University Information

Current Funding Patterns of the University

The University’s annual operating budget is more than $120 million. In 2007-08, USI’s state appropriation was $37,675,499 for operating and $9,488,222 for fee replacement for prior bonding authorizations. A challenge for the University has been that it has one of the lowest per-FTE-student state appropriations among the state’s baccalaureate campuses. The University is committed to maintaining the most affordable tuition and fees among those same institutions, requiring careful management of its resources.

The University of Southern Indiana Foundation, a 501(c)(3) nonprofit organization, raises funds for activities not covered by state appropriations such as scholarships, academic projects, athletic programs, and other special needs. Over its 40 years of existence, the USI Foundation has led drives to fund critical University programs such as books for the Library, furnishings for the University Center, the construction and furnishing of a home for the University's first family, spectator seating for the Physical Activities Center, expansion of the University Center, equipment for the Liberal Arts Center, equipment for instructional areas in the new Science and Education Center, and instructional enhancement for the new Business and Engineering Center. Its strong record of achievement was a key consideration in undertaking a capital campaign for the University, which was completed in December 1998. Campaign USI’s total impact was $24 million – $18 million in current gifts and pledges and $6 million in deferred gifts. In fiscal year 2006-07, the USI Foundation raised more than $6.4 million in gifts and grants. The USI Foundation assets total $68 million.

Since USI's founding, the University has benefited from the energy and financial gifts of its supporters. The 1400-acre campus property was a gift of individuals and businesses in the community who recognized the benefit of investing in public higher education programs which they knew would result in a better-educated citizenry. To ensure that USI continues to be a place of innovation in this century, private investment is needed. Those who support universities make a lasting investment, for universities are among the most enduring entities in society, with lives that extend beyond the tenure of the people who lead them.

Financing

Approximately 59.6 percent of the University’s 2009-2010 current operating budget comes from state appropriations while student fees make up 37.2 percent; 3.2 percent comes from other sources.

The state appropriation for fiscal year 2009-2010 is $50,964,691.

The total investment in the campus buildings and grounds was $262,015,279 as of June 30, 2009.

The USI Foundation raises funds for activities not covered by state appropriations such as scholarships, academic projects, athletic programs, and other special needs. The Presidential Scholarship Program of the Foundation is providing full scholarships for selected valedictorians and salutatorians from Indiana high schools. There are 40 Presidential Scholars enrolled. The Foundation also provides funding for 10 new full-tuition Deans Scholarships.