Read the Annual Report

ANNUAL REPORTThe American College of Financial Services

2015

1 | The American College of Financial Services

• We served 26,707 students—an increase of 8.8% over 2014.

• RICP®, our flagship retirement income program, saw student enrollment grow to 8,533.

• Our first PhD students are moving into the dissertation phase of their work.

• Total scholarships awarded through the Penn Mutual Center for Veterans Affairs exceeded $1 million.

• We received nearly $9 million in charitable gifts and pledges, including a pledge for the largest gift in

the history of The American College of Financial Services.

To say I am proud to lead this institution is an understatement, but the real joy for me during my first full

year in this role has come from the relationships those of us at The College enjoy with so many exceptional

individuals. The American College of Financial Services is about heritage and about people like you who

care deeply about this profession. I had the privilege of meeting with students, alumni, and friends at events

across the country, such as the President’s Tour, the Knowledge Summit and Alumni LIVE. Their pride in our

institution was palpable, and they were eager to share that enthusiasm with me. They also shared the kinds

of successes that matter most—stories about how they are putting knowledge gained through The College’s

offerings to work in their communities. One by one, they are elevating the financial services profession, most

often by building sustainable advantages for their clients.

This year reminded me that The American College of Financial Services is much more than the programs we

offer. There is a sense of ongoing, important work—work that matters now and matters across generations.

The torch is passed to us for a while, and we are responsible for nurturing the flame until we are ready to pass

a stronger torch to the next generation of leaders. This is our time, and I want to thank you for partnering with

us at this important moment as we strengthen that flame together.

There are so many highlights from 2015 that make this flame even brighter. The record-breaking RICP®

designation, for example, is part of a bigger retirement planning success story that we are featuring in this

Annual Report. I also encourage you to read about a transformative gift from philanthropist Cary M. Maguire

and the appointment of Michael Finke, PhD, CFP®, a nationally renowned educator and researcher, to the role

of Dean and Chief Academic Officer.

Another significant accomplishment in 2015 was our increased commitment to working constructively with

other organizations in the profession. We held a national web event on retirement planning with the Society of

Financial Service Professionals, have instituted content partnerships with AALU and GAMA International, and

are partnering with FPA, WIFS, and other groups. We are truly better together in making a positive impact on

the profession!

Dear Friend,

By just about any measure, 2015 was an

extremely successful year for The American

College of Financial Services thanks in large

part to the consistent commitment of you

and our many other supporters.

Annual Report 2015 | 2

We plan to expand upon 2015 successes, with alumni networking opportunities across the

country. Collaborative initiatives and events with partner organizations will increase. As a

follow-up to last year’s Knowledge Summit, which brought together a record 3,500 alumni

in Honolulu, be sure to look for details in coming months on our 2017 Knowledge Summit,

which will take place in the Bahamas.

Media interest in The American College of Financial Services was outstanding in 2015. Many

of our faculty, who are sought-after experts in various disciplines, averaged multiple media

contacts per week. This resulted in high-profile coverage in a variety of outlets, from Barron’s

and Fortune to The New York Times. Our professors are also regular contributors to widely read

publications such as Forbes, Investment News and The Wall Street Journal. Research conducted

by our faculty also appears in high-profile academic and practitioner journals such as the

Journal of Financial Planning, Journal of Portfolio Management and The Journal of Financial Services

Professionals. All this raises the visibility of The American College of Financial Services and the

excellent work going on here. I am sure the visibility of The College will continue to grow,

along with our reputation, in 2016.

These are exciting times for The American College of Financial Services, and I am confident

2016 will be another great year. Together we will continue to expand The College’s footprint—

professionalizing financial services, and taking advantage of opportunities to bring our

respected knowledge, ethics, experience, and leadership into other financial services sectors.

At the end of the day, it is all about the people by our side, and those we serve. You simply

cannot find a finer group of people than our staff, students, and supporters like you. It is a

privilege to serve as President and CEO.

Warm regards,

Robert R. Johnson, PhD, CFA®, CAIA®

President and CEO

The American College of Financial Services


2015 was an amazing year at The American College of

Financial Services, which elevated its status as the national

leader in retirement-focused research and education.

The College’s star-studded team of retirement experts

celebrated many notable achievements, including one that

starts with an impressive number: 3,894. That is how many

individuals enrolled in 2015 to become a Retirement Income

Certified Professional® (RICP®). That is an average

of 10 new students every day.

These numbers reflect a growing appreciation among

financial services professionals that The College is the

source for the latest thinking and techniques to serve their

clients’ changing financial needs. The RICP® success also

exemplifies the remarkable work being done at The College—

strengthening its reputation as the go-to retirement income

resource, and leading national conversations about this

important subject.

With an estimated 10,000 Americans reaching retirement

age every day for the next 16 years, advisor education is a

critical need in the retirement income planning profession.

The American College of Financial Services remains

committed to developing and delivering innovative programs

that meet the needs of the changing financial landscape

and enable advisors to access the latest research-supported

knowledge about the complexities of retirement.

“I am very proud of what we are accomplishing,” said

Robert R. Johnson, PhD, CFA®, CAIA®, President and CEO

of The American College of Financial Services. “We have

a wonderful team, including faculty, staff, and external

friends who are passionate supporters. Their generosity and

commitment have enabled us to build a strong pracademic

(combined academic and practitioner) foundation, upon

which we are now building expertise in specialized disciplines

like retirement income planning.”

Johnson recalls being extremely impressed when he was

hired as president in late 2014. He found a synergistic

confluence of top-flight talent at The College. At the

same time, the importance of retirement income planning

continued to grow as a hot topic across the country. As the

retirement landscape has changed with the shift to defined

contribution plans, the reduction in employer-provided

benefits and the challenging low-interest investment

environment, everyone from financial advisors and their

clients to economists and the media realize the need for

better strategies, tools, and training.

“There was, and still is, a crying need in the economy

for better retirement income planning,” Johnson added.

“There is a retirement crisis in this country. The baby

boomer demographics, combined with advances in medical

science, mean we have more people living longer than ever.

They need specialized help with decisions that can really

impact the quality of life in retirement.”

The collaborative environment at The American College of

Financial Services has helped fuel successes in the specialized

retirement field. According to Professor of Taxation David

Littell, JD, ChFC®, there were 56 practitioners, academics

and experts across the profession who helped to build

the RICP® program. Faculty continues to update the

curriculum to reflect the latest thinking and meet current

needs among financial service professionals. Feedback

Leading The Way Through The National Retirement Crisis

”

“Overall, it was an inspiring program. I was extremely impressed. The American College of Financial Services has taken a lead in the field. They do a great job of educating the public, not just the students.

Robert Klein, RICP®, CPA®, PFS®, CFP®, CLTC®, MBA, MST®


from RICP® students has been

extremely positive, with many

reporting that learned strategies

and tools were immediately useful

in their practice. Littell, who is

Co-Director of the New York Life

Center for Retirement Income,

said 2015 highlights include many

joint retirement-focused research

projects among The College’s

centers of excellence.

“We did a joint research project

with the Cary M. Maguire Center

for Ethics in Financial Services on

ethical issues facing advisors when

working with older clients,” he

explained. “We also started a project with the State Farm

Center for Women and Financial Services and LIMRA that

will focus on widows and their decision to either stay with or

leave the financial advisor with whom they had been working

with while they were married.”

Reportedly, 70 percent of women switch financial advisors

within a few years of their husband’s death. This study will

explore the dynamics of widow-advisor relationships in order

to gain a clear understanding of the motivations behind this

decision. “Women have longer life expectancies, and will

be the beneficiaries of a large wealth transfer from their

husbands and parents,” said Assistant Professor of Women’s

Studies Jocelyn D. Wright, MBA, CFP®. “Yet women are

further behind with retirement readiness than men. So their

need to be prepared is even greater.”

Another important research initiative is being led by

Associate Professor of Taxation Jamie Hopkins, JD, MBA,

CLU®, ChFC®, RICP®, co-director of the New York Life

Center for Retirement Income and the Larry R. Pike Chair

in Insurance and Investments at The College. He is working

to identify effective uses of home equity for retirement

income planning. “While there are a variety of ways to utilize

home equity as part of a retirement income plan, reverse

mortgages deserve special attention and consideration,”

Hopkins said. “Unfortunately, many people hold strong

reservations about reverse mortgages. It is a financial tool

that is often misunderstood both by consumers and by

financial service professionals. Greenwald and Associates

is helping us gather consumer data on reverse mortgages,”

Hopkins continued.

“The Longevity Funding Taskforce

chaired by Shelley Giordano has

also been involved with helping us

in the reverse mortgage research

world.”

“The American College of Financial

Services is well-positioned to be

a leading authority on reverse

mortgages,” remarked Wade Pfau,

PhD, CFA®, an award-winning

researcher and Professor of

Retirement Income. “I think it’s

the next hot topic.”

Pfau, a top-tier retirement

income expert, is one of many

faculty who helped to bring the

national spotlight to The College in 2015 through numerous

publications in academic journals and popular media such as

the Wall Street Journal and Forbes. He has gained wide praise

for his voluminous research, including his work examining

“the 4 percent rule” for annual retirement withdrawals,

which he criticized for a number of reasons, including the

difficulty of sustaining a 4 percent withdrawal rate in light of

today’s low-interest-rate environment.

Pfau, who works closely with The College’s PhD students,

said retirement income planning requires different skills

and tools than those used in the accumulation phase. The

aim of the PhD and RICP® programs is to equip students

to meet the needs of an increasing number of clients who

are preparing for their retirement years. These students

embody The College’s longstanding commitment to the

advancement of professionalism and innovation in financial

services and, by extension, the increased financial security of

all Americans. Pfau said he is excited to see the first cohort

of PhD students, who recently finished their comprehensive

exams, begin their dissertation research. The first graduates

are expected early next year.

“The American College of Financial Services is really

becoming a dominant force in retirement income planning

education,” Pfau added.

Panel Discussion on Retirement Income Planning (L-R) Jamie

Hopkins, JD, MBA, CLU®, ChFC®, RICP®- Larry R. Pike Chair,

Co-Director of New York Life Center for Retirement Income;

Robert Klein, CPA, PFS®, CFP®, RICP®, CLTC®, MBA, MST®

- President, Retirement Income Center; Wade Pfau, PhD,

CFA® Professor of Retirement Income; and David Littell,

JD, ChFC®, CFP® and Joseph Boettner Research Chair, Co-

Director of New York Life Center for Retirement Income

TransformativeGift Philanthropist Cary M. Maguire, widely

known for his support of ethical research and

educational programs, has contributed a recent

and transformative gift of $5 million to The

American College of Financial Services. This gift

will serve as a stimulus to upgrade the academic

facilities of The College.

To date, Maguire has donated a total of $7.8

million to The College, having previously

contributed for the establishment of fellowships

in applied ethics and for the endowment of the

Center for Ethics in Financial Services, which bears

his name. This magnificent gift provides a major

source of funding for The College’s envisioned

growth of its renowned programs and services.

“It is gratifying when one of our leading

supporters is moved by the quality work our

faculty and professional staff provides,” said

Dr. Robert R. Johnson, President and CEO of The American College of Financial Services. “Cary’s dedication to the study of

ethics in business and financial services is evident through his philanthropy, and we are thrilled that our vision for the future

resonates with him.”

With Maguire’s contribution, The American College of Financial Services has already begun to explore its options for

expanded space. Students will benefit from a state-of-the-art facility that will attract and retain the best and brightest

faculty and professional staff, provide the latest in educational technology for both distance and on-site learning, reach a

new generation of financial advisors and extend its extraordinary intellectual bandwidth through a tangible presence in the

global community.

Cary M. Maguire is Chairman and President of Maguire Oil Company, Maguire Energy Company, Chair of Components

Corporation of America and Staco, Inc. Maguire held leadership positions on the National Petroleum Council and the

Executive Committee of the Mid-Continental Oil and Gas Association.

The College Receives a

For nearly two decades, James A. Mitchell, CLU®, ChFC®, a member of the Board of Trustees,

along with his wife Linda, have provided remarkable support to The American College of

Financial Services and, in particular, to ethics education. Ten years ago, they generously provided

funds to create the James A. and Linda R. Mitchell Forum on Ethical Leadership in Financial

Services. Their generosity continued in 2014 when Jim and Linda informed The College of their

intended gift of $4 million through their estate in the support of the Cary M. Maguire Center for

Ethics in Financial Services. Jim, a longtime friend of Mr. Maguire, honored Mr. Maguire’s gift

by notifying The College that we will receive $1 million of their bequest during their lifetime to

support the institution’s plans to expand its facilities.

Cary M. Maguire


Thanks to the generosity of Peter

Mullin, CLU®, and M Financial,

the M Center for Longevity

Planning now has core funding to

begin its vital work. M Member

Partners contributed $4 million

of insurance gifts and Peter

Mullin CLU®, Carl Mammel,

CLU®, Mark Solomon, CLU® and

M Financial each gave individual

$1 million gifts. As The American

College of Financial Services’ seventh Center of Excellence,

the M Center serves as the bridge between breakthroughs

in predictive medicine and financial services. Led by interim

director Jacob Boston, the Center will provide research

and analysis and be the catalyst for financial product and

services innovation. It will help financial services firms better

understand the ethics of working with increased health and

genetic information, and integrate biomedical advances

and financial planning that focuses on health expectancies

and longer lifespans. Financial services companies and their

advisors, and by extension all of the customers they serve,

will benefit from the M Center’s work as a strong advocate

for living longer, more secure lives.

