INDIANAPOLIS (AP) - A new analysis has found that the Indianapolis-based Lilly Endowment is now the nation's second-largest private charitable foundation, trailing only the Bill & Melinda Gates Foundation.
The analysis was performed by FoundationMark, which tracks the investment performance of more than 40,000 foundations.
It found that the Lilly Endowment's assets reached $15.1 billion at the end of 2018, pushing it ahead of the Ford Foundation and the J. Paul Getty Trust, which had assets of $13.1 billion and $13.2 billion, respectively.
The Indianapolis Business Journal reports that the Bill & Melinda Gates Foundation remained by far the largest private foundation, with $46.9 billion in assets.
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