2025-05-13T14:10:03-05:00 2024-06-30 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET MINNEAPOLIS MN 55402 990 2023-07-01 421143702 IOWA STATE UNIVERSITY FOUNDATION IOWA 5152944607 2505 UNIVERSITY BLVD PO BOX 2230 AMES IA 500102230 EMILY HAGER CHIEF FINANCIAL OFFICER 5152944607 2025-05-12 1 0 CHRIS MESKIMEN P01314196 6123974000 2023 2025-03-06 01:10:19Z EMILY HAGER 2505 UNIVERSITY BLVD PO BOX 2230 AMES IA 500102230 435178495 0 X WWW.FOUNDATION.IASTATE.EDU X 1980 IA ALIGNING DONOR PASSION AND GENEROSITY TO ADVANCE IOWA STATE UNIVERSITY'S LAND-GRANT IDEALS. 17 17 295 233 167981 167981 111023294 111415632 0 0 33174433 28965064 2838145 2832319 147035872 143213015 119331142 165625651 0 0 18185976 21290851 0 18228 21928798 16252369 18384778 153769487 205319508 -6733615 -62106493 1874949873 1955859918 38796886 49004829 1836152987 1906855089 X SEE SCHEDULE O. 0 0 58771767 58771767 887117 STUDENT SUPPORT: IOWA STATE UNIVERSITY UNDERGRADUATE AND GRADUATE STUDENTS RECEIVED OVER $58.8 MILLION IN SCHOLARSHIPS, FELLOWSHIPS, LOANS, AND AWARDS FROM PRIVATE GIFT SUPPORT. STUDENTS RECEIVED BOTH MERIT AND NEED-BASED SCHOLARSHIPS ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. PRIVATE GIFT SUPPPORT 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 2024, MORE THAN 8,100 STUDENTS RECEIVED SCHOLARSHIPS FUNDED BY PRIVATE GIFT SUPPORT. 37042976 37042976 680082 FACULTY AND PROGRAM SUPPORT: WITH OVER $37.0 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 2024, THE NUMBER OF ENDOWED FACULTY POSITIONS (CHAIRS, PROFESSORSHIPS, AND FELLOWSHIPS) WAS 243. 61798296 61798296 932801 FACILITIES: THE FOUNDATION PROVIDED NEARLY $61.8 MILLION TO THE UNIVERSITY IN SUPPORT OF NEW BUILDING CONTRUCTION, 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 THERKILDSEN INDUSTRIAL ENGINEERING BUILDING, ISU KENT CORP FEED MILL AND GRAIN SCIENCE COMPLEX, AND MORE. 8012612 8012612 0 NONCASH GRANTS 8012612 8012612 0 165625651 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 94 0 1 295 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 AK AZ CA KY MA MD MI MN NH NJ NY OH OR SC UT WI WV X X EMILY HAGER 5152944607 2505 UNIVERSITY BOULEVARD AMES IA 500102230 LARISSA HOLTMYER JONES PRESIDENT AND CEO 40.00 0.00 X 538497 0 56753 JEREMY GALVIN VP & CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 308877 0 47943 ROSA UNAL VP & CHIEF INFO OFFICER 40.00 0.00 X 217442 0 41366 EMILY HAGER VP & CHIEF FINANCIAL OFFICER 40.00 1.00 X 208299 0 43951 ANN TORGERSON-ROSS VP & CHIEF HUMAN RESOURCES OFFICER 40.00 0.00 X 212970 0 29531 RYAN HARMS ASSISTANT VP OF DEVELOPMENT 40.00 0.00 X 192335 0 41751 KELLY HANFELT ASSISTANT VP OF DEVELOPMENT 40.00 