2026-05-12T08:26:22-05:00 2025-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2024-07-01 356018940 Indiana University Foundation INDI 8128558311 PO Box 500 Bloomington IN 47402 J Thomas Forbes President and CEO 8128558311 2026-05-10 1 1 Rebekuh Eley P01247672 3126343400 2026-05-10 2024 2025-03-06 01:10:19Z J Thomas Forbes PO Box 500 Bloomington IN 47402 1240181397 0 X www.iufoundation.iu.edu X 1936 IN To maximize private philanthropic support for Indiana University 49 48 378 524 14527746 3768177 185574538 335287411 51618760 54534654 182839240 194380962 27786278 14449197 447818816 598652224 190228298 403572809 0 0 37275096 40897543 0 0 28385498 54103126 57464525 281606520 501934877 166212296 96717347 4436783006 4668012589 779285928 811502297 3657497078 3856510292 X The Indiana University Foundation (IUF) maximizes private philanthropic support for Indiana University by fostering lifelong relationships with key stakeholders and providing advancement leadership and fundraising services for (Continued on Schedule O) campuses and units across the university. 0 0 230003891 225357187 28042343 Academic & Student Program Support - The IUF provided over $225 million to the University to support academic & student programs. These funds enable dedicated students to develop skills and knowledge for growth and success by offering high-quality, responsive academic and student programs by employing best practices in teaching and learning; adding to the accumulated body of knowledge and creative work; enriching the community through cultural leadership and providing resources for problem solving. 82225153 80563981 10024987 Faculty Support and Research - With approximately $80.5 million from IUF, University faculty and staff received additional support allowing for increased research opportunities and improved classroom experiences for all students. Private gift support helps meet the University's goal to attract and retain world-class faculty, which ultimately attracts the best and brightest students. During 2025, the number of endowed faculty positions (chairs, professorships, and fellowships) totaled 595. 76980710 75425490 9385578 Student Scholarship and Financial Aid support - Indiana University undergraduate and graduate students received more than $75 million in scholarships, fellowships, and awards from private gift support. Students received scholarship support across all programs and units of the University. With the University seeing record enrollment numbers, private gift support is critical to ensure that all willing students are able to explore their educational opportunities, experience college life, and efficiently manage tuition costs and debt loads. In FY2025, nearly 16,500 scholarships supporting University students were funded by private gift support. See Schedule O for Part III, Line 4c continued. IU and IUF development officers engage prospects with regard to the financial needs of students and are educated about student financial needs. 35477895 4316033 Investment Management The primary investment objective of the IUF's Pooled Long Term Fund asset management program is to achieve an annualized total return (net of fees and expenses), through appreciation and income, equal to or greater than the rate of inflation plus any spending and administrative expenses thus, at a minimum, maintaining the purchasing power of those assets managed by the IUF. The assets are to be managed in a manner that will meet the primary investment objective, and where possible, to seek growth above the objective, while at the same time attempting to limit volatility for year-to-year spending.The IUF has adopted endowment investment and spending policies that attempt to provide a consistent purchasing power of endowment assets. Under this policy, endowment assets are invested in a manner that is intended to yield a long-term rate of return that exceeds the distribution rate, inflation, and administrative fees of the endowment, while assuming a prudent level of investment risk. Actual results may not be sufficient to achieve this over some shorter time frames.Working with top-tier investment managers allows IUF to appropriately diversify our investment portfolio to achieve target returns with less volatility than achieved with traditional investments. Reducing volatility is imperative to those who rely on annual endowment income, such as students receiving renewable scholarships or faculty receiving annual salary support. Over the long term, investment performance has exceeded our targets net of fees to managers. 