Ivy Tech Foundation Inc
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.
Ivy Tech Foundation Inc at a glance
- Total assets
- $165,487,745
- +10.4% vs 2024
- Revenue (2025)
- $40,262,352
- +74.8% vs 2024
- Net investment income (2025)
- $5,995,336
- +24.5% vs 2024
- Expenses (2025)
- $30,571,324
- +12.5% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Ivy Tech Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was $5M or more: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Ivy Tech Foundation Inc gives
- Giving grew 176% from 2019 to 2022. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $3.7M (2020) to $12.0M (2022). In 2022 it made 1 grant totaling $12.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $11,989,332 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $165,487,745 | $40,262,352 | $30,571,324 | — | — | $5,995,336 |
| 2024 | $149,886,491 | $23,032,210 | $27,184,523 | — | — | $4,817,344 |
| 2023 | $147,776,928 | $41,134,022 | $24,943,462 | — | — | $6,234,235 |
| 2022 | $133,213,854 | $38,600,222 | $26,743,266 | $11,989,332 | 1 | $2,756,584 |
| 2021 | $133,152,328 | $30,082,278 | $19,214,225 | — | — | $4,877,903 |
| 2020 | $120,027,175 | $22,108,760 | $19,816,401 | $3,737,237 | 6 | $2,162,343 |
| 2019 | $121,531,893 | $25,204,785 | $19,612,845 | $4,345,666 | 4 | $3,055,260 |
About Ivy Tech Foundation Inc
Based on IRS filings
Ivy Tech Foundation Inc is a public charity focused on Education, based in Indianapolis, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $165.5M in total assets. Net investment income was $6.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Ivy Tech Foundation Inc is led by Sue Ellspermann, President & College on every filing since 2019; none of the 51 officers listed in 2025 report compensation.
Officers on the 2025 filing
Sue Ellspermann
President & College
On filings since 2019
2 hrs/week
No compensation reported
Courtney Roberts
President & Foundation
On filings since 2022
38 hrs/week
No compensation reported
Lauren Salerno
Chair
Secretary → Chairperson, 2024
Chairperson → Chair, 2025
On filings since 2019
2 hrs/week
No compensation reported
Catherine Popp Hoffman Esq.
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Connie Ferguson
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Constance Brown
Board Member
Board Member → Chairperson, 2022
Chairperson → Board Member, 2024
On filings since 2019
2 hrs/week
No compensation reported
Donna Pfeil
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Glen Muehlbauer
Board Member
On filings since 2019
2 hrs/week
No compensation reported
James Gothard
Board Member
On filings since 2019
2 hrs/week
No compensation reported
James Orbik
Board Member
Board Member → Treasurer, 2023
Treasurer → Board Member, 2024
On filings since 2019
2 hrs/week
No compensation reported
Jesse R. Brand
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Kevin Ahaus
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Mamon Powers III
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Marcus Hester
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Michael M. Harmless
Board Member
Vice Chairperson → Chairperson, 2020
Chairperson → Board Member, 2025
On filings since 2019
2 hrs/week
No compensation reported
Paul Perkins
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Paula Hughes-Schuh
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Sally Devoe
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Scott Wallsmith
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Steven R. Schreckengast
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Terry W. Anker
Board Member
Chairperson → Board Member, 2020
On filings since 2019
2 hrs/week
No compensation reported
Thomas Marcuccilli
Board Member
On filings since 2019
2 hrs/week
No compensation reported
William R. Gutzwiller
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Alpa Patel
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Becky Miller
Vice President & Former
Assistant Secretary → Vice President, 2021
Vice President → Vice President & Former, 2025
On filings since 2020
38 hrs/week
No compensation reported
Celeste Calvitto
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Jodi Engelstad
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Phil Bane
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Vincent Viveros
Vice Chair
Board Member → Vice Chair, 2024
On filings since 2020
2 hrs/week
No compensation reported
Alisa Hecimovich
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Leo Braddock
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Paula Heiderman
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Brian Stater
Treasurer
Board Member → Treasurer, 2024
On filings since 2022
2 hrs/week
No compensation reported
Thomas Skidmore
Assistant Treasurer
On filings since 2022
38 hrs/week
No compensation reported
Cindy Kinnarney
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Jennifer Hindman
