Last modified: Wednesday, June 20, 2012
IU Foundation president returning to Center on Philanthropy at IU; Kelley dean to lead foundation
FOR IMMEDIATE RELEASE
June 20, 2012
BLOOMINGTON, Ind. -- After four years as Indiana University Foundation president, Eugene R. Tempel will be returning to the Center on Philanthropy at Indiana University as a senior fellow to play a major role in the university's effort to establish a new School of Philanthropy, the university has announced.
Tempel served as the center's executive director for 11 years before joining the IU Foundation in 2008.
The IU Foundation's fiduciary directors have unanimously selected Daniel C. Smith, dean of the IU Kelley School of Business, to succeed Tempel effective Oct. 1. Smith will continue to serve as dean of the Kelley School until an interim dean is appointed late this summer and will then assist the interim dean with the transition through the end of the year.
"Gene Tempel is a nationally recognized leader in philanthropic studies and nonprofit management who has done an outstanding job leading the IU Foundation for the past four years," said Indiana University President Michael A. McRobbie, who also chairs the IU Foundation board. "Under Gene's leadership, the university has increased its donor base and secured large, transformative gifts for a number of schools, departments and centers across the university.
"Gene leaves the foundation in excellent shape, and I am very pleased he will be returning to the Center on Philanthropy, which he was instrumental in building into a world-class organization, at a time when we are looking to expand the scope and mission of our philanthropic studies programs."
Under Tempel, the IU Foundation completed IU Bloomington's $1.1 billion Matching the Promise campaign and exceeded this target by more than $40 million; launched the $1.25 billion IMPACT campaign at IUPUI, which is close to successful completion; and initiated fundraising campaigns on three of IU's regional campuses. In addition, the foundation launched the first Women's Philanthropy Council for Indiana University. Tempel also has promoted greater alignment between the foundation and IU Alumni Association, worked to make the organization more efficient and metrics-driven, and strengthened the foundation's leadership team.
Among the gifts to the university during Tempel's time as foundation president were $60 million from Lilly Endowment to support medical research; $35 million from entrepreneur Michael S. "Mickey" Maurer for the IU Maurer School of Law in Bloomington; $24 million from attorney and businessman Robert H. McKinney for the IU McKinney School of Law in Indianapolis; and $15 million from Bloomington-based Cook Group for construction of IU's state-of-the-art basketball training center, Cook Hall, in Bloomington.
In addition, Tempel and the IU Foundation worked closely with Smith and the Kelley School on grants totaling $60 million for the expansion of the Kelley School undergraduate facility in Bloomington, which began this spring.
"I have been proud to be a part of the IU Foundation and the important work it does for Indiana University," Tempel said. "We have been able to work collaboratively with our strategic partners -- President McRobbie, the chancellors and provost, deans, development officers, fiscal officers, the Alumni Association and many others -- to raise significant gift funds that will benefit the university for decades to come.
"I am grateful to have had the opportunity to contribute to this success during my time as the president of the foundation. Philanthropy has been the constant in my career at Indiana University, and I am excited to have a new leadership role as the university builds on its accomplishments and expands its programming in this fascinating and vitally important field."
Smith will join the foundation as president after more than eight years as dean of IU's highly regarded Kelley School of Business, which is regularly recognized as one of the top 20 programs for both undergraduate and graduate business education in the United States. Smith, who earned his doctorate from the University of Pittsburgh, joined the Kelley School in 1996 as an associate professor and the Clare W. Barker Chair in Marketing and became a full professor in 1998. He was named interim dean in 2004 and dean in 2005.
"I am honored to be asked to serve IU as the leader of the foundation and am grateful to President McRobbie for this opportunity," Smith said. "The IU Foundation is a special institution, and Gene Tempel has done a superb job guiding it during a difficult period for philanthropy. I look forward to working with the foundation board, composed of leaders who bring diverse perspectives and a deep commitment to the advancement of IU."
As dean at Kelley, Smith has strengthened the school's finances, overseen significant growth in the student population, championed higher admissions standards and grown Kelley's international reach and reputation. Smith also has been a tireless fundraiser for the school throughout his career and has been instrumental in securing approximately $170 million in gifts to the school during his tenure as dean.
"Dan Smith is a visionary leader who has helped build the Kelley School into one of the pre-eminent business programs in the world," McRobbie said. "Dan's marketing expertise, collegial working style and successful record of cultivating financial support for the Kelley School will be invaluable in his new role.
"Indeed, Dan has great rapport with his fellow deans and other leaders across the university, as well as a deep understanding of the complexities of fundraising in a difficult economic climate that will allow him to effectively guide the long-term development strategy at IU. He is an ideal choice to build on the work Gene has done in leading the IU Foundation, and I am very pleased he has agreed to serve the university in this crucial capacity."
Harry Gonso, vice chair of the IU Foundation's fiduciary directors, added, "Dan Smith, building upon a solid base, will take the foundation and the university's engagement to new heights. Dan's experience and successful leadership of the Kelley School will translate across the university and all its friends and supporters. This has the promise for a very exciting time ahead."
The Kelley School is one of the largest business programs in the U.S, serving nearly 10,000 undergraduate and graduate students with 280 faculty and 300 professional and support staff members.
Under Smith's leadership, Kelley's student body has grown and become more diverse. Undergraduate enrollment at the Kelley School's Bloomington campus has increased by one-third since 2004, while the average SAT score of entering freshmen has increased by 130 points during that time.
Major gifts to the Kelley School during Smith's tenure as dean include nearly $60 million to support an extensive renovation and expansion of the undergraduate facilities in Bloomington; a $23 million naming gift for the school's graduate and executive center; $15 million to name the undergraduate center; and $15 million to create a scholarship endowment for students from underrepresented populations.
He also was instrumental in securing financial support for two endowed chairs from the Samsung Foundation in Seoul, South Korea, as part of the nine endowed faculty chairs and 17 fellowships the Kelley School has secured during his deanship.
"I have thoroughly enjoyed my time as dean of the Kelley School and will miss working day-to-day with such an extraordinary team of faculty, staff, students, alumni and corporate partners," Smith said. "Our success can be attributed to their innovative spirit and dedication to our mission of improving lives, organizations and communities.
"Going forward, I am confident that by collaborating with our colleagues across the university, we will be able to engage our friends around the globe in supporting the compelling initiatives necessary to ensure that IU remains one of the world's most important universities."
Founded in 1936, the IU Foundation is headquartered in Bloomington and Indianapolis and partners with development offices on every IU campus. The foundation today oversees one of the largest public university endowments in the country, with a market value of nearly $1.6 billion.
In fiscal year 2011, IU ranked 17th overall and sixth among public universities in total voluntary support, receiving $296 million in grants, and the university was No. 1 among public universities in voluntary support in 2010 with grants totaling $343 million. IU is consistently ranked among the top four of Big Ten universities in annual voluntary support.