22684438 22226151 2765713 Endowment Capital Additions and Facilities - The IUF provided over $22 million to the University in support of new building construction, renovation and equipment needs. State-of-the-art facilities help the University attract high-caliber faculty and students. These facilities provide space, environments, and technologies that promote the highest levels of teaching, learning and research. 58162333 22226151 7081746 447372087 1 1 0 0 0 0 1 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 1 147 0 1 378 1 1 1 0 0 0 0 1 1 1 5 0 0 0 0 0 X 49 48 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CA CO DC KY MA MD ME MI MN NH NJ NY OH OR SC UT WA WV WI NV IN OK X X Kenneth Robertson 8128556172 PO Box 500 Bloomington IN 47402 J Thomas Forbes President and CEO 40.00 X X 511589 0 73987 Pamela S Whitten Chairman of the Board 0.00 X X 0 0 0 Louis G Jordan Vice Chair 0.00 X X 0 0 0 Kenneth W Kaczmarek IUF Board Director/Treasurer 0.00 X X 0 0 0 Aasif M Bade IUF Board Director 0.00 X 0 0 0 Alan B Graf IUF Board Director 0.00 X 0 0 0 Alisa L Hendrix IUF Board Director 0.00 X 0 0 0 Amish Shah IUF Board Director 0.00 X 0 0 0 Amy Balcius IUF Board Director 0.00 X 0 0 0 Cheng Wu IUF Board Director (until 6/30/25) 0.00 X 0 0 0 Cheryl Sullivan IUF Board Director 0.00 X 0 0 0 Curtis A Ferguson IUF Board Director 0.00 X 0 0 0 David C Evans IUF Board Director (until 6/30/25) 0.00 X 0 0 0 David H Jacobs Jr IUF Board Director 0.00 X 0 0 0 Dena Rae Hancock IUF Board Director 0.00 X 0 0 0 Derrick Burks IUF Board Director 0.00 X 0 0 0 Donna Spears IUF Board Director (until 6/30/25) 0.00 X 0 0 0 Frank Graves IUF Board Director 0.00 X 0 0 0 Glenn Scolnik IUF Board Director 0.00 X 0 0 0 Gregg T Summerville IUF Board Director (until 6/30/25) 0.00 X 0 0 0 James Fielding IUF Board Director 0.00 X 0 0 0 James R Hodge IUF Board Director 0.00 X 0 0 0 James Robert Quigg III IUF Board Director 0.00 X 0 0 0 Jane M Jorgensen IUF Board Director 0.00 X 0 0 0 John Fernandez IUF Board Director 0.00 X 0 0 0 Jeff M Fettig IUF Board Director 0.00 X 0 0 0 John Timothy Morris IUF Board Director 0.00 X 0 0 0 Julie Christopher IUF Board Director 0.00 X 0 0 0 Julie Davis IUF Board Director 0.00 X 0 0 0 Kathryn R Booth IUF Board Director 0.00 X 0 0 0 Kevin Gay IUF Board Director 0.00 X 0 0 0 Kim I Pressman IUF Board Director 0.00 X 0 0 0 Kristin Mays-Corbitt IUF Board Director 0.00 X 0 0 0 Linda S Watson IUF Board Director 0.00 X 0 0 0 Mary Boelke IUF Board Director 0.00 X 0 0 0 Marya Rose IUF Board Director 0.00 X 0 0 0 Melissa Proffitt Schmidt IUF Board Director 0.00 X 0 0 0 Michael D Shumate IUF Board Director 0.00 X 0 0 0 Nate Feltman IUF Board Director 0.00 X 0 0 0 Pamela Carter IUF Board Director 0.00 X 0 0 0 Patrica A Martin IUF Board Director 0.00 X 0 0 0 Randolph L Seger IUF Board Director 0.00 X 0 0 0 Richard E Woosnam IUF Board Director 0.00 X 0 0 0 Rick L Johnson Jr IUF Board Director 0.00 X 0 0 0 Robert Johnson IUF Board Director 0.00 X 0 0 0 Robert L Zerbe IUF Board Director 0.00 X 0 0 0 Rodney M Miller Sr IUF Board Director 0.00 X 0 0 0 Rose C Mays IUF Board Director (until 2/28/25) 0.00 X 0 0 0 Sallie Jo Tardy Mitzell IUF Board Director 0.00 X 0 0 0 Steven L Tuchman IUF Board Director 0.00 X 0 0 0 Theodore D Dickman IUF Board Director 0.00 X 0 0 0 Victor E Renuart IUF Board Director 0.00 X 0 0 0 W Michael Wells IUF Board Director 0.00 X 0 0 0 William Q Buckner IUF Board Director 