21st in nation, 9th among publics
Indiana University ranks fourth in the Big Ten, ninth among public universities, and 21st among all colleges and universities in the nation in the amount of support it received from the private sector in fiscal 2009.
Together, all campuses of IU received $247.6 million in gifts and non-governmental research grant funds in the last fiscal year. The Total Voluntary Support rankings are compiled annually by the Council for Aid to Education (CAE).
"Our Total Voluntary Support is more than a number or a ranking,” said IU President Michael A. McRobbie. "These funds are an expression of confidence in Indiana University’s ability to solve problems, contribute to economic recovery, and provide an outstanding education.”
“The amount awarded by the private-sector as grants to faculty researchers was the second highest in the university’s history,” McRobbie added.
IU has appeared on CAE’s Top 20 list in 17 of the past 20 years. IU’s ranking declined from the previous year “because of the normal ups and downs of fundraising,” said Gene Tempel, president of the Indiana University Foundation. “Fiscal 2008 was a spectacularly successful year in fundraising because of three extraordinary gifts. It was unlikely that such a year would be repeated.”
The downturn in the economy also affected giving in 2009, said Tempel. “We know from research at the IU Center on Philanthropy that there is a correlation between the stock market and giving and between personal income and giving. Both of those indicators declined in 2008 and 2009.”
Tempel pointed out that extraordinary gifts continue to come to IU, citing the recent $60 million commitment from the Lilly Endowment for the IU School of Medicine’s Physician Scientist Initiative. “Further,” said Tempel, “our trend line for Total Voluntary Support is up, so the outlook is good for the long term.”