Fundraising and Financial Highlights
Year in Review 2012 $2.74
Total Net Assets as of Fiscal Year End
Dollars Raised by Fiscal Year
(June 30, 2012) in Millions
(July 1 - June 30) in Millions
$17.4 $17.2
$1.66 $1.50 $1.52
$1.45
$14.4
$13.5
$11.7
’08
’09
’10
Sources of Support for New Gifts and Commitments Fiscal Year 2012 $1,549,479
’11
’12
’08
’10
’11
’12
Corporations 26% $396,228
Friends 25% $390,208
Faculty/Staff 4% $62,721
Alumni 23% $361,118
Distribution of New Gifts and Commitments Fiscal Year 2012 $1,549,479
’09
Looking Ahead The forecasts for 2013, including the S&P 500 and emerging markets, are generally optimistic. Prospects of another recession seem slim as the U.S. economy continues to expand, albeit at a moderate pace. Global economic data points toward modest continued growth in the world economy. Timothy Hopper, chief economist, TIAACREF, New York, states he is “. . . positive on corporate earnings in 2013 and we think the effect of growth at the consumer level . . . will provide that fundamental underpinning for earnings growth . . . and for stock price appreciation.” The biggest risks facing investors appears to be from the “European sovereign debt crisis . . .”
Foundations 22% $339,204
Programmatic 63% $971,058 University Support 9% $141,872 Endowment 28% $436,549
U.S. economic growth pulled back in the second quarter of 2012 as consumer spending slowed. However, the U.S. jobs market report was better than expected, and by July the financial markets rallied. At the close of the Foundation’s fiscal year on June 30, fundraising results significantly exceeded our estimates, ending at $1.52 million. The Foundation’s net assets remained in line with the prior year at over $17 million, as did the market value of the endowments, which totaled $13.7 million.
As always, the Foundation’s objectives are to increase the resources available for scholarships and programmatic initiatives. The combination of investment portfolio earnings in a generally positive economic environment and Southern constituents’ generous gifts should provide strong support for the university in 2013.
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