EIN 42-1143702

Iowa State University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
270
City
State
Year formed
1980
Most recent tax filings
2022-06-01
Description
The Iowa State University Foundation aligns donor passion and generosity to advance Iowa State University's Land-Grant Ideals. The foundation maximizes philanthropy in support of the university, including its students, faculty, facilities, and programs. Through private gift support, nearly $38.5 million in scholarships, fellowships, loans, and awards were given to undergraduate and graduate students in all programs and units. Both merit-based and need-based scholarships were awarded.
Total revenues
$255,070,989
2022
Total expenses
$146,572,844
2022
Total assets
$1,813,751,650
2022
Num. employees
270
2022

Program areas at Iowa State University Foundation

Student support: Iowa State undergraduate and graduate students received nearly $38.5 million in scholarships, fellowships, loans and awards from private gift support. Students received both merit- and need-based scholarship 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 2022, more than 7,000 students received scholarships funded by private gift support.
Facilities: the Foundation provided more than $48.5 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 stark performance center, pedestrian gateway bridge project, the isu kent corp feed mill and grain science complex, and more.
Faculty and program support: with over $28.7 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 2022, the number of endowed faculty positions (chairs, professorships and fellowships) was 228.
Noncash grants

Grants made by Iowa State University Foundation

GranteeGrant descriptionAmount
Iowa State Univeristy of Science and TechnologySee Part Iv$115,735,931

Who funds Iowa State University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$2,169,816
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$2,169,816
Kent Corporation Charitable FoundationGeneral Operations$1,600,000
...and 186 more grants received totalling $19,089,627

Personnel at Iowa State University Foundation

NameTitleCompensation
Larissa Holtmyer JonesPresident and Chief Executive Officer$500,592
Emily HagerVice President and Chief Financial Officer$144,016
Lisa EslingerCfao / Chief Financial and Administrative Officer / Cfao / Cfao / Cfao / Chief Financial Officer and Chief Administrative Officer / Chief Financial and Administration Officer / Senior Vice President of Finance and Ops. / Senior Vice President of Finance and Operations$245,168
Rosa UnalVice President and Chief Information Officer$181,773
Jeremy GalvinVice President and Chief Development Officer$262,128
...and 8 more key personnel

Financials for Iowa State University Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$211,090,028
Program services$0
Investment income and dividends$1,038,223
Tax-exempt bond proceeds$0
Royalty revenue$3,617
Net rental income$301,821
Net gain from sale of non-inventory assets$40,137,227
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,500,073
Total revenues$255,070,989

Form 990s for Iowa State University Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-26990View PDF
2021-062022-04-16990View PDF
2020-062021-05-28990View PDF
2019-062020-10-19990View PDF
2018-062019-06-19990View PDF
...and 9 more Form 990s

Organizations like Iowa State University Foundation

OrganizationLocationRevenue
Georgia Tech FoundationAtlanta, GA$283,884,508
Stony Brook FoundationStony Brook, NY$150,444,669
University System of Maryland Foundation (USMF)Adelphi, MD$97,078,608
University of Wyoming FoundationLaramie, WY$110,814,430
The Ohio University FoundationAthens, OH$75,179,430
The Florida State University FoundationTallahassee, FL$96,038,685
Kansas State University FoundationManhattan, KS$256,518,677
Rutgers University FoundationNew Brunswick, NJ$202,492,280
Washington State University Foundation (WSU)Pullman, WA$106,044,352
University of Illinois FoundationUrbana, IL$360,635,048
Data update history
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $295,000 from Iowa Pork Producers Association
February 3, 2024
Received grants
Identified 69 new grant, including a grant for $871,302 from The Bright Foundation
October 26, 2023
Received grants
Identified 17 new grant, including a grant for $618,000 from The Chicago Community Trust
August 19, 2023
Received grants
Identified 152 new grant, including a grant for $6,000,000 from The Smith Family Foundation
August 3, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsOperates internationallyState / local levelEndowed supportCommunity engagement / volunteeringTax deductible donations
General information
Address
2505 University Blvd PO Box 2230
Ames, IA 50010
Metro area
Ames, IA
County
Story County, IA
Phone
(515) 294-4607
Facebook page
isufoundation 
Twitter profile
@isufoundation 
IRS details
EIN
42-1143702
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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