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Foundations
Articles
Community foundations recovering from recession
Many have bounced back and report asset levels that exceed their 2007 highs.
Funding challenges sideline not-for-profit award program
The Indiana Achievement Awards is going on what organizers called a “sabbatical,” though its return isn’t guaranteed. The change is the result of a loss in grant funding for all not-for-profit programs at the IUPUI Solution Center, which organized the awards.
Indiana United Ways get $3.15M for storm recovery
The Lilly Endowment is giving a $3.15 million to the Indiana Association of United Ways to help southern Indiana recover from recent tornadoes and other storms.
Foundations try to tap grain farmers’ wealth
The average price Indiana farmers received for a bushel of corn reached a high last August of $7.18, nearly twice as much as the prior year. That kind of windfall tends to benefit farm-equipment sales, but it could also lead to more charitable giving.
City-County Council member gives salary to local library
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.
Indianapolis Parks Foundation leader plans retirement
The Indianapolis Parks Foundation will start looking this week for a replacement for President Cindy Porteous, who plans to retire after 12 years at the not-for-profit.
Lilly Endowment gives $6.6m to public policy institute
Lilly Endowment is giving $6.6 million to support a new fundraising campaign by Indiana University's Public Policy Institute.
Natural resources foundation aims for $10M, 1 million trees
Leaders of the not-for-profit think the tree project will gain traction because people can participate with very small donations.
IU, Lilly Endowment plan ‘major’ announcement
Top officials from Indiana University and its Kelley School of Business are set to make a “major” announcement Wednesday afternoon likely involving a gift from the Lilly Endowment.
IU getting $33M from Lilly Endowment for biz school
The donation will enable Indiana University to renovate and expand its Kelley School of Business building in Bloomington, which was built in 1966 and is too small to meet current demands, IU said.
City-County councilor, two others indicted in scheme to defraud
A City-County Council member and two associates persuaded an Indiana physician to invest $1.7 million in their foundation and an ethanol-production business they said would fund it, but instead spent the money on personal luxuries, according to a federal indictment filed late Tuesday.
Pulliam trust plans to boost giving for environment
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.
Lilly Endowment gives $4.9M for teaching fellowships
Indianapolis-based Lilly Endowment Inc. is giving another big gift to help fund the Woodrow Wilson National Fellowship Foundation, which prepares career changers and college graduates to teach math, science, engineering and technology in rural and urban schools.
Grant-makers adapt to post-recession normal
After the financial crisis of 2008, foundations in Indiana and across the country set up special relief funds for their communities. Ongoing support for the one formed in Indianapolis is just one sign of how the poor economy is still influencing grant-makers’ decisions.
Junior Achievement lawsuit swells with defendants
The defamation case filed by former CEO Jeffrey Miller now has 17 defendants, many of whom are accused of posting disparaging comments on websites.
Foundation steps up plans to help teens in foster care
The Care for Kids Foundation, which has its roots in raising money for the former Children’s Guardian Home, will recruit its first class of 14-year-olds this summer for a four-year program called Opportunity Rox.
Verizon gives $400,000 to Indiana not-for-profits
About half the amount will go to domestic violence agencies, including the Indiana Coalition Against Domestic Violence, Domestic Violence Network of Greater Indianapolis and The Julian Center.
Retired Colt launches effort to expand his youth foundation
Former all-pro offensive lineman Tarik Glenn has taken over the presidency of D.R.E.A.M. Alive to become more active in day-to-day operations.
Biocrossroads lands $2.8 million Lilly Endowment grant
The advocate for the state’s life sciences industry has now pulled in more than $25 million from the endowment.