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IU Foundation reports donations down from 2012

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The Indiana University Foundation says it took in about $42 million less in the past year but that still marked its fourth-best year in fundraising.

The foundation said it received nearly $306 million for the 2013 fiscal year, including about $153 million from donors and $134 million from non-governmental grants.

The foundation saw its second-best year in the 2012 fiscal year by collecting nearly $348 million. The IU foundation's top fundraising year came in 2008 when it was boosted by large donations from an estate and the Lilly Endowment, the Herald-Times reported.

About two-thirds of the foundation's funds are being spent on scholarships and financial aid, faculty support or academic programs.

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  • IU Donations Down
    This is not surprising at all given the fact that IU has spent so much effort recruiting out of state students who pay out of state tuition. An inside source tells me that out of state students do not contribute at the same level as instate students do. (Perhaps IBJ should follow-up on this.)

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