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Lacy Foundation at a glance

· Private foundation

Lacy Foundation

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$474k
Granted FY2024still arriving
44
Grants FY2024still arriving
7
States reached
$105k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0197% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.

Arts & Culture$1.1MCommunity Improvement$579kEducation$510kHuman Services$245kPhilanthropy$153kRecreation & Sports$138kYouth Development$137kPublic Benefit$85kOther$0
02FY2024 · 44 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k25 grants · $60k
  • $10k–50k18 grants · $309k
  • $50k–250k1 grant · $105k
$7,500
Median grant
7
States reached
$12M
Total assets
Largest grants
RecipientAmount
LEADERSHIP INDIANAPOLIS$105,200
BALL STATE UNIVERSITY FOUNDATION$27,500
IU HEALTH FOUNDATION$25,000
COBURN PLACE$20,000
NINE13 SPORTS$20,000
INDIANA HISTORICAL SOCIETY$20,000
DISCOVERING BROADWAY$20,000
SHEPHERD'S CENTER OF HAMILTON COUNTY$20,000
BENJAMIN HARRISON PRESIDENTIAL SITE$20,000
JULIAN CENTER$20,000
CICP FOUNDATION INC$16,500
CONNER PRAIRIE$15,000
DRESS FOR SUCCESS$15,000
WOMEN4CHANGE INDIANA$15,000
COLLEGE MENTORS FOR KIDS$15,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY20–24, $192k) land where the poverty rate runs at 16%, against an area that typically sits at 9%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 9%SHELTERING WINGS: $500 → 5%THE JULIAN CENTER: $25k → 16%JULIAN CENTER: $20k → 16%COBURN PLACE: $25k → 16%COBURN PLACE: $20k → 16%COBURN PLACE: $20k → 16%COBURN PLACE: $20k → 16%COBURN PLACE: $20k → 16%WARM HEAR WARM HOME FOUNDATION: $1k → 16%INDIANA DIAPER BANK: $10k → 16%INDIANA DIAPER BANK: $10k → 16%TRINITY HAVEN: $20k → 16%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WA
ID
IL
NY
IN
OH
CA
VA
TN
OK
TX
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

90%of every dollar goes to organizations it has funded before.
$2.9M · 45 repeat orgs$329k to everyone else

Grantees it renews have grown median revenue +31% since the first grant, against +7% for those funded once.

45 repeat relationships: 25 still active in FY2024, 20 since wound down; 18 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

45
38

Total granted

$2.9M
$275k

Median revenue growth · since first grant

+31%
+7%

Still filing today

91%
58%

New vs renewed · share of each year

In FY2024, 89% of grant dollars renewed an existing relationship; $54k went to new ones.

50%100%’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’22’23’24
Arts & CultureEducationHuman ServicesHealthRecreation & SportsYouth DevelopmentOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • LI
    Leadership Indianapolis Inc
    5× · 2020–2024 · $439k · revenue +150%
  • CP
    COBURN PLACE SAFEHAVEN II INC
    5× · 2020–2024 · $105k · revenue +31%
  • N1
    NINE 13 INC
    5× · 2020–2024 · $100k · revenue +3%

Funded once

  • BU
    Butler University
    one grant, 2022 · $50k · revenue +3%
  • TH
    TRINITY HAVEN INCgraduated
    one grant, 2020 · $20k · revenue +125%
  • SI
    STARFISH INC
    one grant, 2020 · $18k · revenue +2%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Central Indiana Corporate Partnership Inc

Central indiana corporate partnership (cicp) is an alliance of indiana's business and research university leaders coming together to foster long-term prosperity for the region. cicp's mission is to transform the economy of indiana in order…

Community Improvement
2
Metropolitan Indianapolis Public Media Inc

Trusted journalism, inspiring stories and lifelong learning.

Arts & Culture
3
Enroll Indy Inc

Enroll indy helps families choose schools that meet their children's needs by providing a one-stop enrollment process, school information that is relevant and easy to understand, and data to inform school improvement in indianapolis,…

Education
4
The Indianapolis Foundation Inc

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.

Community Improvement
5
Indiana University Alumni Association Inc

The indiana university alumni association activates and supports the global alumni network- encouraging alumni to grow a lifelong connection with indiana university, and inspiring their ongoing generosity toward each other and the…

—
6
University Family Physicians Inc

Engage actively and continuously in medical research, education and training in the practice of medicine in conjunction with the department of family medicine of the indiana university school of medicine and indiana university…

—
7
Independent Insurance Agents of Indiana

To enhance the competitive position and fulfill business requirements of independent agents and brokers, advocating buyer interest, and continually striving to be the premier trade association.

—
8
Indiana Association of Realtors Inc

To serve its members and local associations by providing leadership programs and services to sustain a healthy real estate market in indiana. in providing these services, the association will raise the standards of the real estate…

—
9
Indiana Statewide Independent Living Council Inc

To empower its peers with disabilities to lead and control their own lives.

Human Services
10
Indiana Association of United Ways Inc

Indiana united way is the leading voice to advocate, engage, and partner with a strong united way network and key stakeholders to advance human well-being throughout indiana.

