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 12/2021, University Of South Dakota Foundation employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of South Dakota Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, University Of South Dakota Foundation generated $49.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $22.1m during the year ending 12/2020. While expenses have increased by 18.4% per year over the past 6 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.

Since 2015, University Of South Dakota Foundation has awarded 44 individual grants totaling $115,458,166. 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

2020

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 2020-2021 ACADEMIC YEAR, $9.5 MILLION IN SCHOLARSHIPS WERE AWARDED. FOR THE 2021-2022 ACADEMIC YEAR, $10 MILLION IN SCHOLARSHIPS WERE AWARDED. THIS LEVEL OF FUNDING REPRESENTS AN INCREASE OF 33.5% OVER THE LAST 5 YEARS.


PROVIDE FUNDS TO CONSTRUCT NEW CAMPUS FACILITIES AND RESTORE, REPAIR AND MAINTAIN EXISTING FACILITIES. THE FOUNDATION HAS BEEN INSTRUMENTAL IN A MAJOR RENOVATION AND RECONSTRUCTION PLAN FOR FACILITIES AT USD. SINCE 1996, $98.9 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 AND RESEARCH, AND SUPPORT OF USD MUSEUMS AND VARIOUS AUXILIARY PROGRAMS. IN 2021, $3.5 MILLION WAS PROVIDED TO SUPPORT THESE NEEDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Erickson Solutions Group
It Support And Equipment
$165,367
Bwf
Fundraising Support, Consulting, Benchma
$115,289
Wittkieffer Inc
Ceo Search
$100,022
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$27,405,142
Investment income $4,240,140
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,792
Net Gain/Loss on Asset Sales $16,947,533
Net Income from Fundraising Events $156,604
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $49,591,248

Grants Awarded

Over the last fiscal year, University Of South Dakota Foundation has awarded $15,470,243 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF SOUTH DAKOTA

PURPOSE: $9,985,479 FOR SCHOLARSHIPS, $1,996,378 FOR FACILITIES AND $3,449,882 OTHER DEPARTMENTAL SUPPORT

$15,431,739

SOUTH DAKOTA STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS

$23,504

VERMILLION AREA CHAMBER & DEVELOPMENT COMPANY

Org PageRecipient Profile

Vermillion, SD

PURPOSE: PROGRAM SUPPORT

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that University Of South Dakota Foundation has recieved totaling $1,331,024.

Awarding OrganizationAmount
Alumni Association Of The University Of South Dakota

Vermillion, SD

PURPOSE: ENDOWMENT FOR SCHOLARSHIPS OF USD ALUMNI CHILDREN

$1,197,534
Alumni Association Of The University Of South Dakota

Vermillion, SD

PURPOSE: FOR SCHOLARSHIPS OF USD ALUMNI CHILDREN

$58,188
Dokken Family Foundation

Dakota Dunes, SD

PURPOSE: COYOTE ATHLETIC COMPLEX

$50,000
Joy A Cunningham Charitable Foundation Tr

Sarasota, FL

PURPOSE: CHARITABLE

$25,000
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$302
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$308,697,131
Earnings$25,213,794
Admin Expense$5,073,977
Net Contributions$7,129,249
Grants$9,144,193
Ending Balance$326,822,004

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