April 6, 2011; Source: Indiana University | The Center on Philanthropy at Indiana University – the folks that produce the annual Giving USA Report – must be pinching themselves today. They announced yesterday an $8 million grant from the estate of Ruth Lilly. This is, according to Patrick Rooney, executive director of the center, the largest gift ever received by IU's well-known Center on Philanthropy. Lilly was deeply involved with IU for many years, giving over her lifetime a total of $30 million to the university.
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Rooney says that the Center on Philanthropy will use the money to build its faculty, its academic programs for students, and its research capacity. The center is a vitally important anchor in the nonprofit sector’s infrastructure, producing a report yearly that examines philanthropic giving trends in some detail.—Ruth McCambridge