Indiana University Foundation is a 501(c)(3) organization based in Bloomington, Indiana, registered in 1938, with $447,818,816 in FY2023 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
Revenue (FY2023)
$447.8M
▲ 5.1% vs prior year
Education median: $200K
Expenses (FY2023)
$281.6M
Net assets
$3.7B
Employees
356
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Indiana University Foundation: 82% to programs · $16 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Indiana University Foundation: 156 mo reserves · +37% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Indiana University Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Indiana University Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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To maximize private philanthropic support for indiana university
Faculty support and research - with approximately $52.8 million from iuf, university faculty and staff received additional support allowing for increased research opportunities and improved classroom experiences for all students. private gift support helps meet the university's goal to attract and retain world-class faculty, which ultimately attracts the best and brightest students. during 2024, the number of endowed faculty positions (chairs, professorships, and fellowships) totaled 582.
Academic & student program support - the iuf provided over $50 million to the university to support academic & student programs. these funds enable dedicated students to develop skills and knowledge for growth and success by offering high-quality, responsive academic and student programs by employing best practices in teaching and learning; adding to the accumulated body of knowledge and creative work; enriching the community through cultural leadership and providing resources for problem solving.
Investment management the primary investment objective of the iuf's pooled long term fund asset management program is to achieve an annualized total return (net of fees and expenses), through appreciation and income, equal to or greater than the rate of inflation plus any spending and administrative expenses thus, at a minimum, maintaining the purchasing power of those assets managed by the iuf. the assets are to be managed in a manner that will meet the primary investment objective, and where possible, to seek growth above the objective, while at the same time attempting to limit volatility for year-to-year spending.the iuf has adopted endowment investment and spending policies that attempt to provide a consistent purchasing power of endowment assets. under this policy, endowment assets are invested in a manner that is intended to yield a long-term rate of return that exceeds the distribution rate, inflation, and administrative fees of the endowment, while assuming a prudent level of investment risk. actual results may not be sufficient to achieve this over some shorter time frames.working with top-tier investment managers allows iuf to appropriately diversify our investment portfolio to achieve target returns with less volatility than achieved with traditional investments. reducing volatility is imperative to those who rely on annual endowment income, such as students receiving renewable scholarships or faculty receiving annual salary support. investment performance has historically exceeded our targets net of fees to managers. over the past decade, we have outperformed our target weighted benchmark by roughly 0.5% per annum.
Revenue grew from $222.7M (FY2013) to $447.8M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
37.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.4B
Total liabilities
$779.3M
Net assets
$3.7B
Salaries & benefits
$37.3M
13% of expenses
Board members
51
50 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $447,818,816▲5.1% | $281,606,520▲7.9% | $3,657,497,078▲6.4% | $4,436,783,006▲6.1% | 990 |
| 2022 | $426,110,057▼14.2% | $261,097,805▼33.0% | $3,437,449,804▲1.3% | $4,180,043,938▲0.8% | 990 |
| 2021 | $496,884,303▲36.9% | $389,768,635▲68.6% | $3,392,471,994▼4.1% | $4,146,756,017▲2.5% | 990 |
| 2020 | $362,892,310▲58.8% | $231,169,533▼3.0% | $3,538,278,640▲31.4% | $4,047,053,926▲30.3% | 990 |
| 2019 | $228,544,851▼26.2% | $238,335,156▼0.6% | $2,693,103,524▼0.6% | $3,105,176,215▼3.4% | 990 |