0.00 X 180837 0 42908 ROBERT KINSEY ASSISTANT VP OF DEVELOPMENT 40.00 0.00 X 177631 0 44758 MARY EVANSON ASSISTANT VP OF DEVELOPMENT 40.00 0.00 X 170287 0 40631 AMY KRUZICH ASSISTANT VP OF DEVELOPMENT 40.00 0.00 X 183588 0 26988 MARY JANE HAGENSON CHAIR 2.00 0.00 X X 0 0 0 TERRY TOBIN VICE CHAIR 2.00 0.00 X X 0 0 0 CRAIG DENNY SECRETARY 2.00 0.00 X X 0 0 0 DANA WENSTRAND TREASURER 2.00 0.00 X X 0 0 0 LINDA SCHAKEL DIRECTOR (START 7/23) 1.00 0.00 X 0 0 0 AJAY DESAI DIRECTOR 1.00 0.00 X 0 0 0 CHARLES SUKUP DIRECTOR 1.00 0.00 X 0 0 0 DAVID KINGLAND DIRECTOR 1.00 0.00 X 0 0 0 DEE VANDEVENTER DIRECTOR 1.00 0.00 X 0 0 0 JIM BOREL DIRECTOR (START 11/23) 1.00 0.00 X 0 0 0 JON FLEMING DIRECTOR 1.00 0.00 X 0 0 0 LARRY PITHAN DIRECTOR 1.00 0.00 X 0 0 0 LEN RODMAN DIRECTOR (END 11/23) 1.00 0.00 X 0 0 0 RIC JURGENS DIRECTOR 1.00 0.00 X 0 0 0 RICHARD MAHONEY DIRECTOR 1.00 0.00 X 0 0 0 RON HALLENBECK DIRECTOR 1.00 0.00 X 0 0 0 TED OBERLANDER DIRECTOR 1.00 0.00 X 0 0 0 WENDY WINTERSTEEN DIRECTOR 1.00 1.00 X 0 0 0 2390763 0 416580 33 0 1 0 VIKING LONG FUND LP 55 RAILROAD AVE GREENWICH CT 068306378 INVESTMENT FEES 1066110 CAMBRIDGE ASSOCIATES LLC 4100 NORTH FAIRFAX DRIVE SUITE 130 ARLINGTON VA 222031664 CONSULTING 830813 SALESFORCE INC PO BOX 39000 SAN FRANCISCO CA 94139 ONLINE/SOFTWARE SERVICES 725038 ADAGE CAPITAL PARTNERS LP 200 CLARENDON ST 52 BOSTON MA 02116 INVESTMENT FEES 712491 UC INNOVATION 2855 MICHELLE DR 190 IRVINE CA 92606 CONSULTING 355315 37 111415632 21690043 111415632 4057647 167981 3889666 863 863 331456 0 331456 331456 331456 316784936 87961 291875351 90129 24909585 -2168 24907417 24907417 ADMINISTRATIVE FEE 541900 2500000 2500000 2500000 143213015 2500000 167981 29129402 165625651 165625651 1970088 978012 992076 14810087 2025690 12784397 1307883 180124 1127759 2121332 413222 1708110 1081461 186112 895349 120486 120486 235615 235615 18228 18228 10686170 10686170 1341599 746127 595472 148467 236 148231 1057267 420326 636941 2254525 739761 1514764 286724 286724 998562 214424 784138 883353 160357 722996 210014 210014 148087 148087 MISCELLANEOUS EXPENSES 13909 13572 337 205319508 165625651 17765059 21928798 18813769 5185647 98379461 85391026 109561 41451 22971308 3550151 21906218 19421157 326126422 332982523 1312833009 1437520522 96781433 75317592 1874949873 1955859918 1481431 1705530 37315455 47299299 38796886 49004829 X 78567687 103308500 1757585300 1803546589 1836152987 1906855089 1874949873 1955859918 X -62106493 133722266 -2089255 X 0 1 X 1 0 X 128662798 150793472 211090028 111023294 111415632 712985224 128662798 150793472 211090028 111023294 111415632 712985224 68572897 644412327 1973446 1384427 1343661 3093820 4389966 12185320 661851 17041 73 145 679110 725849654 12450000 0.88780 0.89280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 661,851. 