Four successful local entrepreneurs and active angel investors have teamed up to create Indianapolis-based Round One Capital, a new fund for emerging startups. Round One partners plan to offer startups more than just money. And they plan to grow the fund over time.
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 campaign already has collected $17 million in commitments from donors, officials said. About two-thirds of the ultimate goal is earmarked for beefing up the theater company’s endowment.
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.
Some social service leaders are worried about the shift in strategy toward grant allocations and away from annual allocations.
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.
Impact 100 of Greater Indianapolis has more members this year than ever before, it’s up to nearly 700 alumni members, and it has awarded $1.76 million since its 2006 founding.
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.
A $126,000 reduction in contributions by United Way of Central Indiana is pushing Indianapolis Legal Aid Society to introduce itself to a wider audience and focus on fundraising.
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.
Former Indianapolis Power & Light Co. CEO Ann Murtlow will take the helm of the United Way of Central Indiana on April 1, the organization announced Wednesday afternoon. She’ll be the first new chief at the local not-for-profit since 1998.
The search for a replacement for the long-time executive, who steps down April 1, started the middle of last year.
The Arts Council of Indianapolis on Wednesday unveiled a a new program to help central Indiana not-for-profit arts, cultural and humanities organizations raise funds for individual projects.
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.
