BLOOMINGTON, Ind. - The IU Varsity Club has set a new fundraising record for annual giving to Indiana University Athletics for student scholarships. Thousands of loyal Hoosiers generously contributed $12.642 million during the 2016-2017 campaign that ended on June 30. These funds will help pay the estimated $16.6 million scholarship bill that IU Athletics pays the university for the 2016-2017 academic year.
"This record-breaking fundraising year is made even more meaningful given that IU Athletics receives no taxpayer support, no special university subsidy and no student fees," said Vice President and Director of Intercollegiate Athletics Fred Glass.