Independent Colleges of Indiana Inc (ICI) is a public charity based in Indianapolis, Indiana. It is a nonprofit association representing Indiana’s private, nonprofit colleges and universities and supports the independent higher education sector through advocacy, fundraising, collaborative services, research, and scholarship administration.
Key facts about Independent Colleges of Indiana Inc
In short: Independent Colleges of Indiana Inc gave $1.6M across 76 grants in 2025 (avg $21K), mostly in Indiana. 7% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 31-0901001
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $1,570,000
- Grants made (2025)
- 76
- Average grant
- $20,658
- Median grant
- $10,000
- New grantees (estimate)
- 7% first-time grantees (5 of 76, 2025)
- Total assets
- $99,589,312
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- How to apply
- For the Ball Venture Fund, eligible ICI member institutions submit proposals through the program’s application process. Full details ↓
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$99.6M
+4.8% YoY
Annual Giving
$1.6M
+49.7% YoY
Grant Count
76
+0.0% YoY
Avg Grant Size
$21K
+49.7% YoY
Is Independent Colleges of Indiana Inc open to new grantees?
7%
first-time grantees, 2025
In 2025, 5 of 76 grantees (7%) were first-time recipients. First grants averaged $23K; repeat grants $20K. How we count
Medians: $25K first-time, $10K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
ICI’s 2024 filing states that its mission is to advance and strengthen the competitive standing of its member independent, nonprofit colleges and universities and to ensure opportunity, access, and choice in higher education for all students. Its website describes work in student financial aid advocacy, public information and research, fundraising for member colleges, shared services, and scholarship and grant programs.
The 2025 filing lists grants to Indiana community foundations, each for general support. The largest was $160,000 to Central Indiana Community Foundation; the foundation describes its mission as mobilizing people, ideas, and investments to promote equitable opportunity. Community Foundation Alliance, which received $120,000, says it works toward a thriving southwest Indiana and addresses the evolving needs of its nine-county region. Other recipients included Legacy Foundation, which says it distributes grants for community-enhancing projects and other charitable purposes, and the Community Foundation of Greater Fort Wayne, which describes its work as encouraging charitable giving, grantmaking, and community initiatives.
Grantmaking
In filing year 2025, ICI reported 76 grants totaling $1,570,000. Grants ranged from $10,000 to $160,000, with a median of $10,000. The largest grants included $160,000 to Central Indiana Community Foundation, $120,000 to Community Foundation Alliance, $60,000 to Legacy Foundation, and $50,000 to Community Foundation of Greater Fort Wayne. Other listed awards ranged from $30,000 to $40,000. All listed grants were for general support.
ICI also administers the Ball Venture Fund, which provides seed money for innovative startup programs at ICI member institutions. Its guidelines encourage innovation, risk-taking, sustainability, community impact, and collaboration; the maximum single award is $25,000. Only ICI member institutions may apply, each may submit up to three proposals, and collaboration among member institutions is encouraged. Proposals require a cover letter and a project description covering institutional background, measurable goals, timeline, budget, evaluation, and replication potential. The proposal deadline of March 20, 2026, has passed.
ICI’s website also describes the Lilly Endowment Community Scholarship Program, administered statewide by ICI and locally by Indiana community foundations, and Realizing the Dream scholarships for first-generation students who have completed their freshman year. These are scholarship programs for individual recipients, rather than grants for outside organizations.
How to Apply
For the Ball Venture Fund, eligible ICI member institutions submit proposals through the program’s application process. The listed 2026 deadline has passed.
Open Grants
4 open opportunities from Independent Colleges of Indiana Inc
21st Century Scholars Program
Independent Colleges of Indiana Inc
Amount
Up to 4 years of paid tuition
Deadline
Deadline not published
Ball Venture Fund Competition
Independent Colleges of Indiana Inc
Amount
$80,000 - $100,000
Deadline
Deadline not published
Next Generation Hoosier Educators Scholarship
Independent Colleges of Indiana Inc
Amount
$7,500 annually (up to $30,000 total)
Deadline
Deadline not published
Ready to take the next step with Independent Colleges of Indiana Inc?
