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June 13, 2019
Contact: Judith Cebula
317.916.7327 | email@example.com
INDIANAPOLIS – Lilly Endowment’s 2018 annual report reflects on the value its founders placed on research and innovation both at their business, Eli Lilly and Company, and at the Endowment. The report highlights some of the imaginative approaches its grantees are taking to address societal challenges and further important causes in its three areas of grantmaking: religion, education and community development.
The report, which includes a complete list of 2018 grants, is available here.
Stories in the 2018 report illustrate how:
Since the Endowment began in 1937, it has distributed nearly $10.4 billion in grants to 9,926 charitable organizations. Of the $10.4 billion, $4 billion supported education (38 percent), $3.7 billion supported community development (36 percent), and $2.7 billion supported religion (26 percent). At the end of 2018, the Endowment’s assets totaled approximately $15.1 billion.
During 2018, the Endowment paid grants totaling $504.5 million. Community development grants accounted for $252.3 million (50 percent), education grants accounted for $124.4 million (25 percent), and religion grants accounted for $127.8 million (25 percent).
As in previous years, most of the grants were paid to organizations in Indiana – a total of $347.8 million (69 percent). Of the payment total of $504.5 million, $178 million (35 percent) was paid to non-Marion County grantees in Indiana and $169.8 million (34 percent) to Marion county (Indianapolis) grantees. Organizations outside of Indiana received $156.7 million (31 percent), mostly from religion grants.
About Lilly Endowment Inc.
Lilly Endowment Inc. is an Indianapolis-based, private philanthropic foundation created in 1937 by J. K. Lilly Sr. and his sons, Eli and J.K. Jr., through gifts of stock in their pharmaceutical business, Eli Lilly and Company. While those gifts remain the financial bedrock of the Endowment, the Endowment is a separate entity from the company, with a distinct governing board, staff and location. In keeping with the founders’ wishes, the Endowment supports the causes of community development, education and religion. The Endowment funds programs throughout the United States, especially in the field of religion. In keeping with the wishes of its founders, it maintains a special commitment to its hometown, Indianapolis, and home state, Indiana.