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University of South Dakota Foundation Endowment Fund

Name: University of South Dakota Foundation

Assets Under Management: $325.9 Million (Source: University of South Dakota Foundation on 6/30/2012)

Annual Report: The University of South Dakota and Sanford School of Medicine Financial Report June 30, 2012

Portfolio Insights: “The University’s largest asset is our investment in the physical plant which represents $248.9, $244.4 and $218.4 million at June 30 2012, 2011 and 2010 respectively.

During fiscal year 2012, the University’s total assets increased over the prior year by $10.2 million. Non-current assets consist mainly of physical plant which increased $4.9 million primarily due to the additions of the University Center Science and Technology Classroom Building, Delzell Education Center infrastructure upgrades, and the Energy Conservation infrastructure project.” (Source)

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Top University of South Dakota Foundation Endowment Fund Headlines:

1) The University of South Dakota Foundation (USD Foundation) is embarking on the largest capital campaign in South Dakota history. University of South Dakota (USD) Athletics is an important campaign partner and the Foundation has been charged with finding an enthusiastic leader to manage and grow the Howling Pack (loyal fan) program.

Founded in 1922, the USD Foundation is an independent, 501(c)(3) corporation created to generate support for South Dakota’s flagship institution. As of September 30, 2012, the foundation’s endowment totaled $167 million. (Source)

2) The University of South Dakota Foundation is pleased to announce that Jon Schemmel is the new Associate Athletic Director for Development effective immediately. Schemmel will play a pivotal role in securing contributions for the three major campus projects that were recently approved by the South Dakota Board of Regents.

“I couldn’t be more excited about the opportunity to work with Steve Brown and the USD Foundation as well as David Sayler and the entire USD athletics’ staff,” said Schemmel. “The vision and excitement President (Jim) Abbott and David Sayler have for this university and its Division I athletic programs is second-to-none, and I feel fortunate to continue to be a part of it. I look forward to meeting as many USD alums, friends and fans as soon as possible.” (Source)

3) The University of South Dakota Foundation announced three major gifts to the university Friday. According to Steve Brown, president and CEO of the USD Foundation, three distinguished former faculty members of the USD Sanford School of Medicine have created faculty endowments in support of medical student education.

The first endowed chair in the history of the University of South Dakota’s Sanford School of Medicine has been established thanks to a $1 million gift from the estate of Dr. Karl Wegner. The initial recipient is Dr. Keith Hansen of Sioux Falls.

A second faculty chair will be endowed as the result of the generosity of Dr. Charley and Elizabeth Gutch. Their $3.7 million gift will establish the Charley and Elizabeth Gutch Chair. The late Dr. Gutch was associate dean of the Medical School from 1983-88. On retirement, he was named professor emeritus of the medical school. (Source)

4) The University of South Dakota Foundation has established two memorial funds in the name of former South Dakota Gov. Bill Janklow.

The Janklow Archival Fund will support the processing of Janklow’s public and personal papers, and the Janklow Scholarship Fund will support the studies of students dedicated to public service in South Dakota. (Source)

5) Founded in 1922, the University of South Dakota Foundation is an independent,
501(c)(3) corporation governed by a board elected by qualified trustees. The foundation was organized solely for the benefit of The University of South Dakota in securing, investing and managing private gifts to the university. The foundation works in close concert with other external relations arms of the university and support organizations–such as the University of South Dakota Alumni Association and the Department of Intercollegiate Athletics–to engage with USD’s external constituencies and to generate support for its needs. (Source)

About Richard C. Wilson