BLOOMINGTON, Ind. -- Indiana University jumped to first place among public universities in the nation in the amount of support it received from the private sector in fiscal year 2010. In the ranking released today (Feb. 2) by the Council for Aid to Education, Indiana University also ranks first in the Big Ten and tenth among all colleges and universities in the nation.
Together, all campuses of Indiana University received $342.8 million from gifts through the IU Foundation and Riley Children's Foundation and from non-governmental research grants. The total is a 38.5 percent increase over fiscal 2009.
"The generosity of our many donors has moved Indiana University into the top tier, and this has happened in spite of the fact that so many Americans are enduring economic hardships because of the weak economy," said IU President Michael A. McRobbie. "Our success in this arena is very much a testament to the high quality of our programs and faculty, and we are deeply grateful to the many donors who are helping us maintain and expand upon the quality of our offerings."
Contributions from donors contributed significantly to the university's ranking, said Gene Tempel, president of the Indiana University Foundation.
"Giving to the university was at its third highest level on record -- $166.8 million -- in fiscal 2010," said Tempel. "Two extraordinary gifts were an important part of the university's success. The Lilly Endowment gave a generous and strategic gift of $60 million to the Indiana University School of Medicine for its Physician Scientist Initiative, which translates scientific discoveries in the lab into new products and treatments that benefit patients and produce new businesses.
"Another very generous donor, William R. Fry, gave $15 million for undergraduate scholarships in the Kelley School of Business,' said Tempel. "That gift will benefit 80 students who might otherwise not be able to attend Indiana University Bloomington, and is part of the reason that the campus has been able to reduce out-of-pocket expenses for IUB students by 12 percent in the past four years."
The $161.7 million in grants awarded by the private sector to faculty researchers is "a university record and a 30.5 percent increase over our previous record of $123.9 million," said Indiana University Vice President for Research Jorge Jose. "This is a real success for the university and reflects our growing national prominence in several areas, including emerging technologies, life sciences and medical research.”
The nation's Top 20 institutions in Total Voluntary Support:
- Stanford University -- $598,890,327
- Harvard University -- 596,963,000
- Johns Hopkins University -- 427,593,283
- University of Southern California -- 426,016,332
- Columbia University -- 402,356,576
- University of Pennsylvania -- 381,591,586
- Yale University -- 380,903,371
- New York University -- 349,213,948
- Duke University -- 345,468,017
- INDIANA UNIVERSITY -- 342,818,089*
- University of California, Los Angeles -- 340,406,763*
- University of Wisconsin-Madison -- 311,846,992*
- Cornell University -- 308,219,446
- University of California, Berkeley -- 307,509,066*
- Massachusetts Institute of Technology -- 307,181,598
- University of Washington -- 285,219,625*
- University of California, San Francisco -- 268,904,940*
- University of North Carolina at Chapel Hill -- 266,857,424*
- University of Michigan -- 252,098,059*
- University of Chicago -- 251,233,491
* indicates Public universities.