Unless a founder is independently wealthy, she can operate for only a limited time with her own savings. Securing pre-seed capital is extremely difficult for founders without access to networks of affluent people conditioned to write checks for risky ventures.
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 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.
The Create Indy Fund was co-funded by the Central Indiana Community Foundation, Visit Indy, and the Arts Council of Indianapolis.
The effects of Habitat home ownership include increased higher education attainment, better financial security and reduced stress.
The not-for-profit Outreach Inc. has started construction on the $3.3 million facility on the near-east side and hopes donors can come through with the final $300,000.
The United Way of Central Indiana is set to receive a $7 million federal grant that is expected to result in more than $20 million being invested to help unstable families in specific Indianapolis neighborhoods.
James Morris, vice chairman of Pacers Sports & Entertainment, has been chosen for the biennial prize. As part of the honor, he will recommend a recipient for a $100,000 grant.
The funds will boost an initiative by Project Lead the Way Inc. to expand science- and math-related curriculums in U.S. urban school districts.
John Lechleiter, Angela Braly and two other local business leaders have pledged a combined $3 million to United Way of Central Indiana over the next four years. United Way is trying to raise $42.5 million by the end of the year.
Ann Murtlow has no experience running a not-for-profit, yet she is charging into the top job at one of the city’s largest charitable groups. The people who hired the former Indianapolis Power & Light Co. CEO say her connections to the Indianapolis business community are a big plus in her new role at United Way of Central Indiana.
The $2.5 million expansion will add 7,000 square feet of meeting and office space to Fairbanks’ 86-bed hospital for patients trying to recover from drug and alcohol addictions.