Capital raises by state’s tech companies in 2020 far below 2019’s record mark
The amount of capital raised by state technology firms in 2020 was way down from the previous year, but local industry leaders say that shouldn’t be taken as bad news.
Fundraising
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ClusterTruck raising $2 million to help it expand
Chris Baggott, ClusterTruck co-founder and CEO, told IBJ that the company will use the money to expand and add new locations in its home city, Kansas City and Columbus, Ohio.
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Roiled by pandemic, not-for-profits cut back, shift missions
Seventy percent of not-for-profits in Indiana have reduced programs or limited capacity since the coronavirus pandemic hit the state, according to a recent report.
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Local virus relief funds top $45M and counting
The funding is going to businesses that need assistance paying their employees or rent, to organizations helping families pay their mortgage or buy groceries, and to companies bearing pandemic-related expenses.
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Former Colt Gary Brackett raising money for a movie about his life
The Indianapolis restaurateur, who owns the Stacked Pickle chain, has been working since 2017 to bring his story to the big screen; this month, he launched a crowdfunding campaign to help raise part of the cost.
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Articles
IndyGo foundation names new executive director with big fundraising challenge
Under state law, the Indianapolis Public Transportation Foundation is supposed to raise about $6 million per year to supplement revenue generated by a Marion County transit tax. So far, it’s well behind the goal.
Local software firm for not-for-profit fundraising swells with acquisition
Bloomerang officials say the acquisition of Tennessee-based Kindful combines the two largest companies in the donor management software space.
Holcomb maintains significant cash advantage in governor’s race
Republican Gov. Eric Holcomb nearly quadrupled his Democratic opponent in fundraising during the third quarter, according to campaign finance figures released Thursday afternoon.
Zoo cancels Zoobilation fundraising event set for August
The zoo told volunteers on Tuesday that the decision was made to “support the health and safety of our community.”
Coronavirus restrictions scramble Second Helpings’ fundraising plans
The Indianapolis-based hunger relief organization has seen demand for its services soar because of the coronavirus pandemic. The health crisis has forced the group to convert its biggest annual fundraiser into an online event.
Q&A: Melangton leads campaign to help homeless women, children
Sports executive Allison Melangton had never led a capital campaign before Wheeler Mission asked her to chair its $12 million fundraising effort.
Startups with female founders raise more venture cash, study says
In earlier rounds, mixed-gender teams do just as well as those without women, but the advantage grows in the later stages of fundraising, the study found.
Butler raises $171M in campaign to support ‘new strategic direction’
The fundraising effort, named “Butler Beyond: The Campaign for Butler University,” hopes to raise at least $250 million overall by May 2022.
Broad Ripple not-for-profit launches emergency fundraising campaign
Joy’s House is trying to raise $559,000 by Nov. 1 after receiving far less than expected in corporate, foundation and individual donations this year.
International School of Indiana lands $1.5M gift toward new elementary building
An Indianapolis private school is well on its way to reaching a $7 million fundraising goal that will help it unify its campus, thanks to a $1.5 million lead donation from Telamon Corp. CEO Stanley Chen and his wife, Allison.
Deb Simon—who will ‘do anything’ to beat Trump—donates $100k to young Democrats
The Carmel philanthropist says it starts by activating young voters, which is why she recently gave a significant donation to Indiana Young Democrats to help the group bring the Young Democrats of America National Convention to Indianapolis.
Cultural Trail raises enough money to keep Ann Dancing
Indianapolis Cultural Trail Inc. officials announced Wednesday that they’ve raised enough money to keep a popular electronic piece of public art in operation for years to come.
Annual growth in charitable giving slows as predicted
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.
Carmel to take legal action against Lucas Estate in party controversy
Forrest and Charlotte Lucas have continued to host not-for-profit events and what they say are private weddings at their West 116th Street property, despite being turned down for a zoning variance by the Carmel Board of Zoning Appeals in 2017.
UPDATE: Vonnegut museum tops fundraising goal for new building
The museum, which is currently homeless, signed a purchase agreement in February for a building at 543 Indiana Ave. It needed to raise $1.5 million to buy and rehab the building, and it passed that goal with hours to spare Wednesday.
Intelligent Fiber Network raises $13M to help fund expansion
The Indianapolis-based broadband provider raised the funds from some of its member-owners and a new owner: Wabash Valley Power.
Founder of FACE low-cost animal clinic accuses current leaders of mismanagement
Scott Robinson, a medical doctor who founded The Foundation Against Companion-Animal Euthanasia Inc. in 1993, has filed a complaint with the Office of the Indiana Attorney General.
IRT raises curtain on $18.5M fundraising campaign
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.
CICF, Hogsett seek $4M fund to provide wraparound services to formerly homeless
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.