Last modified: Wednesday, August 29, 2012
Total voluntary support for Indiana University in fiscal 2012 is second highest on record
FOR IMMEDIATE RELEASE
Aug. 29, 2012
BLOOMINGTON, Ind. -- Indiana University received $347.9 million in support from the private sector in fiscal year 2012, the second highest total in the history of the university. The annual total voluntary support figure, which reports actual dollars received, includes $154 million in gifts for IU through the IU Foundation, $17.4 million in private gifts for the Riley Children's Foundation and $176.5 million in nongovernmental grants awarded to the university.
"We deeply appreciate the steadfast commitment of the donors and grant makers who have clearly demonstrated their confidence in Indiana University through their generosity," IU President Michael A. McRobbie said. "They recognize the power of the university to push the boundaries of knowledge, to enrich the lives of our citizens and to contribute to economic revitalization, and their support makes it possible for the university to realize its potential."
Total voluntary support is up 18 percent from fiscal 2011. Nongovernmental grants to faculty and programs increased by 33 percent over fiscal 2011 and set a new record.
"It is also a tribute to faculty excellence and innovation to have grants from the private sector awarded to faculty and programs reach the highest level on record," McRobbie continued. "Record support in this area is a clear indication of IU's stature as one of the world's leading public research universities."
IU Foundation President Gene Tempel emphasized the overall impact of the good news. "Ultimately, total voluntary support is much more than a number. These gifts and grants represent opportunities for students to succeed, faculty to break new ground and the university as a whole to transform lives across Indiana, the nation and the world," Tempel said. "It is evident that the university has truly loyal donors and friends, and we are grateful for their continued support."
The record for total voluntary support was set in fiscal 2008 when IU received $408.6 million. That year included two extraordinary gifts: an estate gift of $77 million from the late Jesse H. and Beulah C. Cox, and $69 million from the Lilly Endowment.
Indiana University's fiscal 2012 total of $347.9 million is reported to the Council for Aid to Education, which issues an annual report in the first quarter of each calendar year on giving to education and compiles a national ranking of all colleges and universities. Indiana University has appeared in the Council for Aid to Education's Top 20 list in 17 of the past 20 years.