2021-05-14T10:41:57-05:00 2020-06-30 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET SUITE 2800 MINNEAPOLIS MN 55402 990 2019-07-01 421143702 IOWA STATE UNIVERSITY FOUNDATION IOWA 5152944607 2505 UNIVERSITY BLVD PO BOX 2230 AMES IA 500102230 LISA M ESLINGER CFAO 5152944607 2021-05-14 1 CHRIS MESKIMEN P01314196 6123974000 2019 2022-09-23 18:48:47Z LARISSA HOLTMYER JONES 2505 UNIVERSITY BLVD PO BOX 2230 AMES IA 500102230 241404269 0 X WWW.FOUNDATION.IASTATE.EDU X 1980 IA ALIGNING DONOR PASSION AND GENEROSITY TO ADVANCE IOWA STATE UNIVERSITY'S LAND-GRANT IDEALS. 17 17 448 198 -3264233 -3423191 145041131 128662798 0 0 12986884 58087 2779731 3394798 160807746 132115683 118656499 100697998 0 0 13005657 14002939 0 0 15585960 13906228 12314603 145568384 127015540 15239362 5100143 1341412954 1353978392 53409047 46967760 1288003907 1307010632 X SEE SCHEDULE O 0 0 34197589 34197589 849049 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. 28839818 28839818 723656 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. 37349124 37349124 927295 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. 307244 307244 NONCASH GRANTS 4223 4223 ISU FACILITIES CORPORATION FEES 311467 311467 100697998 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 125 0 1 448 1 1 1 0 0 0 0 1 1 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 LISA ESLINGER 5152944607 2505 UNIVERSITY BOULEVARD AMES IA 500102230 GARY STREIT CHAIR 5.00 1.00 X X 0 0 0 RICHARD MAHONEY VICE CHAIR 2.00 0.00 X X 0 0 0 KATHY HOWELL SECRETARY 2.00 0.00 X X 0 0 0 MARY JANE HAGENSON TREASURER 2.00 0.00 X X 0 0 0 JON FLEMING DIRECTOR 1.00 0.00 X 0 0 0 LARRY PITHAN DIRECTOR 1.00 1.00 X 0 0 0 BARBARA JANSON DIRECTOR 1.00 0.00 X 0 0 0 CRAIG DENNY DIRECTOR 1.00 0.00 X 0 0 0 DAVID KINGLAND DIRECTOR 1.00 0.00 X 0 0 0 GREGG BEHRENS DIRECTOR 1.00 0.00 X 0 0 0 JAMES FREIN DIRECTOR 1.00 0.00 X 0 0 0 ROGER UNDERWOOD DIRECTOR 1.00 0.00 X 0 0 0 RON HALLENBECK DIRECTOR 1.00 1.00 X 0 0 0 RIC JURGENS DIRECTOR 1.00 0.00 X 0 0 0 TERRY TOBIN DIRECTOR 1.00 0.00 X 0 0 0 WENDY WINTERSTEEN DIRECTOR 1.00 1.00 X 0 0 0 TED OBERLANDER DIRECTOR 1.00 0.00 X 0 0 0 LARISSA HOLTMYER JONES PRESIDENT AND CEO 40.00 0.00 X 417391 0 47527 LISA ESLINGER CHIEF FINANCIAL/ADMIN OFFICER 40.00 1.00 X 234329 0 41193 JEREMY GALVIN VP FOR DEVELOPMENT 40.00 0.00 X 228464 0 35426 STEVE BIEVER VP FOR DEVELOPMENT 40.00 0.00 X 227447 0 42377 KELLY HANFELT ASSISTANT VP OF DEVELOPMENT 40.00 0.00 X 149684 0 35226 MICHAEL WAHLIN ASSISTANT VP OF INVESTMENTS 40.00 1.00 X 140880 0 34316 ROBERT KINSEY ASSISTANT VP OF DEVELOPMENT 40.00 0.00 X 138234 0 36161 ROSA UNAL ASSOC VP/CHIEF INFO OFFICER 40.00 0.00 X 165651 0 36978 RYAN HARMS EXEC DIR OF DEVELOPMENT 40.00 0.00 X 129973 0 31285 1832053 0 340489 26 0 1 0 CAMBRIDGE ASSOCIATES LLC 4100 NORTH FAIRFAX DRIVE SUITE 130 ARLINGTON VA 222031664 CONSULTING 1024500 VIKING LONG FUND LP 55 RAILROAD AVE GREENWICH CT 068306378 INVESTMENT FEES 718256 ADAGE 200 CLARENDON ST 52ND FL BOSTON MA 02116 INVESTMENT FEES 436798 TWEEDY BROWNE COMPANY LLC METRO CENTER ONE STATION PLACE STAMFORD CT 06902 INVESTMENT FEES 416629 KILTEARN PARTNERS INC 651 HOLIDAY DRIVE SUITE 300 PITTSBURGH PA 15220 INVESTMENT FEES 377957 27 128662798 24952915 128662798 1740499 -3264233 5004732 3791 3791 229156 0 229156 229156 229156 107485126 121048 109149456 139130 -1664330 -18082 -1682412 -1682412 ADMINISTRATIVE FEE 541900 2500000 2500000 OTHER 900099 661851 661851 3161851 132115683 2500000 -3264233 4217118 100697998 100697998 