The Story: American University is located in the Kyrgyzstan capital, Bishkek. The endowment comes from $10 million from the U.S. Agency for International Development and $5 million from the Open Society Institute. IU has been mentor to American University for six years, and nearly 40 faculty and administrators have traveled to the Central Asian campus to contribute their expertise.

The Source: The Chronicle of Higher Education, May 6, 2005

The Headline: "Kelley School of Business Ranks 29th in Programs for Executives"

The Story: Custom executive education programs at IU's Kelley School of Business ranked 29th in the world, according to a survey published by the Financial Times. The programs ranked 13th among U.S. institutions and second, behind Northwestern, in the Big Ten.

The Quote: "The Kelley School has a long history of providing world-class custom executive education programs. We take a practical, value-added approach to program design that results in high levels of client satisfaction." —Dan Smith, Kelley School interim dean

The Source: Bloomington Herald-Times, May 19, 2005

The Headline: "Student Artists Showcase Talents"

The Story: IU East's Student Showcase offered the community an opportunity to see work by art students. The showcase included ceramics, stoneware, acrylics, oils, monoprints, colored pencil drawings, mixed media and photography. Entrants were enrolled in IU East art classes throughout the 2004-2005 academic year.

The Source: The Palladium-Item (Richmond), May 13, 2005

The Headline: "Area Missions Benefit from what Students Leave Behind"

The Story: Nonprofits are turning the discarded belongings abandoned each spring by students into resources for local residents. More groups are organizing to take advantage of the opportunity. IUB organized pickups at all 11 residence halls, home to nearly 11,000 students.

The Quote: "We had such a huge amount that it's taking days to collect it. It's like a huge garage sale."
-- Steve Akers, associate director of environmental operations for IUB's Residential Programs and Services

The Source: The Indianapolis Star, May 17, 2005

The Headline: "IU one of 47 schools with endowments that exceed $1 billion"

The Story: Forty-seven colleges and universities in the U.S. have endowments of $1 billion or more, compared to 17 a decade ago. "Billionaire schools," writes the Associated Press' Justin Pope, "have amassed their wealth through savvy fundraising, shrewd investing and generous tax laws, and they are the envy of the world." In a related story, Herald Times writer Steve Hinnefeld points out that IU ranks 46th among the 47. "Like most universities, IU spends 5 percent of the value of its endowment each year; another 1 percent goes for administrative costs, including investment fees," Hinnefeld wrote.

The quote: "People give to universities because they have dreams. They want to make the world a better place."—Barbara Coffman, IU Foundation

The Source: Bloomington Herald-Times, May 22, 2005