Simic
 Non-governmental research grants also set a record in fiscal 2003: $85.6 million. |
More than $248 million in gifts and grants in fiscal year 2003 placed IU among the top 1.5 percent of all colleges and universities in the nation in the amount of support it receives from the private sector.
IU received $162.7 million in gifts from donors and $85.6 million in research grants from private-sector sources, ranking seventh in the nation among public universities and second in the Big Ten in terms of private-sector support.
The rankings are compiled annually by the Council for Aid to Education; IU has placed in the top 20 in 12 of the last 14 years.
“Donors and grant-makers believe in IU’s academic excellence,” said IU President Adam Herbert. “They know that IU makes, and will continue to make, significant contributions to the state in economic development, medical research, information technology, the arts and humanities and discovery of knowledge.”
“This extraordinary level of private-sector support shows that IU’s contributions are critical to the future vitality of the state and to the quality of life of Hoosiers every day,” Herbert said.
In a year when giving to higher education was flat nationally, IU’s gift total increased by 59 percent. “We know that giving goes up and down from year to year,” said Curt Simic, president of the IU Foundation, “but we look for a trend line that goes up over time. Ten years ago, IU received $49 million in gift support. Our average over the past five years is more than $140 million annually.
“Our increase this past year was due, in part, to very generous support and challenge gifts from the Lilly Endowment to encourage giving from alumni, parents, students, faculty, staff and governing board members,” Simic added. “The members of the IU Foundation’s board of directors alone gave and pledged more than $70 million in the past 10 years. Our board and other volunteers, along with deans and development officers at IU and the IU Foundation, have worked hard to raise gift funds for IU.”
IU had a record 105,977 donors for the giving period.
The non-governmental research grants figure also was a record high. Michael McRobbie, IU vice president for research, said that grant support has increased by nearly 50 percent in the last decade.
For more on the IU Foundation, go to:
http://www.iuf.indiana.edu/
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