A younger generation of philanthropists will be learning how to use nonprofit fundraising software and implementing communications strategies thanks to a new school.

Indiana University has been approved to establish a School of Philanthropy on its Indiana University-Purdue University in Indianapolis, The NonProfit Times reports. The university's proposal was approved by the Indiana Commission for Higher Education, allowing it to become the world's first school dedicated to philanthropy.

The school will house both academic and research components, and house bachelor's, master's and Ph.D programs that were previously a part of its Center of Philanthropy, the publication explains.

"The transformation of the Center to a new School of Philanthropy will allow us to take full advantage of other university resources in related areas and provide unparalleled educational and research opportunities in this area for our students," said Michael McRobbie, president of Indiana University.

The proposal was approved in June by the school's board and was only awaiting approval from the state.