2021 FOUNDATION ANNUAL REPORT BUILDING MOMENTUM, TOGETHER.
TA B L E O F C O N T E N T S
BUILDING MOMENTUM, TOGETHER. Every day we hear stories from EIU students who’ve recently had a dramatic and positive change in their lives. And it’s all because of you. Gifts like yours, along with those from an ever-growing number of supporters, are the reason we can help our students continue their studies at a top-ranked public regional university like EIU. You can be proud of that. You’re part of a larger network of Panthers changing lives one donation at a time. The momentum you create is long-lasting and lifechanging. For that our students are more than just thankful. They are successful. GO EIU, BLEED BLUE!
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2021 EIU FOUNDATION REPORT
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TABLE OF CONTENTS A NOTE FROM THE VICE PRESIDENT Message from the Vice President for University Advancement & Executive Officer of the EIU Foundation Ken Wetstein
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Where Your Gifts Go
P. 4
TRANSFORMING LIVES
EIU FOUNDATION BOARD OF DIRECTORS Message from the EIU Foundation President
P. 17
Board Welcomes New Members and President
P. 19
FINANCIALS: WHAT IT ALL MEANS
Daughter’s Legacy Lives on Through Enduring EIU Bonds
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Eberly a Beacon of Support for EIU, Sigma Phi Epsilon, Diversity
P. 7
Garner Recognized as 2019 Annuitant Ambassador of the Year
• EIUF Financial Statements & Independent Auditor’s Report
P. 9
Sarah Bush Lincoln partners with EIU to create SBL Scholars Fund
• Form 990 (Return of Organization Exempt From Income Tax)
P. 11
STUDENT STORIES Students at the Forefront
EIU HOMECOMING 2021
Alumni convene at EIU Homecoming 2021
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EIUF Financial Report
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EIUF Endowment Performance Report
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MISSION STATEMENT
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P. 15 2021 EIU FOUNDATION REPORT
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A NOTE FROM THE VICE PRESIDENT
A NOTE FROM THE VICE PRESIDENT Dr. Ken Wetstein Vice President for University Advancement & Executive Officer of the EIU Foundation
Greetings Friends, Alumni, and Donors, The 2020-2021 operating year for the EIU Foundation has been a story of RESILIENCE. Despite the disruptions of an unprecedented global pandemic, I am pleased to share with you that the EIU Foundation has recently completed a record year. The value of EIU’s endowment and the assets of the Foundation reached new heights in the past operating year. How is that possible? Only through the concerted efforts of our generous and loyal donors, fantastic volunteers on the Foundation Board, and a dedicated staff team in the University Advancement area. The donors to the University really came through for EIU in the last year. For the first time in a number of years, the total number of donors increased, growing by 3% over the prior year. More impressively, the number of NEW donors to EIU, folks who had never made a gift before this past year, increased by 15%. Our students were under significant personal and financial strain in the last year and our donors responded accordingly. The Foundation has also benefitted greatly from the work of our volunteer board over the past year. We are sad to see the end of Board terms for Ms. Cindra Stiff and Dr. Bill Hill, both logging many years of service to the EIU Foundation, contributing abundantly with their time and their wise counsel. Thank you Cindra and Bill! As we enter a new fiscal year we are excited to welcome three new Board members: Dr. Charles “Chuck” Maris, Dr. Judy James, and Mr. Randy Wright. All three are very dedicated to EIU and eager to engage in the work of the Foundation Board. I want to personally thank all of the hard-working members of the EIU Advancement Team. COVID-19 changed the way in which we conducted our work; it sometimes changed WHERE we worked; but the commitment of this team never wavered throughout. I am truly humbled to work with such a wonderful team—you are a credit to the University and essential to the long-term success of the EIU Foundation. This Annual Report shines a light on the wonderful impact of your generosity. Please know that you have made a difference for the students, faculty, and staff at EIU. On their behalf, I thank you. Loyal & True,
Ken Wetstein Vice President for University Advancement and Executive Officer of the EIU Foundation
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2021 EIU FOUNDATION REPORT
WHERE YOUR GIFTS GO THE ACTIONS OF EVERY DONOR MATTERS, AND EVERY GIFT MAKES A DIFFERENCE.
4445 Total Donors
$2.15M for University OPERATING costs
$4,234,156.13 VALUE OF CASH GIFTS RECEIPTED
$1.70M for the EIU Foundation ENDOWMENT $384K for University CAPITAL PROJECTS
Information above describes cumulative gifts from July 1, 2020 through June 30, 2021.
709
TOTAL NUMBER OF ENDOWMENTS ESTABLISHED THROUGH THE EIU FOUNDATION AS OF JUNE 30, 2021.
131
TOTAL NUMBER OF DOCUMENTED PLANNED GIFT COMMITMENTS RECORDED AS OF JUNE 30, 2021.
$39,779,000
TOTAL VALUE OF DOCUMENTED PLANNED GIFT COMMITMENTS AS OF JUNE 30, 2021.
2021 EIU FOUNDATION REPORT
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TRANSFORMING LIVES
DAUGHTER’S LEGACY LIVES ON THROUGH ENDURING EIU BONDS 5
2021 EIU FOUNDATION REPORT
PARENTS OF AMY BLUMBERG FOUND AWARD IN LATE DAUGHTER’S NAME Ken and Sue Blumberg are, above all, parents. Their daughter, Amy,
fear and anger into something more beneficial—and more in tune
was thoughtful, energetic, and friendly—all qualities that Ken and
with Amy’s spirit.
Sue helped to cultivate in her as she continued to blossom into “Creating a scholarship was a meaningful way to honor her name
adulthood.
and memory as well as to incentivize and encourage other students Ken and Sue, on a recent visit to Eastern Illinois University, shared
to continue their education, prepare for their future, and to enjoy
just how unbelievably proud they were of the woman Amy was
the college experience. The gift of education is one of the best
becoming during her time on campus.
gifts one can give,” Sue shared.
“EIU taught Amy a lot about
To that end, Ken and Sue established the Blumberg Award—an
responsibility, which gave her even
endowment with the EIU Foundation administered through EIU’s
more opportunities to learn and
Office of Enrollment Management. The award benefits a graduate
flourish away from home,” Sue
of Collinsville High School, where Amy graduated from prior
explained. “She loved EIU and
to enrolling at Eastern. Collinsville High School, like many high
really grew so much, academically
schools in that area of the state, frequently sees its graduates move
and personally, while she was here.
on to EIU.