M CENTER – Advocate for Living Longer, More Secure Lives

Peter Mullin, CLU®

Charles “Tip” Cronin, III, CLU®, CAP®, Peter Mullin, CLU® , Bob Johnson,

PhD, CFA®, CAIA®, Fred Jonske, FSA


Sponsored by Pacific Life, our 2015 Alumni LIVE

Tour included events in Los Angeles on March 10

and Chicago on September 28. In addition to the

LIVE events, The Alumni Association partnered

with GAMA International to present “Partnering

to Perform: Maximizing Advisor Relationships

with the Next Generation of Retirees” on

November 30 in New York City. These events

featured top thought leaders in the industry as

well as The College faculty to bring attendees the

latest developments in the industry that affect

their practice. Faculty discussed a broad range of

topics including retirement income planning, the

Department of Labor Conflict of Interest Rule,

and ethical decision making in a climate of fraud.

Alumni Association President Mike Scovel, MSM, CLU®, ChFC® welcomes the crowd at the LA LIVE Event.

Joey Davenport, CLU®, CLF®, President of Hoopis Performance Network speaks at Chicago LIVE about successful methods of top advisors.

Jennifer DeTroye, former Executive Director for the Northwestern Mutual Granum Center for Financial Security discusses market opportunities with millennials at LA LIVE.

ssociation Alumni

The American College of Financial Services is pleased to

honor Sy Sternberg and Steve Tarr in recognition of their

individual steadfast dedication to and advocacy

for the profession and The American College of

Financial Services.

Seymour “Sy” Sternberg, CLU® and Stephen D. Tarr, MSM,

CLU®, ChFC®, CAP®, CASL® are the newest members of

The American College of Financial Services’ Alumni Hall of

Fame. In 2015, these deserving individuals were recognized

at separate Alumni Hall of Fame induction ceremonies in

New York and Hawaii. The Alumni Hall of Fame recognizes

graduates of The College’s designation or degree programs

who have made extraordinary contributions in time, treasure,

effort and energy to this remarkable institution of higher

learning.

Seymour Sternberg, CLU® was inducted in recognition of

his exemplary professionalism and commitment to the

industry on November 30, at New York Life Insurance

Company Headquarters in New York City. Sternberg was

chairman and former CEO of New York Life Insurance

Company. Under his leadership, New York Life became one

of the largest mutual life insurance companies in the U.S.

and the world. In 2014, Sternberg and Fred Sievert, MSM,

generously established the Sy Sternberg and Fred Sievert

Doctoral Fellowship at The College, which conducts state-of-

the-art research on financial issues related to retirement.

Stephen D. Tarr,

MSM, CLU®, ChFC®,

CAP®, CASL®, was

inducted during The

American College

of Financial Services

Knowledge Summit, a

three-day conference

and conferment for

its graduates that

took place from

October 21-24, in

Honolulu, Hawaii.

Tarr was recognized

for his exceptional

commitment to

professionalism and dedication to The American College

of Financial Services. He joined The College in 1979 as vice

president of development and society relations, and later

served as senior vice president and also editor-in-chief of The

Wealth Channel Magazine, The College’s alumni publication.

Tarr retired in early 2015 and lives with his wife, Alice, in

Zionsville, Indiana.

2015 Alumni Hall of Fame Inductees: Seymour Sternberg and Stephen Tarr

Stephen D. Tarr, MSM, CLU®, ChFC®, CAP®, CASL®

Bob Johnson, PhD, CFA®, CAIA®, President And CEO, Louis DiCerbo, CLU®, ChFC®, LUTCF®, Ted Mathas, Chairman and CEO New York Life Insurance Co., Sy Sternberg, CLU®, Albert “Bud” Schiff, CLU®, CAP®.


Eileen C. McDonnell, Chairman and Chief Executive

Officer of Penn Mutual Life Insurance Company,

named the 2015 recipient of the Huebner Gold Medal

at the annual President’s Dinner on November 20.

“Eileen has been an advocate for continuing education and

an outstanding industry leader for many years,” said Dr.

Robert R. Johnson, President and CEO of The American

College of Financial Services. “She was instrumental in

creating educational content and programming as the first

holder of the State Farm Chair in Women and Financial

Services at The College. She was also a faculty member of

our Master of Science in Management graduate program,

and was instrumental in establishing the Maurice L. Stewart

Lectureship here. In 2012, Eileen championed the creation

of the Penn Mutual Center for Veterans Affairs that provides

scholarships to active duty military, veterans or their spouses

who pursue designations or degrees at The College. This

honor demonstrates the high regard in which Eileen is held.”

Named for the institution’s founder, Dr. Solomon S. Huebner,

the Huebner Gold Medal is the highest honor awarded by

The American College of Financial Services. Created in 1975

by the Board of Trustees, it recognizes those individuals

whose support of The College and its programs, and whose

dedication to education and professionalism, have been

of particular meaning to the mission and progress of

the institution.

Eileen C. McDonnell

The 2015 Huebner Gold Medal Recipient

Peter Browne, LUTCF®, Alan Press, CLU®, LUTCF®, Eileen C. McDonnell, Reginald Rabjohns, CLU®, ChFC®, Louis DiCerbo, CLU®, ChFC®, LUTCF®, Bob Johnson, PhD, CFA®, CAIA®.


Sallie B. and William B. Wallace, CLU®, ChFC®,

CAP® received the 2015 President’s Award from

The American College of Financial Services on

June 25.

Given by The Colleges Foundation Board of

Directors, the President’s Award highlights the

importance of leadership and stewardship in

advancement. Bill and Sallie’s long years of service,

their selfless dedication to The College, and their

extraordinary generosity to the institution make

them most worthy of this prestigious honor.

In 1999, Mr. and Mrs. Wallace established the Sallie

B. and William B. Wallace Chair in Philanthropy at

The American College of Financial Services. The

Wallace Chair advances learning in philanthropy

through The College’s educational programs.

Through the Wallace Chair, The American College

of Financial Services established the Chartered Advisor in Philanthropy® (CAP®) designation. The program is offered

at the graduate level, and as part of The College’s Masters of Science in Financial Services program. The CAP®

program is widely respected in the financial services profession and in the charitable community.

Over the years, Bill has provided exemplary leadership to the institution. He was Chairman of the Board of Trustees

and served as a long-time member. Currently, he is Director Emeritus on The College Foundation Board. In 1990, Bill

received the Huebner Gold Medal. During the Wallaces’ many years of involvement, Sallie and Bill have given much

of their personal time and resources to support The American College of Financial Services’ mission and are truly

worthy recipients of the 2015 President’s Award.

Sallie B. and William B. Wallace, CLU®, ChFC®, CAP®

Receive 2015 President’s Award


On November 20, President’s Circle Co-Chairs Harris S.

Fishman, CLU®, ChFC® (President, First Financial Group) and

Thomas H. Harris, CLU®, ChFC® (Executive Vice President-

Distribution, Penn Mutual Life Insurance) welcomed nearly

200 guests to the National Constitution Center for The

American College of Financial Services’ annual black-tie

President’s Dinner. The highlight of the evening was the

presentation of the Solomon Huebner Gold Medal to Eileen

C. McDonnell, Chairman and CEO of The Penn Mutual Life

Insurance Company. This year marked the 40th Anniversary

of the Huebner Gold Medal and 11 past Huebner winners

were on hand to celebrate this milestone. The Huebner

Gold Medal is awarded to an individual whose dedication to

the profession has advanced the mission of The American

College of Financial Services. We are especially grateful to

Dinner Sponsors, Ed and Linda Need and to Entertainment

Sponsor, Ameritas for their generous support of the event.

Look for information on our 2016 President’s Dinner in the

near future. It will be November 18, 2016 in New York City.

Top Row (L-R) Lise Twiford, Ed Hemschoot, Board Member Mark Rooney.

Bottom Row (L-R) Tammy Butts, Stephanie Walsh, Robert Caesar, Elizabeth

Garro, Joe Keleher.

Top Row (L-R) Bruce Sham,Hilde Sham, Fran Levy,Frank Lazarus, Debra

Migden, Joseph Murray. Bottom Row (L-R) Board Member Leon Levy,

Harris Fishman, Ellen Fishman, Susan Murray.

President’s Circle Co-Chair and Board Member Harris Fishman.

Celebrates 40th Anniversary of The Huebner Gold Medal

2015 President’s Dinner

Eileen McDonnell and Family.


President’s Circle Co-Chair and Board Member Tom Harris.

(L-R) Board Member, Susan Cooper and Beth Cooper-Sinko in Signer’s Hall. 2015 Huebner Gold Medal honoree Eileen McDonnell welcomed by past

recipients. (L-R) Sam Weese, Bill Wallace, Gloria LaGrassa, BB Brown,

Jarrett Davis, Eileen McDonnell, Peter Browne, Bob Johnson, Alan Press,

Bud Schiff, Reg Rabjohns, Lou DiCerbo.

Sallie B. Wallace, Board Member Richard Liddy, Jo Liddy, Former Board

Member Gloria La Grassa.

Eileen McDonnell Acceptance Speech See highlights at TheAmericanCollege.edu/giving/presidents-circle


Professor CW Copeland and Terri Copeland inside Signers Hall.

Board Member Andrew Bucklee offered the invocation.

President and CEO Robert Johnson welcomes guests.

Five Academy of Vocal Arts members performed selections from opera and Broadway shows.

Top Row (L-R) Board Member Joe Jordan, Board Member Leo Tucker. Bottom Row (L-R) Board Member Debra Boblitt, Ed Boblitt, Arlene Stewart, Maury Stewart, Board Member Susan Cooper, Beth Cooper-Sinko.


(L-R) Board Member Lou DiCerbo, Vice President Allen Thomas, Board Member Bill Wallace and Sallie Wallace.

Guests enjoyed The National Constitution Center’s multi-media presentation “Freedom Rising” and then dined overlooking Independence Hall.

Top Row (L-R) Board Member Paul Vignone, Dee Vignone, Dave O’Malley, Ray Caucci, Tom Daley, Bill Stevens. Bottom Row (L-R) President’s Circle Co-Chair and Board Member Tom Harris, Barbara Harris, Linda Daley, Sue Deakins.


Top Row (L-R) Board Member Andrew Bucklee, Karen Bucklee, Vice President Bryan Johnson, Shawnee Johnson, Former Board member Joe Kelly Bottom Row (L-R) Professor Jamie Hopkins, Kathy Pustizzi Hopkins, Liam Duffy, Interim Academic Dean Sophia Duffy.

(L-R) Former Trustee BB Brown, Ellen Weese, Former President Sam Weese, and Former Trustee Jarrett Davis. All three men are Huebner Gold Medal Recipients.


Top Row (L-R) Foundation Board Chairman Gene LoVasco, Jeanne LoVasco, Alison Webb, Bernard Webb. Bottom Row (L-R) Dinner Sponsors Ed Need and Trustee Chair Linda Need, President and CEO Bob Johnson, Heidi Johnson, 2016 Trustee Chair Doc Huffman.

Top Row (L-R) Bruce Ohrenich, Ron Duswalt, Peter Ganley, Heath Davis.

Bottom Row (L-R) Trish Ohrenich, Board Member Jim Meehan, Maureen Meehan, Mike Bree, Marijoy Bree, Lisa Davis.


Knowledge Summit was our largest

ever with 3,486 attendees, including

1,900 graduates, participating in the

three-day conference and conferment

October 22-24 in Honolulu, Hawaii.

Knowledge Summit offers individuals

a unique experience to network with

top-performing professionals, attend

thought-provoking panel discussions,

receive continuing education credit and

hear from internationally recognized

speakers.

The 2017 Knowledge Summit will be

November 9-11, 2017 at the Atlantis

Paradise Island resort in the Bahamas.

Look for information in the coming

months on our website.

LARGEST EVER!

Retired U.S. Airforce Major General Vincent Boles, now the president of Vincent E. Boles, Inc., a

leadership and logistics consulting practice, is the author of “4,3,2,1 Leadership: What America’s

Sons and Daughters Taught Me on the Road from 2nd Lieutenant to 2 Star General.”

Hanging loose at Knowledge Summit.

MSM Graduates with Dr. Glenn Boseman (L-R) Nathan Miller, MSM, Vidal Velasquez III, MSM,

Dr. Glenn Boseman, Bryan Erckenbrack, MSM, CLU®, ChFC®, Sonya Robinson, MSM, CLU®, Leandra

Ferreira, MSM, Angela Rediger, MSM, CLU®, ChFC®, Elly Jones, MSM.

KnowledgeSummit HAWAII 2015


Graduate Student Speaker, Sonya Robinson, MSM, CLU®

(Vice President Agency-Sales, State Farm) addresses fellow graduates.

Olympic Medalist and author of How Great Women Lead, Bonnie St. John.

Relaxing with colleagues at the buffet lunch.

Reverend Perkin Simpson, MBA, MSFS, MSM, CAP® and PhD candidate

delivers the invocation during Commencement.

Susan Ershler described her experience climbing to the top of Mount Everest.

Ershler is author of “Together On Top of the World,” her story of how hard

work, perseverance and total commitment to excellence can pay off in

reaching goals.


10TH ANNUAL CAAFPThe 10th Annual Conference of African

American Financial Professionals took place in

Tampa, August 17-19. Thanks to Founding and

Presenting Sponsor, MetLife Premier Client Group,

600 attendees learned from several

speakers and interactive workshops that focused

on the conference’s theme “Celebrate Success.

