Articles

Charitable giving firm sees surge

An increasingly popular philanthropic tool is driving growth at locally based Renaissance Administration LLC, almost tripling its business over the last five years.

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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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