Geographic Focus
Where this funder awards grants
ICI’s work and grantmaking described here are centered on Indiana. Its 2025 filing reports that 100% of grant dollars went to recipients in Indiana. The Lilly Endowment Community Scholarship Program is administered through community foundations across the state.
Grant Distribution by State
Share of 2025 grant dollars across all 76 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $930K (2021) to $1.6M (2025). In 2025 it made 76 grants totaling $1.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Central Indiana Community Foundation ($160K). Together the top 10 received $620K.
Grant Size Distribution
368 grants across all recorded years
The most common grant size was under $50K: 356 grants of 368 (97%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central Indiana Community Foundation Indianapolis, IN | General Support | $160,000 |
| Community Foundation Alliance Evansville, IN | General Support | $120,000 |
| Legacy Foundation Inc Merrillville, IN | General Support | $60,000 |
| Community Foundation of Greater Fort Wayne Fort Wayne, IN | General Support | $50,000 |
| Community Foundation of Greater Lafayette Lafayette, IN | General Support | $40,000 |
| Community Foundation of Howard County Kokomo, IN | General Support | $40,000 |
| Community Foundation of Southern Indiana Inc New Albany, IN | General Support | $40,000 |
| Community Foundation of St Joseph County Inc South Bend, IN | General Support | $40,000 |
| Wabash Valley Community Foundation Inc Terre Haute, IN | General Support | $40,000 |
| Community Foundation of Elkhart County Elkhart, IN | General Support | $30,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants reported |
|---|---|---|---|---|
| 2025 | $99,589,312 | $28,598,755 | $26,452,195 | $1,570,000 |
| 2024 | $95,063,990 | $25,913,873 | $26,011,652 | $1,049,000 |
| 2023 | $93,040,434 | $25,838,068 | $23,689,741 | $949,000 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $99,589,312 | $95,063,990 | $93,040,434 |
| Revenue | $28,598,755 | $25,913,873 | $25,838,068 |
| Expenses | $26,452,195 | $26,011,652 | $23,689,741 |
| Net Investment Income | $2,886,861 | $2,015,195 | $1,641,912 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Dr. Dottie King as President/Secretary; Dr. Karl W. Einolf as Chair; Dr. Katie Conboy as Vice Chair; and Robert A. Coons as Treasurer. Directors listed are Brennan Randolph, Christopher M. Pietruszkiewicz, Daniel Elsener, Dr. Amy McCormack, Dr. Barbara Bellefeuille, and Dr. D. Michael Lindsay.
Independent Colleges of Indiana Inc is led by Dottie King, President & Secretary since 2024 (on filings since 2020); 4 of 45 officers listed in 2025 are compensated.
