2018-10-26T08:35:22-05:00 2017-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2017-01-01 466018891 UNIVERSITY OF SOUTH DAKOTA FOUNDATION UNIV 6056776703 1110 N DAKOTA VERMILLION SD 57069 STEVE BROWN PRESIDENT AND CEO 6056776703 2018-10-18 1 LAURIE HANSON P00851848 6053391999 2018-10-18 8.39.233.107 2018-10-18 08:28:02 CD P 0EF6C9B349DEB06A6B4E5671A1DAE43878736DC9 401A7809F2AA56B1FE621E55666FA95C3E42E950 2017 2018-06-14 16:35:46Z STEVE BROWN 1110 N DAKOTA VERMILLION SD 57069 84356892 0 X WWW.ONWARDSD.ORG X 1928 SD PROVIDE PRIVATE RESOURCES TO BENEFIT THE UNIVERSITY OF SOUTH DAKOTA. 32 32 61 121 205127 157335 19504488 20377869 1168946 955742 6708007 6509763 516448 358156 27897889 28201530 27035705 14982043 0 0 3481064 3632838 217863 104003 2449245 2807306 3361088 33541938 22079972 -5644049 6121558 258034955 287937878 20564161 19497347 237470794 268440531 TO PROVIDE PRIVATE RESOURCES FOR THE UNIVERSITY OF SOUTH DAKOTA TO INCREASE THE EXCELLENCE OF ITS STUDENTS' EDUCATIONAL EXPERIENCE. 0 0 7576291 7576291 960242 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. DURING THE 2016-2017 ACADEMIC YEAR, $7.53 MILLION IN SCHOLARSHIPS WERE AWARDED. FOR THE 2017-2018 ACADEMIC YEAR, $7.6 MILLION IN SCHOLARSHIPS WILL BE AWARDED. THIS LEVEL OF FUNDING REPRESENTS AN INCREASE OF 26% OVER THE LAST 5 YEARS. 4742278 4742278 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, $69 MILLION HAS BEEN PROVIDED FOR FACILITIES THAT HAVE ENHANCED THE STUDENTS' EDUCATIONAL EXPERIENCE AND OPPORTUNITIES. 2663474 2663474 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. 14982043 1 1 0 0 0 0 0 1 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 1 142 0 1 61 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 AR CA IL KY MA MD MI MN NH NJ NY OK OR PA SC TN UT WI WV AK AL CO CT DC GA HI KS LA ME MO NV NM NC OH RI VA WA FL MS ND X CHRISTINE TJELMELAND 6052747861 1110 N DAKOTA VERMILLION SD 57069 ROBERT HOLLINGSWORTH CHAIR 0.70 X X 0 0 0 LORRAINE HART PAST CHAIR 0.70 X X 0 0 0 GARY BEGEMAN VICE CHAIR 0.70 X X 0 0 0 VERN HOLTER SECRETARY-TREASURER 0.70 X X 0 0 0 JAMES ABBOTT EX OFFICIO 0.40 X 0 0 0 JOHN BARKER BOARD OF DIRECTORS 0.40 X 0 0 0 JAMES CLEMENT BOARD OF DIRECTORS 0.40 X 0 0 0 DAVID CULLEN BOARD OF DIRECTORS 0.40 X 0 0 0 MARGARET DOYLE BOARD OF DIRECTORS 0.40 X 0 0 0 GARY ELLIS BOARD OF DIRECTORS 0.40 X 0 0 0 BOB FRIEBERG EX OFFICIO 0.40 X 0 0 0 BUSH FULLERTON BOARD OF DIRECTORS 0.40 X 0 0 0 NANCY A GALLAGHER BOARD OF DIRECTORS 0.70 X 0 0 0 TOM GALLAGHER BOARD OF DIRECTORS 0.70 X 0 0 0 JARED HIGMAN BOARD OF DIRECTORS 0.40 X 0 0 0 BOYD HOPKINS BOARD OF DIRECTORS 0.40 X 0 0 0 DANIEL KELLY BOARD OF DIRECTORS 0.40 X 0 0 0 JOANN KUNKEL BOARD OF DIRECTORS 0.40 X 0 0 0 ANGELINE LAVIN BOARD OF DIRECTORS 0.40 X 0 0 0 SCOTT LAWRENCE EX OFFICIO 0.40 X 0 0 0 PAUL J LEWIS BOARD OF DIRECTORS 0.40 X 0 0 0 DANIEL MEYER BOARD OF DIRECTORS 0.40 X 0 0 0 JOEL PORTICE BOARD OF DIRECTORS 0.40 X 0 0 0 CHRISTINE ROBERTS BOARD OF DIRECTORS 