The reward is being offered for information that leads to the arrest and conviction of the person or persons responsible.
The 5-year-old female crane was found dead near the Goose Pond State Fish and Wildlife Area, apparently killed by a high-powered rifle.
Officials say most hunters follow the rules, but will try to use a cash incentive to catch those who don't.
Governor Daniels said public servants deserve the extra money after reining in the state budget and coming up with a larger than expected surplus.
IU officials confirm that a donation of $50,000 will be given to the Spierer family.