philanthropy

Noah Coffey / https://www.flickr.com/photos/noahwesley/

Indiana will begin registering businesses as “benefit corporations,” which gives companies the flexibility to be socially conscious while still making money. The new designation is meant to bridge the gap between for-profit and non-profit companies.

Secretary of State Connie Lawson says the benefit corporation designation protects companies against shareholder lawsuits when profits aren’t maximized at the expense of a social mission.  She notes it’s a popular concept with millennials, a group she says will make up 75 percent of the workforce in the next decade.

Family and friends mourn Eugene Glick

Oct 2, 2013

An Indianapolis real estate businessman and philanthropist has passed away. Eugene Glick was 92 years old.

Gene B. Glick Company has more than 18,000 apartments in ten states. The money the entrepreneur accrued through his business ventures he gave back to the community.

Glick and his wife Marilyn gave millions to arts, education, and youth programs throughout the state including helping funded the only children’s shelter in Indianapolis at the Children’s Bureau.