Iowa State University Foundation
- Assets
- $1.4b
- Revenue
- $132.1m
- Investments
- $929.6m
- Employees
- 448
- Location
- Ames, IA
- Founding
- 05/1980
- Data as of
- 06/2020
- EIN
- 42-1143702
Organization Overview
Iowa State University Foundation is located in Ames, IA. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2020, Iowa State University Foundation employed 448 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Iowa State University Foundation generated $132.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $127.0m during the year ending 06/2020. While expenses have increased by 5.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ALIGNING DONOR PASSION AND GENEROSITY TO ADVANCE IOWA STATE UNIVERSITY'S LAND-GRANT IDEALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUPPORT: IOWA STATE UNDERGRADUATE AND GRADUATE STUDENTS RECEIVED MORE THAN $34 MILLION IN SCHOLARSHIPS, FELLOWSHIPS, LOANS AND AWARDS FROM PRIVATE GIFT SUPPORT. STUDENTS RECEIVED BOTH MERIT- AND NEED-BASED SCHOLARSHIP ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT IS CRITICAL TO ENSURING THAT ALL WILLING STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATION OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS. IN 2020, OVER 6,900 STUDENTS RECEIVED SCHOLARSHIPS FUNDED BY PRIVATE GIFT SUPPORT.
FACULTY AND PROGRAM SUPPORT: WITH NEARLY $29 MILLION FROM THE IOWA STATE UNIVERSITY FOUNDATION, UNIVERSITY FACULTY AND STAFF RECEIVED ADDITIONAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR ALL STUDENTS. PRIVATE GIFT SUPPORT HELPS MEET THE UNIVERSITY'S GOAL TO ATTRACT AND RETAIN THE WORLD-CLASS FACULTY WHICH ULTIMATELY ATTRACTS THE BEST AND BRIGHTEST STUDENTS. DURING 2020, THE NUMBER OF ENDOWED FACULTY POSITIONS (CHAIRS, PROFESSORSHIPS AND FELLOWSHIPS) WAS 215.
FACILITIES: THE FOUNDATION PROVIDED MORE THAN $37 MILLION TO THE UNIVERSITY IN SUPPORT OF NEW BUILDING CONSTRUCTION, RENOVATION AND EQUIPMENT NEEDS. STATE-OF-THE-ART FACILITIES HELP THE UNIVERSITY ATTRACT HIGH-QUALITY FACULTY AND STUDENTS. THESE FACILITIES PROVIDE SPACE, ENVIRONMENTS, AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVELS OF TEACHING, LEARNING AND RESEARCH. PRIVATE GIFT SUPPORT ASSISTED IN FUNDING OF THE STUDENT INNOVATION CENTER, THE GERDIN BUILDING ADDITION, THE ATHLETICS PERFORMANCE CENTER, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larissa Holtmyer Jones President And CEO | Officer | 40 | $417,391 |
Lisa Eslinger Chief Financial/admin Officer | Officer | 40 | $234,329 |
Jeremy Galvin VP For Development | Officer | 40 | $228,464 |
Steve Biever VP For Development | Officer | 40 | $227,447 |
Rosa Unal Assoc Vp/chief Info Officer | 40 | $165,651 | |
Kelly Hanfelt Assistant VP Of Development | 40 | $149,684 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tweedy Browne Company Llc Investment Fees | 6/29/20 | $416,629 |
Viking Long Fund Lp Investment Fees | 6/29/20 | $718,256 |
Kiltearn Partners Inc Investment Fees | 6/29/20 | $377,957 |
Adage Investment Fees | 6/29/20 | $436,798 |
Cambridge Associates Llc Consulting | 6/29/20 | $1,024,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,662,798 |
| Noncash contributions included in lines 1a–1f | $24,952,915 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,662,798 |
| Total Program Service Revenue | $0 |
| Investment income | $1,740,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,791 |
| Net Rental Income | $229,156 |
| Net Gain/Loss on Asset Sales | -$1,682,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,115,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,697,998 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,266,060 |
| Compensation of current officers, directors, key employees. | $337,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,738,841 |
| Pension plan accruals and contributions | $920,218 |
| Other employee benefits | $1,358,558 |
| Payroll taxes | $719,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,163 |
| Fees for services: Accounting | $147,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,401,119 |
| Fees for services: Other | $1,071,425 |
| Advertising and promotion | $187,831 |
| Office expenses | $1,052,315 |
| Information technology | $1,308,689 |
| Royalties | $0 |
| Occupancy | $269,645 |
| Travel | $591,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $472,409 |
| Interest | $69,548 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,414 |
| Insurance | $92,017 |
| All other expenses | $0 |
| Total functional expenses | $127,015,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,991,116 |
| Pledges and grants receivable | $123,871,109 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $870,647 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,458,737 |
| Investments—publicly traded securities | $247,680,102 |
| Investments—other securities | $929,592,868 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,513,813 |
| Total assets | $1,353,978,392 |
| Accounts payable and accrued expenses | $1,543,787 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,656,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,767,819 |
| Total liabilities | $46,967,760 |
| Net assets without donor restrictions | $37,711,563 |
| Net assets with donor restrictions | $1,269,299,069 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,353,978,392 |
Grants Awarded
Over the last fiscal year, Iowa State University Foundation has awarded $100,697,998 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ames, IA PURPOSE: SEE PART IV | $100,693,775 |
Ames, IA PURPOSE: LEGAL FEES | $4,223 |
Grants Recieved
Over the last fiscal year, we have identified 56 grants that Iowa State University Foundation has recieved totaling $9,749,382.
| Awarding Organization | Amount |
|---|---|
Gerdin Charitable Foundation North Liberty, IA PURPOSE: GERDIN BUILDING EXPANSION FUND | $2,500,000 |
Gerdin Charitable Foundation North Liberty, IA PURPOSE: GERDIN BUILDING EXPANSION FUND | $2,500,000 |
Kent Corporation Charitable Foundation Muscatine, IA PURPOSE: GENERAL OPERATIONS | $1,600,000 |
Land O L Foundation St Paul, MN PURPOSE: EDUCATION GRANTS | $1,500,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $428,053 |
Kent Corporation Charitable Foundation Muscatine, IA PURPOSE: GENERAL OPERATIONS | $300,000 |
Endowment Analysis
| Beg. Balance | $948,722,078 |
| Earnings | $3,018,501 |
| Admin Expense | $11,777,964 |
| Net Contributions | $27,587,958 |
| Other Expense | $26,182,171 |
| Grants | $10,484,443 |
| Ending Balance | $930,883,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Wisconsin Foundation Madison, WI | $4,431,877,103 | $528,921,791 |
University Of Illinois Foundation Urbana, IL | $2,568,738,108 | $352,648,216 |
University Of Minnesota Foundation Minneapolis, MN | $3,368,130,769 | $247,493,306 |
University Of Nebraska Foundation Lincoln, NE | $2,596,674,595 | $364,802,895 |
State University Of Iowa Foundation Iowa City, IA | $1,522,325,755 | $179,293,850 |
Iowa State University Foundation Ames, IA | $1,353,978,392 | $132,115,683 |
Omaha Schools Foundation Omaha, NE | $42,245,525 | $25,215,020 |
South Dakota State University Foundation Brookings, SD | $252,841,362 | $57,978,864 |
University Of South Dakota Foundation Vermillion, SD | $299,140,070 | $28,430,716 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Missouri State University Foundation Springfield, MO | $170,270,696 | $43,600,075 |