INDIANAPOLIS – The Ivy Tech Foundation was ranked as the top fundraiser among community college systems nationwide, according to a survey conducted by the Council for Aid to Education.
At $16.4 million, the amount raised by Ivy Tech exceeds the second place community college fundraiser by 43 percent, according to the 2017 Voluntary Support for Education (VSE) survey. This is the ninth consecutive year that Ivy Tech has taken the number one spot on the list, the college said in a statement.
Ivy Tech, which operates campuses around the state including Northwest and North Central Indiana, said about 90 percent of the funds raised are used for scholarships, instructional equipment and technology, and educational programs, which means millions of dollars are invested annually to directly enhance student success.
“Our donors are so generous that we lead the country as the number one community college foundation,” said John M. Murphy, Ivy Tech Foundation president. “At the same time, we know there is still more we need to do for our students, and we will not stop our important work of engaging donors to give through the Foundation to remove the barriers preventing our students from reaching their educational goals.”
According to VSE, giving to colleges increased by 6.3 percent in 2017. Colleges and universities raised $43.6 billion in the fiscal year ending June 30, 2017.
This is the highest fundraising total recorded in the survey’s 60-year history.
The Voluntary Support for Education survey provides information on private giving to higher education and private K-12 schools.