2015-01-20T16:01:18-06:00 2014-06-30 KPMG LLP 1212 North 96th Street Suite 300 Omaha NE 68114 990 2013-07-01 421143702 IOWA STATE UNIVERSITY FOUNDATION % Lisa Eslinger IOWA 5152944607 2505 University Boulevard PO Box 2 Suite Ames IA 500102230 Michael Wahlin Assistant VP & Controller 5152944607 2015-01-19 true LORRAINE A EGGER P00223617 5152944607 2013 2016-02-25 16:41:14Z Roger Neuhaus 2505 University Boulevard Ames IA 500102230 421711301 false X www.foundation.iastate.edu X 1980 IA To secure and steward private gifts that support Iowa State University. 16 16 587 154 -794535 -821275 59012859 86154845 0 0 9884676 19251251 3084694 3204845 71982229 108610941 69784717 80689389 0 0 9634895 10320390 0 39500 10292397 8749934 8587463 88169546 99636742 -16187317 8974199 787927332 881166016 36855151 39848940 751072181 841317076 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 $119 million in new gifts and commitments for the year ending June 30, 2 false false 23453412 23453412 793974 Student Support: Iowa State undergraduate and graduate students received more than $23 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 2014, more than 6,000 students received scholarships funded by private gift support. 27094223 27094223 917228 Faculty and Programmatic Support: With more than $27 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 2014, the number of endowed faculty positions (chairs, professorships and fellowships) increased to 177. 29189566 29189566 988162 Facilities: The Foundation provided more than $29 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 renovations to Curtiss Hall and new construction such as the jeff & Deb Hansen Agriculture Student Learning Center, Troxel Hall, Elings Hall, Sukup Hall, and more. 952188 952188 Noncash Grants 2399700 Annuity Payment and Actuarial Valuation 3351888 952188 83089089 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 94 0 true 587 true true true true CJ VI false false false true true false false false false X 16 16 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 Marla Franklin 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 Frankee Oleson 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 40.0 0.0 X 352530 0 34266 Lisa Eslinger SR. VP OF FINANCE & OPS. 40.0 0.0 X 215382 0 35002 Larissa Holtmyer Jones VP FOR DEVELOPMENT 40.0 0.0 X 221583 0 38102 Steve Biever ASST VP FOR DEVELOPMENT 40.0 0.0 X 139260 0 30534 Jeremy Galvin ASST VP FOR DEVELOPMENT 40.0 0.0 X 134331 0 29782 Kevin Stow Associate VP, Human Resources 40.0 0.0 X 126962 0 27916 John Glover EXEC DIR - ENGINEERING 40.0 0.0 X 115018 0 21944 Rosa Unal Associate VP of IT and DCS 40.0 0.0 X 109713 0 27449 Dan Saftig FORMER PRESIDENT 0.0 0.0 X 315000 0 13936 1729779 0 258931 12 true true false Cambridge Associates 4100 North Fairfax Drive Suite 130 Arlington VA 222031664 Consulting 866098 Tweedy Browne Company LLC Metro Center One Station Place Stamford CT 06902 Investment Fees 403270 IT Services University Info Systems 2nd Floor ASB Ames IA 500113601 IT Services 185124 Axiom International Investors LLC 33 Benedict Place Greenwich CT 06830 Investment Fees 177568 Wilshire 1299 Ocean Avenue Suite 700 Santa Monica CA 904011085 Investment Fees 168243 10 86154845 13887747 86154845 0 4457816 -794535 5252351 0 31213 31213 422490 422490 0 422490 422490 326927437 966358 312089299 1011061 14838138 -44703 14793435 14793435 0 0 0 Administrative Fee 541900 2699364 2699364 Other 611710 51778 51778 2751142 108610941 2699364 -794535 20551267 80689389 80689389 0 0 0 905042 255801 649241 0 7002280 1365554 5636726 628345 51034 577311 1261647 271801 989846 523076 110504 412572 0 62277 58485 3792 123509 123509 0 39500 39500 2514843 2514843 419801 245136 174665 112052 419 111633 760038 328569 431469 506041 131411 374630 0 188018 188018 649244 119619 529625 0 430188 68801 361387 85996 85996 0 225961 225961 83985 83985 Miscellaneous Expenses 25810 25810 Annuity Payments 2399700 2399700 99636742 83089089 6255256 10292397 0 0 1902918 2678195 65479487 78475294 0 0 0 0 0 0 1576455 1609466 0 0 0 0 18768243 3604257 15759323 15163986 479448238 545009616 195041338 206432241 0 0 0 0 28719573 31797218 787927332 881166016 897160 718985 0 0 0 0 2580521 2463636 0 0 0 0 0 0 0 0 33377470 36666319 36855151 39848940 X 22642323 26606833 208611119 214629490 519818739 600080753 751072181 841317076 787927332 881166016 8974199 