Nonprofit · EIN 35-6018940
INDIANA UNIVERSITY FOUNDATION
Tax-exempt · BLOOMINGTON, IN 47408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $598,652,224 | $501,934,877 | $96,717,347 | $4,668,012,589 | $811,502,297 | $3,856,510,292 |
| June 30, 2024 | 990 | $447,818,816 | $281,606,520 | $166,212,296 | $4,436,783,006 | $779,285,928 | $3,657,497,078 |
| June 30, 2023 | 990 | $426,110,057 | $261,097,805 | $165,012,252 | $4,180,043,938 | $742,594,134 | $3,437,449,804 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $335,287,411
- Program service revenue
- $54,534,654
- Investment income
- $194,380,962
- Royalties
- $112,602
- Net gain from sales of assets
- $41,700,507
- Net income from fundraising events
- $105,018
- Other revenue
- $14,449,197
Expenses
- Grants and similar amounts paid
- $403,572,809
- Compensation of officers, directors and key employees
- $4,250,701
- Other salaries and wages
- $25,115,200
- Salaries, compensation and benefits (total)
- $40,897,543
- Professional fundraising fees
- $0
- Legal fees
- $187,365
- Accounting fees
- $2,730,936
- Occupancy
- $2,079,596
- Travel
- $1,778,114
- Depreciation
- $4,052,235
- Program services (functional)
- $447,372,087
- Management and general (functional)
- $26,177,292
- Fundraising (functional)
- $28,385,498
Balance sheet and other
- Total assets, start of year
- $4,436,783,006
- Total assets, end of year
- $4,668,012,589
- Total liabilities, end of year
- $811,502,297
- Net assets, end of year
- $3,856,510,292
- Land, buildings and equipment
- $112,921,560
- Publicly traded securities
- $2,101,347,663
- Net assets without donor restrictions
- $101,954,845
- Net assets with donor restrictions
- $3,754,555,447
- Gross unrelated business income
- $14,527,746
- Gross receipts
- $1,240,181,397
- Employees
- 378
- Volunteers
- 524
- Year formed
- 1936
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J Thomas Forbes | President and CEO Trustee or director, Officer | 40 | $511,589 | $73,987 |
| D Abe Weldy | Co-CIO Key employee | 40 | $440,746 | $86,040 |
| James Bergstrom | Co-CIO Key employee | 40 | $435,986 | $85,484 |
| Joyce Q Rogers | EVP for Development Key employee | 40 | $352,024 | $62,332 |
| Mary Bonk | Interim EVP Finance and Bus Op, VP Project Managem Key employee | 40 | $288,207 | $53,241 |
| Paula Jenkins | VP, Principal Gifts Highest-paid employee | 40 | $263,452 | $51,673 |
| Philippa Guthrie | EVP, Gen Counsel & Sec. (until 6/25) Officer | 40 | $246,263 | $68,386 |
| Jeffrey Lindauer | VP, University Advancement Highest-paid employee | 40 | $272,224 | $36,699 |
| Sarah Beggs | Senior VP, Advancement Services Key employee | 40 | $237,876 | $66,196 |
| Catherine Melvin | VP, Fin. and Accounting (until 1/25) Highest-paid employee | 40 | $224,884 | $73,412 |
| Julie McFall | Senior VP, Human Resources & Culture Key employee | 40 | $246,597 | $46,455 |
| Elizabeth Feeny | VP of Development Highest-paid employee | 40 | $231,410 | $59,861 |
| Patricia Riveire | Chief Alumni Officer Highest-paid employee | 40 | $219,585 | $69,055 |
| Jeffrey D Stumpf | Former EVP for Finance & Operations Former | 40 | $256,360 | $0 |
| Pamela S Whitten | Chairman of the Board Trustee or director, Officer | 0 | $0 | $0 |
53 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Louis G Jordan | Vice Chair Trustee or director, Officer | 0 | $0 |
| Kenneth W Kaczmarek | IUF Board Director/Treasurer Trustee or director, Officer | 0 | $0 |
| Aasif M Bade | IUF Board Director Trustee or director | 0 | $0 |
| Alan B Graf | IUF Board Director Trustee or director | 0 | $0 |
| Alisa L Hendrix | IUF Board Director Trustee or director | 0 | $0 |
| Amish Shah | IUF Board Director Trustee or director | 0 | $0 |
| Amy Balcius | IUF Board Director Trustee or director | 0 | $0 |
| Cheng Wu | IUF Board Director (until 6/30/25) Trustee or director | 0 | $0 |
| Cheryl Sullivan | IUF Board Director Trustee or director | 0 | $0 |
| Curtis A Ferguson | IUF Board Director Trustee or director | 0 | $0 |
| David C Evans | IUF Board Director (until 6/30/25) Trustee or director | 0 | $0 |
| David H Jacobs Jr | IUF Board Director Trustee or director | 0 | $0 |
| Dena Rae Hancock | IUF Board Director Trustee or director | 0 | $0 |
| Derrick Burks | IUF Board Director Trustee or director | 0 | $0 |
| Donna Spears | IUF Board Director (until 6/30/25) Trustee or director | 0 | $0 |
| Frank Graves | IUF Board Director Trustee or director | 0 | $0 |
| Glenn Scolnik | IUF Board Director Trustee or director | 0 | $0 |
| Gregg T Summerville | IUF Board Director (until 6/30/25) Trustee or director | 0 | $0 |
