Indiana University Bloomington has announced a $10 million gift from alumnus Larry Glaubinger and his wife, Lucienne, to provide scholarships for student athletes who participate in non-revenue varsity sports.

The gift — the largest in the history of the university's athletics department — will support the IU athletic scholarship endowment, which is now valued at $42 million and includes twenty-two endowed scholarships and 149 named scholarships. Each year, beginning with the 2005-2006 academic year, a select group of IUB varsity athletes participating in men's and women's non-revenue sports will be designated as Glaubinger Scholar-Athletes.

"We are deeply grateful for Larry and Lucie's vision and generosity," said IU president Adam Herbert. "In recognition of the significance of their gift, I am proud to announce that while individual endowed scholarships will continue to bear the name of the donor, IUB's collective financial aid endowment for student athletics will henceforth be known as the Indiana University Glaubinger Athletic Endowment Fund."

Larry Glaubinger, a 1949 IUB graduate, is the president of Lawrence Consulting and serves on the IU Foundation board of directors. Lucienne Glaubinger is a member of the Colloquium for Women of Indiana University and the board of advisers of the IU Art Museum.