Indiana · Nonprofit
IVY TECH FOUNDATION INC
IVY TECH FOUNDATION INC (Indiana) receives grants from 229 organizations whose IRS filings report $81,798,776 to it, the largest being LILLY ENDOWMENT INC ($39,071,221). 141 of them have funded it in more than one year.
- Revenue FY2025
- $40M
- Funders on record
- 229
- Grants received
- $82M
- Net assets
- $164M
What Ivy Tech Foundation Inc does
Mission
To receive, hold, invest and administer property; and to solicit and receive contributions; to make expenditures to or for the benefit of ivy tech community college.
As stated on its FY2025 Form 990.
Programs
The ivy tech foundation provides scholarships, grants, and financial support to assist ivy tech students with tuition, educational related expenses, and non-tuition barriers. Awards are based on academic achievement and financial aid. The ivy tech foundation is responsible for soliciting and receiving the contributions, as well as administering and distributing the donations to the college for student support.
$6,588,558 spentof which $6,588,558 as grants24% of program spendingThe ivy tech foundation provides funds to support the operation, maintenance, and improvement of college facilities and real estate in indiana. This includes classrooms, research laboratories, instructional supplies, dining halls, and athletic facilities. These activities ensure a safe, accessible, and well-equipped environment that supports the institution's educational mission and student development.
$3,671,568 spent14% of program spendingThe ivy tech foundation makes sub-awards to ivy tech community college to carry out educational and research projects to support students, faculty, and programs. These sub-awards fund activities such as curriculum development, student research opportunities, and campus improvement initiatives that enhance educational outcomes. The sub-awards provide support for special and innovative programs.
$8,155,911 spent30% of program spendingHelping fund other program expenditures for ivy tech community college of indiana, including faculty and staff development, employee recognition, and community outreach expenditures.
$8,535,156 spent32% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $26,951,193.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $150M to $165M (+10%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2023 2%. Grants only. Government contracts and fees sit inside program revenue.
85% of IVY TECH FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Lauren Salerno
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 47 funders to 93 funders, grant income rose $3.1M → $7.7M.
45 of 229 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $23M from 26 payers (the payer shares this organization's board, largest Indiana University Health Inc). These are real filings, and they are not money IVY TECH FOUNDATION INC raised.
From the IRS filings of IVY TECH FOUNDATION INC’s funders (the co-funder graph). Top 30 of 229 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
IVY TECH FOUNDATION INC leans on a few funders — its largest provides 48% of grant income and the top three 55%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
26% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund IVY TECH FOUNDATION INC.
Largest funder’s share by year: 2017 30% · 2018 22% · 2019 61% · 2020 64% · 2021 34% · 2022 21% · 2023 27% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
43% of IVY TECH FOUNDATION INC's funders are still giving 3 years after their first grant; 62% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
85% of IVY TECH FOUNDATION INC's grant income comes from Indiana funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $7.1M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
IVY TECH FOUNDATION INC runs a healthier operating margin than three-quarters of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Organizations like IVY TECH FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Public support
60%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 5 related entities
- Community Enterprises Properties LLC · disregarded
- Ivy Tech Loan Fund LLC · disregarded
- Ivy Tech Community College of Indiana · exempt
- Ivy Tech Properties Inc · exempt
- Community Enterprises Inc · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for IVY TECH FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds IVY TECH FOUNDATION INC?
- IVY TECH FOUNDATION INC (Indiana) receives grants from 229 organizations whose IRS filings report $81,798,776 to it, the largest being LILLY ENDOWMENT INC ($39,071,221). 141 of them have funded it in more than one year.
- How many funders does IVY TECH FOUNDATION INC have?
- IRS filings report 229 organizations giving $81,798,776 in grants to IVY TECH FOUNDATION INC, 141 of which have funded it in more than one year.
- Who is the largest funder of IVY TECH FOUNDATION INC?
- LILLY ENDOWMENT INC is the largest funder on record, with $39,071,221 in grants. The full list of funders is on this page.
- How can an organization like IVY TECH FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 229 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing