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: Verified by RoundPaper

FY 2024

Verified NonprofitLast Filed 2024EIN 23-7073977

Ivy Tech Foundation Inc

INDIANAPOLIS, INNTEE: B114Founded 1969Website

mission statement

To receive, hold, invest and administer property; and to solicit and receive contributions; to make expenditures to or for the benefit of ivy tech community college.

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Total Revenue

$40.3M

FY 2024

Program Spending

88.2%

of total expenses

Known Funders

211

2019–2024 filings

Key Metrics (FY 2024)

The Numbers

$165.5M

Total Assets

$164.1M net

64.41 mo

Operating Reserves

FY 2024

+75%

Revenue Growth

YoY

Sector

NTEE B114

Funding Track Record

Backed by 211 Institutional Funders

$93.6M raised across 576 grants · +$11.4M committed (2019–2024 filings)

Funder Geography

Funders across 30 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Lilly Endowment Inc	INDIANAPOLIS, IN	$38,764,221 +$6,000,000 committed
Indiana University Health Inc	INDIANAPOLIS, IN	$8,750,000
Community Health Network Inc	INDIANAPOLIS, IN	$6,900,000
North Central Health Services Inc	WEST LAFAYETTE, IN	$2,912,552
Central Indiana Community Foundation Inc	INDIANAPOLIS, IN	$2,744,233
The Garatoni-Smith Family Foundation	MISHAWAKA, IN	$2,686,500
Baptist Healthcare System Inc	Louisville, KY	$2,523,000
Fulk Family Foundation Inc	Chicago, IL	$2,474,000
George and Frances Ball Foundation	MUNCIE, IN	$1,701,000 +$97,950 committed
University of Notre Dame du Lac	Notre Dame, IN	$1,303,293

Total tracked: $93,627,931 across 576 grants · +$11,411,326 committed across 21 commitments (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2024)

What They Do

$6.6M in expenses

The ivy tech foundation provides scholarships, grants, and financial support to assist ivy tech students with tuition, educational related expenses, and non-tuition barriers. Awards are based on academic achievement and financial aid. The ivy tech foundation is responsible for soliciting and receiving the contributions, as well as administering and distributing the donations to the college for student support.

$3.7M in expenses

The ivy tech foundation provides funds to support the operation, maintenance, and improvement of college facilities and real estate in indiana. This includes classrooms, research laboratories, instructional supplies, dining halls, and athletic facilities. These activities ensure a safe, accessible, and well-equipped environment that supports the institution's educational mission and student development.

$8.2M in expenses

The ivy tech foundation makes sub-awards to ivy tech community college to carry out educational and research projects to support students, faculty, and programs. These sub-awards fund activities such as curriculum development, student research opportunities, and campus improvement initiatives that enhance educational outcomes. The sub-awards provide support for special and innovative programs.

$8.5M in expenses

Helping fund other program expenditures for ivy tech community college of indiana, including faculty and staff development, employee recognition, and community outreach expenditures.

Financial History