Change and growth — Amy’s
Ken and Sue Blumberg
experience at EIU taught her
A second scholarship, the Amy Blumberg Memorial Scholarship,
to appreciate life at an entirely
was created for members of EIU’s Gamma Mu Chapter of Sigma
different level. She gained a greater
Kappa sorority.
appreciation for home and was
eager and excited about new experiences and the possibilities and opportunities ahead.” “She was a member of Sigma Kappa, and that was an important part of her college experience,” Ken added thoughtfully. “Her sorority sisters were wonderful, and we’ve kept in contact with some of them over the years. It’s been rewarding for us to watch them grow into their own careers and families. It’s those connections, those relationships, that have really helped us celebrate and honor her life and why we’re so happy and proud her name will live on through the scholarships at EIU that have been established in her memory.” In the fall of 1999, Amy was a 20-year-old junior Family and Consumer Sciences major, having just switched her major from Elementary Education. At the end of the fall semester, she returned home to Collinsville, Illinois for the holidays, working at her uncle’s store in nearby O’Fallon to earn extra money for school. Sadly, when she left for work on New Year’s Eve day, Amy never made it back home. An investigation and subsequent trial led to the eventual arrest and conviction of Amy’s killer. During the trial, the prosecutors laid out evidence suggesting Amy was a casualty of circumstance—the unfortunate victim of a random murder. Having been through every parent’s worst nightmare, Ken and Sue channeled their sadness,
The Blumbergs say, for them, the real value of giving to EIU is that by helping students achieve their educational goals, they are providing a path toward a personally positive and professionally rewarding career. “In some small way, we hope that the opportunities we help provide EIU students with great memories, such as those Amy created for herself here at Eastern, such as those Amy created for herself here at Eastern, and will become part of a larger legacy to do good in the world and to embrace the future with positivity and hope,” Ken said. Sue continued, “Amy’s tragic death was a life lesson for her friends and family. It reinforced the importance of cherishing those close to you, appreciating life, even with its ups and downs, and looking for the good—we can find it even in the worst of all possible situations.” “The establishment of the scholarships is inspiring to us, and Amy would be proud to know her legacy will endure among her sorority sisters and so many other students at Eastern Illinois University,” Ken added. Amy’s love for EIU was certainly extraordinary. Today, her family’s ongoing commitment to EIU serves as a humble but powerful tribute to Amy’s life and to the energy and enthusiasm her spirit and memory continue to bring to EIU and to the EIU Foundation.
2021 EIU FOUNDATION REPORT
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TRANSFORMING LIVES
EBERLY A BEACON OF SUPPORT FOR EIU, SIGMA PHI EPSILON, DIVERSITY Dr. Charles G. Eberly is probably more well-known on EIU’s campus by his informal handles—“Chuck” or “Doc.” And since 1987, Chuck (or Doc) has been cementing his reputation as a staple of Eastern Illinois University—including the University’s mission, its promises, and its culture of support. Eberly first arrived on campus in January of 1987 from
after EIU and working to help them progress through their own
East Lansing, Michigan with a Ph.D. in higher education
doctoral degrees.
administration and a teaching emphasis in college student affairs. He was scheduled to interview with then-chair of EIU’s department of Educational Psychology and Guidance, Dr. Paul Overton. Eberly remembers Overton picking him up from the Coles County Airport and driving him to campus “in a big old
“It’s been interesting and engaging to review their doctoral dissertations, and to continue editing for two professional academic journals. Working with students allows me to stay focused, and it truly makes me feel alive.”
Oldsmobile.” And when first they drove up over the hill along Route 16, Eberly said he vividly remembers seeing the towers
Eberly was born in McComb, Ohio in 1941 and graduated from
of Old Main for the first time against the vibrant backdrop of
the McComb Centralized School District in 1959. He received a
winter’s orange harvest moon and that’s precisely the moment
B.S. in Chemistry at Bowling Green State University in 1963 and
EIU captured his heart.
an M.S. in Education from Syracuse University in 1966. He was an instructor in Student Personnel at the University of Wisconsin-
Fast forward to December 2010. After a celebrated and storied
Oshkosh from 1966 to 1969. By 1970, he had earned his Ph.D.
career at EIU as a faculty member in Eastern’s College of
from Michigan State University, where his dissertation focused
Education, Dr. Eberly retired from teaching—but certainly not
on “Critical Thinking, Attitudes and Values Associated with
from service to the University.
Fraternity Membership.” He was in institutional research there until 1987, when he joined EIU for most of his career.
“My main objective was to prepare EIU students for successful futures,” Eberly said. “And I’m still doing it because it gives meaning to my life.” In retirement, Eberly remains in close contact with several EIU master’s degree graduates, helping to mentor them during life
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2021 EIU FOUNDATION REPORT
A major part of Eberly’s student and professional endeavors includes a deep involvement with Sigma Phi Epsilon. He joined the fraternity as an undergrad at Bowling Green State University. He remained an active member and, in fact, was a crucial component of starting Eastern Illinois University’s own
Sigma Phi Epsilon chapter in his living room in 1990. Today, Greek
it’s so essential that those who are able can support them with
life professionals who earned master’s degrees under Eberly’s
scholarship opportunities, and especially their presence. Neither
direction currently advise undergraduates on campuses across the
of these are casual exchanges, they are both extremely special and
country.
unequivocally meaningful.”
