University Of South Dakota Foundation

Organization Overview

University Of South Dakota Foundation is located in Vermillion, SD. The organization was established in 1967. 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 12/2019, University Of South Dakota Foundation employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, University Of South Dakota Foundation generated $28.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $27.3m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, University Of South Dakota Foundation has awarded 36 individual grants totaling $84,352,264. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE PRIVATE RESOURCES TO BENEFIT THE UNIVERSITY OF SOUTH DAKOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SCHOLARSHIP FUNDS TO INCREASE THE ACADEMIC EXCELLENCE OF THE STUDENT BODY AND THE QUALITY OF THEIR EDUCATIONAL EXPERIENCE. SCHOLARSHIPS ARE AWARDED FOR BOTH RECRUITING AND RETENTION PURPOSES. FOR THE 2018-2019 ACADEMIC YEAR, $8.4 MILLION IN SCHOLARSHIPS WERE AWARDED. FOR THE 2019-2020 ACADEMIC YEAR, $9.8 MILLION IN SCHOLARSHIPS WERE AWARDED. THIS LEVEL OF FUNDING REPRESENTS AN INCREASE OF 18% OVER THE LAST 5 YEARS.


PROVIDE FUNDS TO CONSTRUCT NEW CAMPUS FACILITIES AND RESTORE, REPAIRAND MAINTAIN EXISTING FACILITIES. THE FOUNDATION HAS BEEN INSTRUMENTALIN A MAJOR RENOVATION AND RECONSTRUCTION PLAN FOR FACILITIES AT USD.SINCE 1996, $94 MILLION HAS BEEN PROVIDED FOR FACILITIES THAT HAVEENHANCED THE STUDENTS' EDUCATIONAL EXPERIENCE AND OPPORTUNITIES.


PROVIDE FUNDS TO SUPPORT ACADEMIC FACULTY THROUGH SALARY AUGMENTATION,RESEARCH AND PROFESSIONAL DEVELOPMENT, SUPPORT OF STUDENT TRAVEL ANDRESEARCH, AND SUPPORT OF USD MUSEUMS AND VARIOUS AUXILIARY PROGRAMS. IN 2019, $3.7 MILLION WAS PROVIDED TO SUPPORT THESE NEEDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Adage Capital Management Lp
Investment Fees
$229,226
Erickson Solutions
It Consulting/services
$139,883
Blackstone
Investment Fees
$172,004
Anderson Brothers Printing Co
Printing
$145,323
Advancement Services Llc
Fundraising Consulting
$136,478
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$145,819
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$16,364,573
Noncash contributions included in lines 1a–1f $2,723,953
Total Revenue from Contributions, Gifts, Grants & Similar$16,510,392
Total Program Service Revenue$978,707
Investment income $6,301,269
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$9,879
Net Gain/Loss on Asset Sales $4,407,029
Net Income from Fundraising Events $151,018
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,430,716

Grants Awarded

Over the last fiscal year, University Of South Dakota Foundation has awarded $16,216,297 in support to 8 organizations.

Grant RecipientAmount

UNIVERSITY OF SOUTH DAKOTA

PURPOSE: $8,356,171 FOR SCHOLARSHIPS, $5,222,038 FOR FACILITIES AND $ 2,516,820 OTHER DEPARTMENTAL SUPPORT.

$16,095,029

SOUTH DAKOTA STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS

$30,178

SOUTH DAKOTA STATE MEDICAL ASSOCIATION (SDSME)

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: STUDENT SUPPORT

$24,290

VERMILLION CHAMBER & DEVELOPMENT

Org PageRecipient Profile

Vermillion, SD

PURPOSE: PROGRAM SUPPORT

$20,520

BLACK HILLS PLAYHOUSE

Org PageRecipient Profile

Rapid City, SD

PURPOSE: PROGRAM SUPPORT

$19,455

SOUTH DAKOTA HALL OF FAME

Org PageRecipient Profile

Chamberlain, SD

PURPOSE: PROGRAM SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 22 grants that University Of South Dakota Foundation has recieved totaling $442,114.

Awarding OrganizationAmount
Verne And Bonnie Anderson Charitable Tr

St Louis, MO

PURPOSE: GENERAL SUPPORT

$272,453
Crazy Horse Memorial Foundation

Crazy Horse, SD

PURPOSE: SCHOLARSHIP

$31,720
Hatterscheidt Foundation Inc

Aberdeen, SD

PURPOSE: SCHOLARSHIPS

$23,000
Organization Name not Listed

PURPOSE: PROGRAM SUPPORT

|

$20,027
Cannon Valley Communicationfoundation

Elysian, MN

PURPOSE: MEDICAL SCHOLARSHIPS

$15,000
Cannon Valley Communicationfoundation

Elysian, MN

PURPOSE: MEDICAL SCHOLARSHIPS

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$231,416,534
Earnings$34,340,271
Admin Expense$4,290,093
Net Contributions$7,140,295
Grants$8,211,279
Ending Balance$260,395,728

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