Philanthropy
11
Indiana University Health Foundation Inc

Indiana university health foundation leverages the power of philanthropy to support the iu health goal of making indiana one of the healthiest states in the nation.

Health
12
Indianapolis Downtown Marketing Inc

Indianapolis Downtown Marketing, Inc. (IDMI) exists to improve downtown Indianapolis. IDMI focuses on marketing downtown businesses, destinations, organizations, activities and events.

—
How this is measured
The grantee most central to the portfolio’s shape is Indiana State Fair Foundation Inc; the most unlike its peers is Magdalene House Chicago Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

75 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 75 of the 104 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
13
Early backer (in before they grew)
75/75
Grantees still filing
41/75
Grew since first funded

Where the money sits, by cause and then by grantee

Indiana Repertory Theatre Inc: $170,000 · Arts & CultureIndiana Repertory Theatr…AMERICAN CABARET THEATRE INC: $90,000 · Arts & CultureAMERICAN CABARET THEATRE…HEARTLAND FILM INC: $83,500 · Arts & CultureHEARTLAND FILM INCINDIANA HISTORICAL SOCIETY: $83,500 · Arts & CultureINDIANA HISTORICAL SOCIE…Conner Prairie Museum Inc: $77,000 · Arts & CultureConner Prairie Museum In…Newfields Inc: $60,000 · Arts & CultureNewfields IncINDIANAPOLIS ART CENTER INC: $57,500 · Arts & CultureINDIANAPOLIS ART CENTER …+8 more: $97,000 · Arts & Culture+8 moreBall State University Foundation Inc: $152,500 · EducationBall State Universi…BENJAMIN HARRISON PRESIDENTIAL SITE INC: $138,500 · EducationBENJAMIN HARRISON P…COLLEGE MENTORS FOR KIDS INC: $65,000 · EducationCOLLEGE MENTORS FOR…Marian University: $60,000 · EducationMarian UniversityButler University: $50,000 · EducationButler UniversityTeach for America Inc: $32,500 · EducationTeach for America I…Indiana University Foundation: $22,750 · EducationINDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC: $22,000 · Education+8 more: $30,250 · EducationDiscovering Broadway Inc: $75,000 · OtherDiscovering Broadway IncTHE SHEPHERD'S CENTER OF HAMILTON COUNTY: $67,500 · OtherTHE SHEPHERD'S CENTER OF HAMIL…THE INTERNATIONAL CENTER INC: $60,000 · OtherTHE INTERNATIONAL CENTER INCDRESS FOR SUCCESS: $60,000 · OtherDRESS FOR SUCCESSIPS FOUNDATION: $48,000 · OtherIPS FOUNDATIONINDY CHAMBER FOUNDATION INC: $40,000 · OtherINDIANA STATE MUSEUM AND HISTORICAL SITES: $30,000 · OtherCICP FOUNDATION INC: $94,500 · OtherCICP FOUNDATION INCGIRL SCOUTS OF CENTRAL INDIANA INC: $40,000 · OtherKEEP INDIANAPOLIS BEAUTIFUL INC: $50,000 · OtherKEEP INDIANAPOLIS BEAUTIFUL IN…CHILD ADVOCATES INC: $50,000 · OtherCHILD ADVOCATES INCGENNESARET FREE CLINIC INC: $30,000 · Other+45 more: $232,395 · Other+45 moreLeadership Indianapolis Inc: $439,350 · Public BenefitLeadership India…CENTER FOR LEADERSHIP DEVELOPMENT INC: $30,000 · Public BenefitCENTER FOR LEADE…UNITED WAY OF CENTRAL INDIANA INC: $86,000 · PhilanthropyUNITED WA…Central Indiana Community Foundation Inc: $67,000 · PhilanthropyCentral I…LA PLAZA INC: $60,000 · PhilanthropyLA PLAZA …WOMEN4 CHANGE INDIANA INC: $55,000 · PhilanthropyWOMEN4 CH…NINE 13 INC: $100,000 · Recreation & SportsYoung Actors Theatre Inc: $75,000 · Recreation & SportsINDIANA SPORTS CORPORATION: $20,000 · Recreation & SportsIndiana State Fair Foundation Inc: $11,200 · Recreation & SportsCOBURN PLACE SAFEHAVEN II INC: $105,000 · Human ServicesTHE JULIAN CENTER INC: $45,000 · Human ServicesINDIANA DIAPER BANK INC: $20,000 · Human ServicesTRINITY HAVEN INC: $20,000 · Human Services+2 more: $1,500 · Human Services
Arts & Culture$718,500Education$573,500Other$877,395Public Benefit$469,350Philanthropy$268,000Recreation & Sports$206,200Human Services$191,500