2020 AMOUNT: $ 17,041. 2021 AMOUNT: $ 73. 2022 AMOUNT: $ 145. SCHEDULE A, PART II, LINE 10: OTHER INCOME INCLUDES FEES FOR VARIOUS SERVICES AND OTHER MISCELLANEOUS INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1324081267 26105585 134608160 15879726 39708693 17308634 1411897959 1264522768 37291341 88553919 14390092 35640628 16256041 1324081267 1253546596 94868363 -22142225 12486361 31990646 17272959 1264522768 930883959 55033035 319350426 11117471 27430428 13172925 1253546596 948722078 27587958 3018501 10484443 26182171 11777964 930883959 0.02000 0.98000 1 0 16435516 960000 17395516 4700488 2818433 1882055 875304 731718 143586 19421157 EQUITY 718017739 F HEDGE FUNDS 161767280 F PRIVATE EQUITY 330188295 F NATURAL RESOURCES/COMMODITIES 37459118 F REAL ESTATE 50498589 F FIXED INCOME 139589501 F 1437520522 SPLIT INTEREST AGREEMENT OBLIG 21337956 DUE TO RELATED ORGANIZATIONS 24975609 TRUST LIABILITY DUE TO OTHERS 488213 OTHER LONG TERM LIABILITIES 497521 47299299 X PART V, LINE 4: THE IOWA STATE UNIVERSITY FOUNDATION USES THE EARNINGS FROM THE ENDOWMENT FUNDS BASED UPON THE DONOR INTENT OF INDIVIDUAL ENDOWED ACCOUNTS. THESE USES INCLUDE SUPPORT FOR COLLEGE PROGRAMS, STUDENT FINANCIAL AID, FACULTY AND STAFF, RESEARCH, BUILDINGS, EQUIPMENT, AND MAINTENANCE, AS WELL AS OTHER USES. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE IMPACT ONLY WHEN THERE IS A HIGHER PROBABILITY THAT THOSE POSITIONS WILL BE MAINTAINED. SUCH TAX POSITIONS, WHICH ARE MORE THAN 50% LIKELY OF BEING REALIZED, ARE MEASURED AT THEIR HIGHEST VALUE. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 273678334 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 14751062 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 4207231 0 0 0 0 0 0 292636627 0 292636627 1 0 1 1 1 0 SCHEDULE F, PART IV, LINE 4: THE IOWA STATE UNIVERSITY FOUNDATION IS AN INDIRECT SHAREHOLDER IN VARIOUS PASSIVE FOREIGN INVESTMENT COMPANIES THROUGH ITS PARTNERSHIP INVESTMENTS. HOWEVER, BASED ON THE RULES OF FILING THE FORM 8621, NO FORM IS REQUIRED. X 0 GRENZEBACH GLIER & ASSOCIATES INC 200 S MICHIGAN AVENUE SUITE 2100 CHICAGO IL 60604 FUNDRAISING CONSULTANT 0 0 988 0 HURON CONSULTING GROUP LLC PO BOX 71223 CHICAGO IL 60694 FUNDRAISING CONSULTANT 0 0 17240 0 18228 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA MD MA MI ME MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY 1 IOWA STATE UNIVERSITY BEARDSHEAR HALL AMES IA 50011 426004224 GOVERNMENT ENTITY 157613039 8012612 FMV SEE PART IV SEE PART IV 1 