0.00 X 0 0 0 Philippa Guthrie EVP, Gen Counsel & Sec. (until 6/25) 40.00 X 246263 0 68386 Steven A Martin Assistant Corporate Secretary 0.00 X 0 0 0 Mary Bonk Interim EVP Finance and Bus Op, VP Project Managem 40.00 X 288207 0 53241 James Bergstrom Co-CIO 40.00 X 435986 0 85484 D Abe Weldy Co-CIO 40.00 X 440746 0 86040 Sarah Beggs Senior VP, Advancement Services 40.00 X 237876 0 66196 Julie McFall Senior VP, Human Resources & Culture 40.00 X 246597 0 46455 Joyce Q Rogers EVP for Development 40.00 X 352024 0 62332 Jeffrey Lindauer VP, University Advancement 40.00 X 272224 0 36699 Paula Jenkins VP, Principal Gifts 40.00 X 263452 0 51673 Elizabeth Feeny VP of Development 40.00 X 231410 0 59861 Catherine Melvin VP, Fin. and Accounting (until 1/25) 40.00 X 224884 0 73412 Patricia Riveire Chief Alumni Officer 40.00 X 219585 0 69055 Jeffrey D Stumpf Former EVP for Finance & Operations 40.00 X 256360 0 0 4227203 0 832821 131 1 1 0 Kensington Vanguard National 41 Madison Avenue 21st Floor New York NY 10010 Real Estate Services 1050000 Cambridge Associates LLC PO Box 412015 Boston MA 022412015 Investment Management 895000 Champlain Investment Partners LLC 180 Battery Street Burlington VT 05401 Investment Management 786076 Hylant Group PO Box 88145 Carol Stream IL 601888145 Insurance Services 759367 Snyder Capital Management LP 101 Mission Street San Francisco CA 94105 Investment Management 689227 16 335287411 26647253 335287411 Management Fees 900099 34790836 34790836 Real Estate 900099 8355469 8301925 53544 Development SV Support 900099 2651637 2651637 Admin Services 561000 1591008 1591008 Events and Conferences 900099 302249 302249 6843455 6843455 54534654 152680455 152680455 112602 112602 682376993 220746 639446312 1450920 42930681 -1230174 41700507 41700507 736959 631941 105018 105018 Income/Loss from K-1's 525990 12883194 12883194 Life Insurance Proceed 900099 1259883 1259883 Sponsorship 900099 88500 88500 14231577 598652224 52890102 14527746 195946965 403555809 403555809 17000 17000 4250701 1838053 2412648 25115200 2700554 11213476 11201170 3037270 941554 2095716 6397966 731181 1557686 4109099 2096406 649886 1446520 187365 96736 71282 19347 2730936 265237 1304480 1161219 34761145 34761145 893526 286847 437174 169505 1506468 3844 947586 555038 2798300 18336 863381 1916583 2079596 410314 1214939 454343 1778114 285057 522262 970795 442275 5 259821 182449 4597403 323353 3077316 1196734 4052235 3270196 563068 218971 542779 226473 226055 90251 Training & Recruitment 631318 460758 170560 463065 420000 28515 14550 501934877 447372087 26177292 28385498 158642090 144115104 220246389 197317128 27009853 26011982 154262821 41341261 97671961 112921560 1841922605 2101347663 2090287294 2085438685 1002814 860467 4436783006 4668012589 19109238 16554222 563224593 599788804 149216198 149244874 47735899 45914397 779285928 811502297 X 63419151 101954845 3594077927 3754555447 3657497078 3856510292 4436783006 4668012589 X 96717347 115631154 -13335287 X 0 1 X 1 0 X 176613027 198920246 147081243 185574538 335287411 1043476465 176613027 198920246 147081243 185574538 335287411 1043476465 3544102 1039932363 30101721 114122792 129801474 150423786 152793057 577242830 36336 268141 6218386 3873195 10396058 2543829 715687 615807 1013259 1348383 6236965 1637352318 232003220 0.63510 0.66220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.00 1 1 0 1 0 100.00 14040 0 0 1 X 3285520521 131269194 249606616 185195410 3481200921 3067951298 143809985 199764254 126005016 3285520521 3029837600 91879687 64148466 117914455 3067951298 3001200803 107127991 11767259 90258453 3029837600 2185288413 142524070 771579535 98191215 3001200803 0.03000 0.69700 0.27300 0 0 20321366 65983456 86304822 60399780 37944034 22455746 5162193 2410923 2751270 2396026 986304 1409722 112921560 Institutional Funds, Cash and Equiv & Commercial Paper 19161279 F Private Investments 2050126164 F Beneficial Interest in Irrevocable Trusts 16151242 F 2085438685 Split Interest Agreement Obligation 42012613 Due to