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        <Explanation>Part I, Line 3: The State of Iowa, Board of Regents ("Board of Regents") is responsible for establishing the compensation of the President of Iowa State University, who is concurrently the sole Trustee of the Iowa State University 1993 Trust. The compensation and incentive plan is evaluated and approved by the Board of Regents. The Board of Regents reviews the salary ranges and recommends salary increases for the President, based upon the Board of Regents' evaluation of job performance and experience level of the individual. The Board of Regents sets a range for the performance incentive plan and further discusses these incentive goals with the President.</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 8a</Identifier>
        <Explanation>Pursuant to its trust agreement, Iowa State University 1993 Trust ("the Trust") is required to keep record of all actions resolved by it to be taken. The Trustee regularly meets with the Iowa State University Budget Committee to discuss actions related to the Trust. The Trustee consults with the Provost and Associate Vice President of Budget and Planning of Iowa State University to discuss actions regarding budget planning for the Trust. The Iowa State University Treasurer's office and Controller periodically review actions by the Trustee.</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 8b</Identifier>
        <Explanation>Pursuant to its trust agreement, Iowa State University 1993 Trust ("the Trust") is required to keep record of all actions resolved by it to be taken. The Trustee regularly meets with the Iowa State University Budget Committee to discuss actions related to the Trust. The Trustee consults with the Provost and Associate Vice President of Budget and Planning of Iowa State University to discuss actions regarding budget planning for the Trust. The Iowa State University Treasurer's office and Controller periodically review actions by the Trustee.</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>Iowa State University 1993 Trust prepares the Form 990 within the Finance Department at Iowa State University. Upon completion of gathering the necessary information for the return, The form was compiled by Iowa State University's 1993 trust's accounting firm. Drafts of the form were reviewd by the Controller and Trustee. A copy of the Form 990 is provided to the board members prior to filing with the IRS.</Explanation>
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        <ReturnReference>Form 990, Part VI, Section B, line 15a</ReturnReference>
        <Explanation>The State of Iowa, Board of Regents ("Board of Regents") is responsible for establishing the compensation of the President of Iowa State University, who is concurrently the sole Trustee of the Iowa State University 1993 Trust. The compensation and incentive plan is evaluated and approved by the Board of Regents. The Board of Regents reviews the salary ranges and recommends salary increases for the President, based upon the Board of Regents' evaluation of job performance and experience level of the individual. The Board of Regents sets a range for the performance incentive plan and further discusses these incentive goals with the President.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section C, line 19</ReturnReference>
        <Explanation>Governing documents and financial statements are available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VII:</ReturnReference>
        <Explanation>The compensation listed on Part VII is related to 40 hours per week of work devoted to related organization operations.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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          <City>Ames</City>
          <State>IA</State>
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