JA working its way out of real estate troubles
If the debt refinancing is completed, Junior Achievement would be nothing more than a tenant at the Gene B. Glick Junior Achievement Education
Center.
Governance
Articles
Not-for-profit Leadership Ventures calling it quits
Local organization that helped other not-for-profits attributes June 30 closing to economic downturn.
Timmy Foundation to absorb doctor’s Nigerian mission
The foundation, founded by Dr. Chuck Dietzen, will absorb the Mercy Foundation, started by Dr. Mercy Obeime, in July.
Junior Achievement CEO awaits results of audit
Jennifer Burk, who took the helm in July, wishes she'd asked more questions when she was a board member.
Columbia Club strikes deal with Indianapolis Chamber
The not-for-profit on Monument Circle announced its initiation fees will be waived for all chamber members.
Humane Society expects to finish 2009 in the black
The group, which rang up more than $3 million in debt before changing course in 2008, had been operating at a deficit for
six years.
Expected flurry of charity mergers fails to materialize
Observers offer various explanations for the lack of mergers, including that staff and budget cuts have left many not-for-profits
without the manpower or time for due diligence.
Big donor leaves Indianapolis Museum of Art board
The Indianapolis Museum of Art is losing endowment revenue at the same time prominent donor Wayne Zink, CEO of Endangered
Species Chocolate, has resigned from the board.
CICF lost more than its foundation peers in ’08
The $491 million Central Indiana Community Foundation has switched investment advisers after the market crash of 2008, a year
in which it saw greater losses than many of its peers.
Some U.S. charity executives shared the pain in 2008
Some—but not all—not-for-profit executives took pay cuts in 2008, according to the Chronicle of Philanthropy’s
annual salary survey.
Carmel arts foundation adds directors; Stutz names residents
The Carmel Performing Arts Foundation has appointed its first independent board members, Rollin Dick and Rosemary Waters.
In downtown Indianapolis, two local artists will receive free studio space in the Stutz Building
for the next year.
Little Red Door names new leader
The Little Red Door cancer agency has hired Fred Duncan, the chief fund-raiser at the Indianapolis Museum of Art, as its new
executive director, the not-for-profit announced today.
Not-for-profits: Treat donors as investors
Nonprofit organizations should treat their donors as shareholders because they invest in the organizations just as shareholders do in public companies.
Not-for-profit governance needs to be taken seriously
Many boards of directors have not taken to heart their responsibilities, opting instead for the easier route of trusting management and operating personnel.
Obstacles couldn’t stop community-minded Shaheen
Yvonne Shaheen, retired CEO of Long Electric Co., is the winner of the 2006 Michael A. Carroll award, given annually in memory of the former deputy mayor to a person who embodies determination, devotion, humility and community.