Since endowments are invested, they create an ongoing, permanent source of funding for faculty and student support, said IU President Myles Brand. A strong endowment base enables IU to attract and retain outstanding faculty. It also allows us to provide scholarships for the nation s brightest graduate and undergraduate students. The campaign was a genuine triumph, and it will enable the university to reach new heights of excellence. The campaign total includes gifts and pledges for endowment, annual support for current spending and non-governmental grants.
Endowments enhance rather than replace state support.
This campaign is remarkable in a number of ways, said Bloomington Chancellor and IU Vice President Kenneth R.R. Gros Louis. According to IU Foundation President Curt Simic, this is, to our knowledge, the highest insider total contributed to any public university campaign to date. Second, every college and school, plus the Art Museum and Athletics, exceeded their individual goals, which is very rare for a comprehensive campaign, added Gros Louis. Finally, this campaign is remarkable for the enormous and enduring effect it is having, and will continue to have, on the Bloomington campus. Most campaigns target specific areas.