Indiana University Foundation
- Assets
- $4.0b
- Revenue
- $362.9m
- Investments
- $1.8b
- Employees
- 296
- Location
- Bloomington, IN
- Founding
- 03/1938
- Data as of
- 06/2021
- EIN
- 35-6018940
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 06/2022, Indiana University Foundation employed 296 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 06/2021, Indiana University Foundation generated $362.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $231.2m during the year ending 06/2021. While expenses have increased by 1.5% 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, Indiana University Foundation has awarded 34 individual grants totaling $1,480,858,821. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAXIMIZE PRIVATE PHILANTHROPIC SUPPORT FOR INDIANA UNIVERSITY
Describe the Organization's Program Activity:
STUDENT SCHOLARSHIP AND FINANCIAL AID SUPPORT - INDIANA UNIVERSITY UNDERGRADUATE AND GRADUATE STUDENTS RECEIVED MORE THAN $59 MILLION IN SCHOLARSHIPS, FELLOWSHIPS, 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 ENSURE THAT ALL WILLING STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATIONAL OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS. IN FY2022, NEARLY 14,000 SCHOLARSHIPS SUPPORTING UNIVERSITY STUDENTS WERE FUNDED BY PRIVATE GIFT SUPPORT. SEE SCHEDULE O FOR PART III, LINE 4A CONTINUED. 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 APPROXIMATELY $49.6 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 2022, THE NUMBER OF ENDOWED FACULTY POSITIONS (CHAIRS, PROFESSORSHIPS, AND FELLOWSHIPS) TOTALED OVER 560.
ACADEMIC & STUDENT PROGRAM SUPPORT - THE IUF PROVIDED OVER $195.5 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Thomas Forbes President And CEO | OfficerTrustee | 40 | $353,167 |
Pamela S Whitten Chairman Of The Board | OfficerTrustee | 0 | $0 |
Kathryn R Booth Vice Chairman | OfficerTrustee | 0 | $0 |
Gregg T Summerville Treasurer | OfficerTrustee | 0 | $0 |
Aasif M Bade Iuf Board Director | Trustee | 0 | $0 |
Alan B Graf Iuf Board Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cloud For Good Llc Technology Services | 6/29/22 | $955,914 |
Champlain Investment Partners Llc Investment Management | 6/29/22 | $855,086 |
Snyder Capital Management Lp Investment Management | 6/29/22 | $794,432 |
Hylant Group Insurance Services | 6/29/22 | $739,099 |
Cramer Rosenthal Mcglynn Llc Investment Management | 6/29/22 | $712,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,613,027 |
| Investment income | $30,051,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $50,658 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $120,796,423 |
| Net Income from Fundraising Events | -$168,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,892,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,328,761 |
| Compensation to disqualified persons | $295,749 |
| Other salaries and wages | $13,081,724 |
| Pension plan accruals and contributions | $2,124,347 |
| Other employee benefits | $3,702,434 |
| Payroll taxes | $1,375,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,101 |
| Fees for services: Accounting | $1,413,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,495,428 |
| Fees for services: Other | $54,869 |
| Advertising and promotion | $0 |
| Office expenses | $1,183,404 |
| Information technology | $2,080,118 |
| Royalties | $0 |
| Occupancy | $2,362,696 |
| Travel | $497,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $252,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $411,708 |
| Insurance | $789,964 |
| All other expenses | $0 |
| Total functional expenses | $231,169,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $196,350,560 |
| Pledges and grants receivable | $260,337,699 |
| Accounts receivable, net | $47,353,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,642,354,848 |
| Investments—other securities | $1,810,409,466 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,047,053,926 |
| Accounts payable and accrued expenses | $6,913,664 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $350,149,375 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $277,857 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,434,390 |
| Total liabilities | $508,775,286 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,538,278,640 |
Grants Awarded
Over the last fiscal year, Indiana University Foundation has awarded $316,563,449 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA UNIVERSITY PURPOSE: Academic and Student Program Support | $195,508,404 |
INDIANA UNIVERSITY PURPOSE: Student Scholarship and Financial Aid | $59,610,765 |
INDIANA UNIVERSITY PURPOSE: Faculty Support & Research | $49,649,415 |
INDIANA UNIVERSITY PURPOSE: Endowment and Capital Additions | $11,794,865 |