updated: 12/12/2012 8:07:43 AM

Lilly Endowment Fills Management Positions

InsideINdianaBusiness.com Report

Indianapolis-based Lilly Endowment Inc. has filled two executive positions. The organization says Ace Yakey Jr. will serve as vice president for community development and Chris Coble has been hired as vice president for religion.

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December 11, 2012

News Release

Lilly Endowment announces leadership changes in religion
The Board of Directors of Lilly Endowment Inc. has elected Christopher Coble vice president for religion. He succeeds Craig Dykstra, who retired at the end of July after serving 23 years in the position. Dykstra was elected to serve as a member of the Endowment’s Board of Directors.

In announcing the changes, N. Clay Robbins, the Endowment’s president and CEO, said, “The Endowment was blessed by Craig Dykstra’s superb leadership in its religion grantmaking for nearly a quarter of a century. Shepherding religion grants of more than $1 billion during this time, Craig was steadfast in pursuing the Endowment’s aims of invigorating Christian congregations throughout the country, supporting current pastors in their lives and work, and encouraging younger men and women to consider ministry as a vocation. The Endowment is pleased that it can continue to call on his wisdom and passion for the church through his service on its board.”

Regarding Coble, Robbins added, “Throughout Chris Coble’s 16 years of service to the Endowment as a program director in its religion division, he has demonstrated keen insights, strategic thinking, a collegial spirit, and a calling to strengthen and support congregations throughout the country and the pastors who serve them. He has a special interest in how the church can better engage younger generations in its ministries.

“The Endowment is confident and gratified that under his guidance the Endowment’s future religion grantmaking will build on and enhance all that has been accomplished under Craig Dykstra’s excellent leadership.”

Coble is ordained in the Christian Church (Disciples of Christ) and has served congregations in Indiana, North Carolina, Iowa and Massachusetts. He holds degrees from Wabash College (A.B., summa cum laude), Duke Divinity School (M.Div., magna cum laude) and Harvard University (Th.D.). Trained as a historian of American religion, his research interests focus on issues of religious formation and the transmission of faith in Christian churches.

After retiring from the Endowment, Dykstra accepted an appointment at Duke Divinity School, Durham, North Carolina, to serve as research professor of practical theology and senior fellow at Leadership Education at Duke Divinity. In these roles, Dykstra will conduct research on and write about Christian leadership, as well as teach seminars and courses about what leaders can do to help their institutions flourish.

The Indianapolis-based Lilly Endowment is one of the country’s largest private foundations, with assets of $6.2 billion at the end of 2011. Founded in 1937 by J.K. Lilly and his two sons, Eli and J.K. Jr., with gifts of stock in their pharmaceutical enterprise, the Endowment supports its founders’ interests in community development, education and religion. While gifts of stock in Eli Lilly and Company remain the financial bedrock of the Endowment, it is a separate entity from the company, with a distinct governing board, staff and location.

Source: Lilly Endowment Inc.

December 11, 2012

News Release

The Board of Directors of Lilly Endowment Inc. has elected Wallace R. (Ace) Yakey Jr. vice president for community development. An Indianapolis native, Yakey has served as a program director in the Endowment’s community development division for 15 years.
In announcing Yakey’s election, N. Clay Robbins, the Endowment’s president and CEO, said, “Ace’s background at United Way and in real estate and economic development before joining the Endowment, plus his 15 years of broad experience as a grantmaker at the Endowment, make him well qualified for this important position.

“Through his many years serving as the program director for the Endowment’s GIFT (Giving Indiana Funds for Tomorrow) initiative for Indiana community foundations, he has considerable knowledge about the strengths and needs of Indiana communities. The Endowment is most impressed with his can-do spirit, affable and conscientious approach to others, and his dedication to its aims to enhance the quality of life in communities throughout the state.”

Before he came to the Endowment, Yakey was the president of the Indianapolis Economic Development Corp., whose mission was to help retain and expand existing businesses and attract new businesses to the Indianapolis area. Before that, he was marketing director at Browning Investments, a real estate broker with Thomas & Associates, and assistant campaign director of United Way of Greater Indianapolis.

Yakey serves as a trustee of St. Paul’s Episcopal Church in Indianapolis and has served two terms on its vestry. He is a member of the Penrod Society and a graduate of the Stanley K. Lacy Executive Leadership Series. He has served as a board member on many community and civic organizations, including Dance Kaleidoscope, Jordan YMCA, Community Hospital Foundation, Washington Township Parent Council, the Indianapolis Private Industry Council and the Greater Indianapolis Foreign Trade Zone. He also is a past president of the Hanover College Alumni Association. He holds a bachelor’s degree from Hanover and a master of social work degree from Indiana University. Yakey is a graduate of Lawrence Central High School.

The Indianapolis-based Lilly Endowment is one of the country’s largest private foundations, with assets of $6.2 billion at the end of 2011. Founded in 1937 by J.K. Lilly and his two sons, Eli and J.K. Jr., with gifts of stock in their pharmaceutical enterprise, the Endowment supports its founders’ interests in community development, education and religion. While gifts of stock in Eli Lilly and Company remain the financial bedrock of the Endowment, it is a separate entity from the company, with a distinct governing board, staff and location.

Source: Lilly Endowment Inc.

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