About Indiana University Foundation
The Indiana University Foundation solicits tax-deductible private contributions for the benefit of Indiana University. Together with the Indiana University Alumni Association, it brings engagement and philanthropy together to connect people with the opportunities and experiences that make IU meaningful and help shape the university's future.
Focus Areas
Higher educationScholarships and fellowshipsStudent supportResearch and innovationCommunity strengthening
Who They Fund
higher education students (scholarship recipients)college and university faculty/researchershigher education institutions (colleges, universities)
Funding Style
direct student support (scholarships/financial aid)faculty capacity and research funding
About Indiana University Foundation
Indiana University Foundation’s recent grantmaking is built around Indiana University itself: eight of the largest grants on file all went to Indiana University in Bloomington, with awards covering academic and student program support, student scholarship and financial aid, faculty support and research, and endowment and capital additions. That pattern shows a funder centered on strengthening the university’s core teaching, research, and student experience rather than dispersing support across many institutions. The foundation’s largest reported grant was $195,508,404 in 2023 for academic and student program support. Other major awards included $60,290,364 in 2024 for student scholarship and financial aid and $53,801,311 in 2024 for faculty support and research. These figures sit alongside additional support for the same university in 2023 and 2024, suggesting a sustained, high-dollar commitment to Indiana University’s operating and long-term needs. Beyond those institutional awards, Indiana University Foundation also administers scholarship and leadership-giving programs that connect donors with student support and campus priorities. The foundation’s public-facing programs include scholarships, women’s philanthropy grants, and leadership giving circles tied to Indiana University communities.
What Indiana University Foundation Funds
Student aid is a major part of the foundation’s work. In 2024, it gave $60,290,364 to Indiana University for student scholarship and financial aid, and in 2023 it gave $59,610,765 for the same purpose. Its scholarship pages also point to merit-based and need-based awards administered through the foundation. Faculty and research support is another clear priority. Indiana University received $53,801,311 in 2024 for faculty support and research, following a $49,649,415 award in 2023 for the same area. The foundation also supports academic and student program development. Indiana University received $47,914,482 in 2024 for academic and student program support, and $195,508,404 in 2023 for the same category. Separate public programs include Women’s Philanthropy Grants and WPLC Grants, which support education, student support, community impact, and leadership initiatives.
How Indiana University Foundation Gives
The reported grant-size distribution is very large: p25 is $40,986,927, median is $51,725,363, and p75 is $59,780,665. That points to a grantmaker that operates at institutional scale, with most reported awards far above typical small-foundation levels. The pattern is also recurring. Indiana University appears across multiple years and in several program categories, including 2023 and 2024 awards for scholarship, faculty research, academic programming, and endowment or capital additions. The foundation is a regular funder rather than a DAF, does not fund individuals, and does not make program-related investments. Public programs include unsolicited scholarship and Women’s Philanthropy grant opportunities, alongside some leadership-giving programs that are not open to unsolicited applications.
Financial Snapshot
Annual Giving
$403.6M
Total Assets
$4.7B
Total Revenue
$598.7M
Total Expenses
$501.9M
Typical Grant Size
Most grants fall between $41M and $59.8M, with a median of $51.7M.
25th Percentile
$41M
Median
$51.7M
75th Percentile
$59.8M
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
Leadership
J Thomas Forbes
Accepts unsolicited proposals
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