Bemidji State University Alumni and Foundation

“The form 990 is reviewed by the bsu foundation accounting officer. The form 990 is then presented to the bsu foundation board of directors for approval.”

“As per policy, prior to board action, disclosure is required. Disclosure forms are completed annually.”

“"the foundation board president works with the university president to determine a recommendation for appropriate compensation. Data from the college and university professional association for human resources is used to reference classification salary ranges based on comparable budget sizes. The recommendations of the two presidents require approval by the minnesota state colleges and university's office of the chancellor."”

“The bsu foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The mission of the bemidji state university foundation is to ensure the long-term success of bemidji state university by financially supporting its mission of providing students with the most highly personalized and relevant education of any regional public university, while fostering academic excellence, ethics-based leadership and an environment of greater community responsibility. The vision statement for the bemidji state university foundation: the bemidji state university foundation will make a meaningful difference for bemidji state university- and its inherent uniqueness, traditions and promising future- by ensuring the financial support to advance academic achievement, transform lives and strengthen the state and northern minnesota through enhanced cultural and economic energy. The foundation serves to cultivate relationships with those individuals and organizations who have the capacity and affinity to contribute funds short and long-term to bemidji state university. These groups include donors and key prospects among alumni, corporations, foundations, and "friends" of the university. The bsu foundation, in close collaboration with bsu alumni association, targets communication to approximately +43,000 addressable constituents on record. Among the communication vehicles used now or in the past are the following: monthly alumni newsletters quarterly alumni newsletters (horizons) foundation alumni report foundation and alumni association website alumni online community approximately 20 additional mailings to include invitations to annual meetings, events, class reunions, etc. The foundation provides funding to the university for scholarships, research projects, equipment, personell, and other needs of the university. In addition to raising hard dollars, bsu foundation also: works with individuals who want to fulfill their philanthropic goals through estate planning. Gives back to our communities, the region and throughout the state through leadership and volunteerism. Enhances the quality of lives in the community and region by underwriting and/or sponsoring cultural and athletic events. Recruits, trains, coaches, and mentors volunteers. Provides grants to university students and faculty for research. Assists the university in the recruitment and retention of students. Encourages and accepts in-kind donations.”

“Transfer of funds - bsu alumni -105,000.”

“Form 990, part xii, line 2c: the executive committee oversees the audit of the financial statements and the finance committee is responsible for selecting/recommending an independent accountant to the full board of directors for their approval.”