The Indiana State University Foundation has been designated as the receiver and repository of gifts to Indiana State University. The sole function of the Foundation is to promote the welfare of the University. The Foundation has been serving the university since 1928.

 

What does the Foundation do?
The Foundation is the fundraising and friend-raising arm of the university. It engages in development activity, which is another word for fundraising. Stewardship is a Foundation watchword, as we encourage our friends and alumni to benefit the University. The Foundation manages investments which produce income for the University.  It awards scholarships at the direction of our donors. It honors the achievements of our alumni, faculty and staff. It provides tax and estate benefits to our donors.

 

Is the Foundation a component of the ISU?
The Foundation is a non-profit, separately incorporated 501(c)3 organization; and is independent of Indiana State University. Governed by a board of directors; ISU President, Dr. Daniel Bradley, and the President of the Board of Trustees, Ron Carpenter; serve as ex-officio members of the Foundation board to ensure that the interests of ISU and the Foundation are congruent.

 

How is the Foundation funded?
The Foundation is self-supporting and receives no subsidy from ISU. The Foundation earns interest and fees from their investments and other funding mechanisms such as endowments and other gifts. 

 

Is the Alumni Association the same thing as the Foundation?
They are actually separate entities. The Alumni Association is a membership organization made up of alumni and friends of ISU. It receives funding from the University as well as the Foundation; and reports to the President of the Foundation.

 

Where can I see financial information about the Foundation?
Please click on Annual Report to view the Foundation's current financial information.

 

They do sponsor some educational travel opportunities for faculty, as well as some special events.  If you are submitting expense forms to the Foundation for reimbursement, please click on the Policy on Discretionary Funds (a Word document) to complete the necessary paperwork.  After reviewing this policy, if you are interested in applying for funds, please click on and complete the Disbursement Authorization Form (an Excel document).  If you have completed a trip and need to submit expenses, click on the Foundation Travel Form (an Excel document) to complete and return for reimbursement of your travel expenses.