1266060 337150 928910 9738841 1738232 8000609 920218 168515 751703 1358558 325983 1032575 719262 138603 580659 84163 84163 147782 147782 5401119 5401119 1071425 634512 436913 187831 187831 1052315 454578 597737 1308689 408744 899945 269645 269645 591878 136143 455735 472409 65597 406812 69548 69548 244414 244414 92017 92017 ANNUITY PAYMENTS 1306531 1306531 MISCELLANEOUS EXPENSES 14837 14837 127015540 100697998 10731582 15585960 3808183 3991116 141160910 123871109 1094382 870647 16583066 3124329 12889030 13458737 401041478 247680102 755028782 929592868 26390189 34513813 1341412954 1353978392 1058861 1543787 1788052 1656154 50562134 43767819 53409047 46967760 X 32611422 37711563 1255392485 1269299069 1288003907 1307010632 1341412954 1353978392 5100143 13906584 0 X 0 1 X 1 0 X 92963643 182944883 167710694 145041131 128662798 717323149 92963643 182944883 167710694 145041131 128662798 717323149 115135508 602187641 4642341 2511062 2999404 2446679 1973446 14572932 717082 37920968 38638050 44470 265264 45557 39824 661851 1056966 771591097 14055324 0.78040 0.75670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 44,470. 2016 AMOUNT: $ 265,264. 2017 AMOUNT: $ 45,557. 2018 AMOUNT: $ 39,824. 2019 AMOUNT: $ 661,851. 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 948722078 27587958 3018501 10484443 26182171 11777964 930883959 910099589 38146182 46070717 9919724 24488374 11186312 948722078 807114751 68511427 75493805 9349124 21388485 10282785 910099589 604384257 85731410 152520208 9016156 16653833 9851135 807114751 611338724 36833992 -9515406 8605587 15822457 9845009 604384257 1.00000 1 0 9994896 960000 10954896 4585685 2175968 2409717 1042485 948361 94124 13458737 EQUITY 455947091 F HEDGE FUNDS 189022944 F PRIVATE EQUITY 145966625 F NATURAL RESOURCES/COMMODITIES 37139613 F REAL ESTATE 20713816 F FIXED INCOME 80802779 F 929592868 SPLIT INTEREST AGREEMENT OBLIG 19967979 DUE TO RELATED ORGANIZATIONS 21665298 TRUST LIABILITY DUE TO OTHERS 1462575 OTHER LONG TERM LIABILITIES 671967 43767819 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 COLLEGE PROGRAM SUPPORT, STUDENT FINANCIAL AID, FACULTY AND STAFF SUPPORT, RESEARCH, BUILDING, EQUIPMENT AND MAINTENANCE, AS WELL AS OTHER USES. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. 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 - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 203944658 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 2334674 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 2467993 0 0 0 0 0 0 208747325 0 208747325 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 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. 1 IOWA STATE UNIVERSITY BEARDSHEAR HALL AMES IA 50011 426004224 GOVERNMENT ENTITY 100386531 307244 FMV SEE PART IV SEE PART IV ISU FACILITIES CORPORATION 2505 UNIVERSITY BOULEVARD AMES IA 50010 474757561 501(C)(3) 4223 LEGAL FEES 2 0 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 0 0 LARISSA HOLTMYER JONES PRESIDENT AND CEO 386261 0 0 0 31130 0 28000 0 19527 0 464918 0 0 0 LISA ESLINGER CHIEF FINANCIAL/ADMIN OFFICER 231521 0 0 0 2808 0 23680 0 17513 0 275522 0 0 0 JEREMY GALVIN VP FOR DEVELOPMENT 227215 0 0 0 1249 0 22833 0 12593 0 263890 0 0 0 STEVE BIEVER VP FOR DEVELOPMENT 226198 0 0 0 1249 0 22833 0 19544 0 269824 0 0 0 KELLY HANFELT ASSISTANT VP OF DEVELOPMENT 148977 0 0 0 707 0 15354 0 19872 0 184910 0 0 0 MICHAEL WAHLIN ASSISTANT VP OF INVESTMENTS 139302 0 0 0 1578 0 14210 0 20106 0 175196 0 0 0 ROBERT KINSEY ASSISTANT