Indiana University had a license or two to print money from the commercialization of its technology over the last year—and did it ever. While Purdue University didn’t collect as much in royalties from commercialization, it pulled down record levels of research grants.
Juli Erhart-Graves, president of the volunteer-run organization, said demand has outstripped SNSI’s ability to raise
money and win grants during the economic downturn.
Conserving Hoosier Industrial Power, or CHIP, grants will range from $50,000 to $400,000.
Once the nation’s wealthiest foundation, Indianapolis-based Lilly Endowment now ranks ninth among its grant-making
peers. The endowment’s value fell 15 percent last year, to an estimated $4.8 billion.
A partnership between Indiana University School of Medicine and a medical school and hospital in Kenya has received an additional
$5 million grant from the U.S. Agency for International Development to expand health care services in the African nation.
A movement is afoot to professionalize the grant-writing trade.
The Washington Township Schools Foundation on the north side is among those that wants to raise money
for buildings and other high-cost needs.
Lilly Endowment will give United Way of Central Indiana $10 million to replenish its capital improvement program, which
helps not-for-profit agencies repair and upgrade their buildings.
The awards of $500 each total $62,500. “In lieu of doing a party, it was more
appropriate and more the corporate culture of Gregory & Appel to do something charitable,”
Vice President Steve Appel said.