Researchers of Million Dollar List for the Center on Philanthropy at IU say charitable giving fell from $2 billion in 2007 to just $250 million in 2011.
Hedge fund manager and alumnus James Hodge also donated $15-million to the $60-million renovation and will have the building named in his honor.
Bloomington is the first stop for a traveling exhibit focusing on how African-Americans have influenced popular music.