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.
Donations
Articles
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.
MacKenzie Scott donation to United Way of Central Indiana breaks organization record
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.
Big-gift totals down significantly from prior years
While charitable giving increased overall last year, the number of million-dollar-plus gifts from individuals to Indiana organizations appears to have decreased.
Contribution by Amazon’s Bezos tops list of richest charitable gifts in 2020
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.
MacKenzie Scott, ex-wife of Bezos, gives $4.1 billion to charity
Among the recipients are five organizations in Indiana, including two in Indianapolis.
Charitable donations on Giving Tuesday increase 25%
Giving Tuesday was launched in 2012 as a way to get people to donate on the Tuesday after Thanksgiving, when people are already opening their wallets for the kickoff of the holiday shopping season.
Former Indiana lieutenant governor donates $2M to Northwestern journalism school
John Mutz made the donation to establish a newly endowed chair at Northwestern University’s Medill School of Journalism that will study and support innovation in local news at the school.
Prominent executives give big to Holcomb in governor’s race
Even as he’s worked to lead the state through the coronavirus pandemic, Gov. Eric Holcomb has managed to raise millions of dollars for his reelection campaign.
Holcomb maintains significant cash advantage in governor’s race
Republican Gov. Eric Holcomb nearly quadrupled his Democratic opponent in fundraising during the third quarter, according to campaign finance figures released Thursday afternoon.
Indiana University ends Bicentennial Campaign with nearly $3.9 billion
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.
Marian University plans new engineering school with $24 million gift
The Indianapolis university said it was halfway to its $50 million fundraising goal for the school after a $24 million gift from the Witchger family and other donations.
Alumnus Tuchman and husband make $4M gift to further diversity at IU McKinney
In honor of their contribution, the atrium in Lawrence W. Inlow Hall, the law school building, will be name the Steve Tuchman and Reed Bobrick Atrium.
Co-founder of biomedical giant Biomet donates $10M to Rose-Hulman
Rose-Hulman, which offers the country’s top-rated undergraduate engineering program, said the gift was among the largest individual donations in institute history.
Indianapolis to share in $5M donation from NBA player Jrue Holiday
Jrue Holiday and his wife, Lauren, a former U.S. national team soccer player who was born and raised in Indianapolis, plan to donate about $5 million to social justice causes.
United Way launches $16.5M fund aimed at COVID-19 economic relief
The fund, called the Central Indiana COVID-19 Community Economic Relief Fund, received a $15 million donation from Lilly Endowment Inc. and $500,000 contributions from three other organizations.
21 organizations from across Indiana selected for All-Star grants
The $1 million initiative was announced in October as a legacy project tied to next year’s All-Star festivities, with each group receiving up to $50,000 in funding for youth-serving projects.
Donation of nickel mine could mean fortune for Purdue
Based on current numbers, Purdue’s stake could eventually top $100 million over the next three decades.
IU business school lands $16M gift from late alum’s foundation
The donation came from the family foundation of Brian Jellison, an Indiana University native who went on to become one of the country’s highest-paid CEOs.
Goodwill lands building donation for east-side Excel Center
Longtime commercial real estate executive Gene Zink has donated a 20,298-square-foot building at 3919 Meadows Drive to Goodwill. The Excel Center program has been leasing the 59-year-old former Bible college building near Rural and 38th streets since July 2011.