I didn't mean to hit a nerve with you on the Foundation.
All I know is that each year I send money to the Foundation for the NCC contribution, then I have to send a separate check to the Foundation for the Gridiron Club, just as I was instructed to do.
As for the Foundation being part of the University, you are technically correct it is a separate Foundation organization, established under the IRS laws and rules that serves only one entity, Iowa State University. Since its only function is helping Iowa State University it would be hard to argue it is not part of Iowa State. Using the Foundation, or any fund in the Foundation, as a conduit for passing NIL payments to players will never happen unless the NCAA, or another successor organization, specifically allows
the practice.