Overview
What is Indiana University Foundation?
The Indiana University Foundation (IUF) is a nonprofit organization based in Bloomington, Indiana. Its primary mission is to generate private philanthropic support for Indiana University, allowing students to access scholarships, fellowships, and financial aid. In FY2022, over 14,000 scholarships were funded by private gifts, providing opportunities for undergraduate and graduate students. With record enrollment numbers, these scholarships are vital for ensuring access to education while managing tuition costs and debt. IUF incentivizes giving through matching funds for donations of $50,000 or more, focusing on endowed scholarships and fellowships. Development officers from Indiana University and IUF engage with potential donors to discuss the financial needs of students. IUF aims to maximize private philanthropic support for Indiana University by building strong relationships and providing advancement services for the university's camps and units.
Official website here: www.iufoundation.iu.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
The Indiana University Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. With a score of 96%, the organization demonstrates a strong commitment to transparency and fiscal responsibility, which is essential for donor trust and engagement.
Strengths of the foundation include a fully independent board, with 98% of its members independent, and a substantial independent board size of 52 members. The organization also exhibits strong financial oversight, as evidenced by perfect scores in areas such as audit and oversight committee functions, material diversion of assets, and comprehensive financial policies. Additionally, a significant program expense ratio of 84.84% highlights its focus on mission-driven activities.
While the data showcases the foundation's strengths in governance and financial health, specific limitations or challenges faced by the organization are not noted. However, the overall high ratings reflect a well-managed nonprofit that prioritizes accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana University Foundation legitimate?
Indiana University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana University Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,608,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,672,011
For more financial information, click here
Official website here: www.iufoundation.iu.edu
What is the mission statement of Indiana University Foundation?
The Indiana University Foundation (IUF) works to enhance Indiana University's fundraising capabilities by building strong relationships with key supporters and offering advancement services. Its mission is to optimize private philanthropic investments for the university. IUF plays a crucial role in providing substantial financial aid to undergraduate and graduate students. In the previous fiscal year, over $59 million in scholarships, fellowships, and awards were granted to students, funded through private donations. The foundation prioritizes scholarship support, helping students access educational opportunities and manage tuition costs. IUF offers matching funds for donors contributing $50,000 or more to endowed scholarships and fellowships, incentivizing such philanthropic giving. Development officers at Indiana University and IUF engage with prospects to discuss the financial requirements of students.
Official website here: www.iufoundation.iu.edu
Who is the CEO of Indiana University Foundation?
J Thomas Forbes is the President And Ceo of Indiana University Foundation. The CEO's salary of Indiana University Foundation is $353,167 and their total compensation is $353,167.
Official website here: www.iufoundation.iu.edu
What is the revenue of Indiana University Foundation?
Indiana University Foundation's revenue in 2022 was $496,884,303.
Official website here: www.iufoundation.iu.edu
Who are the executives of Indiana University Foundation and what are their salaries?
The average compensation at Indiana University Foundation during 2022 was $58,378. There are 296 employees and 1700 volunteers at Indiana University Foundation.
Here are 72 key members and their salaries (Indiana University Foundation's CEO's salary is $353,167 and their total compensation is $353,167):
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- Compensation: $516,774
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- Other: $64,350
Official website here: www.iufoundation.iu.edu
Where can I find the form 990 for Indiana University Foundation?
Indiana University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iufoundation.iu.edu
Learn more at the official website: www.iufoundation.iu.edu
Mission Statement of Indiana University Foundation
The Indiana University Foundation (IUF) is a pioneering organization dedicated to amplifying private donations for the betterment of Indiana University. By cultivating long-lasting relationships with influential figures and offering expert advancement services, IUF facilitates the fundraising efforts of the university's various camps and units.
At the heart of IUF's mission lies its commitment to bolstering student scholarships and financial aid at Indiana University. In the academic year 2021-2022, more than $59 million in scholarships, fellowships, and awards were granted to undergraduate and postgraduate students from private donations. These resources enabled students to access a wide range of educational opportunities, thrive in their college experiences, and manage their tuition costs and debt loads effectively. IUF prioritizes and stimulates philanthropic contributions to student scholarships by offering matching funds for donor gifts worth $50,000 or more. Development officers from Indiana University and IUF engage potential donors in conversations about the financial needs and merits of student scholarships.
With record enrollment numbers at the university, the importance of private donations in supporting Indiana University students cannot be overstated. IUF's relentless dedication to this cause ensures that deserving students are not left behind and can fully capitalize on their educational prospects.
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Impact
October, 2024
The Indiana University Foundation plays a crucial role in enhancing educational opportunities for students by maximizing private philanthropic support for Indiana University. In recent years, over $59 million in scholarships, fellowships, and awards have been provided to undergraduate and graduate students, helping to alleviate the financial burdens associated with higher education. This support is vital, especially as the university experiences record enrollment numbers.
In the fiscal year 2022 alone, nearly 14,000 scholarships were funded through private donations, ensuring that students across all programs and units can access the education they desire. The Foundation places a strong emphasis on incentivizing philanthropic contributions to scholarships, offering matching funds for significant donor gifts to encourage the establishment of endowed scholarships and fellowships.
Through strategic engagement with donors and a focus on understanding student financial needs, the Indiana University Foundation fosters lasting relationships with key stakeholders, ultimately driving the advancement of the university's mission. Its efforts not only support current students in their educational journeys but also contribute to a sustainable future for Indiana University by developing a strong culture of giving.
This information is meant to be a general summary of Indiana University Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $242,675,258
- Program Service Revenue: $46,078,128
- Gross Receipts: $1,630,826,458
Assets and Liabilities:
- Total Assets: $4,146,756,017
- Total Liabilities: $754,284,023
- Net Assets: $3,392,471,994
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fees
Revenue
$26,763,699
Real Estate
Revenue
$6,790,762
Development SV Support
Revenue
$4,415,555
Events and Conferences
Revenue
$300,185
Organization Details
Founding Year
1936
Phone
(812) 855-8311Principal Officer
J Thomas Forbes
Main Address
PO Box 500, Bloomington, IN, 47402
Website
www.iufoundation.iu.eduNTEE Category
Code: B110 - Education
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