Commit to Excellence.”

The keynote speaker was Albert Mensah, an

internationally recognized motivational speaker,

corporate consultant and author of WAKE Up To

Your Potential: Discovering the Hidden Opportunities

in Challenging Times. He presented a dynamic

address on how to embrace change in order to

succeed, to increase productivity and enhance team

commitment.

In addition, conference attendees heard from

Vernice “FlyGirl” Armour, the nation’s first

African-American woman combat pilot, and Leland

Melvin, NASA Astronaut and a co-chair on the

White House’s Federal Coordination in Science,

Technology, Engineering and Mathematics (STEM)

Education Task Force. Workshops covered a

multitude of topics including succession planning,

the millennial generation and the power of planning,

the power of a multidisciplinary practice, and

leadership paths.

In addition to the generosity of MetLife Premier

Client Group, we are also grateful to Platinum

Sponsors, Northwestern Mutual and New York Life;

Gold Sponsor, Prudential and Sponsor, MassMutual

Financial Group.

Be sure to look for details on the 2016

Conference scheduled for Tampa, Florida

from August 8-10, 2016.

Robert R. Johnson with the founders of CAAFP, Allen Bruce,CLU®, ChFC®,

William Parker, CLU®, ChFC®, AEP®, Joseph Davis, CLU®, ChFC®, CFP®, Lee

Bethel, CLU®, ChFC®, REBC®, RHU®, CAP®, ChHC®, David Lester, MSM, MSFS,

CLU®, ChFC®, LUTCF®, Ron Holman, CLU®, ChFC®, Tony Smith.

Jocelyn Wright, Ken Royster, CLU®, ChFC®, Shirley Ann Robertson,

CLTC®, Eugene Mitchell, Timothy Radden, CLU®, ChFC®, AEP®

Group photo of the CAAFP Participants.


The American College of Financial Services proudly

announces the appointment of Dr. Michael Finke, a nationally

renowned educator and researcher in the financial services

profession, as Dean and Chief Academic Officer. Dr. Finke, a

professor and Director of Retirement Planning and Living in

the Department of Personal Financial Planning at Texas Tech

University will assume his duties this summer. He brings

to The American College of Financial Services more than

a decade of experience in academic leadership, and a

national reputation as one of the foremost thought

leaders in his field.

“What Dr. Finke offers—a commitment to world-class

research and innovative ideas that solve practical problems in

the financial planning profession—will be transformative for

The American College of Financial Services,” said President

and CEO, Dr. Robert Johnson.

Among the most prolific authors in financial planning

journals, Dr. Finke has published more than 50 peer-reviewed

articles. He has also been widely quoted in many of the

nation’s leading consumer publications, including The Wall

Street Journal, The New York Times, Time, and Money Magazine.

His research questioning the “4 percent rule” in the Journal

of Financial Planning with The College’s professor, Dr. Wade

Pfau, won the 2014 Montgomery Warschauer Award for the

most influential article in the Journal of Financial Planning. Dr.

Finke was also selected to present his research on financial

literacy and aging at the 2015 MIT Center for Finance and

Policy conference.

In addition to conducting research and advising students,

Dr. Finke writes the monthly “Finke on Finance” column

for Research Magazine in which he uses research to help

professionals understand timely industry topics. He has also

worked on white paper research projects for companies

including Northwestern Mutual, OneAmerica, MetLife, the

Society of Actuaries, and TIAA-CREF.

“One of the most rewarding parts of my job as an

academician is my ability to work with the many professionals

in this industry who are dedicated to creating better

products and processes, and to help bridge the communities

of academics and financial advisors,“ Finke said.

Dr. Finke received a doctorate in consumer economics from

The Ohio State University in 1998 and in finance from the

University of Missouri in 2011. He also served as the director

of graduate studies at the University of Missouri. Since 2006,

Dr. Finke has directed the PhD program at the Texas Tech

University Department of Personal Financial Planning.

Dr. Michael Finke – New Dean and Chief Academic Officer


UPDATE ON THE CENTERS OF EXCELLENCE

The New York Life Center for Retirement Income

experienced another year of tremendous success with

the RICP® designation. More than 2,656 designations

have been awarded, and an additional 8,734 students

are currently enrolled in the program. The designation is

currently the number one designation program measured

by year-to-date course registrations at The College.

Jamie Patrick Hopkins, Esq., MBA, LLM, CLU®, RICP® Co-Director

Larry R. Pike Chair in Insurance and Investments

Associate Professor of Taxation

David A. Littell, JD, ChFC® Co-Director

Joseph E. Boettner Chair in Research

Professor of Taxation

The MassMutual Center for Special Needs launched its

website in March 2015 to increase public awareness.

The Center hosted a panel of experts to discuss the

impact of Alzheimer’s on retirement income planning,

and continued to support the development of the

ChSNC™ designation.

Adam S. Beck, JD Director

Assistant Professor of Health Insurance

The State Farm® Center for Women and Financial

Services launched an educational partnership with

Women in Insurance & Financial Services (WIFS).

The Center also established relationships with other

professional organizations, including CFA Institute,

CFP® Board, and FPA.

Jocelyn D. Wright, MBA, CFP®

Director

State Farm® Chair for Women and Financial Services

Assistant Professor of Women’s Studies


The 2015 Soldier Citizen Award recipient was General Ralph “Ed” Eberhart, USAF (Ret.). This prestigious honor is given during the annual Clambake event benefitting the Penn Mutual Center for Veterans Affairs.

Lois Frankel, author of See Jane Lead was the keynote speaker for the 2015 Women’s Leadership Academy Summit.

State Farm Center for Women and Financial Services partnered with Women in Financial Services (WIFS) and the Women’s Board of National Association of Insurance and Financial Advisors (NAIFA) for the 2015 Women’s Leadership Academy Summit.

The Northwestern Mutual Granum Center for

Financial Security participated in webcast discussions

with the New York Life Nautilus Group and GAMA.

The Center also held the second Executive Impact

Initiative (EI2) workshop, targeting millennials in the

financial services industry.

Craig Lemoine, PhD, CFP® Director

Jarrett L. Davis Distinguished Professorship in Financial Planning Technology

Associate Professor of Financial Planning

The Cary M. Maguire Center for Ethics in Financial Services

presented its research on Ethical Perceptions at the Society

of Business Ethics Annual Conference in August 2015.

The Center introduced a redesigned website, launched

an “Ethically Speaking” blog, and regularly contributed to

InsuranceNewsNet magazine, Medium.com, and other national

magazines. In addition, the Center expanded its fellowship

program from one to four scholars.

Julie Ragatz Director

Charles Lamont Post Chair of Ethics

Assistant Professor of Ethics

Leah Selekman Assistant Director

The Penn Mutual Center for Veterans Affairs celebrated

a significant milestone by surpassing the $1 million mark

in total scholarships awarded to active duty Military,

Veterans, and Military spouses. The Center awarded a

record 75 scholarships in 2015, and raised more than

$320K in scholarship funds at its second annual Clambake

fundraising event. The Center also launched an initiative

to provide Veteran scholars with career opportunities at

some of the nation’s leading financial institutions.

Ted Digges, CAPTAIN, SC, USN (Ret.) Executive Director

VP, Center Operations and Institutional Outreach

Andrew Aiello, CPA

Andrew Aiello, CPA, Senior Vice President

at Merrill Lynch, has over 20 years

of financial service experience with a

specialization in insurance strategies for

ultra-high net worth families, business owners and senior

executives. He works exclusively with the Private Banking

and Investment Group’s Private Wealth Advisors.

Daralee Barbera, CLF®, CFP®,

CMFC®, ChFC®

Daralee Barbera, CLF®, CFP®, CMFC®,

ChFC®, is Managing Principal at Waddell &

Reed, supervising over 40 financial advisors

in eight branch offices. She is the Immediate Past President

of the Board of Directors of GAMA International, the 2013

Woman of the Year by Women in Insurance & Financial

Services (WIFS) and serves on the advisory board of The

American College of Financial Services Northwestern Mutual

Granum Center for Financial Services.

Anthony J. Domino, Jr., MSFS, CLU®,

ChFC®, CAP®

Anthony J. Domino, Jr., MSFS, CLU®,

ChFC®, CAP®, is Managing Director of

Associated Benefit Consultants (ABC),

an employee-benefit consulting firm based in Rye Brook,

New York. He is a current member of Guardian’s Product

Development Committee and a senior sales consultant to its

Executive Committee. He is also Immediate Past President

of the Association of Advanced Life Underwriting (AALU),

and a past president of the Society of Financial Service

Professionals. He was also a memeber of The American

College of Financial Services Foundation Board of Directors.

John Howard, MBA

John Howard, MBA, is Chairman and CEO

of BB&T Insurance Holdings, Inc., the sixth

largest insurance broker in the world.

He serves on the senior leadership team

Welcome New Board Members

of BB&T Corporation, chairs the boards of directors of its

principal insurance businesses, and is a member of the board

of directors of Sterling Capital Management. Mr. Howard

has more than two decades of brokerage, underwriting and

executive management experience.

Knut Olson, CLU®

Knut Olson, CLU®, is Managing Partner of

Thrivent Financial for the Greater Nashville

area. From 2012 to 2015, he served as

Senior Vice President in charge of Mission

Advancement in the Greater Minneapolis—St. Paul Area,

where he was responsible for sales distribution channels,

advisor marketing and customer management. Mr. Olson

also currently serves on the Board of Regents for the InFaith

Community Foundation, and is a former board member of

Pacific Lutheran University and the Good Samaritan Hospital

Foundation.

Richard J. Schindler, CLU®, FLMI®

Richard J. Schindler, CLU®, FLMI®, is

Executive Vice President of the Life

Insurance Division at Pacific Life Insurance

Company, where he oversees all aspects

of the division. Prior to his appointment in 2014, he served

as CMO and senior vice president of that division in charge

of sales and marketing. Mr. Schindler has been with the

company for over 25 years.

Scott Stolz, CFP®

Scott Stolz, CFP®, is Senior Vice President

of PCG Investment Products for Raymond

James. He oversees the Insurance

and Annuity Division, the Alternative

Investment Group, Structured Products, Mutual Fund

Research & Marketing, Options, Financial and Retirement

Planning and Portfolio Solutions. He and his management

team are responsible for providing sales, marketing and

administrative support to over 6,000 Raymond James

advisors for each product line.

TRUSTEES


Mike Vietri, CLU®

Mike Vietri, CLU®, is Executive Vice

President of Distribution for The Producers

Group. His responsibilities include

increasing distribution with brokers, asset

managers, insurance agents and advisors. He is also President

of V Group Consulting, Inc., where he provides independent

consultant services to insurance and financial services

companies. Mr. Vietri was a member of The American

College of Financial Services Board of Trustees from 2004

to 2013.

M. Michael Rooney, CFP®, ChFC®, CLU®

M. Michael Rooney, CFP®, ChFC®, CLU®,

is Senior Executive Vice President of

AXA Advisors, leading one of the largest

distribution organizations for financial

services in the U.S. He also serves as Managing Partner

of The Business Strategies Group of Southern California.

Mr. Rooney serves on the Executive Leadership Cabinet of

GAMA and the GAMA Foundation Board of Trustees. He

was inducted into GAMA’s International Management Hall

of Fame in 2014. He was also a member of The American

College of Financial Services Foundation Board of Directors.

FOUNDATION BOARDTammy Butts, CLU®, ChFC®

Tammy Butts, CLU®, ChFC®, is Divisional

Executive Vice President and Branch

Manager for AXA Advisors in Chicago.

With more than 20 years of experience in

the profession, Ms. Butts built a practice providing guidance

to families and business owners and later developed a

successful, diverse team of financial professionals. Ms. Butts

is a member of AXA Advisors Women’s Leadership Council

and Women’s Field Advisory Group, and is a director of the

board of the National Association of Insurance and Financial

Advisors (NAIFA), in addition to her membership in other

industry associations.

Harris S. Fishman, CLU®, ChFC®

Harris S. Fishman, CLU®, ChFC®, is

President of First Financial Group and

a General Agent for MassMutual Life

Insurance Company. For over 26 years, he

has specialized in advising business owners, professionals and

high-net worth individuals in financial and estate planning.

Mr. Fishman is a member of The American College of

Financial Services Foundation Board of Directors and Alumni

Association Advisory Board.

Michael Scovel, MSM, CLU®, ChFC®

Michael Scovel, MSM, CLU®, ChFC®, is

Managing Partner of the Dallas General

Office of New York Life Insurance

Company. He began his New York Life

career at the age of 22 in the Central California General

Office and has steadily risen in rank. Mr. Scovel recently

completed his term as President of The American College

of Financial Services Alumni Association Advisory Board.

He also serves as Chair of Marketing and Communications

on the Board of Trustees of the GAMA Foundation for

Education and Research.

Margaret M. Towle, PhD, CAIA®,

CIMA®, CPWA®

Margaret M. Towle, PhD, CAIA®, CIMA®,

CPWA®, is Managing Director of Wealth

Management, Senior Portfolio Manager

and Global Institutional Consultant at Merrill Lynch, where

she offers investment advisory services to institutional

clients. Ms. Towle has over 30 years of experience as an asset

manager and financial advisor. She is also Editor-in-Chief

of the Journal of Investment Consulting, a publication of the

Investment Management Consultants Association (IMCA®)

and served on the Association’s board of directors.

