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Endowment / Foundation

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Indianapolis Museum of Art

The organization traces to 1883 as the Art Association of Indianapolis. It rebranded as Newfields in 2017 to reflect the integration of art and landscape...

Overview

The organization traces to 1883 as the Art Association of Indianapolis. It rebranded as Newfields in 2017 to reflect the integration of art and landscape across multiple sites. Le Monte Booker serves as President and CEO. The endowment supports operations through holdings in private equity, venture capital, private credit, secondaries, and collectibles. Confirmed positions include commitments to venture capital and special situations funds via the Newfields Endowment. Geographic exposure spans North America, Europe, Asia, Africa, and Oceania. The campus includes the Virginia B. Fairbanks Art & Nature Park, Miller House and Garden in Columbus, Indiana, and Oldfields-Lilly House & Gardens. The institution employs 201 staff. It maintains relationships with Lilly Endowment Inc., the Clowes Fund, and the Richard M. Fairbanks Foundation. In May 2025 the board elected Anne Sellers chair. Additional offices are not disclosed. Philanthropic vehicles include the Indianapolis Museum of Art Foundation. Newfields operates as a museum endowment with direct ownership of real assets and art collections rather than a pure financial vehicle. Governance ties to local philanthropic families and trustees from financial institutions shape capital allocation and programming decisions.

General information

Firm type

Endowment / Foundation

Year founded

1883

Location

Region

North America

Country

United States

City

Indianapolis

Corporate office

4000 Michigan Road, Indianapolis, IN 46208, United States

Principals

Le Monte Booker

President & CEO

Anne Sellers

Chair of the Board of Trustees

Sector focus

Luxury

Frequently asked questions

Does Indianapolis Museum of Art participate in fund commitments or only direct deals?

The endowment holds limited partner positions in venture capital and special situations funds. It also owns real assets and art collections directly.

What investment stages does Indianapolis Museum of Art typically target?

The endowment allocates across buyout, venture capital, distressed debt, growth, and secondaries strategies.

How is Indianapolis Museum of Art related to Lilly Endowment Inc.?

Lilly Endowment Inc. provides major grants and matching gifts for operations and initiatives including fall festivals and campus projects.

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