United Way of Central Indiana will receive more than $11 million from the Lilly Endowment to boost its capital fund, combat poverty and provide professional development, the groups announced Thursday morning.
The grant announced Wednesday by the Indiana Department of Natural Resources brings to $30 million the amount of funding for the initiative to acquire more wilderness land to mark the state's 200th birthday in 2016.
Indiana college endowments have surged back since the recession, but three-quarters closed the 2011 fiscal year below where they were when the market crashed.
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.
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.
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.
Steve Talley will donate his council salary over the next four years, which totals about $52,000, to launch an endowment through the Indianapolis Public Library Foundation in honor of his late wife, Donna.
Starting with a $1 million grant to Marian University’s EcoLab, the Nina Mason Pulliam Charitable Trust plans to start giving a greater share of its money to environmental groups.
Low-income women could receive loans in weeks.
Atlanta-based organization has $1.3 billion in assets.
Robin Bellinger was a member of the management team for “The Campaign for Purdue,” which raised $1.7 billion.
The Indianapolis Museum of Art is gearing up for a major campaign and will create a senior management position in fundraising.
CEO Maxwell Anderson said the national search for a “chief development officer” coincides with strategic planning
that will result in a capital campaign for a still-unspecified amount.