Iu Medical Group Foundation Inc

Organization Overview

Iu Medical Group Foundation Inc is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iu Medical Group Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Iu Medical Group Foundation Inc generated $45.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $38.1m during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Iu Medical Group Foundation Inc has awarded 31 individual grants totaling $182,120,152. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ACQUIRE, MANAGE AND DISTRIBUTE FUNDS FOR THE BENEFIT OF THE INDIANA UNIVERSITY SCHOOL OF MEDICINE AND INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ACQUIRE, MANAGE AND DISTRIBUTE FUNDS FOR THE BENEFIT OF THE INDIANA UNIVERSITY SCHOOL OF MEDICINE AND INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Jay Hess
Board Chairman
$0
Michael O Koch
Treasurer
$0
Kevin B Gebke
Secretary
$0
Flora Hammond
Director
$0
Peter Pang
Director
$0
Himanshu Shah
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$25,123,452
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$25,123,452
Total Program Service Revenue$10,191,299
Investment income $9,121,022
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $944,763
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,380,536

Grants Awarded

Over the last fiscal year, Iu Medical Group Foundation Inc has awarded $37,616,486 in support to 4 organizations.

Grant RecipientAmount

STATE OF INDIANA

PURPOSE: TO FURTHER ENHANCE THE EDUCATIONAL MISSION FOR THE CITIZENS OF THE STATE

$24,502,146

INDIANA UNIVERSITY FOUNDATION

Org PageRecipient Profile

Bloomington, IN

PURPOSE: TO PROVIDE INDIANA UNIVERSITY WITH THE FINANCIAL SUPPORT IT NEEDS TO SUCCEED

$7,525,000

TRUSTEES OF INDIANA UNIVERSITY

PURPOSE: TO SUPPORT THE STRATEGIC RESEARCH INITIATIVE

$5,089,340

REGENSTRIEF INSTITUTE

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: TO CONNECT AND INNOVATE FOR BETTER HEALTH

$500,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Iu Medical Group Foundation Inc has recieved totaling $15,366.

Awarding OrganizationAmount
Jewish Federation Of Greater Indianapolis Inc

Indianapolis, IN

PURPOSE: LOCAL COMMUNITY

$9,600
American Endowment Foundation

Hudson, OH

PURPOSE: PROGRAMS

$5,766
View Grant Recipient Profile

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