2010–2011 UNC Asheville
annualreport
Dear Friends, On behalf of the UNC Asheville community, I want to share my deep gratitude for your support. Through the generosity of our alumni, parents and friends—our university continues to succeed in our goal of setting the standard for excellence among liberal arts institutions. Your selfless contributions have provided more than $2.7 million in gifts this past year, and our endowment now stands at more than $27 million. These gifts are critical to UNC Asheville’s continued success, now and in the future. And thanks to you, we are succeeding in so many ways. This year, the university proudly celebrated the opening of the Wilma M. Sherrill Center, home to the N.C. Center for Health & Wellness, the 3,800seat Kimmel Arena and offices and classrooms for the faculty and students of the Health and Wellness Department—UNC Asheville’s fastestgrowing major. The Sherrill Center, and all that it makes possible, places UNC Asheville as a leader of statewide health and wellness initiatives while complementing the work of our faculty, staff, undergraduate researchers and community partners. Many of you were with us when the UNC Asheville Bulldogs hosted UNC Chapel Hill Tar Heels for the season opener in the Kimmel Arena in November; it was a proud moment for all of us.
UNC ASHEVILLE Anne Ponder Chancellor Jane K.Fernandes Provost and Vice Chancellor for Academic Affairs William K. Haggard Vice Chancellor for Student Affairs
The strength of the university’s liberal arts curriculum—and the value of its affordability— continues to be widely recognized in the college rankings from nationally respected organizations such as Princeton Review, Fiske Guide to Colleges, U.S. News and World Report, and Kiplinger’s Personal Finance Magazine. According to the Collegiate Learning Assessment (CLA) study, which measures the value added of hundreds of universities from the freshman to senior year, our university’s seniors outperformed 95 percent of seniors from 1,500 other universities. This data verifies what we have known all along: That UNC Asheville students are well-prepared to become the innovators and leaders of our businesses, institutions and communities. With your help, we can continue to prepare UNC Asheville students to create the future of our nation, by challenging them with an interdisciplinary education—one that develops their abilities to understand multiple perspectives, think critically, and lead the way. Through your support, the university will have a strong financial foundation to provide exceptional learning opportunities to the state’s most promising students. Sincerely, Anne Ponder, Chancellor
seniorstaff John Pierce Vice Chancellor for Finance and Operations Janet Cone Senior Administrator for University Enterprises and Director of Athletics
2 UNC ASHEVILLE 2010 –11 ANNUAL REPORT
Christine Riley Chief of Staff Lucien “Skip” Capone University General Counsel
boards
2 010 –11
John M. Blackburn Linville
Dudley E. Flood Raleigh
Franklin E. McCain Charlotte
board of governors
Peaches Gunter Blank Nashville, Tenn.
Paul Fulton Winston-Salem
Charles H. Mercer Jr. Raleigh
R. Steve Bowden Greensboro
Ann B. Goodnight Cary
Fred G. Mills Raleigh
Hannah D. Gage Chair Wilmington
Laura W. Buffaloe Roanoke Rapids
Clarice Cato Goodyear Charlotte
Burley B. Mitchell Jr. Raleigh
Frank Daniels Jr. Raleigh
Charles A. Hayes Raleigh
Marshall B. Pitts Jr. Fayetteville
Bill Daughtridge Jr. Rocky Mount
James E. Holshouser Jr. (emeritus) Southern Pines
Irvin A. Roseman Wilmington
VO L U N TA R Y & A DV I S O R Y THE UNIVERSITY OF NORTH CAROLINA
Peter D. Hans Vice Chair Raleigh Estelle “Bunny” Sanders Secretary Roper
Walter C. Davenport Raleigh
Adelaide Daniels Key Asheville
Priscilla P. Taylor Chapel Hill
G. Leroy Lail Hickory
J. Bradley Wilson (emeritus) Durham
Ronald C. Leatherwood Waynesville
David W. Young Asheville
Al Davis Asheville
David Hammett Fairview
Daniel Scannell Asheville
board of directors
Bob Davis Arden
Harry Harrison Asheville
J.W. Davis Asheville
John Kelso Asheville
John Stevens (Faculty Representative) Asheville
James W. Hegglund Chair Asheville
Charles Frederick Asheville
John Kimberly Asheville
Courtney Galatioto ’12 (Student Government Representative) Asheville
Craig Madison Fairview Kelly Miller Asheville
Rob Tatum (Faculty Representative) Asheville
Mark Gibney (Faculty Representative) Asheville
George Morosani Asheville
Frosene Zeis Asheville
Sally Mundt Asheville
Ex-Officio
Brent D. Barringer Cary Atul C. Bhula (ex officio) Raleigh
UNC ASHEVILLE FOUNDATION INC.
