Cicp Foundation Inc
CICP Foundation Inc is a 501(c)(3) public charity based in Indianapolis, Indiana, established in 1999. The Foundation operates exclusively to support the mission of Central Indiana Corporate Partnership (CICP), an alliance of Indiana's business and research university leaders. The Foundation engages in and supports charitable, educational, and scientific activities designed to foster long-term prosperity for the Central Indiana region.
Key facts about Cicp Foundation Inc
- EIN
- 35-2065457
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,339,756
- Grants made (2024)
- 40
- Average grant
- $183,494
- Median grant
- $23,354
- New grantees (estimate)
- 23% first-time grantees (9 of 40, 2024)
- Total assets
- $27,483,469
- Primary geography
- Indiana (57% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Cicp Foundation Inc funds
By grant dollars, the top recipient states for Cicp Foundation Inc's 40 itemized 2024 grants were Indiana (57%) and Illinois (31%). The most frequent recipient cities were Indianapolis, IN (11 grants) and Muncie, IN (2 grants). None of its 40 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Advance Conexus Indiana's Student Industries" (7 grants).
Is Cicp Foundation Inc open to new grantees?
23%
first-time grantees, 2024
In 2024, 9 of 40 grantees (23%) were first-time recipients. First grants averaged $261K; repeat grants $161K. How we count
Medians: $15K first-time, $30K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Cicp Foundation Inc
- How to evaluate Cicp Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27.5M
-37.2% YoY
Annual Giving
$7.3M
-45.1% YoY
Grant Count
40
-9.1% YoY
Avg Grant Size
$183K
-39.6% YoY
Mission & Focus Areas
Mission: Transform the economy of Indiana in order to create a sustainable prosperity and quality of life for citizens and future generations.
The Foundation supports CICP's five key talent and industry sector initiatives:
- Ascend Indiana – A talent and workforce development initiative committed to making Indiana a place of economic opportunity for all
- AgriNovus Indiana – Addresses challenges and opportunities in agbiosciences
- BioCrossroads – Focuses on life sciences
- Conexus Indiana – Addresses advanced manufacturing and logistics
- TechPoint – Focuses on technology sector development
Primary funding focus areas include education, philanthropy, voluntarism and grantmaking, and human services.
Grantmaking
The Foundation's grant-making focuses primarily on Indiana, Illinois, and Virginia. Recent grantmaking activity includes support for the Indiana Career Apprenticeship Pathway (INCAP) initiative and the Catalyst Scholars Fund for advanced chemistry innovation.
Ready to take the next step with Cicp Foundation Inc?
Geographic Focus
Where this funder awards grants
Primary focus on Indiana, with secondary activity in Illinois and Virginia.
Grant Distribution by State
Share of all 40 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $27,483,469
- Total Revenue: $29,580,011
- Total Expenses: $28,537,091
- Total Liabilities: $20,000,000
Rating: Three-Star rating with a score of 78% (Accountability & Finance focused)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,483,469 | $43,729,093 | $59,493,822 |
| Revenue | $29,580,011 | $34,388,088 | $22,354,287 |
| Expenses | $28,537,091 | $32,830,359 | $21,503,099 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,350,561 | $1,903,231 | $517,983 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
149 grants across all recorded years
Open Grants
1 open opportunity from Cicp Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Purdue University ($2,285,000), Indiana Health Information Exchange Inc ($1,307,060), Indianapolis Private Industry Council Inc DBA Employindy ($1,066,818).
