• Loading stock data...
Sunday, July 6, 2025

IU Athletic Department Reportedly Received $38M In COVID Assistance

  • The IU athletic department received $38 million as part of a gift to the university from the IU Foundation, according to the Indy Star.
  • In total, the gift was worth $150 million.
Feb 28, 2023; Bloomington, Indiana, USA; Iowa Hawkeyes forward Kris Murray (24) shoots the ball while Indiana Hoosiers forward Trayce Jackson-Davis (23) defends in the second half at Simon Skjodt Assembly Hall.
Trevor Ruszkowski-USA TODAY Sports

Schools are beginning to reveal the creative ways they secured extra funds to weather the pandemic storm. 

Indiana, for example, received a major donation from its foundation — which helped the athletic department significantly.

Charlie Baker Will Turn The NCAA Into A Lobbying Firm

The new president was hired to preserve amateurism.
March 1, 2023

The Indiana University athletic department received $38 million as part of a gift to the university from the IU Foundation, according to the Indy Star. In total, the gift was worth $150 million.

The money helped the university as a whole — as well as the athletic department — cover losses due to the pandemic. Another large chunk went to residences. As such, it was reflected in the 2022 fiscal year report.

But the foundation didn’t receive the money through donations. It’s on the hook for the whole sum — the money came from a loan that will be paid back over a period of three decades.

Not all schools have dipped into their university funds, however. Athletic departments in the SEC, for example, received cash infusions of $23 million from the conference in 2021.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Ohio State

Collectives Funnel $20 Million to College Athletes on Last Day Before Revenue..

Collectives frontloaded payments just before the revenue sharing era begins July 1.

College Sports Revenue-Sharing Underway As More Changes Loom

July 1 marks the first day schools can directly pay players.
Dec 31, 2024; Orlando, FL, USA; South Carolina Gamecocks quarterback LaNorris Sellers (16) before the play call against the Illinois Fighting Illini in the fourth quarter at Camping World Stadium.

College QBs Are the Newest VC Investors

Three Division I quarterbacks are investing in a venture fund.
Jun 16, 2025; Omaha, Neb, USA; Arkansas Razorbacks starting pitcher Gage Wood (14) celebrates completing a no hitter against the Murray State Racers at Charles Schwab Field.

College World Series Enters Cinderella Era

A series of upsets gives the fast-growing event a new look this year.

Featured Today

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”

Everything You Need to Know About EA’s Return to College Basketball Video..

There hasn’t been a college basketball game in more than 15 years.
June 30, 2025

Pac-12 Hits Football Membership Threshold With Texas State Entry

The school is paying $5 million to leave the Sun Belt Conference.
July 1, 2025

Big Ten Commish Still Pushes for 4 Auto CFP Bids in 16-Team..

The conference wants four guaranteed spots in the Playoff.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Mar 23, 2025; Raleigh, NC, USA; Baylor Bears guard Jeremy Roach (3) reacts after a play during the first half against the Duke Blue Devils in the second round of the NCAA Tournament at Lenovo Center.
June 26, 2025

Power Four Put Finishing Touches on How Revenue Sharing Era Will Work

The agreement stipulates that schools can’t sue to challenge any terms of the settlement.
June 26, 2025

Pac-12 Rebuild Nears Completion With 2026 Texas State Addition

The Sun Belt school is likely joining the Pac-12 in 2026.
Sep 16, 2023; Stanford, California, USA; Sacramento State Hornets running back Elijah Tau-Tolliver (25) celebrates after a touchdown during the fourth quarter against the Stanford Cardinal at Stanford Stadium.
June 25, 2025

Sacramento State ‘Full Steam Ahead’ for FBS Despite Not Receiving NCAA Waiver

The Hornets launched a public campaign to join the FBS last fall.
Jun 7, 2025; Chapel Hill, NC, USA; North Carolina infielder Jackson Van De Brake (6) and outfielder Carter French (18) celebrate an out during the first inning of the Super Regionals game against Arizona in Chapel Hill, North Carolina.
June 25, 2025

Most Power Conference Sports Won’t See Revenue-Sharing Dollars

But there is a silver lining for Olympic sports: more scholarships.