Managing Accounts

Managing a scholarship account takes time and effort. The information and resources below will help make your work easier.

IU Foundation distribution policy

A major component of managing a scholarship account is calculating how much money you need to raise. Currently, the IU Foundation distribution policy is approximately 4.5% annually. In order for these distributions to accumulate, the balance must be invested in the principal side of the endowed account.

For example, if you want to raise money for a $1,125 scholarship, you will need to know how much money you should have in your endowed account to generate this amount. Your calculation would look like this:

$1,125/4.5% = $25,000

An investment of $25,000 will be required to generate distributions of $1,125. Use this template to calculate how much is needed to fund the scholarship(s) your chapter wishes to award. Please contact your IUAA liaison with questions regarding the status of an account’s investments.

Monitoring your account balance

Scholarship and account balances are prepared by the Indiana University Alumni Association for our Alumni Communities. These reports are for our communities and groups and outline the account balances for each month. Scholarship balances will be updated by the 15th of every month.

For balances, transaction history, and questions regarding an Alumni Communities account, please contact your IUAA liaison.

Here’s what you’ll find in the report:

  • Income: Income is readily available to fund scholarships.
  • Principal: Money that has been invested.
  • Estimated Annual Income: The return on the invested portion of the fund (approx. 4.5%)
  • Total: The collective amounts from the Principal and Income combined.

Gifts to scholarships

Gifts by check should be made payable to the IU Alumni Association and include the name of the designated account. Mail checks to: IU Alumni Association, Attn: Your IUAA Liaison (search the IUAA Staff Directory), 1000 E. 17th St., Bloomington, IN 47408.

All online gifts are automatically deposited into the selected scholarship account.

Important reminders:

  • Chapter/Group allocations cannot be used for gifts to scholarship accounts.
  • Gifts are automatically deposited to the income side of the account, except for endowed accounts.
  • If gifts are deposited to the principal side of the scholarship account, that intent must be clearly stated in writing when the donor makes the gift.

Promoting your scholarships

Any chartered alumni community who is interested in obtaining student lists for the purposes of promoting their scholarship should contact their IUAA liaison.

To promote IU scholarship opportunities, please direct interested students to one.iu.edu.

Fundraising for your scholarships

We’re so excited that you want to fundraise for you scholarships! Make sure to contact your IUAA liaison at the beginning of your process—we want to help you!

For more information about fundraising and sponsorship tips, check out the Fundraising & Sponsorships page.