INDIANA UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

INDIANA UNIVERSITY FOUNDATION

EIN 35-6018940 · Education (B110)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders68 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.73%of revenue went to mission work89.1% of expenses · Program services

4.74%of revenue went to fundraising5.7% of expenses

$83.84spent for every $100 of revenueRevenue covered expenses this year.

4.37%of revenue went to management and office costs5.2% of expenses

$9.30in assets for every $1 spent this yearSome assets cannot be spent right away.

56.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $585,576 for J THOMAS FORBES (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$598,652,224

Mission workProgram services$447,372,08774.73% of revenue89.1% of expenses

ManagementOffice and general costs$26,177,2924.37% of revenue5.2% of expenses

FundraisingAsking for donations$28,385,4984.74% of revenue5.7% of expenses

Revenue left after expensesReported annual surplus$96,717,34716.16% of revenueShown in gray on the chart

Total expenses$501,934,87783.84% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.1% mission · 5.2% management · 5.7% fundraisingTotal expenses: 83.84% of revenue

2023Expense mix: 81.9% mission · 7.4% management · 10.6% fundraisingTotal expenses: 62.88% of revenue

2022Expense mix: 83.8% mission · 6.7% management · 9.5% fundraisingTotal expenses: 61.27% of revenue

2021Expense mix: 90.5% mission · 4.4% management · 5.2% fundraisingTotal expenses: 78.44% of revenue

2020Expense mix: 85.3% mission · 5.3% management · 9.4% fundraisingTotal expenses: 63.70% of revenue

2019Expense mix: 85.5% mission · 5.3% management · 9.2% fundraisingTotal expenses: 104.28% of revenue

2018Expense mix: 86.1% mission · 5.2% management · 8.6% fundraisingTotal expenses: 77.46% of revenue

2017Expense mix: 87.2% mission · 6.2% management · 6.6% fundraisingTotal expenses: 62.37% of revenue

Money in and money out

Revenue$598,652,224

Expenses$501,934,877

Annual surplus $96,717,347 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$447,372,087 · 89.1% of expenses

Management and office costs$26,177,292 · 5.2% of expenses

Fundraising$28,385,498 · 5.7% of expenses

See all reported dollar amounts

Revenue$598,652,224

Expenses$501,934,877

Assets$4,668,012,589

Income$1,240,181,397

Contributions$335,287,411

Mission work (program services)$447,372,087

Fundraising$28,385,498

Grants given$1,594,415,472

Average grant$56,943,410

Management and general$26,177,292

Stocks and bonds$2,101,347,663

Accounting fees$2,730,936

Investing fees$34,761,145

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

J THOMAS FORBESPRESIDENT AND CEO · 40 hrs/week $585,576Base $511,589 · Other $73,987

D ABE WELDYCO-CIO · 40 hrs/week $526,786Base $440,746 · Other $86,040

JAMES BERGSTROMCO-CIO · 40 hrs/week $521,470Base $435,986 · Other $85,484

JOYCE Q ROGERSEVP FOR DEVELOPMENT · 40 hrs/week $414,356Base $352,024 · Other $62,332

MARY BONKINTERIM EVP FINANCE AND BUS OP, VP PROJECT MANAGEM · 40 hrs/week $341,448Base $288,207 · Other $53,241

PAULA JENKINSVP, PRINCIPAL GIFTS · 40 hrs/week $315,125Base $263,452 · Other $51,673

PHILIPPA GUTHRIEEVP, GEN COUNSEL & SEC. (UNTIL 6/25) · 40 hrs/week $314,649Base $246,263 · Other $68,386

JEFFREY LINDAUERVP, UNIVERSITY ADVANCEMENT · 40 hrs/week $308,923Base $272,224 · Other $36,699

SARAH BEGGSSENIOR VP, ADVANCEMENT SERVICES · 40 hrs/week $304,072Base $237,876 · Other $66,196

CATHERINE MELVINVP, FIN. AND ACCOUNTING (UNTIL 1/25) · 40 hrs/week $298,296Base $224,884 · Other $73,412

JULIE MCFALLSENIOR VP, HUMAN RESOURCES & CULTURE · 40 hrs/week $293,052Base $246,597 · Other $46,455

ELIZABETH FEENYVP OF DEVELOPMENT · 40 hrs/week $291,271Base $231,410 · Other $59,861

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (68)

J THOMAS FORBESPRESIDENT AND CEO

D ABE WELDYCO-CIO

JAMES BERGSTROMCO-CIO

JOYCE Q ROGERSEVP FOR DEVELOPMENT

MARY BONKINTERIM EVP FINANCE AND BUS OP, VP PROJECT MANAGEM

PAULA JENKINSVP, PRINCIPAL GIFTS

PHILIPPA GUTHRIEEVP, GEN COUNSEL & SEC. (UNTIL 6/25)

