Lilly Endowment Inc
- Assets
- $40.8b
- Revenue
- $1.9b
- Investments
- $39.8b
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 07/1938
- Data as of
- 12/2022
- EIN
- 35-0868122
Organization Overview
Lilly Endowment Inc is located in Indianapolis, IN. The organization was established in 1938. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lilly Endowment Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lilly Endowment Inc generated $1.9b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $1.4b during the year ending 12/2022. While expenses have increased by 16.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lilly Endowment Inc has awarded 12,367 individual grants totaling $5,938,110,810. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENING FOR INDIANA COMMUNITY FOUNDATIONS PARTICIPATING IN GIVING INDIANA FUNDS FOR TOMORROW (GIFT) INITIATIVE - IN MARCH 2022, LILLY ENDOWMENT HOSTED A CONVENING OF INDIANA COMMUNITY FOUNDATIONS PARTICIPATING IN THE ENDOWMENTS GIVING FUNDS FOR TOMORROW (GIFT) INITIATIVE AT THE WESTIN HOTEL IN DOWNTOWN INDIANAPOLIS. THE CONVENING AGENDA INCLUDED A WELCOME DINNER AND RECEPTION FOR ATTENDEES ON MARCH 28, 2022, WHILE THE FORMAL PROGRAM ON MARCH 29, 2022, INCLUDED PLENARY AND BREAKOUT SESSIONS DESIGNED TO EXPLORE CHALLENGES AND OPPORTUNITIES FACING INDIANA COMMUNITIES, WAYS FOR FOUNDATIONS TO GATHER INPUT AND COLLABORATE WITH LOCAL STAKEHOLDERS, PROMISING PRACTICES REGARDING COMMUNITY FOUNDATION BOARD MEMBER ENGAGEMENT, AND STRATEGIES TO ENHANCE LOCAL QUALITY OF PLACE. IN TOTAL, 184 REPRESENTATIVES--INCLUDING EXECUTIVES, STAFF AND BOARD MEMBERS--FROM 93 COMMUNITY FOUNDATIONS AND 23 STAFF FROM THE ENDOWMENT ATTENDED THE CONVENING.
CONVENING FOR ADVANCING SCIENCE OF READING IN INDIANA (ASRI) - ADVANCING SCIENCE OF READING IN INDIANA IS AN INVITATIONAL INITIATIVE FUNDED BY LILLY ENDOWMENT TO HELP INTERESTED INDIANA COLLEGES AND UNIVERSITIES EXPAND AND ENHANCE THE USE OF EVIDENCE-BASED INSTRUCTIONAL METHODS ALIGNED WITH THE SCIENCE OF READING IN THEIR TEACHER PREPARATION PROGRAMS. THROUGH ASRI, THE ENDOWMENT ALLOCATED A TOTAL OF UP TO 25 MILLION FOR PLANNING AND IMPLEMENTATION GRANTS TO COLLEGES AND UNIVERSITIES THAT WISH TO PARTICIPATE IN THE INITIATIVE. IN OCTOBER 2022, THE ENDOWMENT CONVENED REPRESENTATIVES FROM 32 COLLEGES AND UNIVERSITIES TO NETWORK, LEARN ABOUT THE SCIENCE OF READING AND ITS ROLE IN TEACHER PREPARATION, AND RECEIVE DETAILS ABOUT THE ENDOWMENT'S ASRI INITIATIVE. THE ENDOWMENT INVITED NATIONAL EXPERTS TO DELIVER PRESENTATIONS RELATED TO THE SCIENCE OF READING, INCLUDING ITS IMPORTANCE FOR IMPROVING READING ACHIEVEMENT IN INDIANA AND ITS USE IN TEACHER PREPARATION PROGRAMS.
CONVENING FOR ENHANCING OPPORTUNITY IN INDIANAPOLIS INITIATIVE - A CONVENING WAS HELD AT EASTERN STAR CHURCH'S THE ROCK COMMUNITY CENTER FOR YOUTH & CHILDREN ON DECEMBER 1, 2022, FROM 8:00 AM TO 4:00 PM FOR 28 ORGANIZATIONS THAT RECEIVED ENHANCING OPPORTUNITY IN INDIANAPOLIS GRANTS FROM LILLY ENDOWMENT. ENHANCING OPPORTUNITY IN INDIANAPOLIS IS AN ONGOING INITIATIVE FUNDED BY THE ENDOWMENT TO IMPROVE THE LIVELIHOODS OF INDIVIDUALS AND FAMILIES FACING COMPLEX AND VARIED CHALLENGES ASSOCIATED WITH POVERTY AND FINANCIAL INSECURITY. CONVENING SESSIONS HELPED ORGANIZATIONS THAT RECEIVED GRANTS TO COLLABORATE AND LEARN FROM ONE ANOTHER AS THEY WORK COLLECTIVELY TO HELP OTHERS MAKE PROGRESS TOWARD ACHIEVING LASTING ECONOMIC SELF-SUFFICIENCY. SEVENTY-FIVE GUESTS REPRESENTING THE GRANT RECIPIENT ORGANIZATIONS WERE IN ATTENDANCE. FIVE FACILITATOR CONSULTANTS, THREE EVENT PLANNERS AND 12 ENDOWMENT STAFF ALSO WERE IN ATTENDANCE. BREAKFAST, LUNCH, AND BREAK SERVICE WERE PROVIDED.
