September 26—Indiana University President Michael A. McRobbie announced the launch of the For All: The Indiana University Bicentennial Campaign. With a goal of $2.5 billion and already $1.2 billion raised to date, President McRobbie explained the establishment by Indiana University of a gift matching program for the Bicentennial Campaign. This initiative has been created to offer extra incentive for donors to establish new endowed faculty positions, scholarships, and fellowships. The program also provides a special presidential challenge to encourage faculty and staff to endow and support areas of their choosing.
The leveraging of university funds for such a match has proven very successful in previous campaigns, and it is expected that this new program will again encourage donors to increase the level of their financial support during the current campaign. The Bicentennial Campaign matching program will match the spendable income from new endowments.
The following are details of the matching gift program:
Endowed Faculty Positions
Match: 4.5 percent of the initial value of the endowed position, in perpetuity. Match does not begin until the position is fully funded and creates spendable income.
Eligibility: Bicentennial Chair, Bicentennial Professor, Bicentennial Librarian, Bicentennial Curator, Bicentennial Professor of Practice.
Eligibility: All endowed scholarships of $50,000 or more; and fellowships of $250,000 or more;
Match: 4.5 percent of the initial value of the endowed scholarship/fellowship. Match does not begin until the endowment is fully funded and creates spendable income.
Current and Former Faculty & Staff
Eligibility: All new/named endowments of $25,000+ established by current or former full-time faculty and staff to any part of the university. This is a special challenge funded by the Office of the President to encourage faculty and staff to support the area(s) of their interest and choosing;
Match: 4.5 percent of the initial value of the endowment. Match does not begin until the endowment is fully funded and creates spendable income.
- In all cases, the match will not begin until the funds have been received;
- Pledges must be payable over no more than five years to qualify for the match;
- For life-income gifts, the match will begin upon receipt of the gift to provide an opportunity for the donor to see his or her impact prior to the ultimate distribution of their funds at a later date.
For more information, please contact Katie Prine.
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