Ivy Tech Foundation Inc

Organization Overview

Ivy Tech Foundation Inc is located in Indianapolis, IN. The organization was established in 1970. 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. Ivy Tech 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 06/2021, Ivy Tech Foundation Inc generated $30.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $19.2m during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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 2016, Ivy Tech Foundation Inc has awarded 25 individual grants totaling $20,440,692. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY; AND TO SOLICIT AND RECEIVE CONTRIBUTIONS; AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOLICITING, RECEIVING, ADMINISTERING AND DISTRIBUTING DONATIONS FOR FINANCIAL AID FOR STUDENTS ATTENDING IVY TECH COMMUNITY COLLEGE


HELPING IVY TECH COMMUNITY COLLEGE WITH ITS NEEDS FOR LAND, FACILITIES, AND EQUIPMENT.


PROVIDING SUPPORT FOR SPECIAL, INNOVATIVE PROGRAMS OF IVY TECH COMMUNITY COLLEGE.


HELPING FUND OTHER PROGRAM EXPENDITURES FOR IVY TECH COMMUNITY COLLEGE OF INDIANA, INCLUDING FACULTY AND STAFF DEVELOPMENT, EMPLOYEE RECOGNITION, AND COMMUNITY OUTREACH EXPENDITURES.


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Board, Officers & Key Employees

Name (title)Compensation
John Murphy Thru 721
President, Foundation
$0
Michael M Harmless
Chairperson
$0
Maria Quintana
Vice Chair
$0
Patrick R Ralston
Treasurer
$0
Terry L Bowen
Secretary
$0
Kevin Honigford Thru 421
Assistant Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$137,822
Related organizations$6,854,719
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$19,746,462
Noncash contributions included in lines 1a–1f $1,635,126
Total Revenue from Contributions, Gifts, Grants & Similar$26,739,003
Total Program Service Revenue$0
Investment income $1,477,921
Tax Exempt Bond Proceeds $0
Royalties $21,321
Net Rental Income -$1,958,818
Net Gain/Loss on Asset Sales $3,399,982
Net Income from Fundraising Events -$53,209
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,082,278

Grants Awarded

Over the last fiscal year, Ivy Tech Foundation Inc has awarded $7,474,474 in support to 12 organizations.

Grant RecipientAmount

IVY TECH COMMUNITY COLLEGE OF INDIANA

PURPOSE: TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA.

$3,712,237

IVY TECH COMMUNITY COLLEGE OF INDIANA

PURPOSE: TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA.

$3,712,237

INTERNATIONAL MARKETPLACE COALITION

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA.

$5,000

BLOOMINGTON ECONOMIC DEVELOPMENT CORP

PURPOSE: TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA.

$5,000

YMCA OF GREATER INDIANAPOLIS

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA.

$5,000

Indianapolis, IN

PURPOSE: TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA.

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Ivy Tech Foundation Inc has recieved totaling $87,131.

Awarding OrganizationAmount
Indy Women In Tech

Indianapolis, IN

PURPOSE: GENERAL ASSISTANCE

$35,000
Cecil A And Mabel Lene Hamman Foundation Inc

Evansville, IN

PURPOSE: CAPITAL CAMPAIGN

$25,000
Crown Point Community Foundation Inc

Crown Point, IN

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$11,131
Bussing-Koch Foundation Inc

Evansville, IN

PURPOSE: CAPITAL CAMPAIGN

$10,000
Magee-Oconnor Foundation Inc

Fort Wayne, IN

PURPOSE: CHARITABLE

$5,000
Thomas A & Sharon K Ruder Foundation Inc

Evansville, IN

PURPOSE: EDUCATION

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$39,584,332
Earnings$8,052,118
Net Contributions$938,304
Grants$2,131,072
Ending Balance$46,443,682

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