| Recipient | Purpose | Amount |
|---|---|---|
| PURDUE UNIVERSITY Chicago, IL | TO ADVANCE THE ANALYTIXIN STRATEGIC INITIAIVE PROJECT | $2,285,000 |
| INDIANA HEALTH INFORMATION EXCHANGE INC Indianapolis, IN | TO ADVANCE THE DEVELOPMENT OF THE ANALYTIXIN STRATEGIC INITIATIVE HEALTH DATA | $1,307,060 |
| INDIANAPOLIS PRIVATE INDUSTRY COUNCIL INC DBA EMPLOYINDY Indianapolis, IN | TO ADVANCE ASCEND INDIANA'S MODERN AND YOUTH APPRENTICESHIP PROGRAMS | $1,066,818 |
| CENTRAL INDIANA CORPORATE PARTNERSHIP INC Indianapolis, IN | REIMBURSEMENT GRANT FOR INDOT RESEARCH | $829,694 |
| RESEARCH TRIANGLE INSTITUTE INC Charlotte, NC | TO SUPPORT RESEARCH AND DEVELOPMENT RELATED TO AGBIOSCIENCE ECOSYSTEM GROWTH IN INDIANA | $352,250 |
| THE BROOKINGS INSTITUTION Washington, DC | TO ADVANCE RESEARCH IN REGIONAL ECONOMIC OPPORTUNITY FOR ADVANCED INDUSTRIES | $200,000 |
| UNIVERSITY OF NOTRE DAME DU LAC Notre Dame, IN | TO ADVANCE THE DEVELOPMENT OF THE ANALYTIXIN STRATEGIC INITIATIVE DATA ASSET | $145,333 |
| PATTERN INC Carmel, IN | TO ADVANCE IN-DEPTH RESEARCH INTO REGIONAL ECONOMIC OPPORTUNITY FOR CREATIVE ECONOMY | $135,000 |
| CAREERWISE COLORADO Denver, CO | TO ADVANCE ASCEND INDIANA'S MODERN YOUTH APPRENTICESHIP PROGRAM | $118,365 |
| THE RAND CORPORATION Santa Monica, CA | TO ASSESS THE ROLE AND VALUE OF NONDEGREE WORKFORCE CREDENTIALS IN INDIANA | $114,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sue Ellspermann | Chair | 1 | — |
| Bryan Mills | Vice Chair/Treasurer | 1 | — |
| Stephen Ferguson | Secretary | 1 | — |
| Gail Boudreaux | At-Large | 1 | — |
| Jeff Harrison | At-Large | 1 | — |
| Mark Hill | At-Large | 1 | — |
| Dave Ricks | At-Large | 1 | — |
| Jennifer Rumsey | At-Large | 1 | — |
| Jeff Smulyan | At-Large | 1 | — |
| Melina Kennedy | CEO, Cicp | 20 | — |
| Latoya Alexander Botteron | President and CFO, Cicp | 16 | — |
Recent News & Activity
Recent developments and announcements
The Foundation has been active in supporting major regional economic development initiatives:
Support for the Indiana Career Apprenticeship Pathway (INCAP), which will launch its first cohort of high school students in fall 2026. Students will split time between workplace and classroom with at least 50% of training on-the-job.
CICP launches fund aimed at making Indiana a chemistry hub**Ascend Indiana Performance (2024):** Matched 963 early-career Hoosiers and job seekers with career and internship opportunities; completed 7 projects and connected 826 individuals to training and work-based learning opportunities.
**Catalyst Scholars Fund:** Launched to drive advanced chemistry innovation in Indiana and support the goal of making Indiana an advanced chemistry hub.
CICP launches fund aimed at making Indiana a chemistry hubCollaboration with the Richard M. Fairbanks Foundation and nearly 200 business, education, philanthropic and public-sector partners on CEMETS iLab Indiana, a comprehensive strategic plan for statewide apprenticeship experiences.
Contact Information
Address: 1210 Waterway Blvd Ste 5000, Indianapolis, IN 46202-2174
Phone: 317-532-4802
Website: www.cicpindiana.com
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Cicp Foundation Inc fund?
**Mission:** Transform the economy of Indiana in order to create a sustainable prosperity and quality of life for citizens and future generations. The Foundation supports CICP's five key talent and industry sector initiatives: • **Ascend Indiana** – A talent and workforce development initiative committed to making Indiana a place of economic opportunity for all • **AgriNovus Indiana** – Addresses challenges and opportunities in agbiosciences • **BioCrossroads** – Focuses on life sciences • **Co…
How do I apply for a grant from Cicp Foundation Inc?
**Total Giving (2024):** $7,353,756 **Typical Award Range:** $5,500 – $6,651,866 The Foundation's grant-making focuses primarily on Indiana, Illinois, and Virginia. Recent grantmaking activity includes support for the Indiana Career Apprenticeship Pathway (INCAP) initiative and the Catalyst Scholars Fund for advanced chemistry innovation.
Where does Cicp Foundation Inc make grants?
Primary focus on Indiana, with secondary activity in Illinois and Virginia.
What size grants does Cicp Foundation Inc award?
In 2024, Cicp Foundation Inc awarded 40 grants totaling $7.3M — an average of about $183K per grant, based on its IRS Form 990 filings.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cicp Foundation Inc's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.