I
ndiana University Foundation (IU Foundation) transferred 57 properties to the Indiana University Board of Trustees on September 18, 2025. The transaction was executed in 13 batches, each valued under $2 million, for a combined sale price of approximately $23.38 million. The sale was recorded in the latest Monroe County property transfer data, which The B Square reported last Sunday. No explanation has yet been provided for why the foundation divested these assets or why the board acquired them.

    The IU Foundation, a 501(c)(3) nonprofit, did not pay property taxes on the properties it sold, so the transfer will not affect local tax revenue. The foundation’s 2023 financial statements show net assets of about $3.4 billion. Most of the real estate sold lies on the periphery of the university campus and is intended for university‑related use. For example, the parcel at 3rd and Dunn currently houses the Office of Research Administration. Other sites include vacant land such as the former strip mall on 10th Street and residential properties along Bryan Avenue. Prior to the sale, the foundation had leased these properties to the university. An IU spokesperson confirmed that there are no plans to alter the use of the transferred properties.

    Neither the university nor the foundation has responded to inquiries from The B Square regarding the motivations behind the sale, the decision to batch the transactions, or the strategic intent of the board’s acquisition. The only publicly available details are the transaction dates, batch sizes, and total sale amount.

    For reference, the properties’ geographic coordinates are available on Google Maps, but the full list has been omitted here.