PART I, LINE 2: MONITORING COMPLIANCE WITH DONOR INTENT IS A COLLABORATIVE EFFORT BETWEEN GIFT FUND ADMINISTRATORS AT IOWA STATE UNIVERSITY AND THE DONOR COMPLIANCE SERVICES TEAM AT THE FOUNDATION. UNIVERSITY PERSONNEL ARE RESPONSIBLE FOR MONITORING EXPENDITURES FOR APPROPRIATENESS AND ALLOWABILITY. THE DONOR COMPLIANCE SERVICES TEAM STRIVES TO MONITOR THE EXPENDITURES AND BALANCES OF THE VARIOUS ACCOUNTS, WITH THE FOCUS ON DONOR INTENT, AS WELL AS DEVELOP STRATEGIES TO ENSURE DONOR COMPLIANCE WITH THE DONOR GIFT AGREEMENTS IN PLACE. PART II, LINE 1(G) & 1(H) NAME OF THE ORGANIZATION OR GOVERNMENT: IOWA STATE UNIVERSITY (G) DESCRIPTION OF NON-CASH ASSISTANCE: PUBLICLY TRADED SECURITIES, BOOKS, ART, AND OTHER NON-CASH GIFTS (H) PURPOSE OF GRANT OR ASSISTANCE: GRANTS ARE PROVIDED TO IOWA STATE UNIVERSITY IN THE FORM OF STUDENT SUPPORT (SCHOLARSHIPS, FELLOWSHIPS, LOANS, AWARDS), FACULTY AND STAFF SUPPORT (ENDOWED FACULTY POSITIONS, RESEARCH, PROFESSIONAL DEVELOPMENT), PROGRAM SUPPORT (ACADEMIC AND OUT-OF-CLASSROOM PROGRAMS AND CAMPUS ORGANIZATIONS), AND FACILITIES SUPPORT (BUILDING CONSTRUCTION AND RENOVATION, EQUIPMENT). X X 1 1 X X X 0 0 0 0 0 0 0 1 0 LARISSA HOLTMYER JONES PRESIDENT AND CEO 487256 0 15000 0 36241 0 33000 0 23753 0 595250 0 0 0 JEREMY GALVIN VP & CHIEF DEVELOPMENT OFFICER 307300 0 0 0 1577 0 31014 0 16929 0 356820 0 0 0 ROSA UNAL VP & CHIEF INFO OFFICER 192724 0 0 0 24718 0 21864 0 19502 0 258808 0 0 0 EMILY HAGER VP & CHIEF FINANCIAL OFFICER 207336 0 0 0 963 0 21477 0 22474 0 252250 0 0 0 ANN TORGERSON-ROSS VP & CHIEF HUMAN RESOURCES OFFICER 210776 0 0 0 2194 0 21045 0 8486 0 242501 0 0 0 RYAN HARMS ASSISTANT VP OF DEVELOPMENT 179404 0 0 0 12931 0 19397 0 22354 0 234086 0 0 0 KELLY HANFELT ASSISTANT VP OF DEVELOPMENT 179675 0 0 0 1162 0 18515 0 24393 0 223745 0 0 0 ROBERT KINSEY ASSISTANT VP OF DEVELOPMENT 176619 0 0 0 1012 0 18294 0 26464 0 222389 0 0 0 MARY EVANSON ASSISTANT VP OF DEVELOPMENT 169427 0 0 0 860 0 17248 0 23383 0 210918 0 0 0 AMY KRUZICH ASSISTANT VP OF DEVELOPMENT 182701 0 0 0 887 0 18330 0 8658 0 210576 0 0 0 PART I, LINE 1A WHEN THERE IS A BUSINESS PURPOSE, OCCASIONAL PRIVATE/CHARTER AIRCRAFT ARE USED. TRAVEL FOR COMPANIONS WAS PROVIDED WHEN THERE WAS A BUSINESS PURPOSE FOR THE COMPANION ATTENDING THE FUNDRAISING EVENT. THESE BENEFITS ARE CONSIDERED BUSINESS EXPENSES AND THEREFORE ARE NOT CONSIDERED TAXABLE INCOME TO THE INDIVIDUALS. PART I, LINE 7 CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II RECEIVED DISCRETIONARY NONFIXED COMPENSATION AS DETERMINED BY THE BOARD OF DIRECTORS. DISCRETIONARY PAYMENTS ARE SHOWN IN SCHEDULE J, PART II, COLUMN B(II). SCHEDULE J, PART