Steven J. Valerius, FLMI®, CPA

Steven J. Valerius, FLMI®, CPA, is President

of the Individual Division of Ameritas. He

is an MDRT Foundation trustee, having

served as board liaison on the Grants

Committee, and also served on LIMRA’s

Strategic Marketing Issues Committee.


Individual Gifts 2015We are pleased to recognize the generous leadership of donors whose annual contributions distinguish them for membership in The Huebner Society, Chairman’s Council or President’s Circle.

Huebner Society - Annual Gifts of $25,000 and More

$1,000,000 and moreCary M. Maguire

$100,000 to $999,999Seymour SternbergWilliam B. Wallace

$50,000 to $99,999Allan M. Kaplan

$25,000 to $49,999Debra G. BoblittPeter C. BrowneLouis P. DiCerbo IIEileen C. McDonnellJames A. MitchellLinda S. Need Frederick J. SievertE. Hardy Vaughn, Jr.

Chairman’s Council - Annual Gifts of $10,000 to $24,999Daralee S. BarberaRobert W. BarthLaurence BartonChristopher O. BluntRonald L. Carson, Jr. George I. ConnollyMichael J. CoreyWilliam DamoraMichael C. DavidsonJ. Scott DavisonJules A. del Vecchio

Michael DoughtyCaroline A. FeeneyHarris S. FishmanAnthony M. GarciaPeter A. GolatoRandall H. HarbertThomas H. HarrisSalene Hitchcock-GearHarry P. HoopisGary T. HuffmanJerry L. HulickDonald C. Jayne, Jr.Joseph W. JordanArthur D. KrausLeon L. LevyRichard A. LiddyEugene F. LoVascoJames K. McAndrewsPatrick J. McNamaraJames J. MeehanKnut A. OlsonJohn J. RoccoM. Michael RooneyMichael E. RosenzweigAlbert J. SchiffTodd M. SchoonJoel A. ShapiroEric L. SpindtDoyle J. Williams

$5,000 to $9,999Kristin L. BarensWendy A. BensonLee V. BethelAndrew J. BuckleeFrancis D. Burke, Jr.Howard B. CowanRalph L. CrewsJoseph L. DiLeo

Dennis Lee EslickPaul A. FoxR. David Fritz, Jr.William O. GoodwinJason S. HackmannRichard L. HartmannFred H. Jonske Joe KelleyAnnemarie V. LongPhilip V. Moyles, Jr.Jay NovikRobert B. PlybonReginald N. RabjohnsRobert C. SavageRobert D. ShapiroThomas P. TooleyPaul E. VignoneMark A. WeberDavid G. Zick

President’s Circle - Annual Gifts of $1,500 to $4,999James E. AdkinsHarvey G. AllisonDavid M. AndersonStuart A. AppelGerald I. ApplefieldEric D. AslaksonBryan L. AustinDennis M. AxmanBrian BaileyKevin E. BaldwinTimothy R. BarnhartJohn M. BarryJeffrey S. BartonAdam D. BatchelorC. Al Beall, Jr.C. Duncan Beard

Adam BeckMitchell C. BeerJ. Philip BenderKevin A. BenjaminJames M. BensonJesse J. BerglandJoseph B. BeshearDwaan C. BlackPaul F. BlancoRobert BlandHoward J. BlattTony D. BlauveltGarrett J. BleakleyKalita Beck BlessingDebra L. BlevonsMichael BlivensKurt BockJeffrey E. BoesTimothy BohannonEdward BonachMichael A. BookAnthony F. BoquetGlenn BosemanJacob W. BostonC. Robert Brown, Sr.Brian S. BrownAllen R. BruceKevin K. BurckhardPaul R. BurnsMark BursonScott D. ButlerTammy L. ButtsMichael T. ByrneRobert E. CaldwellTimothy W. CarmeanScott Allen CarrGregory V. CastronovoRaymond G. CaucciKevin A. Chadwick


George J. ChardukianMary K. ChiangLuis G. ChiappyAntoinette M. ChristaldiScott ChristensenWilliam J. ChristieRandall S. ColeThomas R. CollinsR. Michael CondreySusan M. CooperC.W. CopelandJohn A. CostelloBrian M. CoxCharles T. Cronin IIIJohn W. Cruikshank IIIC. Tait CrusePhilip B. CubetaDonald E. CulverBrian R. CunninghamGary E. DanielsJonathan J. DaprileHeather Lynn DavisTimothy H. DavisJohn R. DeanJohn W. DeDominicPaul L. DeLisioTodd R. DentonJennie D. DerbyBrian J. DierksEdward D. DiggesJames S. DobbsR. Paul DoddDermot P. J. DolanAnthony J. Domino, Jr.Robert P. DucatoSophia DuffySteven M. DugalChester A. Duke, Jr.James H. DuncanSteven D. EarhartRalph E. EberhartJames R. Effner, Jr.Robert EichlerPhilip R. EngelmannKathleen A. ErbKeith A. ErhardJohn C. ErtzNeal R. FegelySaul F. Feingold

Alan R. FinkelsteinBarry L. FinkelsteinMatt ForanLee M. FortenberryA. Scott FosterLance P. FranczykPhillip B. FranczykRobert T. FrielingMark J. FunkLee M. Gammill, Jr.Bernard T. Garrah, Jr.Jeffrey J. GayonskiCampbell T. Gerrish, Sr.Austin T. Getz IIDeborah GlennMitchell B. GloverThomas GoesRichard H. GoldenJames R. GoodrichSandra E. GoodsteinPatrick K. GoresNic GoreyThomas E. Goris, Jr.Irwin GormanDiane Hack GouldTimothy J. GraceRonald J. GreenbergMel H. Gregory, Jr.James P. GroganStephen T. GuinanGerald F. HallRobert D. HallPaul L. HansonMark E. HardyTed P. HarlessChristopher N. HarmonDavid B. HarrisRichard L. HarrisKevin J. HassanDavid J. HeeterBenjamin W. HendersonMichael S. HenegarGerald J. Herbison Mark J. HeurungKeith E. HickersonAndrew J. Higney

Gregory L. HoernschemeyerStefan H. Holter

Jack C. HondrosJamie P. HopkinsTerence L. HoranMatthew D. HoustonRick HuBrian J. HubbellJames G. Huckabee IVJoseph W. HuverRoland J. Hymel, Jr.L. Stockton IllowayScott C. IodicePatrick J. IrelandJohn IrvinStuart IsgurSusan JamisonCharles N. Jenkins, Jr.C. Sherfy JonesGeorge G. JosephKathleen M. KaneLieselotte F. KangasGeorge W. Karr, Jr.Hratch KasparianArnold M. KatzKevin F. KaveneyShawn F. KelleyTroy B. KemelgorStephen C. KernaghanHelen O. KhoJenny KhoKelly KidwellDavid D. KieckerGarry D. KinderWilliam S. KochSteven H. KosnickJohn E. KozakisDaniel G. KrivosTheodore T. KurlowiczBruce A. LafferreTod D. LashwayRaymond N. LatianoBruce W. LaughlinM. Kevin LawhonRonald B. LeeJoel J. G. LehmanWilliam J. Lemoine, Jr.Robert F. LeonardDeborah LeSageDavid A. LittellLarry T. London

Ronald E. LongChristopher R. LoweryRobert D. LowreyKevin M. LynchShawn C. MackeyCory A. MahaffeyTimothy P. MalarkeyJoseph P. Mallee IIIWilliam J. Manby , Sr.Jeffrey J. ManderfeldDennis J. ManningJames V. MarkerCharles D. MarksScott A. MarschallKenneth J. MastersPatrick L. MatthewsAnthony T. MazzeiDavid C. McAvoyBrian W. McClureKaren McDermottEdward M. McEvoyHugh J. McFaddenJames C. McGillEric M. McGoughTimothy P. McLanahanRana McNamaraCorey D. McQuadeJohn W. McTigueJames E. Meeks, Jr.Carl F. Mehlhop *Donald H. MehligJoseph F. MeierBradford L. MeigsJohn MeisenbachHerbert N. Messick IIIAndrew M. MiceliCarl W. Middleton IVBenjamin B. MillerKevin E. MillerNorman B. MillerR. Aaron MillerDavid D. MirabitoDonald E. Morris, Jr.Timothy M. MulroyJames F. NaiveYuka Nakahara-GovenDavid P. NanigianJohn E. NatoliJames J. Nemec


William J. NewmanAlan P. NiemannLynn A. NolanKristin A. NordahlC. Bayne NorthernTroy A. NunnJoshua A. OertliDavid M. O’MalleyNicholas H. PalaianKevin R. PalmiterBruce G. Parker, Jr.Michelle PedigoBrian G. PetrandoWade PfauHarold H. PhilipsenSidney E. PhillipsMichael T. PiotrowiczMatthew J. PlocherWilliam D. PollakovRichard A. PopeLisa H. PowellRobert W. PowellFrederick W. Prelle, Jr.Dennis A. PrenticeKevin S. ProffittJohn N. ProkopchakCharles R. PruettBurvin E. Pugh, Jr.Mark L. PulaskiJoseph R. RadovicJulie A. Ragatz-NortonJeffrey J. RappJeffrey D. ReeterAdam T. RhoadesPhillip C. RichardsDavid E. A. RikerEzra H. Ripple IVJ. Daniel RiversGary RoweMatthew T. RussoSteven W. RyanR. Philip SarneckiJoseph M. SavinoChristopher J. SchenkelJayne N. SchiffColleen A. SchuenemanJohn P. SchwanRussell K. SchwartzbeckMichael F. Scovel

Eugene J. SeamanRobert SeeryBrad P. SeitzingerEdward J. ShanahanGary R. SitzmannMarsha H. SlaterJeffrey W. SonsJoseph SparacioJon S. StenbergDavid J. StertzerWilliam J. StevensGlenn E. Stevick, Jr.Bradley W. StewartMaurice L. StewartEugene H. StormsPeter F. Striano IIIEdward M. StuartFernando SuarezF. Gib SurlesWendy L. SutowskiRex M. TakahashiEric K. TakaoDerek J. TammStephen D. TarrRobert W. TerryMichael F. TewsSamuel T. TheobaldScott P. TheodoreAllen F. ThomasJohn B. TripoliAlessandro J. TroncoLeo C. Tucker, Jr.Jeri L. TurleyKimberly L. TurnerLise TwifordAndrew G. UramJohn F. Van Der HydeMary C. VarnerMichael J. VietriJoshua T. WaiteWilliam C. WallaceStephanie A. WalshWilliam WatsonJohn F. WaylandAmanda WeitmanJohn G. WellsRobert J. WerneckeDavid F. WestJames E. Whistler

John WhithamTek R. WiegertMelinda M. WilkeRockford G. WilliamsPaul P. WinklerChristopher P. Woehrle Walter J. WoerheideDavid F. WoodsJames R. Worrell, Sr.John W. Wright IIJocelyn WrightRobert W. WylieBryan G. YackulicGeorge S. YackulicRyan E. YoderT. Scott ZachJeffrey Zuzolo

1927 Society - Annual Gifts of $250 to $1,499Eric M. AanesWilliam R. Abeles, Jr.Charles AdamsJohn AdamsStephen T. AdkinsRalph S. AdornoStephen R. AinsworthJason R. AkersBetty J. AlbitzJoseph L. AldridgeMichael A. AlfredJames M. AlloteyRobert K. AltshulerMichael F. AmoiaPhilip J. AmosScott A. AndersonScott T. AndersonThomas M. ArcherCharles H. ArmstrongKenneth A. ArmstrongMarc D. ArnoldGlenn J. AronsWilliam J. AshwellDennis B. AshworthPamela C. AtkinsonEdward C. AubleRoger S. Augustyn

William S. AustinRay L. AylesworthJames J. AzzarelloMark B. BaickerSteven J. BaileyDaniel K. BairdGuy E. BakerVernon G. BakerMichael BakonyiChet D. BandyKaren M. BardLane A. BarkstromDavid BarolEric L. BarrettBradley BarrieHoward L. BartoCharles S. Bean IIIKimberly A. BeckGregg R. BeckerJohn D. BeckerPeter D. BeckmanJames B. BellNancy BelloJeremy BelskyWilliam M. BenedictJeffrey P. BenowitzCharles K. Bens, Jr.Donald R. BerkeyRaymond L. BertasiKurt D. BethkeWilliam H. Black, Jr.Jane M. BlackAnnette J. BlairRichard J. BlakeGarrett T. BleakleyJoe K. Bledsoe IIIAnne Marie BoberFredric R. BocceriTodd BockDavid L. BoddeThomas E. BoergerBradley H. BoffordKent L. BohanonCynthia R. BolkerBrian E. BookerLawrence D. Bos, Jr.Russell BostickTodd D. BothwellBlake L. Bottle


Stephanie S. BrandonEdward H. Brenmark IIIArmondo J. BrennanCurtis R. BrooksDavid M. BrownJohn Peele BrownRichard N. BrownRobert B. BrownChris L. BrowningPhilip K. BuchananRonald J. BultmanBrett A. BumgarnerJoseph T. BurkhardGregory P. BurrellFranklin D. Butler, Jr.James L. ButlerBruce A. ButtleJohn E. CallesThomas J. CanaleMark E. CanerJames J. CarboneDean W. CareyLisa Marie CargillBarbara R. CarrR. Douglas Carter, Jr.Marianne E. CarterGloria M. CatinchiBrett J. CavalieriDavid P. CernyStuart J. CestiaJohn S. ChambersPeter S. ChanDaryl L. ChapmanDavid M. ChavezShane M. ChavezAlexander ChernoffLarry R. ChristensonWallace Chi Ho ChuJohn E. ChurchDebra L. CirksenaDavid T. ClarkeLori A. ClausenCharlene D. ClaytonWilliam W. ClingempeelJack S. CohenDavid A. CoinerBradford J. ColbyScott D. ColbyRobert S. Cole, Jr.

Arthur J. ColelloLeonard B. ComberiateDonna H. ComerJohn F. ConnealyForrest W. CookKent J. CookeJonathan A. CooleyJohn D. Cooney, Jr.Scott J. CoppetoCindy K. CorcoranJames R. CorsoMarc E. CottleGeorge H. CoxMark F. CoxChristopher M. CoyneDodee F. CrockettJeffrey P. CrosleyMargaret A. CullBarbara CunninghamThomas P. CunninghamWilliam K. CunninghamTimothy D. CurryKimberly L. CurtisDeborah J. CzerwonkaVasilios K. DanasRoy G. DanielsEarl DarphinStewart W. Davis, Jr.John L. DavisTodd M. DavisSusan DeakinsJonathan W. DeJongThomas A. DeWerthLeonard J. DiCostanzoChristopher W. DiltsDerrick DingerBrigette B. DiNicolaDaniel W. Dittman, Jr.Jack E. DixonCarol B. DobbsCharles R. Dobson, Sr.Jeffrey T. DobynsChristina Ann DockBrett D. DoddsPatrick J. DolanCody K. DollySteven H. DomskyMarty and Helen DonnerDeborah M. Doud

Samuel C. DowdyChristopher L. DowleyJames L. DowneyLance E. DragelinElias R. DragonDonald J. DraudtGary DuellJustin C. DuftBrian DugganHarold E. DurbinPaul F. Duval, Jr.Jason S. EarlyWilliam T. EasleySimeon G. Eaves, Jr.Michael H. EbmeierRay EckertWilliam A. Edwards, Jr.Patricia M. EisenhauerJohn C. Ellis, Jr.Christine D. ElsbergScott A. EmleyAnthony G. EngrassiaNathan E. EngstromMark EricksonMichael M. ErpeldingHenry V. EstepTony M. EttingerScott R. EvansDavid J. EvensonWendy L. FeldmanThomas S. FerryKenton L. FervidaDavid J. FierDeanna A. FilosaNicholas J. FioritoJohn B. FischerLaura J. FisherWilliam C. FiskTimothy C. Flanagan, Jr.J. Randolph FlattDavid FleisherCorey FleisnerSteven P. FlodderRichard C. FlowersRex D. FosterRoland G. FournierRussell L. FoxJames M. FrawleyKirk A. Freedle

Ian FreemanJason H. FreemanMarcel R. FreyHoward J. FriedmanJames J. FriedmanJanelle J. FuhrmannPeter FulchironKenneth G. GallacherKevin E. GallacherBenjamin D. GanttAli GarbaGonzalo M. GarciaStephen J. GarryJonathan F. GartonMichael D. GaryJules O. Gaudreau, Jr.David C. GautscheWilliam M. GearhartRoderick L. GeerRoy C. GeorgeConnie L. GerbaPatricia K. GibeleyGary S. GilchristTodd S. GillinghamBrent C. GilmoreDeborah L. Giordano-MannoJohn C. GogliettinoHoward B. Goode, Jr.Jesse R. GottliebMichael D. GrabhornBradly W. GraffiusStephen E. GrayRonald J. GrensteinerThomas M. GriffithSheila M. GugliuzzaHerman Gunter IIIHal D. GuyDavid F. GwynnAngelo A. HaddadB. Scott HadleyCarrie L. HallP. Allen HaneyMark J. HannaNicole R. HansonBruce A. HarrisonBryon J. HatrelGeorge S. HecomovichAnthony L. HegerCharles Heinz


Edward A. HelyJames S. HemphillKevin HenchJerald F. HendersonBruce C. HendricksonAlbert P. HerzogCharles E. HewettJo Ann HillSusan M. HillWayne S. HillPatrick J. HintonMax HockenberryPaul F. Hoerrner, Jr.Donald B. HoffmanMatthew D. HoffmanTeresa M. HoffmanRandall P. HoggardGary C. Holvick, Jr.Donald HolzhammerDavid S. HoodRussell Y. HootaDaniel D. HorningJohn J. HorriganJune D. HouckRobert C. HoughtonFrank J. HowellEric C. HowieLoren L. HsiaoHoward T. HudsonSusan M. HurschmanJohn P. HylandRaymond N. IanniElayne M. JacksonBrian G. JacobsAmy JamrogJefferson K. JarrellAnthony B. JerniganLeslie E. JoerkeBarry F. JohnsonDavid T. JohnsonDouglas W. JohnsonHoward A. JohnsonMark E. JohnsonMichael JohnsonRobert E. JohnsonJoseph E. Johnston IIIAdrian JonesDaniel B. JonesDouglas A. Jones

Joe B. JonesKatherine M. JonesPhilip G. JonesSteven E. JonesSeong Shin JooSteve J. JordanSylvia A. JuricAdam S. KaminerWayne T. KanetaBruce H. KantorGary L. KarthauserLori J. KaufmanAsghar A. KazimPeter J. KeatingKurt Allyn KechelyMichael C. KeenanChristopher A. KehlJ Gregory KellerDavid A. KellinChristopher F. KellyNicholas B. M. Kemp, Jr.Hollee A. KierLeigh E. KingMortell D. KinserFrank I. KintzleKaren J. KirbyJames E. KirkMichael A. KirshJennifer L. KlineBruce D. KlingerMuriel KnappWilliam F. KnappDavid A. KnoxAlan H. KodamaLance B. KolbetRichard W. KolminLawrence N. KosciulekJoshua S. KosnickDonald M. KowalskyKenneth T. KozlowskiMichael J. KraftRobert J. KramerDaniel G. KressStephen G. Krochmal, Jr.Stephen O. KroegerDennis C. KrolPaul G. KropatschKimberly J. KroppMatthew R. Krueger

Kraig K. KuckKathy P. KueiderHilary M. KurzerRichard J. Kuster, Jr.Christopher KutufarisSharon H. LabelleLarry M. LaBineMarla Gene LaceyPanos J. LamprosCharles D. LandisRobert J. LangW. Gary LangenhahnAndrew M. LaRoccoPaul D. LarsonJordan R. LaserVal Laskowski-MartinezNicholas D. LatrentaDavid F. LauJoe LauHeather C. LeachGeoffrey A. LeggRobert R. LehmertLynda L. LenzCharles C. Leonard, Jr.Frederick C. LeonardKeith E. LernerRonald H. LesieurHarold J. Leslie, Jr.Michael T. LevertyJacob C. LewisTerry K. LewisJanette M. L’HeureuxElizabeth Ann LiechtyGeorge K. LimperopoulosThomas G. Lipscomb IIITerri S. LivingstonNorman J. LizarraldeCarlos C. LluchMariko LockeJoshua S. LoewensteinerJoanne E. LogueFrancis J. LojewskiWilliam G. Loventhal IIIDaniel K. LoventhalMicah T. LowryMatthew J. LuederMary Grace LundstromAlan LurtyThomas K. Luxem

Joseph M. MaasMichael S. MacfarlaneSuzanne T. MacFerrinMark MadgettSteve J. MahannahJennifer L. MainDev K. MandhyanJeffrey A. MantheyMark A. MappaVincent J. MarinelliFrederic R. MarschnerMichael E. Marsengill, Jr.William P. MarshallRonald L. Martin, Jr.Carole H. MartinJohn C. MartinKenneth A. MartinTed M. MartinManuel E. MartinezMichael J. MathewsHarry K. MathurMark R. MatleyCurtis L. MatlinMark R. MatuliaTrent MausserJason M. MayRaymond J. MaySteven J. MaynardPatricia A. MazzantiNorman E. McCarthyCathy A. McDonaldRichard S. McGarryC Kent McGillKevin M. McGradyCharlene A. McKenneyGregory M. McMorranKeith H. McNeilRobert E. McNicholRoger M. McQueenRonald K. McQueenThomas McTigueDavid L. MeadJames H. MeanixRebecca D. MeansJames J. MeehanShelly L. MegnaKevin MeierMichael J. MeindertsmaKelly R. Meldrum


Allan T. MendelsRobert E. MessingerFredric S. MeyersMark E. MieheThomas A. Miller, Jr.Anthony D. MillerEdwin D. MillerJoshua E. MillerKeith Miller *Steven L. MiuraSandra V. MobleyDaniel H. MohrChristopher T. MolessaRonald J. Molles, Jr.Paul S. MontelloRobert B. MontgomeryPaul S. Y. MoonThomas J. MooneyAlan L. MooreJoel E. MooreTimothy F. MooreAnne B. MoquinCraig A. MoquinJohn MorecraftTerry M. MorganRobert A. MoroCharles C. MorrisJames M. MorrisonJay H. MoyerThomas A. MuldowneyKevin P. MullaneThomas A. MullanyJohn P. MullerDelbert L. MulveyMatthew D. MuraltMichael P. MurphyGreggory T. MursetDavid L. MustoJonathon L. MyersPhilip L. NagelEdward F. Nagle IIWilliam A. NarduzziSusan C. NatoliDana M. NeighborsWilliam G. NelkinTodd A. NiemanDean M. NihartRichard D. NoahNannette Nocon

Tim NoeWilliam A. NolteAndres S. Noriega, Jr.Scott P. NoyesHenrietta K. NyeThomas J. NyeDaniel S. O’BrienTracy R. OdegaardWilliam T. O’DonnellThomas M. OliveiraSheryl L. OlsonMichael D. OrrFrank A. OsbornRonald L. OsborneRobert K. OstbergPhilip D. OwenTanya D. PagesKevin M. PailetAnthony J. PalmiscnoJoseph PapasGlen S. ParkRoderic W. ParkerDavid W. ParsonsTerry N. PattersonAndrew R. PavlinEdwin B. Peacock IIIJoseph J. PelletierS. Alexander PellishArlin L. PennerRon C. Penney, Jr.Samuel O. Penni IIIAaron M. PerryGerald A. PeterFrederick P. PetersJames V. PetersKenneth W. PetersenSteven L. PetersenJames C. PetersonLinder P. PetersonThomas L. PetersonMary L. PierceWalter R. PierzTommy W. PietschSamuel J. Pitt, Jr.Dante P. PizzutiColeman W. PollardJacki L. PopadichBruce J. PopeRodger Premeau

Kathleen K. PritchardJohn S. PughV. Thomas Purcell, Jr.John T. RaisorChandru S. RamachandranJ. Ray Ramsburg IIISteven D. RandallLeonard Paul RaskinNicholas J. RasmussenJoshua J. RauschenbachEric M. RauscherRichard L. RawlingsNanette Bouvier RedikerJames J. Rehak, Jr.Gerald B. RexMarvin R. ReynoldsDavid L. RichardsonJohn E. RichterKevin B. RigenhagenDavid E. RiggsBruce E. RislerDaniel J. RobertsJoseph J. RobertsMara T. RobertsScott D. Robertson*John P. RolandRichard T. RomanoPhilip F. Rongo, Jr.Walter W. RoopRichard E. Rose IIIGrace F. RossmanNancy J. RothD. Rex RousselotJohn H. Ruhl, Jr.Kurt P. RupprechtRandal E. RushAdam M. SachsDavid P. SailorBenjamin B. SamsWilliam M. SandersCharles T. SantosWilliam R. SapersTina M. SaracinoAndrea N. SchafferMichael J. ScherJohn J. SchollCynthia D. SchumackerHopeton ScottMatthew B. Searles

Bruce H. SearsRick L. SegerRichard P. SeguyJason N. SemelengMarc C. SewardMansukh J. ShahBruce H. ShamThomas A. ShanklandDavid A. SharpJonathan A. ShawBarry P. ShelleyWalter J. ShieldsCalvin ShiuDonald E. ShopiroKaren P. ShuteDon M. SilkJeffrey D. SimpsonRobert A. SinkGerald A. SkrzyckiWilliam F. Slattery, Jr.Richard O. SlutzkyJames C. Smallwood, Jr.Charles A. SmithCurtis W. SmithGail F. SmithGary M. SmithKeith A. SmithKristi M. J. SmithPhilip E. SmithScott B. SmithTim W. SnowAndrew J. SohnRaymond L. SotoThomas Laurie SouthernHarley R. SowellKen SparksArthur SpillerGregory J. SpinazzeMark A. SpinnatoLeon A. StallardMark E. StamperDeborah A. StauringH. David Steele, Jr.Kenneth D. SteeleGeoffrey C. StegerJ. Michael StephensPatrick StollMichael K. StoneClaudia H. Stowers


Thomas M. StranskyErik O. StridJohn Jung Hoon SuhHarold R. SullivanDongming SunBradley S. SutterWilliam F. TallentMayumi TamakiMarc L. TannenbaumAaron T. TannerGary W. TaylorHolly A. TaylorRobert J. TeikThomas R. TewellJon A. TheekeJamie R. ThomasRoy C. ThorntonChristopher A. TiptonRichard V. TiptonTodd T. TurowskiJames J. TyrpakKeith H. UlrichBalbinder UppalLarry W. VaculikJeffrey M. ValleLarry Van OllefenTimothy S. VanderHorstJames R. Vandersluis

