DSU Foundation Board holds fall meeting

The Dakota State University Foundation Board of Trustees held its biannual meeting September 23. Trustees met for the daylong session in the Mundt Library Foundation on the DSU campus.

DSU President Doug Knowlton welcomed the board with a campus update. 

Board Chair, Alice Poppen welcomed five new Trustees joining the Board. They include: Dr. Richard Belatti, Madison,  retired anesthesiologist; Robb Graham, Madison, President, Rserving.com;  Mark Stoller, Madison, general manager of the Madison Farmers Elevator; Bill Beck, Sioux Falls, 1998 DSU graduate and attorney with Woods, Fuller, Shultz and Smith; and Suzy Collignon-Hodgen, Sioux Falls, a 1998 graduate, and project manager for information technology at Avera.  On behalf of the Foundation and Board of Trustees, Poppen thanked retiring Trustees Bob Ellsworth and Dr. Mike Brooke of Madison.

 The business meeting included the re-election of several trustees who will retain their seats for an additional 3-year term. They are Dan Meadows, Paradise Valley, AZ; Kazzi Foster-Teel, Colton; Sarah Linneman, Sioux Falls; Becky Halma, Nini Hart, and Scott Scofield of Wentworth; and  Dr. Wayne Pauli, Randy Schaefer, and Scott Schlisner of Madison.

DSU Foundation President and CEO Judy Payne reported on Foundation activities. Payne relayed that in addition to continual work with donors, Foundation staff had hosted the Blue and Gold Golf Classic, the 2011 DSU Gala, and numerous alumni events since the Board last met.  Other Foundation staff reports included an update on DSU 2.0, The Capital Campaign by Campaign Director, Tracy Pardy; fiscal year giving and Annual Fund reports by Foundation Gift Processor, Annie Leonard; alumni activities report by Alumni Director, Jona Schmidt; and the annual scholarship report by Scholarship and Endowment Development Officer, Rosie Jamison.

 Highlights of the reports included record-setting years for revenues from the Blue and Gold Golf Tournament and the DSU Gala; Capital Campaign gifts and pledges nearing $9 million; athletic revenues up due to sales and marketing of advertising and sponsorship opportunities; and record-setting scholarship awards totaling $1,141,208 to 531 DSU students.

 The day included presentations by faculty from the DSU College of Arts and Science.  Nate Edwards and Giles Timms talked to the group about the Digital Arts and Design (DAD) major at DSU, highlighted by work done by DAD students. Dr. Barbara Szczerbinska, DSU physics faculty, presented on the DUSEL underground lab in Lead and her involvement with DSU students and other scientists in its development.

 Marl Dolton of Smith Hayes Advisors, Inc. presented a report of the Foundation's investment portfolio. Dolton's presentation included market commentary, portfolio review, and a watch list report.

The business meeting included reports from Alice Poppen, Chair of the DSU Foundation Board of Trustees and Executive Committee, Development Committee Chair Larry Canfield, Investment Committee Vice-Chair Floyd Rummel, Athletic Committee Chair Lee Stoddard, and Nominating Committee Chair, Darrel Simon.

Last Updated: 1/10/12