Cicp Foundation Inc
CICP Foundation Inc is a public charity based in Indianapolis, Indiana. It operates to benefit and carry out the mission of Central Indiana Corporate Partnership (CICP), supporting charitable and educational activities connected to CICP’s work to foster Indiana’s long-term prosperity.
Cicp Foundation Inc at a glance
In short: Cicp Foundation Inc gave $4.7M across 26 grants in 2025 (avg $182K), mostly in Michigan. 50% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $4,738,551
- -35.4% vs 2024
- Grants made (2025)
- 26
- -35.0% vs 2024
- Average grant
- $182,252
- -0.7% vs 2024
- Median grant
- $22,500
- Total assets
- $54,654,513
- +98.9% vs 2024
- New grantees (estimate)
- 50% first-time grantees (13 of 26, 2025)
- Primary geography
- Michigan (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated November 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Cicp Foundation Inc
- Contact
Mailing address: 1210 Waterway Blvd 5000, Indianapolis, IN 46202
Phone: (317) 532-4802
Website: https://cicpindiana.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Cicp Foundation Inc
Who Cicp Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Indiana University ($2.7M). Together the top 10 received $4.5M.
Grant Size Distribution
160 grants across all recorded years
The most common grant size was under $50K: 87 grants of 160 (54%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars went primarily to recipients in Indiana (57%) and Illinois (31%). Other reported recipient-state shares were North Carolina (5%), Washington, DC (3%), and Colorado (2%). These percentages may not total 100% because of rounding.
Grant Distribution by State
Share of 2025 grant dollars across all 26 itemized grants.
States
Cities
Is Cicp Foundation Inc open to new grantees?
50%
first-time grantees, 2025
In 2025, 13 of 26 grantees (50%) were first-time recipients. First grants averaged $22K; repeat grants $343K. How we count
Medians: $15K first-time, $47K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3.0M (2022) to $15.8M (2021). In 2025 it made 26 grants totaling $4.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana University Detroit, MI | To advance the analytixin strategic initiative project and conduct Indiana's life sciences industry research | $2,661,751 |
| Central Indiana Corporate Partnership Inc Indianapolis, IN | To Advance Research for Indot (Reimbursement) | $1,158,622 |
| Alliance for Strategic Growth Inc DBA Eastern Indiana Works Muncie, IN | To advance ascend Indiana's Indiana career apprenticeship pathway programs | $115,000 |
| Region 10 Workforce Board Inc DBA Southern Indiana Works New Albany, IN | To advance ascend Indiana's local communities youth apprenticeship programs | $115,000 |
| Crawfordsville Comm Schools Crawfordsville, IN | To advance ascend Indiana's local communities youth apprenticeship programs | $100,000 |
| Southern Indiana Education Center Inc Jasper, IN | To advance ascend Indiana's local communities youth apprenticeship programs | $100,000 |
| The Global Institute on Innovation Districts Inc Manhattan, NY | Advance Indiana's Life Sciences Innovation Ecosystem | $94,213 |
| Vincennes University Vincennes, IN | To support conexus Indiana's catapult advanced manufacturing training program | $46,970 |
| The Health & Hospital Corporation of Marion County DBA Eskenazi Health Indianapolis, IN | To advance ascend Indiana's behavioral health workforce development program | $46,213 |
| Leadership Indianapolis Inc Indianapolis, IN | To Advance Cicp's Know Your Why Program | $38,900 |
Ready to take the next step with Cicp Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $54,654,513 | $26,885,977 | $26,175,223 | $4,738,551 | 26 | $1,890,535 |
| 2024 | $27,483,469 | $29,580,011 | $28,537,091 | $7,339,756 | 40 | $1,350,561 |
| 2023 | $43,729,093 | $34,388,088 | $32,830,359 | $13,369,350 | 44 | $1,903,231 |
| 2022 | $59,493,822 | $22,354,287 | $21,503,099 | $3,022,200 | 22 | $517,983 |
| 2021 | $75,472,959 | $39,753,339 | $39,384,019 | $15,796,495 | 28 | $50,981 |
| 2020 | $59,118,591 | $40,584,591 | $23,245,979 | $3,787,873 | 15 | $237,993 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission is to support CICP through activities that are charitable, educational, or otherwise described in Section 170(c)(2)(B) of the Internal Revenue Code. CICP’s mission is to transform Indiana’s economy to create sustainable prosperity and quality of life for current and future generations.
The foundation funds charitable and educational activities associated with CICP’s initiatives, including Ascend Indiana, AgriNovus Indiana, BioCrossroads, Conexus Indiana, and TechPoint. Its 2024 filing also describes support for projects involving workforce pathways, advanced analytics and data collaboration, industry research, and sector initiatives.
Recipients in 2024 included organizations with varied missions. The Indiana Health Information Exchange says its mission is to improve health and healthcare through information exchange. EmployIndy describes itself as the workforce investment board for Marion County, responsible for developing the county’s workforce. Pattern says it supports Central Indiana’s creative and maker industries through business resources, exposure, education, and advocacy. Other recipients included universities, schools, research organizations, and economic and workforce development groups.
Grantmaking
In filing year 2024, the foundation reported 40 grants totaling $7,339,756. Grants ranged from $6,000 to $2,285,000, with a median grant of $23,354. Its 2025 filing, the latest on this page, reports 26 grants totaling $4.7 million.