Officers on the 2025 filing
Dottie King
President & Secretary
Chair → Director, 2022
Director → President & Secretary, 2024
On filings since 2020
40 hrs/week
$126K (2024) → $296K (2025)
Karl W Einolf
Chair
Director → Vice Chair, 2024
Vice Chair → Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Jake Burns
Director of Policy & Research
New on the 2025 filing
40 hrs/week
$101K (2025)
Amy McCormack
Director
Treasurer → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Daniel J. Elsener
Director
On filings since 2020
1 hr/week
No compensation reported
Earl D Brooks II
Director
On filings since 2020
1 hr/week
No compensation reported
Elaine Bedel
Director
On filings since 2020
1 hr/week
No compensation reported
James M Danko
Director
On filings since 2020
1 hr/week
No compensation reported
John S. Pistole
Director
On filings since 2020
1 hr/week
No compensation reported
Kerry N Prather
Director
Director → Treasurer, 2024
Treasurer → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Lake Lambert
Director
Vice Chair → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Rebecca Stoltzfus
Director
On filings since 2020
1 hr/week
No compensation reported
Rep Gregory Porter
Director
On filings since 2020
1 hr/week
No compensation reported
Ron D Dempsey
Director
On filings since 2020
1 hr/week
No compensation reported
Sean Huddleston
Director
On filings since 2020
1 hr/week
No compensation reported
Sen Ed Charbonneau
Director
On filings since 2020
1 hr/week
No compensation reported
Sherilyn Emberton
Director
On filings since 2020
1 hr/week
No compensation reported
Christopher M Pietruszkiewicz JD
Director
Director → Chair, 2023
Chair → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
Lori S. White
Director
On filings since 2021
1 hr/week
No compensation reported
Scott E Feller
Director
On filings since 2021
1 hr/week
No compensation reported
Barbara Bellefeuille
Director
On filings since 2022
1 hr/week
No compensation reported
D Michael Lindsay
Director
On filings since 2022
1 hr/week
No compensation reported
Jos D Padilla JD
Director
On filings since 2022
1 hr/week
No compensation reported
Paul Perkins
Director
On filings since 2022
1 hr/week
No compensation reported
Drew Flamm
Director
On filings since 2023
1 hr/week
No compensation reported
Jonathan S Kulaga
Director
On filings since 2023
1 hr/week
No compensation reported
Marco J Clark
Director
On filings since 2023
1 hr/week
No compensation reported
Rep Brad Barrett
Director
On filings since 2023
1 hr/week
No compensation reported
Sen Fady Qaddoura
Director
On filings since 2023
1 hr/week
No compensation reported
Sen Linda Rogers
Director
On filings since 2023
1 hr/week
No compensation reported
Lance Richey
Director
On filings since 2024
1 hr/week
No compensation reported
Rep Craig Snow
Director
On filings since 2024
1 hr/week
No compensation reported
Rep Phil GiaQuinta
Director
On filings since 2024
1 hr/week
No compensation reported
Sen Andrea Hunley
Director
On filings since 2024
1 hr/week
No compensation reported
Sen Jeff Raatz
Director
On filings since 2024
1 hr/week
No compensation reported
Stacy Young
Director
On filings since 2024
1 hr/week
No compensation reported
Tanuja Singh
Director
On filings since 2024
1 hr/week
No compensation reported
Brennan Randolph
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jerry Thacker
Director
New on the 2025 filing
1 hr/week
No compensation reported
Paul Sniegowski
Director
New on the 2025 filing
1 hr/week
No compensation reported
Robert A Dowd CSC
Director
New on the 2025 filing
1 hr/week
No compensation reported
Laura Bridges
Vice President & Chief Operating Officer
Vice President - Strategic Collaborations → Vice President & Chief Operating Officer, 2021
On filings since 2020
40 hrs/week
$106K (2020) → $167K (2025)
Kevin Watson
Chief Financial Officer
New on the 2025 filing
40 hrs/week
$114K (2025)
Robert A Coons
Treasurer
Director → Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Katie Conboy
Vice Chair
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (44)
- Former: Anne Houtman (2020–2024) — Chair
- Former: David McFadden (2021–2024) — Director
- Former: Jodie Ferise (2021–2024) — Vice President & General Counsel · Filing note: Ended 021524
- Former: Sheila Conboy (2021–2024) — Director
- Former: Andrew Flamm (2024) — Director
- Former: John I Jenkins SCS (2024) — Director
- Former: John Shannon (2024) — Director
- Former: David Wantz (2020–2023) — President & Secretary
- Former: David Wright (2020–2023) — Director
