The Indianapolis Symphony Orchestra has until Feb. 3, 2013, to collect $5 million—almost as much as it typically raises in a full year–or its five-year agreement with its musicians that’s set to kick in the following day will be nullified.
A Colorado couple who both graduated from DePauw University have donated $25 million to the private liberal arts college to build a new dining hall and to endow need-based scholarships.
R. David and Suzanne Hoover, both 1967 graduates of DePauw University, will contribute $9 million to need-based scholarships, with the rest providing the lead gift for Hoover Hall.
The ailing Indianapolis Symphony Orchestra intends to step up annual donations 40 percent. But many longtime donors feel conflicted about future contributions as they await word on whether the ISO will scale back to part time.
IUPUI economics professor Richard Steinberg stands by his philanthropic theory, despite seeing his fundraising principles speared by a charity watchdog group and then by a cable news network. At issue is his belief that charities are justified in spending heavily on fundraising, because doing so positions them for long-term success.
The Indianapolis Symphony Orchestra’s decision to cancel the first two weeks of its season and lock out musicians could carry long-term risks in alienating subscribers and donors, observers say.
Even if the Indianapolis Symphony Orchestra’s management and musicians overcome gaping differences and reach a contract agreement, industry experts say disconcerting questions will continue to hang over the organization.
Christian Theological Seminary in Indianapolis has received initial funding for its new Center for Pastoral Excellence through an $8 million grant from the Lilly Endowment.
The aging population is expected to generate an explosion in demand for senior services—taxing a network of often thinly funded providers. Executives of such not-for-profits say they often encounter apathy toward senior causes.
Ellen K. Annala, who has led the United Way of Central Indiana as CEO for 14 years, will retire next year, the not-for-profit announced Wednesday afternoon.
Charitable giving grew 4 percent nationally in 2011, but the increase was less than 1 percent after adjusting for inflation, according to a report released Tuesday by the Giving USA Foundation and The Center on Philanthropy at Indiana University.
Lilly Endowment earned $884.6 million on its Eli Lilly and Co. stock in 2011, bringing the total worth of the grant-making powerhouse to $6.2 billion.
After three years of shrinking budgets, Indianapolis Museum of Art leaders are ready to leave the lean times behind. The IMA’s endowment, which has covered close to 70 percent of operating expenses, is on the rebound and reached $324 million at the end of last year.
Those left in the lurch by financial promises unfulfilled by Joe Bilby are mystfied by his motives, since he seems not to have profited from any of it.
Local health care providers won’t find an easy replacement for the grant money supplied by Susan G. Komen for the Cure. That money could be in jeopardy, as grass-roots Komen supporters appear to be sitting out of this year’s Race for the Cure in response to a national controversy over grants to Planned Parenthood.
A generally overlooked part of the 2011 education reform package makes it clear donors to private schools can target their gifts to specific schools, a move that seems to have unleashed the tax credit’s full potential by helping private schools line up more donations.
The city’s public radio and television stations are more than holding their own, even as their commercial brethren continue to suffer from a now-5-year-old economic swoon.
Brackets for Good pits one not-for-profit against another in an NCAA-tournament style fundraising competition.
A 70-year-old Trafalgar man who made empty promises of multimillion-dollar gifts to local cultural institutions was sentenced to six years of probation Thursday morning in an unrelated check-fraud case.
United Way of Central Indiana is projecting that its 2011 annual campaign will raise a record-breaking $40.6 million, topping the previous high of $39 million in 2007.
