Lilly Endowment investing $50M to fight Indianapolis poverty
INDIANAPOLIS (AP) — An Indianapolis-based foundation is investing up to $50 million to help low-income residents in Indiana’s capital move up the economic ladder.
The Lilly Endowment Inc. says the funding will boost programs and projects aimed at improving residents’ economic footing and move them toward self-sufficiency.
The Indianapolis Business Journal reports the endowment is soliciting proposals from not-for-profit groups, including human service agencies, neighborhood groups and churches. They and other groups are being encouraging to collaborate with each other or companies and governmental agencies on their efforts.
The Enhancing Opportunity in Indianapolis grants will range from $50,000 to $10 million.
Rob Smith is a senior vice president with the endowment. He says that an average of 180,000 Indianapolis residents experience poverty each year, and many struggle “to meet even their basic needs.”
Information from: Indianapolis Business Journal, http://www.ibj.com