Last modified: Thursday, February 4, 2010
IU 21st in nation in Total Voluntary Support rankings
4th in Big Ten, 9th among publics
FOR IMMEDIATE RELEASE
Feb. 4, 2010
BLOOMINGTON, Ind. -- Indiana University ranks fourth in the Big Ten, ninth among public universities, and 21st among all colleges and universities in the nation in the amount of support it received from the private sector in fiscal 2009.
Together, all campuses of IU received $247.6 million in gifts and non-governmental research grant funds in the last fiscal year. The Total Voluntary Support rankings are compiled annually by the Council for Aid to Education.
"Our Total Voluntary Support is more than a number or a ranking," said IU President Michael A. McRobbie. "These funds are an expression of confidence in Indiana University's ability to solve problems, contribute to economic recovery, and provide an outstanding education.
"The amount awarded by the private-sector as grants to faculty researchers was the second highest in the university's history," McRobbie added.
IU's ranking declined from the previous year "because of the normal ups and downs of fundraising," said Gene Tempel, president of the Indiana University Foundation. "Fiscal 2008 was a spectacularly successful year in fundraising because of three extraordinary gifts. It was unlikely that such a year would be repeated."
The downturn in the economy also affected giving in 2009, said Tempel. "We know from research at the IU Center on Philanthropy that there is a correlation between the stock market and giving and between personal income and giving. Both of those indicators declined in 2008 and 2009."
Tempel pointed out that extraordinary gifts continue to come to IU, citing the recent $60 million commitment from the Lilly Endowment for the IU School of Medicine's Physician Scientist Initiative. "Further," said Tempel, "our trend line for Total Voluntary Support is up, so the outlook is good for the long term."
The nation's top 25 fundraising universities (and dollars received) in fiscal 2009 are:
1. Stanford University ($640.1 million)
2. Harvard University ($601.6 million)
3. Cornell University ($446.7 million)
4. University of Pennsylvania ($439.8 million)
5. Johns Hopkins University ($ 433.4 million)
6. Columbia University ($413.4 million)
7. University of Southern California ($369.0 million)
8. Yale University ($358.1 million)
9. University of California, Los Angeles ($351.7 million)
10. University of Wisconsin-Madison ($341.8 million)
11. New York University ($334.8 million)
12. University of Washington ($323.5 million)
13. Massachusetts Institute of Technology ($319.1 million)
14. Duke University ($301.6 million)
15. University of California, San Francisco ($300.4 million)
16. University of Minnesota ($272.4 million)
17. University of North Carolina at Chapel Hill ($270.1 million)
18. University of Michigan ($263.3 million)
19. University of California, Berkeley ($255.1 million)
20. University of Chicago ($248.8 million)
21. Indiana University ($247.6 million)
22. University of Texas at Austin ($238.0 million)
23. Ohio State University ($237.1 million)
24. University of Virginia ($233.5 million)
25. Princeton University ($214.2 million)