The majority of grants — 59% or $2.3 billion — were directed to groups based in Indiana, where the endowment is headquartered.
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The nonprofit, which raises money to support Indiana Economic Development Corp. activities, was singled out by Gov. Mike Braun amid calls for greater transparency regarding taxpayer dollars.
Read MoreWhile community foundations typically invest their assets in Wall Street stocks and funds, a growing number are expanding their impact by investing their capital into local economic development.
Ahmed Young, who is making the jump from the No. 1 company in the Fortune 500 to leading the 110-year-old Indianapolis Foundation, says the key to success is always about relationships.
Strong performance by companies, particularly in the tech sector, pushed corporate giving up 6%, to a record amount.
The 108-year-old foundation said its new plan will go beyond traditional grantmaking to work with local leaders and residents to bring about an end to unfair systems.
The foundation, founded by Stewart in 2003, has donated more than $7 million to dozens of organizations, including several pediatric cancer support groups and numerous animal sanctuaries and rescues.
The May 4 culinary party at the Indianapolis Motor Speedway that raises funds for the Indiana University Health Foundation is sold out.
In addition, the Ricks Family Foundation says it will match up to an additional $2.5 million in donations from individuals, foundations and corporations.
In March, Eskenazi Health launched a fundraising campaign to help it move the needle on health disparities. As of last month, its foundation had raised $57 million.
Martin University will receive $1 million over three years to renovate the Andrew J. Brown building and offer enhanced programming through the Community of Health Practice program.
The foundation spent itself down to zero this year, distributing legacy grants to arts organizations, the University of Indianapolis and not-for-profits focused on military families, former prison inmates, HIV prevention and animal conservation.
Indiana University Health Foundation, the fundraising arm of IU Health’s adult hospitals, is launching the campaign with the ambitious goal of making Indiana one of the healthiest states in the country.
Seventy-two organizations were chosen to receive a total of 159 grants from the Elevation Grant program.
The Central Indiana Community Foundation and The Indianapolis Foundation on Thursday announced new leaders who take over this summer after the retirement of Brian Payne, who has led the organizations for 23 years.
The Liberty Fund said the former governor’s work will focus on the creation of educational programming and partnerships that will strengthen the not-for-profit’s existing education programs.
Brian Payne, who is retiring from his longtime roles as CEO of the Central Indiana Community Foundation and president of the Indianapolis Foundation, said it was becoming clear that each position was growing into a full-time job.
Payne, who spearheaded development of the Indianapolis Cultural Trail and recently refocused the community foundation on equity and inclusion issues, led CICF, affiliates and its individual funds through significant growth.
The gift is the largest ever received from a single foundation by Boys & Girls Clubs of America in its 160-year history, the group said.
Paying attention to what’s being sought in communities is a key component of trust-based giving, a concept in which funders and grant recipients collaborate.
When the College Football Playoff National Championship visits a new city, the game’s philanthropic arm, the College Football Playoff Foundation, makes a legacy investment in local teachers.
The work of one of the foundation’s fellows has brought the Dolly Parton’s Imagination Library to Indiana.