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetLeadership Indianapolis Inc: $439,350 over 5y, 21% of budgetIndiana Repertory Theatre Inc: $170,000 over 5y, 1.4% of budgetBall State University Foundation Inc: $152,500 over 3y, 0.3% of budgetBENJAMIN HARRISON PRESIDENTIAL SITE INC: $138,500 over 5y, 2.3% of budgetCOBURN PLACE SAFEHAVEN II INC: $105,000 over 5y, 0.6% of budgetNINE 13 INC: $100,000 over 5y, 3.3% of budgetCICP FOUNDATION INC: $94,500 over 4y, 0.1% of budgetAMERICAN CABARET THEATRE INC: $90,000 over 5y, 2.2% of budgetUNITED WAY OF CENTRAL INDIANA INC: $86,000 over 3y, 0.1% of budgetHEARTLAND FILM INC: $83,500 over 5y, 1.8% of budgetINDIANA HISTORICAL SOCIETY: $83,500 over 5y, 0.5% of budgetConner Prairie Museum Inc: $77,000 over 5y, 0.1% of budgetDiscovering Broadway Inc: $75,000 over 4y, 31% of budgetYoung Actors Theatre Inc: $75,000 over 4y, 3.9% of budgetTHE SHEPHERD'S CENTER OF HAMILTON COUNTY: $67,500 over 4y, 3.3% of budgetCentral Indiana Community Foundation Inc: $67,000 over 4y, 0.1% of budgetCOLLEGE MENTORS FOR KIDS INC: $65,000 over 4y, 1.3% of budgetNewfields Inc: $60,000 over 5y, 0.0% of budgetTHE INTERNATIONAL CENTER INC: $60,000 over 5y, 1.7% of budgetMarian University: $60,000 over 3y, 0.0% of budgetLA PLAZA INC: $60,000 over 4y, 0.8% of budgetINDIANAPOLIS ART CENTER INC: $57,500 over 4y, 0.6% of budgetWOMEN4 CHANGE INDIANA INC: $55,000 over 3y, 11% of budgetKEEP INDIANAPOLIS BEAUTIFUL INC: $50,000 over 2y, 0.6% of budgetCHILD ADVOCATES INC: $50,000 over 2y, 0.7% of budgetButler University: $50,000 over 1y, 0.0% of budgetTHE JULIAN CENTER INC: $45,000 over 2y, 0.5% of budgetGIRL SCOUTS OF CENTRAL INDIANA INC: $40,000 over 4y, 0.1% of budgetTeach for America Inc: $32,500 over 2y, 0.0% of budgetCENTER FOR LEADERSHIP DEVELOPMENT INC: $30,000 over 3y, 0.3% of budgetGENNESARET FREE CLINIC INC: $30,000 over 2y, 2.0% of budgetIndiana University Foundation: $22,750 over 4y, 0.0% of budgetINDIANAPOLIS - MARION COUNTY PUBLIC LIBRARY FOUNDATION INC: $22,000 over 2y, 0.8% of budgetIndianapolis Zoological Society Inc: $20,300 over 3y, 0.0% of budgetIndianapolis Children's Choir: $20,000 over 2y, 0.7% of budgetKURT VONNEGUT MEMORIAL LIBRARY INC: $20,000 over 3y, 1.0% of budgetINDIANA DIAPER BANK INC: $20,000 over 2y, 1.7% of budgetTRINITY HAVEN INC: $20,000 over 1y, 5.8% of budgetINDIANA SPORTS CORPORATION: $20,000 over 3y, 0.1% of budgetSTARFISH INC: $17,500 over 1y, 2.0% of budget500 Festival Foundation Inc: $15,000 over 2y, 0.7% of budgetSECOND HELPINGS INC: $12,000 over 1y, 0.1% of budgetARTS COUNCIL OF INDIANAPOLIS INC: $12,000 over 5y, 0.1% of budgetIndiana State Fair Foundation Inc: $11,200 over 2y, 2.2% of budgetGLOBAL PREPARATORY ACADEMY: $11,000 over 4y, 0.1% of budgetPLAYWORKS EDUCATION ENERGIZED: $10,000 over 1y, 0.0% of budgetEITELJORG MUSEUM OF AMERICAN INDIANS AND WESTERN ART INC: $10,000 over 1y, 0.1% of budgetIndianapolis Opera Company: $10,000 over 1y, 0.7% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Nicholas H Noyes Jr M…Central Indiana Commu…Lilly Endowment IncThe Indianapolis Foun…Lumina Foundation for…Maurer Family Foundat…Eugene & Marilyn Glic…Nina Mason Pulliam Ch…Christel DeHaan Famil…Allen Whitehill Clowe…Richard M Fairbanks F…Arts Council of India…
Nicholas H Noyes Jr Memorial FoundationIN90.5× affinity42 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Nicholas H Noyes Jr Memorial Foundation · Central Indiana Community Foundation Inc · Lilly Endowment Inc · The Indianapolis Foundation Inc · Lumina Foundation for Education Inc · Maurer Family Foundation Inc · Eugene & Marilyn Glick Foundation · Nina Mason Pulliam Charitable Trust · Christel DeHaan Family Foundation Inc · Allen Whitehill Clowes Charitable Foundation Inc · Richard M Fairbanks Foundation Inc · Arts Council of Indianapolis Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Lacy Foundation funds: left to right is the share of its income from government, bottom to top the share from Lacy Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%3%10%23%40%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    34report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 104 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Lacy’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home