0.40 X 0 0 0 STEPHEN SCHACHT BOARD OF DIRECTORS 0.40 X 0 0 0 STACI STERN EX OFFICIO 0.40 X 0 0 0 TORREY SUNDALL EX OFFICIO 0.40 X 0 0 0 JEFFREY SVEEN BOARD OF DIRECTORS 0.40 X 0 0 0 RYAN TAYLOR BOARD OF DIRECTORS 0.40 X 0 0 0 SYLVIA WAGNER BOARD OF DIRECTORS 0.40 X 0 0 0 WILLIAM WITTRIG BOARD OF DIRECTORS 0.40 X 0 0 0 MARLON YOUNG BOARD OF DIRECTORS 0.40 X 0 0 0 STEVE BROWN PRESIDENT AND CEO 40.00 X 289060 0 38936 CHRISTINE TJELMELAND CFO 40.00 X 187546 0 9821 EDGAR STOREY SR.DIRECTOR OF DEVELOPMENT 40.00 X 127404 0 7611 DZENAN BERBEROVIC SR.DIRECTOR OF DEVELOPMENT 40.00 X 154577 0 13215 JON MAMMENGA ASS. VP FOR DEVELOPMENT 40.00 X 127469 0 13631 JON SCHEMMEL SR. ASSOCIATE ATHLETIC DIR 40.00 X 120757 0 10446 MICHELLE GREEN VP FOR CONSTITUENT ENGAGEMENT 40.00 X 109490 0 12686 1116303 0 106346 8 0 1 0 FIEGEN CONSTRUCTION 3712 S WESTERN AVE SIOUX FALLS SD 57105 CONSTRUCTION 1427831 ADAGE CAPITAL MANAGEMENTLP 200 CLARENDON STREET 52ND FLOOR BOSTON MA 02116 INVESTMENT FEES 411817 BLACKSTONE 345 PARK AVENUE NEW YORK NY 10154 INVESTMENT FEES 194004 BLACKBAUD INC PO BOX 930256 ATLANTA GA 311930256 SOFTWARE/TECHNOLOGY 160162 ANDERSON BROTHERS PRINTING CO 4525 41ST STREET SIOUX CENTER IA 51108 PRINTING 120605 6 139952 20237917 882698 20377869 ADMINISTRATIVE FEES 561000 955742 955742 955742 3578871 3578871 39264 10337 22582 0 16682 10337 27019 10337 16682 58965651 55873678 161081 3091973 -161081 2930892 2930892 224031 139952 98021 126010 126010 BLACKSTONE INVESTMENTS 531390 205127 205127 205127 28201530 966079 205127 6652455 14982043 14982043 527310 461503 65807 2501909 1454397 1047512 98789 59081 39708 277893 163070 114823 226937 142459 84478 94451 66561 27890 34879 34879 104003 104003 521589 521589 211635 162259 49376 378610 251935 126675 85181 67117 18064 250502 247755 2747 172897 95275 77622 408579 114198 294381 266465 216792 49673 94183 94183 178228 121300 56928 18346 12228 6118 UBIT 200354 200354 ALL OTHER EXPENSES 189352 11036 178316 ALUMNI ASSO. ACTIVITY 150713 150713 ANNUAL GIVING 105124 105124 22079972 14982043 4648684 2449245 5760856 3361394 24155316 26043755 1000000 226159 226007 3704369 1258555 1074324 2445814 169530040 190939347 55810076 62301168 1478184 1620393 258034955 287937878 379316 369671 20184845 19127676 20564161 19497347 X 1413272 -2908096 81092936 104130645 154964586 167217982 237470794 268440531 258034955 287937878 X 6121558 23419480 1428699 X 0 1 X 1 0 X 13208468 18961290 8323905 19504488 20377869 80376020 13208468 18961290 8323905 19504488 20377869 80376020 7007567 73368453 3121156 3069040 1903606 3392570 3628472 15114844 281153 198877 365360 447736 283345 1576471 20925 20925 97088260 4512475 0.75570 0.77090 X PART II THE ORGANIZATION CHANGED ITS YEAR END FROM JUNE 30 TO DECEMBER 31 EFFECTIVE DECEMBER 31, 2015. AS SUCH, THE 2013 COLUMN OF THE PUBLIC SUPPORT TEST, PART II, INCLUDES FINANCIAL INFORMATION FOR THE FISCAL YEAR ENDED JUNE 30, 2014. THE 2014 COLUMN OF THE PUBLIC SUPPORT TEST, PART II, INCLUDES FINANCIAL INFORMATION FOR THE FISCAL YEAR ENDED JUNE 30, 2015. THE 2015 COLUMN OF THE PUBLIC SUPPORT TEST, PART II, INCLUDES FINANCIAL INFORMATION FOR THE SHORT YEAR ENDED DECEMBER 31, 2015. THE 2016 AND 2017 COLUMNS REFLECT FINANCIAL INFORMATION FOR THE CALENDAR YEARS ENDING DECEMBER 31, 2016 AND 2017, RESPECTIVELY. 