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10 Largest Foundations in the World

Lilly Endowment

In 1937, Lilly Endowment, Inc., was established by Josiah K. Lilly, Sr., and his sons with stock from Eli Lilly pharmaceuticals company. While the endowment, which now totals $10.8 billion, is 13 percent of the company's stock, the foundation is separate from the pharmaceuticals company. The foundation's primary recipients are in community development, education, and religion. The Lilly Endowment is the largest private foundation in the United States to contribute mostly to local projects, with 60 to 70 percent of its annual funds going to charities in its home state of Indiana.