Russell W. VanderSteegJames C. VanderWaalDavid P. VanderzeeClifford E. VanittersumPaul W. VannThomas R. VaughnRobert S. VedderMark D. Vehslage, Sr.Carol Jean VenturaPamela R. VerhasseltPaul S. VirenPatrick R. VivierLorraine A. VollhardtBrian M. VranaStephen R. WalkerThomas L. WalkerBradley K. WaltonWolfgang WandMichael J. WardJonathan M. WarnerThomas F. WarnerJames H. WatsonR. Chuck WaughAmy R. WebbDaniel J. WeggelSara Anne WeichelWilliam B. Weihenmayer, Jr.Lee G. Weinstein

Mitchell I. WeisbrotRay L. WeissGina C. WellsDarrin WerbitskyOrestes V. WestDouglas V. WestallR. Ray WestfallShane E. WesthoelterStephen M. WestlakeJohn E. WhitakerSarah C. WhiteDavid F. WhitesmithDavid C. WhitneyCurtis R. WiedemanJames D. Williams IIIAdrian L. WilliamsDaniel R. WilliamsLarry C. WilliamsW. David WilliamsAlan B. WilliamsonJames L. WilliamsonDavid C. WillisRoger I. WillrothDaniel T. WilsonBrian P. WinfieldScott A. WinslowAllan M. WiserWalter Wolak

Richard D. WolfTerrence L. WolfGordon WollmanJ. Richard Worrell, Jr.James D. WrightSamuel G. WurtzelJames S. YoungChristopher ZarraDavid W. ZieglerMichael G. Zorio

* Deceased


$1,000,000 and More

Cary M. Maguire

James A. Mitchell

William B. Wallace $750,000 to $999,999

Jarrett L. Davis III

Gloria M. La Grassa $500,000 to $749,999

Louis P. DiCerbo II

Richard A. Liddy

Reginald N. Rabjohns

Frederick J. Sievert $300,000 to $499,999

Brian S. Brown

Michael C. Davidson

William O. Goodwin

Phillip C. Richards

Seymour Sternberg

Warren T. Wamberg $175,000 to $299,999

Laurence Barton

William H. Beckley

Peter C. Browne

Joseph W. Jordan

Barry Kaye

Charles D. Marks

Robert B. Plybon

John J. Rocco

Albert J. Schiff

Eugene J. Seaman

Joel A. Shapiro

Jack B. Turner

E. Hardy Vaughn, Jr. $100,000 to $174,999

Robert W. Barth

James M. Benson

Christopher O. Blunt

Ralph E. Brown, Jr.

Millard J. Grauer

Gary T. Huffman

George W. Karr, Jr.

Arnold M. Katz

Arthur D. Kraus

Lifetime GivingRonald E. Long

Eileen C. McDonnell

Foster E. Murphy

Thomas J. O’Haren

Ronald M. Park

Michael E. Rosenzweig

Todd M. Schoon

Thomas B. Wheeler

$50,000 to $99,999

Benjamin G. Baldwin, Jr.

Lee V. Bethel

Lyle L. Blessman

Debra G. Boblitt

Elton H. Brooks

John R. Cassin

Robert E. Chappell

Patrick J. Collins

Michael J. Corey

Howard B. Cowan

Ralph L. Crews

John W. Cruikshank III

Ralph Davis, Jr.

J. Scott Davison

David Q. Day

Jules A. del Vecchio

Anthony J. Domino, Jr.

John R. Driskill

Chester A. Duke, Jr.

Salvatore F. Farina

Edward J. Feiman

Saul F. Feingold

Samuel J. Foti

Seymour Geller

Peter A. Golato

John W. Greene, Jr.

Randall H. Harbert

Thomas H. Harris

Salene Hitchcock-Gear

Harry P. Hoopis

E. Dunbar Jewell

Fred H. Jonske

Allan M. Kaplan

Joe Kelley

Theodore T. Kurlowicz

Leon L. Levy

Eugene F. LoVasco

Dennis J. Manning

John W. McTigue

David L. Mead

James J. Meehan

Donald H. Mehlig

Joseph J. Melone

Peter W. Mullin

Linda S. Need

William T. O’Donnell

Bruce G. Parker, Jr.

Nathan M. Perlmutter

Alan Press

Paul J. Shevlin

Walter J. Shields

Allen A. Skogebo

David W. Smith

John E. Steger

Maurice L. Stewart

Stanley B. Sworski

Robert W. Verhille

Michael J. Vietri

Paul E. Vignone

Susan D. Waring

Samuel H. Weese

David F. West

James E. Whistler

David C. Whitney

Doyle J. Williams

David F. Woods $25,000 to $49,999

Mark F. Alder

Dan W. Anderson

R. Allen Angell

Hartman Axley

Dennis M. Axman

Guy E. Baker

Richard M. Bauhof

Sam E. Beller

Jerrold J. Borrowman

Glenn Boseman

Marvin D. Bower

David M. Briggs

Abram I. Brustein

Dickson C. Buxton

Walter M. Cardinet, Jr.

James Cerone, Jr.

R. Michael Condrey

George I. Connolly

Susan M. Cooper

Charles T. Cronin III

John W. Cronin

David A. Culley

Paul L. DeLisio

R. Paul Dodd

Bryan C. Dunn

Jay R. Eagan

Catherine L. Eckardt

Alfred O. Elder

Keith A. Erhard

Mehdi Fakharzadeh

Caroline A. Feeney

Neal R. Fegely

William W. Fenniman

Alan R. Finkelstein

Harris S. Fishman

Gene L. Foxen

R. David Fritz, Jr.

Kenneth L. Fry, Jr.

Leo R. Futia

Lee M. Gammill, Jr.

James L. Garard III

Anthony M. Garcia

Frederick M. Goodwin, Jr.

Irwin Gorman

Diane Hack Gould

Mel H. Gregory, Jr.

J. Barry Griswell

Floyd E. Guest, Jr.

William K. Halliburton

Allan G. Hancock

George Handler

Ann W. Hartmann

Dermot T. Healey

Keith W. Hein

Gerald J. Herbison

Phillip J. Hildebrand

Ivan C. Hinrichs

Terence L. Horan

Will S. Hornsby III


Jerry L. Hulick

Joseph W. Huver

Roland J. Hymel, Jr.

John Irvin

Donald C. Jayne, Jr.

Douglas W. Johnson

Rodger K. Johnson

C. Sherfy Jones

Douglas W. Jones

George G. Joseph

Richard M. Kagan

Norman W. Kamerow

James T. Kane, Jr.*

Jenny Kho

Robert E. Kiley

Garry D. Kinder

Victor W. Kirsch

Bartholomew Larocca

Fletcher C. Larson

David F. Lau

Bobby L. Layman

Stephen F. Libby

Robert D. Lowrey

David C. McAvoy

Bernard P. McDonough

Thomas L. McLeary

Patrick J. McNamara

Joseph F. Meier

Richard J. Miller

Stanley E. Miller

Kenneth C. Mlekush

James G. Morgan

Denis F. Mullane

Deanna M. Mulligan

Thomas W. Myers

James F. Naive

Yuka Nakahara-Goven

James J. Nemec

John F. Nichols

Knut A. Olson

Thomas J. Patton

Leo V. Petrini

A. Duer Pierce, Jr.

Jacob Pilibosian

Lisa H. Powell

Robert W. Powell

Wilmer S. Poynor III

Arlen I. Prentice

Parthasarathy Rajagopalan

Jack C. Raskin

Carl H. Reinhardt

Thomas R. Richards

William C. Robertson

M. Michael Rooney

Ronald S. Rosbruch

James D. Rosenbaum

David E. Sams, Jr.

Robert C. Savage

Robert D. Shapiro

William F. Shean, Jr.

Mark W. Sheffert

Raymond A. Silva

Robert J. Sims

Gary R. Sitzmann

Bernard A. Sloane

Nikki L. Sorum

Joseph Sparacio

Paul L. Stein

Eugene H. Storms

Donald P. Sullivan

Eric K. Takao

Stephen D. Tarr

Guy R. Thomas

James T. Turner III

Stephanie A. Walsh

Robert F. Weaver

Thomas L. Webb

Robert J. Wernecke

Harold L. Wilshinsky

Christopher P. Woehrle

Barry L. Wolfe

David G. Zick

Rosemary T. Aitken

David B. Allen

David G. Allen*

Eleanor W. Allen*

John H. Allen

John W. Allen*

Eugene J. Altstatt

Dan W. Anderson

Sandra L. Anderson*

R. Allen Angell

Stuart A. Appel

Rudolph Arkin

Donald T. Ash

Timothy M. Babbert

Independence Guild The Independence Guild is the legacy society of The American College of Financial Services and reflects individuals and certain organizations who have made planned and deferred gifts.

Michael O. Babin

Joseph M. Backes

John T. Baier

Robert W. Bailey

Thomas W. Bailey

Guy E. Baker

John W. Baker

Benjamin G. Baldwin, Jr.

Robert M. Ball

Kristin L. Barens

Russell C. Barlow

Walter Barnes, Jr.

John M. Barry

Robert W. Barth

Larry and Eliza Barton

John R. Bartram

Thomas J. Bash*

Roland J. Basinski

John A. Batza

J. Gary Beagin

Robert A. Beck*

William H. Beckley

Kenneth R. Beesley

Donald D. Beeson

Charles E. Belcher

Dennis J. Bell

Sam E. Beller

Fred W. Beltz III

Dan A. Bench

David G. Benedict

James M. Benson

Warren G. Berger III

Ronald J. Bergstrom

Arthur B. Berk*

Lawrence J. Bernard

Ronald W. Beshear

Lee V. Bethel

Ronald E. Bishop

Stephen J. Blakesley

Gregory D. Blanchard

G. James Blatt, Jr.

Garrett J. Bleakley


Christopher O. Blunt

Debra G. Boblitt

Gary P. Bocard

Roger C. Boeger

Bradley H. Bofford

Robert H. Boisvert

Cynthia R. Bolker

Frederick S. Bolyard

Stephen G. Bolyard*

Joseph S. L. Bonin

Lawrence F. Boord

Robert J. Born

Jerrold J. Borrowman

Jacob W. Boston

Thomas A. Bott II

Larry E. Botts

Vincent C. Bowhers*

Charles R. Boyd

David E. Boynton

Charles N. Bracht

Steven R. Braden

Margaret I. Bradshaw*

Stephen R. Braswell

William J. Braun

Terry L. Breitbord

John A. Briner

J. C. Brinsfield

William V. Brody

Elton H. Brooks

Ralph E. Brown, Jr.

Brian S. Brown

Lee B. Brown*

M. Wendell Brown

Rice E. Brown

Peter C. Browne

Allen R. Bruce

Vincent P. Brueggeman

Daniel E. Brunette

John H. Bullock, Jr.

Edward A. Burch

Glenn R. Burell

Andrew J. Burger

Francis D. Burke, Jr.

Joseph T. Burkhard

Dennis E. Butler

Dickson C. Buxton

Daniel Cafolla

Robert J. Calhoun

Albert G. Call III

John E. Calles

Juan E. Calles

Donald S. Cameron

John D. Campbell, Jr.

W. Harrison Campbell

Lee B. Canfield*

Harold Caplan*

Curtis Carey

Peter G. Carey

Byron L. Carlson

Kirt W. Carstens

John B. Carter*

Robert A. Carter

John R. Cassin

Milton M. Cerf

James Cerone, Jr.

Steven H. K. Chang

Robert E. Chappell

Marcus C. S. Cherry*

Martin Cherry*

Herbert L. Cheskis

Beverly T. Chrisman

Adelia C. Chung

Tai Yau Chung*

James M. Clary

William S. Cochran*+

William H. Coleman, Jr.

Paul W. Colflesh*

Patrick J. Collins

Robert E. Collins*

R. Michael Condrey

Susan M. Cooper

Deborah L. Copeland

Howard B. Cowan

Dennis C. Crawford

Cheryl D. Creuzot

Ralph L. Crews

Charles T. Cronin III

John W. Cronin

Dudley R. Crow

John W. Cruikshank III

Anthony C. Cubellis*

David A. Culley

John R. Cushing

Gilfred L. Daigle*

William Damora

Anna L. Daniels

Roy G. Daniels

Richard E. Darrah

Joseph D. Davenport

Kathleen T. Davenport

Paul L. Davidson, Jr.

Michael C. Davidson

Jarrett L. and Mary V. Davis

Ralph Davis, Jr.

David Q. Day

Lee R. Dean

John W. DeDominic

Jules A. del Vecchio

Tony M. DeLeon

Thomas L. Deleot

Paul L. DeLisio

Paul K. Dell*

S. Kay Dempsey

John J. Dennison

George W. S. Denton*

Richard M. Denton

Henry A.* and Florence* Deppe

Robert A. Derrenbacker

Ralph E. DeWerff

Louis P. DiCerbo II

Monroe M. Diefendorf, Jr.

Dwayne A. Dietze

Arvid R. Dike

Charles R. Dobson, Sr.

Anthony J. Domino, Jr.

Anthony J. Domino, Sr.*

Robert V. Donovan

David J. Downey

John R. Driskill

Kirk P. Dryden

Bernard E. Duhaime

Chester A. Duke, Jr.

Lucy Dulin*

J. Terrance Dunn*

Robert C. Dye

Jay R. Eagan

Brian H. Early*

Catherine L. Eckardt

Dwayne A. Edelstein*

Kenneth R. Ehinger

Alfred O. Elder

Donald B. Elliott*

Stephan A. Elliott

O. Lee Elrick, Jr.

Frank M. Engle*

Aaron L. Epstein*

Keith A. Erhard

Jean F. Essex*

George V. Exner*+

Salvatore F. Farina

Frank J. Farrington

Gil L. Fash

Caroline A. Feeney

Neal R. Fegely

Edward J. Feiman

Saul F. Feingold

Ben Feldman*

Charles J. Feldman

Wendy L. Feldman

Martin A. Fennewald

William W. Fenniman

Terry G. Fenwick

Charles I. Ferrara

Robert J. Fincham, Jr.

Alan R. Finkelstein

C. Robinson Fish III*

Carmen T. Fish

Harry I. Fisher, Jr.*

William H. Flammer, Jr.

Wayne N. Fleischer

Dennis A. Flem

Gary L. Flotron

Thomas F. Flournoy*

Thomas F. Flournoy III

Michael M. Flynn

Lewis W. Fogel

Maureen M. Foley

Arnold G. Ford

Curtis B. Ford

William E. Ford*

Daniel C. Fortier

A. Scott Foster

Samuel J. Foti

Joseph E. Fox

Gene L. Foxen

Timothy J. Freeman

Frank Friedler, Jr.*

Sidney A. Friedman*

Gary R. Froid*

Paul S. Frommer

Kenneth L. Fry, Jr.


Joseph A. Fulkerson

Lee M. Gammill, Jr.

James L. Garard III

Charles E. Garrity

Seymour Geller

Nancy B. Georgen

Richard M. Geriner

Campbell T. Gerrish, Sr.

John T. Ghegan

Peter A. Golato

Julian H. Good, Jr.

Stanley F. Goodin

Fredric E. Goodman

William O. Goodwin

Shelley S. Goren*

Thomas E. Goris, Jr.

Diane Hack Gould

Millard J. Grauer

Nancy H. Green

Olen C. Green*

Ronald J. Greenberg

John W. Greene, Jr.

John H. Greene

J. Barry Griswell

Frank F. Haack, Jr.*

Donald R. Haas*

Jason S. Hackmann

Angelo A. Haddad

Harry Haiblum*

J. Leonard Hale

William K. Halliburton

Sanford B. Halperin*

Allan G. Hancock

Calvin L. Hannah

Randall H. Harbert

Robert D. Harris*+

Thomas H. Harris

Randall D. Hart

Richard L. Hartmann

Kevin J. Hassan

Karen B. Hausler

Thomas M. Hawco

Jack D. Hayes

John E. Hazard

Dermot T. Healey

Frank G. Heitker

Wayne A. Hellbusch

Ned D. Helmuth*

Thomas S. Henderson

Robert G. Hengelfelt*

Willard L. Hensel

John C. Hensley, Jr.

Donald J. Herzog

Phillip J. Hildebrand

Richard L. Hill

Robert P. Hill

David H. Hilton*

Warren C. Hodges

Austin E. Hodgkins, Jr.

Gregory L. Hoernschemeyer

Noralie J. Hoffman

David F. Hokanson

George O. Holland

Vernon W. Holleman, Jr.*

Harry P. Hoopis

Gerald D. Hoppe

Terence L. Horan

Will S. Hornsby III

Donald R. Houser*

Anita J. M. Hsiao

William R. Huey, Jr.

John P. Huntington

Thomas P. Huntington*

Joseph W. Huver

Roland J. Hymel, Jr.

Leonard J. Ialeggio

John Irvin

Richard D. Irwin*

J. Curtis Jacob

John R. Jagger

Donald C. Jayne, Jr.

Marvin B. Jaynes*

William D. Jefferson*

E. Dunbar Jewell

Alfred C. Johnson

Douglas W. Johnson

Edwin T. Johnson*

Rodger K. Johnson

Steve K. Johnston

C. Sherfy Jones

Charles H. Jones

George G. Joseph

Harris E. Kagan

Richard M. Kagan

Terri R. Kallsen

James T. Kane, Jr.

Allan M. Kaplan

Ronald F. Karabian*

George W. Karr, Jr.

Amy M. Kates

Arnold M. Katz

Barry Kaye

Kurt A. Kechely

Joe Kelley

R. Gene Kent

John S. Kerr

Robert H. Kerrigan

Thomas D. Kienlen

James H. Kihneman, Jr.

Robert E. Kiley

Kevin C. Kingston

Victor W. Kirsch

Clayton J. Klein

Stanley B. Kline

Thomas C. Klotz

Michael J. Kraft

Stephen A. Kramer*

Arthur D. Kraus

Lanny N. Kuehl

Theodore T. Kurlowicz

Gloria M. La Grassa

Tamarine Lackey

Christopher J. Larger

Bartholomew Larocca

Conrad J. Larsen

Fletcher C. Larson

Liam A. Leary

Louis G. Leblanc

Leslie S. Leeper*

Robert R. Lehmert

Elliot G. Lengel*+

Ronald H. Lesieur

James C. Lester

Robert L. Levin*

Sidney Levine

Leon L. Levy

H. Kirke Lewis*

Stephen F. Libby

Donald E. Lippencott

Leroy E. Lohman

Ronald E. Long

Joseph D. Longo

Eugene F. LoVasco

William G. Loventhal III

Robert D. Lowrey

Edick A. Lucas

Gerald L. Lukton

Parker L. Lyda

Michael H. Lyman

J. Peter Lyons

Malcolm D. MacKinnon

Timothy P. Malarkey

Patricia A. Mann

Dennis J. Manning

Charles D. Marks

Arnold P. Masinter

Kenneth J. Masters

Robert E. Mathis

Donna J. Matzko

Michael V. May

Raymond J. May

Frank D. McArthur II

David C. McAvoy

John K. McCallum, Jr.

Eileen C. McDonnell

Joseph C. McGee

Raymond W. McHale, Jr.

Wayne O. McHargue

David N. McIntyre

Kimberly J. McKown

Robert F. McKown

Timothy P. McLanahan

Miles W. McNally*

Patrick J. McNamara

John W. and Vanessa McTigue

David L. Mead

Dexter M. Means

Kenneth L. Means*

Robert B. Mecklenborg

Andrew J. Meehan

James J. Meehan

Carl F. Mehlhop*+

Donald H. Mehlig

John Meisenbach

Ned R. Meisner

Joseph J. Melone

Alan L. Meltzer

Jorge E. Mercado

Joseph R. Mercier

Sherburn W. Merrill, Jr.

Carl W. Middleton III


Anthony D. Miller

Keith Miller*

Stanley E. Miller

James A. and Linda R. Mitchell

Roy O. Mitchell*

Kenneth C. Mlekush

James B. Moore

Anthony Morris VII

Donald E. Morris, Jr.

John T. Mulheran

Denis F. Mullane

Peter W. Mullin

A. Douglas Murch*

John H. Myaard

Thomas W. Myers

James F. Naive

Yuka Nakahara-Goven

Roland S. Nebeker

Linda S. Need

Warren A. Negri, Jr.

William R. Neville, Sr.

Kenneth J. Newfarmer*

Glenn W. Nichols*+

George R. Nicholson, Jr.

Paul M. Nick

Maxine B. Niemeyer*

Paul F. Noble*

Glenn L. Noland

C. Bayne Northern

Kevin J. O’Connor

Kevin S. Odell

Thomas J. O’Haren

Carolyn J. Ohlfest

Martha N. Olmstead

Raymond R. Olmstead*

Erik A. Olsen

David M. O’Malley

Robert K. Ostberg

Mitchell W. Ostrove

Edward E. Packell*

Bruce G. Parker, Jr.

Stacey M. Pavone

Ralph I. Pence

Robert H. Perkins*

Nathan M. Perlmutter

Kenneth W. Petersen

Linder P. Peterson

Robert L. Pethtal

Leo V. Petrini

John B. Peyton*

Harry Phillips III

A. Duer Pierce, Jr.

Larry R. Pike*

Roger D. Pinneo

James D. Pittman

Steven A. Plewes

Robert B. and Mary Plybon

James P. Poole*

Wilmer S. Poynor III

Jonathan J. Pratt

Alan Press

Robert V. Price, Jr.

James E. Prickett

Earl S. Prolman

John S. Pugh

John M. Qualy

Kirk Quaschnick

Joseph R. Radovic

Frank L. Rainaldi*

Dwain P. Ramlo

Stephen G. Ray

Randall D. Reichenbach

Lloyd L. Reynolds

Thomas R. Richards

John R. Richmond

George N. Ridings

Penny K. Righthand

David E. A. Riker

David S. Rinsky

John F. Rippinger

Ezra H. Ripple IV

John J. Rocco

Sumner Rodman*

Howard F. Roeding, Jr.

Charles A. Rogers, Jr.

C. Michael Rogers

Donald M. Rogers*

Warren A. Romaine, Jr.

M. Michael Rooney

Ronald S. Rosbruch

Mitchell D. Rosenberg

Michael E. Rosenzweig

David R. Rubinowitz*

James W. Rutledge

Ronald A. Sacks

Robert B. Sathe

Frank F. Schambach

Gail M. Schank

Robert V. Schechter*

Scott D. Scheer

Albert J. Schiff

Jayne N. Schiff

Paul F. Schoenfeld

Todd M. Schoon

Richard Schornstein, Jr.

Richard W. Schubert

Raymond J. Scott

Michael F. Scovel

Ellen B. Seaman

Eugene J. Seaman

Joel A. Shapiro

Stephen C. Shaw

William F. Shean, Jr.

Claus H. Shelling

Paul J. Shevlin

Walter J. Shields

John S. Shondel

Frederick J. Sievert

Raymond A. Silva

Morris A. Silverman*

Timothy L. Sims*

I. Michael Singer

W. Clyde Sisson*

Gary R. Sitzmann

Allen A. Skogebo

David W. Smith

Mark B. Smith

Mary P. Smith*

Gary J. Sohigian*

Mark and Paula Solomon

N. W. Jerry Solomon

Mark Sorlie

Neil P. Sorum*

Nikki L. Sorum

Paul S. Soule*

Glenn E. Sowalskie

Robert I. Spak

David L. Sparks

Morton E. Spitzer

Robert B. St. John

James H. Stanley

Ronald T. Stansell

Jolene S. Starr

Dianne Y. Steffey

Michael C. Steffey

John E. Steger

Irving N. Stein*

Paul L. Stein

Seymour Sternberg

Colleen M. Stevens

Stephen B. Stone

Donald F. Stoner*

Dennis G. Stork

Eugene H. Storms

Frank E. Sullivan*

John E. Sullivan

Peter W. Sullivan

Calvin S. Sumner

Jose S. Suquet

Georgia J. Suranofsky

F. Gib Surles

James W. Tait

Eric K. Takao

David R. Tarella

Stephen D. Tarr

Wyllys H. Taylor, Jr*

Joe P. Teague

Robert L. Tedoldi

M. Michael Teichman*

Robert A. Tewes

Neil D. Theriot

A. Richard Thiernau

Jeffrey E. Thol

Guy R. Thomas

Wayne E. Thomas

Arthur H. Thompson

William G. Thompson

Christopher G. Tobey

John O. Todd*

Louis J. Toia*

Daniel J. Toran*+

Dennis M. Travlos

Jeri L. Turley

Jack B. Turner

John S. Tuttle

Terry T. Uchida

Martin P. Umbach

Gary L. Vander Werff*+

Larry M. VandeVen, Jr.

William VanWinkle

John D. Varner


E. Hardy Vaughn, Jr.

David L. Vear*

Robert W. Verhille

Michael J. Vietri

Paul E. Vignone

Raymond Vitek, Jr.

Curtis J. Vrieland

Richard A. Wadsworth

Julius F. Wagner

Thomas G. Walder

William B. and Sallie B. Wallace

Stephanie A. Walsh

William T. Walsh*

Robert J. Waltos, Jr.

Susan D. Waring

Lamar Weaver

Robert F. Weaver

Thomas R. Weaver

Thomas L. and

Mariam Webb

Mark A. Weber

Richard M. Weber

Richard A. Wecker

Samuel H. Weese

Norbert A. Weisbeck

Earl L. Weiser

Sharon G. Welch-Blair

Calvin D. Welling

David F. West

Thomas B. Wheeler

James E. Whistler

Bernard R. Whitehill

N. Susan Whittington

Lawrence Wiener

Roger A. Wikstrom

Dale S. Williams, Jr.

Joseph P. Williams, Jr.

Harold L. Wilshinsky

Thomas J.* and Bette Wolff

Marshall I. Wolper*

Robert D. Wombwell, Jr.

Ronald I. Woodmansee

David F. Woods

James R. Worrell, Sr.

Charles R. Wright*

J. Lamar Wright

Richard L. Wright

Jimmy R. Youell

Joe D. Young*

Edmund L. Zalinski*

David G. Zick

Charles J. Zimmerman*

Freda J. Zimmerman

Stanley A. Zur*

Ameritas

New York Life Insurance Company

Boston Chapter S.F.S.P.

Greater Chicago Chapter S.F.S.P.

