Indiana Wesleyan University
INDIANA WESLEYAN UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP.
Financial Overview
From 2025 IRS Form 990-PF
Total Assets
$685.7M
+11.6% YoY
Annual Giving
$73K
+1.4% YoY
Grant Count
9
+80.0% YoY
Avg Grant Size
$8K
-43.7% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $685,685,861 | $614,595,507 | $572,069,015 |
| Revenue | $269,090,976 | $226,049,056 | $197,828,333 |
| Expenses | $223,084,044 | $213,017,671 | $200,454,828 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $12,641,321 | $12,303,726 | $7,205,782 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Indiana Wesleyan University fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jonathan S Kulaga | University President | 39 | $318,645 |
| Barry Hines | Trustee | 1 | — |
| Brian Harlow | Trustee | 1 | — |
| Carl Shepherd | Trustee | 1 | — |
| Christopher Conrad | Trustee | 1 | — |
| Cindy Krall | Trustee | 1 | — |
| Dale Sloan | Trustee | 1 | — |
| David Dimmich | Trustee | 1 | — |
| Debbye Turner Bell | Trustee | 1 | — |
| Diane Foley | Trustee | 1 | — |
| Donald Cady | Trustee | 1 | — |
| Gary Ott | Trustee | 1 | — |
| James Poore II | Trustee (End 12/31/24) | 1 | — |
| Jeffrey Freeman | Trustee (End 12/9/24) | 1 | — |
| Johanna Rugh | Trustee | 1 | — |
| Kent Morgan | Trustee (Beg 5/7/25) | 1 | — |
| Kevin Myers | Trustee | 1 | — |
| Michael Carmichael | Trustee | 1 | — |
| Michael Colaw | Trustee | 1 | — |
| Paul Anthes | Trustee | 1 | — |
| Petra Ray | Trustee (End 3/31/25) | 1 | — |
| Ryan Frank | Trustee | 1 | — |
| Sharon Epps | Trustee | 1 | — |
| Stephen Laudermilch | Trustee | 1 | — |
| Steven DeNeff | Trustee | 1 | — |
| Steven Edmondson | Trustee | 1 | — |
| Thomas Schmidt | Trustee | 1 | — |
| Trey Rohrman | Trustee (Beg 5/7/25) | 1 | — |
| Wayne Schmidt | Trustee | 1 | — |
| Yaremi Alicea Morales | Trustee (End 5/5/25) | 1 | — |
| Jeff Rayis | CFO (Beg 7/8/24) | 40 | $105,266 |
| Tiffany Lewis | Interim CFO (End 7/7/24) | 40 | $124,505 |
| Eulala Eileen Hulme | Chancellor of National Global | 39 | $171,052 |
| Greg Tonagel | Head Coach, Men's Basketball | 40 | $169,761 |
| Karen Dowling | Exec VP/Chief People & Culture Officer | 40 | $147,929 |
| Robert Friberg | Professor/Program Director, DPT | 40 | $149,817 |
| Tod Dalberg | EVP/Chief Innovation & Strategy Officer | 40 | $164,853 |
| Warren Rogers | Professor, Blanchard Endowed Chair | 40 | $145,717 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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