New records set for private giving to IUBy Barb Coffman | |
|
Private giving for Indiana University has reached an all-time high. In fiscal year 2000, nearly $109 million was contributed to the IU Foundation, up from $75.4 million last year. For the first time, more than 100,000 donors contributed, and the market va
lue of managed investments surpassed $1 billion.
“These phenomenal numbers resulted from the hard work of IU development staff as well as foundation staff, and from the excellence of the faculty and students, who create an institution that people want to support with their gifts. We could not be happier ,” said Curt Simic, foundation president. Gifts increased the most dramatically, by 44 percent. “We received a very generous gift from the Lilly Endowment last year to support technology infrastructure on the Bloomington and IUPUI campuses,” said Simic. “Even without that gift, however, our numbe rs were up.” There were 742 more donors in 1999-2000, enough to put the number over 100,000 for the first time. On June 30, 1999, the market value of managed investments stood at $943.9 million. A year later, it had reached $1.06 billion. For nine of the last 10 years, IU has been ranked in the top 20 nationally by the Council for Aid to Education, in terms of total voluntary support, the aggregate of gifts and non-governmental research grants. In each of the last 10 years, IU has been ran ked by the National Association of College and University Business Officers in the top 15 among public universities in the size of its endowment. http://www.iuf.indiana.edu/ | |
IU Home Pages
400 E. 7th Street. Bloomington, IN 47405
Phone: (812) 855-6494
Publication date: 15 September 2000
Comments: homepgs@indiana.edu
Copyright 2000, The
Trustees of Indiana University