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Barbara Coffman
IU Foundation

Last modified: Thursday, November 21, 2002

Richard E. Woosnam elected to IU Foundation Board of Directors

Richard E. Woosnam, president of Innovest Group Inc. of Philadelphia, Pa., has been elected to the Indiana University Foundation Board of Directors.

Woosnam serves in leadership positions with New York Achievement LLC; Capital Management Corp.; Bridges Learning Systems, Inc. and Command Equity Group LLC. He also serves on the boards of the Pennsylvania Academy of Fine Arts, the World Affairs Council of Philadelphia, the Fairmount Park Conservancy and several other Philadelphia area cultural organizations. He is a member of the American Bar Association, the Indiana Bar Association and the Union League of Philadelphia.

Woosnam received a bachelor of science degree in business, a master of business administration degree from IU's Kelley School of Business and a doctor of jurisprudence degree from the IU School of Law-Bloomington. As an undergraduate, he was a member of the IU Student Foundation Steering Committee and the Union Board, and was a rider in the Little 500 bicycle race as part of the Sigma Nu fraternity team.

The IU Foundation is a not-for-profit corporation that serves IU's eight campuses by raising funds and providing stewardship and administrative services for donors and for IU. In fiscal year 2002, IU received gifts of $92.4 million from more than 100,000 donors. In the most recent rankings, IU is first among public universities in the nation in the amount of gift and nongovernmental grant support it receives from the private sector.