Iowa State University Foundation

Organization Overview

Iowa State University Foundation is located in Ames, IA. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Iowa State University Foundation employed 316 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa State University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Iowa State University Foundation generated $196.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $116.7m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ALIGNING DONOR PASSION AND GENEROSITY TO ADVANCE IOWA STATE UNIVERSITY'S LAND-GRANT IDEALS.

Describe the Organization's Program Activity:

STUDENT SUPPORT: IOWA STATE UNDERGRADUATE AND GRADUATE STUDENTS RECEIVED MORE THAN $38 MILLION IN SCHOLARSHIPS, FELLOWSHIPS, LOANS AND AWARDS FROM PRIVATE GIFT SUPPORT. STUDENTS RECEIVED BOTH MERIT- AND NEED-BASED SCHOLARSHIPS ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT IS CRITICAL TO ENSURING THAT ALL WILLING STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATION OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS. IN 2021, NEARLY 7,000 STUDENTS RECEIVED SCHOLARSHIPS FUNDED BY PRIVATE GIFT SUPPORT.


FACULTY AND PROGRAM SUPPORT: WITH OVER $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 2021, THE NUMBER OF ENDOWED FACULTY POSITIONS (CHAIRS, PROFESSORSHIPS AND, FELLOWSHIPS) WAS 197.


FACILITIES: THE FOUNDATION PROVIDED MORE THAN $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 GERDIN BUILDING ADDITION, THE STARK PERFORMANCE CENTER, THE STUDENT INNOVATION CENTER, AND MORE.


NONCASH GRANTS


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Viking Long Fund Lp
Investment Fees
$1,247,359
Cambridge Associates Llc
Consulting
$1,049,500
Tweedy Browne Company Llc
Investment Fees
$595,441
Uc Innovation Inc
Consulting
$486,737
Adage
Investment Fees
$466,834
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$150,793,472
Noncash contributions included in lines 1a–1f $20,675,445
Total Revenue from Contributions, Gifts, Grants & Similar$150,793,472
Total Program Service Revenue$0
Investment income $888,134
Tax Exempt Bond Proceeds $0
Royalties $2,629
Net Rental Income $493,664
Net Gain/Loss on Asset Sales $41,733,597
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $196,378,537

Grants Awarded

Over the last fiscal year, Iowa State University Foundation has awarded $201,395,996 in support to 4 organizations.

Grant RecipientAmount

IOWA STATE UNIVERSITY

Org PageRecipient Profile

Ames, IA

PURPOSE: SEE PART IV

$100,693,775

IOWA STATE UNIVERSITY

Org PageRecipient Profile

Ames, IA

PURPOSE: SEE PART IV

$100,693,775

ISU FACILITIES CORPORATION

Org PageRecipient Profile

Ames, IA

PURPOSE: LEGAL FEES

$4,223

ISU FACILITIES CORPORATION

Org PageRecipient Profile

Ames, IA

PURPOSE: LEGAL FEES

$4,223
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Iowa State University Foundation has recieved totaling $230,075.

Awarding OrganizationAmount
The Fullgraf Foundation

Wilmington, DE

PURPOSE: LEBARON AND MACKAY COMPLEX

$200,000
Risdal Family Charitable Foundation

Gilbert, IA

PURPOSE: CONTRIBUTION

$26,200
Dennis D And Geri Georg Foundation Inc

Fort Collins, CO

PURPOSE: GENERAL FUND

$2,000
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$1,875
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$930,883,959
Earnings$319,350,426
Admin Expense$13,172,925
Net Contributions$55,033,035
Other Expense$27,430,428
Grants$11,117,471
Ending Balance$1,253,546,596

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