The Mind Trust Lands $24M in Grants

Posted: Updated:
INDIANAPOLIS -

Indianapolis-based The Mind Trust has received three grants totaling more than $24 million. The education nonprofit says the funding will support the growth and success of high-quality schools and education talent pipelines over the next two to three years. 

The grants were awarded by The City Fund, Lilly Endowment Inc. and the Richard M. Fairbanks Foundation, all based in Indianapolis. The Mind Trust says the grants bring the total amount of funding raised in 2019 to more than $30 million.

The City Fund awarded $18 million to partially fund the nonprofit's fellowship programs, which aim to empower school leaders to launch new charter schools and Innovation Network Schools. The grant will also benefit The Mind Trust's school supports strategy, which provides professional development services to schools.

Lilly Endowment awarded $3.42 million to provide support to Indy schools through Teach for America and TNTP's Indianapolis Teaching Fellows Program. The programs work to train, place and support high-quality teachers in Indianapolis classrooms.

The Fairbanks Foundation awarded $3 million, which The Mind Trust says will provide critical operating resources to fuel its ongoing work. 

“These grants reflect Indianapolis’ continued progress toward giving every student, no exceptions, access to a great education, Brandon Brown, chief executive officer of The Mind Trust, said in a news release. "We are immensely grateful for this generous support from our local and national philanthropic community."

The Mind Trust says it has secured 55 percent of the funding it hopes to invest in Indianapolis over the next three years.

  • Perspectives

    • Sink or Swim: How to Stop Sabotaging New Hires

      You've jumped through the hiring hoops and emerged with some transformational talent. Before joining your company, Joe slashed costs and doubled revenue at his previous job, and Sue is known for building record-breaking teams and product launches. It should take them no time to produce similar results in your organization, right? In reality, Joe and Sue’s performances will hinge heavily on how you manage their post-hire assimilation: a cycle all new hires experience, lasting...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy Butler University)

      Aramark to End Operations at Butler

      Aramark Educational Services LLC has detailed plans to lay off 200 workers in Indianapolis. In a notice to the state, the company says the decision is the result of Butler University not renewing its contract to provide food services on the campus.

    • Metal Powder Products has Indiana operations in Noblesville and Campbellsburg.

      Manufacturer Growing Noblesville Operations

      Noblesville-based Metal Powder Products has announced plans to move a manufacturing division from Ohio to Hamilton County and add up to 80 jobs by 2020. The powder metallurgy product manufacturer says it will invest $1.5 million to increase production capacity in Indiana. The company currently employs more than 350 associates in its Noblesville and Washington County operations, and over 1,100 overall in the U.S. and China. MPP says it has already hired 51 employees as part of the...

    • Sink or Swim: How to Stop Sabotaging New Hires

      You've jumped through the hiring hoops and emerged with some transformational talent. Before joining your company, Joe slashed costs and doubled revenue at his previous job, and Sue is known for building record-breaking teams and product launches. It should take them no time to produce similar results in your organization, right? In reality, Joe and Sue’s performances will hinge heavily on how you manage their post-hire assimilation: a cycle all new hires experience, lasting...

    • Ting Gootee is the chief investment officer for Elevate Ventures.

      Indiana Lags Behind Neighbors on VC Investment

      A new report from Indianapolis-based Elevate Ventures says Indiana remains behind other states in the Midwest for venture capital investment. The 2018 Indiana Venture Report shows the state accounted for only 0.22 percent of all venture capital dollars last year. Ting Gootee, chief investment officer at Elevate, says while there is room to grow, Indiana is on the right path. In an interview with Inside INdiana Business, Gootee said a venture community requires different...

    • Chandler Speedway Auction Postponed

      The Chandler Speedway auction scheduled for this week has been canceled. Our partners at WEHT-TV report that track owner Reno Fontana has filed for bankruptcy in order to put a freeze on any debt collection, including sheriff's sales.