2016-12-22T15:08:38-06:00 2016-06-30 KPMG LLP 1212 N 96TH ST SUITE 300 Omaha NE 68114 990 2015-07-01 421143702 IOWA STATE UNIVERSITY FOUNDATION % Lisa Eslinger IOWA 5152944607 2505 University Blvd PO Box 2230 Ames IA 500102230 LISA ESLINGER CFO and CAO 5152949944 2016-12-22 true MONROE J GIERL P01413237 4023481450 2015 2017-02-10 21:41:12Z Larissa holtmyer Jones 2505 University Boulevard Ames IA 500102230 309014352 false X www.foundation.iastate.edu X 1980 IA To secure and steward private gifts that support Iowa State University. 14 14 540 161 -1995485 -2040119 118926479 92963643 0 0 10848052 -1252838 3225912 3172710 133000443 94883515 81822783 80008697 0 0 11572951 11417254 105773 0 11430309 7175347 7798810 100676854 99224761 32323589 -4341246 924019007 902108947 42630818 37362306 881388189 864746641 X See Schedule O false false 27445847 27445847 1012047 Student Support: Iowa State undergraduate and graduate students received more than $27 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 2016, nearly 6,000 students received scholarships funded by private gift support. 28859200 28859200 1129275 Faculty and Program 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 2016, the number of endowed faculty positions (chairs, professorships and fellowships) increased to 194. 21937876 21937876 808944 Facilities: The Foundation provided nearly $22 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, renovation of Marston Hall and Hach Hall, and more. 1765774 1765774 0 Noncash Grants 1369971 Annuity Payment and Actuarial Valuation 3135745 1765774 0 81378668 true true false false false false false false false true true true false false true true false true false false true false false false false false false true false true false false false false false false false false true true false false true true true false false false true X 94 0 true 540 true true true false false false false true true false 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 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 Vice Chair 2.0 0.0 X X 0 0 0 Gregg Behrens Director 1.0 0.0 X 0 0 0 Lloyd Bettis Chair 5.0 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 Kathy Howell 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 Steven Schuler Treasurer 2.0 0.0 X X 0 0 0 Gary Streit Secretary 2.0 0.0 X X 0 0 0 Roger Underwood Director 1.0 0.0 X 0 0 0 Larissa Holtmyer Jones President and CEO 40.0 0.0 X 329852 0 42880 Lisa Eslinger Chief Financial/Admin Officer 40.0 0.0 X 219287 0 31195 Steve Biever VP for Development 40.0 0.0 X 178811 0 34622 Jeremy Galvin VP for Development 40.0 0.0 X 178787 0 34382 Kevin Stow Associate VP, Human Resources 40.0 0.0 X 132796 0 29733 Rosa Unal Associate VP, IT and DCS 40.0 0.0 X 128100 0 29452 Jenni Cushman Sr Exec Dir of Development 40.0 0.0 X 121397 0 28894 Michael Wahlin Assistant VP and Controller 40.0 0.0 X 120251 0 28530 Ray Klein Executive Dir of Development 40.0 0.0 X 114621 0 27602 Roger Neuhaus Former President 0.0 0.0 X 341869 0 110674 1865771 0 397964 17 true true false Cambridge Associates 4100 North Fairfax Drive Suite 130 Arlington VA 222031664 Consulting 948500 Weitz Company Inc 5901 Thorton Avenue Des Moines IA 50321 Construction Service 362938 Kiltearn Partners Inc 651 Holiday Drive Suite 300 Pittsburgh PA 15220 Investment Fees 273852 Axiom International Investors LLC 33 Benedict Place Greenwich CT 06830 Investment Fees 192972 Tweedy Browne Company LLC Metro Center One Station Place Stamford CT 06902 Investment Fees 189426 11 92963643 19886968 92963643 0 4419897 -1995485 6415382 0 9958 9958 168016 168016 0 168016 168016 207687952 770150 213130155 1000682 -5442203 -230532 -5672735 -5672735 0 0 0 Administrative Fee 541900 2950266 2950266 Other 611710 44470 44470 2994736 94883515 2950266 -1995485 965091 80008697 80008697 0 0 0 1136313 266755 869558 0 7600417 1448353 6152064 714300 65841 648459 1376577 289432 1087145 589647 118232 471415 0 60717 60717 137701 137701 0 0 2301824 2301824 378302 216035 162267 151729 2 151727 864834 323994 540840 654356 270959 383397 0 217071 217071 718487 180744 537743 0 504688 78994 425694 54699 54699 0 269689 269689 99059 99059 Miscellaneous Expenses 15683 15683 Annuity Payments 1369971 1369971 99224761 81378668 6415784 11430309 0 0 3245523 3840176 81779583 75062650 0 0 0 0 0 0 1387767 1287858 0 0 0 0 17297856 3657242 15449620 13640614 559651948 545982841 228590294 229704840 0 0 0 0 33914272 32589968 924019007 902108947 1127079 868910 0 0 0 0 2333322 2199999 0 0 0 0 0 0 0 0 39170417 34293397 42630818 37362306 X 25326001 22510689 244723464 237851695 611338724 604384257 881388189 864746641 924019007 902108947 -4341246 -12300302 X false true X true false X 63072544 59012859 86154845 118926479 92963643 420130370 0 0 63072544 59012859 86154845 118926479 92963643 420130370 29739616 390390754 3770087 6631107 4911519 5197325 4597871 25107909 75612 75612 94832 42636 51778 44579 44470 278295 445592186 13890206 0.87612 0.86750 X 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 611338724 36833992 -9515407 8605587 15822456 9845009 604384257 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 1.00000 true false 9743482 960000 10703482 4136734 1491675 2645059 2457640 2165567 292073 13640614 HEDGE FUNDS 64241589 F PRIVATE EQUITY - FUND OF FUNDS 89188190 F REAL ESTATE - FUNDS & RE 15327608 F EQUITY - ALT INVESTMENTS 38359752 F NATURAL RESOURCES 22587701 F 229704840 0 OTHER LONG TERM LIABILITIES 480759 TRUST LIABILITY DUE TO OTHERS 1301920 DUE TO RELATED ORGANIZATIONS 13630560 ANNUITIES PAYABLE 18880158 