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:
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.
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.
The Foundation is governed by a
board of directors. Board members are chosen for their professional expertise and support of the university. The current 15 member board is lead by Richard Caruso ’83, president, Terry Dunlap ’81, vice president, and Tim Kronenwetter, treasurer/secretary. Click the link above for a brief bio on the current board members. Along with elected board members there is an advisory member: Thomas Curtiss, Jr., and Betsy Lauber serves as the executive director of the Foundation.
The official registration and financial information of the Foundation for Indiana University of Pennsylvania may be obtained from the Pennsylvania Department of State by calling 800-732-0999 (toll free in state) or 717-783-1720. Registration does not imply endorsement.
The Foundation for IUP is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code of 1954, as amended. Gifts made to the Foundation are deductible as charitable contributions under Section 170 of the Internal Revenue Code.
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