Marian University launches $500M fundraising campaign
The school says the campaign, titled “Journey to 2030: Always Forward,” had already raised $240 million prior to the public launch last week.
Donors
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More big donors want to be anonymous
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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Indiana Senate panel advances bill protecting donor privacy
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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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.
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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.
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Articles
Inflation hitting not-for-profits’ services, ability to fundraise
Not-for-profits of all kinds are getting hurt by inflation, experts say. Price and wage increases are stressing them in multiple ways, making it harder to keep up with their own basic operational expenses while also forcing them to curtail the services they provide.
Westfield’s new rule: Public good or a scarlet letter?
Supporters say the rule will provide more transparency when city councilors vote on projects that benefit campaign donors. Critics say the change will benefit councilors who can bankroll their own campaigns.
MacKenzie Scott, citing wealth gap, donates $2.7B to charities, racial equity causes
It’s the third round of major philanthropic gifts Scott has made, which together rival the charitable contributions made by the largest foundations.
Last year, 45 donors gave big gifts worth nearly $411.6 million
Indiana University last year received some of its largest donations ever as it began to wind down its eight-year, $3 billion capital campaign.
Four Indianapolis-area donations were at least $2 million
Most of the biggest gifts of 2019 went to higher education institutions outside the Circle City, but not-for-profits in the Indianapolis area did snag a few seven-figure donations. Here are the top four local gifts. $5 million Recipient: Butler University Donors: Craig Fenneman and Mary Stover-Fenneman For: Several projects, including the upcoming expansion and renovation […]
Butler raises $171M in campaign to support ‘new strategic direction’
The fundraising effort, named “Butler Beyond: The Campaign for Butler University,” hopes to raise at least $250 million overall by May 2022.
Cultural Trail raises enough money to keep Ann Dancing
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.
Former Taco Bell franchisee giving Butler University $5 million
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.
Annual growth in charitable giving slows as predicted
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.
Local Goodwill Foundation gets $2.4M gift from longtime volunteer
The donation will be used to establish the Miller Family Fund for Success, which will help support Goodwill’s education, health and employment programs.
Purdue scores $5M gift for business analytics center
A private equity firm executive and his wife have given Purdue University a donation to support the business analytics center in the Krannert School of Management, Purdue announced Tuesday.
IU’s art, design school to be renamed after $20M gift from Eskenazis
The school will be called the Sidney and Lois Eskenazi School of Art, Architecture + Design following the record donation.
Newfields plans fall festival, more parking, outdoor sculpture, other upgrades to campus
The art and nature campus is launching an array of projects to upgrade its offerings and public access, highlighted by an autumnal festival this fall including culinary attractions, horticulture displays, musical performances and films.
Not-for-profit CEO who duped board tries to make most of second chance
ProAct, an Indianapolis not-for-profit that focuses on engaging at-risk youth and corporations in public service projects, is trying to rebuild after a challenging year in which the entire board quit over disagreements with CEO Derrin Slack.
Butler lands alumni gifts for business school, athletics
Two separate donations will help fund the McGould Investment Room in the Andre B. Lacy School of Business and the Matt White Court in the Efroymson Family Gym.
IRT raises curtain on $18.5M fundraising campaign
The campaign already has collected $17 million in commitments from donors, officials said. About two-thirds of the ultimate goal is earmarked for beefing up the theater company’s endowment.
Last year, 27 donors gave big gifts worth nearly $246 million
Most of the gifts—20 of the 27—went to higher education institutions. Only five were from named Indianapolis philanthropists. Two were anonymous.
Ten local service organizations land $48M from Lilly Endowment
The grants, which range from $1 million to $10 million, are expected to help the not-for-profits strengthen their long-term financial sustainability plans, the endowment said.
IBJ Podcast: Indiana Pacers Bikeshare is undergoing its first expansion—and it’s a big one
Kären Haley, executive director of the Indianapolis Cultural Trail, talks with guest host Anthony Schoettle about the timeline for the bikeshare expansion and why it was important to locate stations outside of downtown.