WHAT METHODOLOGY WAS USED TO COMPLETE THIS STUDY? IMPLAN data and software were used to conduct this economic-contribution analysis. The IMPLAN database is built using county, state, ZIP code, and federal economic statistics that are specialized by region, not estimated from national averages, to measure the contribution or impact of an organization’s economic activity. WHAT WERE THE MULTIPLIERS FOR THIS STUDY? The multipliers used in this study range from 1.8 to 2.1. The multipliers are derived through the input-output models created using the IMPLAN software based upon industries selected during the modeling process. WHAT DATA DOES THIS STUDY USE TO CALCULTE THE ECONOMIC IMPACT? Primary data used in this analysis is for FY 19 and was obtained from the South Dakota Board of Regents and the university. Data addresses the following subjects: • Operating expenditures. • Capital expenditures. • Pay and benefits by employee type. • Number and types of students (all in-state and out-of-state students included). • Athletics. • Volunteerism. • Charitable giving. • Alumni data. Secondary data was used to estimate the following: • Student spending habits based on the universities’ budgets for spending (full- and part-time undergraduate and graduate students, excluding tuition and fees). • Visitor numbers and visitor spending habits (day and overnight visitors). WHAT ARE THE COMMUNITY-BENEFIT IMPACTS BASED UPON? Charitable-giving impacts are based upon assumptions found in the U.S. Census donor data. These models do not assume a 100% participation rate for staff, faculty, and students and are not based on averages. Some colleges and universities had primary data available on volunteerism, and in those cases actual hours were used in the calculation. For the purposes of this study, it is assumed that 24.9% of staff and faculty donate an average of $2,064 annually and 14.9% of students donate an average of $250 each year. Volunteer impacts are based upon assumptions found in the U.S. Census, and the value of a volunteer hour was obtained from the Points of Light Foundation and is estimated at $23.56 per hour. 21
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