IU Contributions Reach New Heights

Updated:
BLOOMINGTON -

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

    • Young Adults—On the Road to Financial Success or Disillusionment?

      A recent financial literacy survey conducted by Charles Schwab discovered some interesting findings about how young adults (ages 16 to 25) view their current and future financial well-being. Overall, they’re optimistic. But should they be? Inheritance Coming? Don’t Count on It! You may have heard there’ll be a major shift in wealth to the millennial generation as more baby boomers approach retirement. But if you’re a young adult, don’t celebrate...

    More

Subscribe

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

Events



  • Most Popular Stories

    • McCorkle: 'Eyes Are on Indy'

      The chief executive officer of Indiana’s newest software company believes momentum in the state’s technology sector is attracting added interest---and capital---to the state. Former Salesforce Marketing Cloud CEO Scott McCorkle last week announced that MetaCX, a Software-as-a-Service platform that helps clients and businesses organize and manage their SaaS providers, had raised $14 million, the bulk of it from Los Angeles-based early-stage venture capital firm...

    • Young Adults—On the Road to Financial Success or Disillusionment?

      A recent financial literacy survey conducted by Charles Schwab discovered some interesting findings about how young adults (ages 16 to 25) view their current and future financial well-being. Overall, they’re optimistic. But should they be? Inheritance Coming? Don’t Count on It! You may have heard there’ll be a major shift in wealth to the millennial generation as more baby boomers approach retirement. But if you’re a young adult, don’t celebrate...

    • Purdue Board Makes Several Approvals

      The Purdue University Board of Trustees has made key approvals for several efforts throughout its statewide network. The board voted to keep room and board rates flat for its three physical campuses and also to accept a $30 million gift to fund the renovation of the Union Club Hotel.

    • Mascot Hall of Fame Hires Executive Director

      As finishing touches are underway on the Mascot Hall of Fame an executive director and full-time staff have been hired. Orestes Hernandez will serve as executive director of the Whiting-based museum. Hernandez formerly was vice president of business development at the Coral Gables Museum near Miami. He also worked over 15 years with the Miami Marlins and the PGA Tour.  

    • St. Vincent Names Manas Regional President

      Julie Manas has been selected to serve as regional president of the St. Vincent North Region, which includes St. Vincent Anderson, Carmel, Fishers, Kokomo, Mercy, Randolph and Williamsport hospitals. She has more than 30 years of healthcare experience and most recently comes from Hospital Sisters Health System, Western Wisconsin Division, where she held the role of president and chief executive officer.