II: ALL EMPLOYEES PARTICIPATE IN A RETIREMENT PLAN CONSISTING OF A 403(B) DEFINED CONTRIBUTION PLAN. X 2 40688 OPINIONS OF EXPERTS X 1 572 OPINIONS OF EXPERTS X 12 OPINIONS OF EXPERTS X 95 7858867 COST OR SELLING PRICE X 1121 5338064 COST OR SELLING PRICE X 1 65000 OPINIONS OF EXPERTS X 1 87000 OPINIONS OF EXPERTS X EQUIPMENT 25 7868081 REPLACEMENTS COST X OTHER 56 344970 REPLACEMENTS COST X GRAIN 7 86789 COST OR SELLING PRIC 5 0 1 1 PART I, COLUMN (B): THIS REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE IOWA STATE UNIVERSITY FOUNDATION HIRES REAL ESTATE COMPANIES OR SIMILAR ORGANIZATIONS TO SELL ANY REAL ESTATE PROPERTY. VARIOUS STOCK GIFTS ARE SOLD THROUGH STOCK BROKERS WHERE THE ISU FOUNDATION HOLDS AN ACCOUNT. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: IOWA STATE UNIVERSITY FOUNDATION'S MISSION IS TO ALIGN DONOR PASSION AND GENEROSITY TO ADVANCE IOWA STATE UNIVERSITY'S LAND-GRANT IDEALS. THE FOUNDATION MAXIMIZES PHILANTHROPY IN SUPPORT OF IOWA STATE UNIVERSITY - ITS STUDENTS, FACULTY, FACILITIES, AND PROGRAMS. THIS IS ACCOMPLISHED BY PROMOTING AND NURTURING VOLUNTEERISM AND PHILANTHROPY, COLLABORATING AND BUILDING PARTNERSHIPS WITH UNIVERSITY ADMINISTRATORS AND FACULTY, BUILDING LONG-TERM RELATIONSHIPS WITH DONORS WHILE REPRESENTING THEIR NEEDS AND INTERESTS, OPERATING WITH OPENNESS AND TRANSPARENCY WHILE HONORING DONORS' PRIVACY, AND PROVIDING FOUNDATION STAFF AND VOLUNTEERS WITH THE TOOLS AND RESOURCES NEEDED TO ACHIEVE THESE GOALS. THE FOUNDATION RAISED OVER $179 MILLION IN NEW GIFTS AND COMMITMENTS FOR THE YEAR ENDING ON JUNE 30, 2024. THESE RESULTS WERE DUE TO THE GENEROUS SUPPORT OF OVER 42,000 BENEFACTORS, INCLUDING OVER 6,600 FIRST-TIME DONORS. AS A LAND-GRANT UNIVERSITY, IOWA STATE IS COMMITTED TO THE MISSION OF PROVIDING OPPORTUNITIES FOR STUDENTS OF ALL BACKGROUNDS TO ACCESS AND OBTAIN A HIGH-QUALITY COLLEGE EDUCATION. FORM 990, PART VI, SECTION A, LINE 6 AS OF THE EFFECTIVE DATE OF THE AMENDED AND RESTATED BYLAWS, THE CORPORATION HAS MEMBERS WHICH ARE KNOWN AS THE "IOWA STATE UNIVERSITY FOUNDATION GOVERNORS." EACH MEMBER SHALL SERVE UNTIL DEATH OR UNTIL RESIGNATION OR REMOVAL PURSUANT TO THE AMENDED AND RESTATED BYLAWS. ADDITIONAL PERSONS MAY BECOME MEMBERS UPON NOMINATION BY ANOTHER MEMBER, FOLLOWED BY RECOMMENDATION BY THE GOVERNOR MEMBERSHIP COMMITTEE, APPROVAL BY THE BOARD OF DIRECTORS, AND ELECTION BY THE CORPORATION'S MEMBERS AT ANY ANNUAL OR SPECIAL MEETING. THE AFFAIRS AND BUSINESS OF THE CORPORATION SHALL BE CONDUCTED BY A BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS COMPOSED OF UP TO TWENTY (20) DIRECTORS ALLOCATED AMONG FOUR CLASSES OF DIRECTORS. A) CLASS