Investors in failed Church Extension poised to recoup 70 percent
Professionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.
Philanthropy
Articles
Children’s Bureau consolidates
The Children’s Bureau Inc. has moved into offices in the Gene Glick Family Support Center.
The move represents the first time in 50 years that Children’s Bureau administrators have worked in the same building
that
houses their programs for families and children in crisis.
Ruth Lilly remembered for ‘selfless’ giving
Lilly, 94, who died Wednesday, gave away hundreds of millions of dollars of her fortune during her lifetime.
Eli Lilly and Co. heiress Ruth Lilly dies at 94
Over the course of her life, the last surviving great-grandchild of pharmaceutical magnate Eli Lilly gave away much of her
inheritance.
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.
School foundations step up to pay for programs as funding dries up
The Washington Township Schools Foundation on the north side is among those that wants to raise money
for buildings and other high-cost needs.
Volunteers sought to host dinners
Central Indiana residents are being invited to host informal dinners for small groups of foreign visitors.
Fund-raisers a little more optimistic as 2009 ends
People who raise money for a living are more optimistic about their prospects now than they were six months ago, reports
the Center on Philanthropy at IUPUI.
IUPUI dedicates engineering lab funded by Carrier Corp.
Over the past four years, Carrier has donated $71,000 for the purchase of equipment and software that will
allow mechanical engineering students at IUPUI to do more advanced work.
NFP of NOTE: Net Literacy
Net Literacy increases computer access, computer and Internet literacy, and Internet safety awareness while providing student
volunteers job skills, life skills, and an opportunity to participate in service to their community.
Ex-gas company CEO donates $1M to Community hospitals
The retired president and CEO of the former Indiana Gas Co. has donated $1 million to the philanthropic wing of a central
Indiana hospital network.
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.
Symphony ousts maestro, reports historic budget gap
The Indianapolis Symphony Orchestra experienced a year of financial and leadership shocks, as it reported a $2.8 million
budget shortfall and abruptly dismissed Music Director Mario Venzago.
Nature Conservancy nets another $1M for building
Lilly Endowment will give The Nature Conservancy in Indiana $1 million for its headquarters building, possibly reducing
the need for extensive borrowing.
Holiday Wish List
Here is a list of Indianapolis-area not-for-profit organizations and the things each needs most.
NFP of Note: Huntington’s Disease Society of America – Indiana
Huntington’s Disease Society of America believes in a future free from Huntington’s Disease and is committed
to building a community of compassion that enriches the lives of families affected by HD through education, research and care.
Lilly Endowment’s two-fer
Its education focus just might make the endowment more of a jobs engine than the Indiana Economic Development Corp.
$60M Lilly Endowment grant to fund IU physician research
Indiana University, which has received nearly $600 million from the endowment over the last three decades, will leverage the
new gift to increase its
scientific discoveries and commercialize life science innovations.
Lilly charity gives $1M to new IU health school
The Eli Lilly and Co. Foundation has given Indiana University $1 million to start a school of public health at Indiana University-Purdue
University Indianapolis.
Cash-strapped mayors may tap owners of tax-exempt property
A group of mayors led by Tom Henry of Fort Wayne and Greg Ballard of Indianapolis is seeking new sources of revenue to replace
the millions they’ll lose because of property tax caps.