“It has always been very important to me that students learn
“That’s why I have so enjoyed my nearly lifelong connection to
about each other and about each other’s lives, and learn how to
Sigma Phi Epsilon,” Eberly continued thoughtfully. “Being in a
communicate with each other, together,” Eberly said. “Cultural
fraternity is about being organized, getting things accomplished
diversity and integration are essential to our condition as human
through teamwork, and presenting opportunities for leaders to
beings, and I will forever be a colossal proponent of that type of
emerge.”
discourse. I hope the financial support I’m able to provide to EIU continues to create those opportunities for students for years to
For many, “Chuck” has been an extraordinary minister of
come.”
opportunity at EIU—in his roles as a faculty member, an advisor,
Eberly said that creating lasting connections to the campus among students and the organizations they join is equally important to him, stating that contributions to the University and to the organizations that make it unique are a vital part of any institution’s long-term success. Citing those commitments, Eberly said higher education has given him and others like him so much, he was compelled to give back. That’s why he endowed the Eberly-Wallace Professional Development Fund in his former department, now Counseling and Higher Education, in 2011. Not only that, Eberly is a member of the EIU Foundation’s prestigious Heritage Society—a dedicated group of EIU’s most loyal supporters who have committed estate gifts to further their beneficent relationships with EIU. He has also put in place an estate gift to support Booth Library. In fact, Eberly felt so inclined to advance EIU’s mission through philanthropy, he also became the principal supporter of the Ryland Hall Fund—a scholarship endowment through the EIU Foundation that benefits students in EIU’s chapter of Sigma Phi Epsilon, the fraternity he holds so dear. “Parents today are finding it harder to support their children with their higher education dreams,” Eberly said. “That’s why
a mentor, and a friend. His support means a great deal to the EIU Foundation, and so much more to the countless students and families whose lives and circumstances he’s uplifted throughout his career. His generous gifts continue to demonstrate that strategic investments in the EIU Foundation are able to yield almost exponential returns. “It’s all about support and encouragement,” he shared. “It’s about caring for those people as if they’re our own. That’s how I think of my graduate students and the undergraduates that I advise—they are my children. I’ll do all I can to support them.” EIU’s mission statement ends with a clear direction: “Throughout their education, students refine their abilities to reason and to communicate clearly so as to become responsible citizens and leaders.” Eberly continues to take that mission seriously, to the benefit of all those around him. He encourages anyone with similar capacities to consider doing the same by contacting the EIU Foundation today. CREDIT: BOWLING GREEN STATE UNIVERSITY FOR ADDITIONAL BIOGRAPHICAL INFORMATION ON DR. EBERLY
2021 FOUNDATIONREPORT REPORT 2020 EIUEIU FOUNDATION
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TRANSFORMING LIVES
GARNER RECOGNIZED AS 2019 ANNUITANT AMBASSADOR OF THE YEAR
PICTURED ABOVE: Suellyn Lindsey Garner was awarded the 2019 Annuitant Ambassador of the Year by Annuitant Association Board of Directors Richard Wandling and EIU Foundation Board of Directors President Dr. Jill Nilsen.
The Eastern Illinois University Foundation celebrates
says out-of-town guests are frequent and welcome
Suellyn Lindsey Garner for being recognized as
visitors. She loves to cook, so entertaining is often on her
the Foundation’s 2019 Annuitant Ambassador of
schedule.
the Year. The award is bestowed annually to an EIU annuitant who demonstrates a sincere dedication and
Garner remains heavily interested and vested in the
commitment to volunteer work at EIU’s Neal Welcome
welfare of children and families. She currently serves on
Center. Qualifications for earning this distinction
the Board of Directors of the Court Appointed Special
include promoting good will for the University and the
Advocates for Children (CASA) of East Central Illinois.
Foundation while exhibiting an enduring enthusiasm for
Prior to the pandemic, she also enjoyed helping out
volunteering as an ambassador of the University.
organizations such as Soup Stop, the Coalition for People and Need, and EIU’s own Tarble Arts Center.
Garner graduated from EIU in 1963, having earned a Bachelor’s degree in Music Education. She went on
Garner continues to safely volunteer for several local
to earn a Master’s degree in 1964 in Music History
activities, including events at the First Presbyterian
and Performance and again in 1984 as Specialist in
Church in Charleston, where she often serves as
Educational Administration.
substitute keyboardist, among other things. Additionally, the EIU Foundation’s Neal Welcome Center (NWC)
After retiring from teaching music at all levels—from
has been an active appointment on Garner’s calendar
kindergarten through university—Garner focused
for many years. Currently, she volunteers at the NWC’s
on other work including grant writing and school
Reception Desk for two hours each week. Although EIU
administration for another ten years before “officially”
students no longer pick up their scholarships at NWC in
retiring in 1994.
person, the center maintains a welcoming atmosphere for visitors and meetings—and Garner appreciates being
She and her late husband, Donald P. Garner, opened an
the first person (and smile!) EIU and Charleston visitors
antique shop and enjoyed traveling the world in search
see when they walk in the door.
of unique pieces to add to the store’s inventory. In her free time, Garner enjoys reading and writing, and Today, Garner stays busy maintaining the historic house where she has lived since 1967 in Charleston. Garner
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2021 EIU FOUNDATION REPORT
still plays the piano every day.
John Schmitt ‘76 ‘78 served as the EIU Homecoming 2021 Parade Grand Marshall.
“My 47th consecutive EIU Homecoming including my undergraduate years. Let the festivities begin. So honored by my beloved Eastern Illinois University! I’m bleeding Blue!” - John Schmitt
2021 EIU FOUNDATION REPORT
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TRANSFORMING LIVES
EIU’s Gail and Richard Lumpkin School of Nursing was established in response to the critical nursing shortage in central Illinois. The initial cohort of students began the program in spring 2020. 11
2021 EIU FOUNDATION REPORT
EIU’s Gail and Richard Lumpkin School of Nursing operates out of Ninth Street Hall on the campus of Eastern Illinois University.
SARAH BUSH LINCOLN PARTNERS WITH EIU TO CREATE SBL SCHOLARS FUND Reprinted by permission from the Journal Gazette/Times-Courier, Mattoon, Illinois.
Eastern Illinois University’s Gail & Richard Lumpkin School of
by a selection committee. SBL Scholars also will attend
Nursing will benefit from a substantial gift from Sarah Bush
engaging programs hosted by The Gail & Richard Lumpkin
Lincoln Health Center to help local students become skilled
School of Nursing and Sarah Bush Lincoln Health Center. The
nurses to serve the region.
SBL Scholars will be required to maintain continuous, full-time enrollment in EIU’s Nursing curricular sequence.