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Keith O'Neal
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Scott Miller
Secretary
Board Member → Secretary, 2024
On filings since 2023
2 hrs/week
No compensation reported
Heather Schoegler
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Larry Smith
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Lori Danielson
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Albie Marco
Assistant Secretary
New on the 2025 filing
38 hrs/week
No compensation reported
Amy Fryman
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Chris Jackson
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
George Clinton
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
J. Scott Kleppe
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Julia Moore
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Kim Emmert O'Dell
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Lindsey Nix
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Melissa Proffitt Schmidt
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Rachel Mullinnix
Vice President
New on the 2025 filing
38 hrs/week
No compensation reported
Former officers (51)
- Former: A. H. Schumaker II (2019–2024) — Board Member
- Former: David R. Goodman Jr. (2019–2024) — Board Member
- Former: J. Michael Jarvis (2019–2024) — Board Member
- Former: Lu B. Porter (2019–2024) — Board Member
- Former: Melissa Proffitt (2019–2024) — Board Member
- Former: Nancy Rhodes (2019–2024) — Board Member
- Former: Rebecca Kubacki (2019–2024) — Board Member
- Former: Ronald K. Fauquher (2019–2024) — Board Member
- Former: Annette Flickinger (2021–2024) — Assistant Secretary
- Former: Brian Statz (2022–2024) — Board Member
- Former: Brian Thomas (2022–2024) — Assistant Vice President - Grant Development
- Former: Mike Harmless (2022–2024) — Board Member
- Former: Josh Peters (2023–2024) — Board Member
- Former: Kim Emmert-O'Dell (2023–2024) — Board Member
- Former: Scott Kleppe (2023–2024) — Board Member
- Former: Izabela Ozdemir (2019–2023) — Board Member
- Former: James Ault (2019–2023) — Board Member
- Former: Mark T. Maassel (2019–2023) — Board Member
- Former: Roland Shelton (2019–2023) — Vice Chair
- Former: Stephen R. Stein (2019–2023) — Board Member
- Former: William F. Ritzmann (2019–2023) — Board Member
- Former: James Stehlik (2021–2023) — Board Member
- Former: Seema Verma (2022–2023) — Board Member
- Former: Cathryn H. Broderick (2019–2022) — Board Member
- Former: Darrell E. Zink Jr. (2019–2022) — Board Member
- Former: David Murray (2019–2022) — Board Member
- Former: Greg Ranger (2019–2022) — Board Member
- Former: John M. Murphy (2019–2022) — President & Foundation · Filing note: Thru 721
- Former: Kevin Honigford (2019–2022) — Former Assistant Treasurer · Filing note: Thru 421
- Former: Lex Curry (2019–2022) — Board Member
- Former: Patrick R. Ralston (2019–2022) — Treasurer
- Former: Joe Whitsett (2020–2022) — Board Member
- Former: Alicia Hazelwood (2021–2022) — Board Member
- Former: David M. Findlay (2019–2021) — Board Member
- Former: Lee J. Marchant (2019–2021) — Board Member
- Former: Lorene M. Burkhart (2019–2021) — Board Member
- Former: Maria Quintana (2019–2021) — Vice Chair
- Former: Michael O. Lunsford (2019–2021) — Board Member
- Former: Philip B. Roby (2019–2021) — Board Member
- Former: Richard L. Vonderhaar (2019–2021) — Board Member
- Former: Terry L. Bowen (2019–2021) — Secretary
- Former: Derek Berger (2019–2020) — Assistant Secretary
- Former: Mark F. Hagerman (2019–2020) — Board Member
- Former: Stephen J. Daily (2019–2020) — Board Member
- Former: Albert G. Huntington (2019) — Board Member
- Former: George A. Buskirk Jr. (2019) — Board Member
- Former: Gregg A. Tharp (2019) — Board Member
- Former: Matt Hawkins (2019) — Assistant Treasurer
- Former: Phillip Bane (2019) — Board Member
- Former: W. Quinn Buckner (2019) — Board Member
- Former: William R. Goins (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ivy Tech Foundation Inc
How large is Ivy Tech Foundation Inc?
Ivy Tech Foundation Inc reported $165.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $40.3M.
What is Ivy Tech Foundation Inc?
Ivy Tech Foundation Inc is a public charity focused on Education, based in Indianapolis, IN. It holds $165.5M in total assets as of 2025.
Where does Ivy Tech Foundation Inc operate?
Ivy Tech Foundation Inc has awarded grants in Indiana.
What is Ivy Tech Foundation Inc's EIN?
Ivy Tech Foundation Inc's EIN (Employer Identification Number) is 23-7073977. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 10, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 26, 2023)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Ivy Tech Foundation Inc's focus areas in our free grants database
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Ivy Tech Foundation Inc down — hundreds of funders to go?