Indiana University Foundation
Bloomington, IN · EIN 35-6018940 · Education · Rank 1,121 by total revenue
To maximize private philanthropic support for Indiana University
Money, Form 990 for tax year 2024
- Total revenue
- $598,652,224
- Total expenses
- $501,934,877
- Total assets
- $4,668,012,589
- Salary base (all salaries and wages)
- $29,365,901
- Salaries, other pay and benefits
- $40,897,543
- Employees
- 378
- Salary base per employee
- $77,688
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (62)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| J Thomas Forbes | President and CEO | Board, Officer | 40 | $585,576 |
| Philippa Guthrie | EVP, Gen Counsel & Sec. (until 6/25) | Officer | 40 | $314,649 |
| Pamela S Whitten | Chairman of the Board | Board, Officer | 0 | None reported |
| Louis G Jordan | Vice Chair | Board, Officer | 0 | None reported |
| Kenneth W Kaczmarek | IUF Board Director/Treasurer | Board, Officer | 0 | None reported |
| Steven A Martin | Assistant Corporate Secretary | Officer | 0 | None reported |
| D Abe Weldy | Co-CIO | Key employee | 40 | $526,786 |
| James Bergstrom | Co-CIO | Key employee | 40 | $521,470 |
| Joyce Q Rogers | EVP for Development | Key employee | 40 | $414,356 |
| Mary Bonk | Interim EVP Finance and Bus Op, VP Project Managem | Key employee | 40 | $341,448 |
| Sarah Beggs | Senior VP, Advancement Services | Key employee | 40 | $304,072 |
| Julie McFall | Senior VP, Human Resources & Culture | Key employee | 40 | $293,052 |
| Aasif M Bade | IUF Board Director | Board | 0 | None reported |
| Alan B Graf | IUF Board Director | Board | 0 | None reported |
| Alisa L Hendrix | IUF Board Director | Board | 0 | None reported |
| Amish Shah | IUF Board Director | Board | 0 | None reported |
| Amy Balcius | IUF Board Director | Board | 0 | None reported |
| Cheng Wu | IUF Board Director (until 6/30/25) | Board | 0 | None reported |
| Cheryl Sullivan | IUF Board Director | Board | 0 | None reported |
| Curtis A Ferguson | IUF Board Director | Board | 0 | None reported |
| David C Evans | IUF Board Director (until 6/30/25) | Board | 0 | None reported |
| David H Jacobs Jr | IUF Board Director | Board | 0 | None reported |
| Dena Rae Hancock | IUF Board Director | Board | 0 | None reported |
| Derrick Burks | IUF Board Director | Board | 0 | None reported |
| Donna Spears | IUF Board Director (until 6/30/25) | Board | 0 | None reported |
| Frank Graves | IUF Board Director | Board | 0 | None reported |
| Glenn Scolnik | IUF Board Director | Board | 0 | None reported |
| Gregg T Summerville | IUF Board Director (until 6/30/25) | Board | 0 | None reported |
| James Fielding | IUF Board Director | Board | 0 | None reported |
| James R Hodge | IUF Board Director | Board | 0 | None reported |
| James Robert Quigg III | IUF Board Director | Board | 0 | None reported |
| Jane M Jorgensen | IUF Board Director | Board | 0 | None reported |
| John Fernandez | IUF Board Director | Board | 0 | None reported |
| Jeff M Fettig | IUF Board Director | Board | 0 | None reported |
| John Timothy Morris | IUF Board Director | Board | 0 | None reported |
| Julie Christopher | IUF Board Director | Board | 0 | None reported |
| Julie Davis | IUF Board Director | Board | 0 | None reported |
| Kathryn R Booth | IUF Board Director | Board | 0 | None reported |
| Kevin Gay | IUF Board Director | Board | 0 | None reported |
| Kim I Pressman | IUF Board Director | Board | 0 | None reported |
| Kristin Mays-Corbitt | IUF Board Director | Board | 0 | None reported |
| Linda S Watson | IUF Board Director | Board | 0 | None reported |
| Mary Boelke | IUF Board Director | Board | 0 | None reported |
| Marya Rose | IUF Board Director | Board | 0 | None reported |
| Melissa Proffitt Schmidt | IUF Board Director | Board | 0 | None reported |
| Michael D Shumate | IUF Board Director | Board | 0 | None reported |
| Nate Feltman | IUF Board Director | Board | 0 | None reported |
| Pamela Carter | IUF Board Director | Board | 0 | None reported |
| Patrica A Martin | IUF Board Director | Board | 0 | None reported |
| Randolph L Seger | IUF Board Director | Board | 0 | None reported |
| Richard E Woosnam | IUF Board Director | Board | 0 | None reported |
| Rick L Johnson Jr | IUF Board Director | Board | 0 | None reported |
| Robert Johnson | IUF Board Director | Board | 0 | None reported |
| Robert L Zerbe | IUF Board Director | Board | 0 | None reported |
| Rodney M Miller Sr | IUF Board Director | Board | 0 | None reported |
| Rose C Mays | IUF Board Director (until 2/28/25) | Board | 0 | None reported |
| Sallie Jo Tardy Mitzell | IUF Board Director | Board | 0 | None reported |
| Steven L Tuchman | IUF Board Director | Board | 0 | None reported |
| Theodore D Dickman | IUF Board Director | Board | 0 | None reported |
| Victor E Renuart | IUF Board Director | Board | 0 | None reported |
| W Michael Wells | IUF Board Director | Board | 0 | None reported |
| William Q Buckner | IUF Board Director | Board | 0 | None reported |
Top 10 paid people listed
These 10 people received $3,930,701, which is 13.4% of the $29,365,901 salary base shared by 378 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| J Thomas Forbes | President and CEO | Board, Officer | 40 | $511,589 | $0 | $73,987 | $585,576 |
| D Abe Weldy | Co-CIO | Key employee | 40 | $440,746 | $0 | $86,040 | $526,786 |
| James Bergstrom | Co-CIO | Key employee | 40 | $435,986 | $0 | $85,484 | $521,470 |
| Joyce Q Rogers | EVP for Development | Key employee | 40 | $352,024 | $0 | $62,332 | $414,356 |
| Mary Bonk | Interim EVP Finance and Bus Op, VP Project Managem | Key employee | 40 | $288,207 | $0 | $53,241 | $341,448 |
| Paula Jenkins | VP, Principal Gifts | Highly paid employee | 40 | $263,452 | $0 | $51,673 | $315,125 |
| Philippa Guthrie | EVP, Gen Counsel & Sec. (until 6/25) | Officer | 40 | $246,263 | $0 | $68,386 | $314,649 |
| Jeffrey Lindauer | VP, University Advancement | Highly paid employee | 40 | $272,224 | $0 | $36,699 | $308,923 |
| Sarah Beggs | Senior VP, Advancement Services | Key employee | 40 | $237,876 | $0 | $66,196 | $304,072 |
| Catherine Melvin | VP, Fin. and Accounting (until 1/25) | Highly paid employee | 40 | $224,884 | $0 | $73,412 | $298,296 |
Sources
- IRS e-file return 202611329349300021 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 35-6018940
- Organization website (as filed): www.iufoundation.iu.edu