Six students will be named SBL Scholars beginning in the 2022-23 academic year. Those students will receive full scholarships to EIU’s four-year Bachelor of Science in Nursing Degree program, covering all direct campus costs including
“This is an amazing partnership and an invaluable benefit for our regional communities,” said Dr. Holly Farley, director of EIU’s Bachelor of Science in Nursing degree program.
tuition, fees, textbooks, and room and board for on-campus students in the program. Each year, the grants will be
Sarah Bush Lincoln President & CEO Jerry Esker added, “Our
renewable to continuing students in the program, with a new
need for nurses grows each year and we know that if we can
cohort beginning every year through 2029.
help local nursing students turn their dreams into realities, then we may have a better chance of recruiting them to care
SBL Scholars will be selected from incoming, full-time, pre-
for people in their community.”
Nursing majors at EIU graduating from high schools in a 10-county service area, including Clark, Coles, Cumberland,
EIU President David Glassman echoed Esker’s sentiment on
Douglas, Edgar, Effingham, Fayette, Jasper, Moultrie, and
the importance of investing in a shared future.
Shelby counties. “Eastern Illinois University and Sarah Bush Lincoln Health To be eligible, students must have a minimum high school
Center are mutually excited about the opportunity this
GPA of 3.3, complete a special application process that
partnership presents in supporting our community’s future
includes interviews, and their applications also will be reviewed
skilled and devoted nurses,” Glassman said.
2021 EIU FOUNDATION REPORT
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STUDENT STORIES
STUDENTS AT THE FOREFRONT
ALUMNI DONATIONS, REGARDLESS OF THEIR SIZE, CAN HAVE A HUGE IMPACT ON THE LIVES OF EIU STUDENTS. HERE ARE JUST A FEW EXAMPLES. MICHAELA MCBRIDE PRE-ENGINEERING
ALYSSA JACOBUCCI PERFORMANCE MAJOR
I am honored to have been chosen
I cannot express how honored I am to
for this award. My experience so far
have been chosen as a recipient of the
in Eastern Illinois University’s physics
George S. Westcott Band Award and I
RECIPIENT OF THE GLENN LEFLER PHYSICS SCHOLARSHIP
department has been wonderful. This scholarship will greatly
RECIPIENT OF THE GEORGE S. WESTCOTT BAND AWARD
would like to express just how grateful
contribute to my goal of graduating with as little debt as
I am for your support not only for myself, but for other EIU
possible. Receiving this scholarship lets me know that others
students as well. My introduction to Eastern Illinois University
have noticed my hard work and believe that my work ethic
came several years ago when I first attended Eastern Music
and past achievements would make me a good engineer.
Camp. This scholarship has provided me with a much more
This reassurance gives me a renewed sense of focus and
positive view of my financial situation for the coming year and
encourages me to keep doing my best. Every day I am
has eased the burden of the additional orders for materials
reminded of how blessed I am and I hope that one day I will
throughout the school year. That is something that I really
have an opportunity to be an inspiration to other kids like
could not be more grateful for and I would like to sincerely
me who take an interest in physics and engineering. Your
thank the donor who made this possible.
generosity and support have helped me pursue a lifelong dream. Thank you so much for helping me get there!
STEPHEN ELMORE GEOGRAPHY
RECIPIENT OF THE BARBARA HILL MEMORIAL SCHOLARSHIP
RECIPIENT OF THE DALIAS PRICE MEMORIAL WEATHER FUND
I am sincerely honored to have been
Thank you so much for this scholarship!
Hill Memorial Scholarship. Thank
It really means the world to me.
selected as the recipient of the Barbara you for your generosity which has
Geography is where I found my love
allowed me to pay for my higher education. I am beyond
for weather and I am so thankful
ecstatic to pursue my journey to become a future educator
for all of my professors. I also have found my passion in
and difference maker. I have also joined the Rural Teacher
broadcasting and now know that is where I want to take my
Corp and Phi Alpha Eta in order to become involved on
career. Scholarships like these not only make me proud of
campus and in the community. This opportunity will allow
myself but I know that I have made my family proud. I can’t
me to connect with prospective employers and communities
thank you enough for everything you’ve done for me and my
for my career. As I complete my education at Eastern Illinois
family and now seeing those certificates on the wall inspires
University, I am very thankful for receiving your thoughtful gift.
me and hopefully younger weather students and other
Because of this scholarship, I am one step closer to becoming
student-athletes. It’s an honor to receive a scholarship from
an outstanding educator. I cannot wait to see the impact that I
you and again it means the world to me. Thank you so much
am capable of making for my future students. Thank you again
and hopefully next year I will be writing more thank you letters
for your thoughtful and generous gift. With the scholarship I
like this. I hope to make you proud again in the next semester
can strive to become a better student by my central focus on
and again thank you for helping students like me get through
my studies and making connections in the Eastern community.
college.
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NICOLE BROWN EDUCATION
2021 REPORT 2020 EIU EIUFOUNDATION FOUNDATION REPORT
ELIZABETH SERNA-SANCHEZ CHEMISTRY
TADIWANASHE MHINGA BUSINESS ANALYTICS
RECIPIENT OF THE ROGER F. HIBBS MEMORIAL CHEMISTRY SCHOLARSHIP
RECIPIENT OF THE BILL SPANIOL MEMORIAL SCHOLARSHIP When I learned that I had won the
When I was looking into colleges I was
Bill Spaniol Memorial Scholarship, I
looking specifically into schools where
found myself singing ”You’ll Never Walk Alone,” the anthem of Liverpool football club. This is a song my father often played on his guitar and a song that is very dear to me. The lyrics remind me that no matter where you go, how hard and discouraging life gets, and how lonely you might feel there are always people with big hearts who are there to help you out of the goodness of their hearts. This scholarship came at a time when I felt drained, discouraged and afraid of the future. From there, I found myself in a community of selfless, ambitious and strong people. A people of vision, a people of hope and a people who help each other. I too hope I can live up to this greatness and give back to people regardless of how much or how little I have. To the donors of the Bill Spaniol Memorial Scholarship, thank you very much for this award, I am humbled and honored to be a recipient of this scholarship. I have a wide range of interests and a lot of dreams which I am working hard to make true, and your help only strengthens my chances of achieving them and bringing value to the world.
