Articles

Carmel council releases (most) arts grants

Finally satisfied that Carmel will end the year in the black, its City Council on Monday released more than $500,000 in arts funding that’s been on hold since April. But an increasingly hawkish majority held back another $200,000 earmarked for the Civic Theatre.

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Endowment assets soar $1.2B as Lilly shares climb

Lilly Endowment awarded $230 million in 2012, mostly to Indiana groups. Its fortunes still are largely tied to the value of Eli Lilly and Co. stock, despite an effort to diversify the private foundation’s holdings.

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Quirky campaign aims to win new listeners for WFYI

National Public Radio is spending $750,000 on an aggressive advertising campaign designed to boost its audience in four test cities, including Indianapolis, by pointing out the wide variety of people who listen to public radio.

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Eli Lilly and Co.’s rebound bolsters endowment

The value of Lilly Endowment Inc.’s principal holding—Eli Lilly and Co. stock—has increased nearly $2 billion over the past two years, bolstering the private foundation’s philanthropic firepower after a decade of declining or stagnant assets.

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Lumina betting $10M on startups

Indianapolis-based Lumina Foundation, one of the nation’s largest donors to education groups, has given $10 million to a venture capital firm to fund for-profit startups with ideas to meet the nation’s education challenges.

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Lilly Endowment awards Butler biz accelerator $3M

The gift will enable the accelerator to keep providing consulting services to mid-size Indiana businesses using the experience of consultants, as well as Butler University faculty and students. It launched in 2005 with the help of a $22 million grant from the endowment.

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Komen grant recipients cope with controversy they didn’t create

Local health care providers won’t find an easy replacement for the grant money supplied by Susan G. Komen for the Cure. That money could be in jeopardy, as grass-roots Komen supporters appear to be sitting out of this year’s Race for the Cure in response to a national controversy over grants to Planned Parenthood.

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