545000 X X X X SEE PART XIII 0 214491251 10393822 31211715 8298323 3938782 243859683 205669044 10103371 11545287 8038674 4787777 214491251 216099991 3262741 -4027194 3931466 3489578 2245450 205669044 210205498 10043596 8395211 4609447 3454979 4479888 216099991 182335563 4246168 35416857 3932811 3783140 4077139 210205498 0.01390 0.68570 0.30040 1 0 100701 100701 2734360 798414 1935946 869308 460141 409167 2445814 REAL ESTATE PARTNERSHIPS 8733696 F BLACKSTONE EQUITY GROUP 3250758 F CITY OF VERMILLION TIF BOND 346400 F ADAGE CAPITAL 49970314 F 62301168 INVESTMENTS HELD FOR OTHERS 12223723 GIFT ANNUITIES AND LIFE INCOME AGREEMENTS 2877509 DUE TO UNIVERITY OF SD - SCHOLARSHIPS 4026444 19127676 X 53063127 23419480 1442117 24861597 28201530 0 28201530 22093390 13418 13418 22079972 0 22079972 PART III, LINE 4: ARTWORK RECEIVED BY THE FOUNDATION HAS BEEN GIFTED FOR THE BENEFIT OF THE UNIVERSITY OF SOUTH DAKOTA. UNLESS INSTRUCTED OTHERWISE BY THE DONOR, OWNERSHIP IS TRANSFERRED TO THE UNIVERSITY OF SOUTH DAKOTA TO BE INCLUDED IN THEIR COLLECTIONS AND USED FOR RESEARCH, DISPLAY AND PRESERVED FOR FUTURE GENERATIONS UNDER THEIR POLICIES. PART V, LINE 4: THE FOUNDATION ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO USD PROGRAMS AND SCHOLARSHIPS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. APPROPRIATIONS ARE MADE ANNUALLY, BASED ON A DISTRIBUTION THAT IS CAREFULLY REVIEWED BY THE BOARD OF DIRECTORS. THE APPROPRIATIONS ARE USED FOR THE PURPOSES AS DEFINED IN THE AGREEMENT BETWEEN THE FOUNDATION AND DONOR ON THE UNDERLYING ENDOWMENT. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS RULED THAT THE ORGANIZATION IS A PUBLICLY SUPPORTED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE ORGANIZATION IS SUBJECT TO TAX FILINGS REQUIRED BY VARIOUS STATE TAX AUTHORITIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2017 AND 2016 THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED WITH RENTAL INCOME 13,418. CHANGE IN ANNUITIES AND DEFERRED GIFTS 1,428,699. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED WITH RENTAL INCOME 13,418. EUROPE 0 0 INVESTMENTS 107982 0 0 0 0 0 0 107982 0 107982 1 0 0 0 0 0 FORM 990, SCHEDULE F, PART I, COLUMN (F) THE AMOUNT REPORTED IN COLUMN (F) IS TOTAL CAPITAL CONTRIBUTED DURING THE YEAR PLUS THE TOTAL ENDING CAPITAL BALANCE OF FOUR INVESTMENTS IN FOREIGN PARTNERSHIPS. FORM 990, SCHEDULE F, PART IV, LINE 5 THE UNIVERSITY OF SOUTH DAKOTA IS INDIRECTLY CONSIDERED A CATEGORY 3 FILER THROUGH ITS DIRECT AND CONSTRUCTIVE OWNERSHIP INTEREST IN VARIOUS FOREIGN PARTNERSHIPS. HOWEVER, THE ORGANIZATION DID NOT OWN AT LEAST A 10% INTEREST IN ANY OF THE