Brokers 3041317 Lease Liability 860467 45914397 X 668049061 120766575 3165594 123932169 544116892 34761145 19774187 54535332 598652224 469035847 1862115 1862115 467173732 34761145 34761145 501934877 Part II, Line 9: Within the balance sheet, conservation easements are held as assets and recorded at fair value as part of property assets. Within the statement of activities, ongoing costs to monitor or enforce easements are reported as program service expenses in the year incurred. Part IV, Line 2b: The Foundation invests and administers net assets owned by the University and its affiliates under a management and custodial agreement. These are reflected as liabilities on the Foundation's statement of financial position. Part V, Line 4: The intended uses of the organization's endowment funds are to support Indiana University as it carries out its missions of teaching, research, and public service. Part X, Line 2: ASC 740-10, Accounting for Uncertainty in Income Taxes, prescribes a comprehensive model for how an organization should measure, recognize, present and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. As of June 30, 2025 and 2024, the Foundation has no uncertain tax positions. Part XI, Line 2d - Other Adjustments: Fundraising Event Expenses 631,941. Change in value of beneficial interests in irrevocable trusts 1,303,479. Loss on sale of property, plant and equipment 1,230,174. Part XI, Line 4b - Other Adjustments: Income/Loss from K-1's 12,883,194. Uncollectible Pledges 6,890,993. Part XII, Line 2d - Other Adjustments: Fundraising Event Expenses 631,941. Loss on sale of property, plant and equipment 1,230,174. 1 Central America and the Caribbean 0 0 Investment 436357150 Europe (Including Iceland & Greenland) 0 0 Investment 439156235 North America 0 0 Investment 32931551 South Asia 0 0 Investment 7362221 0 0 0 0 0 0 915807157 0 915807157 1 0 1 1 1 0 Part I, Line 2: The grant and assistance payments are verified with internal documents to ensure donor intent and criteria have been met before the payments are made. Part I, line 3: The foreign activities that the IUF has been able to reasonably identify for either direct or indirect (through reimbursement) support have been listed in Schedule F. The IUF exists to support the activities of Indiana University. There are activities supported by Indiana University, both domestic and foreign, that are reimbursed from IUF accounts. The IUF does not have a reasonable means to determine precisely if expenses reimbursed to Indiana University are foreign or domestic in nature. Appropriate due diligence has been taken to identify those which may be reportable. Little 500 719852 719852 2000 125047 122008 371742 Fall Cycling 17107 17107 1472 3549 6123 736959 736959 2000 126519 125557 377865 631941 105018 1 Indiana University 401 E 7th Street Bloomington IN 47405 356001673 Gov't Entity 225357187 0 Academic and Student Program Support Indiana University 401 E 7th Street Bloomington IN 47405 356001673 Gov't Entity 80563981 0 Faculty Support & Research Indiana University 401 E 7th Street Bloomington IN 47405 356001673 Gov't Entity 75408490 0 Student Scholarship and Financial Aid Indiana University 401 E 7th Street Bloomington IN 47405 356001673 Gov't Entity 22226151 0 Endowment and Capital Additions 1 0 Scholarships, general 4 17000 Part I, Line 2: The grant and assistance payments are verified with internal documents to ensure donor intent and criteria have been met before the payments are made. X X 1 1 X X X 1 1 0 1 0 0 0 1 0 J Thomas Forbes President and CEO 498224 0 0 0 13365 0 43320 0 30667 0 585576 0 0 0 D Abe Weldy Co-CIO 331440 0 103125 0 6181 0 43320 0 42720 0 526786 0 0 0 James Bergstrom Co-CIO 331996 0 103125 0 865 0 43320 0 42164 0 521470 0 0 0 Joyce Q Rogers EVP for Development 337559 0 0 0 14465 0 43320 0 19012 0 414356 0 0 0 Mary Bonk Interim EVP Finance and Bus Op, VP P 286896 0 0 0 1311 0 35460 0 17781 0 341448 0 0 0 Paula Jenkins VP, Principal Gifts 251539 0 0 0 11913 0 31551 