By Staci Hupp
staci.hupp@indystar.com

Indiana University officials will use $70 million, the largest individual donation in the school’s history, to keep college costs affordable for Hoosier students.
The donation, from an individual who asked to remain anonymous, will be announced by IU President Adam Herbert this morning in Indianapolis along with a separate $15 million donation from Indianapolis businessman Jesse Cox and his late wife, Beulah.

IU officials said the two donations will create more than 560 new scholarships, most of them for Indiana students. The gifts bring fund-raising for scholarships alone up to $155 million in one year.
Cox’s donation has launched the Cox Scholars Program for talented students who are working their way through college, IU officials said. Cox, 87, an IU alumnus, owned a venetian-blind manufacturing company and Aero Blind & Drapery Inc., which earned about $30 million in sales when it was sold in 1982. Cox most recently has been known for his farms in Boone, Hamilton and Putnam counties, as well as his real estate investments.
Other notable donations for scholarships this year include:
– $10 million from the Lilly Endowment to start the Hoosier Presidential Scholars program.
– $10 million from the Glaubinger Foundation on behalf of alumni Larry and Lucienne Glaubinger, to the IU Athletic Scholarship Endowment for scholars in non-revenue Olympic sports.
– $20 million from alumnus William Godfrey for scholarships in the Kelley School of Business.
– $30 million from the late Barbara and David H. Jacobs, both IU alumni, for scholarships in the Jacobs School of Music.

Source: indystar.com

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