JACKSON MELVIN HISTORY
RECIPIENT OF THE LAWRENCE AND EMILY NICHOLS AWARD
I would be most supported. One day I met with my counselor and they recommended that I look into EIU. When I started researching the school I felt that it was the school I was meant to go to. Eastern provided me with the opportunity to attend a university and when I went to visit I felt like I belonged. Even with all my struggles, I’ve had a fantastic experience on campus. In my classes, I’ve gotten to meet new people and make some friendships. I had the opportunity to tutor some kids from the area because of a program called the After-School Program that had kids from kindergarten through the twelfth grade. I learned some valuable life lessons, such as having patience and appreciating everything I have. I want to thank the donors for this scholarship because receiving it has brought back my motivation. EIU is a fantastic school, and I am glad I’m able to continue attending. I’ve had great professors that care for their students, and they’ve never failed to help me out when I was stuck on something in class. At EIU, I’m surrounded by many people from different backgrounds and places. It’s an honor that I met the people who will be our future doctors, scientists, and journalists. There will be many good changes happening in the future, and people like you make sure those things happen.
EIU provided me with a much greater
DANIEL JONES JOURNALISM
diversity of faculty specialization
RECIPIENT OF JAMES A. SAUNDERS SCHOLARSHIP
than other options of similar price and reputation, giving me many
I would like to start by saying thank you
more options for courses. Also, I found it to be the perfect
so much for selecting me to receive
size—large enough to have a substantive community yet
the scholarship. It truly means so much
small enough to allow me to get to know most students and faculty quite well. Receiving this scholarship works as a great encouragement. This award serves as a needed reminder that I am in the process of achieving my goals, and that there are others who have confidence in my abilities. Even at my lowest
to me to have less to worry about next semester and to be able to focus on what is truly important. Generous donors like you, enable students like me to pursue a higher education.
moments, that knowledge gives me the strength to push through and allow me to win the sort of internal arguments has given me more good things than I can count. Your
SUPPORTING FUTURE PANTHERS THROUGH SCHOLARSHIPS
donation has greatly aided me along on the path to achieving
Scholarships provide vitally important resources to
my dream of becoming a professional historian. It is a good
students who might not otherwise be able to attend
and a beautiful thing that the name of Lawrence and Emily
college. To learn more, including how to establish an
Nichols lives on as beloved contributors to the University and
annual or endowed scholarship, please visit us online at
to our history department, and I am honored to be even a
go.eiu.edu/endowment.
that can otherwise be overwhelming. In short, this scholarship
very small part of their legacy.
2021 EIU FOUNDATION REPORT
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EIU HOMECOMING 2021
ALUMNI CONVENE AT EIU HOMECOMING 2021
HERITAGE SOCIETY PINNING CEREMONY AND TRIBUTE DONOR RECOGNITION
On Friday of Homecoming, the Foundation honored individual members of the Heritage Society with a special pinning ceremony held at MLK Jr. University Union University Ballroom. Heritage members were presented with a society pin, recognized for their commitment to support the University through planned gifts and posed for a photo with EIU President David Glassman. Immediately following the Heritage Pinning Ceremony, the Tribute Donor Recognition event was held in the Grand Ballroom. This year’s celebration recognized the Burnham and Nancy Neal Outstanding Philanthropist Award recipient, Dr. Judith James, who shared her personal story about why she chose to support EIU.
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Mr. Al Longtin and Dr. David Glassman
Dr. Charles Maris, Dr. David Glassman and Ms. Karen Maris
Dr. Mary Anne Hanner, Dr. David Glassman and Mr. Dale Hanner
Ms. Sharisse Grannan, Dr. David Glassman and Mr. Dennis Grannan
Ms. Mary Grado, Dr. David Glassman and Dr. Gordon Grado
Dr. Judy James, recipient of the Burnham and Nancy Neal Outstanding Philanthropist Award, and Dr. David Glassman
2021 EIU FOUNDATION REPORT
Mr. Elmer Pullen and Dr. David Glassman
Dr. Jill Nilsen, Dr. David Glassman and Mr. Hank Nilsen
Ms. Gladys Frost, Dr. David Glassman and Mr. Harry Frost
Ms. Janet Ernst and Dr. David Glassman
Mr. John Schmitt and Dr. David Glassman
Mr. Jon McKenzie, EIU Foundation Chief Operating Officer
Mr. Lawrence Uebner and Dr. David Glassman
Mr. Randy Wright and Dr. David Glassman
2021 EIU FOUNDATION REPORT
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E I U F O U N D AT I O N B O A R D O F D I R E C T O R S
MESSAGE FROM THE NEW EIU FOUNDATION PRESIDENT Dr. Jill Nilsen, President Eastern Illinois University Foundation Board of Directors 2021-2022
I am honored to serve as a board member on the Eastern Illinois University Foundation Board. This Board works tirelessly to fulfill its mission of supporting our EIU students. We strive to enhance the educational and cultural experiences for our students through generous philanthropic gifts. During fiscal year 2020, the Foundation provided $1,362,816 in scholarships to EIU students and $2,543,107 in grants to EIU. Total assets of the Foundation now exceed $98 million and the investment of those dollars generates the revenue to fund the scholarships and grants, helping many of our over 8,000 students to realize their dreams. Students were able to fulfill their career goals of becoming teachers, accountants, nurses, artists, musicians, dietitians, and other professions. These dollars support their ability to attend conferences, study abroad, or conduct research. Scholarships enable students to join an athletic team, play in the orchestra, and participate in internships. The generosity of our many donors and alumni facilitate our students to experience a quality educational experience.
The Foundation Board is committed to working collaboratively with the University faculty, staff, and administration. We recognize that our role in overseeing the endowment and wisely investing those resources enhances the academic environment of the entire community. The Foundation and the University have a strong partnership and working relationship. It is a privilege to serve on the board of the Eastern Illinois University Foundation. My fellow board members and I are truly committed to Eastern Illinois University and are passionate about the Foundation’s role in making a difference in the lives of our students. Your philanthropic gifts are important in helping us continue our work. We are very appreciative of your generous support. Sincerely,
Jill Nilsen, President. 2021 - 2022 Board of Directors Eastern Illinois University Foundation
M A K E A N O N L I N E G I F T T O D AY AT E I U . E D U / G I V I N G . P H P.
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2021 EIU FOUNDATION REPORT
eiu.edu/advancement
EASTERN ILLINOIS UNIVERSITY FOUNDATION Founded in 1953 under the leadership and direction of H. Ogden Brainard, the Eastern Illinois
University Foundation has, since its inception, been dependent upon the generosity of its members to encourage and provide private support to the University, and to promote the ideals of volunteerism and philanthropy among alumni, friends and employees of the University.
