The foundation will be established in the School of Business with a $100,000 fund from the Horseshoe Foundation. This is the first time IU Southeast has partnered with a foundation with such a large investment fund. Jay White, dean of the School of Business, said the money will be used to create a portfolio. The portfolio will be combined with a class teaching students how to make decisions about buying securities as well as selling securities. White said he previously spoke to Jerry Finn, head of the Horseshoe Foundation, years ago about the concept. However, it was not until the School of Business finished the Financial Markets Lab that Finn contacted White agreeing to support a student trading fund.