2016-01-22T14:50:25-06:00 2015-06-30 KPMG LLP 1212 North 96th Street Suite 300 Omaha NE 68114 990 2014-07-01 421143702 IOWA STATE UNIVERSITY FOUNDATION % Lisa Eslinger IOWA 5152944607 2505 University Blvd PO Box 2230 Ames IA 500102230 Michael Wahlin Assistant VP & Controller 5152944607 2016-01-19 true Lorraine A Egger P00223617 4023481450 2014 2016-04-25 22:37:26Z Larissa Holtmyer Jones 2505 University Boulevard Ames IA 500102230 337750172 false X www.foundation.iastate.edu X 1980 IA To secure and steward private gifts that support Iowa State University. 14 14 577 157 -633997 -665294 86154845 118926479 0 0 19251251 10848052 3204845 3225912 108610941 133000443 80689389 81822783 0 0 10320390 11572951 39500 105773 11578508 8587463 7175347 99636742 100676854 8974199 32323589 881166016 924019007 39848940 42630818 841317076 881388189 X Iowa State University Foundation's mission is to inspire philanthropy to advance Iowa State University's mission to "create, share, and apply knowledge to make Iowa and the world a better place." 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. With the leadership and vision of Iowa State University President Steven Leath, the University and Foundation work closely together to achieve these results. The Foundation raised nearly $165 million in new gifts and commitments for the year ending June 30, 2 false false 25585060 25585060 918165 Student Support: Iowa State undergraduate and graduate students received more than $25 million in scholarships, fellowships, loans and awards from private gift support. Students received both merit- and need-based scholarship support across all programs and units of the University. With the University seeing record enrollment numbers, private gift support is critical to ensuring that all willing students are able to explore their educational opportunities, experience college life, and efficiently manage tuition costs and debt loads. In 2015, nearly 6,000 students received scholarships funded by private gift support. 28667563 28667563 1028787 Faculty Support: With more than $28 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 2015, the number of endowed faculty positions (chairs, professorships and fellowships) increased to 189. 27068378 27068378 971397 Facilities: The Foundation provided more than $27 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 expansion of and improvements to Jack Trice Stadium, the construction of the Biorenewables Complex, and more. 501782 501782 Noncash Grants 911938 Annuity Payment and Actuarial Valuation 1413720 501782 82734721 true true false false false false false false false true true true false false true true false true false false false false false true false false false true false true false false false false false false false false true true false false false true true false false false true X 90 0 true 577 true true true true CJ VI false false false true true true 2 false false false X 14 14 false false false false true true true true true false false true true true true true true true true true false AK AZ CA KY MD MA MI MN NH NJ NY OH OR SC UT WV WI X X Lisa Eslinger 5152944607 2505 University Boulevard Ames IA 500102230 X Nancy Armbrust Secretary 2.0 0.0 X X 0 0 0 Gregg Behrens Director 1.0 0.0 X 0 0 0 Lloyd Bettis Vice Chair 2.0 0.0 X X 0 0 0 Michael Dubes Director 1.0 0.0 X 0 0 0 Jon Fleming Director 1.0 0.0 X 0 0 0 James Frein Director 1.0 0.0 X 0 0 0 Rudolf Herrmann Director 1.0 0.0 X 0 0 0 Barbara Janson Director 1.0 0.0 X 0 0 0 Daniel Krieger Director 1.0 0.0 X 0 0 0 Steven Leath Director 1.0 0.0 X 0 0 0 Leonard Rodman Chair 5.0 0.0 X X 0 0 0 Steven Schuler Treasurer 2.0 0.0 X X 0 0 0 Gary Streit Director 1.0 0.0 X 0 0 0 Roger Underwood Director 1.0 0.0 X 0 0 0 Roger Neuhaus President (7/2014 - 3/2015) 40.0 0.0 X 332960 0 39932 Larissa Holtmyer Jones President (3/2015 - present) 40.0 0.0 X 217257 0 38818 Lisa Eslinger Sr. VP of Finance & Ops 40.0 0.0 X 213089 0 30581 Steve Biever VP for Development 40.0 0.0 X 150672 0 31851 Jeremy Galvin VP for Development 40.0 0.0 X 145642 0 31050 Kevin Stow Associate VP, Human Resources 40.0 0.0 X 129665 0 29323 John Glover Asst VP for Development 40.0 0.0 X 122853 0 22817 Rosa Unal Associate VP of IT and DCS 40.0 0.0 X 118972 0 28535 Mike Wahlin Assistant VP and Controller 40.0 0.0 X 113888 0 27960 Ray Klein Executive Dir of Dev, Ag & LS 40.0 0.0 X 111301 0 27262 1656299 0 308129 12 false true false Cambridge Associates 4100 North Fairfax Drive Suite 130 Arlington VA 222031664 Consulting 673125 Tweedy Browne Company LLC Metro Center One Station Place Stamford CT 06902 Investment Fees 415903 HPC LLC 120 N Sherman Avenue Ames IA 50010 Construction Service 387151 Kiltearn Partners Inc 651 Holiday Drive Suite 300 PITTSBURGH PA 15220 Investment Fees 258520 Axiom International Investors LLC 33 Benedict Place Greenwich CT 06830 Investment Fees 212801 13 118926479 41225301 118926479 0 4934341 -633997 5568338 0 9640 9640 253344 253344 0 253344 253344 207045281 3618159 201026089 3723640 6019192 -105481 5913711 5913711 0 0 0 Administrative Fee 541900 2918349 2918349 Other 611710 44579 44579 2962928 133000443 2918349 -633997 11789612 81822783 81822783 0 0 0 1667236 259399 1407837 0 7323380 1383449 5939931 680130 41913 638217 1331445 285847 1045598 570760 113507 457253 0 63417 63417 127596 127596 0 105773 105773 2369930 2369930 449226 258123 191103 59297 6174 53123 799485 297674 501811 520503 207276 313227 0 184706 184706 743446 173213 570233 0 423101 68699 354402 57709 57709 0 249855 249855 80939 80939 Miscellaneous Expenses 134199 134199 Annuity Payments 911938 911938 100676854 82734721 6363625 11578508 0 0 2678195 3245523 78475294 81779583 0 0 0 0 0 0 1609466 1387767 0 0 0 0 19127759 3678139 15163986 15449620 545009616 559651948 206432241 228590294 0 0 0 0 31797218 33914272 881166016 924019007 718985 1127079 0 0 0 0 2463636 2333322 0 0 0 0 0 0 0 0 36666319 39170417 39848940 42630818 X 26606833 25326001 214629490 244723464 600080753 611338724 841317076 881388189 881166016 924019007 32323589 7747524 X false true X true false X 73091607 63072544 59012859 86154845 118926479 400258334 0 0 73091607 63072544 59012859 86154845 118926479 400258334 31029001 369229333 4475704 3770087 6631107 4911519 5197325 24985742 75612 75612 55584 94832 42636 51778 44579 289409 425609097 13849327 0.86753 0.87590 X Part II, Line 10 Other income Includes fees for various services and other miscellaneous RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 600080753 26564680 17487120 8181929 14594692 10017208 611338724 519818738 24277047 86660498 7319059 13742194 9614277 600080753 469075811 14999281 63831528 6634182 12622166 8831534 519818738 477722743 16074634 546940 5995551 11228787 8044168 469075811 399307777 22045531 80454976 5659435 10827993 7598113 477722743 1.00000 true false 11422194 960000 12382194 4084360 1329815 2754545 2661205 2348324 312881 15449620 HEDGE FUNDS 69870129 F PRIVATE EQUITY 83328292 F REAL ESTATE 18086931 F EQUITY - ALT INVESTMENTS 36410017 F NATURAL RESOURCES 20894925 F 228590294 0 TRUST LIABILITY DUE TO OTHERS 1428225 OTHER LONG TERM LIABILITIES 461552 DUE TO RELATED ORGANIZATIONS 18262767 ANNUITIES PAYABLE 19017873 39170417 X Schedule D, 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. Schedule D, 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. During 2015 and 2014, management determined that there are no income tax positions requiring recognition in the combined financial statements. X X X X X true Marts Lundy Inc 1200 Wall Street West Lyndhurst NJ 07071 Fundraising Consultant false 105773 -105773 105773 -105773 AL AK AZ AR CA CO CT DE DC 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 Schedule G, Part I, Line 2b(v) PER THE AGREEMENT ESTABLISHED BETWEEN THE IOWA STATE UNIVERSITY FOUNDATION AND MARTS & LUNDY, MARTS & LUNDY PROVIDED CONSULTING SERVICES related to feasibility analysis for a future campaign. true Iowa State University Beardshear Hall Ames IA 50011 426004224 115 81321001 501782 FMV See Part IV See Part IV 1 Schedule I, Part I, Line 2 The Iowa State University Foundation monitors the use of the grant funds through the Donor Compliance Services Department. On a monthly basis, the expenditures are reviewed and internal testing of transactions is completed. The donor compliance services department strives to monitor the expenditures and balances of the various accounts, as well as develop strategies to ensure donor compliance with the donor gift agreements in place. Schedule I, PART II, LINE 1, COLUMNS (G) AND (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, PROFESSIONAL DEVELOPMENT), PROGRAM SUPPORT (ACADEMIC AND OUT-OF-CLASSROOM PROGRAMS AND CAMPUS ORGANIZATIONS), AND FACILITIES SUPPORT (BUILDING CONSTRUCTION AND RENOVATION, EQUIPMENT). X X true true X X X false false false false false false false false false Roger Neuhaus President (7/2014 - 3/2015) 325429 0 0 0 7531 0 26000 0 14901 0 373861 0 0 0 Larissa Holtmyer Jones President (3/2015 - present) 216620 0 0 0 637 0 22468 0 17271 0 256996 0 0 0 Lisa Eslinger Sr. VP of Finance & Ops 211921 0 0 0 1168 0 21431 0 10052 0 244572 0 0 0 Steve Biever VP for Development 150275 0 0 0 397 0 15501 0 17081 0 183254 0 0 0 Jeremy Galvin VP for Development 144994 0 0 0 648 0 14700 0 17046 0 177388 0 0 0 Kevin Stow Associate VP, Human Resources 129052 0 0 0 613 0 13165 0 16790 0 159620 0 0 0 Schedule J, Part I, Line 1a Charter travel was with the use of the University-owned plane. Travel for companions was provided for some fundraising events. These benefits are considered business expenses and therefore are not considered taxable income to the individuals. Schedule J, Part I, Line 4a and Part II, Line 1 Roger Neuhaus' employment with the Iowa State University Foundation terminated in March 2015. In accordance with a separation agreement, Mr. Neuhaus will receive severance payments that will be reported in the Form 990 in future tax years. Schedule J, Part II, Line 2 Larissa Holtmyer Jones held the position of VP for Development prior to assuming the role of President and CEO in March 2015. Schedule J, Part II, Column (C) All employees participate in a retirement plan consisting of a 403(b) defined contribution plan. X 3 10225 Opinions of Experts X 2448 Opinions of Experts X 1020 Cost/Selling Price X 454 11780915 Fair Market Value X 6 22671785 Fair Market Value X 95 856839 Fair Market Value X 2 3487000 Sale of Similar Prop X 3 102 Opinions of Experts X New Funds Held in Trust 2 1157758 Sale of Similar Prop X Other 77 1207951 Replacement Costs X Corn 5 37174 Fair Market Value X Soybeans 2 12084 Fair Market Value 5 false true true Schedule M, Part I, Line 32B The Iowa State University Foundation hires real estate companies or similar organizations to sell any real estate or property. Various stock gifts are sold through stock brokers where the ISU Foundation holds an account. Form 990, Part VI, Section A, Line 6 The members of the corporation shall be members as of the effective date of the current Amended and Restated Articles of Incorporation of the ISU Foundation. Upon nomination by the governance committee, additional persons may be elected to serve as a member at any annual or special meetings of the corporation. Per the Articles, 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 nineteen directors allocated among four classes of directors. A) Class A directors shall be between 10-12 in number, and shall be elected from and by the members of the corporation upon nomination by the governance committee. Each Class A director shall serve a term of the greater of four years or until their successor is elected and qualified. Each Class A director may serve up to two (2) terms, which may be consecutive. B) Class B directors shall be no more than four (4) in number, and 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, and (IV) Investment Committee. Class B directors shall serve for the duration of their chairship. C) Class C shall be compromised of one (1) 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) Class D shall be comprised of no more than two (2) additional directors appointed by the Board of Directors at a regular or special meeting. Class D directors shall serve a term of the greater of the period selected by the Board of Directors upon such appointment or until their successor is selected and qualified. Appointment of Class D directors, if any, shall be within the discretion of the board. Form 990, Part VI, Section A, Line 7b Each 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 KPMG 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 assistant Vice President and Controller and the Senior Vice President of Finance and Operations. After incorporating any changes and completing their review, KPMG provides a final draft for presentation to the ISU Foundation 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 KPMG. 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 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 executive committee of the Board of Directors, acting as the entity's compensation committee. The President's compensation is determined by the executive 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, and 4) 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 and the Foundation leadership is shared with the Board of Directors. Form 990, Part VI, Section B, Line 16 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". 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. The Original University Foundation 2505 University Boulevard Ames IA 500102230 420861651 Support IA 501(c)3 L11 Type 1 ISUF true Iowa State University Achievement Fund 2505 University Boulevard Ames IA 500102230 426059969 Support IA 501(c)3 L11 Type 1 ISUF true Charitable Remainder Trusts (72) 2505 University Boulevard Ames IA 500102230 Trust IA NA Trust 0 0 false Charitable Lead Trust (1) 2505 University Boulevard Ames IA 500102230 Trust IA NA Trust 0 0 false false false false false false false false false false false false false false false false false false false true 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.