FOREIGN PARTNERSHIPS IMMEDIATELY AFTER THE CONTRIBUTION, AND THE VALUE OF THE PROPERTY CONTRIBUTED DID NOT EXCEED $100,000 TO ANY OF THESE ENTITIES DURING THE REPORTING PERIOD. THEREFORE, THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 8865. X X X X 1 ROYALL AND COMPANY PO BOX 603519 CHARLOTTE NC 23260 PRODUCTION OF MATERIALS AND MAILING SERVICES 0 0 104003 -104003 104003 -104003 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC DINNER AND AUCTION 363983 139952 224031 1718 38876 4000 53427 363983 139952 224031 1718 38876 4000 53427 98021 126010 1 UNIVERSITY OF SOUTH DAKOTA 414 EAST CLARK STREET VERMILLION SD 57069 466000364 501(C)(3) 13392894 $7,380,011 FOR SCHOLARSHIPS, $4,616,508 FOR FACILITIES AND $ 1,396,375 OTHER DEPARTMENTAL SUPPORT. SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 501(C)(3) 45350 SCHOLARSHIPS THE FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH 1400 WEST 22ND ST SIOUX FALLS SD 57105 363432018 501(C)(3) 56285 PROGRAM SUPPORT BLACK HILLS PLAYHOUSE PO BOX 2513 RAPID CITY SD 57709 460215866 501(C)(3) 9202 $6,424 FOR SCHOLARSHIPS AND $2,778 PROGRAM SUPPORT. DAKOTA STATE UNIVERSITY 820 N WASHINGTON AVE MADISON SD 57042 466000364 501(C)(3) 13650 SCHOLARSHIPS SOUTH DAKOTA HALL OF FAME 1480 S MAIN ST CHAMBERLAIN SD 57325 460324210 501(C)(3) 25000 PROGRAM SUPPORT VERMILLION AREA CHAMBER OF COMMERCE 2 E MAIN STREET VERMILLION SD 57069 460284795 X 25000 PROGRAM SUPPORT 6 1 PART I, LINE 2: THE FOUNDATION ACCEPTS GIFTS AND MANAGES PAYMENTS FOR THE PURPOSES SET FORTH BY THE DONORS. THE FOUNDATION INFORMS THE UNIVERSITY OF THE AMOUNT AVAILABLE FOR EXPENDITURE AND THE CRITERIA FOR USE. THE UNIVERSITY MAKES THE DETERMINATION OF WHO THE RECIPIENT WILL BE FOR THESE FUNDS, IN ACCORDANCE WITH THE CRITERIA, AND REQUESTS PAYMENT FROM THE FOUNDATION. BEFORE PAYMENT IS MADE, THE FOUNDATION VERIFIES THAT THE REQUESTED PAYMENT IS AN APPROPRIATE USE OF THE FUNDS PER THE FUND CRITERIA AND THAT THE UNIVERSITY REPRESENTATIVE MAKING THE REQUEST IS AUTHORIZED TO DO SO. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 STEVE BROWN PRESIDENT AND CEO 229600 0 46640 0 12820 0 17030 0 22945 0 329035 0 0 0 CHRISTINE TJELMELAND CFO 180260 0 0 0 7286 0 0 0 10728 0 198274 0 0 0 DZENAN BERBEROVIC SR.DIRECTOR OF DEVELOPMENT 123685 0 10000 0 20892 0 7684 0 6247 0 168508 0 0 0 PART I, LINE 1A AS PART OF HIS COMPENSATION PACKAGE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, THE CEO IS PROVIDED AN ALLOWANCE EACH MONTH FOR THE BUSINESS USE OF HIS PERSONAL CAR. PART I, LINE 7 THE CEO RECEIVES A BONUS CALCULATED AS PERCENTAGE OF SALARY AS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE BASED IN PART ON THE DOLLAR VALUE OF SIGNED GIFT COMMITMENTS RECEIVED TOWARD THE CAMPAIGN DURING THE YEAR. THE SENIOR DIRECTOR OF DEVELOPMENT RECEIVES A BONUS BASED ON METRICS AND GOALS SET IN REGARD TO DONATIONS RECEIVED THROUGH CASH AND COMMITMENTS AND NUMBER OF POTENTIAL DONOR VISITS MADE. X 7 545000 RETAIL VALUE