IU ranks 21st in nation for Total Voluntary Support

IU received $247.6 million in support from the private sector in the 2009 fiscal year, ranking 21st in the nation for Total Voluntary Support. The money benefited all IU campuses with non-governmental research grant funds.

IU’s ranking dropped from past years because of the normal ups and downs of fundraising as well as the economy’s effect on 2009 giving, said Gene Tempel, president of the IU Foundation.

“We know from research at the IU Center on Philanthropy,” Tempel said in a press release, “that there is a correlation between the stock market and giving and between personal income and giving. Both of those indicators declined in 2008 and 2009.”

IU President Michael McRobbie added that the amount awarded as grants to faculty researches is the second highest in the University’s history.