The 2007 fiscal year was the third best ever for private fundraising at Indiana University. IU President Michael McRobbie announced earlier this week that the university received $278.5 million in private support during the fiscal year, which came to a close Sept. 30.
$107 million of the total came from non-governmental grants, while $171.5 million was from individual gifts through the IU Foundation and Riley Children’s Foundation. IU Foundation president Curt Simic says FY 2007 was remarkable not just for the number of dollars generated, but for the number of donors.
Simic says the growing donor pool not only indicates a strong financial future for IU as some of those donors begin to contribute larger amounts, but it also indicates broadening political support for the university and its mission.
Looking ahead to FY 2008, Simic says the Foundation will try to expand its E-giving initiative, which he says has been popular with younger alumni but has not been quite as successful as he’d hoped. Simic also says McRobbie’s long-term goals could significantly affect the Foundation’s approach to fundraising in years to come.
IU’s total endowment is about $1.7 billion now, and Simic says those investments returned 21.9 percent in FY 2007. He attributes at least some of the university’s fundraising success to growing confidence among donors that their money is being well managed.