Charles H. Wood Jr. Associate Chair Asheville Michael Andry Asheville Douglas Bailey Asheville Martha Boyd Asheville William Boyum Asheville Guadalupe Chavarria Asheville
John W. Davis III Winston-Salem James M. Deal Jr. Boone Phillip R. Dixon Greenville
Dianna B. Goodman Asheville George Goosmann III Biltmore Forest Alan Grant Asheville
Charles Nesbitt Asheville Shon Norris Asheville
Ronald Storto Asheville David Sweatt Asheville
Anne Ponder, Chancellor John Pierce, Vice Chancellor for Finance & Operations
Kenneth Partin Asheville
2010 –11 ANNUAL REPORT UNC ASHEVILLE 3
VO L U N TA R Y & A DV I S O R Y UNC ASHEVILLE
board of trustees
James R. Buckner ’71 Chair Suwanee, Ga. Nathan Ramsey ’89 Vice Chair Fairview
NATIONAL
parents council Allison Brandy and David Scruggs Co-Chairs Winston-Salem Becky Doyle Asheville Ragan Folan and Mcdara P. Folan, III Winston Salem
Audrey Byrd Mosley ’74 Secretary Washington, D.C. Philip G. Carson Asheville David Cogburn, M.D. ’77 Asheville Joseph Damore Pawley’s Island, S.C.
Marilyn Foote-Hudson and Orlando Hudson Durham Carla and David Greenfield Pittsburgh, Penn. José-Marie Griffiths and Don King Chapel Hill
boards Courtney Galatioto ’12 (Student Government Association President) Asheville
Pat Smith Asheville
Sue H. McClinton Asheville
Pamela M. Turner Asheville
Virgil L. Smith Arden
Douglas Orr Jr. Black Mountain Bruce Peterson Fletcher
Lisa Morse Asheville
Ex-Officio
Lydia and Baker Ndugga Chapel Hill
William K.Haggard, Vice Chancellor for Students Affairs
Obiageli and Joel Okoli Snellsville, Ga. Maria U. Palmer Chapel Hill
Lisa Isenhour Hickory
Pam and King Prather Cary
Joyce Watkins King and Gary King Raleigh
Robin and Michael Smith Chapel Hill
Kip Meadows Raleigh
2 010 –11
Jamie and Joseph Young Morganton
Anne Ponder, Chancellor
Kimberly Newsome, Associate Vice-Chancellor for Student Affairs Mary Chakales, Director of Special Programs Julie Heinitsh, Director of Development
Joseph M. Beckert ’88 Charlotte
Tarik Glenn ’06 Asheville
Ex-Officio
Jason L. Boyles ’01 Charlotte
Steve A. Green ’01 Asheville
Kevan D. Frazier ’92, Alumni Director
Athena Fox Brooks ’88 Fletcher
Neal D. Rhoades ’86 Raleigh
Ann Cagle ’86 Rock Hill, S.C.
Betty Jones Seifert ’83 Cornelius
Derek J. Allen ’93 Asheville
R. Wiley Cash ’00 Bethany, W.Va.
Myra Sims ’81 Abingdon, Va.
