Last modified: Monday, March 28, 2005
IU first in Big Ten, 13th in nation in private sector support
BLOOMINGTON, Ind. -- Indiana University ranks first in the Big Ten, third among all public universities and 13th among all institutions of higher education in the nation in the amount of support it receives from the private sector.
This is the second time that IU has ranked first in the Big Ten. IU has placed in the top 20 among all institutions for 13 of the last 15 years.
IU received $248.5 million in gifts and non-governmental research grants in fiscal year 2004, putting it among the top 1.3 percent of institutions nationwide. The rankings are compiled annually by the Council for Aid to Education, and 971 institutions participated in the survey this year.
"In addition to extraordinary support from individual and corporate donors, IU's outstanding faculty received a record amount of non-governmentally funded research grants during the 2004 fiscal year," said IU President Adam W. Herbert. "We are inspired by this recognition of IU's institutional strengths and its capacity for even greater research and academic program excellence. We are deeply grateful for the generosity of our donors and grant-makers. I am convinced that we will exceed their high expectations as Indiana University continues its quest to move even higher among the ranks of the nation's most distinguished research institutions."
Contributing to IU's success in fiscal year 2004 was $136.3 million in private gifts, the third-highest total in IU history.
"Our volunteer boards, along with deans and development officers at IU and the IU Foundation, are incredibly effective in telling potential donors what can be accomplished with private support," said IU Foundation President Curt Simic. "Their efforts have been very successful."
Non-governmental research grants set a new record in fiscal 2004, for the second time in two years. IU received $112.2 million in such grants in fiscal 2004. Michael McRobbie, IU vice president for research, attributed the increase to "the outstanding reputation IU faculty members have earned for their groundbreaking research."
"We are delighted to have set a new record -- again," McRobbie said. "We anticipate that the private sector will remain eager to support IU as faculty members continue producing results that enhance quality of life for citizens in the state."
Total Voluntary Support - Top 20 in Total Giving
As of June 30, 2004
1. Harvard University, $540,333,491
2. Stanford University, $524,213,993
3. Cornell University, $385,936,235
4. University of Pennsylvania, $332,829,949
5. University of Southern California, $322,090,595
6. Johns Hopkins University, $311,573,165
7. Columbia University, $290,618,180
8. Massachusetts Institute of Technology, $289,838,445
9. Yale University, $264,771,841
10. University of California, Los Angeles, $262,148,586
11.Duke University, $254,999,006
12. University of Texas at Austin, $252,175,348
13. Indiana University and Foundation, $248,458,068
14. University of Minnesota, $245,682,841
15. New York University, $214,863,578
16. University of California, San Francisco, $213,996,780
17. University of Michigan, $206,165,782
18. Ohio State University, $203,273,515
19. University of Washington, $195,762,442
20. University of North Carolina at Chapel Hill, $186,934,586
Compiled by the Council for Aid to Education.
Public universities are listed in italics; Big Ten universities in bold.