Skip to the page content
Your donations
Passes our checks

Ivy Tech Foundation Inc

EIN 23-7073977 · Indianapolis, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$40.3 million
Spending
$30.6 million
Spent on programs
88%
Reserves
11.2 months of spending
Largest source of income
donations and private grants, 85%
Employees
0
Volunteers
400
Highest pay
$688,111, president, college

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 88% of charities in its peer group (education, $10m to $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.2 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 24% of income.

  • Income trend

    15 of 15

    Income rose 75% on the year before.

  • Spending floor

    15 of 15

    88% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 45% of charities in its peer group (education, $10m to $100m).

  • Independent board

    25 of 25

    45 of 46 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $6.6 million spent. 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.
  2. $3.7 million spent. THE 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. $8.2 million spent. THE 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.
  4. $8.5 million spent. HELPING FUND OTHER PROGRAM EXPENDITURES FOR IVY TECH COMMUNITY COLLEGE OF INDIANA, INCLUDING FACULTY AND STAFF DEVELOPMENT, EMPLOYEE RECOGNITION, AND COMMUNITY OUTREACH EXPENDITURES.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1970.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.