Lilly Endowment Inc
- Assets
- $32.8b
- Revenue
- $1.3b
- Investments
- $31.9b
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 07/1938
- Data as of
- 12/2021
- 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 12/2021, Lilly Endowment Inc generated $1.3b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $763.7m during the year ending 12/2021. While expenses have increased by 7.3% 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 12,873 individual grants totaling $5,534,495,662. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENING FOR CHARTING THE FUTURE FOR INDIANA COLLEGES AND UNIVERSITIES (CHARTING THE FUTURE) - CHARTING THE FUTURE IS AN ONGOING STATEWIDE INITIATIVE FUNDED BY LILLY ENDOWMENT TO HELP LEADERS OF INDIANA'S 37 COLLEGES AND UNIVERSITIES ENGAGE IN THOUGHTFUL DISCERNMENT ABOUT THE FUTURE OF THEIR INSTITUTIONS AND ADVANCE STRATEGIC PLANNING AND IMPLEMENTATION EFFORTS TO ADDRESS KEY CHALLENGES AND OPPORTUNITIES. THROUGH THE INITIATIVE, THE ENDOWMENT APPROVED FUNDING THAT TOTALED MORE THAN 138 MILLION, WHICH INCLUDED PLANNING GRANTS, IMPLEMENTATION GRANTS, AND LARGE-SCALE PROJECT GRANTS. IN NOVEMBER 2021, THE ENDOWMENT CONVENED REPRESENTATIVES FROM THE 37 COLLEGES AND UNIVERSITIES TO NETWORK, LEARN TOGETHER AND ATTAIN INFORMATION THAT WOULD BE HELPFUL IN THINKING ABOUT AND ACTING ON THESE ISSUES AS THEY IMPLEMENT CHARTING THE FUTURE GRANTS AND OTHERWISE PLAN AND IMPLEMENT OTHER PROGRAMS AND STRATEGIES. THE ENDOWMENT INVITED NATIONAL HIGHER EDUCATION EXPERTS AND LOCAL BUSINESS LEADERS TO JOIN
GIFT COMMUNITY FOUNDATION CONVENING - IN 2021, THE ENDOWMENT PAID THE VENUE DEPOSIT FOR A CONVENING THAT WAS SCHEDULED FOR (AND HELD ON) 3/28/2022-3/29/2022 AT THE WESTIN HOTEL IN DOWNTOWN INDIANAPOLIS FOR INDIANA COMMUNITY FOUNDATIONS PARTICIPATING IN LILLY ENDOWMENT'S GIVING INDIANA FUNDS FOR TOMORROW (GIFT) INITIATIVE. THE CONVENING WAS 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
N Clay Robbins Chairpresceo | 40 | $975,000 | |
Robert L Smith Srvp | 40 | $503,045 | |
Christopher L Coble VP Religion | 40 | $438,000 | |
Diane M Stenson Vp&treasurer | 40 | $438,000 | |
Ben W Blanton VP Secy & Gc | 40 | $407,000 | |
Peter A Buck VP Investmts | 40 | $315,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faegre Drinker Biddle & Reath Llp | 12/30/21 | $633,494 |
Fund Evaluation Group Llc | 12/30/21 | $161,000 |
Innovative Integration Inc | 12/30/21 | $147,020 |
Baxter Capital Management Inc | 12/30/21 | $127,637 |
Inspire Success Inc | 12/30/21 | $120,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $556,847 |
| Interest on Savings | $781,133 |
| Dividends & Interest | $471,627,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $854,263,216 |
| Capital Gain Net Income | $842,965,472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,327,229,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,660,345 |
| Other employee salaries and wages | $4,219,448 |
| Pension plans, employee benefits | $3,883,071 |
| Interest | $0 |
| Taxes | $17,921,423 |
| Depreciation | $0 |
| Occupancy | $963,113 |
| Travel, conferences, and meetings | $125,295 |
| Printing and publications | $125,015 |
| Other expenses | $1,410,119 |
| Total operating and administrative expenses | $35,512,694 |
| Contributions, gifts, grants paid | $728,216,000 |
| Total expenses and disbursements | $763,728,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,400 |
| Savings and temporary cash investments | $819,266,732 |
| 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 | $2,222,105,020 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,180,424 |
| Total assets | $32,760,446,092 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $73,687,192 |
| 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 | $73,687,192 |
Grants Awarded
Over the last fiscal year, Lilly Endowment Inc has awarded $801,903,192 in support to 1,747 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL IMPROVEMENT BOARD OF MGRS PURPOSE: SUPPORT FOR BICENTENNIAL UNITY PLAZA | $28,470,000 |
NATIONAL TRUST HISTORIC PRESERVATN PURPOSE: PRESERVING BLACK CHURCHES PROJECT | $20,000,000 |
Indianapolis, IN PURPOSE: PHASE I DEVELOPMENT | $18,000,000 |
Indianapolis, IN PURPOSE: COMMUNITY SCHOLARSHIP PROGRAM 2023 | $15,887,905 |
Washington, DC PURPOSE: DISASTER RELIEF | $15,000,000 |
INDIANA ASSN OF UNITED WAYS INC PURPOSE: COVID19 ECONOMIC RELIEF FUND | $15,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lilly Endowment Inc Indianapolis, IN | $32,760,446,092 | $1,327,229,144 |
John D & Catherine T Macarthur Foundation Chicago, IL | $9,462,296,474 | $781,295,998 |
Abbvie Patient Assistance Foundation North Chicago, IL | $17,923,566 | $185,634,845 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |