EIN 42-1143702

Iowa State University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
303
City
State
Year formed
1980
Most recent tax filings
2023-06-01
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
$147,035,872
2023
Total expenses
$153,769,487
2023
Total assets
$1,874,949,873
2023
Num. employees
303
2023

Program areas at Iowa State University Foundation

Student support: Iowa State undergraduate and graduate students received over $47.7 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 2023, more than 7,500 students received scholarships funded by private gift support.
Facilities: the Foundation provided more than $41.2 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 therkildsen industrial engineering building, stark performance center, pedestrian gateway bridge project, isu kent corp feed mill and grain science complex, and more.
Faculty and program support: with over $30.2 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 2023, the number of endowed faculty positions (chairs, professorships, and fellowships) was 238.
Noncash grants

Grants made by Iowa State University Foundation

GranteeGrant descriptionAmount
Iowa State Univeristy of Science and TechnologySee Part Iv$119,083,141

Who funds Iowa State University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kent Corporation Charitable FoundationGeneral Operations$1,600,000
Seba FoundationDonation for Higher Educational Purposes.$1,327,753
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,199,326
...and 187 more grants received totalling $15,155,631

Personnel at Iowa State University Foundation

NameTitleCompensation
Larissa Holtmyer JonesPresident and Chief Executive Officer / Vice President for Development / President and Chief Executive Officer$520,672
Emily HagerVice President and Chief Financial Officer$173,697
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$126,881
Rosa UnalVice President and Chief Information Officer$200,168
Jeremy GalvinVice President and Chief Development Officer$303,140
...and 11 more key personnel

Financials for Iowa State University Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$111,023,294
Program services$0
Investment income and dividends$2,755,820
Tax-exempt bond proceeds$0
Royalty revenue$2,072
Net rental income$335,928
Net gain from sale of non-inventory assets$30,418,613
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,500,145
Total revenues$147,035,872

Form 990s for Iowa State University Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-04-26990View PDF
2021-062022-04-16990View PDF
2020-062021-05-28990View PDF
2019-062020-10-19990View PDF
...and 10 more Form 990s

Organizations like Iowa State University Foundation

OrganizationLocationRevenue
Georgia Tech FoundationAtlanta, GA$238,958,217
Stony Brook FoundationStony Brook, NY$79,474,546
University of Maine FoundationOrono, ME$40,999,640
University System of Maryland Foundation (USMF)Adelphi, MD$46,875,365
Us Naval Academy FoundationAnnapolis, MD$42,720,596
Hispanic Scholarship FundGardena, CA$45,537,768
The Ohio University FoundationAthens, OH$85,119,153
NDSU Foundation NDSU Foundation and Alumni AssociationFargo, ND$58,170,689
The Florida State University FoundationTallahassee, FL$96,038,685
Kansas State University FoundationManhattan, KS$185,341,726
Data update history
August 10, 2024
Updated personnel
Identified 2 new personnel
August 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 2, 2024
Received grants
Identified 52 new grant, including a grant for $638,003 from American Online Giving Foundation
July 16, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $295,000 from Iowa Pork Producers Association
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
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
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
048278
FTB Entity ID
1075550
AB 488 data last updated ("as-of") date
2024-10-16
Free account sign-up

Want updates when Iowa State University Foundation has new information, or want to find more organizations like Iowa State University Foundation?

Create free Cause IQ account