| 2018 | $309,542,663▼32.8% | $239,782,427▼16.5% | $2,708,860,740▲5.0% | $3,215,937,812▲5.1% | 990 |
| 2017 | $460,633,062▲51.3% | $287,297,017▲28.3% | $2,580,900,015▲9.2% | $3,058,468,864▲6.9% | 990 |
| 2016 | $304,368,228▲0.6% | $223,988,014▲7.7% | $2,362,844,708▲11.2% | $2,861,379,262▲10.0% | 990 |
| 2015 | $302,588,879▲2.7% | $207,925,796▼0.3% | $2,125,247,535▼2.8% | $2,601,155,584▼0.9% | 990 |
| 2014 | $294,594,443▲32.3% | $208,476,299▲7.5% | $2,185,976,300▲1.0% | $2,625,026,845▲1.1% | 990 |
| 2013 | $222,731,805 | $193,899,777▲24.8% | $2,165,172,220▲13.8% | $2,596,501,499▲14.0% | 990 |
| 2012 | — | $155,370,191▲2.4% | $1,903,285,873▲10.0% | $2,277,565,500▲8.2% | 990 |
| 2011 | — | $151,664,780▲4.3% | $1,730,080,665▼0.7% | $2,105,534,426▲2.5% | 990 |
| 2010 | — | $145,475,897▼28.0% | $1,741,607,965▲17.2% | $2,054,874,726▲16.3% | 990 |
| 2009 | — | $202,114,501 | $1,486,267,344 | $1,767,560,954 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: D Abe Weldy — $736,336 (0.26% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| D Abe Weldy | Co-cio | 40 | $736,336 |
| James Bergstrom | Co-cio | 40 | $732,079 |
| J Thomas Forbes | President and Ceo | 40 | $484,788 |
| Scott Ryan | Director of Investments | 40 | $412,808 |
| Jeffrey D Stumpf | Evp For Finance & Oper. Until 10/23 | 40 | $348,202 |
| Joyce Q Rogers | Evp For Development | 40 | $335,368 |
| Jeffrey Lindauer | Vp, University Advancement | 40 | $268,315 |
| Paula Jenkins | Vp, Principal Gifts | 40 | $257,230 |
| Mary Bonk | Vp, Adv Proj Mgt, Support & Tech Serv | 40 | $256,460 |
| Julie Mcfall | Senior Vp, Human Resources & Culture | 40 | $238,677 |
| Philippa Guthrie | Evp, Gen Counsel & Corp Board Secretary | 40 | $230,134 |
| Sarah Beggs | Chief of Staff & Sr Vp, Strat Initiatives | 40 | $220,177 |
| Elizabeth Feeny | Vp of Development | 40 | $214,740 |
| Sheila Decker | Vp, Administration | 40 | $203,648 |
| Aasif M Bade | Iuf Board Director | 0 | — |
| Alan B Graf | Iuf Board Director | 0 | — |
| Alisa L Hendrix | Iuf Board Director | 0 | — |
| Amish Shah | Iuf Board Director | 0 | — |
| Amy Balcius | Iuf Board Director | 0 | — |
| Cheng Wu | Iuf Board Director | 0 | — |
| Contractor | Services | Paid |
|---|---|---|
| Cambridge Associates LLC | Investment Services | $1,342,500 |
| Champlain Investment Partners LLC | Investment Management | $791,937 |
| Hylant Group | Insurance Services | $769,955 |
| Snyder Capital Management LP | Investment Management | $659,706 |
| Regional Title Services | Real Estate Services | $599,756 |
611 grants to Indiana University Foundation totaling $201.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Iu Medical Group Foundation Inc | To provide indiana university with the financial support it needs to succeed | 2024 | $5,135,000 |
| Central Indiana Community Foundation Inc | Providing patient-centered contraception care | 2024 | $1,809,915 |
| Tides Foundation | Quality education | 2024 | $1,600,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $1,105,000 |
| James Whitcomb Riley Memorial Association | Camp riley | 2024 | $1,080,965 |
| American Online Giving Foundation Inc | General support | 2024 | $555,621 |
| American Endowment Foundation | Educational | 2024 | $531,900 |
| Charities Aid Foundation America | Charitable donation | 2024 | $516,274 |
| Early Learning Indiana Inc | Early years initiative | 2024 | $468,200 |
| American Gift Fund | Operations | 2024 | $407,980 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $395,000 |
| Indianapolis Foundation Inc | Apply to: i3200113343 (ballet fund at jacobs) | 2024 | $346,460 |
| Greater Horizons | Education | 2024 | $331,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $247,780 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $202,000 |
4 grants totaling $190.2M in FY2023. All grants made by Indiana University Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana University | Student scholarship and financial aid | $67,284,654 |
| Indiana University | Faculty support & research | $52,807,073 |
| Indiana University | Academic and student program support | $50,069,084 |
| Indiana University | Endowment and capital additions | $20,040,487 |
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Data for Indiana University Foundation (EIN 35-6018940) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.