Indianapolis Foundation Inc
93% goes to programs $1 to raise $100 Strong reserves Growing revenue
Indianapolis Foundation Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 2013, with $129,958,722 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
615 N Alabama St Ste 300, Indianapolis, IN, 46204 EIN 45-4618430 Since 2013
Revenue (FY2024)
$130.0M
▲ 122.2% vs prior year
Community median: $184K
Expenses (FY2024)
$64.9M
Net assets
$460.8M
Employees
32
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Indianapolis Foundation Inc: 93% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating85 mo reserves · +50% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Indianapolis Foundation Inc: 85 mo reserves · +50% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Indianapolis Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Indianapolis Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To mobilize people, ideas, and investments to make this a community where all individuals have equitable opportunity to reach their full potential - no matter place, race or identity.
What they do
We help people invest in the causes that matter most to them.
We award grants to effective not-for-profit organizations.
Contact & location
- Address
- 615 N Alabama St Ste 300, Indianapolis, IN, 46204
- City
- Indianapolis
- State
- Indiana
- Subcategory
- Community & Neighborhood Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2013) to $130.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $14.6MNet assets $460.8M
Operating margin
50.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$475.5M
Total liabilities
$14.6M
Net assets
$460.8M
Salaries & benefits
$5.8M
9% of expenses
Board members
6
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $129,958,722▲122% | $64,922,126▲5.8% | $460,843,141▲21.6% | $475,474,756▲21.2% | 990 |
| 2023 | $58,478,024▲25.8% | $61,335,402▲39.2% | $378,938,597▲524% | $392,217,457▲9.5% | 990 |
| 2022 | $46,491,674▲6.6% | $44,058,959▲40.6% | $60,739,102▼49.8% | $358,046,080▼14.9% | 990 |
| 2021 | $43,624,964▼0.2% | $31,327,989▲32.0% | $121,023,593▼65.1% | $420,490,049▲19.2% | 990 |
| 2020 | $43,731,535▲48.0% | $23,741,522▲2.4% | $347,217,251▲14.4% | $352,748,809▲15.0% | 990 |
| 2019 | $29,549,115▲24.8% | $23,192,413▲11.9% | $303,583,238▲10.4% | $306,838,083▲10.3% | 990 |
| 2018 | $23,670,151▼44.1% | $20,727,712▲6.0% | $275,098,228▼4.0% | $278,131,338▼3.7% | 990 |
| 2017 | $42,378,174▲51.9% | $19,551,179▼8.7% | $286,545,438▲16.3% | $288,950,205▲16.5% | 990 |
| 2016 | $27,891,079▲37.2% | $21,412,395▲19.8% | $246,440,403▲4.7% | $248,051,782▲4.6% | 990 |
| 2015 | $20,330,975▼23.9% | $17,872,927▼4.0% | $235,325,638▼4.2% | $237,098,010▼4.2% | 990 |
| 2014 | $26,702,720 | $18,614,204 | $245,728,486▼1.5% | $247,504,429▼1.5% | 990 |
| 2013 | $0 | $0 | $249,440,938 | $251,252,812 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Lorenzo Esters — $414,054 (0.64% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lorenzo Esters | President | 39 | $414,054 |
| Pamela Ross | Vp Comm. Lead. & Equit. Inits | 40 | $240,868 |
| Robert A Macpherson | Vp Philanthrophy & Development | 40 | $201,326 |
| Grace Findley | Chief Development and Partnerships Officer | 40 | $110,716 |
| Erin Tanner | Cfo | 15 | $76,470 |
| Jennifer Schrier | Senior Director of Finance | 14 | $47,436 |
| Cynthia Simon Skjodt | Board Member | 1 | — |
| John David Hahn | Board Member | 1 | — |
| Kameelah Shaheed-diallo | Secretary | 1 | — |
| Katherline L Davis | Vice Chair | 1 | — |
| Lacy Johnson | Board Member | 1 | — |
| Molly Wilkinson Chavers | Chair | 1 | — |
Grants received · $50.4M total
4 grants to Indianapolis Foundation Inc totaling $50.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Indiana University Health Inc | General support | 2024 | $50,000,000 |
| National Urban League Inc | Direct grants to small businesses | 2024 | $250,000 |
| National Urban League Inc | Direct grants to small businesses | 2023 | $125,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $10,000 |
Grants made · $45.4M in FY2024
490 grants totaling $45.4M in FY2024 — showing the 15 largest. All grants made by Indianapolis Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Horizon House Inc | To be used at the organization's discretion | $2,886,429 |
| Indianapolis-marion County Public Library Foundation | 2024 distribution | $1,994,356 |
| We Bloom Inc | From training to implementation: we bloom's trauma-informed workplace | $1,200,000 |
| Center For Mind-body Medicine | Hope and healing in indiana prisons - phase ii | $1,071,173 |
| Jewish Federation of Greater Indianapolis Inc | To be used at the organization's discretion | $719,800 |
| Fay Biccard Glick Neighborhood Center At Crooked Creek | Crt - engage: collective impact 1.0 | $682,949 |
| Eskenazi Health Foundation Inc | Charitable contribution | $534,954 |
| Iupui University Library | Philanthropic studies archive | $507,441 |
| Marc Lustgarten Pancreatic Cancer Foundation | To be used at the organization's discretion | $500,000 |
| University of Southern California | Center of neurosurgical excellence | $500,000 |
| Indiana Repertory Theatre Inc | 2024 distribution | $457,704 |
| Second Helpings Inc | 2024 distribution | $445,863 |
| Peace Learning Center Inc | To be used at the organization's discretion | $441,128 |
| Englewood Community Development Corporation | Housing to recovery initiative providence place | $425,945 |
| Indianapolis Cultural Trail Inc | 2024 distribution | $408,211 |
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Frequently asked questions
- Is Indianapolis Foundation Inc a legitimate nonprofit?
- Yes. Indianapolis Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4618430, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is Indianapolis Foundation Inc's EIN?
- Indianapolis Foundation Inc's Employer Identification Number (EIN) is 45-4618430.
- How much revenue does Indianapolis Foundation Inc report?
- Indianapolis Foundation Inc reported $129,958,722 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Indianapolis Foundation Inc's spending goes to programs?
- Indianapolis Foundation Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Indianapolis Foundation Inc have?
- CharityIndex grades Indianapolis Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Indianapolis Foundation Inc's highest-paid employee make?
- The highest reported compensation on Indianapolis Foundation Inc's latest Form 990 is $414,054, paid to Lorenzo Esters (President).
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Data for Indianapolis Foundation Inc (EIN 45-4618430) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.