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Butler mounts unusual campaign: Students, not buildings, major emphasis of effort

November 20, 2006

Butler University President Bobby Fong’s collection of baseball memorabilia sparks almost as much enthusiasm from him as the capital campaign the college publicly unveiled last month. The major difference of course is that the autographed bats and balls displayed in his office are far less valuable than the $125 million the college wants to raise by 2010. More than half the amount already has been procured from alumni and past donors during a silent phase that launched in late 2003….

Charities reap aid, confusion from new federal law: Pension Protection Act opens new avenues for giving

September 4, 2006

A new law signed last month by President Bush should open the valves to a fresh stream of charitable giving by allowing people to make tax-free donations from their IRAs for the first time. But philanthropy insiders say that, while the law gave, it also hath taken away. The Pension Protection Act encourages contributions from individual retirement accounts, but it crimps the use of popular donor-advised funds, which allow donors to maintain some control over how their contributions are spent….

Paid boards spur not-for-profit debate: Critics: If directors won’t give time, who will?

April 17, 2006

Indianapolis-based USA Funds is a large, complex organization, and members of its governing board are busy people. Same goes for the NCAA, another local not-for-profit with a national reach, a nine-figure budget and directors who are anything but professional volunteers. The two organizations have one key difference, though: USA Funds pays its board members. The NCAA does not. “It’s simply the nature of the world,” said Norm Lefstein, an Indiana University law professor who chairs the compensation committee at student-loan…

COMPEN$ATION CLASH: Complexity boosts not-for-profit pay, but should work be its own reward?

April 10, 2006

At least two large Indianapolis not-for-profits have been investigated-and cleared-as part of an Internal Revenue Service examination of compensation practices at tax-exempt organizations. Preliminary results of the nationwide inquiry aren’t expected until fall, but the scrutiny already has increased the volume in an ongoing debate over how not-for-profit executives should be paid. Some observers have called for setting limits on not-for-profit compensation, citing the charitable nature of the work. Others insist sixor seven-figure pay packages are not out of line…

ERODING FOUNDATION: Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound

December 12, 2005

Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound Wall Street is chipping away at Indianapolis’ most-venerable philanthropic institution. The value of Lilly Endowment’s primary asset-Eli Lilly and Co. shares-has dropped by more than half since 2000, forcing leaders to sell additional shares in order to give away hundreds of millions of dollars as required each year. Still, the privately run endowment remains a major Eli Lilly shareholder, with nearly 148 million shares of the company’s…

Rallying around charity: Local event teaches next generation the value of giving

November 21, 2005

Woodard’s two eldest children, Taylor and T.J., check in new arrivals as other family members slap vinyl decals on the cars lining up along Bearcat Alley for this year’s Van Riper Woodard Family Foundation charity road rally. Finally, at precisely 8:56 a.m., Woodard waves the green flag for the team from public broadcaster WFYI, which drew the pole position. The other teams depart one by one, every 60 seconds. For the next eight hours, the competitors will make their way…

VOICES FROM THE INDUSTRY: Putting construction, engineering into laymen’s terms

November 7, 2005

Sometimes those of us in the construction industry-like many other professions-forget we have our own technical vocabulary that many laymen simply don’t understand. Like some of my colleagues, I have occasionally started tossing around the lingo of our industry before business and civic leaders from other fields and have seen the confused look that comes over their faces. I have to stop and define my terms. With that situation in mind, I thought it might be helpful to put together…

United Way campaign facing dual challenges this year: Onetime gifts, charitable response to Katrina devastation complicates already-complex fund drive

September 19, 2005

It’s never easy for United Way of Central Indiana-raising money seldom is. But this year, organizers went into the annual fund-raising drive with an additional challenge: replacing $1.5 million in one-time donations that helped get the 2004 campaign to its $36.6 million goal. Their task is complicated by the fact that this year’s effort started just as the philanthropic response to Hurricane Katrina kicked into high gear. Americans have given nearly $1 billion to disaster relief already, and the impact…

NOTIONS: Variety spices our Midwestern life rather nicely

August 29, 2005

Got an invitation in the mail. It was addressed to “Bruce Hetrick and Guest.” The invitation was from a client. It said my guest and I could join him at an upcoming Marsh Symphony on the Prairie performance. I could choose between a pops concert called “The Golden Age of Black and White,” a Mozart classical concert or “Big Band Night.” My guest likes to dance. So I chose “Big Band Night.” The concert was Friday night. Thousands of people…

State plays wait, see: Indiana likely to follow federal lead regarding oversight of charities

July 4, 2005

As the national conversation about improving not-for-profit oversight gains volume, Indiana’s top charity watchdog is tuning in-while he considers whether to join the cacophony. Attorney General Steve Carter convened an informal group of advisers to weigh in on the topic last year, ultimately pushing for changes in state law that give him more ways to deal with abuses in the sector. Now he’s content to let federal efforts play out before determining what more can be done to keep the…

VIEWPOINT: Arts are a good investment for business

June 6, 2005

This summer, there are two red-letter days for the arts and cultural scene as well as our city and state: the official opening of the new home of the Herron School of Art on the IUPUI campus, which was set for June 3, and the dedication of the Indianapolis Art Center’s ARTSPARK Aug. 21. These events are only two of the many activities in 2005 that will help position Indianapolis as an arts and cultural destination, a goal set by…

School-based clinics get boost from grant: Learning Well Inc. operates in 53 Marion County schools

January 17, 2005

Indianapolis-based Anthem Foundation gave Learning Well Inc. $100,000 to open two school-based clinics in Marion County and support its efforts to address childhood obesity and asthma. But the effect will go much further than that, one board member said. “We’re finally seeing stability and potential for growth,” said Betty Wilson, a member of Learning Well’s executive committee and CEO of The Health Foundation of Greater Indianapolis, which has plowed millions into the program and is a driving force behind the…

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