A DIRECTORS SHALL BE BETWEEN TEN (10) AND TWELVE (12) IN NUMBER, AND SHALL BE ELECTED FROM AND BY THE MEMBERS OF THE CORPORATION UPON NOMINATION BY THE BOARD GOVERNANCE COMMITTEE AND APPROVAL BY THE BOARD OF DIRECTORS. THE TERM OF EACH CLASS A DIRECTOR SHALL COMMENCE WITH THE START OF THE CORPORATION'S FISCAL YEAR IMMEDIATELY FOLLOWING SUCH DIRECTOR'S ELECTION AND SHALL CONTINUE UNTIL THE EXPIRATION OF THE FOURTH FISCAL YEAR THEREAFTER, PROVIDED, HOWEVER, THAT ANY DIRECTOR ELECTED TO FILL A VACANCY SHALL SERVE FOR THE REMAINDER OF THE VACATED TERM. EACH CLASS A DIRECTOR MAY SERVE UP TO TWO (2) TERMS, WHICH MAY BE CONSECUTIVE. B) CLASS B DIRECTORS SHALL CONSIST OF THOSE INDIVIDUALS WHO ARE MEMBERS OF THE CORPORATION WHO ARE NOT THEN-CURRENTLY SERVING AS CLASS A DIRECTORS, BUT WHO ARE NEVERTHELESS NOMINATED BY THE CHAIR AND SELECTED BY THE BOARD TO SERVE AS A CHAIR OF ONE OF THE FOLLOWING COMMITTEES OF THE BOARD; (I) AUDIT COMMITTEE, (II) DEVELOPMENT COMMITTEE, (OR CAMPAIGN COMMITTEE), (III) FINANCE COMMITTEE, (IV) INVESTMENT COMMITTEE, AND (V) BOARD GOVERNANCE COMMITTEE. CLASS B DIRECTORS SHALL SERVE FOR THE DURATION OF THEIR QUALIFYING CHAIRSHIP. C) THE CORPORATION SHALL HAVE ONE (1) CLASS C DIRECTOR WHO SHALL BE THE INDIVIDUAL THEN-SERVING AS PRESIDENT OR INTERIM PRESIDENT OF IOWA STATE UNIVERSITY. THE CLASS C DIRECTOR SHALL SERVE FOR THE DURATION OF HIS OR HER TENURE AS PRESIDENT OR INTERIM PRESIDENT OF IOWA STATE UNIVERSITY. D) THE CORPORATION MAY HAVE UP TO TWO (2) CLASS D DIRECTORS, WHO MAY OR MAY NOT BE MEMBERS OF THE CORPORATION, APPOINTED BY THE BOARD OF DIRECTORS AT A REGULAR OR SPECIAL MEETING. THE TERM OF EACH CLASS D DIRECTOR SHALL BE DESIGNATED BY THE BOARD OF DIRECTORS UPON SUCH APPOINTMENT. APPOINTMENT OF CLASS D DIRECTORS, IF ANY, SHALL BE WITHIN THE DISCRETION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B EACH ACTIVE MEMBER OF THE CORPORATION PRESENT SHALL BE ENTITLED TO ONE VOTE ON ANY QUESTION PROPERLY COMING BEFORE THE MEMBERS AT AN ANNUAL OR SPECIAL MEETING. WHILE THE AFFAIRS AND BUSINESS OF THE CORPORATION ARE DIRECTED TO AND CONDUCTED BY THE BOARD OF DIRECTORS, THE MEMBERS OF THE CORPORATION SHALL BE RESPONSIBLE FOR APPROVAL OF CLASS A DIRECTORS AND ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION FOR FORM 990 IS PREPARED AND COMPILED BY THE FINANCE STAFF OF THE IOWA STATE UNIVERSITY FOUNDATION AND PROVIDED TO DELOITTE TAX LLP. AFTER INPUTTING THE DATA INTO THEIR TAX SOFTWARE, AN INITIAL DRAFT OF THE FORM 990 IS PROVIDED TO THE FOUNDATION FOR REVIEW BY THE CONTROLLER AND THE CHIEF FINANCIAL OFFICER. AFTER INCORPORATING ANY CHANGES AND COMPLETING THEIR REVIEW, DELOITTE