Cook Medical, not-for-profits to build full-service grocery near 38th and Sheridan
The 14,000-square-foot store—Indy Fresh Market—will be run by two neighborhood entrepreneurs and located in an area that is designated a food desert.
Foundations
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Effort to infuse diversity into not-for-profit boards helps, but leaders say there’s more work to do
Four years ago, CICF and the Indianapolis Foundation launched a pilot program to try to diversify local not-for-profit boards. Here’s the impact.
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IndyGo foundation names new executive director with big fundraising challenge
Under state law, the Indianapolis Public Transportation Foundation is supposed to raise about $6 million per year to supplement revenue generated by a Marion County transit tax. So far, it’s well behind the goal.
Indy-area foundation unveils strategy for dismantling systemic racism
The Central Indiana Community Foundation, which controls more than $800 million in charitable assets and helps direct the gifts from wealthy donors, laid out plans Wednesday for helping make the Indianapolis and Hamilton County more equitable for all residents.
Former official for Carmel-based fraternity foundation sentenced to 27 months
The former financial coordinator of a charitable foundation operated by women’s fraternity Zeta Tau Alpha has been sentenced after pleading guilty to embezzling about $450,000 from the organization.
Lilly Endowment sees third straight year of major asset growth
The Indianapolis-based philanthropic giant saw its assets increase to nearly $17 billion in 2019.
Liberty Fund taps longtime tech-marketing exec as new chief executive
Sean Shelby will join Liberty Fund on Aug. 31, succeeding CEO and President Emilio Pacheco, who has led the organization since 2016.
Lumina Foundation to devote $15M to dismantling systemic racism
The Indianapolis-based grant maker intends about 25% of the money to help organizations and initiatives in Indiana over three years. Half a million dollars already has been committed to the Central Indiana Racial Equity Fund.
Lilly Endowment ranks as second-largest private foundation
The endowment’s assets reached $15.1 billion at the end of 2018, pushing it ahead of the Ford Foundation and the J. Paul Getty Trust, which had assets of $13.1 billion and $13.2 billion, respectively.
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.
Lilly Endowment saw huge jump in assets in 2018
The Indianapolis-based foundation’s run-up solidified its position as one of the largest private charitable foundations in the country.
IPS, Ivy Tech receive $1.15M grant from Salesforce.org
The donation from the philanthropic arm of tech firm Salesforce will be used to support career-development programs at Indianapolis Public Schools and Ivy Tech Community College.
Notre Dame getting $42.4M to accelerate regional innovation
The 5-year grant from Lilly Endowment Inc. aims to further advance Indiana’s northwest region as a leader in manufacturing, entrepreneurship, applied analytics and technology.
Lilly Library set for renovation after $10.9M grant from Lilly Endowment
The Lilly Library at Indiana University—home to more than 450,000 rare books, 8.5 million manuscripts and 150,000 sheets of music—hasn’t had a significant interior renovation since it opened in 1960.
Q&A: Mitch Daniels Leadership Foundation is seeking fellows to drive change
The foundation’s first class of fellows is preparing to graduate, after working on projects related to hunger, infant mortality, hate crimes legislation and talent recruitment. Now, it’s looking for as many as 20 innovators for its next class.
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.
IU Health Foundation raises $19.1M in first full year
The new fundraising arm of IU Health said it exceeded its first-year goal by more than 300 percent, allowing it to expand its grants program statewide.
CICF, Hogsett seek $4M fund to provide wraparound services to formerly homeless
The fund is designed to tackle “the significant lack of service provider capacity” that grew after Indianapolis Mayor Joe Hogsett in 2017 launched an effort to provide 400 more housing units for the homeless.
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.
Newfields plans fall festival, more parking, culinary center with $8M Lilly Endowment grant
The improvements are part of a masterplan that aims to bring hundreds of thousands more visitors to the complex, which includes the Indianapolis Museum of Art.