Monday, June 23, 2008
The Chronicle of Philanthropy reported today that the Lily Foundation made grants totaling $50 million to three organizations, The American Red Cross ($2.5 million), the Salvation Army ($2.5 million) and the Indiana Association of the United Ways ($45 million). According to the Lily Foundation, these three organizations were selected because of each organization's history in providing disaster relief in affected areas. Below is an excerpt from the press release issued by the Lily Foundation:
In light of the massive recovery facing communities from floods and storms that wreaked havoc in 2008 across major portions of Indiana, Lilly Endowment Inc. announced today (June 23, 2008) grants totaling $50 million for disaster relief and recovery. The grants have been approved for three organizations that have significant experience serving in disaster situations.
The American Red Cross and The Salvation Army each will receive $2.5 million to help with their efforts to alleviate the more immediate needs of citizens and communities that have suffered from disasters in 2008 and to help replenish their disaster relief funds.
The Indiana Association of United Ways (IAUW) has been awarded $45 million for a disaster-response fund from which IAUW will make grants for relief and recovery efforts at the county level in counties damaged by 2008 disasters. Eligibility criteria likely will include whether a county has been declared a disaster area by the state or federal government.
For the full press release, click here.
Also see earlier blog posting about the financial stress the Midwest floods have placed on regional and national nonprofits.