HFG (Hoosiers ForGood) is one of two NIL collectives for IU and they launched in March 2022. For that year, they report $4 million in NIL funds. The other collective is Hoosier Connect.
IU had an anonymous donor match contributions up to $1 million each year in 2022 and 2023.
My guess is our collectives are in the $6-8 million range right now.
They don’t report all these donations widely, so it’s hard to get a true figure.
The “sugar daddy” donor for the University of Miami, John Ruiz, originally announced in 2021 that he was going to donate north of $50 million for the school NIL before the feds began investigating his insurance company and he faced charges of not paying the companies he acquired.