| James Fielding | IUF Board Director Trustee or director | 0 | $0 |
| James R Hodge | IUF Board Director Trustee or director | 0 | $0 |
| James Robert Quigg III | IUF Board Director Trustee or director | 0 | $0 |
| Jane M Jorgensen | IUF Board Director Trustee or director | 0 | $0 |
| John Fernandez | IUF Board Director Trustee or director | 0 | $0 |
| Jeff M Fettig | IUF Board Director Trustee or director | 0 | $0 |
| John Timothy Morris | IUF Board Director Trustee or director | 0 | $0 |
| Julie Christopher | IUF Board Director Trustee or director | 0 | $0 |
| Julie Davis | IUF Board Director Trustee or director | 0 | $0 |
| Kathryn R Booth | IUF Board Director Trustee or director | 0 | $0 |
| Kevin Gay | IUF Board Director Trustee or director | 0 | $0 |
| Kim I Pressman | IUF Board Director Trustee or director | 0 | $0 |
| Kristin Mays-Corbitt | IUF Board Director Trustee or director | 0 | $0 |
| Linda S Watson | IUF Board Director Trustee or director | 0 | $0 |
| Mary Boelke | IUF Board Director Trustee or director | 0 | $0 |
| Marya Rose | IUF Board Director Trustee or director | 0 | $0 |
| Melissa Proffitt Schmidt | IUF Board Director Trustee or director | 0 | $0 |
| Michael D Shumate | IUF Board Director Trustee or director | 0 | $0 |
| Nate Feltman | IUF Board Director Trustee or director | 0 | $0 |
| Pamela Carter | IUF Board Director Trustee or director | 0 | $0 |
| Patrica A Martin | IUF Board Director Trustee or director | 0 | $0 |
| Randolph L Seger | IUF Board Director Trustee or director | 0 | $0 |
| Richard E Woosnam | IUF Board Director Trustee or director | 0 | $0 |
| Rick L Johnson Jr | IUF Board Director Trustee or director | 0 | $0 |
| Robert Johnson | IUF Board Director Trustee or director | 0 | $0 |
| Robert L Zerbe | IUF Board Director Trustee or director | 0 | $0 |
| Rodney M Miller Sr | IUF Board Director Trustee or director | 0 | $0 |
| Rose C Mays | IUF Board Director (until 2/28/25) Trustee or director | 0 | $0 |
| Sallie Jo Tardy Mitzell | IUF Board Director Trustee or director | 0 | $0 |
| Steven L Tuchman | IUF Board Director Trustee or director | 0 | $0 |
| Theodore D Dickman | IUF Board Director Trustee or director | 0 | $0 |
| Victor E Renuart | IUF Board Director Trustee or director | 0 | $0 |
| W Michael Wells | IUF Board Director Trustee or director | 0 | $0 |
| William Q Buckner | IUF Board Director Trustee or director | 0 | $0 |
| Steven A Martin | Assistant Corporate Secretary Officer | 0 | $0 |
990 for the year ended June 30, 2024: 72 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| D Abe Weldy | Co-CIO Key employee | 40 | $736,336 | $81,865 |
| James Bergstrom | Co-CIO Key employee | 40 | $732,079 | $84,134 |
| Jeffrey D Stumpf | EVP for Finance & Oper. until 10/23 Officer | 40 | $348,202 | $310,667 |
| J Thomas Forbes | President and CEO Trustee or director, Officer | 40 | $484,788 | $73,560 |
| Scott Ryan | Director of Investments Highest-paid employee | 40 | $412,808 | $89,405 |
| Joyce Q Rogers | EVP for Development Officer | 40 | $335,368 | $74,471 |
| Mary Bonk | VP, Adv Proj Mgt, Support & Tech Serv Key employee | 40 | $256,460 | $47,633 |
| Paula Jenkins | VP, Principal Gifts Highest-paid employee | 40 | $257,230 | $46,604 |
| Jeffrey Lindauer | VP, University Advancement Highest-paid employee | 40 | $268,315 | $32,935 |
| Philippa Guthrie | EVP, Gen Counsel & Corp Board Secretary Officer | 40 | $230,134 | $65,148 |
| Julie McFall | Senior VP, Human Resources & Culture Key employee | 40 | $238,677 | $53,117 |
| Sarah Beggs | Chief of Staff & Sr VP, Strat Initiatives Key employee | 40 | $220,177 | $62,492 |
| Elizabeth Feeny | VP of Development Highest-paid employee | 40 | $214,740 | $57,515 |
| Sheila Decker | VP, Administration Highest-paid employee | 40 | $203,648 | $65,233 |
| Pamela S Whitten | Chairman of the Board Trustee or director, Officer | 0 | $0 | $0 |
| Louis G Jordan | Vice Chair Trustee or director, Officer | 0 | $0 | $0 |
| Kim I Pressman | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| Aasif M Bade | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Alan B Graf | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Alisa L Hendrix | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Amish Shah | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Amy Balcius | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Cheng Wu | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Cheryl Sullivan | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Curtis A Ferguson | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Cynthia S Skjodt | IUF Board Director until 2/24 Trustee or director | 0 | $0 | $0 |