0 20122 0 315125 0 0 0 Philippa Guthrie EVP, Gen Counsel & Sec. (until 6/25) 233436 0 0 0 12827 0 29747 0 38639 0 314649 0 0 0 Jeffrey Lindauer VP, University Advancement 266381 0 0 0 5843 0 32404 0 4295 0 308923 0 0 0 Sarah Beggs Senior VP, Advancement Services 230453 0 0 0 7423 0 28421 0 37775 0 304072 0 0 0 Catherine Melvin VP, Fin. and Accounting (until 1/25) 196015 0 17000 0 11869 0 27021 0 46391 0 298296 0 0 0 Julie McFall Senior VP, Human Resources & Culture 239502 0 0 0 7095 0 28806 0 17649 0 293052 0 0 0 Elizabeth Feeny VP of Development 209195 0 10000 0 12215 0 27206 0 32655 0 291271 0 0 0 Patricia Riveire Chief Alumni Officer 212490 0 0 0 7095 0 25852 0 43203 0 288640 0 0 0 Jeffrey D Stumpf Former EVP for Finance & Operations 0 0 0 0 256360 0 0 0 0 0 256360 0 256360 0 Part I, Line 1a First Class or charter travel: The IUF maintains a policy governing all business expenses including travel. Should a business need (e.g. length of flight time, security concerns, lack of commercial air options, etc.) require the use of first-class or charter travel, the IUF Board of Directors has authorized the IUF CEO to approve its use. These costs were not treated as taxable income because the travel is business related. In compliance with the IRS intermediate sanctions rules and regulations, in order to be approved under IUF policy, first-class and charter travel must be deemed to be in the best interests of the IUF in order to merit approval. Travel for Companions: The IUF maintains a policy governing all business expenses which prohibits companion related expenses, except for the specifically defined role of Associate to the IUF President. The duties of this position, which are outlined in a formal policy and support the organization's mission, are fulfilled by the IUF President & CEO's spouse. The Associate to the IUF President incurs business related expenses on behalf of IUF, and those amounts are not treated as taxable. In all cases, travel for companions is considered in the IUF's efforts to ensure compliance with the intermediate sanctions law. With the approval of the IUF Board of Directors: *allowances are made available to the IUF President & CEO for long-term disability and supplemental retirement payments to provide future retirement restoration. *allowances for vehicles are made available to certain Vice Presidents, Executive Vice Presidents and the IUF President & CEO. Part I, Lines 4a-b Jeffrey Stumpf - The amount shown in column F was reported as deferred compensation in the prior year and paid out in the current year. This amount is also included in column (B)(iii). Eligible executives participate in various non-qualified deferred compensation plans organized under code section 457(f). The exact purpose of each plan varies, but they include: compensation limitation make-up plans, deferral of a portion of incentive bonus type plans and other attributes of a deferred compensation plan. Any amount ultimately paid under the program to the executive is reported as compensation on Form 990, Schedule J, Part II, Column B in the year paid. Part I, Line 5 The Indiana University Foundation currently provides two incentive compensation plans: The Investment Incentive Compensation Plan is available to key personnel in the Investment Department. The primary goal of the plan is retention of key investment staff who are responsible for helping the IUF to achieve top investment performance relative to its peers while reducing the volatility of performance over time. This plan is based on the premise of true value of dollars added by staff over an appropriate benchmark. IUF's Target Weighted Benchmark, and over a three-year period. The calculation of amount of bonus awarded is based on a formula similar to the industry standard and provides for a cap as a percentage of salary. This plan was developed and recommended by the Investment Committee of the IUF Board of Directors. The Major Gift Officers Evaluation/Incentive Program is designed to