Herman B Wells, born June 7, 1902, remains one of Indiana University’s most transformative leaders. As the university’s eleventh president and later its first chancellor, Wells guided IU through a period of remarkable growth—expanding academic programs, recruiting world-class faculty, and championing civil rights and academic freedom. His vision and dedication elevated IU from a regional college to a globally recognized institution, leaving a legacy that still shapes the university today.
Wells’ commitment to IU went far beyond his administrative roles. As a generous planned giving donor, he ensured his impact would be felt for generations to come. Through both a bequest and the establishment of life income gifts, Wells demonstrated his deep dedication to IU’s long-term success. These gifts have touched nearly every corner of campus, supporting undergraduate scholarships, his fraternity, IU Auditorium, the Opera, the Eskenazi Art Museum, graduate fellowships, and much more. Through this generosity, Wells truly embodied his own philosophy: “When you build, build for a long time.”
You may have heard of a bequest, but what exactly are life income gifts? Life income gifts are a special way to support your favorite causes while also receiving income for yourself or loved ones. With a life income gift, a donor transfers assets—such as cash, stocks, or real estate—to a charitable trust or charitable gift annuity. In return, the donor (or another beneficiary) receives regular payments for life or for a set term of years. After the income period ends, the remaining assets go to the designated charity—in this case, Indiana University. This approach allows donors to make a meaningful impact while also enjoying financial benefits during their lifetime.
To celebrate Herman B Wells’ birthday, why not try a cake inspired by the man himself? Here’s a home-sized version of the “Herman B Wells Cake,” adapted from IU Archives: