Quick Overview and Stats
· The Indiana State University Foundation was established in 1928, restructured in 1963, and formed to its current arrangement in 2007.
· The Foundation is responsible for the University's constituent relations and resource development functions which include:
§ Advancement Services
§ Alumni Association
§ African-American Alumni Council
§ Sycamore Athletic Fund
§ Terre Haute REX Baseball
· Primary sources of income are contributions from alumni, parents, other individuals, businesses, corporations, and private foundations.
· Depending upon the wishes of the donors, gifts are categorized as current unrestricted (used by the University where the needs are greatest), current restricted (used in accordance with the desires of the donor), and endowment (principle is invested and the income used in accordance with an agreement with the donor).
ISU Foundation Bylaws and Conflict of Interest Policy
In order to demonstrate Indiana State University Foundation’s commitment to transparency and openness, we believe in making information regarding our policies and governing bylaws available for public view. We believe that we can better serve our donors, alumni and the University by communicating our organizational structure and values.
The first document is the bylaws of the Indiana State University Foundation Board of Directors. As a separately incorporated 501(c)(3) non-profit organization, the bylaws direct the Board in making all decisions related to the work of the Foundation and define the structure and processes of the organization.
The second document is the Conflict of Interest policy. This policy explains how we indentifying and handling potential conflicts of interest involving the Foundation, members of the Board, executive officers and staff when entering into a transaction, contract, or arrangement that might benefit the private interest of the above mentioned parties. This policy is intended to supplement but not replace any applicable laws governing conflicts of interest in nonprofit and charitable organizations.