FOUNDATION FOR INDIANA UNIVERSITY OF PENNSYLVANIA
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Mission Statement
Charitable organization established to accept donations on behalf of Indiana University of Pennsylvania
About This Cause
The Foundation for IUP is an independent, nonprofit, charitable 501(c)3 corporation, organized in 1967 to promote and support the educational purposes of IUP. The purpose of the Foundation, as stated in its charter, is as follows: “To promote educational purposes in connection with or at the request of the university by encouraging, sponsoring, and aiding institutional goals; by furthering education and learning in the arts and sciences and the pursuits and professions of life; by making gifts, scholarships, by providing other support for the accomplishment of university objectives; by seeking, acquiring, holding, and using gifts, bequests, devises, endowments to meet the needs of IUP; by acquiring or otherwise providing buildings, grounds, or other suitable facilities, improvements or equipment for IUP…” The Foundation acts as the repository for private financial support and has fiduciary and legal responsibilities for the management, investment, and disbursement of the funds and for the conduct of all the organization’s affairs. Currently the Foundation manages nearly $300 million in assets, approximately $50 million in endowed funds and $250 million in real estate. The Foundation also accepts and maintains ownership of nonfinancial gifts such as objects of art.