CONVENING FOR STRENGTHENING YOUTH PROGRAMS IN INDIANA INITIATIVE - IN 2022, THE ENDOWMENT PAID THE WESTIN HOTEL IN DOWNTOWN INDIANAPOLIS A DEPOSIT FOR THE 2023 CONVENING OF STRENGTHENING YOUTH PROGRAMS IN INDIANA INITIATIVE GRANTEES. THE CONVENING WILL BE HELD ON AUGUST 24-25, 2023, FOR MORE THAN 200 REPRESENTATIVES OF NINE NATIONAL YOUTH-SERVING ORGANIZATIONS, WHICH WERE AWARDED A TOTAL OF 91.5 MILLION TO ENHANCE AND EXPAND THE IMPACT OF THEIR INDIANA AFFILIATES AND CHAPTERS. THE FUNDED ORGANIZATIONS WERE BIG BROTHERS BIG SISTERS OF AMERICA, BOYS & GIRLS CLUBS OF AMERICA, GIRLS INCORPORATED, GIRL SCOUTS OF THE UNITED STATES OF AMERICA, JUNIOR ACHIEVEMENT USA, NATIONAL BOY SCOUTS OF AMERICA FOUNDATION, NATIONAL COUNCIL OF YMCAS OF THE UNITED STATES OF AMERICA, NATIONAL FFA FOUNDATION AND YWCA USA. STRATEGIES FUNDED THROUGH THE GRANTS INCLUDED, AMONG OTHER THINGS, 1) BUILDING ORGANIZATION CAPACITY TO PROVIDE PROGRAMMING FOR YOUTH WHO ARE IN LOW-INCOME HOUSEHOLDS, ARE MEMBERS OF COMMUNIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
N Clay Robbins Chairman&ceo | 40 | $1,050,000 | |
Jennett M Hill President | 40 | $601,737 | |
Ben W Blanton VP Secy & Gc | 40 | $451,000 | |
Peter A Buck VP Invest&gm | 40 | $350,000 | |
Christopher L Coble VP Religion | 40 | $451,000 | |
Jaclyn P Dowd Vpevaluation | 40 | $295,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faegre Drinker Biddle & Reath Llp | 12/30/22 | $663,751 |
Baxter Capital Management Inc | 12/30/22 | $226,428 |
Innovative Integration Inc | 12/30/22 | $164,308 |
Inspire Success Inc | 12/30/22 | $127,000 |
Fund Evaluation Group Llc | 12/30/22 | $161,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $540,325 |
| Interest on Savings | $10,929,879 |
| Dividends & Interest | $456,192,441 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,447,993,939 |
| Capital Gain Net Income | $1,434,089,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,915,656,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,063,882 |
| Other employee salaries and wages | $4,492,754 |
| Pension plans, employee benefits | $4,023,485 |
| Interest | $0 |
| Taxes | $28,753,697 |
| Depreciation | $0 |
| Occupancy | $945,384 |
| Travel, conferences, and meetings | $320,819 |
| Printing and publications | $104,296 |
| Other expenses | $1,583,957 |
| Total operating and administrative expenses | $47,667,245 |
| Contributions, gifts, grants paid | $1,324,796,496 |
| Total expenses and disbursements | $1,372,463,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,830 |
| Savings and temporary cash investments | $964,407,642 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,928,651,392 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,798,643,857 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $55,575,526 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,575,526 |
Grants Awarded
Over the last fiscal year, Lilly Endowment Inc has awarded $1,380,372,022 in support to 1,530 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCEMENT CTR-WASHINGTON TWP SCHL PURPOSE: EMPLOYEE MATCHING GIFT(S) | $2,080 |
AGAPE THERAPEUTIC RIDING RESOURCES PURPOSE: 2022 PAR FOR THE HORSE GOLF EVENT | $7,500 |
AFRICAN METHODIST EPISCOPAL ZION CH PURPOSE: CHALLENGES FACING PASTORAL LEADERS | $1,000,000 |
100 BLACK MEN OF INDIANAPOLIS INC PURPOSE: EMPLOYEE MATCHING GIFT(S) | $6,900 |
100 BLACK MEN OF INDIANAPOLIS INC PURPOSE: OPERATING SUPPORT & CAPACITY BUILDG | $235,000 |
100 BLACK MEN OF INDIANAPOLIS INC PURPOSE: SUMMER YOUTH PROGRAM | $30,000 |