IU donations down from last year, but still strong
IU donations down from last year, but still strong
By Jon Blau
Total dollars to the Indiana University Foundation are down from 2012 to 2013, but the recently completed fiscal year 2013 still shows the fourth-highest amount of voluntary funds given to IU in its history.
The IU Foundation took in $305.9 million in voluntary support in 2013, including $153.5 million from donors and $133.9 million in nongovernmental grants. Last fiscal year, IU received $347.9 million in total voluntary support, which ranked it 14th among colleges and universities in the nation, fourth among public universities and first in the Big Ten, according to the Chronicle for Higher Education.
Of this year’s haul, 23 percent of funds were applied to student scholarships and financial aid, while 22 percent went to faculty support and another 20 percent went to academic operations. The rest was split between faculty and program research, facilities, activities and events.
IU’s record year for voluntary support was 2008, when the foundation received $408.6 million, including $77 million from the estate of the late Jesse and Beulah Cox and $69 million from the Lilly Endowment.
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Top four years for fundraising at Indiana University:
1. 2008 — $408,620,810
2. 2012 — $347,927,411
3. 2010 — $342,818,089
4. 2013 — $305,885,016
Editor's note: This story from The Bloomington Herald-Times is being published here as a courtesy for readers of IU in the News.