Indiana University Foundation
- Assets
- $3.1b
- Revenue
- $228.5m
- Investments
- $1.4b
- Employees
- 342
- Location
- Bloomington, IN
- Founding
- 03/1938
- Data as of
- 06/2020
- 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 06/2021, 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.
Form
990
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel C Smith President & CEO | Officer | 40 | $793,473 |
Gary Stratten Exec. VP Investments & Cio | Officer | 40 | $516,594 |
Richard Dupree Executive VP For Development | Officer | 40 | $480,245 |
D Abe Weldy Co- Chief Investment Officer | Officer | 40 | $305,835 |
James Bergstrom Co- Chief Investment Officer | Officer | 40 | $300,981 |
Jeffrey D Stumpf Exec VP For Finance & Operations | Officer | 40 | $299,998 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc Consulting | 6/29/21 | $1,462,500 |
Champlain Investment Partners Investment Manager | 6/29/21 | $674,869 |
Crosstown Redevelopment Building Contractor | 6/29/21 | $645,317 |
Cramer Rosenthal Mcglynn Llc Investment Manager | 6/29/21 | $638,740 |
Hylant Group Insurance Services | 6/29/21 | $707,744 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $56,683 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,799,482 |
| Compensation to disqualified persons | $292,621 |
| Other salaries and wages | $14,902,631 |
| Pension plan accruals and contributions | $2,251,087 |
| Other employee benefits | $3,178,933 |
| Payroll taxes | $1,394,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200,205 |
| Fees for services: Accounting | $1,880,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,536,133 |
| Fees for services: Other | $100,570 |
| Advertising and promotion | $0 |
| Office expenses | $1,043,667 |
| Information technology | $1,760,256 |
| Royalties | $0 |
| Occupancy | $1,313,366 |
| Travel | $1,570,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $626,975 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $680,136 |
| Insurance | $513,406 |
| All other expenses | $0 |
| Total functional expenses | $238,335,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,090,085 |
| Pledges and grants receivable | $284,726,734 |
| Accounts receivable, net | $73,297,893 |
| 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 | $1,170,605,743 |
| Investments—other securities | $1,395,258,650 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,105,176,215 |
| Accounts payable and accrued expenses | $5,869,110 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $258,641,047 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $327,618 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147,234,916 |
| Total liabilities | $412,072,691 |
| 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 | $2,693,103,524 |
Grants Awarded
Over the last fiscal year, Indiana University Foundation has awarded $161,642,597 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Indiana University Foundation has recieved totaling $16,750.
| Awarding Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Medical Services Foundation Inc Lexington, KY | $270,966,937 | $425,440,367 |
University Of Wisconsin Foundation Madison, WI | $5,692,461,410 | $739,045,115 |
University Of Kentucky Research Foundation Lexington, KY | $188,775,172 | $369,852,057 |
University Of Illinois Foundation Urbana, IL | $2,568,738,108 | $352,648,216 |
Indiana University Foundation Bloomington, IN | $3,105,176,215 | $228,544,851 |
Purdue Research Foundation West Lafayette, IN | $3,096,906,780 | $183,185,294 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |