By law, the Foundation is able to keep confidential gift records, wills , trust agreements, correspondence, and other higher personal documents relating to gifts.
Laws mandate that records and meetings of state institutions be open to the public.
Return on investment. State statutes limit how state institutions can invest their funds. The Foundation, subject to different, but equally stringent, rules and regulations, can realize a significantly higher return on the endowment . In fact, IU contracts with the Foundation to manage a portion of its investments. Indiana University prepares budgets two years in advance and has limited discretionary funds.