X 50 337338 AVG OF HIGH/LOW MKT PRIC X MUSIC SCORES 1 360 DONOR'S ESTIMATE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE COMMITTEE SHALL CONSIST OF THE FOUNDATION CHAIR, VICE CHAIR, THE VICE CHAIR ELECT, IMMEDIATE PAST CHAIR, THE CHAIRS OF THE STANDING COMMITTEES, THE CO-CHAIRS OF THE ONWARD CAMPAIGN AND TWO MEMBERS DESIGNATED BY THE FOUNDATION CHAIR FROM AMONG THE ELECTED AND APPOINTED MEMBERS OF THE BOARD OF DIRECTORS AT THE BEGINNING OF CHAIR'S TERM AND APPROVED BY THE BOARD OF DIRECTORS. THE PRESIDENT OF THE UNIVERSITY, FOUNDATION PRESIDENT, AND THE FOUNDATION'S LEGAL COUNSEL SHALL BE EX-OFFICIO NON-VOTING MEMBERS OF THE COMMITTEE. THE EXECUTIVE COMMITTEE HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD BETWEEN BOARD MEETINGS AND IN ALL SITUATIONS EXCEPT THOSE RESERVED TO THE BOARD AND THOSE SPECIFIED IN THE BYLAWS. APPROVAL OF AUTHORITY TO ACT FOR UNUSUAL TRANSACTIONS (I.E. PURCHASE/SALE OF PROPERTY) IS RECEIVED FROM THE BOARD OF DIRECTORS PRIOR TO THE ACTIONS. APPROVAL OF NORMAL BUSINESS ACTIONS IS RECEIVED FROM THE BOARD OF DIRECTORS AFTER THE COMMITTEE HAS ACTED. FORM 990, PART VI, SECTION A, LINE 2 TOM GALLAGHER (BOARD MEMBER) AND NANCY GALLAGHER (BOARD MEMBER) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE 990 IN DETAIL, AFTER WHICH THE 990 IS PROVIDED TO EACH BOARD MEMBER ELECTRONICALLY AND APPROVED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY APPLIES TO BOARD MEMBERS, OFFICERS AND COMMITTEE MEMBERS. NEW INDIVIDUALS SIGN A CONFLICT OF INTEREST STATEMENT UPON APPOINTMENT OR ELECTION. CONTINUING INDIVIDUALS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EVERY YEAR. THEY ARE ASKED TO NOTIFY THE FOUNDATION IMMEDIATELY IF A CONFLICT ARISES IN THE INTERIM. THE STATEMENTS ARE REVIEWED BY THE DIRECTOR OF ADMINISTRATION AND THE CEO. THE CEO PROVIDES A REPORT OF THE PROCESS & RESULTS TO THE AUDIT COMMITTEE. ANY CONFLICTS WOULD RESULT IN REQUIRING THE SPECIFIED BOARD MEMBER TO EXCUSE THEMSELVES FROM A VOTE THAT INVOLVES THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE BOARD DETERMINES THE COMPENSATION AND BENEFITS FOR THE CEO. WAGE AND BENEFIT ADJUSTMENTS FOR THE CEO ARE DETERMINED ANNUALLY BY THIS COMMITTEE. THE COMMITTEE GATHERS SALARY INFORMATION FROM EMPLOYMENT SURVEYS TO USE FOR COMPARISON. COMPENSATION FOR THE CFO IS DETERMINED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE TO BOARD ON A BOARD PORTAL AND WITHIN A BOARD MANUAL, THEY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN GIFT ANNUITIES & DEFERRED GIFTS 1,428,699. USDF LLC 1110 N DAKOTA VERMILLION SD 57069 466018891 HOLD AND MANAGE REAL ESTATE FOR FOUNDATION SD 17822 346425 UNIVERSITY OF SOUTH DAKOTA FOUNDATION USDF2 LLC 1110 N DAKOTA VERMILLION SD 57069 466018891 HOLD AND MANAGE AIRPLANE FOR FOUNDATION SD -69663 940076 UNIVERSITY OF SOUTH DAKOTA FOUNDATION CHARITABLE REMAINDER TRUSTS (14) CRT SD N/A T 1 CHARITABLE LEAD TRUSTS (2) CRT SD N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0