The grant from the Indianapolis-based philanthropic giant is aimed at bolstering Indiana’s stature as a life sciences research hub.
After several years in which the value of its assets swelled, philanthropic giant Lilly Endowment Inc. watched its coffers shrink 12.7 percent in 2016 from about $11.8 billion to $10.3 billion.
The reputation the education reform group has engendered with its work in the city has spread—and therefore so has its donor base.
The Mind Trust, an Indianapolis-based not-for-profit that promotes education reform, will use the funds to support Innovation Network Schools and recruit school leaders.
The not-for-profits, some of which received as much as $10 million, include community centers, hunger relief agencies and social services groups. Most plan to use at least a portion of the money to create or fortify endowments.
One hundred teachers throughout the state—including 44 recipients from the Indianapolis area—have been chosen to receive grants from Lilly Endowment Inc. as part of the Teacher Creativity Fellowship.
The Indianapolis Center for Congregations Inc. will receive $1.57 million from Lilly Endowment Inc. to support a national program designed to help churches reach young adults.
The endowment announced plans Friday to provide up to $30 million over the next five years to support counseling programs in public and charter schools in Indiana.
After a long swoon, the Lilly Endowment is packing an increasing philanthropic punch. Assets climbed to $11.8 billion in 2015, the fifth straight year they rose.
The Indiana Biosciences Research Institute, set up just three years ago, announced Wednesday morning that it has been awarded grants of $80 million from the Lilly Endowment and $20 million from the Eli Lilly and Co. Foundation.
Indianapolis-based Lilly Endowment Inc. said the grants are part of its effort to identify and cultivate theologically minded youth who will become leaders in their churches and society.
Fourteen not-for-profits will receive funding, including $10 million each for the Children's Museum of Indianapolis, Indianapolis Museum of Art, the Indianapolis Symphony Orchestra and Indianapolis Zoo.
N. Clay Robbins, the president and CEO of the Lilly Endowment, has been given the additional title of chairman at the Indianapolis-based private charitable foundation.
Central Indiana's economy is diverse, but Lilly is such a behemoth that its ups and downs reverberate statewide.
Thomas Lofton, who died Friday, provided legal counsel to the Indianapolis foundation for decades before becoming its chairman in 1993.
Assets in 2014 rose from $7.7 billion to $10.1 billion, a 31-percent surge. The value of the endowment now has nearly doubled since closing 2010 at $5.3 billion.