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.
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.
The Indianapolis-based foundation’s run-up solidified its position as one of the largest private charitable foundations in the country.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The endowment said Wednesday it would fund 17 ideas across the city as part of its one-time Strengthening Indianapolis Through Arts and Cultural Innovation program.
The worldwide online philanthropy movement, which falls on the Tuesday after Thanksgiving every year, generated more than $380 million in donations this year, which is more than double the $180 million raised just two years ago.
It’s the foundation’s first capital campaign since 2010, when it raised $200 million. The money will be used for pediatric research, patient care, maternity and newborn health, and family support programs.
The newly named Hamilton County Community Foundation plans to tackle mental health, family and youth empowerment, and inclusive economic growth.
The Great American Songbook Foundation received the massive property earlier this year as a gift from Bren Simon, the widow of late shopping mall magnate Melvin Simon.
The Athenaeum Foundation on Thursday said it has hired an Imax Theater executive to succeed Cassie Stockamp as president.
It has grown from serving 180 children at three schools in the Indianapolis Public Schools district in 2013 to serving 1,200 children at eight schools and five summer camps this year.