2021 EIU FOUNDATION REPORT
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E I U F O U N D AT I O N B O A R D O F D I R E C T O R S
EIU FOUNDATION ELECTS NEW BOARD MEMBERS Three individuals have been added to the EIU Foundation’s Board of Directors for 2022—Drs. Judith James and Charles Maris, both of Charleston, IL; and Mr. Randall Wright of Houston, TX. Dr. Jill Nilsen of Charleston, IL. will serve as President along with Vice President Dawn Johnson of Ballwin, MO.; Treasurer Gordon Grado of, Scottsdale, AZ.; Secretary Kelvin Lane of Buffalo Grove, IL; Dennis Grannan and Rick Ingram of Chicago; Elmer Pullen of Brookport, IL.; and Susan Young of Mahomet, IL. The Foundation Board of Directors governs the EIU Foundation, an independent nonprofit organization that provides EIU alumni, friends and advocates a means to invest in the University. Established in 1953, the EIU Foundation administers gifts in support of Eastern Illinois University’s institutional mission.
DR. JILL NILSEN, PRESIDENT CHARLESTON, ILLINOIS
Jill graduated from EIU in 1974 with a Bachelor of Science degree in speech pathology and audiology and a Master’s of Science degree in 1975. Jill was an EIU faculty member, Department Chair, Associate Dean of the Graduate School, and Vice President of External Relations before her retirement. Her contributions to EIU have been and continue to be extensive. During her time as Vice President, Jill restructured the EIU Development efforts so every college was an integral partner in EIU’s Development activities. She also created an endowment in the Department of Communication Disorders and Sciences that provides funding for graduate student research presentations. Jill was recipient of the 2015 Outstanding Philanthropist award. She is an EIU Alumni Association Distinguished Alumna and a recipient of the Louis V. Hencken Service Award. She also served as a member of the College of Education and Professional Studies Philanthropy Board. Jill was formerly President of the CASA of East Central Illinois Board of Directors, and her service in other local agencies includes the Boards of the Sarah Bush Lincoln Health Systems, the Coalition Against Domestic Violence, CCAR Industries, and the Charleston Zoning Board. She served as a member of the EIU Presidential Search Committee as well as President of the EIU Annuitant Association and President of the Charleston Area Chamber of Commerce.
MS. DAWN JOHNSON, VICE PRESIDENT BALLWIN, MISSOURI
Dawn graduated from EIU in 1983 with a Bachelor of Arts in journalism. She is a litigation lawyer at Greensfelder, Hemker, and Gale, P.C.—St. Louis, Missouri. As head of the firm’s Franchising and Distribution Industry Group, Dawn leads a team of transactional and litigation attorneys who represent clients nationally and internationally. Her practice focuses on all aspects of the dealer, distributor and franchisee relationship, including termination and non-renewal, claims under state and federal relationship laws and claims such as breach of contract, fraud, tortious interference, antitrust pricing, and trademark infringement. Dawn has significant appellate experience and is co-leader of the appellate practice within the firm. She handles appeals and works closely with other trial lawyers in the firm to ensure that issues are properly
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2021 EIU FOUNDATION REPORT
preserved for appeal. Dawn has argued before the Missouri Supreme Court and the Missouri Court of Appeals, Eastern and Western Districts, the Illinois Court of Appeals and the U.S. Court of Appeals for the Eighth Circuit. Before attending law school, she was an award-winning reporter for the Herald & Review daily newspaper in Decatur, Illinois. After graduating from Washington University School of Law, she continued her writing experience as a law clerk to U.S. Magistrate Judge David D. Noce in the U.S. District Court, Eastern District of Missouri, from 1993 to 1997. She is active within her community, having served on the Board of Directors for Safe Connections from 2015 to the present; College Summit Missouri Site Advisory Board, 2012-present, Chair, 2015-present; Gateway Legal Services, Inc., Board of Directors, 2008 to the present; and the Bar Association of Metropolitan St. Louis, Board of Governors, 2002-2004.
DR. GORDON GRADO, TREASURER SCOTTSDALE, ARIZONA
Gordon graduated from EIU in 1974 with a BS in Zoology. In 2006, he was named the Distinguished Alumnus by the EIU Alumni Association and in 2013, was awarded an honorary Doctor of Science from Eastern Illinois University. Gordon is the founder and Medical Director of Southwest Oncology Centers based in Scottsdale, Arizona with four other oncology centers throughout Arizona and with two affiliated centers in Mexico and two in Latin America. Before his private practice, he established and chaired the Radiation Therapy program at Mayo Clinic, Scottsdale and was the Wurtele Professor of Therapeutic Radiology and Oncology at the University of Minnesota where he developed the prostate brachytherapy program. He has given hundreds of presentations worldwide and authored numerous peer-reviewed articles on the subject of oncology and prostate cancer. In June 2000, Governor Jane Hull of Arizona named him to serve on the Arizona Prostate Cancer Task Force. Gordon has worked with EIU lecturing health science students and developed a mentoring program for pre-medical students who fly to his Arizona Southwest Oncology Centers (and Mexico) where they work as interns for at least two weeks and have also worked on research projects. Most recently, Gordon served on the board of Adelante Healthcare, which began as a program to provide health care to farm workers and now offers affordable healthcare throughout Maricopa County. He also provides support to St. Vincent de Paul and their clinics in Arizona.
DR. KELVIN LANE, SECRETARY BUFFALO GROVE, ILLINOIS
Kelvin graduated from EIU in 1979 with a Bachelor of Science in technology education. He was initiated into Alpha Phi Alpha Fraternity Incorporated while at EIU in the Spring of 1977. In 1988 he obtained a Master of Arts in computer teacher education from Governors State University. He graduated from Roosevelt University in 1993 with a Master of Arts in administration and supervision. He obtained his Doctorate from Loyola University in curriculum and instruction. Much of his career was dedicated to high school administration. He started his education career in 1993 teaching industrial arts and then later computer technology in Wheeling, Illinois. His most recent role was the Coordinator of Student Discipline for the second-largest School District in Illinois, Elgin U46, from 2009 until retirement in 2014. Kelvin has dedicated his career to helping students reach their full potential regardless of learning style in a safe and nurturing environment. He continues to consult with school districts, focusing on student life and discipline.
