About Foundation For IUP
The Foundation for IUP is an independent, nonprofit, charitable 501(c)(3) corporation, organized in 1967 to promote and support the educational purposes of IUP.
The Foundation acts as the repository for private financial support and has fiduciary and legal responsibilities for the management, investment, and disbursement of the funds and the conduct of all the organizations affairs.
The Foundation manages nearly $300 million in assets, approximately $50 million in endowed funds, and $250 million in real estate. The Foundation also accepts and maintains ownership of nonfinancial gifts, such as objects of art. The Foundation is governed by a board of directors. Board members are chosen for their professional expertise and support of the university. The current 15 member board is lead by Terry Dunlap 81, president, William Shipley 75, vice president, and Daniel Sarver '90, treasurer/secretary. Click the link above for a brief bio on the current board members. Along with elected board members, there is an advisory member: Thomas Curtiss, Jr., and Betsy Lauber serves as the Executive Director of the Foundation.