Important Tax Information

The IU Foundation is an independent, tax-exempt, 501(c)(3) organization serving Indiana University. Learn more about our tax and legal information.

State of Indiana Tax Forms

Indiana taxpayers may take a tax credit of 50% of their gift to IU. For a joint return, the maximum credit is $200, based on a gift of $400 or more. For a single return, the maximum credit is $100 (based on a gift of $200 or more). The payment of tuition, fees, or room and board are not charitable contributions and do not qualify for this credit.

After you make your gift to IU, you will only need to complete one simple form—the Indiana CC-40. Attach this form to your Indiana income tax return for the tax year in which you made the gift. You may obtain the Indiana CC-40 tax form, along with all requirements and instructions, from the State of Indiana’s website.

This form is for computing credit for contributions to colleges and universities located in Indiana. This schedule, or a statement showing the same information, must be attached to the contributor’s income tax return.

New Tax Receipt Process for Donors

In January 2024, the IU Foundation initiated a new, streamlined, more sustainable way of delivering official tax receipts for your charitable gifts to Indiana University. Whereas our former practice was to mail you a separate tax receipt for every individual gift you made throughout a calendar year, our new practice is to send you a singular, annual receipt for gifts you made during the previous calendar year.

For gifts that are not made electronically, we will continue to mail you a printed confirmation of your gift; but that will not serve as your official tax receipt. A tax receipt will be mailed to you in January of the year following your gift(s).

Please note that certain kinds of contributions may not be included in your receipt, as indicated underneath your total. Should you have any questions regarding the information on your tax receipt, please contact Gift Services at 800-558-8311 or via email at iufgift@indiana.edu.