IU Foundation reports donations down from 2012 - 13 WTHR Indianapolis

IU Foundation reports donations down from 2012

Updated:
BLOOMINGTON, Ind. -

The Indiana University Foundation says it took in about $42 million less in the past year but that still marked its fourth-best year in fundraising.

The foundation says its nearly $306 million for the 2013 fiscal year included about $153 million from donors and $134 million from non-governmental grants.

The Herald-Times reports the foundation saw its second-best year in the 2012 fiscal year by collecting nearly $348 million. The IU foundation's top fundraising year came in 2008 when it was boosted by large donations from an estate and the Lilly Endowment.

About two-thirds of the foundation's funds are being spent on scholarships and financial aid, faculty support or academic programs.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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