| David C Evans | IUF Board Director Trustee or director | 0 | $0 | $0 |
| David H Jacobs Jr | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Dena Rae Hancock | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Derrick Burks | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Donna Spears | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Glenn Scolnik | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Gregg T Summerville | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Isaac P Torres | IUF Board Director until 10/23 Trustee or director | 0 | $0 | $0 |
| James Fielding | IUF Board Director Trustee or director | 0 | $0 | $0 |
| James R Hodge | IUF Board Director Trustee or director | 0 | $0 | $0 |
| James Robert Quigg III | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Jane M Jorgensen | IUF Board Director Trustee or director | 0 | $0 | $0 |
| John Fernandez | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Jeff M Fettig | IUF Board Director Trustee or director | 0 | $0 | $0 |
| John Timothy Morris | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Joseph T Morrow | IUF Board Director until 8/23 Trustee or director | 0 | $0 | $0 |
| Julie Christopher | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Julie Davis | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Kathleen Ligocki | IUF Board Director until 6/24 Trustee or director | 0 | $0 | $0 |
| Kathryn R Booth | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Kenneth W Kaczmarek | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Kevin Gay | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Lacy M Johnson | IUF Board Director until 6/24 Trustee or director | 0 | $0 | $0 |
| Linda S Watson | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Marya Rose | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Melissa Proffitt Schmidt | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Michael D Shumate | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Nate Feltman | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Pamela Carter | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Patrica A Martin | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Randolph L Seger | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Richard C Searles | IUF Board Director until 6/24 Trustee or director | 0 | $0 | $0 |
| Richard E Woosnam | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Rick L Johnson Jr | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Robert Johnson | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Robert L Zerbe | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Rodney M Miller Sr | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Rose C Mays | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Sallie Jo Tardy Mitzell | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Sandra E Laney | IUF Board Director until 8/23 Trustee or director | 0 | $0 | $0 |
| Steven L Tuchman | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Theodore D Dickman | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Victor E Renuart | IUF Board Director Trustee or director | 0 | $0 | $0 |
| W Michael Wells | IUF Board Director Trustee or director | 0 | $0 | $0 |
| William Q Buckner | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Steven A Martin | Assistant Corporate Secretary Officer | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 67 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James Bergstrom | Co-CIO Key employee | 40 | $744,444 | $72,852 |
| D Abe Weldy | Co-CIO Key employee | 40 | $743,871 | $68,402 |
| J Thomas Forbes | President and CEO Trustee or director, Officer | 40 | $466,490 | $67,379 |
| Scott Ryan | Director of Investments Highest-paid employee | 40 | $325,500 | $78,502 |
| Joyce Q Rogers | EVP for Development Officer | 40 | $323,305 | $68,706 |
| Jeffrey D Stumpf | EVP for Finance & Operations Officer | 40 | $321,812 | $62,622 |
| Julie Beth Vipperman | Senior VP, Human Resources & Culture Key employee | 40 | $266,175 | $55,175 |
| Dorothy Metaj | VP Development, Indianapolis Highest-paid employee | 40 | $275,998 | $39,525 |
| Paula Jenkins | VP Development, Bloomington Highest-paid employee | 40 | $250,599 | $46,196 |
| Jeffrey Lindauer | AVP Development Highest-paid employee | 40 | $260,168 | $34,432 |
| Mary Bonk | VP, Adv Proj Mgt, Support & Tech Serv Key employee | 40 | $237,555 | $42,751 |
| Philippa Guthrie | EVP, Gen Counsel & Corp Board Secretary Officer | 40 | $216,027 | $57,088 |
