State appropriations provide less than 30% of IU's operating budget. Because IU is committed to keeping tuition and fees at an affordable level, private gifts are vital to fill the gap.

IUF does exactly what you intend. We deposit 100% of your gift into one or more of the 4,000 accounts established at IUF by IU's president, provosts, chancellors, deans, department chairs, and program managers to hold their gift funds. We then confirm the designation in a thank-you receipt. The IU staff member in charge of the account submits a request for your gift. After ensuring that the request meets the account's guidelines, IUF issues a check.

Unrestricted gifts: IU designates about 2/3 of your unrestricted gifts to developing student leaders, rewarding outstanding teaching and academic performance, recruiting faculty, and conducting events that showcase the University. The remainder of the unrestricted funds supports IUF communications and fundraising or, at IU's request, important University initiatives for which other funding is not available.

IUF's operating budget has three sources:

• A fee paid by IU to IUF for fundraising, investment management, and associated administrative services. The University contracts with IUF for these services.
• An administrative fee of 1% on the assessed market value of the IU endowment.
• Income from rents, royalties, IUF's operating endowment, and unrestricted gifts.

• Confidentiality: Laws mandate that records and meetings of state institutions be open to the public. Because IUF is separate from IU, it is able to keep confidential gift records, wills, trust agreements, correspondence, and other highly personal documents related to gifts.
• Return on investment: State statutes limit how state institutions can invest their funds. IUF, subject to different though equally stringent rules and regulations, can realize a significantly higher return on IU's endowment.
• Flexibility: IU prepares budgets two years in advance and has limited discretionary funds. Gift funds, administered by IUF, add to the pool of discretionary funding. Gift funds can also be used in ways that state moneys cannot, such as faculty research in other countries.

IUF is governed by a board of directors. Leaders in business, the professions, and civic affairs, they are among IU's most extraordinary supporters.

For more information, go to IUF Board of Directors.

IUF scrupulously complies with all regulatory requirements at the federal, state, and local levels in human resources, legal affairs, real estate management, financial affairs, and more. We often exceed regulatory agency requirements to provide better information and services to IU and its donors. We are one of only a few university foundations with an internal auditor.

The following documents are available to the public.

• Annual audited financial statements [PDF], conducted by Deloitte & Touche, LLP
• IUF annual report
• Annual operating budget [PDF], including sources of funding
• Policies on disbursement of restricted [PDF] and unrestricted [PDF] gift funds, investment policies, expenditure guidelines [PDF], and quarterly performance reports
• IUF and IU contract
• Policies regarding fundraising priorities
• Tax forms 990 and 990T

IU's president and trustees determine which fundraising proposals become University priorities.

Provosts, chancellors, deans, and department and program chairpersons set priorities for their units within the context of University priorities.

IUF provides feasibility studies and centralized management of fundraising priorities and develops a university wide fundraising program to promote and support IU's agenda.

IUF is a fundraising rather than a fund-granting institution. However, at the request of a senior IU administrator, IUF will allocate funds that support University priorities and IUF's fundraising mission.

IU faculty or staff looking for project funding should contact their unit's chairperson.

• Strategizing, coordinating, and executing IU fundraising goals and initatives
• Planning campaigns
• Conducting feasibility studies
• Raising gift funds through principal, major, planned, annual, and special giving
• Providing fundraising services for smaller academic units
• Training staff in fundraising and relationship building
• Assisting IU's partners in lifetime involvement initiatives
• Recruiting development officers and evaluating development officer programs