provide blueprints for and encourage our most gifted fundraisers to reach farther and inevitably increase their personal satisfaction and institutional value as development officers of Indiana University/Foundation. It rewards those who do so with eligibility for a year-end financial bonus. The calculation of amount of bonus awarded is based on definitive quantifiable indices for all participants, including dollars raised (both cash and deferred), opportunities (proposals), and contacts. Part I, Line 7 Management provides non-fixed payments in the form of bonuses available to all IUF staff from a discretionary fund. All bonuses are based on performance and merit. Patricia Riveire Stumpf See Part V 305045 See Part V 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (b) Relationship Between Interested Person and the Organization:Spouse of Officer Jeffrey D. Stumpf(d) Description of Transaction: Compensation X 1 828847 Appraisal Value X 7500 Appraisal Value X 512 24667383 Appraisal Value X 1 1000000 Fair Market Value X 1 21455 Fair Market Value X Musical Instrument 1 100000 Appraisal Value X Donated Goods 21 22068 Fair Market Value 11 0 1 1 Part I, Column (b): The number of contributions listed in column (b) of Part I are either the number of contributions or the number of items received, depending on the nature of the contribution. Part I, Line 32b: IUF hires realtors and auctioneers to assist with selling donated items. IUF hires brokers to assist in selling gifts of stock and securities. Form 990, Part VI, Section B, line 11b A management team comprised of various members of the organization from the following departments review the Form 990, including all schedules line-by-line to determine accuracy and validity; President's Office, Legal Counsel, Accounting and Finance, Investments, Internal Audit, Development, Tax and Human Resources and Culture. The IUF engages an independent accounting firm to prepare and file the Form 990. The President & CEO then reviews and signs the Form 990 and the independent accounting firm signs as preparer. The IUF Audit Committee reviews the completed Form 990 including all schedules. Once signed, an electronic version of the public disclosure copy of Form 990 is made available to the IUF Board of Directors via the internet. The public disclosure copy is provided in order to more thoroughly protect the privacy of donors. The Form 990 is then filed electronically with the IRS. Form 990, Part VI, Section B, line 12c Each July, the IUF provides a copy of its Conflicts of Interest Policy to all directors and officers. Directors and officers are required to read and comply with the policy which requires, at a minimum, annually disclosing the existence or non-existence of any conflicts of interest, real or perceived, in writing to the IUF Board Secretary. A management team comprised of various members of the organization from the following departments review the policy to determine validity and completeness based on staff knowledge of IUF activities and transactions; President's Office, Legal Counsel, Accounting and Finance, Investments, Internal Audit, Development, Tax and Human Resources and Culture. Disclosures are reviewed by management and are provided to the Audit Committee Chair and Vice Chair. The Audit Committee Chair will also report any disclosure requiring action to the IUF Executive Committee and Committee on Directors and Governance. