Release Date: 02/23/2007
Indiana University ranks fourth in the Big Ten, sixth among all public universities and 17th among all colleges and universities in the nation in the amount of support it receives from the private sector.
IU has ranked in the Top 20 among all colleges and universities, public and private, for 15 of the past 17 years.
IU received $247.5 million in private-sector support in fiscal year 2006, the year on which the rankings are based. The Council for Aid to Education compiles the annual survey, which this year included 1,014 institutions of higher education.
The $247.5 million total for IU includes $110.7 million in gifts through the IU Foundation, $119.0 in non-governmental research grants, and $17.8 million in gifts through Riley Children's Foundation.
Non-governmental research grants are awarded to faculty on a competitive basis by private-sector entities. Riley Children's Hospital is one of the IU hospitals and a partner with the IU School of Medicine.
"Support from the private sector for IU has nearly doubled over the past 10 years," said Curt Simic, president of the IU Foundation. "Although in any individual year the total voluntary support number may spike or drop, IU's trend line is strongly upward. That strong upward trend has enabled IU to keep its place among the top institutions in the nation almost every year since 1990."
In the past five years, IU's total voluntary support has ranged from $183.6 million to $301.0 million and its overall ranking from 24th to 9th.
President Simic added that IU’s cumulative Total Voluntary Support over the past 10 years far surpasses that of other public universities in the state. Also, a study of cumulative Total Voluntary Support for the top 30 public institutions in the country from fiscal 1995 through fiscal 2005 shows that IU ranks fourth overall in the nation," he said.
Total Voluntary Support Top 20 (As of June 30, 2006, listed in millions)
Public universities are listed in bold; Big Ten universities in CAPS
1. Stanford University, $911.1
2. Harvard University, $595.9
3. Yale University, $433.5
4. University of Pennsylvania, $409.5
5. Cornell University, $406.2
6. University of Southern California, $405.8
7. Johns Hopkins University, $377.3
8. Columbia University, $377.3
9. Duke University, $332.0
10. UNIVERSITY OF WISCONSIN-MADISON, $325.9
11. University of California, Los Angeles, $319.6
12. University of Washington, $316.3
13. New York University, $279.9
14. UNIVERSITY OF MINNESOTA, $267.0
15. NORTHWESTERN UNIVERSITY, $253.4
16. UNIVERSITY OF MICHIGAN, $251.5
17. INDIANA UNIVERSITY, $247.5
18. University of California, Berkeley, $246.0
19. University of Chicago, $237.1
20. University of North Carolina at Chapel Hill $236.6
List compiled by the Council for Aid to Education.
