Wealthy people are getting more advice from hired professionals and less from peers and not-for-profit personnel when
making
decisions about charitable giving, a new study shows.
The state’s Dec. 1 takeover of Medical Savings Insurance Co. marks the formal crumbling of J. Patrick Rooney’s network of
health care reform efforts.
IBJ co-owner Michael Maurer’s $35 million gift to the Indiana University School of Law in Bloomington is the fourth largest
from an individual in the history of the university.
With a $10,000 gift from the BKD Foundation, Damar will establish the BKD Dream Fund and award small grants to families for things like a vacation to Disney World or a fishing trip to Michigan.
Thanks to a $25,000 contribution from Beck’s Hybrids, Habitat for Humanity of Hamilton County was able to purchase land and
build its 50th home this year.
The Center on Philanthropy at Indiana University found in a recent study of more than 4,840 charitable gifts worth $1 million
or more that self-made wealthy people gave the most —
often to nonprofits that rarely receive such large gifts.
A $40 million gift from the Simon family to Riley Hospital for Children will help finish a new 10-story in-patient building and launch a fund-raising campaign, Riley Children's Foundation announced this morning.
Not everyone is welcoming the launch of an Indianapolis-based not-for-profit, backed by billionaire businessmen, that aims
to curb colleges’ discretion in spending donor contributions.
Attracting people under 40 with money to give is one of the latest challenges faced by not-for-profit organizations. As fund-raisers
look toward cultivating the next generation of supporters, they see a younger generation that appears less inclined to do
so.
Restricted gifts have long been common among foundations and corporate funders, but now individuals are getting into the act,
too. Experts say more donors are attaching conditions to their contributions to encourage the recipient to push itself to
achieve.
