EIN 46-6018891

University of South Dakota Foundation (USDF)

IRS 501(c) type
501(c)(3)
Num. employees
51
City
Vermillion
Year formed
1928
Most recent tax filings
2022-12-01
Description
University of South Dakota Foundation's mission is to provide private resources for the University of South Dakota to increase the excellence of its students’ educational experience.
Total revenues
$26,328,274
2022
Total expenses
$25,290,294
2022
Total assets
$334,981,490
2022
Num. employees
51
2022

Program areas at USDF

Provide scholarship funds to increase the academic excellence of the student body and the quality of their educational experience. Scholarships are awarded for both recruiting and retention purposes. For the 2021-2022 academic year, $10 million in scholarships were awarded. For the 2022-2023 academic year, $10.8 million in scholarships were awarded. This level of funding represents an increase of 43.5% over the last 5 years.
Provide funds to support academic faculty through salary augmentation, research and professional development, support of student travel and research, and support of usd museums and various auxiliary programs. In 2022, $3.6 million was provided to support these needs.
Provide funds to construct new campus facilities and restore, repair and maintain existing facilities. The Foundation has been instrumental in a major renovation and reconstruction plan for facilities at usd. Since 1996, $103.5 million has been provided for facilities that haveenhanced the students' educational experience and opportunities.

Grants made by USDF

GranteeGrant descriptionAmount
The Black Hills PlayhouseScholarships/program Support$15,367
Vermillion Chamber and DevelopmentProgram Support$15,000

Who funds University of South Dakota Foundation (USDF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Sanford Tax GroupProgram Support,education/workforce Development,scholarship Endowment$3,143,333
Alumni Association of the University of South DakotaEndowment for Scholarships of Usd Alumni Children$1,197,534
Edgar W Freeman Charitable TrustFunding Support$275,280
...and 33 more grants received totalling $5,530,170

Personnel at USDF

NameTitleCompensation
Jay WilsonPresident and Chief Executive Officer$223,173
Nick KotzeaSecretary and Treas; Chief Operating Officer and General Counsel$190,671
Christine TjelmelandChief Financial Officer$253,243
Cheryl TiahrtChief Information Officer
Laura McNaughtonChief of Staff
...and 25 more key personnel

Financials for USDF

RevenuesFYE 12/2022
Total grants, contributions, etc.$15,496,625
Program services$1,147,606
Investment income and dividends$6,262,301
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$18,621
Net gain from sale of non-inventory assets$3,454,067
Net income from fundraising events$-63,469
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,523
Total revenues$26,328,274

Form 990s for USDF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-12990View PDF
2021-122022-11-03990View PDF
2020-122021-10-18990View PDF
2019-122021-02-19990View PDF
2018-122020-01-21990View PDF
...and 14 more Form 990s
Data update history
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 7 new personnel
November 27, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
October 25, 2023
Received grants
Identified 31 new grant, including a grant for $1,845,817 from Sanford Tax Group
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Political advocacyProvides grantsLobbyingFundraising eventsOperates internationallyState / local levelEndowed supportCommunity engagement / volunteeringGala fundraisersAuction fundraisersFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
1110 N Dakota
Vermillion, SD 57069
County
Clay County, SD
Website URL
usdalumni.com/about/volunteer-leadership 
Phone
(605) 677-6703
IRS details
EIN
46-6018891
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1928
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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