Indiana · Public charity
Independent Colleges of Indiana Inc
The Independent Colleges of Indiana (ICI) advances and strengthens the competitive standing of its 29 member independent, nonprofit, regionally accredited, degree granting colleges and universities. ICI works to ensure opportunity, access, and choice in higher education for all students. (Continued on Schedule O)
- $23M
- Granted FY2025(still arriving)
- 76
- Itemized grants FY2025
- 13
- Organizations funded FY2024
- 62%
- First-time grantees FY2024
Read this first · the figures below need context
89% of Independent Colleges of Indiana Inc’s FY2025 grant dollars went to Central Indiana Community Foundation Inc, not to grantees.
Its money now reaches organizations through that sponsor, which does not report who recommended each grant. FY2025 names 10 organizations directly, so a portfolio cannot be read from it.
Organizations named directly on the return
Amber years are those where most dollars went to a sponsor.
- Itemized, FY2025
- $1.6M
- The rest is grants the schedule does not break out
- Median grant, FY2025
- $10,000
- Largest grant, FY2025
- $160,000
- Organizations funded a year
- 5 to 13
- FY2018 to FY2024
- States reached, FY2025
- 1
- Total assets, FY2025
- $100M
How open it is to new grantees
In FY2024, 62% of the organizations Independent Colleges of Indiana Inc funded were first-time grantees, receiving 76% of its grant dollars.
New vs renewed · share of each year
In FY2024, 24% of grant dollars renewed an existing relationship; $126k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2025still arriving | 10 | $180k | 30% |
| FY2024 | 13 | $165k | 62% |
| FY2023 | 5 | $39k | 0% |
| FY2022 | 5 | $39k | 0% |
| FY2021 | 6 | $46k | 0% |
| FY2020 | 7 | $162k | 14% |
| FY2019 | 5 | $39k | 0% |
| FY2018 | 5 | $39k | 0% |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.
Top grantees
Largest recipients by total granted, FY2017 to FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Heritage Fund Supporting Foundation Inc | $124,000 | 9 | 91% |
| Indiana Cpa Society Inc | $116,467 | 1 | 3% |
| Fayette County Foundation Inc | $62,000 | 9 | 1% |
| Blackford County Community Foundation | $62,000 | 9 | n/a |
| Union County Foundation Inc | $62,000 | 9 | 1% |
| Greene County Foundation Inc | $62,000 | 9 | 1% |
| Trine University | $45,500 | 2 | 0% |
| Wayne County Foundation Inc | $33,000 | 2 | n/a |
| Marian University | $25,000 | 1 | 0% |
| University of Saint Francis of Fort Wayne Indiana Inc | $25,000 | 1 | 0% |
Show all 18 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Heritage Fund Supporting Foundation Inc | $124,000 | 9 | 91% |
| Indiana Cpa Society Inc | $116,467 | 1 | 3% |
| Fayette County Foundation Inc | $62,000 | 9 | 1% |
| Blackford County Community Foundation | $62,000 | 9 | n/a |
| Union County Foundation Inc | $62,000 | 9 | 1% |
| Greene County Foundation Inc | $62,000 | 9 | 1% |
| Trine University | $45,500 | 2 | 0% |
| Wayne County Foundation Inc | $33,000 | 2 | n/a |
| Marian University | $25,000 | 1 | 0% |
| University of Saint Francis of Fort Wayne Indiana Inc | $25,000 | 1 | 0% |
| Indiana Institute of Technology Inc | $25,000 | 1 | 0% |
| Franklin College of Indiana | $25,000 | 1 | 0% |
| University of Evansville | $20,500 | 1 | 0% |
| The Corporation of Saint Mary's College Notre Dame | $20,000 | 1 | 0% |
| Vermillion County Community Foundation | $19,500 | 3 | n/a |
| Rose-Hulman Institute of Technology | $14,000 | 1 | 0% |
| Scott County Community Foundation | $6,500 | 1 | n/a |
| Community Foundation of Crawford County | $6,500 | 1 | n/a |
Where it is load-bearing
Independent Colleges of Indiana Inc supplied at least a quarter of the budget for 1 of its grantees at some point. The chart plots its 13 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: Lilly Endowment Inc · Indiana Philanthropy Alliance Foundation Inc · Indiana Philanthropy Alliance Inc · Aws Foundation Inc · Early Learning Indiana Inc · Duke Energy Foundation · First Financial Foundation · Regional Opportunity Initiatives Inc · Wabash County Young Mens Christian Association Inc · Baird Foundation Inc · Northwest Central Indiana Community Partnerships Inc · Nisource Charitable Foundation
How this is measured
Compare Independent Colleges of Indiana Inc with peer funders
About Independent Colleges of Indiana Inc
- How much does Independent Colleges of Indiana Inc give?
- Independent Colleges of Indiana Inc reported 76 itemized grants totaling $1,570,000, out of $23,043,593 in total grant expense reported on the return in its FY2025 IRS filing. It funded between 5 and 13 organizations a year over FY2018 to FY2024.
- What does Independent Colleges of Indiana Inc fund?
- By grant dollars over FY2017 to FY2025, its largest causes are Philanthropy (95%), Education (2%), Arts & Culture (1%).
- Who are Independent Colleges of Indiana Inc's largest grantees?
- By total granted over FY2017 to FY2025: Heritage Fund Supporting Foundation Inc ($124k), Indiana Cpa Society Inc ($116k), Fayette County Foundation Inc ($62k).
- Does Independent Colleges of Indiana Inc fund new organizations?
- In FY2024, 62% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Independent Colleges of Indiana Inc?
- Its strongest co-funders, measured against what their size predicts, include Lilly Endowment Inc, Indiana Philanthropy Alliance Foundation Inc, Indiana Philanthropy Alliance Inc.
- Where is Independent Colleges of Indiana Inc based?
- Independent Colleges of Indiana Inc is based in IN.
Play a game based on Independent Colleges of Indiana’s filings →