TAX PROVIDES A FINAL DRAFT FOR PRESENTATION TO THE ISU FOUNDATION AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE FORM 990 IS PROVIDED TO THE ISU FOUNDATION BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. THE FORM 990 IS THEN ELECTRONICALLY FILED WITH THE IRS BY DELOITTE TAX. THE PUBLIC DISCLOSURE COPY IS PROVIDED IN ORDER TO MORE THOROUGHLY PROTECT THE PRIVACY OF DONORS. FORM 990, PART VI, SECTION B, LINE 12C THE IOWA STATE UNIVERSITY FOUNDATION, ON AN ANNUAL BASIS, PROVIDES A COPY OF THE CONFLICT OF INTEREST POLICY TO ALL RESPONSIBLE PERSONS, INCLUDING THE BOARD OF DIRECTORS, COMMITTEE MEMBERS, AND ALL EMPLOYEES WHO INFLUENCE THE ACTIONS OF THE ISU FOUNDATION. RESPONSIBLE PERSONS ARE ASKED TO REVIEW THE POLICY AND DISCLOSE ANY CONFLICTS OF INTEREST AS OUTLINED IN THE POLICY ON AN ANNUAL BASIS. DISCLOSED CONFLICTS ARE REVIEWED BY THE BOARD GOVERNANCE COMMITTEE AND ARE HANDLED ON AN INDIVIDUAL BASIS. COMPLETED DISCLOSURE FORMS ARE RETAINED IN THE FOUNDATION'S PERMANENT FILE. FORM 990, PART VI, SECTION B, LINE 15 ANY CHANGE TO COMPENSATION FOR THE PRESIDENT OF THE IOWA STATE UNIVERSITY FOUNDATION IS AUTHORIZED BY THE STAFF TALENT COMMITTEE OF THE BOARD OF DIRECTORS, ACTING AS THE ENTITY'S COMPENSATION COMMITTEE. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE STAFF TALENT COMMITTEE BASED UPON THE RECOMMENDATION OF THE CHAIR. THE CHAIR'S RECOMMENDATION IS BASED ON 1) GATHERING INFORMATION REGARDING COMPENSATION BEING PAID TO PERSONS IN COMPARABLE POSITIONS AROUND THE COUNTRY (PREPARED BY THE HUMAN RESOURCES ADMINISTRATOR), 2) SOLICITING A SELF-EVALUATION FROM THE PRESIDENT, TOGETHER WITH EVALUATIONS FROM ANYONE ELSE THE CHAIR DEEMS APPROPRIATE, 3) CONDUCTING A PERFORMANCE REVIEW WITH THE PRESIDENT AND ESTABLISHING NEW OBJECTIVES FOR THE YEAR, 4) COMPENSATION SURVEYS COMPLETED ANNUALLY, AND 5) EVALUATING WITH OTHER MEMBERS OF THE COMMITTEE THE PERFORMANCE IN LIGHT OF THE OBJECTIVES ESTABLISHED AT THE BEGINNING OF THE YEAR. COMPENSATION RELATED TO THE SENIOR LEADERSHIP TEAM IS DETERMINED BY THE PRESIDENT OF THE FOUNDATION, WHO IS ALSO ADVISED BY BOARD MEMBERS IN REGARDS TO QUALIFICATION STANDARDS. COMPENSATION INFORMATION FOR THE PRESIDENT IS SHARED WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF ALL OF THE ISU FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY CAN BE REQUESTED THROUGH THE ISU FOUNDATION OFFICE. THE FINANCIAL STATEMENTS AND TAX RETURNS FOR THE PAST THREE YEARS ARE ALSO PROVIDED ON THE ISU FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: ANNUITY PAYMENTS -2,089,255. FORM 990, PART VI, LINE 16A: BECAUSE OF ITS PARTICIPATION IN VARIOUS INVESTMENTS THAT REQUIRE