81270696 X false true X true false X 65391531 73091607 63072544 59012859 86154845 346723386 0 0 65391531 73091607 63072544 59012859 86154845 346723386 20992023 325731363 5009524 4475704 3770087 6631107 4911519 24797941 75612 75612 33349 55584 94832 42636 51778 278179 371875118 13230978 0.87592 0.88980 X Part II, Line 10 Other income Includes fees for various services and other miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 358360551 13533880 50384450 5601400 10685921 6683783 399307777 1.00000 true false 11773667 960000 12733667 3402015 1180135 2221880 2632561 2424122 208439 15163986 HEDGE FUNDS 65176992 F PRIVATE EQUITY - FUND OF FUNDS 72056338 F REAL ESTATE - FUNDS & RE 17737545 F EQUITY - ALT INVESTMENTS 31675224 F NATURAL RESOURCES 19786142 F 206432241 0 TRUST LIABILITY DUE TO OTHERS 1649616 OTHER LONG TERM LIABILITIES 416985 DUE TO RELATED ORGANIZATIONS 14040058 ANNUITIES PAYABLE 20559660 36666319 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. During 2014 and 2013, 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 St W Lyndhurst NJ 07071 Fundraising Consultant false 39500 -39500 39500 -39500 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 Part I, Line 2b(v) MARTS & LUNDY PROVIDED CONSULTING SERVICES related to feasibility analysis for a future campaign. true Iowa State University Beardshear Hall Ames IA 50011 426004224 115 77467201 952188 FMV See attached See attached IOWA STATE UNIVERSITY RESEARCH PARK 2711 S LOUP DRIVE STE 4050 AMES IA 500108648 421309259 115 2270000 APPRAISAL SEE ATTACHED 2 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. 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, AWARDS, ETC.), 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). PART II, LINE 2, COLUMNS (G) AND (H) (G) DESCRIPTION OF NON-CASH ASSISTANCE: TRANSFER OF LAND (H)PURPOSE OF GRANT OR ASSISTANCE: LAND OWNED BY THE FOUNDATION WAS TRANSFERRED TO THE IOWA STATE UNIVERSITY RESEARCH PARK FOR THE PURPOSE OF EXPANSION AND NEW DEVELOPMENT. X X true true X X X true false false false false false false false false Roger Neuhaus PRESIDENT 343366 0 0 0 9164 0 20478 0 14778 0 387786 0 0 0 Larissa Holtmyer Jones VP FOR DEVELOPMENT 221117 0 0 0 466 0 21920 0 17120 0 260623 0 0 0 Lisa Eslinger SR. VP OF FINANCE & OPS. 214366 0 0 0 1016 0 20908 0 15016 0 251306 0 0 0 Steve Biever ASST VP FOR DEVELOPMENT 138875 0 0 0 385 0 14352 0 16902 0 170514 0 0 0 Jeremy Galvin ASST VP FOR DEVELOPMENT 133980 0 0 0 351 0 13600 0 16871 0 164802 0 0 0 Kevin Stow Associate VP, Human Resources 126622 0 0 0 340 0 11926 0 16609 0 155497 0 0 0 Dan Saftig FORMER PRESIDENT 0 0 0 0 315000 0 0 0 13936 0 328936 0 0 0 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. Part I, Line 4a Daniel Saftig's employment with the Iowa State University Foundation terminated in March 2012. In accordance with a separation agreement, Mr. Saftig received severance payments over an eighteen month period, paid on a monthly basis beginning in April 2012. Severance payments of $315,000 were paid out to Mr. Saftig in calendar year 2013, included on his 2013 W-2, and reported in Schedule J in Other Reportable Compensation. Part II, column (C) All employees participate in a retirement plan consisting of a 403(b) defined contribution plan. X 13 43922 Opinions of Experts X 17 7845 Opinions of Experts X 25813 Opinions of Experts X 38313 Cost/Selling Price X 1 500 Fair Market Value X 368 10341647 Fair Market Value X 2 130041 Fair Market Value X 131 1464377 Fair Market Value X 1 709000 Sale of Similar Prop X 2 7020 Opinions of Experts X 5 3285 Opinions of Experts X New funds held in trust 1 58007 Sale of Similar Prop X Other 149 1054977 Replacement Costs X Soybeans 2 3000 Fair Market Value 8 false true true 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, 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 appointed 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 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, 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 audit 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 and 15B 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 infomation 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, Line 16a & b 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. 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 (74) 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.