IU ranks 9th in private sector fundraising

A recent report by the Council for Aid to Education listed IU as ninth in the nation in private sector funding for all colleges and universities. The $301 million in donations from private sources in 2005 put IU at second in the Big Ten and second highest for all public universities.\n"This is a clear reflection of the respect and affection our friends and alumni have for this special institution," IU President Adam Herbert said in a press release. "It will enable us to advance further the frontiers of knowledge, provide IU students with the best education possible and discover new ways to solve the problems that make life difficult for so many of our fellow citizens."\nThe IU Foundation gave $150.8 million in gifts, while $123.9 million came from nongovernmental research grants and Riley Children's Hospital donated $26.3 million.\nIU Provost Michael McRobbie said the nongovernmental research grants are important because they fund some of IU's leading research programs.\n"This is a testament to the work of IU's faculty, whose reputation for excellence is attracting support at record levels," McRobbie said.\nThe money from the Riley Children's Foundation came from Riley Hospital for Children, from a partner through the IU School of Medicine and from one of the IU hospitals.\n"Riley Children's Foundation is privileged to represent to donors the opportunities to advance world-class research, facilities and clinical care at Riley for the benefit of Indiana children and children throughout the world," said Kevin O'Keefe, president and chief executive officer of Riley Children's Foundation, in the press release.\nIU also received record donations from individuals. The IU Jacobs School of Music received $40.6 million from Barbara Jacobs, an active member of the IU Foundation, and $25 million worth of land from William J. Godfrey, an alumnus and businessman.\nThe largest donation IU received was an anonymous donation of $70 million.\nBarbara Jacobs' $40.6 million donation to the music school was the 26th largest charitable donation to any organization in the United States, and William J. Godfrey's $25 million donation to the business school was the 47th largest.\nSeveral other Big Ten schools were listed in the top 20 for private sector funding in 2005. Wisconsin was second in the nation in private sector funding and first in the Big Ten, with more than $595 million in donations received. Minnesota was 14th with $265 million. Michigan and Ohio State were also in the top 20 with $251 and $204 million in donations, respectively.