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Lilly Endowment Funds Higher Education Initiative

Ivy Tech will receive half of the money.

39 colleges and universities in Indiana received a total of 62 million dollars from Lilly Endowment Inc. this week, through its initiative to improve employment opportunities for college graduates.

The portions of the $62 million grant schools received were awarded to schools based on their enrollment size.

As many as 53 percent of people under the age of 25 in Indiana with a bachelor’s degree are unemployed or underemployed — and they’re taking jobs traditionally occupied by high school graduates. Spokesperson for Lilly Endowment Ronni Kloth says providing the resources to find jobs graduates are qualified for, needs to begin when they’re still in school.

“That’s a problem that we think need to be solved, and can be solved in part by helping retain more college educated talents in Indiana and connecting them to meaningful job opportunities.”

Kloth said the grant would enable schools to increase internship opportunities for students, revamp their career development offices, or change their curriculum to better fit the job market.

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