Indiana University Foundation

Organization Overview

Indiana University Foundation is located in Bloomington, IN. The organization was established in 1938. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Indiana University Foundation employed 342 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Foundation 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 06/2020, Indiana University Foundation generated $228.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $238.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Indiana University Foundation has awarded 34 individual grants totaling $1,334,529,097. 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO MAXIMIZE PRIVATE PHILANTHROPIC SUPPORT FOR INDIANA UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

STUDENT SCHOLARSHIP AND FINANCIAL AID SUPPORT - INDIANA UNIVERSITY UNDERGRADUATE AND GRADUATE STUDENTS RECEIVED OVER $60 MILLION IN SCHOLARSHIPS, FELLOWSHIPS, LOANS AND AWARDS FROM PRIVATE GIFT SUPPORT. STUDENTS RECEIVED SCHOLARSHIP SUPPORT ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. WITH THE UNIVERSITY SEEING RECORD ENROLLMENT NUMBERS, PRIVATE GIFT SUPPORT IS CRITICAL TO ENSURING THAT ALL WILLING STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATIONAL OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS. IN 2021, APPROXIMATELY 14,000 SCHOLARSHIPS SUPPORTING UNIVERSITY STUDENTS WERE FUNDED BY PRIVATE GIFT SUPPORT. (SEE SCHEDULE O; PAGE 56 FOR ADDITIONAL DISCUSSION)IUF EMPHASIZES AND INCENTIVIZES PHILANTHROPIC SUPPORT OF SCHOLARSHIPS. MATCHING FUNDS PROVIDED FOR DONOR GIFTS OF $50,000 OR MORE, INCENTIVIZE GIVING TO ENDOWED SCHOLARSHIPS AND FELLOWSHIPS. IU AND IUF DEVELOPMENT OFFICERS ENGAGE PROSPECTS WITH REGARD TO THE FINANCIAL NEEDS OF STUDENTS AND ARE EDUCATED ABOUT STUDENT FINANCIAL NEEDS.


FACULTY SUPPORT AND RESEARCH - WITH NEARLY $46.4 MILLION FROM IUF, UNIVERSITY FACULTY AND STAFF RECEIVED ADDITIONAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR ALL STUDENTS. PRIVATE GIFT SUPPORT HELPS MEET THE UNIVERSITY'S GOAL TO ATTRACT AND RETAIN WORLD-CLASS FACULTY, WHICH ULTIMATELY ATTRACTS THE BEST AND BRIGHTEST STUDENTS. DURING 2021, THE NUMBER OF ENDOWED FACULTY POSITIONS (CHAIRS, PROFESSORSHIPS AND FELLOWSHIPS)TOTALED OVER 540.


ACADEMIC & STUDENT PROGRAM SUPPORT - THE IUF PROVIDED OVER $35.2 MILLION TO THE UNIVERSITY TO SUPPORT ACADEMIC & STUDENT PROGRAMS. THESE FUNDS ENABLE DEDICATED STUDENTS TO DEVELOP SKILLS AND KNOWLEDGE FOR GROWTH AND SUCCESS BY OFFERING HIGH-QUALITY, RESPONSIVE ACADEMIC AND STUDENT PROGRAMS BY EMPLOYING BEST PRACTICES IN TEACHING AND LEARNING; ADDING TO THE ACCUMULATED BODY OF KNOWLEDGE AND CREATIVE WORK; ENRICHING THE COMMUNITY THROUGH CULTURAL LEADERSHIP AND PROVIDING RESOURCES FOR PROBLEM SOLVING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cramer Rosenthal Mcglynn Llc
Investment Manager
$638,740
Hylant Group
Insurance Services
$707,744
Cambridge Associates Llc
Consulting
$1,462,500
Crosstown Redevelopment
Building Contractor
$645,317
Champlain Investment Partners
Investment Manager
$674,869
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$211,341,140
Investment income $10,338,698
Tax Exempt Bond Proceeds $0
Royalties $34,048
Net Rental Income $0
Net Gain/Loss on Asset Sales -$13,194,899
Net Income from Fundraising Events -$94,377
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $228,544,851

Grants Awarded

Over the last fiscal year, Indiana University Foundation has awarded $161,642,597 in support to 4 organizations.

Grant RecipientAmount

INDIANA UNIVERSITY

PURPOSE: Student Scholarship and Financial Aid

$59,991,059

INDIANA UNIVERSITY

PURPOSE: Faculty Support & Research

$46,354,800

INDIANA UNIVERSITY

PURPOSE: Academic and Student Program Support

$34,996,978

INDIANA UNIVERSITY

PURPOSE: Endowment and Capital Additions

$20,299,760
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Indiana University Foundation has recieved totaling $16,750.

Awarding OrganizationAmount
Annexstad Family Foundation

Mound, MN

PURPOSE: SCHOLARSHIP

$15,000
Federated Foundations Inc

New York, NY

PURPOSE: GENERAL

$500
Federated Foundations Inc

New York, NY

PURPOSE: GENERAL

$500
Koch Foundation Inc

Evansville, IN

PURPOSE: CHARITABLE OPERATIONS

$500
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,185,288,413
Earnings$771,579,534
Net Contributions$142,524,070
Other Expense-$98,191,215
Ending Balance$3,001,200,803

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