Lilly Endowment 2nd-largest private US foundationDecember 23, 2019
By The Associated Press
INDIANAPOLIS — The Indianapolis-based Lilly Endowment is now the nation's second-largest private charitable foundation, trailing only the Bill & Melinda Gates Foundation, a new analysis has found.
FoundationMark, which tracks the investment performance of more than 40,000 foundations, performed the analysis of top foundation assets. It found that the Lilly Endowment’s assets reached $15.1 billion at the end of 2018, pushing it ahead of the Ford Foundation and the J. Paul Getty Trust, which had assets of $13.1 billion and $13.2 billion, respectively.
The Bill & Melinda Gates Foundation remained by far the largest private foundation, with $46.9 billion in assets, the Indianapolis Business Journal reported.
The rise in the Lilly Endowment's ranking comes after it had a strong year in asset performance. From 2017 to 2018, the endowment’s assets grew 29%, marking two years in a row of growth for the foundation.
That large gain is largely attributed to the 37% rise in stock price of Eli Lilly and Co. in 2018.
The Lilly Endowment was founded in 1937 with gifts of Lilly stock by three members of the Lilly family. The endowment is a separate entity from drugmaker, with a distinct governing board, staff and location.
More on DuboisCountyHerald.com
Indiana State Department of Health announced today the second positive case of COVID-19 for a...
Balancing work while parenting in the time of coronavirus
The Dubois County Health Department is accepting donations of homemade face masks and other...
In this age of social distancing due to COVID-19, social media is helping to fill in the human...
Memorial Hospital and Health Care Center has a plan for COVID-19, and has been working daily to...
Jasper Engines and Transmissions has converted one of its racing trailers into an alternate...
Tammy Lampert knows that Dubois County residents love to see old buildings repurposed and given...
Really, the process of distilling spirits and making hand sanitizer isn’t so different.