In 2007 a group of IUGFS alumni, the IU Geological Sciences Department, and the IU Foundation embarked on a fundraising campaign to solidify the future of IUGFS as a premier, sustainable location for teaching geosciences in the field.
At that time there were two distinct, but overlapping goals:
- Create scholarship support for students, courses, and research at IUGFS.
- Fund infrastructure improvements, especially construction of a modern classroom building, to support courses for students, professionals, and other users.
In 2012 the unofficial first phase of the fundraising campaign ended with the construction and dedication of the new Classroom Building. <insert a link to pictures of the Classroom Building and pictures from the fundraising event>
In addition to approximately $700,000 of Donor funding used to build the Classroom Building, AAPG provided money for workstations and Schlumberger provided Petrel software for the workstation training room.
Phase 1 raised a total of $3,837,628 from individual Donors. Less than 20% of the Phase 1 Donor funding was used for construction of the Classroom Building. A small amount of money was set aside in cash accounts for future IUGFS maintenance and building needs, but most of it went into scholarship funds at the IU Foundation. The annual earnings from those funds generate about $135,000 per year to support geoscience courses taught at IUGFS, students taking IU geoscience courses at IUGFS, geoscience research conducted in the greater IUGFS area, and IUGFS operating expenses.