VP OF DEVELOPMENT 137584 0 0 0 650 0 14214 0 21947 0 174395 0 0 0 ROSA UNAL ASSOC VP/CHIEF INFO OFFICER 144761 0 0 0 20890 0 16673 0 20305 0 202629 0 0 0 RYAN HARMS EXEC DIR OF DEVELOPMENT 128829 0 0 0 1144 0 12981 0 18304 0 161258 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. SCHEDULE J, PART II: ALL EMPLOYEES PARTICIPATE IN A RETIREMENT PLAN CONSISTING OF A 403(B) DEFINED CONTRIBUTION PLAN. X 5 23270 OPINIONS OF EXPERTS X 3868 OPINIONS OF EXPERTS X 191 10341163 COST OR SELLING PRICE X 1 212548 COST OR SELLING PRICE X 579 4930693 COST OR SELLING PRICE X 1 403932 COMPARABLE PROPERTIES X 8 13332 OPINIONS OF EXPERTS X NEW FUNDS HELD IN TRUST 2 6131515 COMPARABLE PROPERTIE X OTHER 96 2678432 REPLACEMENTS COST X SURRENDERED LIFE INSURANCE POLICY 1 146335 COST OR SELLING PRIC X GRAIN 9 67827 COST OR SELLING PRIC 6 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: 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 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 $154 MILLION IN NEW GIFTS AND COMMITMENTS FOR THE YEAR ENDING ON JUNE 30, 2020. THESE RESULTS WERE DUE TO THE GENEROUS SUPPORT OF OVER 29,000 BENEFACTORS, INCLUDING NEARLY 4,000 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. ON JULY 1, 2012, THE IOWA STATE UNIVERSITY FOUNDATION LAUNCHED FOREVER TRUE, FOR IOWA STATE, AN EIGHT-YEAR CAMPAIGN WITH A GOAL TO RAISE $1.1 BILLION, WHICH SUPPORTS THE UNIVERSITY'S VISION TO MAKE IOWA STATE THE PREMIER LAND-GRANT UNIVERSITY FOR THE 21ST CENTURY. CAMPAIGN PRIORITIES INCLUDE FUNDING FOR RESEARCH, FACULTY, STUDENT SCHOLARSHIPS, NEW FACILITIES AND INNOVATIVE PROGRAMMING, AMONG OTHERS. FUNDS RAISED DURING THIS CAMPAIGN HAVE THE POTENTIAL TO TRULY TRANSFORM THE UNIVERSITY. AS OF OCTOBER 2018, THE CAMPAIGN GOAL OF $1.1 BILLION WAS SURPASSED AND THE CAMPAIGN WAS EXTENDED TO JUNE 30, 2021 WITH A NEW GOAL OF $1.5 BILLION. AS OF JUNE 30, 2020, CAMPAIGN SUPPORT HAS SURPASSED $1.3 BILLION. 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 AND ADMINISTRATIVE OFFICER. AFTER INCORPORATING ANY CHANGES AND COMPLETING THEIR REVIEW, DELOITTE TAX PROVIDES A FINAL DRAFT OF THE PUBLIC DISCLOSURE COPY OF THE FORM 990 FOR PRESENTATION TO THE ISU FOUNDATION AUDIT COMMITTEE FOR REVIEW AND APPROVAL. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE PUBLIC DISCLOSURE COPY OF 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 VI, LINE 16B: 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 0 291000 IOWA STATE UNIVERSITY FOUNDATION FORESTRY CAMP LLC 2505 UNIVERSITY BOULEVARD AMES IA 500102230 421143702 REAL ESTATE IA 0 3100000 IOWA STATE UNIVERSITY FOUNDATION FOUNDATION VENTURES LCC 2505 UNIVERSITY BOULEVARD AMES IA 500102230 421143702 INVESTMENT IA 0 0 IOWA STATE UNIVERSITY FOUNDATION THE ORIGINAL UNIVERSITY FOUNDATION 2505 UNIVERSITY BOULEVARD AMES IA 500102230 420861651 SUPPORT IA 501(C)(3) L12 TYPE 1 IOWA STATE UNIVERSITY FOUNDATION 1 IOWA STATE UNIVERSITY ACHIEVEMENT FUND 2505 UNIVERSITY BOULEVARD AMES IA 500102230 426059969 SUPPORT IA 501(C)(3) L12 TYPE 1 IOWA STATE UNIVERSITY FOUNDATION 1 ISU FACILITIES CORPORATION 2505 UNIVERSITY BOULEVARD AMES IA 500102230 474757561 BOND ISSUANCE IA 501(C)(3) L12 TYPE 1 IOWA STATE UNIVERSITY FOUNDATION 1 CHARITABLE REMAINDER TRUSTS (48) 2505 UNIVERSITY BOULEVARD AMES IA 500102230 TRUST IA T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHARITABLE REMAINDER TRUSTS (1800198) S 84890 CHARITABLE REMAINDER TRUSTS (1801037) S 243134 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.