2021 EIU FOUNDATION REPORT
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E I U F O U N D AT I O N B O A R D O F D I R E C T O R S
MR. DENNIS GRANNAN CHICAGO, ILLINOIS
Dennis received a BSB degree from EIU with a double major in accounting and philosophy. His continued involvement with the University includes membership on the EIU Alumni Board and serving as secretary of the Lambda Chi Alpha Alumni Board. In 2016, he received the Lambda Chi Alpha Order of Merit award for his ongoing support of the chapter. After college, he worked as an accountant for Aon Insurance Company in the Reinsurance and Financial Statements Department. In 1989, he left Aon Insurance to pursue a career as a trader on the Chicago Board of Trade. Dennis received his brokerage license and proceeded to trade on his account. He sold his seat in 1993 to manage and operate two family businesses in Chicago, Villari Florist, and J&P Delivery until they sold in 2000 and 2009. Dennis is a commercial investor and owns and manages both commercial and private real estate properties.
MR. RICK INGRAM CHICAGO, ILLINOIS
Rick graduated with honors from Eastern in 1978 with a BA in Political Science. He went on to receive his Juris Doctorate from the University of Tennessee in 1981. Rick is General Counsel and Chief Legal Officer for Chicago Parking Meters, LLC and AMI Group, LLC in Chicago. He formerly was a partner at Shefsky & Froelich Ltd. He has experience in a broad range of real estate, corporate and infrastructure matters, including acquisition and disposition of significant commercial properties, negotiation of governmental incentives, and facilitation of multi-level public/private initiatives and partnerships. Also, Rick has extensive experience counseling clients on issues relating to the management of significant commercial properties. He also has considerable experience working with diverse community groups and stakeholders. His numerous charitable, public service and community activities have included serving as President of the Lakeview Action Coalition, Member of the Coles County Board, Member of the Coles County Regional Planning Commission, Member of the Hawthorne Academy Local School Council and mentoring with the Gay and Lesbian Bar Association of Chicago. Rick also was named a Leading Lawyer, which consists of the top 5% of Illinois Lawyers, as selected by his peers. Rick has given numerous seminars and presentations on office leasing and other real estate-related topics. He has extensive experience speaking before community groups.
DR. JUDITH JAMES CHARLESTON, ILLINOIS
Dr. Judith James, an accomplished retired EIU professor, began her journey teaching in the Zoology Department on a temporary basis, prior to completing her doctorate in 1987. After earning her Ph. D. in Genetics from Illinois State University, she taught a variety of genetics courses, ranging from “Heredity and Society” through the required genetics courses for majors and an honors and graduate course in Human Genetics. She served as PreMedical Studies Chair and University Personnel Committee Chair, as well as on the Faculty Senate, Intercollegiate Athletic Board, Student Health Advisory Board, and Library Advisory Board. Academically, she published various professional articles on developmental genetics, presenting her research at myriad national and professional meetings. In addition, Judith also served on the Board of Directors of the Central Association of Advisors for Health Professions for six years. Judith’s invaluable dedication to the EIU earned her two Faculty Excellence Awards. Her greatest passion was the major support she provided to autistic students and funds for graduate assistants and diagnostic tests for children. After a fulfilling career, including so many memorable and crucial contributions to EIU, she retired from the university in 2001.
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2021 EIU FOUNDATION REPORT
DR. CHARLES MARIS CHARLESTON, ILLINOIS
Chuck earned his BS in Zoology with a Chemistry minor from EIU in 1971 and an MD from the University of Illinois College of Medicine in 1975. After medical school, he completed full residencies in General Surgery and Otolaryngology-Head & Neck Surgery. Chuck entered private practice in 1982 as a Sarah Bush Lincoln Medical Staff Member. During his tenure at Sarah Bush, he served in multiple medical staff positions which included service as Chief of Surgery and three terms as Medical Staff President. In 1996 Chuck became an associate of the Carle Clinic Association based in Urbana, IL. Chuck progressed through multiple medical administrative assignments. He retired from medical administration as Chief of Surgery and Medical Director of Surgical Services in 2014. During his career, he has served on the volunteer medical faculty of the UIUC College of Medicine and most recently with the Carle Illinois College of Medicine as a Clinical Assistant Professor. Dr. Maris is a Fellow of the American College of Surgeons and a Fellow of the American Academy of Otolaryngology-Head & Neck Surgery. He is a past member of the IL ACS Committee on Trauma and a State Faculty member for the ACS Advanced Trauma Life Support Course for Physicians. He was instrumental in bringing the ATLS Course to downstate IL acting as course director for the first ATLS courses at the Carle Level 1 Trauma Center. He served as a member of the Sarah Bush Lincoln Foundation and served as a physician member of the Carle Foundation Board of Directors. Dr. Maris and his wife Karen are EIU Alumni Association Members and recently endowed a Scholarship for students enrolled in the new EIU Electrical Engineering Program. While an EIU undergraduate, Chuck was a founding member of the EIU Eta Mu Chapter of Sigma Chi. In July of this year, he was honored as a Significant Sig at the fraternity’s Grand Chapter meeting in Scottsdale, AZ. Chuck retired as a Colonel from the US Army Reserve in 2011 after 34 years of combined reserve and active-duty service. His most memorable assignments include mobilization to the Persian Gulf in 1990-91 as Assistant Chief of Surgery for the 159th MASH, four years as Command Surgeon of the 3rd COSCOM in Des Moines, IA, and four years of duty as the Command Surgeon for the 89th Regional Readiness Command in Wichita, KS.
MR. ELMER PULLEN BROOKPORT, ILLINOIS
Elmer is a 1970 graduate of EIU with a Bachelor of Science in sociology and a Master of Science in education in 1973. He served as a financial aid counselor at EIU for more than 30 years. Elmer has volunteered on numerous non-profit and university committees. Selected in 1978 as “Big Brother of the Year” by the Big Brothers Big Sisters of Coles County Organization, he also served on the Big Brother organization’s Board of Directors. Elmer was chosen as “Boss of the Year” by Eastern’s Office Staff Support Group in 1989. He was a member of the Charleston Rotary Club and served on the Board of Directors of the Central East Alcohol and Drug Council. Since retiring to Brookport, IL, Elmer has continued to serve the local and regional community on several committees and boards. He is a veteran of the US Army.
