Butler to use $4M gift to build new presidential residence
The Jay and Christie Kile Love University House will serve as both a home for future Butler presidents and a venue for hosting fundraising and other community events.
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U.S. charitable giving hit record in 2021, but inflation looms
The Giving USA report from Indiana University’s Lilly Family School of Philanthropy says donations in 2021 were 4% higher than the record-setting $466 billion contributed in 2020. But that amount was down 0.7% when adjusted for inflation.
High inflation leaves food banks struggling to meet needs
Food banks across America say negative economic conditions are intensifying demand for their support at a time when their labor and distribution costs are climbing and donations are slowing.
Indiana not-for-profits are starting to find ways to accept donations of cryptocurrency
The Indianapolis-based Indiana Sports Corp., Purdue University’s Purdue for Life Foundation and Rose-Hulman Institute of Technology are among the organizations that have already accepted their first crypto donations—and some community foundations around the state are also eyeing the opportunities they see in cryptocurrency.
Record gift to launch new Krannert real estate program at Purdue
The Krannert School of Management at Purdue University has received a nearly $21 million gift from the Dean and Barbara White Family Foundation, the largest gift in the school’s history.
Franklin College lands record $3.9M donation from graduate
The donation came from a business leader who earned her bachelor’s degree from Franklin College in 1971, majoring in political science and history.
Indiana University gets $1M gift to support life sciences
The university announced the gift Thursday morning from Jeff Albers, who graduated from the Kelley School in 1993, and his wife, Alison. Albers has spent more than 25 years in the biopharmaceutical industry.
Zuckerberg money won’t be in next round of aid for elections
The not-for-profit that distributed most of the $350 million in donations from Facebook founder Mark Zuckerberg to election offices in 2020 said Monday that it won’t disburse similar donations this year after backlash from conservatives.
DePauw University to use $40M in gifts for new business school
The new business school is included in a five-year strategic plan the Greencastle-based university unveiled this week called “Bold & Gold 2027.”
CICP Foundation lands nearly $35M from Lilly Endowment
The foundation said the funds will be used to support collaborative projects in Indiana’s agbiosciences, life sciences, advanced manufacturing and logistics and technology sectors.
Butler exceeds $250M fundraising goal for its ‘Beyond’ campaign
So far, 34,622 donors have participated in the “Butler Beyond” campaign, including 13,351 individuals who became first-time donors to the university.
Riley gets $5M donation for Duchenne muscular dystrophy program
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.
Under fire for high prices, IU Health says it will invest $1B in community health programs
The health system said the funding plan will “support community health initiatives and education and workforce development programs statewide, including neighborhoods around its downtown Indianapolis campus.”
GivingTuesday: Record $2.7B raised during day of generosity
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.
Notre Dame receives record $50M gift toward undergrad aid
Alumnus Harry Fath and his wife, Linda, of Cincinnati, pledged the money exclusively toward aid for undergraduates, Notre Dame officials said.
Giving to top charities rose 3.7% in 2020, driven by wealthy donors
Roughly $1 out of every $11 donated in 2020 went to the 100 largest not-for-profits, a sign of the gigantic percentage big not-for-profits get compared to the more than 1 million other charitable organizations in the United States.
Study: Small not-for-profits hit harder by COVID than larger ones
Small charities nationwide have faced significant losses in charitable giving as donors cut back during the COVID-19 health and economic crisis: Four in 10 have suffered a decline in donations, according to a study released Thursday.
Former lieutenant governor Mutz invests in shoring up local news
John Mutz has donated nearly $2.3 million in four years to kick-start and support research by the Northwestern University Medill School of Journalism’s Local News Initiative.
Critics take aim at charitable money sitting in donor funds
Criticism has helped drive a Senate bill that would tighten the rules for donor-advised funds and aim to speed donations to charities.
Historic fire station donated to Indianapolis police for substation
A 125-year-old landmark firehouse on East Washington Street that previously housed a photography business and a reception center for Angie’s List has been donated to the Indianapolis Metropolitan Police Department.