| Sarah Beggs | Chief of Staff & Sr VP, Strat Initiatives Key employee | 40 | $216,405 | $56,578 |
| Sheila Decker | VP, Administration Highest-paid employee | 40 | $200,832 | $61,251 |
| Pamela S Whitten | Chairman of the Board Trustee or director, Officer | 0 | $0 | $0 |
| Kathryn R Booth | Vice Chairman Trustee or director, Officer | 0 | $0 | $0 |
| Kim I Pressman | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| Aasif M Bade | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Alan B Graf | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Alisa L Hendrix | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Amy Balcius | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Cheng Wu | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Curtis A Ferguson | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Cynthia S Skjodt | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Dale Ellen Leff | IUF Board Director Trustee or director | 0 | $0 | $0 |
| David C Evans | IUF Board Director Trustee or director | 0 | $0 | $0 |
| David H Jacobs Jr | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Dena Rae Hancock | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Derrick Burks | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Donna Spears | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Glenn Scolnik | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Gregg T Summerville | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Isaac P Torres | IUF Board Director Trustee or director | 0 | $0 | $0 |
| James Fielding | IUF Board Director Trustee or director | 0 | $0 | $0 |
| James R Hodge | IUF Board Director Trustee or director | 0 | $0 | $0 |
| James Robert Quigg III | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Jane M Jorgensen | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Jeff M Fettig | IUF Board Director Trustee or director | 0 | $0 | $0 |
| John Timothy Morris | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Joseph T Morrow | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Julie Christopher | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Julie Davis | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Kathleen Ligocki | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Kenneth W Kaczmarek | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Lacy M Johnson | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Linda S Watson | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Louis G Jordan | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Melissa Proffitt Schmidt | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Michael D Shumate | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Pamela Carter | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Patrica A Martin | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Randolph L Seger | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Richard C Searles | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Richard E Woosnam | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Rick L Johnson Jr | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Robert Johnson | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Robert L Zerbe | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Rodney M Miller Sr | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Rose C Mays | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Sallie Jo Tardy Mitzell | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Sandra E Laney | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Steven L Tuchman | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Theodore D Dickman | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Victor E Renuart | IUF Board Director Trustee or director | 0 | $0 | $0 |
| W Michael Wells | IUF Board Director Trustee or director | 0 | $0 | $0 |
| William Q Buckner | IUF Board Director Trustee or director | 0 | $0 | $0 |
| Steven A Martin | Assistant Corporate Secretary Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 INDIANA 45 46 BYPASS, BLOOMINGTON, IN 47408-0000
- Principal officer (990 for 2024)
- J Thomas Forbes, PO Box 500, Bloomington, IN 47402
- Signed the 990
- J Thomas Forbes, President and CEO
- Phone
- (812) 855-8311
- Website
- www.iufoundation.iu.edu
- Return prepared by
- RSM US LLP
Mission
The Indiana University Foundation (IUF) maximizes private philanthropic support for Indiana University by fostering lifelong relationships with key stakeholders and providing advancement leadership and fundraising services for (Continued on Schedule O) campuses and units across the university.
