(photo courtesy of IUPUI)

The first School of Philanthropy on a college campus in the US will be in Indianapolis.

Listen to Ray Steele's interview with IU Foundation president Gene Tempel:

The Indiana Commission on Higher Education approved the school for IU, which will be housed on the IUPUI campus. The school will expand the work of the I-U Center on Philanthrophy, which was already located at IUPUI.

Gene Tempel will lead the organization of the new school - he is currently president of the IU Foundation. He says the school will offer bachelor's, master's and doctoral degrees in a field that is expanding rapidly in the US. Tempel says one school will not create enough talent to meet the needs of the non-profit sector, but says he hopes IU's creation will lead to other universities creating their own schools of Philanthropy.

Tempel begins putting the school together October first. He says he hopes to hire new faculty and have the school operating by the Fall of 2013.