JEFFREY LINDAUERVP, UNIVERSITY ADVANCEMENT

SARAH BEGGSSENIOR VP, ADVANCEMENT SERVICES

CATHERINE MELVINVP, FIN. AND ACCOUNTING (UNTIL 1/25)

JULIE MCFALLSENIOR VP, HUMAN RESOURCES & CULTURE

ELIZABETH FEENYVP OF DEVELOPMENT

PATRICIA RIVEIRECHIEF ALUMNI OFFICER

JEFFREY D STUMPFFORMER EVP FOR FINANCE & OPERATIONS

NATE FELTMANIUF BOARD DIRECTOR

PAMELA CARTERIUF BOARD DIRECTOR

MICHAEL D SHUMATEIUF BOARD DIRECTOR

MELISSA PROFFITT SCHMIDTIUF BOARD DIRECTOR

PAMELA S WHITTENCHAIRMAN OF THE BOARD

MARYA ROSEIUF BOARD DIRECTOR

MARY BOELKEIUF BOARD DIRECTOR

LOUIS G JORDANVICE CHAIR

KATHRYN R BOOTHIUF BOARD DIRECTOR

LINDA S WATSONIUF BOARD DIRECTOR

PATRICA A MARTINIUF BOARD DIRECTOR

RANDOLPH L SEGERIUF BOARD DIRECTOR

RICHARD E WOOSNAMIUF BOARD DIRECTOR

RICK L JOHNSON JRIUF BOARD DIRECTOR

ROBERT JOHNSONIUF BOARD DIRECTOR

ROBERT L ZERBEIUF BOARD DIRECTOR

RODNEY M MILLER SRIUF BOARD DIRECTOR

ROSE C MAYSIUF BOARD DIRECTOR (UNTIL 2/28/25)

SALLIE JO TARDY MITZELLIUF BOARD DIRECTOR

STEVEN A MARTINASSISTANT CORPORATE SECRETARY

STEVEN L TUCHMANIUF BOARD DIRECTOR

THEODORE D DICKMANIUF BOARD DIRECTOR

VICTOR E RENUARTIUF BOARD DIRECTOR

W MICHAEL WELLSIUF BOARD DIRECTOR

WILLIAM Q BUCKNERIUF BOARD DIRECTOR

GREGG T SUMMERVILLEIUF BOARD DIRECTOR (UNTIL 6/30/25)

ALAN B GRAFIUF BOARD DIRECTOR

ALISA L HENDRIXIUF BOARD DIRECTOR

AMISH SHAHIUF BOARD DIRECTOR

AMY BALCIUSIUF BOARD DIRECTOR

CHENG WUIUF BOARD DIRECTOR (UNTIL 6/30/25)

CHERYL SULLIVANIUF BOARD DIRECTOR

CURTIS A FERGUSONIUF BOARD DIRECTOR

DAVID C EVANSIUF BOARD DIRECTOR (UNTIL 6/30/25)

DAVID H JACOBS JRIUF BOARD DIRECTOR

DENA RAE HANCOCKIUF BOARD DIRECTOR

DERRICK BURKSIUF BOARD DIRECTOR

DONNA SPEARSIUF BOARD DIRECTOR (UNTIL 6/30/25)

FRANK GRAVESIUF BOARD DIRECTOR

GLENN SCOLNIKIUF BOARD DIRECTOR

KRISTIN MAYS-CORBITTIUF BOARD DIRECTOR

JAMES FIELDINGIUF BOARD DIRECTOR

JAMES R HODGEIUF BOARD DIRECTOR

JAMES ROBERT QUIGG IIIIUF BOARD DIRECTOR

JANE M JORGENSENIUF BOARD DIRECTOR

JEFF M FETTIGIUF BOARD DIRECTOR

JOHN FERNANDEZIUF BOARD DIRECTOR

JOHN TIMOTHY MORRISIUF BOARD DIRECTOR

JULIE CHRISTOPHERIUF BOARD DIRECTOR

JULIE DAVISIUF BOARD DIRECTOR

AASIF M BADEIUF BOARD DIRECTOR

KENNETH W KACZMAREKIUF BOARD DIRECTOR/TREASURER

KEVIN GAYIUF BOARD DIRECTOR

KIM I PRESSMANIUF BOARD DIRECTOR

About this charity

Recognized since: January 1938
Location: PO Box 500, Bloomington, IN 47402
County: Monroe
In care of: J Thomas Forbes
Primary officer: J Thomas Forbes, President and CEO

How to reach them

WebsiteVisit the charity’s website Phone(812) 855-8311

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes