2020-10-15T07:30:24-05:00 2019-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2019-01-01 466018891 UNIVERSITY OF SOUTH DAKOTA FOUNDATION UNIV 6056776703 1110 N DAKOTA VERMILLION SD 57069 CHRISTINE TJELMELAND CFO 6052747861 2020-10-12 1 LAURIE HANSON P00851848 6053391999 2020-10-12 184.83.199.194 2020-10-12 21:33:05 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 50CCFF325394DF76E401CCE6D67578A0FB45D135 2019 2021-01-29 14:40:06Z STEVE BROWN 1110 N DAKOTA VERMILLION SD 57069 84468457 0 X WWW.USDALUMNI.ORG X 1928 SD PROVIDE PRIVATE RESOURCES TO BENEFIT THE UNIVERSITY OF SOUTH DAKOTA. 22 22 59 113 92180 75472 12490989 16510392 915075 978707 9752110 10708298 200121 233319 23358295 28430716 13603144 20453306 0 0 3825235 3495329 156056 136478 2681087 3849837 3231063 21434272 27316176 1924023 1114540 274381578 299140070 17637036 18953962 256744542 280186108 TO PROVIDE PRIVATE RESOURCES FOR THE UNIVERSITY OF SOUTH DAKOTA TO INCREASE THE EXCELLENCE OF ITS STUDENTS' EDUCATIONAL EXPERIENCE. 0 0 9807057 9807057 989044 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 2018-2019 ACADEMIC YEAR, $8.4 MILLION IN SCHOLARSHIPS WERE AWARDED. FOR THE 2019-2020 ACADEMIC YEAR, $9.8 MILLION IN SCHOLARSHIPS WERE AWARDED. THIS LEVEL OF FUNDING REPRESENTS AN INCREASE OF 18% OVER THE LAST 5 YEARS. 7005575 7005575 PROVIDE FUNDS TO CONSTRUCT NEW CAMPUS FACILITIES AND RESTORE, REPAIRAND MAINTAIN EXISTING FACILITIES. THE FOUNDATION HAS BEEN INSTRUMENTALIN A MAJOR RENOVATION AND RECONSTRUCTION PLAN FOR FACILITIES AT USD.SINCE 1996, $94 MILLION HAS BEEN PROVIDED FOR FACILITIES THAT HAVEENHANCED THE STUDENTS' EDUCATIONAL EXPERIENCE AND OPPORTUNITIES. 3640674 3640674 PROVIDE FUNDS TO SUPPORT ACADEMIC FACULTY THROUGH SALARY AUGMENTATION,RESEARCH AND PROFESSIONAL DEVELOPMENT, SUPPORT OF STUDENT TRAVEL ANDRESEARCH, AND SUPPORT OF USD MUSEUMS AND VARIOUS AUXILIARY PROGRAMS. IN 2019, $3.7 MILLION WAS PROVIDED TO SUPPORT THESE NEEDS. 20453306 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 0 1 136 0 1 59 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 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 STEVE BROWN PRESIDENT AND CEO 40.00 X 277206 0 43739 CHRISTINE TJELMELAND CFO 40.00 X 202166 0 26464 NICK KOTZEA SEC/TREAS; CHIEF GOV OFFICER 40.00 X 160007 0 16429 CYNTHIA WHITNEY EXECUTIVE DIRECTOR OF PHILANTHROPY 40.00 X 135663 0 13034 MICHELLE GREEN VP-CONSTITUENT ENGAGEMENT 40.00 X 128651 0 10128 ANDREW CARR DIRECTOR OF ATHLETIC DEVELOPMENT 40.00 X 109766 0 12515 GARY BEGEMAN VICE CHAIR; CHAIR FROM 10/2019 0.70 X X 0 0 0 RYAN TAYLOR VC ELECT; VICE CHAIR FROM 10/2019 0.70 X X 0 0 0 ROBERT HOLLINGSWORTH CHAIR; PAST CHAIR FROM 10/2019 0.70 X X 0 0 0 LORRAINE HART PAST CHAIR UNTIL 10/2019 0.70 X 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 KEVIN DOYLE 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 NANCY A GALLAGHER BOARD OF DIRECTORS 0.40 X 0 0 0 TOM GALLAGHER BOARD OF DIRECTORS 0.40 X 0 0 0 JERAD HIGMAN BOARD OF DIRECTORS UNTIL 10/2019 0.40 X 0 0 0 JACK HOPKINS 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 DEBORAH PETERS 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 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 UNTIL 10/2019 0.40 X 0 0 0 BERGEN PETERSON BOARD OF DIRECTORS FROM 10/2019 0.40 X 0 0 0 BOB SUTTON BOARD OF DIRECTORS FROM 10/2019 0.40 X 0 0 0 LANCE BULTENA BOARD OF DIRECTORS FROM 10/2019 0.40 X 0 0 0 1013459 0 122309 6 0 1 0 ADAGE CAPITAL MANAGEMENT LP 200 CLARENDON ST 52 BOSTON MA 02116 INVESTMENT FEES 229226 BLACKSTONE 345 PARK AVENUE NEW YORK NY 10154 INVESTMENT FEES 172004 ANDERSON BROTHERS PRINTING CO 4525 41ST STREET SIOUX CITY IA 51108 PRINTING 145323 ERICKSON SOLUTIONS 11020 KING STREET STE 395 OVERLAND PARK KS 66210 IT CONSULTING/SERVICES 139883 ADVANCEMENT SERVICES LLC PO BOX 79461 BALTIMORE MD 21279 FUNDRAISING CONSULTING 136478 8 145819 16364573 2723953 16510392 ADMINISTRATIVE FEES 561000 978707 978707 978707 6301269 6301269 599 10337 20815 0 -20216 10337 -9879 10337 -20216 60046514 233213 55628696 244002 4417818 -10789 4407029 4407029 295246 145819 144228 151018 151018 BLACKSTONE INVESTMENTS 531390 89072 89072 STATE TAX REFUNDS 900099 3108 3108 92180 28430716 989044 92180 10839100 20453306 20453306 728616 664225 64391 2110532 1081699 1028833 105907 48102 57805 293169 140648 152521 257105 140225 116880 123304 123304 45102 45102 136478 136478 813049 813049 625759 194003 431756 174989 100411 74578 408651 376728 31923 221197 101199 119998 349560 108294 241266 163135 135376 27759 168816 83470 85346 18909 15241 3668 OTHER FUNDRAISING EXPEN 50522 50522 68070 10707 57363 27316176 20453306 4181783 2681087 3510388 10981591 23911676 19118586 3529267 2000000 296454 245046 3759102 1197956 2722038 2561146 182172493 204837860 56249164 57359684 1990098 2036157 274381578 299140070 324998 400219 17312038 18553743 17637036 18953962 X -5462288 -8139455 262206830 288325563 256744542 280186108 274381578 299140070 X 1114540 23688890 -1361864 X 0 1 X 1 0 X 8323905 19504488 20377869 12482589 16510392 77199243 8323905 19504488 20377869 12482589 16510392 77199243 8109796 69089447 1903606 3392570 3628472 5472870 6312205 20709723 365360 447736 283345 93694 92180 1282315 99191281 4726057 0.69650 0.73940 X PART II THE ORGANIZATION CHANGED ITS YEAR END FROM JUNE 30 TO DECEMBER 31 EFFECTIVE DECEMBER 31, 2015. AS SUCH, THE 2015 COLUMN OF THE PUBLIC SUPPORT TEST, PART II, INCLUDES FINANCIAL INFORMATION FOR THE SHORT YEAR ENDED DECEMBER 31, 2015. THE 2016, 2017, 2018, AND 2019 COLUMNS REFLECT FINANCIAL INFORMATION FOR THE CALENDAR YEARS ENDING DECEMBER 31, 2016, 2017, 2018, AND 2019 RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4900 X X X X SEE PART XIII 0 231416534 7140295 34340271 8211279 4290093 260395728 243859683 3609613 -3327630 8594873 4130259 231416534 214491251 10393822 31211715 8298323 3938782 243859683 205669044 10103371 11545287 8038674 4787777 214491251 216099991 3262741 -4027194 3931466 3489578 2245450 205669044 0.00990 0.68960 0.30050 1 0 100701 100701 2900090 757634 2142456 758311 440322 317989 2561146 REAL ESTATE PARTNERSHIPS 10471014 F BLACKSTONE EQUITY GROUP 3856829 F CITY OF VERMILLION TIF BOND 316026 F ADAGE CAPITAL 42715815 F 57359684 INVESTMENTS HELD FOR OTHERS 10708104 GIFT ANNUITIES AND LIFE INCOME AGREEMENTS 2725004 DUE TO UNIVERITY OF SD - SCHOLARSHIPS 5120635 18553743 X 53421052 23688890 1157218 24846108 28574944 -144228 -144228 28430716 26668170 165043 165043 26503127 813049 813049 27316176 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 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 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 20,815. CHANGE IN ANNUITIES AND DEFERRED GIFTS 1,946,391. CASH SURRENDER VALUE OF LIFE INSURANCE 3,061. INVESTMENT EXPENSE -813,049. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS FUNDRAISING EXPENSES -144,228. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED WITH RENTAL INCOME 20,815. RECLASS FUNDRAISING EXPENSES 144,228. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE 813,049. EUROPE 0 0 INVESTMENT 7250000 0 0 0 0 0 0 7250000 0 7250000 1 0 0 0 0 0 PART III ACCOUNTING METHOD: 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 FOUNDATION 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 EAB PO BOX 79461 BALTIMORE MD 212790461 DIRECT MAIL AND EMAIL SOLICITATIONS 0 0 136478 0 136478 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 CAC DINNER AND AUCTION 381656 135319 246337 5258 53728 1704 54312 GOLF CLASSIC EVENTS 59409 10500 48909 802 28424 441065 145819 295246 5258 54530 1704 82736 144228 151018 1 SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 GOVERNMENTAL 30178 SCHOLARSHIPS BLACK HILLS PLAYHOUSE PO BOX 2513 RAPID CITY SD 57709 460215866 501(C)(3) 19455 PROGRAM SUPPORT DAKOTA STATE UNIVERSITY 820 N WASHINGTON AVE MADISON SD 57042 466000364 GOVERNMENTAL 8050 SCHOLARSHIPS SOUTH DAKOTA HALL OF FAME 1480 S MAIN ST CHAMBERLAIN SD 57325 460324210 501(C)(3) 10000 PROGRAM SUPPORT VERMILLION CHAMBER & DEVELOPMENT 2 E MAIN STREET VERMILLION SD 57069 460284795 501(C)(4) 20520 PROGRAM SUPPORT ASSOCIATION OF AMERICAN LAW SCHOOLS 1614 20TH ST NW WASHINGTON DC 20009 941450490 501(C)(3) 8775 PROGRAM SUPPORT UNIVERSITY OF SOUTH DAKOTA 414 EAST CLARK STREET VERMILLION SD 57069 466000364 GOVERNMENTAL 16095029 $8,356,171 FOR SCHOLARSHIPS, $5,222,038 FOR FACILITIES AND $ 2,516,820 OTHER DEPARTMENTAL SUPPORT. SOUTH DAKOTA STATE MEDICAL ASSOCIATION (SDSME) 2600 W 49TH ST STD 200 SIOUX FALLS SD 57105 460213945 501(C)(6) 24290 STUDENT SUPPORT 6 2 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 X 1 1 X X X 0 0 0 0 0 0 0 1 0 STEVE BROWN PRESIDENT AND CEO 236035 0 28157 0 13014 0 16660 0 28087 0 321953 0 0 0 CHRISTINE TJELMELAND CFO 194198 0 0 0 7968 0 11918 0 15526 0 229610 0 0 0 NICK KOTZEA SEC/TREAS; CHIEF GOV OFFICER 152694 0 0 0 7313 0 9239 0 7809 0 177055 0 0 0 PART I, LINE 1A AS PART OF THE COMPENSATION PACKAGE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, THE CEO IS PROVIDED A MONTHLY ALLOWANCE FOR THE BUSINESS USE OF HIS PERSONAL VEHICLE. AS PART OF THE COMPENSATION PACKAGE REVIEWED AND APPROVED BY THE CEO, THE CFO IS PROVIDED A MONTHLY ALLOWANCE FOR BUSINESS USE OF HER PERSONAL VEHICLE. THESE BENEFITS ARE CONSIDERED TO BE TAXABLE BENEFITS. THE FOUNDATION PAYS FOR A COUNTRY CLUB MEMBERSHIP FOR THE CEO. THE ABOVE BENEFITS ARE INCLUDED AS TAXABLE WAGES ON FORM W-2. PART I, LINE 1B THE MEMBERSHIP ARE PAID DIRECTLY TO THE COUNTRY CLUB. ANY OTHER RELATED COSTS MUST BE SUBSTANTIATED WITH AN INVOICE AND APPROVAL BY EMPLOYEE SUPERVISOR. PART I, LINE 7 THE CEO RECEIVES A BONUS CALCULATED AS A 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. X 5 4900 COMPARABLE WORK/EXPERT X 65 1899505 AVG OF HIGH/LOW MKT PRIC X 1 485000 COMPARABLE PROPERTIES X MISCELLANEOUS ITEMS 175 334548 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS CONTRIBUTED. 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 AND A BUSINESS 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 COMMITTEE 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. THEY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN GIFT ANNUITIES & DEFERRED GIFTS 1,946,391. CASH SURRENDER VALUE OF LIFE INSURANCE 3,061. LOSS ON PROMISE TO GIVE -3,311,316. USDF LLC 1110 N DAKOTA VERMILLION SD 57069 466018891 HOLD AND MANAGE REAL ESTATE FOR FOUNDATION SD -6965 429714 UNIVERSITY OF SOUTH DAKOTA FOUNDATION USDF2 LLC 1110 N DAKOTA VERMILLION SD 57069 466018891 HOLD AND MANAGE AIRPLANE FOR FOUNDATION SD 10337 864749 UNIVERSITY OF SOUTH DAKOTA FOUNDATION CHARITABLE REMAINDER TRUSTS (15) 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