Ace Yakey

Board of Visitors

Board of Visitors
Ace Yakey, Board of Visitors


  • Master of Social Work, 1980, Indiana University
  • Bachelor of Arts in Sociology, 1975, Hanover College


Ace Yakey began his career at Lilly Endowment as program director in the community development division on Nov. 1, 1997. In late 2012, he was elected vice president for community development. The community development division grantmaking focuses primarily on the quality of life in Indianapolis and Indiana, and it grants funds for human/social needs, central-city and neighborhood revitalization, low-income housing, and arts and culture in Indianapolis. It also supports amateur athletics and fitness organizations, facilities and programs that help advance the city’s economic revitalization, and community recreational opportunities. On a statewide level, it provides major support for the growth and development of community foundations and the advancement of United Ways.

Before joining the Endowment, Yakey was president of the Indianapolis Economic Development Corporation, a not-for-profit corporation responsible for the retention/expansion of existing businesses and the attraction of new businesses to the Indianapolis area. He spent 13 years in commercial real estate and development, and prior to that he was the assistant campaign director of the United Way of Central Indiana.

Yakey serves as a trustee of St. Paul’s Episcopal Church in Indianapolis and is currently serving his third term on the church’s vestry. He also serves on the board of the Indy Chamber and the Indiana University Lilly Family School of Philanthropy Board of Visitors, is a member of the Penrod Society, and is a graduate of the Stanley K. Lacy Executive Leadership Series. He has served as a board member on numerous community and civic organizations, including Dance Kaleidoscope, Jordan YMCA, Community Hospital Foundation, National Art Museum of Sport, Washington Township Parent Council, Greater Indianapolis Foreign Trade Zone and Mid-City Pioneer Corp. He also is a past president of the Hanover College Alumni Association.

Yakey graduated from Hanover College in 1975 with a bachelor of arts degree in sociology and received the Hanover College Alumni Association’s Outstanding Senior Award. Recently he was awarded the Alumni Achievement Award. Yakey earned his master of social work degree from Indiana University in 1980.

An Indianapolis native, Yakey was born May 20, 1953, and graduated from Lawrence Central High School. He and his wife, Beth, are the parents of two daughters and two grandchildren.

Honors & Awards

  • Hanover College Alumni Achievement Award, 2011

Other Activities

  • Indy Chamber – Board of Directors
  • St. Paul’s Episcopal Church - Trustee