IU Contributions Reach New Heights


Indiana University is reporting a record year for research and philanthropic giving. In Fiscal 2018, IU received a total of $951.4 million in private donations and external research awards. During a Board of Trustees meeting Friday in Evansville, officials also said the university is within less than $500 million of its $3 billion "For All: The Indiana University Bicentennial Campaign" goal. IU Foundation Chief Executive Officer Dan Smith tells Inside INdiana Business a 20 percent increase in giving from private individuals and institutions was "beyond our expectations" and marked a fifth consecutive year-over-year rise.

In recent years during the fundraising campaign, Smith added, donations alone have averaged more than $400 million per year, well above the average in the preceding years. "(The) question that we receive a lot from trustees and others is 'can you sustain this,'" he said. "Above all, I think that the university right now -- that our alumni -- really believe in what we're doing. There's a lot of commitment to a lot of our programs right now. So, when you add all of that up and kind of put it into the mix, what you end up finding is that we do, I think, have a sustainable, high level of performance, somewhere in that $400 (million) to $500 million range every year." The bicentennial fundraising campaign is due to be complete in June 2020.

IU says the more than $604 million it received from external funding sources for research and other activities is the highest total of its kind for any university in the state. "These remarkable figures once again underscore the fact that Indiana University truly is the state's research powerhouse," said President Michael McRobbie. "They are testament to the quality of the outstanding research being conducted by our faculty, staff and students -- research that expands knowledge, drives innovation, creates new industries and jobs, spurs economic growth and supports a high standard of living."

The "For All" campaign involves all IU-administered campus and medical education center statewide.

IU Foundation Chief Executive Officer Dan Smith told Inside INdiana Business a 20 percent increase in giving from private individuals and institutions was "beyond our expectations" and marked a fifth consecutive year-over-year rise.
  • Perspectives

    • How Managers Can Keep Millennials Happy

      There are more than 56 million Millennials either actively participating in the workforce, or searching for a job. With a number like this, it’s no surprise that Millennials have taken the workplace by storm. But what is surprising is how different this generation is from their predecessors. They rely heavily on technology and prefer to communicate via text or email rather than a traditional phone call. Managing millennial employees can be a challenge — how can executives...



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • $25M Behavioral Hospital Coming to Central Indiana

      Danville-based Hendricks Regional Health is partnering with US HealthVest to develop a stand-alone behavioral center on the Hendricks campus in Plainfield. Known as the Indianapolis Behavioral Hospital, the facility will provide specialized inpatient and outpatient mental health care to patients of all ages.

    • 'Heartbreaking' End For Nashville House

      The 91-year-old Nashville House restaurant is closing. The Brown County family dining staple will serve its last meal at the end of the month. In a post on Facebook, Gina Sarah Rogers, daughter of late-owners Andy and Fran Rogers, said it is "the end of an era and very heartbreaking." The restaurant is known for its country-style fried chicken and ham meals. Business on the property dates back to the late-1860s when an inn opened. It was acquired in...

    • High Alpha Spawns Tenth Tech Startup

      The first company has launched from Indianapolis-based High Alpha since the venture studio received a $100 million infusion in July, and the tenth overall. Anvl develops software designed to reduce and prevent maintenance service industry injuries. The company is led by Hoosier tech scene veteran Robin Fleming, who previously served as vice president of technology for Angie's List before its acquisition by New York-based IAC (Nasdaq: IAC). Anvl was born out of a first-of-its-kind...

    • (Image courtesy of Endocyte)

      $2.1B Endocyte Deal a Record-Breaker

      A veteran of Indiana's life sciences industry says the proposed blockbuster sale of West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) is good for the ecosystem in the state. Switzerland-based Novartis AG has signed an agreement to acquire Endocyte for $2.1 billion, which BioCrossroads Project Director Brian Stemme says is "by far" the largest-ever acquisition of an Indiana life sciences company. The deal still faces regulatory and shareholder hurdles.

    • The MedTech Park would include a medical office building to house Central Indiana Orthopedics' Fishers operations.

      Construction on MedTech Park to Begin

      Officials in Fishers will Friday break ground on the first portion of the $13 million MedTech Park project. Muncie-based Central Indiana Orthopedics, which first proposed the development more than two years ago, says construction will begin on a 50,000-square-foot medical office building.