University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents • November 30, 2012 1 University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents November 30, 2012 Meeting the Mission Incorporated in 1981 the University of Nevada, Reno Foundation (Foundation) was established to raise and manage funds that support the academic and administrative programs of the University of Nevada, Reno, while respecting the philanthropic intentions of its thousands of donors. The University of Nevada, Reno continues its upward trend of attracting a record number of students to campus. The University welcomed 18,227 undergraduate and graduate students to campus this fall, reflecting a 1 percent increase over the fall 2011 enrollment of 18,004 students. The University also welcomed 185 Presidential Scholars and 16 new National Merit Scholars for a total of 47 National Merit Scholars on campus. The projected freshman retention rate is also rising from 78 to 79 percent. In 2012, the University celebrated the opening of the Nevada Living Learning Community and inaugurated President Marc A. Johnson, Nevada’s 16th president. In addition, the Foundation continued its role in fundraising for the expansion of the University’s world-renowned earthquake simulation lab. Thanks to a grant from the Donald W. Reynolds Foundation, the School of Journalism completed renovation of its building to become a state-of-the-art, multi-media center for the University’s journalism students. The University of Nevada, Reno Foundation met the Reynolds endowment challenge through raising $1.6 million of endowment funds to support ongoing technological upgrades in the Reynolds School. The Foundation also received generous support from Jennifer and Philip Satre through the Community Foundation of Western Nevada which provided $5 million for medical research, the College of Education and athletics. Finally, U.S. News and World Report issued its annual “best colleges” rankings and the University of Nevada, Reno is again in the top tier of “best national universities.” The rankings include a separate listing of the “top public schools” and the University is ranked at number 108. Schools in the “best national universities” category offer a full range of undergraduate majors, masters and doctoral degrees and are committed to a productive research program. Fiduciary Responsibility The Foundation takes its fiduciary responsibility quite seriously. The Board retained the services of Grant Thornton to perform an independent audit of the Foundation, which is included in the Regents’ materials. The Foundation continues to be a good steward of its funds and is pleased that the auditors provided an unqualified opinion of the financial statements and have not offered a management letter. The Donald W. Reynolds School of Journalism and Center for Advanced Media Studies recently underwent a $7.9 million renovation to ensure that Reynolds School graduates have access to cutting-edge technology in preparation for communications careers in the digital age. Photos by Jeff Dow (UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 1 of 24
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University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents • November 30, 2012 1
University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents November 30, 2012Meeting the Mission Incorporated in 1981 the University of Nevada, Reno Foundation (Foundation) was established to raise and manage funds that support the academic and administrative programs of the University of Nevada, Reno, while respecting the philanthropic intentions of its thousands of donors.
The University of Nevada, Reno continues its upward trend of attracting a record number of students to campus. The University welcomed 18,227 undergraduate and graduate students to campus this fall, reflecting a 1 percent increase over the fall 2011 enrollment of 18,004 students. The University also welcomed 185 Presidential Scholars and 16 new National Merit Scholars for a total of 47 National Merit Scholars on campus. The projected freshman retention rate is also rising from 78 to 79 percent.
In 2012, the University celebrated the opening of the Nevada Living Learning Community and inaugurated President Marc A. Johnson, Nevada’s 16th president. In addition, the Foundation continued its role in fundraising for the expansion of the University’s world-renowned earthquake simulation lab. Thanks to a grant from the Donald W. Reynolds Foundation, the School of Journalism completed renovation of its building to become a state-of-the-art, multi-media center for the University’s journalism students. The University of Nevada, Reno Foundation met the Reynolds endowment challenge through raising $1.6 million of endowment funds to support ongoing technological upgrades in the Reynolds School. The Foundation also received generous support from Jennifer and Philip Satre through the Community Foundation of Western Nevada which provided $5 million for medical research, the College of Education and athletics.
Finally, U.S. News and World Report issued its annual “best colleges” rankings and the University of Nevada, Reno is again in the top tier of “best national universities.” The rankings include a separate listing of the “top public schools” and the University is ranked at number 108. Schools in the “best national universities” category offer a full range of undergraduate majors, masters and doctoral degrees and are committed to a productive research program.
Fiduciary Responsibility The Foundation takes its fiduciary responsibility quite seriously. The Board retained the services of Grant Thornton to perform an independent audit of the Foundation, which is included in the Regents’ materials. The Foundation continues to be a good steward of its funds and is pleased that the auditors provided an unqualified opinion of the financial statements and have not offered a management letter.
