Now we know who gave $70 million gift...

Now we know who gave $70 million gift to IU

There are 12 comments on the The Indianapolis Star story from Oct 30, 2007, titled Now we know who gave $70 million gift to IU. In it, The Indianapolis Star reports that:

An anonymous gift of $70 million to Indiana University seemed to dwarf the $15 million donated by Jesse Cox the same day two years ago.

Join the discussion below, or Read more at The Indianapolis Star.

Jim Tucker

Indianapolis, IN

#1 Oct 30, 2007
Many wealthy people are giving away a lot money to schools, but the schools are still raising their tuition every year. I want to see a donor give away $100 million, and the only stipulation would be that they school cannot raise tuition for 10 years.$100 million should cover that!
Big Dave

Indianapolis, IN

#2 Oct 30, 2007
Ok, I give up - if this guy asked to remain anonymous, why did IU announce his name. Public records law?
It is the biggest hoax

Newport, KY

#3 Oct 30, 2007
IU has to be perpetrating the largest hoax in Indiana history in telling the public they are using the money for 'Hoosiers struggling to pay college costs'. IU must be keeping the money for itself.

My son, a National Honor Society student in high school, has $14,000 in student loans at IU-Bloomington for his 'current' freshman year. I also had to get an additional $2,000 loan to pay the remaining balance.

My husband, his father, is 100% disabled in a nursing home (6 yrs now), and Medicaid only allows me to earn $1500 monthly or Medicaid will reduce what they pay for his nursing home monthly bill by the excess amount I would earn over the monthly $1500.

My husband and I have paid into Social Security for more than 36 years and into Medicaid for however long it's been active, so it is not as if he is using free money.

I think it is appalling for any student to have $14,000 in student loans for just one year of undergraduate schooling.....and IU has now blatantly stated that students whose families earn less than $50,000 annually are only having to pay $341 for one year in college??????

This should be investigated.......but I doubt the Star will.
why

Indianapolis, IN

#4 Oct 30, 2007
Why revel a donners name if they wish to remain annon. I would be so irate over the leak. I'm so impressed with the man. He must be a real person of values. Take notice Oprah!!!!
why

Indianapolis, IN

#5 Oct 30, 2007
Coxhall Gardens is a wonerful tribute. I thik it's great to donate the grounds and shows Mr.& Mrs. Cox in a positive light. God Bless
number cruncher

Indianapolis, IN

#6 Oct 30, 2007
It is the biggest hoax wrote:
IU has to be perpetrating the largest hoax in Indiana history in telling the public they are using the money for 'Hoosiers struggling to pay college costs'. IU must be keeping the money for itself.
My son, a National Honor Society student in high school, has $14,000 in student loans at IU-Bloomington for his 'current' freshman year. I also had to get an additional $2,000 loan to pay the remaining balance.
My husband, his father, is 100% disabled in a nursing home (6 yrs now), and Medicaid only allows me to earn $1500 monthly or Medicaid will reduce what they pay for his nursing home monthly bill by the excess amount I would earn over the monthly $1500.
My husband and I have paid into Social Security for more than 36 years and into Medicaid for however long it's been active, so it is not as if he is using free money.
I think it is appalling for any student to have $14,000 in student loans for just one year of undergraduate schooling.....and IU has now blatantly stated that students whose families earn less than $50,000 annually are only having to pay $341 for one year in college??????
This should be investigated.......but I doubt the Star will.
What's the cost of the nursing home?$30,000 per year?$50,000 per year?

That's somewhere between $180,000 to $300,000 you've gotten. So, yeah, you're getting free money.

No way you came anywhere close to putting that much into SS or Medicaid.

I understand that to get a tuition grant from the money that Cox donated to IU, one had to apply for it. Did you? Then go apply now and see if you qualify.

It's not up to the Star to go get scholarship money for your kid. It's up to you & him.
JTL

Elmhurst, IL

#7 Oct 30, 2007
What a good guy... I hope many others follow his lead...
Deroth

Loveville, MD

#8 Oct 30, 2007
Notice they said that it was an official with IU that released his name, but never stated WHO that official was. Nine times out of ten when this happens it is because someone in the media paid a person off with the understanding they would print a clause stating something to the effect that the official requested to remain anonymous due to not being authorized to actually release that information.
Good Government Fan

Little Rock, AR

#9 Oct 30, 2007
Mr Cox is truly a saint! Our state owes him a huge 'thank you' for his vision, generosity and kindness.
jeff

Carmel, IN

#10 Oct 30, 2007
What this man did was truly wonderful. What I don't understand was the way the Star casually mentioned that he wanted to remain anoymous, but that IU released his name in the hopes obtaining more donations. This seems like a terrible breach of this man's trust and confidentiality. Any charity should respect a donor's wishes to remain anonymous.
A friend

Kenosha, WI

#11 Oct 30, 2007
I know Mr. Cox and he is very upset with IU for letting this out.
And to the doubter about where his money goes check out http://iufoundation.iu.edu/cox/index.html
You can find out there how to apply.
Barbara Coffman

Bloomington, IN

#12 Nov 5, 2007
When Mr. Cox made his extraordinary gift, he asked to remain anonymous. Recently, however, he decided that his name could be attached to the gift. The IU Foundation would never release the name of a donor who wished to remain anonymous. Mr. Cox is indeed a very generous man, and his gift is already benefiting hard-working and talented students at the IUPUI and Bloomington campuses of IU.

Barbara Coffman
Indiana University Foundation

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