- Former: John I. Jenkins Csc (2020–2023) — Director
- Former: Robert L. Manuel (2020–2023) — Director
- Former: Sen Eddie Melton (2020–2023) — Director
- Former: Sen Luke Kenley (2020–2023) — Director
- Former: Eric Albert Zimmer (2021–2023) — Director
- Former: Deborah Daniels (2022–2023) — Director
- Former: Leader Phil Giaquinta (2022–2023) — Director
- Former: Richard Arkanoff (2023) — Director
- Former: Gregg Chenoweth (2020–2022) — Director
- Former: Mark A. Heckler (2020–2022) — Director
- Former: Sen Dennis Kruse (2020–2022) — Director
- Former: Bill Katip (2022) — Director
- Former: David Tyson (2022) — Director
- Former: John Teevan (2022) — Director
- Former: Rj Taylor (2022) — Director
- Former: David Tyson Csc (2020–2021) — Director
- Former: Michele Dvorak Phjc (2020–2021) — Director
- Former: Paige Cunningham (2020–2021) — Director
- Former: R. J. Taylor (2020–2021) — Director
- Former: Rep B. Patrick Bauer (2020–2021) — Director
- Former: Rep Holli Sullivan (2020–2021) — Director
- Former: Rep Tim Brown (2020–2021) — Director
- Former: Sen Karen Tallian (2020–2021) — Director
- Former: William Katip (2020–2021) — Director
- Former: Avis Stewart (2020) — Director
- Former: Chris Pietruszkiewicz (2020) — Director
- Former: D. Mark McCoy (2020) — Director
- Former: Dave McFadden (2020) — Director
- Former: Gregory Hess (2020) — Director
- Former: Lowell Haines (2020) — Director
- Former: Mary Ellen Hamer (2020) — Vice President
- Former: Nancy Nekvasil (2020) — Director
- Former: Ray G. Barber (2020) — Director
- Former: Sr M. Elise Kriss Osf (2020) — Director
- Former: Thomas Minar (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $296K, to Dr Dottie King (President/Secretary). 4 officers or directors reported compensation on that filing.
Contact
Mailing address: 601 South Meridian Street Suite 2A, Indianapolis, IN 46225
Phone: (317) 236-6090
Website: https://icindiana.org
Frequently asked questions about Independent Colleges of Indiana Inc
How much does Independent Colleges of Indiana Inc give each year?
Independent Colleges of Indiana Inc gave $1.6M across 76 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.0M across 76 grants.
What is Independent Colleges of Indiana Inc's typical grant size?
Independent Colleges of Indiana Inc's median grant in 2025 was $10,000, and its average grant was $20,658, across 76 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Independent Colleges of Indiana Inc that year got $23K on average.
Where does Independent Colleges of Indiana Inc give grants?
Independent Colleges of Indiana Inc gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Fort Wayne, IN (3 grants), Indianapolis, IN (2 grants) and Angola, IN (2 grants).
Does Independent Colleges of Indiana Inc give general operating support?
Yes: 95% of Independent Colleges of Indiana Inc's 2025 grants with a stated purpose (72 of 76) were for general or operating support, per its 2025 IRS Form 990. Recurring purposes include "Ball Venture Fund 2025" (4 grants).
Who are Independent Colleges of Indiana Inc's largest grantees?
Independent Colleges of Indiana Inc's largest 2025 grantees include Central Indiana Community Foundation ($160,000), Community Foundation Alliance ($120,000) and Legacy Foundation Inc ($60,000), according to its 2025 IRS Form 990. Together they received 22% of its itemized 2025 grant dollars.
How large is Independent Colleges of Indiana Inc?
Independent Colleges of Indiana Inc reported $99.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $28.6M.
What does Independent Colleges of Indiana Inc fund?
ICI’s 2024 filing states that its mission is to advance and strengthen the competitive standing of its member independent, nonprofit colleges and universities and to ensure opportunity, access, and choice in higher education for all students. See mission & focus areas ↑
How do I apply for a grant from Independent Colleges of Indiana Inc?
For the Ball Venture Fund, eligible ICI member institutions submit proposals through the program’s application process. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Independent Colleges of Indiana Inc's EIN?
Independent Colleges of Indiana Inc's EIN (Employer Identification Number) is 31-0901001. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Here's the math on researching Independent Colleges of Indiana Inc by hand.
Explore Open Grants
Browse active grant opportunities in Independent Colleges of Indiana Inc's focus areas in our free grants database
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