STOCK SURGE BOOSTS LILLY ENDOWMENT TO $100 BILLION IN ASSETS

The following information was released by Candid:

A surge in the stock of pharmaceutical giant Eli Lilly and Co has bolstered the assets of the founding family's private foundation to a record $100 billion in assets, Bloombergreports.

According to a Securities and Exchange Commission filing obtained by Bloomberg, the Lilly Endowment is the company's largest shareholder, with 92.5 million shares. In November, Eli Lilly became the first pharmaceutical company to hit a $1 trillion valuation. Last year, the endowment topped the Gates Foundation as the largest U.S. foundation in terms of assets under management.

The endowment will award at least $3.6 billion in 2025 due to stock surges last year. Moreover, its giving in 2026 will likely be even higher as the endowment's share are up about 40 percent this year. The foundation typically focuses its grants on religion, education, and community development in its home state of Indiana.

"We're grateful to have expanded resources to devote to the causes that our founders established when they created Lilly Endowment in 1937," endowment communications director Judith Cebula told Bloomberg.