Founded in 1925, The Children's Museum of Indianapolis is a nonprofit committed to creating family learning experiences that transform the lives of children and families. It is also committed to serving Indianapolis’ communities, demonstrated by the resources and time it invests in its surrounding neighborhoods. For example, in 2001, it created a Neighborhood Improvement Fund, which includes a $2 million revolving loan fund to support collaborative neighborhood projects. In 2004, it catalyzed an on-going housing rehabilitation and new construction project focused in its bordering neighborhoods, which has, to date, resulted in the rehabilitation and construction of 40 homes, demolition of 50 vacant properties, and repair assistance for 100 houses. It also played a lead role in managing the redevelopment of an abandoned hospital near its campus, which resulted in a new affordable housing complex with 50 units.