Among the largest reported grants were $2,285,000 to Purdue University for the AnalytiXIN strategic initiative; $1,307,060 to Indiana Health Information Exchange for development of the AnalytiXIN strategic initiative health data asset; and $1,066,818 to EmployIndy for Ascend Indiana modern and youth apprenticeship programs. Other notable grants included $829,694 to Central Indiana Corporate Partnership for INDOT research, $352,250 to Research Triangle Institute for research and development related to Indiana’s agbioscience ecosystem, and $200,000 to the Brookings Institution for research on regional economic opportunity in advanced industries.
The filing says the foundation regularly requires programmatic and financial reports from recipients, reviews them for compliance, and retains them. It also describes documentation and, in some cases, agreements for stipends or other awards, with requirements to be fulfilled before payment.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Sue Ellspermann as chair; Bryan Mills as vice chair and treasurer; Stephen Ferguson as secretary; and Gail Boudreaux, Jeff Harrison, Mark Hill, Dave Ricks, Jennifer Rumsey, and Jeff Smulyan as at-large directors. Melina Kennedy is listed as CEO of CICP.
Cicp Foundation Inc is led by Melina Kennedy, CEO & Cicp on every filing since 2023; none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Melina Kennedy
CEO & Cicp
On filings since 2023
20 hrs/week
No compensation reported
Latoya Alexander Botteron
President, CFO & Cicp
CFO → President, CFO & Cicp, 2022
On filings since 2020
16 hrs/week
No compensation reported
Bryan Mills
Chair July-Dec, V.chair & Treasurer to July
Director, Vice Chair & Treasurer → Vice Chair & Treasurer, 2022
Vice Chair & Treasurer → Chair July-Dec, V.chair & Treasurer to July, 2025
On filings since 2020
1 hr/week
No compensation reported
Sue Ellspermann
Chair
Director At-Large → At-Large, 2022
At-Large → Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Jennifer Rumsey
V.chair July-Dec & At Large to July
At-Large- Beginning July → At-Large, 2024
At-Large → V.chair July-Dec & At Large to July, 2025
On filings since 2023
1 hr/week
No compensation reported
Gail Boudreaux
At-Large
Director At-Large → At-Large, 2022
On filings since 2020
1 hr/week
No compensation reported
Jeff Harrison
At-Large
Director At-Large → At-Large, 2022
On filings since 2020
1 hr/week
No compensation reported
Jeff Smulyan
At-Large
Director & Treasurer → Director At-Large, 2021
Director At-Large → At-Large, 2022
On filings since 2020
1 hr/week
No compensation reported
Stephen Ferguson
Secretary
Director & Secretary → Secretary, 2022
On filings since 2020
1 hr/week
No compensation reported
Dave Ricks
At-Large
At-Large- Beginning July → At-Large, 2024
On filings since 2023
1 hr/week
No compensation reported
David Findlay
Treasurer Beginning July
New on the 2025 filing
1 hr/week
No compensation reported
Stanley Chen
At-Large
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (6)
- Former: Mark Hill (2020–2024) — At-Large
- Former: Connie Bond Stuart (2020–2023) — Immediate Past Chair-
- Former: Tom Linebarger (2021–2023) — Chair-
- Former: David Lawther Johnson (2020–2022) — CEO & Cicp
- Former: Catherine A. Langham (2020) — Director & Past Chair
- Former: Norman Thomas Linebarger (2020) — Director At-Large
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cicp Foundation Inc
How much does Cicp Foundation Inc give each year?
Cicp Foundation Inc gave $4.7M across 26 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $7.3M across 40 grants.
What is Cicp Foundation Inc's typical grant size?
Cicp Foundation Inc's median grant in 2025 was $22,500, and its average grant was $182,252, across 26 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Cicp Foundation Inc that year got $22K on average.
Where does Cicp Foundation Inc give grants?
Cicp Foundation Inc gives mostly in Michigan: 56% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Indiana (41%). The most frequent recipient cities were Indianapolis, IN (9 grants) and Jasper, IN (2 grants).
Does Cicp Foundation Inc give general operating support?
Not in 2025: none of the 26 grants with a stated purpose on Cicp Foundation Inc's 2025 IRS Form 990 were described as general or operating support.
Who are Cicp Foundation Inc's largest grantees?
Cicp Foundation Inc's largest 2025 grantees include Indiana University ($2,661,751), Central Indiana Corporate Partnership Inc ($1,158,622) and Alliance for Strategic Growth Inc DBA Eastern Indiana Works ($115,000), according to its 2025 IRS Form 990. Together they received 83% of its itemized 2025 grant dollars.
How large is Cicp Foundation Inc?
Cicp Foundation Inc reported $54.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $26.9M.
What does Cicp Foundation Inc fund?
The foundation’s stated mission is to support CICP through activities that are charitable, educational, or otherwise described in Section 170(c)(2)(B) of the Internal Revenue Code. See mission & focus areas ↑
How do I apply for a grant from Cicp Foundation Inc?
Cicp Foundation Inc has no public application process in the sources Grantable reviewed. Check cicpindiana.com for current guidelines, or contact the foundation directly before submitting a request.
What is Cicp Foundation Inc's EIN?
Cicp Foundation Inc's EIN (Employer Identification Number) is 35-2065457. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS September 22, 2026)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 4, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 2, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 29, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Cicp Foundation Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Cicp Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Cicp Foundation Inc funder profile. GrantGraph. Retrieved November 6, 2026, from https://grantable.co/funders/cicp-foundation-inc-morg_061e087f0e0545c396a50e6449232b4b
BibTeX
@misc{grantable_352065457_2026,
author = {{Grantable}},
title = {{Cicp Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cicp-foundation-inc-morg_061e087f0e0545c396a50e6449232b4b},
note = {Accessed 2026-11-06. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Cicp Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Cicp Foundation Inc down — hundreds of funders to go?