Couple donates $25M for DePauw dining hall, 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.
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Symphony donors question giving amid contract dispute
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.
Charity watchdogs at odds with IUPUI professor
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.
Symphony standoff might fray local support
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.
Indianapolis symphony’s woes aren’t just about money
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.
Indy seminary lands $8M grant for pastoral center
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.
Donors slow to support agencies serving seniors despite growing need
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.
United Way CEO Annala announces retirement
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.
Report: Charitable donations ticked up in 2011
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.
Investment gains push Lilly Endowment’s worth to $6.2B
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.
Endowment’s resurgence emboldens IMA’s leaders
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.
Would-be donor’s big promises vex trail of victims
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.
Komen grant recipients cope with controversy they didn’t create
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.
Private schools raking in cash thanks to 2011 reform law
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.
As commercial stations sputter, WFYI hits the gas
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.
Hoops fans funnel energy into giving
Brackets for Good pits one not-for-profit against another in an NCAA-tournament style fundraising competition.
Would-be philanthropist sentenced in check-fraud case
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 expects record $40.6M in donations
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.
Philanthropist Marilyn Glick dies after year-long illness
Marilyn K. Glick, who with her husband Gene B. Glick donated millions of dollars in recent years to civic projects such as the Indianapolis Cultural Trail, died of cancer Friday at the age of 90.
Indiana United Ways get $3.15M for storm recovery
The Lilly Endowment is giving a $3.15 million to the Indiana Association of United Ways to help southern Indiana recover from recent tornadoes and other storms.