34293397 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 2016 AND 2015, MANAGEMENT DETERMINED THAT THERE ARE NO INCOME TAX POSITIONS REQUIRING RECOGNITION IN THE COMBINED FINANCIAL STATEMENTS. Central America and the Caribbean Investments 4020109 4020109 4020109 true false false true true false 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. true Iowa State University Beardshear Hall Ames IA 50011 426004224 115 78242923 1765774 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 for compliance with donor intent 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 X true false false false false false false false false Larissa Holtmyer Jones President and CEO 319647 0 0 0 10205 0 26500 0 17374 0 373726 0 0 0 Lisa Eslinger Chief Financial/Admin Officer 217764 0 0 0 1523 0 22021 0 10110 0 251418 0 0 0 Steve Biever VP for Development 177674 0 0 0 1137 0 18242 0 17239 0 214292 0 0 0 Jeremy Galvin VP for Development 177951 0 0 0 836 0 18002 0 17239 0 214028 0 0 0 Kevin Stow Associate VP, Human Resources 131890 0 0 0 906 0 13468 0 16895 0 163159 0 0 0 Rosa Unal Associate VP, IT and DCS 109227 0 0 0 18873 0 13072 0 16993 0 158165 0 0 0 Jenni Cushman Sr Exec Dir of Development 120776 0 0 0 621 0 12514 0 16991 0 150902 0 0 0 Roger Neuhaus Former President 66527 0 0 0 275342 0 93027 0 17895 0 452791 0 0 0 SCHEDULE J, Part I, Line 1a Certain foundation staff traveled via the university-owned plane when there was a clear business need. 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 I, Line 4a ROGER NEUHAUS' EMPLOYMENT WITH THE IOWA STATE UNIVERSITY FOUNDATION TERMINATED IN MARCH 2015. IN ACCORDANCE WITH A SEPARATION AGREEMENT, MR. NEUHAUS HAS RECEIVED SEVERANCE PAYMENTS OF $274,980 THAT HAVE BEEN REPORTED ON THIS FORM 990. ADDITIONAL SEVERANCE PAYMENTS OF $66,527 WILL BE PAID IN CALENDAR YEAR 2016 AND WILL BE INCLUDED ON HIS 2016 W-2. THESE PAYMENTS ARE REPORTED IN THE CURRENT YEAR SCHEDULE J, COLUMN (C), RETIREMENT AND OTHER DEFERRED COMPENSATION. SCHEDULE J, Part II, COLUMN C ALL EMPLOYEES PARTICIPATE IN A RETIREMENT PLAN CONSISTING OF A 403(B) DEFINED CONTRIBUTION PLAN. X 6 24910 Opinions of Experts X 4104 Opinions of Experts X 182 8314756 Fair Market Value X 9 5239915 Fair Market Value X 148 2012434 Fair Market Value X 1 701000 Sale of Similar Prop X Other 86 3521466 Replacement Costs X Grain 5 25135 Fair Market Value X New Fund Held in Trust 1 43248 SALE OF SIMILAR PROP 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 III, Line 1 - Organization's Mission The 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 theses 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 $130 million in new gifts and commitments for the year ending June 30, 2016. These results were due to the generous support of over 35,000 benefactors, including more than 6,000 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 June 30, 2016, the University and Foundation concluded "Moving Students Forward", a five-year initiative to raise $200 million for scholarships and other student support. In 2015, the original goal of $150 million was raised to $200 million when that objective was met. More than $204 million has been committed to Iowa State through this initiative. On September 30, 2016, the Iowa State University Foundation publically launched the "Forever True, For Iowa State" campaign, a historic $1.1 billion comprehensive fundraising campaign focused on achieving the goal to help make Iowa State the premier land-grant university for the 21st century. This includes funding for research, faculty, student scholarships, new facilities and innovative programming, among other funding priorities. The campaign began July 1, 2012, and will conclude June 30, 2020. Form 990, Part VI, 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, 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, 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, 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 CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER. 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, 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, Line 15a ANY CHANGE TO COMPENSATION FOR THE PRESIDENT and CEO OF THE IOWA STATE UNIVERSITY FOUNDATION IS recommended BY THE EXECUTIVE COMMITTEE acting as the entity's compensation committee to THE BOARD OF DIRECTORS who formally approve the compensation and any contracts. THE PRESIDENT and CEO'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 and CEO, 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 senior LEADERSHIP team IS SHARED WITH THE BOARD OF DIRECTORS. 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. Form 990, Part VI, 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. Foundation Properties LLC 2505 University Boulevard Ames IA 500102230 421143702 Real Estate IA 0 100000 ISUF Forestry Camp LLC 2505 University Boulevard Ames IA 500102230 421143702 Real Estate IA 3100000 3100000 ISUF 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 ISU Facilities Corporation 2505 University Boulevard Ames IA 500102230 474757561 Bond Issuance IA 501(c)3 L11 Type 1 ISUF true Charitable Remainder Trusts (68) 2505 University Boulevard Ames IA 500102230 Trust IA NA Trust false Charitable Lead Trust (1) 2505 University Boulevard Ames IA 500102230 Trust IA NA Trust 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. The ISU Facilities Corporation was established in August 2015 to issue tax exempt bonds. The organization is considered a related organization as there are shared board of director members.