Gift is among largest ever to the world's first school of philanthropy
Students with financial need will be able to earn degrees in philanthropic studies and pursue the careers of their choice because of a $5 million gift to the Indiana University Lilly Family School of Philanthropy from anonymous donors, Indiana University and the school announced today.
Among the largest gifts ever made to the world's first school of philanthropy, it will help prepare new leaders to serve in philanthropic and nonprofit roles by providing undergraduate and graduate scholarships at the school.
The gift to the Lilly Family School of Philanthropy represents half of a $10 million scholarship gift to Indiana University. The Kelley School of Business also will receive $5 million to create a program that will fund undergraduate scholarships for students with financial need.
"This wonderfully generous gift will support our students' dreams to make a meaningful impact in the lives of others and the world around them," said Amir Pasic, the Eugene R. Tempel Dean of the school. "They will be able to devote themselves to areas where they see the largest need and the best opportunity to make a difference. Additionally, the gift will inspire students to become the philanthropists and leaders of the future. We thank the donors for providing these life-changing opportunities."
The gift is generous in scope, providing support for a semester of study abroad in addition to scholarships equivalent to the cost of tuition and fees, room and board and books, with preference given to students experiencing financial need.
Philanthropy is increasingly global in nature, making the opportunity to study abroad and to understand giving and volunteering from multiple, varying perspectives more important than ever for students seeking careers with nonprofit and philanthropic organizations. The scholarship recipients will witness firsthand the philanthropic theories and practices of other cultures, which will deepen their understanding of the world and better equip them to engage with multicultural global communities domestically and internationally.
Graduates of the Lilly Family School of Philanthropy serve in change-making positions in nonprofit and nongovernmental organizations, corporations and government. Their work helps change lives and communities and influences education, social services, health, arts and culture, animals and the environment and many other endeavors that make a lasting difference.
About the Lilly Family School of Philanthropy
The Indiana University Lilly Family School of Philanthropy is dedicated to improving philanthropy to improve the world by training and empowering students and professionals to be innovators and leaders who create positive and lasting change. The school offers a comprehensive approach to philanthropy through its academic, research and international programs and through The Fund Raising School, Lake Institute on Faith & Giving, and the Women's Philanthropy Institute. Follow us on Twitter or "Like" us on Facebook.
This anonymous gift counts toward the $2.5 billion campaign, For All: The Indiana University Bicentennial Campaign."
For All: The Indiana University Bicentennial Campaign is taking place on all IU-administered campuses including IU Bloomington, IU Indianapolis, IU East, IU Kokomo, IU Northwest, IU South Bend, and IU Southeast. The campaign will conclude in December 2019 to coincide with IU's bicentennial year celebration in 2020. To learn more about the campaign, its impact, and how to participate, please visit forall.iu.edu.
Founded in 1936, the Indiana University Foundation maximizes private support for Indiana University by fostering lifelong relationships with key stakeholders and providing advancement leadership and fundraising services for campuses and units across the university. Today, the IU Foundation oversees one of the largest public university endowments in the country, with a market value in excess of $2.0 billion. In fiscal year 2016, IU received $360.9 million in support from the private sector. IU is consistently ranked among the top four of Big Ten universities in annual voluntary support.