Annual Report

Greetings from the IU Foundation

Philanthropy is an expression of caring for humanity. This annual report chronicles the work of the Indiana University Foundation (IU Foundation) in helping connect expressions of that caring for humanity to the mission, needs, and priorities of Indiana University (IU).

Our donors imagine a world where students can explore their full potential without the burden of how they will pay for college. These donors envision cures to illnesses. They believe in Indiana University’s ability to help shape a world that is equitable, peaceful, and sustainable. They believe in the power of helping make life better for other people.

This annual report outlines the actions we are taking to sustain Indiana University’s philanthropic legacy. In 2024, we have strengthened our development program to build collaboration and foster a community of excellence—and to get more alumni, family, and friends of IU informed, involved, and invested in the university.

Thank you for your interest in and support of our work. We invite you to review the annual report, as it represents the great contributions made possible by so many. Although much has been accomplished, much more remains to be done to continue IU’s philanthropic legacy as we provide support, opportunity, and hope for all—today and for generations.

Ever true to IU,

J T. ForbesPresident and Chief Executive Officer, Indiana University Foundation
Louis JordanVice Chair, Indiana University Foundation Board

Fiscal year 2024 highlights

In support of our mission to maximize private support for IU, the IU Foundation business model includes five key steps: Engage alumni and friends, Raise funds, Receive funds, Invest funds, and Utilize funds. The following data represent totals from July 1, 2023, through June 30, 2024.

Engage alumni and friends

The IU Foundation builds and stewards lifelong relationships with current and potential supporters through a wide variety of outreach opportunities.

Snapshot of engagement activities

  • Emails, care calls, letters, videos, newsletters, reports, and online features to communicate gratitude to donors and share impact stories
  • Groundbreaking giving circles—such as Women’s Philanthropy at IU, the Black Philanthropy Circle, and the Queer Philanthropy Circle—which unite supporters with shared passions to enrich the IU experience and ensure that IU is a place for all students to thrive
  • Parent & Family Giving, an effort to engage IU parents in the life and mission of the university
  • IU Student Foundation, a student organization that shapes the philanthropic leaders of tomorrow, and the IUPUI Student Foundation’s Jagathon, a student-led event that raises money for Riley Children’s Hospital
  • Recognition societies, which honor generous donors for their commitment to and support of IU

Through these initiatives and more, we inspire current and potential supporters to connect their personal and philanthropic values with the mission of IU.

12,610New donors

$137.6MTotal value of planned gifts documented

309Total number of planned gifts documented

$1k–$8.75MRange of gift value

$100,000Median planned gift

$43.50MValue of realized gifts

Since our founding in 1820, generous individuals and organizations have partnered with IU, fostering a legacy of academic innovation, groundbreaking research, and transformative opportunities for students. Every gift makes a difference in fulfilling our mission to provide a world-class education and enrich lives in Indiana and beyond.

— IU President Pamela Whitten

Gifts received by type

Demonstrating our donors’ strong commitment to IU and long-term philanthropic goals, planned gifts and pledges accounted for more than 49% of total gifts received.

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Pooled long-term asset allocation

Beyond the risk control benefits of proper diversification, asset allocation decisions are designed to emphasize the most attractive opportunities and to provide exposure to various investments that perform well in different economic environments.

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Use of funds

Funds utilized each year are made available from the earnings on donor-restricted endowments combined with donor annual giving. During fiscal year 2024, with nearly 90% of the funds made available directed to student, faculty, research, and academic support, it is clear that pursuing excellence in world-class education, research, and scholarship is the greatest priority for IU donors. In fact, 17% of enrolled IU students benefitted from scholarship support.

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Without this scholarship, my internship at the Library of Congress would not have been financially possible. While interning with the Library’s American Folklife Center, I have been able to put my skills into action.

Joseph Johnson, PhD candidate in ethnomusicology, recipient of IU’s Walter Center Internship Scholarship