Eli Lilly (industrialist)

Eli Lilly
Born April 1, 1885
Indianapolis, Indiana
Died January 24, 1977(1977-01-24) (aged 91)
Residence Indianapolis, Indiana
Nationality American
Ethnicity Swedish
Citizenship American
Occupation Industrialist
Known for Pharmaceuticals
Philanthropy
Title President of Eli Lilly & co.
Term 1932-1948
Predecessor Josiah K. Lilly Sr.
Successor Josiah K. Lilly Jr.
Political party Republican
Board member of Lilly Endowment
Indiana Landmarks
Indiana Historical Society
Religion Episcopalian[1]

Eli Lilly (April 1, 1885 – January 24, 1977) was a pharmaceutical industrialist and philanthropist from Indiana, United States.

Contents

Business

Born in Indianapolis, Indiana, Eli Lilly was President of Eli Lilly and Company. He was named for his grandfather, Colonel Eli Lilly, who founded the family business. After graduating from the Philadelphia College of Pharmacy in 1907, Lilly joined the family pharmaceutical business. He was president of the company from 1932 to 1947. Following that he was chairman of the board. He showed great management skill and concern for the welfare of his employees.

Lilly was also known for his philanthropic activities and as founder of the Indianapolis-based Lilly Endowment Inc. along with his father J.K. Lilly Sr. and his brother J.K. Lilly Jr., which has become one of the largest private foundations in the United States.

Interests

Lilly was interested in history and archaeology and founded the Historic Landmarks Foundation of Indiana (now Indiana Landmarks) to aid in the preservation of structures significant to the historical and cultural development of Indiana. Lilly and his family established the Lilly Endowment in 1937. He was on the board of trustees of the Indiana Historical Society, served as its president and later created a substantial endowment, making the IHS one of the wealthiest organizations of its kind in the United States. His gift in 1964 of the William Conner home in Hamilton County, Indiana to Earlham College was the genesis of the Conner Prairie living history museum. Lilly was known for his deep affection for his home state.

Lilly owned three side-by-side large residences on Lake Wawasee just north of Our Lady Of The Lake Seminary. He also assisted with the founding of the Wawassee Yacht Club.

Sources

References

  1. ^ James A Madison, Eli Lilly: A Life, 1885-1977, chapter 9
Preceded by
Josiah K. Lilly Sr.
President of the Eli Lilly and Company
1932-1948
Succeeded by
Josiah K. Lilly Jr.