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
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.
Here 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 1,700 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):
- Gary Stratten (Former Exec Vp Investments & Cio)
- James Bergstrom (Co-Cio)
- D Abe Weldy (Co-Cio)
- Joyce Q Rogers (Evp For Development)
- Jeffrey D Stumpf (Evp For Finance & Operations)
- J Thomas Forbes (President And Ceo) [Trustee/Director]
- Dorothy Metaj (Vp Development, Indianapolis)
- Paula Jenkins (Vp Development, Bloomington)
- Scott Ryan (Director Of Investments)
- Mary Bonk (Vp, Adv Proj Mgt, Support & Tech Serv)
- Sarah Beggs (Chief Of Staff & Sr Vp, Strat Initiatives)
- Anne Wymore (Vp, Marketing & Annual Giving (Until 02/22))
- Jeffrey Lindauer (Avp Development)
- Stacy Knapper (General Counsel (Until 07/21))
- Phillippa Guthrie (Gen Counsel & Corp Board Secretary)
- Pamela S Whitten (Chairman Of The Board) [Trustee/Director]
- Kathryn R Booth (Vice Chairman) [Trustee/Director]
- Gregg T Summerville (Treasurer) [Trustee/Director]
- Aasif M Bade (Iuf Board Director)
- Alan B Graf (Iuf Board Director)
- Alisa L Hendrix (Iuf Board Director)
- Ann S Harrison (Iuf Board Director (Until 6/1/22))
- Curtis A Ferguson (Iuf Board Director)
- Cynthia S Skjodt (Iuf Board Director)
- Dale Ellen Leff (Iuf Board Director)
- David C Evans (Iuf Board Director)
- David G Elmore (Iuf Board Director (Until 9/1/21))
- David H Jacobs Jr (Iuf Board Director)
- Dena Rae Hancock (Iuf Board Director)
- Derrick Burks (Iuf Board Director)
- Donna Spears (Iuf Board Director)
- Glenn Scolnik (Iuf Board Director)
- Harry L Gonso (Iuf Board Director (Until 10/1/21))
- Isaac P Torres (Iuf Board Director)
- James Fielding (Iuf Board Director)
- James R Hodge (Iuf Board Director)
- James Robert Quigg Iii (Iuf Board Director)
- Jane M Jorgensen (Iuf Board Director)
- Jeff M Fettig (Iuf Board Director)
- John Timothy Morris (Iuf Board Director)
- Joseph T Morrow (Iuf Board Director)
- Julie Christopher (Iuf Board Director)
- Julie Davis (Iuf Board Director)
- Julie Inskeep (Iuf Board Director (Until 6/1/22))
- Kathleen Ligocki (Iuf Board Director)
- Kenneth W Kaczmarek (Iuf Board Director)
- Kim I Pressman (Iuf Board Director)
- Lacy M Johnson (Iuf Board Director)
- Linda S Watson (Iuf Board Director)
- Louis G Jordan (Iuf Board Director)
- Maryellen Bishop (Iuf Board Director (Until 07/21))
- Melissa Proffitt Schmidt (Iuf Board Director)
- Michael D Shumate (Iuf Board Director)
- Michael J Mirro (Iuf Board Director (Until 07/21))
- Pat Shoulders (Iuf Board Director (Until 07/21))
- Patrica A Martin (Iuf Board Director)
- Randolph L Seger (Iuf Board Director)
- Richard C Searles (Iuf Board Director)
- Richard E Woosnam (Iuf Board Director)
- Rick L Johnson Jr (Iuf Board Director)
- Robert H Mckinney (Iuf Board Director (Until 2/1/22))
- Robert L Zerbe (Iuf Board Director)
- Rodney M Miller Sr (Iuf Board Director)
- Rose C Mays (Iuf Board Director)
- Sandra E Laney (Iuf Board Director)
- Steven L Tuchman (Iuf Board Director)
- V William Hunt (Iuf Board Director (Until 06/22))
- Victor E Renuart (Iuf Board Director)
- W Michael Wells (Iuf Board Director)
- William Q Buckner (Iuf Board Director)
- Theodore D Dickman (Iuf Board Director)
- Steven A Martin (Assistant Corporate Secretary)
Official website here: www.iufoundation.iu.edu
Where can I find the form 990 for Indiana University Foundation?
The 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.
Impact
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.
Thursday, August 15, 2024
The Indiana University Foundation maximizes private philanthropic support for Indiana University by providing student scholarship and financial aid support. In FY2022, Indiana University undergraduate and graduate students received over $59 million in scholarships, fellowships, and awards from private gift support. This support is critical in ensuring that all willing students have the opportunity to pursue their educational goals, manage tuition costs, and minimize debt. Additionally, nearly 14,000 scholarships supporting University students were funded by private gift support, underscoring the foundation's emphasis on encouraging philanthropic support for scholarships. Matching funds are provided for donor gifts of $50,000 or more, incentivizing giving to endowed scholarships and fellowships. Overall, the Indiana University Foundation's impact is significant in helping students access higher education and support them in their academic pursuits.
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.
- Assets and Liabilities:
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) 855-8311
Principal Officer
J Thomas Forbes
Main Address
PO Box 500, Bloomington, IN, 47402
Website
www.iufoundation.iu.edu
NTEE Category
Code: B11 - Education
If you are a representative of Indiana University Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.