The Donald W. Reynolds School of Journalism and Center for Advanced Media Studies recently underwent a $7.9 million renovation to ensure that Reynolds School graduates have accessto cutting-edge technology in preparation for communications careers in the digital age.
Phot
os by
Jeff D
ow
(UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 1 of 24
University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents • November 30, 2012 2
Gift Report For the year ending June 30, 2012 (FY 12), the University of Nevada, Reno raised $22,458,643 in new cash, stocks, gifts-in-kind, and pledges. This amount includes $21,720,017 raised through the Foundation, $304,035 through Athletics Association, University of Nevada (AAUN), and $434,591 through the Board of Regents. In FY 11, the University raised more than $19 million. The number of donors increased by 8 percent from 9,176 in FY 11 to 10,025 in FY 12.
Gift Report – Sources of Giving FY 12 *Includes giving for UNR Foundation, AAUN and Board of Regents
Alumni $2,413,462 Corporations/Business/Organization $4,282,983 Foundations $10,947,132 Faculty & Staff $316,103 Friends $2,525,512 Estate/Trust $1,767,462 Other $205,989 Total $22,458,643
University of Nevada, Reno Total Gift Revenue*includes current cash gifts, current pledges, prior pledge payments for UNR Foundation, AAUN, and Board of Regents
Athletics $4,771,884 College of Agriculture and Biotechnology $173,641 College of Business $1,961,694 College of Education $2,252,288 College of Engineering $768,315 College of Extended Studies $63,124 College of Liberal Arts $952,283 College of Science $2,248,651 Division of Health Sciences $6,445,554 Nevada Cooperative Extension $156,769 Restricted Endowments, Scholarships $812,761 Reynolds School of Journalism $349,760 Student Services, Library & Other Programs $987,617 Unrestricted Foundation Gifts $514,302 Total $22,458,643
University of Nevada, Reno Foundation Ten-Year Giving HistoryComparison of University of Nevada, Reno Foundation giving and total University giving
(UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 2 of 24
University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents • November 30, 2012 3
148,556,483
129,174,661
148,247,803
167,416,820
174,387,041
FY08 FY09 FY10FY10
FY12
$200M
$150M
$100M
$50M
$0M
44449496
56827788
66087584
82288024
105600000
106755909
84515931
93131868
110,303,372
117,638,641
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$120M
$100M
$80M
$60M
$40M
$20M
$10M
Financial Performance The Foundation’s assets increased to more than $174 million as of June 30, 2012, a rise of +4.2 percent. By comparison, Foundation assets were more than $167 million as of June 30, 2011. This increase comes mainly from contributions and an improvement in investment income.
UNR Foundation Assets (Comparison FY 08 – FY 12)
Endowment Performance The University of Nevada, Reno Foundation’s endowment returned a +5.13* percent in FY 12, compared to the benchmark policy index of 4.63 percent, S & P 500 for the same time period of +5.44 percent, the MSCI All Country World ex-U.S. Equity Index of -14.56 percent, and the Barclay’s Bond Aggregate of +7.48 percent. The Foundation invested $3.54 million in new gift investments into the endowment. The net result was that the Foundation endowment increased in value by 6 percent from $110 million in June 30, 2011 to more than $117 million in June 30, 2012.
* The reporting numbers use March 31, 2012 market values for the non-marketable investments. This reporting standard was agreed upon by the NSHE Chancellor’s office.
University of Nevada, Reno Foundation Permanently Restricted and Quasi-Endowments (2003 – 2012)
(UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 3 of 24
University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents • November 30, 2012 4
$5,542,196
$8,941,991
$2,020,742
51.2%University Programs
39.7%Capital Projects
9.1%University
Scholarships
Program Support Of greatest significance to the Foundation is the support it provides to the University. The Foundation provided more than $18 million of program support to the University in FY 12, compared to more than $16.5 million in FY 11.
Program Support – Use of Gifts FY 12Capital Projects $7,380,899
University Programs $9,507,558
University Scholarships $1,683,646
Total $18,572,103
(UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 4 of 24
University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents • November 30, 2012 5
Board of Trustee Candidates The Foundation continues in its efforts to cultivate strong Trustee candidates. This year it successfully attracted a class of incoming Trustees who will live up to the standards outlined in the Foundation’s Trustee giving policy and within the fiduciary responsibility of the Board.
The Board of Trustees of the University of Nevada, Reno Foundation unanimously approved the following appointments and has requested that the following individuals be appointed as new Trustees for the terms 2013-14.