Tiffany Armstrong ’99 Garner
Jasmin M. Gentling ’99 Asheville
B. Smith Thomas ’73 Lawrenceville, Ga.
Barbara A. Baker ’71 Durham
Cerise Glenn ’99 Greensboro
NATIONAL
alumni council James C. Carter ’00 Chair Asheville
4 UNC ASHEVILLE 2010 –11 ANNUAL REPORT
Anne Ponder, Chancellor
endowedfunds
2 011
$ 27, 8 0 6 , 575
28
27.8
26
25.6
24 20
Amount in Millions
23.9
23.6
22
21.8
19.5
7.1
18 16.7
16
14.8
14
13.6
12
9.2 7.5
6.1
7.3
14.9 5.6
13.1 5.4
10
5.4
4.7
4.5
9.4 01
8.9 02
8.6 03
8
5.1
6 4 2 0
9.8 04
11.3 05
17.5 07
18.5 08
14.5 09
16.4 10
18.6 11
UNC Asheville
UNC Asheville Foundation Unaudited figures for 2010–11 Source: University Controller
alumnisuport
$ 2 0 9, 6 41
$661,941
2 011
13.9 06
$700,000 600,000
$209,641
$275,461
$179,640
04 11%
$265,488
03 14%
$162,762
200,000
$142,638
300,000
$133.951
400,000
$133,712
Amount
500,000
100,000 0 Participation:
Unaudited figures for 2010–11
05 9.3%
06 5.63%
07 9.5%
08 8.3%
09 7.3%
10 6.3%
11 7.0%
2010 –11 ANNUAL REPORT UNC ASHEVILLE 5
2 011
waysofgiving
$ 2 , 710, 774 .2% IRA Gifts
5% Planned & Estate Gifts Matured $137,492
$5,218
4% Value of Gifts-in-Kind $109,248 36% Cash & Cash Equivalents $980,636
0% Value of Real Estate $0 51% Pledge Payments $1,382,361
2% Deferred Gifts $46,742 2% Stocks and Securities $49,077
Looking Ahead... $10,581,045 — Value of multi-year pledge gifts to be fulfilled in the future $3,017,304 — Total estimated value of estate and planned gift commitments that will be realized in the future
wheredogiftscomefrom?
2 011 2 0 0 9
$ 2 , 710, 774
2005–06 2006–07
2007–08
2008–09 2009-2010 2010-2011
Alumni
$142,638 $265,488
$162,762
$179,640
Parents Other Individuals Trusts
$52,660 $549,920 $2,184,150
$1,117,877
†
†
$275,461 $209,641
$79,617 $122,482 $105,763 $73,178 $1,534,945
$1,954,705
$512,788
$477,549
† $2,945,208 $232,046 $130,310
Foundations
$280,750 $235,450
Corporations
$329,014 $303,939 $1,005,255 $691,802 $752,992 $264,649
Government
†
Religious Organizations $1,500
†
$853,115 $1,926,587 $1,251,904 $1,508,829
$253,800 $1,500,050
$0
†
$1,550
$1,284
$900
$1,080
$1,800
$57,865
$733,071
$698,558
$29,180
$77,859
$44,818
Total Outright Gifts $3,048,577
$3,207,295
$4,589,336
$9,350,554
Other Organizations
6 UNC ASHEVILLE 2010 –11 ANNUAL REPORT
$3,209,893 $2,710,774*
Unaudited figures for 2010–11 Source: Cumulative Fundraising Report * Reporting per CASE standards †Category funding not reported this year
operatingexpenses
2 011
$ 82 , 02 8 , 76 8
4.5% Student Services $3,819,400 5.5% Academic Support $4,532,241
15.5% Auxilliary Expenses $12,743,590
6.5% Public Services $5,469,098
5.5% Depreciation $4,380,507 8% Financial Aid $6,548,372
2% Research $1,675,779
10% Operations and Plant Management $8,356,236
31.5% Instruction $25,736,533
11% Institutional Support $8,767,008
2010–11 figures audited by N.C. State. Source: University Controller Total commitments include outright giving, planned giving (including wills) and outstanding pledges
2 011
revenuebysource
3.5% Investments and Other $3,532,985 4% Operating Grants and Contracts $3,997,173
$ 101,110, 471
11% Non-capital Gifts and Grants $11,075,078
9.5% Sales and Services, net $9,583,282 17% Tuition and fees, net $17,311,412
38% State Appropriations $38,524,091
17% Capital Gifts and Grants $17,086,447
2010–11 figures audited by N.C. State Source: University Controller 2010 –11 ANNUAL REPORT UNC ASHEVILLE 7
2 011
wheredogiftsgo?
$ 2 , 710, 774 4% Unrestricted $113,552 3% Restricted $75,620
3% NC Center for Health & Wellness $75,069 1% NC Center for Creative Retirement $31,520 7% Athletics $183,684 2% Academics $53,359 50% Buildings and Equipment $1,360,717
14% Non-scholarship Endowment $387,033
16% Financial Aid $430,220