundation has spent hundreds of hours of staff time and tens of thousands of dollars trying to help JA resolve these issues," Payne said via e-mail yesterday. He was not available by phone and was traveling today. "The resolution of these issues is still a work in process."
releasing about $750,000 or more for the building's design, officials at the Glick Fund dto start work on the building laproject, officials at the Glick FundThe Glick Fund is a major source of philanthropy from apartment-complex mogul Gene B. Glick and his family. The Central Indiana Community Foundation manages the Glick Fundhalf-finished building is adjacent to Junior Achievement's headquarters at 7435 North Keystone Ave. Glick , the Gene B. Glick Junior Achievement Education Center. Glick, the founder of one of the region's largest apartment-rental companies, and his family made thThe 56,000 square-foot building houses Junior Achievement's BizTown and FinancePark areas, where kids learn about running businesses and personal financeand Marilyn Glick project was announced in May of 2008 as a joint project of Junior Achievement and Ivy Tech. Junior Achievement
What's behind the stoppage is an audit and ongoing "issues" with money that the Glick Fund granted to Junior Achievement of Central Indiana.
Central Indiana Community Foundation has spent hundreds of hours of staff time and tens of thousands of dollars trying to help JA resolve these issues. The resolution of these issues is still a work in process.
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