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South Dakota State University Endowment Fund

Name: South Dakota State University

Assets Under Management: $442.2 Million (Source: South Dakota State University on 6/30/2012)

Annual Report: Financial Report of South Dakota State University, Brookings, South Dakota, Its Colleges and Agencies For the Year Ended June 30, 2012

Portfolio Insights: “South Dakota State University is one of the six public universities under the control of the South Dakota Board of Regents. The University’s financial position improved during the fiscal year ended June 30, 2012 as compared to the previous fiscal year.

The University’s total assets increased over the period by $74.5 million primarily due to an increase in Cash of $57.3 million due to the inssuance of the Series 2011 bonds of $57.7 million” (Source)

Our team, the Endowment Fund Association (EFA) and is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top South Dakota State University Endowment Fund Headlines:

1) David L. Chicoine, Ph.D., 67, is president of South Dakota State University, a land grant research institution, and professor of economics.  Prior to 2007, he was professor of agricultural economics at the University of Illinois at Urbana-Champaign and held various positions of increasing administrative responsibility with the University of Illinois, most recently as vice president for technology and economic development.  Dr. Chicoine was elected to the Monsanto board in April 2009 and is a member of the Science and Technology Committee and of the Sustainability and Corporate Responsibility Committee. (Source)

2) Farm Credit Services of America has made a $50,000 donation to the proposed Swine Teaching and Research Facilities at South Dakota State University.

The facilities are likely to be constructed in multiple phases where the existing buildings are located north of campus. Once completed, it would provide 44,527 square feet of modern educational and research space. The project requires $5.5 million in private funding. To date, $1.145 million has been committed.

The request had been initiated by Bob Schmidt, senior vice president of FCSAmerica, in Pierre, as part of its community involvement program. FCSAmerica began its community involvement program in January 2012. Funding decisions hinge on programs that will impact well into the future.

“We are thrilled to have partners like Farm Credit Services of America who understand how urgent our facility projects are,” said Dean Barry Dunn of the College of Agriculture and Biological Sciences at SDSU.  “Farm Credit Services of America is making an investment not only in SDSU, but in agriculture across our state and our region.  We truly appreciate their decision to make such a substantial impact on our swine unit facilities.” (Source)

3) The South Dakota State University Foundation’s mission is: ” to continue to strengthen South Dakota State University’s tradition of academic and human excellence.” (Source)

4) South Dakota State University in Brookings recently received $2.3 million from the United States Agriculture Department to continue its leadership of the Sun Grant Program. SDSU Vice President for Research and Economic Development Kevin Kephart says the focus of the program has largely been celullosic biofuels.

“Cellulosic ethonal or cellulosic advanced fuels. It also includes oil seeds, and algae. Many other food stocks that are of interest as well.  And its not all fuels either. The focus… the intent from the beginning has been on bio-based products whether is lubricants or plastics or what have you, but based on agricultural food stocks.” (Source)

5) Aaron Sattler considers his involvement in the Honors program to be the best investment of his time at South Dakota State University.

The Worthing, South Dakota, native graduated in May with Honors College Distinction and a degree in Spanish. Soon after, he was in León, Nicaragua, putting his college experience to work with Quetzalltrekkers, a nonprofit volunteer organization that offers adventure hikes to raise money for at-risk children.

Sattler guides tours ranging from one-day hikes up cinder cone volcanoes to three-day hikes through canyons and volcanoes, often reaching the highest point in Nicaragua.

Sattler credits the Honors program for helping prepare him for his new adventure. “My Honors experience significantly and positively impacted my life through all that I have learned and all of the relationships I formed.” (Source)

About Richard C. Wilson