1. Susan Anderson 2. Dean Byrne 3. Ken Creighton 4. Sara Lafrance 5. Ron Parratt 6. Jeff Resnik 7. Mary Simmons 8. Scott Voeller 9. Tom Witter
The Board of Trustees of the University of Nevada, Reno Foundation unanimously approved the following appointments and has requested that the following individuals be reappointed for additional terms in 2013-14.
Second Term1. Bob Armstrong 2. Annette Bidart 3. Brett Coleman 4. Stuart Engs 5. Dr. William Evans 6. Mark Lipparelli 7. Dan Rovig 8. Mary Ellen Smith 9. Ellen Whittemore
The Board of Trustees of the University of Nevada, Reno Foundation unanimously approved the following appointments and has recommeded that the slate of officers for its 2013 Executive Committee be as follows:
1. Felicia O’Carroll, Chair 2. Brett Coleman, Chair-Elect 3. Bob Armstrong, Vice Chair, Investment 4. Randy Brown, Vice Chair, Programs and Special Events 5. Steve Johnson, Vice Chair, Audit and Finance 6. Paul Mathews, Vice Chair, Nominating 7. Gene McClelland, Vice Chair, Development 8. Terrance Oliver, Vice Chair, Public Affairs and Advocacy 9. Gerald C. Smith, Vice Chair, Planning and Governance 10. Deane Albright, Member-at-Large 11. Annette Bidart, Member-at-Large 12. Thomas J. Hall, Immediate Past Chair
The Board of Trustees of the University of Nevada, Reno Foundation unanimously approved the following appointments and has recommended that the following individuals receive Trustee Emeritus status:
1. Kathy Garcia 2. Thomas J. Hall 3. Mike Klaich 4. Ronald R. Zideck
Third Term1. Paul Mathews 2. Kevin McArthur 3. Monte Miller
(UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 5 of 24
University of Nevada, Reno Foundation
Restricted Gifts to
The University of Nevada, Reno
for the year ended June 30, 2012
Schedule of University Capital Gifts
Academic and Athletic Performance Complex $300,000
College of Education Building Fund 15,144
Davidson Math and Science Center 95,000
Morrill Hall Endowment Earnings Account 27,839
Redfield Renewable Energy Program 271
RSJ & Center for Advance Media Studies Building 6,429,699
School of the Arts Building Campaign 12,000
Thelma B & Thomas P. Hart Ctr for Community Wellness & Sport 100,000
Whittemore Peterson Institute for Neuro-Immune Disease 400,946
Grand Total of University Capital Gifts $7,380,899
Schedule of University Program Gifts
4-H Foundation Account $250
Academic Affairs Honors Program 245
Accounting Information System Department 1,103
Adm. Robert L.J. Long Memorial Account 11,497
Admissions and Student Affairs General Account 1,453
Adriano B. Lucatelli International Education Internship 4,189
Alan Bible Endowment for Teaching Excellence Award 5,685
All Steinway School 115,000
Alumni Association's Northeastern NV Chapter 1
Alumni Association's Southern NV Chapter 21,655
Alumni Class Endowment 1,931
Anatomy Lab 10,822
Annual Science Fair 5,598
Anthropology Department 500
Arboretum Board Fund 1,914
Arentz Student Center Endowed 598
Art Department Development Account 10,000
Arthur Brant Endowed Chair of Geophysics 1,011
ASCE/AGC Student Chapter 7,793
Asian American Pacific Islander Alumni Chapter 700
ASME Human-Powered Vehicle Group (1,006)
Assistive Technology 176
ASUN Club Account 68,836
Athletic Football Alumni 46,771
Barone - Reading Teacher 5,547
Barrick Visiting Professorship 51,792
Basketball Seat Premium 529,174
Basketball Ticket Sales 32,526
Basque Studies Quasi End Spendable 76,878
Benna Endowment for Excellence Earnings Account 8,400
1 of 19(UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 6 of 24
University of Nevada, Reno Foundation
Restricted Gifts to
The University of Nevada, Reno
for the year ended June 30, 2012
Berch Berberoglu Gift Account 613
Beth & Jon Price ThinkQuest Fund Endowed 199
Bidart Family Basque Studies 21
Bidart-Begona Echeverria 5,648
Black Alumni Chapter 701
Black Rock Press Account 17,145
Blitz Dinner 9,550
Blue Tie Ball 176,112
Bootstrap Gift Account (6,600)
Bridge Paper Competition 1,498
Brown Rose Garden 120
Business Environmental Program 822
Business Student Success Center 13,960
CABNR Cancer Research 18,952
CABNR General Fund 6,380