THE EXECUTION OF LIMITED PARTNERSHIP AGREEMENTS (SEE SCHEDULE D, PART VII), THE ISU FOUNDATION ANSWERS "YES" TO LINE 16A. HOWEVER, AS LINE 16B RELATES TO A TRUE JOINT VENTURE ARRANGEMENT WHEREBY THE ORGANIZATION NEGOTIATES WITH OTHER MEMBERS OF THE VENTURE (IN CONTRAST TO THE FOUNDATION'S PASSIVE INVESTMENT APPROACH), THIS LINE IS ANSWERED "NO." FOUNDATION PROPERTIES 2505 UNIVERSITY BOULEVARD AMES IA 500102230 421143702 REAL ESTATE IA IOWA STATE UNIVERSITY FOUNDATION FORESTRY CAMP LLC 2505 UNIVERSITY BOULEVARD AMES IA 500102230 REAL ESTATE IA 3100000 IOWA STATE UNIVERSITY FOUNDATION FOUNDATION VENTURES 2505 UNIVERSITY BOULEVARD AMES IA 500102230 421143702 INVESTMENT IA IOWA STATE UNIVERSITY FOUNDATION EARTH PROGRAM LLC 2505 UNIVERSITY BOULEVARD AMES IA 500102230 421143702 REAL ESTATE IA 1585000 IOWA STATE UNIVERSITY FOUNDATION THE ORIGINAL UNIVERSITY FOUNDATION 2505 UNIVERSITY BOULEVARD AMES IA 500102230 420861651 SUPPORT IA 501(C)(3) 1 IOWA STATE UNIVERSITY FOUNDATION 1 IOWA STATE UNIVERSITY ACHIEVEMENT FUND 2505 UNIVERSITY BOULEVARD AMES IA 500102230 426059969 SUPPORT IA 501(C)(3) 1 IOWA STATE UNIVERSITY FOUNDATION 1 ISU FACILITIES CORPORATION 2505 UNIVERSITY BOULEVARD AMES IA 500102230 474757561 BOND ISSUANCE IA 501(C)(3) 1 IOWA STATE UNIVERSITY FOUNDATION 1 CHARITABLE REMAINDER TRUSTS (43) 2505 UNIVERSITY BOULEVARD AMES IA 500102230 421143702 TRUST IA IOWA STATE UNIVERSITY FOUNDATION T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHARITABLE REMAINDER TRUSTS (43) S 169493 SCHEDULE R, PART II: THE IOWA STATE UNIVERSITY FOUNDATION WAS ESTABLISHED IN 1980 TO SERVE AS THE PRIMARY FUNDRAISING ORGANIZATION FOR IOWA STATE UNIVERSITY. THE ORIGINAL UNIVERSITY FOUNDATION AND THE IOWA STATE UNIVERSITY ACHIEVEMENT FUND WERE BOTH PREDECESSOR ORGANIZATIONS TO THE ISU FOUNDATION AND CONTINUE TO EXIST AS SEPARATE LEGAL ENTITIES. ANY ACTIVITY RELATING TO THE TWO PREDECESSOR ORGANIZATIONS IS TRANSFERRED IMMEDIATELY INTO THE ISU FOUNDATION. FOR FINANCIAL STATEMENT PURPOSES, ALL THREE ORGANIZATIONS ARE REPORTED ON A COMBINED BASIS DUE TO A COMMON BOARD OF DIRECTORS, COMMON MANAGEMENT, AND THE COMMON MISSION TO SUPPORT THE UNIVERSITY. THE ISU FACILITIES CORPORATION IS A RELATED TAX-EXEMPT ORGANIZATION, ESTABLISHED PRIMARILY TO ISSUE REVENUE BONDS TO ASSIST IN FUNDING CONSTRUCTION PROJECTS AT THE UNIVERSITY. THE BONDS ARE PAYABLE SOLELY FROM THE LEASE PAYMENTS PAID BY THE UNIVERSITY FOR THE FACILITIES AND UPON REPAYMENT OF THE BONDS, OWNERSHIP OF THE FACILITIES TRANSFER TO THE UNIVERSITY. FOR FINANCIAL STATEMENT PURPOSES, THE ISU FACILITIES CORPORATION ACTIVITY IS REPORTED IN IOWA STATE UNIVERSITY'S FINANCIAL STATEMENTS.