Indiana University has announced a $10 million gift from anonymous donors in support of undergraduate and graduate student financial aid at the Lilly Family School of Philanthropy and Kelley School of Business.
The gift will create two $5 million endowments in support of financial aid opportunities at the two schools: a scholarship fund at the Lilly School that will support up to four years of study for undergraduate and/or graduate students pursuing degrees in philanthropic studies, with priority given to those with financial need; and a new fellowship program at the Kelley School for undergraduates from Indiana whose interests in business are aligned with community service and/or social entrepreneurship. Recipients of the fellowships will be required to participate in service opportunities, in particular those offered by the Kelley Institute for Social Impact.
"This wonderfully generous gift will support our students' dreams to make a meaningful impact in the lives of others and the world around them," said Amir Pasic, the Eugene R. Tempel Dean at the Lilly Family School of Philanthropy. "They will be able to devote themselves to areas where they see the largest need and the best opportunity to make a difference. Additionally, the gift will inspire students to become the philanthropists and leaders of the future. We thank the donors for providing these life-changing opportunities."