USD Foundation announces 2002 Inman Award recipients The University of South Dakota Foundation announced the 2002 recipients of the Darwin and Adele Inman Award for distinguished service at an awards luncheon in Vermillion on Friday, Oct. 11.
Honored were longtime USD Foundation supporters, Jim and Ruth (Keeler) Weaver. The Inman Award is the Foundation's highest award and is named in honor of Adele and Darwin Inman who were instrumental as volunteers in the early years of the University.
A native of Miller, Jim Weaver received his B.A. degree from USD in 1952. Following his graduation he served with the United States Army in Korea during the Korean War. After his military service, he returned to the USD School of Law, receiving his LL.B. degree in 1956. He established a career with General Mills, Inc., at its headquarters in Minneapolis, where he served in several capacities, retiring as vice president and treasurer in 1986.
Ruth Keeler grew up in Barnard and received a certificate in elementary education at USD in 1953. On April 18 of that year she married Jim Weaver, and the following academic year, while he was serving his country in Korea, she taught in Huron. When the Weavers relocated to Minneapolis, she remained involved in education through extensive volunteer assignments. The Weavers have three daughters and one son.
The Weavers have been significantly involved at their alma mater in Vermillion since the mid-1980s and have been trustees of the USD Foundation
since then. Jim Weaver has been active on several Foundation committees, including finance, investment and audit, and he is currently a member of the executive board.
They are both members of the National Steering Committee for Campaign South Dakota.
Mrs. Weaver's interest in historic preservation led directly to the Weavers' leadership as co-chairs with their friend, Dean Belbas, of the $5.5 million Save Old Main campaign in the mid-1990s. The Weavers committed early to a leadership gift to renovate the 1905 Old Armory into a new Student Services Center, one of the strategic priorities of Campaign South Dakota.
Their leadership has helped the Foundation to successfully secure $2.2 million in funding to move this project forward.
The USD Foundation is a private, nonprofit organization founded in 1922 with the sole purpose of providing private support for USD. For the fiscal year ending June 30, 2002, the Foundation fundraising totaled over $8.5 million as a result of generous gifts and bequests from alumni and friends of USD. Total assets of the Foundation for the year ending June 30, 2002 totaled $82.5 million.
After several years of strong growth, the Foundation's investment portfolio return for the year ending Dec. 31, 2001 was -0.8 percent, which was one of the top endowment performances in the nation for that period. The three-year portfolio total ending June 30 was 3 percent.