Society of Financial Service Professionals

* Deceased

+ Proceeds received during 2015

Trailblazer Maxine Niemeyer, MSM, MSFS, CLU®, ChFC®, died May 29, 2015. Niemeyer

entered the financial services field early in her working career. In 1964, at a time when

few women were part of the profession, she earned her CLU® designation from what is

now The American College of Financial Services. She rose quickly through the ranks of

Detroit’s Business & Estate Financial Coordinators, Inc., becoming a top producer and

then president. Niemeyer went on to serve for over 20 years as the Michigan brokerage

agency manager for Phoenix Mutual Life Insurance.

When the ChFC® designation was developed, Ms. Niemeyer was a student in one

of the first classes to earn that designation. She valued the singular education she

received at The College, as noted in her own words, “In the 70s, our country went

through tremendous problems caused by excessive inflation. The American College

of Financial Services helped me keep up with the subsequent economic changes by

creating and offering the ChFC® courses and designations... Our society is characterized

by a better informed consumer and a significantly more complex and competitive

financial environment. Now more than ever, the CLU® and ChFC® designations make a

difference!”

Maxine Niemeyer became the first woman elected to The American College of Financial

Services Board of Trustees in 1981. The trustees honored her in 1994 with the Solomon

S. Huebner Gold Medal, The College’s highest honor. Niemeyer also served as a leader

on several other boards and received well-deserved recognition over her long career in

the industry.

In Memoriam Maxine Niemeyer 1920 - 2015


$1,000,000 and More

New York Life Insurance Company and New York Life Foundation $500,000 to $999,999

Northwestern Mutual and Northwestern Mutual Foundation $250,000 to $499,999

MassMutual Financial Group $100,000 to $249,999

Metropolitan Life Insurance Company and MetLife Foundation

Prudential Financial and Prudential Foundation

Securian Financial Group, Inc. $50,000 to $99,999

Pacific Life Insurance Company and

Pacific Life Foundation

pactera

Saybrus Partners, Inc.

State Farm Companies Foundation $25,000 to $49,999

CNO Financial Group, Inc.

COUNTRY Financial

Lincoln Financial Group Foundation, Inc.

Nationwide Life Insurance Company and Nationwide Foundation

Ohio National Life Foundation

Penn Mutual Life Insurance Company

Scor Global Life Americas RE Company

Voya Foundation $10,000 to $24,999

Ernst & Young, LLP

First Command Educational Foundation

Intellect SEEC

Companies, Foundations and Other OrganizationsThe giving recognized below includes direct contributions as well as corporate matching gifts.

Life Quotes, Inc.

Mutual Of Omaha Insurance Company

NCS Pearson

RGA Reinsurance Company

Robert N. And Nancy A. Downey Foundation

Slayton Search Partners

The Guardian Life Insurance Company Of America

Thrivent Financial for Lutherans Foundation

Wells Fargo $5,000 to $9,999

Ameritas Life Insurance Corp

Bankers Life and Casualty Company

Foresters

Southern Farm Bureau Companies $1,000 to $4,999

Ameriprise Financial, Inc.

Charles Schwab & Company

NAIFA

The Ascension Group Less than $1,000

Aetna Foundation

Allstate Foundation

AXA Equitable Financial Services and AXA Foundation

Falling Water Financial Group, Inc.

Horton Financial Services, LLC

Kennedy Financial Services, Inc.

Morgan Stanley Smith Barney, LLC

Principal Financial Group Foundation

Utica National Life

Western & Southern Financial Foundation

Members of the Cary M. Maguire for Ethics in Financial Services

2015 Corporate Members

CNO Financial Group

Foresters

Guardian

John Hancock Insurance

M Financial Group

MetLife, Inc.

Northwestern Mutual

Principal Financial Group

Prudential

Securian Financial Group

State Farm

Thrivent Financial for Lutherans

TIAA-CREF Life Insurance Company

2015 Industry Fellow Members

Mullin Barens Sanford Financial

SilverStone Group


Board of Trustees 2015David M. Anderson TIAA-CREF Life Insurance Co.

Wendy A. Benson MassMutual Life Insurance Co.

Lee V. Bethel, CLU®, ChFC®, REBC®, RHU®, CAP®, ChHC® Comprehensive Benefit Services, Inc.

Christopher O. Blunt, CLU®, ChFC®, CAP® New York Life

James J. Carbone, MSFS, MSM, LUTCF®, CLU®, ChFC®, CLF® Principal Financial Group

Ron Carson, CFP®, ChFC® Carson Wealth Management Group

Edward W. Cassidy The Phoenix Companies

George I. Connolly, JD, CLU®, ChFC® Securian Financial Group

Susan M. Cooper, MSM, CFP®, CLU®, ChFC®, CAP® Penn Mutual Life Insurance Co.

Michael J. Corey MJC Ventures, Inc.

Ralph L. (Chip) Crews, CLU®, ChFC® Executive Consultant

J. Scott Davison, CLU®, ChFC® OneAmerica Financial Partners, Inc.

Michael Doughty John Hancock Insurance

Caroline Feeney, CLU®, ChFC® The Prudential Insurance Co. of America

Anthony M. Garcia Foresters

Campbell T. Gerrish, MSFS, CLU®, ChFC® Winged Keel Group

Peter A. Golato, CLU®, ChFC® Nationwide Financial

Randall H. Harbert, CLU® State Farm Insurance Companies

Thomas H. Harris, CLU®, ChFC® Penn Mutual Life Insurance Co.

Salene Hitchcock-Gear, JD Ameritas Investment Corp.

Gary T. “Doc” Huffman, CLU®, ChFC® Vice Chair Ohio National Financial Services

Robert R. Johnson, PhD, CFA®, CAIA® (Ex officio) The American College of Financial Services

Fred H. Jonske, FSA Life Trustee M Financial Group

Paul A. LaPiana, CFP® MetLife Premier Client Group

Anne Long Long Consulting Group

Eugene F. LoVasco, JD, CPA, CLU® (Ex officio) LoVasco Consulting Group

James J. Meehan, MSM Corporate Secretary 1847Financial

James A. Mitchell, CLU®, ChFC® Retired IDS Life Insurance Company

Linda S. Need, MSFS, FSA, CFP, CFA®, CAP® Chair Wells Fargo Insurance Services USA, Inc.

Scott R. Perry CNO Financial Group, Inc.

Robert B. Plybon, CLU®, ChFC® Life Trustee Plybon & Associates, Inc.

Phillip C. Richards, CLU®, RHU®, CFP North Star Resources Group

Albert J. “Bud” Schiff, CLU®, CAP® Life Trustee Alvarez & Marsal Executive Compensation & Benefits

Todd M. Schoon, JD, CLU®, ChFC® (Ex officio) Northwestern Mutual Life Insurance Co.

Robert D. Shapiro, CLU® The Shapiro Network, Inc.

Frederick J. Sievert, MSM Life Trustee Retired — New York Life Insurance Co.

Jon S. Stenberg, ChFC® RiverSource Insurance

Thomas P. Tooley, CLU®, ChFC® Lincoln Financial Distributors, Inc.


Leo C. Tucker, CLU® The Washington Group

Tina M. Valenzuela, JD Charles Schwab & Co.

Mary A. Weiss, PhD Fox School of Business, Temple University

Robert J. Wernecke, CLU® ECA Financial Services, Inc.

Doyle J. Williams, CLU®, ChFC® COUNTRY Financial

2015 Foundation Board of DirectorsDebra Boblitt, CLF® — Board Secretary State Farm Insurance

Peter C. Browne, LUTCF® PRB Wealth Management

Andrew J. Bucklee, CFP®, CLU®, ChFC® Lincoln Financial Distributors

Howard B. Cowan, CLU®, ChFC® Cowan Financial Group

Charles T. Cronin, III, CLU®, CAP® (Ex officio) The American College of Financial Services

Michael C. Davidson, MSM, CLU®, CAP® Retired — State Farm Insurance

Neal R. Fegely, CPA (Ex officio) The American College of Financial Services

Harris S. Fishman, CLU®, ChFC® First Financial Group

R. David Fritz, Jr., CLU® Executive Benefits Network

Michael V. James Partners Financial

Robert R. Johnson, PhD, CFA®, CAIA® (Ex Officio) The American College of Financial Services

Rodger K. Johnson, MSFS, CLU®, ChFC®, CAP® Johnson Financial Group

Joseph W. Jordan

Arnold M. Katz, CLU® AMK Concepts, Inc.

Kelly Kidwell, LUTCF®, CLU®, ChFC® Pacific Advisors, Inc.

Arthur D. Kraus, CLU®, ChFC®, CAP® Capital Intelligence Associates, Inc.

Leon L. Levy, CLU® Leon L. Levy & Associates

Richard A. Liddy, CLU® Retired — General American Life Insurance Company

Ronald E. Long, CLU®, ChFC® — Treasurer Sharebridge Private Equity Consolidated

Eugene F. LoVasco, JD, CLU®, CPA

Chair LoVasco Consulting Group

Linda S. Need, CFP®, CFA®, CAP®, MSFS (Ex officio) Wells Fargo Insurance Services, USA, Inc.

Reginald N. Rabjohns, CLU®, ChFC® Secure Futures, Rabjohns Financial Group

Michael Rosenzweig, CLU®, ChFC® Vice Chair Rosenzweig Financial Services

Albert J. (Bud) Schiff, CLU®, CAP® Alvarez & Marsal – Executive Compensation & Benefits

Mike Scovel, MSM, CLU®, ChFC® New York Life Insurance Company

Joel A. Shapiro, CLU®, ChFC®, MSFS Bartmon, Shapiro and Associates, Inc.

Joseph Sparacio, LUTCF®, CLU®, CLF® MassMutual Financial Group

E. Hardy Vaughn, Jr., MSFS, CLU®, ChFC®, CAP® The Vaughn Group, Inc.

Paul E. Vignone, JD, CLU®, ChFC® The Penn Mutual Life Insurance Company

John G. Wells, CPA (Ex officio) The American College of Financial Services


2015 Alumni Association Board Of Advisors

Emeritus Alumni Association Board Members

Kevin Baldwin, CLU®, ChFC®, CAP® One American Securities

Jeffrey S. Barton, MSM, CLU®, ChFC® State Farm Insurance

Matthew Berger, CLF®

Jerry Borrowman, MSFS, CLU®, ChFC®, LUTCF, CAP® Penn Mutual

Heather Davis, JD, CLU®, ChFC® AEP® New York Life

Steven D. Earhart, CFP®, MSFS, CLU®, ChFC® Devon Financial Partners, LLC

Jason Early, ChFC® Hoopis Performance Network

Robert A. Faingold, MSM, CLF® Ameritas

Harris S. Fishman, CLU®, ChFC® First Financial Group

Diane Hack Gould, CLU®, ChFC®, CAP®, MSFS D.H. Gould Company

Peter Hoopis, CLU®, ChFC®, CLF® Hoopis Financial Group

Jerry Borrowman, MSFS, CLU®, ChFC®, LUTCF, CAP®

John J. Rocco, MSFS, CLU®

Jayne N. Schiff, CLU®, ChFC®, REBC®, CAP®

Robert R. Johnson, PhD, CFA®, CAIA® (Ex officio) The American College of Financial Services

Lynnette Muleady, MSM, CLU® State Farm Insurance

James A. Petersen, MSFS, CFP®, CLU®, ChFC®, CASL®, CLF®, AEP First Command Financial Services, Inc.

Lucas Quaccia, CLU® ChFC®, CLF® New York Life

John J. Rocco, MSFS, CLU® Rocco Financial Group

Michael Rosenzweig, CLU®, ChFC®, AEP Rosenzweig Financial Services

Jayne N. Schiff, CLU®, ChFC®, REBC®, CAP® Schiff Benefits Group

Michael Scovel, MSM, CLU®, ChFC® New York Life Ins. Co.

Stephen C. Target, CLU® ChFC® 1847Financial

Brian S. Brown, CLU®, ChFC®

Jarrett L. Davis, III, CLU®

Louis P. DiCerbo, II, LUTCF®, CLU®, ChFC®

Lee M. Gammill, Jr., CLU®

Emeritus Foundation Board MembersGloria LaGrassa, CLU®, ChFC®

James A. Mitchell, CLU®, ChFC®

Thomas J. O’Haren, CLU®, ChFC®

William B. Wallace, CLU®, ChFC®, CAP®


2015 FINANCIAL PERFORMANCE

Financial information in the Revenue and Expense graphics on this page is based

on preliminary, unaudited data from January 1, 2015 to December 31, 2015. All

other graphics are based on the corresponding years’ annual audits. The Total

Charitable Gifts and Pledges bar chart represents contributions on a Generally

Accepted Accounting Principles basis.

2015 REVENUE SOURCES

$2,000,000

2011 2012 2013 2014 2015

$0

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

TOTAL CHARITABLE GIFTS AND PLEDGES

Gifts/Pledges

GAAP

$50,000,000

$45,000,000

$40,000,000

$35,000,000

$30,000,000

$25,000,000

$20,000,000

$15,000,000

$10,000,000

$5,000,000

$0

2013 2014 201520122011

REVENUE SOURCES 2011-2015

Educational Fees and Services

Contributions

Investment and Other

Occupancy costs (Including Depreciation)

Academic and General and Administrative

Salaries and Benefits

2015 EXPENSE COMPOSITION

54%

8%

38%

Student Fees

Contributions

Investment and Other Income

72%

21%

7%

270 SOUTH BRYN MAWR AVENUE, BRYN MAWR, PA 19010

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