Program accomplishments
- Academic & Student Program Support - The IUF provided over $225 million to the University to support academic & student programs. These funds enable dedicated students to develop skills and knowledge for growth and success by offering high-quality, responsive academic and student programs by employing best practices in teaching and learning; adding to the accumulated body of knowledge and creative work; enriching the community through cultural leadership and providing resources for problem solving.Expenses $230,003,891 · grants $225,357,187 · revenue $28,042,343
- Faculty Support and Research - With approximately $80.5 million from IUF, University faculty and staff received additional support allowing for increased research opportunities and improved classroom experiences for all students. Private gift support helps meet the University's goal to attract and retain world-class faculty, which ultimately attracts the best and brightest students. During 2025, the number of endowed faculty positions (chairs, professorships, and fellowships) totaled 595.Expenses $82,225,153 · grants $80,563,981 · revenue $10,024,987
- Student Scholarship and Financial Aid support - Indiana University undergraduate and graduate students received more than $75 million in scholarships, fellowships, and awards from private gift support. Students received scholarship support across all programs and units of the University. With the University seeing record enrollment numbers, private gift support is critical to ensure that all willing students are able to explore their educational opportunities, experience college life, and efficiently manage tuition costs and debt loads. In FY2025, nearly 16,500 scholarships supporting University students were funded by private gift support. See Schedule O for Part III, Line 4c continued. IU and IUF development officers engage prospects with regard to the financial needs of students and are educated about student financial needs.Expenses $76,980,710 · grants $75,425,490 · revenue $9,385,578
- Investment Management The primary investment objective of the IUF's Pooled Long Term Fund asset management program is to achieve an annualized total return (net of fees and expenses), through appreciation and income, equal to or greater than the rate of inflation plus any spending and administrative expenses thus, at a minimum, maintaining the purchasing power of those assets managed by the IUF. The assets are to be managed in a manner that will meet the primary investment objective, and where possible, to seek growth above the objective, while at the same time attempting to limit volatility for year-to-year spending.The IUF has adopted endowment investment and spending policies that attempt to provide a consistent purchasing power of endowment assets. Under this policy, endowment assets are invested in a manner that is intended to yield a long-term rate of return that exceeds the distribution rate, inflation, and administrative fees of the endowment, while assuming a prudent level of investment risk. Actual results may not be sufficient to achieve this over some shorter time frames.Working with top-tier investment managers allows IUF to appropriately diversify our investment portfolio to achieve target returns with less volatility than achieved with traditional investments. Reducing volatility is imperative to those who rely on annual endowment income, such as students receiving renewable scholarships or faculty receiving annual salary support. Over the long term, investment performance has exceeded our targets net of fees to managers.Expenses $35,477,895 · revenue $4,316,033
- Endowment Capital Additions and Facilities - The IUF provided over $22 million to the University in support of new building construction, renovation and equipment needs. State-of-the-art facilities help the University attract high-caliber faculty and students. These facilities provide space, environments, and technologies that promote the highest levels of teaching, learning and research.Expenses $22,684,438 · grants $22,226,151 · revenue $2,765,713
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-6018940
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1938
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $4,668,012,589
- Income (IRS master file)
- $1,240,181,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $598,652,224 | $501,934,877 | $4,668,012,589 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $447,818,816 | $281,606,520 | $4,436,783,006 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $426,110,057 | $261,097,805 | $4,180,043,938 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $496,884,303 | $389,768,635 | $4,146,756,017 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-6018940).
Questions about INDIANA UNIVERSITY FOUNDATION
- What is the EIN of INDIANA UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of INDIANA UNIVERSITY FOUNDATION is 35-6018940.
- Is INDIANA UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to INDIANA UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANA UNIVERSITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANA UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANA UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDIANA UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names J Thomas Forbes.
- Who are the officers and directors of INDIANA UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 68 people; 14 received compensation from the organization, the highest $511,589 (J Thomas Forbes, President and CEO).
- How much revenue does INDIANA UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $598,652,224, expenses of $501,934,877 and total assets of $4,668,012,589 at year end.
Other nonprofits in BLOOMINGTON
- SOUTH CENTRAL COMMUNITY ACTION PROGRAM INC EIN 35-6050163 · last filed 990 for 2024
- KELLEY EXECUTIVE EDUCATION FOUNDATION INC EIN 26-4646019 · last filed 990 for 2025
- BEACON INC EIN 74-3056968 · last filed 990 for 2024
- ASSOCIATION OF COLLEGE UNIONS- INTERNATIONAL EIN 35-1816510 · last filed 990 for 2024
- INDIANA UNIVERSITY RUGBY ADVISORY COUNCIL EIN 99-4876834 · last filed 990 for 2025
- AMERICAN UNIVERSITY CENTRAL ASIA FOUNDATION EIN 20-8850113 · last filed 990 for 2025
- BLOOMINGTON PROJECT SCHOOL INC EIN 26-2228525 · last filed 990 for 2025
- LIGHTHOUSE CHRISTIAN ACADEMY INC EIN 35-1985868 · last filed 990 for 2025