The Indianapolis-based foundation, which announced the donation Friday, said the funds would help make mental health and behavioral health services more available to children and adolescents.
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Some public interest groups say the rising tide of anonymous gifts to not-for-profits can lead to potential fraud or dark-money abuses, so the groups have pushed to require institutions to list their big givers.
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Not-for-profit organizations in Indiana would be permitted to keep the identity of their members and donors secret under a bill now advancing through the Indiana General Assembly.
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In a significant expansion of their longstanding collaboration, the partners hope to develop new models for delivering therapies to patients and provide full tuition to between 75 and 100 students each year for 10 years.
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Universities, hospitals, museums, theaters, dance companies and other not-for-profits in Indiana pulled in a total of $348.7 million from 79 gifts of $1 million or more from individuals, family foundations and bequests, according to IBJ’s latest survey.
The 2023 list of gifts from individuals or their foundations totaled more than $3.5 billion. Four universities received big gifts, along with four scientific research institutes and a health care system.
After clothing, gift cards will be the most popular present this holiday season. Nearly half of Americans plan to give them, according to the National Retail Federation. But many will remain unspent.
The decline comes at a time when many not-for-profits, especially ones providing services to those in need, report an increase in requests for help.
The gift came as a surprise to Paramount Schools of Excellence, said CEO Tommy Reddicks. The funds are already earmarked for the ongoing construction of two new school facilities.
The gift is the largest ever received from a single foundation by Boys & Girls Clubs of America in its 160-year history, the group said.
The medical school said the commitment will help launch research efforts to develop better therapies for triple negative breast cancer, an aggressive form of breast cancer that is often not responsive to hormone therapies and is resistant to chemotherapy.
So far, 34,622 donors have participated in the “Butler Beyond” campaign, including 13,351 individuals who became first-time donors to the university.
The gift came from the three children of Jim Ackerman, a local cable television industry entrepreneur and venture capitalist who died in 2013, including John Ackerman, managing director of Cardinal Ventures.
The college intends to use the 29 acres for a biological field station focusing on botany and field ecology studies.
Donations on GivingTuesday, the annual campaign that encourages generosity on the Tuesday following Thanksgiving, rose by 9% this year in the United States alone, according to organizers.
Alumnus Harry Fath and his wife, Linda, of Cincinnati, pledged the money exclusively toward aid for undergraduates, Notre Dame officials said.
The United Way of Central Indiana announced Wednesday that a donation of a previously undisclosed amount from philanthropist and author MacKenzie Scott is the largest gift from a single donor the organization has ever received.
Nike founder Phil Knight and his wife, Penny, made the second- and third-largest donations last year, according to the Chronicle of Philanthropy’s annual list of top donations.
The Lilly Endowment Inc. has awarded more than $43 million to 18 museums and cultural organizations across the country, including four in Indiana.
In announcing the final totals for the campaign Thursday evening, the university said more than 320,000 alumni and other donors from all 50 states and more than 100 countries contributed to the effort.
Combined with a first round of grants made March 24, the Central Indiana COVID-19 Community Economic Relief Fund has distributed more than $11.8 million to 74 organizations in central Indiana to date.
Indianapolis Cultural Trail Inc. officials announced Wednesday that they’ve raised enough money to keep a popular electronic piece of public art in operation for years to come.
An alumnus and former board of trustees chairman who made part of his fortune as a major Taco Bell franchisee has pledged a $5 million gift to Butler University, the university announced Tuesday.
Growth in charitable giving in the United States slowed in 2018, possibly as a result of the 2017 tax reform bill, according to an annual report that tracks American giving patterns. But the decline wasn’t as big as many predicted.
