Financials

The Center on Philanthropy at Indiana University, a part of the Indiana University School of Liberal Arts at Indiana University–Purdue University Indianapolis, is a leading academic center dedicated to increasing the understanding of philanthropy and improving its practice worldwide through research, teaching, and training and public affairs programs in philanthropy, fundraising, and management of nonprofit organizations.

The Center works in close collaboration with the Indiana University School of Public and Environmental Affairs and relies on valued support from thoughtful donors and partners. We work together to meet emerging opportunities and challenges with innovative programs and to share information with nonprofit professionals and scholars. These partnerships allow us to make a lasting difference in Indiana, across the nation, and around the world.

In this time of economic uncertainty, it is especially important that nonprofits commit themselves to accountability to the public; transparency and honesty; and responsible stewardship of resources. The Center on Philanthropy continues to champion and apply those principles. We offer this financial information to further your understanding of our commitment to excellence in all areas of our operations.

The format for our 2008–09 fiscal year financial report differs slightly from prior years. This report includes income carried forward from previous fiscal years, largely composed of prepaid grants and contracts, endowment income, and committed or restricted funds. Also, this year’s report does not include estimated in-kind university support (we have continued to include university appropriated funds and University Assessment, the fee assessed by the university for use of its administrative systems, physical plant, parking services, etc.). We believe the changes incorporated into this year’s report provide additional detail and clarity to this picture of the Center’s financial activity.

The financial statement for the 2008–09 fiscal year includes revenue totaling $9.45 million and program expenses totaling $9.63 million. As a result of $10.14 million carried forward from prior fiscal years, the Center’s financial foundation is strong. The Center has adopted a conservative financial plan based upon the short-term projections for the economy. As have many of its partner organizations in the sector, the Center has planned prudent expenditure reductions for the 2009–10 fiscal year in order to ensure its financial health and to operate as efficiently as possible.

Thank you for your continued support of the Center on Philanthropy and its mission. Please contact us with any questions you might have about the 2008–09 fiscal year financial information.

Timothy B. Fisher
Chief Financial Officer
Director, Finance and Technology
(317) 278-8945
tfisher@iupui.edu