The Ball State University Foundation manages the residual assets of $198 million representing endowments and available resources for the university and its students.
Since the creation of the foundation in 1951, contributions by donors now exceed a total of $288 million. To this, the foundation has added almost $100 million in investment earnings, creating a pool of financial support that has provided more than $188 million for university scholarships, programs, and facilities.
The foundation’s assets are invested in a well-diversified portfolio seeking superior returns with a prudent level of risk. Investment returns for the last three years have reached 19.2 percent, 13.6 percent, and 14.8 percent, ranking the foundation highly against its peers.
Alumni and friends of Ball State made total contributions of more than $37 million in fiscal year 2006, including a $20 million grant from Lilly Endowment Inc. Permanently restricted contributions to the endowment exceeded $4.5 million. Including the Lilly Endowment grant, the Ball State University Foundation provided $31.7 million in support of the university.
The foundation processes more than 34,000 donor gifts per year.
For more information, check out the 2006 Foundation Annual Report (PDF).
Source: Advancement Services