2024-10-30T04:58:56-05:00 2024-06-30 861065772 Deloitte Tax LLP 50 South Sixth Street Suite 2800 Minneapolis MN 55402 990 2023-07-01 421448239 Miller Endowment Incorporated MILL 5152945124 1350 Beardshear Iowa State Univers Ames IA 500112038 Sean Reeder Treasurer 5152945124 2024-10-29 1 0 Anna Kolakaluri P01275237 6123974000 2023 2024-10-15 13:58:12Z Sean Reeder 1750 Beardshear Iowa State Univeristy Ames IA 500112038 7867125 0 X N/A X 1971 IA To further educational purposes at the University of Iowa and Iowa State University. 4 0 0 6 0 0 0 0 0 0 1103690 1492478 0 0 1103690 1492478 1655610 1716484 0 0 0 0 0 0 0 483651 481533 2139261 2198017 -1035571 -705539 21248559 20543020 0 0 21248559 20543020 To further educational purposes at the University of Iowa and Iowa State University. 0 0 1716484 1716484 Per the last will and testament of F. Wendell Miller, funds are to be expended for scholarships, music and lectures, or other special expenses contributing to the knowledge, educational attainments and standards of the universities and its faculty. 1716484 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 1 1 1 1 1 1 0 1 0 0 0 0 0 0 IA X Sean Reeder 5152942220 1750 Beardshear Iowa State Ames IA 50011 Wendy Wintersteen President 2.00 38.00 X X 0 1395085 105122 Susan Klatt Secretary 2.00 38.00 X X 0 269959 38753 Barbara Wilson Vice President 2.00 38.00 X X 0 687071 567638 Heather Paris Treasurer (Start 12/23) 2.00 38.00 X X 0 258250 48394 Shawn Norman Treasurer (End 12/23) 2.00 38.00 X X 0 388167 183402 0 2998532 943309 0 0 1 0 Iowa State University 1350 Beardshear Ames IA 50011 Endowment Admin 208840 University of Iowa 101 Jessup Hall Iowa City IA 52242 Endowment Admin 208839 2 252765 252765 7614360 6374647 1239713 1239713 1239713 1492478 0 0 1492478 1716484 1716484 461970 461970 19563 19563 2198017 1716484 481533 0 40437 77080 16146814 15332760 5061308 5133180 21248559 20543020 0 0 X 21248559 20543020 21248559 20543020 21248559 20543020 -705539 0 X 0 1 X 1 0 X X 2 Iowa State University 426004224 2 1 858242 0 University of Iowa 426004813 2 1 858242 0 2 1716484 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part IV, Section A, Line 2: The supported organizations of Miller Endowment, Incorporated are the University of Iowa and Iowa State University. These organizations are State Universities and, as such, are not required to obtain recognition of charitable status under IRC Section 501(c)(3) from the IRS. 21248559 1492478 1716484 481533 20543020 22284130 1103690 1655610 483651 21248559 22896662 1447422 1554383 505571 22284130 23478795 1371331 1521700 431764 22896662 24596637 772086 1514546 375382 23478795 1.00000 0 0 0 Private Equity Funds 5133180 C 5133180 Part V, Line 4: The endowment funds are used to provide grants, scholarships, fellowships to qualified recipients to pursue undergraduate and graduate studies. 1 Iowa State University 1350 Beardshear Ames IA 50011 426004224 115 858242 0 Undergraduate & Graduate Studies University of Iowa 101 Jessup Hall Iowa City IA 52242 426004813 115 858242 0 Undergraduate & Graduate Studies 2 0 Part I, line 2: Scholarships, fellowships and grants are given in accordance with the terms of the will and codicil of F. Wendell Miller to the individuals pursuing or wishing to pursue undergraduate or graduate studies at the university of Iowa or Iowa State University and to faculty members of such universities. The last will and testament provides that scholarships will be given to persons who are "worthy, competent and serious and deserving of financial assistance." Recipients will be selected by the existing financial aid offices of the two universities and by selection committees, which may be appointed or designated by the board of directors of the organization. It is the responsibility of the selection committee and established university financial aid offices to verify the recipients are qualified to receive payments under the terms and provisions of the last will and testament. 1 1 0 0 0 0 0 0 0 Wendy Wintersteen President 0 646878 0 0 0 748207 0 84000 0 21122 0 1500207 0 550000 Barbara Wilson Vice President 0 662511 0 0 0 24560 0 559316 0 8322 0 1254709 0 0 Shawn Norman Treasurer (End 12/23) 0 355973 0 0 0 32194 0 156840 0 26562 0 571569 0 0 Susan Klatt Secretary 0 264378 0 0 0 5581 0 37193 0 1560 0 308712 0 0 Heather Paris Treasurer (Start 12/23) 0 211514 0 25618 0 21118 0 23483 0 24911 0 306644 0 0 Part I, Lines 4a-b Barbara Wilson- Vice President & Wendy Wintersteen- President are eligible to participate in non-qualified deferred compensation plans. This plan complies with Section 457(f) of the Internal Revenue Code. The following individuals received a payout from the Plan during the year: Wendy Wintersteen: $ 731,469 Part I, Line 4b: For Shawn Norman, a severance agreement was executed during 2023 and severance payment was paid in January 2024. Form 990, Part VI, Section A, line 6 Other persons who may elect members of governing body: The last will and testament ("will") and codicil to the will of F. Wendell Miller appointed the presidents of the university of Iowa and Iowa State University as trustees of the Miller Endowment trust. Acting in accordance with the provision of the will and codicil, the presidents of the University of Iowa and Iowa State University elected to create and organize Miller Endowment, incorporated to receive, own, and administer the property of the F. Wendell Miller estate. Form 990, Part VI, Section A, line 7a Two of the directors shall always be the current presidents of the University of Iowa and Iowa State University. The other directors shall be appointees of the two presidents. Half of the other directors shall be appointed by the president of the University of Iowa and the other half shall be appointed by the president of Iowa State University. Form 990, Part VI, Section A, line 7b The board of Directors shall manage the business and affairs of Miller Endowment, incorporated at all times in such a manner as to comply with and carry out the objects, uses and purposes of the Miller Endowment trust. Form 990, Part VI, Section A, Line 9: Susan Klatt - 4 Jessup Hall University of Iowa, Iowa City, IA 52242 Barbara Wilson - 4 Jessup Hall University of Iowa, Iowa City, IA 52242 Form 990, Part VI, Section B, line 11b Form 990 review process: The form 990 return is prepared by Deloitte Tax LLP. Upon completion of the draft copy, the return is reviewed by the secretary/treasurer and a copy is shared with the other officers as well as others in the business and administrative offices at both Iowa State University and University of Iowa. The review includes an overview of the form and discussions relating to key sections. The secretary/treasurer has been delegated the authority to oversee the completion and the filing of the form 990. Form 990, Part VI, Section C, line 19 Financial statements: The financial statements are available to the public upon request. Iowa State University 1350 Beardshear Ames IA 50011 426004224 Education IA 115 2 BRD REGNT IA 0 University of Iowa 101 Jessup Hall Iowa City IA 52242 426004813 Education IA 115 2 BRD REGNT IA 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Iowa State University B 858242 Cost University of Iowa B 858242 Cost Iowa State University M 208840 Cost University of Iowa M 208841 Cost