Lilly Endowment to match AU gifts

Mon, 2012-07-30 13:29 -- univcomm

The Lilly Endowment Inc., is once again challenging friends of Anderson University to higher levels of support. In a reprise of earlier successful efforts, Lilly Endowment Inc. announced a second phase of its Initiative to Strengthen Philanthropy for Indiana Higher Education Institutions. Lilly Endowment will match up to $2 million received by Anderson University with and additional $2.5 million ($1.25 for every dollar given by supporters of the institution between now and Dec. 31, 2006). The President and the Anderson University Board of Trustees are currently evaluating how funds from the grant will be directed. In general, the institution is committed to strengthen academic programs and increasing the university’s unrestricted endowment.

“This is wonderful news for the campus community and for Anderson University,” said Dr. James Edwards, president of the university. “Lilly Endowment is a wonderful asset to the State of Indiana and we are so very pleased that they continually demonstrate their commitment to supporting higher education in Indiana..”

From a physical standpoint, AU’s student population has more than doubled since many campus facilities were built. Contributions also ensure that AU will keep pace with student needs by providing financial aid. For schools such as Anderson University that don’t receive state assistance, alleviating some of the burden on students and their families is an ongoing endeavor.

The Endowment’s matching funds may be used for academic programs including, but not limited to, a permanent endowment account, academic programs, capital needs, equipment, scholarships, and curriculum and faculty development. Other purposes may be accepted if a compelling case is made that the purpose would advance the institution’s efforts to recruit or retain faculty, staff or students. The funds raised to meet the match may come from any private source (although no more than 25 percent of the funds from any one source will be counted for the match).

In 2002 the Endowment challenged Indiana colleges and universities to raise funds for needed academic purposes through the Initiative to Strengthen Board Commitment and the Special Initiative to Strengthen Philanthropy for Indiana Higher Education Institutions.

“We were so pleased with the results of these efforts and hope that this second phase will build on that momentum,” said Sara B. Cobb, Endowment vice president for education. “It appears that the matching aspect of the initiatives helped these schools raise more funds from their boards of directors, staff and faculty, students, parents, alumni, and friends.

“The Endowment continues to believe that there is a strong correlation between giving and engagement. Those who give generously to a school tend to pay attention to its vitality and effectiveness. Such support and engagement can only strengthen Indiana’s colleges and universities,” she said.

Facts about the Lilly match:

  • Lilly Endowment will match up to $2 million AU raises during the time period.
  • Gifts may come from any private source (although no more than 25 percent of the funds from any one source will be counted for the match). They may be used for any proper college purpose.
  • Gifts must be received before Dec. 31, 2006.
  • Qualifying gifts must consist of irrevocable contributions of cash or property, such as marketable securities, cash equivalents and real property, and must be paid in full by Dec. 31, 2006. Gifts from family businesses or foundations of constituents also meet the qualifications.
  • Deferred gifts and pledges will not qualify for the match except for payments made during the matching period.

For more information, please contact the Anderson University Office of Development at 800-421-1025 or on the Web at www.anderson.edu/develop/.

Anderson University is a private, four-year, Christian liberal arts institution of approximately 2,700 undergraduate and graduate students. Established in 1917 by the Church of God, the university offers more than 60 undergraduate majors and graduate programs in business, education and theology.