Campus Child Care Connections 58,432
Career Services & Alumni Relations 4,575
Carol Litster Annuity 1,383
Carson City 4-H Gift Account 55
Catherine Smith Lecture(s) 1,600
Center Alumni Chapter 150
Center for Learning and Literacy Building 4,900
Center for Logistics Management 156
CFRC 11th Street Renovation 110
CFT Professorship in Metallurgical & Materials 577
Charitable Trust Fund 19,413
Charles and Mary Merdinger Charitable Gift Annuity 875
Charlton Family Fund For Excellence Endowed 41
Cheerleaders and Dancers Alumni Chapter 12
Chef for Kid's Program 69,194
Chemical and Metallurgical Engineering Gift 672
Chemistry Department 4,881
Childrens Heart Center - Nevada Pediatric Faculty Dev & Rsch 1,996
China Environmental & Community Health Analysis Graduate Assistantship 19,237
Choices & Challenges Program 779
Civil Engineering Department 9,355
Class of 1967 Endowment Challenge 6
Class of 1968 Endowment Challenge 6
Class of 1972 Endowment Challenge 2
Class of 1980 Endowment Challenge 1
Class of 1983 Endowment Challenge 7
Class of 1996 Endowment Challenge 2
Class of 2000 Endowment Challenge 2
Class of 2005 Endowment Challenge 1
Classified Staff Development Fund 1,524
Cleft Palate Kids 3,760
COBAAA Alumni Association Operating Account 17,406
2 of 19(UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 7 of 24
University of Nevada, Reno Foundation
Restricted Gifts to
The University of Nevada, Reno
for the year ended June 30, 2012
Cole Campbell Memorial 464
College of Agriculture Alumni Annual 22
College of Business Administration General 14,474
College of Business Annual 79
College of Business Career Services Endowed 3,659
College of Business Dean's Fund for Excellence 15,426
College of Business Students in Free Enterprise 7,476
College of Education Annual 48
College of Education General Fund 12,116
College of Engineering Annual 36
College of Engineering Communications 10,511
College of Health and Human Sciences Annual 0
College of Liberal Arts Annual 60
College of Liberal Arts Fund for Excellence 13,843
College of Liberal Arts General Fund 29,642
College of Liberal Arts Host Account 6,094
College of Liberal Arts Redfield Proscenium Theater Renovation 1,836
College of Science No Boundaries 17,782
Communications Studies Host 97
Community Health Sciences Advisory Board 1,279
Computer Science 4,843
Computer Science - Yuksel 4,371
Computer Science Competiiton - Bently of Nevada 1,556
Conservation Biology Research 18
Corporate Partners College of Engineering 1,088
Corporate Partners Program 36,305
Criminal Justice Department 9
Crowley Visiting Poet 800
Cycling Team 13,915
Dale Holcombe's Teaching/Host Account 348
Dana Davis Endowed Award 2,036
Dance Gift Account 13
Dante Club Research Award Endowment 1,500
David & Penny Haas Annuity 607
Davidson Math and Science Center 25
Dean Burkin's Pharmacology Research Gift 8,763
Dean Future Scholars A T & T Foundation 46,225
Dean Vernon and Martha Scheid Award 1,000
Dean's Associates in Journalism 6,641
Dean's Council 28,001
Dean's Fund for Excellence 23,107
Dean's Future Scholars Program 151,391
Debate Team 582
Department of Electrical & Biomedical Engineering 11,575
Desert Tortoises Research 6,971
Dick Joseph Memorial Development Fund 2,100
Division of Health Sciences General Fund 5
3 of 19(UNR FOUNDATION 11/30/12) Ref. UNR-2, Page 8 of 24
University of Nevada, Reno Foundation
Restricted Gifts to
The University of Nevada, Reno
for the year ended June 30, 2012
Don Yardley Endowed Fund in Economic Geology 19,542
Donald & Lempi Reed Graduate Student Assistantship 7,978
Donald C. Kitselman Endowed Earnings Account 12,371
Donald W. Reynolds Endowed Chair in Business Journalism 88,812
Donald W. Reynolds Endowed Chair in New Media Technologies (10,310)
Donna Anderson Endowed Professorship 2,800
Dr David Thain Account 168
Dr. Kwang Kim Research Account 2,811
Dr. Marie Nyswander and Margaret Manson Memorial Fund 34,781
Dr's. Mousel & Feltner Endowed Award for Excellence 1,037
DWR Chair in Ethics of Entrepreneurial & Innovative Endow 70,248
E.L. Cord COB Account 58,301
E.L. Cord Foundarion Center for Learning and Literacy 6,667