ISU Foundation FAQs

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. Lloyd W. Benjamin III, and the President of the Board of Trustees, Michael W. Alley; 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 exacts fees for managing its endowment, processing gifts, securing gifts, and maintaining the alumni database. 

 

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.