Indiana University received nearly $300 million in support from the private sector in fiscal year 2011. Total Voluntary Support, the sum of gifts and non-governmental grants awarded to the university, added up to $296.0 million.
Total Voluntary Support for all IU campuses in fiscal 2011 included $146.9 million in gifts, $16.5 million for Riley Children’s Foundation, and $132.5 million in non-governmental grants.
“These numbers remind us how much each individual’s decision to give matters,” said Indiana University Foundation President Gene Tempel. “Especially in tough economic times, the continuing support of our donors is a testament to their understanding of the importance of higher education to the state and its citizens.”
Fiscal year 2011 was the university’s second-best year on record in private-sector grants awarded to faculty. This year also saw an increase over the previous one in giving to Riley Children’s Foundation.
Total Voluntary Support is down from the previous year’s total of $342.8 million, which was the second highest on record. “At the same time,” said Tempel, “we had a significant increase in the number of donors making gifts of $100,000 or more, which shows that the base of support for Indiana University is strong and growing.”
Tempel added that the donor numbers have held steady, at just over 123,000, in spite of “difficult economic circumstances. We didn’t expect that,” said Tempel, “and we are grateful for the continued support of so many people who care about the university.”