Bloomsburg University Foundation
Pennsylvania State System of Higher Education Board of Governors Kenneth M. Jarin, Chairman Aaron Walton, Vice Chair C.R. “Chuck” Pennoni, Vice Chair Rep. Matthew E. Baker Marie Conley Lammando Paul S. Dlugolecki Thomas L. Gluck Rep. Michael K. Hanna Sen. Vincent J. Hughes Jamie Lutz Jonathan B. Mack Joseph F. McGinn Sen. Jeffrey E. Piccola Gov. Edward G. Rendell Harold C. Shields Thomas M. Sweitzer Christine J.Toretti Mackenzie Marie Wrobel
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Annual Report 2009-2010
Foundation Balance Sheet and Income Statement Assets Cash & Cash Equivalents Unconditional Pledges Investments Assets Charitable Trusts Property & Equipment Land held for development CSV of Insurance Policies
$ 959,534 863,197 11,383,042 651,500 577,630 1,227,937 107,466 Total Assets $ 15,770,306
Liabilities & Net Assets Security Deposits Annuities Due Note Payable to Bloomsburg University Long Term Debt Total Liabilities Net Assets
$ 3,600 619,826 99,059 210,720 $ 933,205 $ 14,837,101 Total Liabilities & Assets $ 15,770,306
John Cavanaugh, Chancellor
Bloomsburg University of Pennsylvania Council of Trustees Robert Dampman, chairman Charles C. Housenick, vice chairman Marie Conley Lammando, secretary Ramona H. Alley LaRoy G. Davis David W. Klingerman Sr. Dr. Joseph J. Mowad Nancy Vasta Patrick Wilson Raylene Brill, student John Cavanaugh, ex-officio
Income Statement Sources of Income Contributions Gain on Investments Investment Expense ($ 19,902) Investment Income Change in present value of split interest agreements Rents & royalties Program Activities Total Revenue Expenses Scholarships Other Projects Alumni Support Academic Athletic Library Administrative
$ 3,032,205 1,049,861 246,430 109,159 75,255 129,171 $ 4,642,081
$ 786,883 358,362 163,024 143,301 37,274 8,449 24,068 $ 1,521,361
Management & General 582,042 Bloomsburg University provided in kind services ($151,914) Fundraising 356,302 Total Expense $ 2,459,705
Giving Reflects the 2009-2010 Fiscal Year — July 1, 2009 to June 30, 2010