The chief executive officer of the ISU Foundation has announced plans to step down at the end of the year. Ron Carpenter, who also serves as vice president of Indiana State University’s Division of Development, says he is leaving to take the next step in his career closer to his home near Indianapolis.
Carpenter joined the ISU Foundation in 2012 after leading the Indianapolis-based Children’s Bureau for 25 years. The university says, during his tenure with the foundation, the university’s endowment increased from $42.5 million in 2012 to $62.3 million. He also oversaw the dedication of the Larry Bird statue and scholarship campaign, which ISU says was the largest single-event fundraiser in university history.
A graduate of Indiana State, he has also served as chair of the ISU Board of Trustees and led the search that hired President Dan Bradley.
"It’s been a joy to have been involved with Indiana State in basically every area – as a student, a football player, head of the alumni association, head of the foundation, head of the board of trustees," said Carpenter. "We’ve had some ups and downs, but I feel like I’m going out on a high note and leaving everything right for the staff and university."
The university will hold a farewell reception on November 30 for Carpenter. No details on a search for his successor were released.