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the IUF Board and all relevant Board committees. In addition to the Conflicts of Interest Policy, each July the IUF provides a background survey and a request for information for Form 990 disclosures to all officers and directors. As with the Conflicts of Interest, disclosures related to the survey and Form 990 are reviewed by staff and provided verbatim to the IUF Audit Committee Chair and Vice Chair. A report is then made by the Audit Committee Chair to the full Audit Committee. The Audit Committee Chair will also report any disclosure requiring action to the IUF Executive Committee and Committee on Directors and Governance. When applicable, the Audit Committee Chair will also report any disclosure requiring action to the IUF Board and all relevant Board committees. Form 990, Part VI, Section B, line 15 Each June, the IUF Compensation Committee approves the compensation arrangements for disqualified persons in accordance with IRS regulation section 53.4958-6 "Rebuttable presumption that a transaction is not an excess benefit transaction". Individuals defined as disqualified persons who receive compensation from the IUF include: the President & CEO; Executive Vice President for Finance and Operations & Assistant Corporate Secretary; Executive Vice President for Development; Co-Chief Investment Officers; Executive Vice President, General Counsel and Corporate Secretary. The compensation arrangement for each individual is approved in advance for the upcoming fiscal year period July 1 thru June 30 by the Compensation Committee which is an authorized body of the IUF Board of Directors. The Compensation Committee is composed entirely of independent directors who do not have a conflict of interest (within the meaning of paragraph (c)(1)(iii) of section 53.4958-6) with respect to the compensation arrangement for each disqualified person. The Compensation Committee determines if each compensation arrangement in its entirety is reasonable through the use of relevant information including, but not limited to, compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions; the availability of similar services in the geographic area of the applicable tax-exempt organization; current compensation surveys compiled by independent firms; and actual written offers from similar institutions competing for the services of the disqualified person. Upon approval of the compensation arrangement for each disqualified person, the Compensation Committee provides written documentation noting the terms of the transaction that was approved and the date it was approved; the members of the Committee who were present during review of the arrangement that was approved and those who voted on it; the comparability data obtained and relied upon by the Committee and how the data was obtained; and, if applicable, any actions taken with respect to consideration of the arrangement by anyone who is otherwise a member of the Committee but who had a conflict of interest with respect to the arrangement. The Compensation Committee's most recent review and approval of compensation arrangements for all disqualified persons was June 5, 2025. Form 990, Part VI, Section C, line 18 We recognize that good governance practices provide safeguards to help ensure that our funds are consistently used in accordance with our mission, tax-exempt purpose, and donor intent. Copies of the IUF's Forms 990 and Form 990T can be requested through the IUF office. The current year 990 tax return is available through the IUF's website at www.iufoundation.iu.edu. Form 990 and 990T are available upon request for the past three years in accordance with IRC Section 6104(d) through the IUF's office. Form 990, Part VI, Section C, line 19 We recognize that good governance practices provide safeguards to help ensure that our funds are consistently used in accordance with our mission, tax-exempt purpose, and donor intent. Copies of all the IUF's governing documents and conflict of interest policy can be requested through the IUF office. The audited financial statements (past four years), conflict of interest policy and other specific governance documents are available through the IUF's website at www.iufoundation.iu.edu. Form 990, Part XI, line 9: Split Interest Agreements 5,135,421. Uncollectible Pledges -6,890,993. Change in value of beneficial interests in irrevocable trusts 1,303,479. Income/Loss from K-1's -12,883,194. Charitable Remainder Trusts (69) Trust IN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0