2021 EIU FOUNDATION REPORT
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E I U F O U N D AT I O N B O A R D O F D I R E C T O R S
MR. RANDY WRIGHT HOUSTON, TEXAS
Randy graduated from EIU in 1970 with a Bachelor of Science degree in physics. After completing a master’s in business administration degree from Southern Illinois University at Edwardsville, Randy began a career in healthcare administration on the staff of the Southern Illinois University School of Medicine in Springfield. In 1979 he moved to Houston to work for The Methodist Hospital. Over a 20-year period at Methodist he held various leadership roles including Administrator for the Institute of Otorhinolaryngology, Vice President over the for-profit programs of the hospital and then Senior Vice President responsible for the Hospital’s Diagnostic and Therapeutic programs. In 2000, Randy moved to Texas Children’s Hospital, the nation’s largest children’s hospital. He served in many different executive roles at TCH including Chief Information Officer, Acting Chief Financial Officer, President of the Texas Children’s Health Plan, and interim Administrator of the Children’s Hospital of San Antonio. His major responsibility was as Executive Vice President and Chief Operating Officer and he retired from TCH in 2016. Randy and his wife Brenda (Bachelor of Science in Education 1970) have strong ties to EIU and particularly the Physics Department. They created endowed scholarships honoring Dr. Glenn Q. Lefler, who was Department Chairman from 1950–1970 and for Dr. Bill Butler, who was Department Chairman from 1970–1987. Brenda and Randy, along with Dr. P. Scott Smith, a long-serving faculty member, provided a significant part of the funding for the development of an Observatory to support the Astronomy program. In 2004 Randy was awarded the honorary degree of Doctor of Public Service for his support of EIU. In 2016 he was recognized as a Distinguished Alumnus by the EIU Alumni Association. In 2017, Randy and his wife Brenda were honored by the EIU Foundation as Distinguished Philanthropist. Randy currently serves on the Board of the Children’s Hospital of San Antonio Foundation and is a member of the MD Anderson Cancer Center Board of Visitors.
MS. SUSAN YOUNG MAHOMET, ILLINOIS
Susan graduated from EIU in 1984 with a Bachelor of Science degree in accounting and a Master of Science degree in taxation in 1990 from DePaul University. Susan retired as Executive Senior Associate Director of Athletics/Chief Financial Officer after serving more than ten years in the summer of 2021. In her role, she oversaw the annual financial operations, capital project funding, and human resources for the division. Susan’s prior supervision in other areas also included the State Farm Center, Orange and Blue Golf Course, Atkins Tennis Center, and IT services. Before her tenure with U of I, she spent nearly six years as Senior Vice President and Chief Operating Officer of First Mid-Illinois Bank & Trust Wealth Management Division in Mattoon. She is an accomplished executive with more than 30 years of tax, financial planning, and investment advisory experience for several firms, including Ernst & Young, Fel-Pro Incorporated, and KKP Group. Susan has been very involved in the Eastern Illinois University Alumni Association, serving as president in 2004-05 and as a board member from 2001 to 2010.
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2021 EIU FOUNDATION REPORT
Members of the EIU Panther Marching Band entertained the crowds during the EIU Homecoming 2021 football game.
Scan the QR Code to the left with the camera on your phone or go to go.eiu.edu/fanfare to sample a selection of music from the Eastern Illinois University Panther’s Marching Band!
2021 EIU FOUNDATION REPORT
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F I N A N C I A L S : W H AT I T A L L M E A N S
The Foundation is an Illinois notfor-profit 501(c)(3) corporation. 25
2021 EIU FOUNDATION REPORT
EIUF FINANCIAL REPORT THE FOLLOWING REPORT DETAILS THE MOST CURRENT AUDITED STATEMENTS DATED JUNE 30, 2020. The EIU Foundation operations budget is underwritten by a
the preliminary statement shows net assets of approximately
distribution from the Brainard Trust, administrative fees generated
$123,900,000 as of July 1, 2021. This preliminary estate is the result
on investments, farm management fees, and earnings from
of strong market growth in the endowment. The EIU Foundation
endowment funds restricted for Foundation operations. Specifically,
provided $1,362,816 in scholarships and $2,543,107 in grants to EIU
an administrative fee of 1.25% is assessed on trusts administered
in FY 2020.
by the Foundation, a fee of .75% on Foundation investments, and 4.75% of gross income on farms, owned by the Foundation.
Foundation investments are overseen by the Foundation’s
Collectively, these sources provided $699,223.00 in revenue to
Investment Committee and the Board of Directors. Allocation
support the Foundation’s operations in FY20.
recommendations are presented by the Foundation’s investment consultants, Fund Evaluation Group (FEG), and approved by
The Foundation has contained operational costs through a
the Board’s Investment Committee before submission to the full
conservative, long-term approach to the budgeting process. As a
board. The Foundation remains focused on achieving investment
result, the Foundation has maintained a stable reserve of funds and
performance that exceeds the approved spending rate of 5% from
was able to deploy some of these reserves in support of University
endowed funds. FEG, based in Cincinnati, Ohio, has been the
priorities identified by the EIU administration the past five fiscal
Foundation’s investment advisor since May 2018.
years.
IMPORTANT FINANCIAL DOCUMENT LINKS
The most current audited statements from FY 20 are presented as part of this annual report. You can also review a copy of the Foundation’s annual federal tax filing, commonly referenced as Form 990. The total net assets for EIUF were $101,034,782 on July 1, 2020. While the FY 21 statements are being finalized,
The following documents are available for review: EIUF FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORT FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX)
EIU FOUNDATION – CHIEF OPERATING OFFICER’S BIOGRAPHY Mr. McKenzie began serving his alma mater in 2004 as an Assistant Director in the Alumni Services Office before joining the senior staff of the Dean of the Lumpkin College of Business and Technology. He presently serves as the Chief Operating Officer of the EIU Foundation. Mr. McKenzie holds bachelor’s and master’s degrees from Eastern Illinois University having graduated in 1999 and 2001 respectively.
JON MCKENZIE, EIUF CHIEF OPERATING OFFICER
EIU FOUNDATION – ASSISTANT TREASURER’S BIOGRAPHY Mr. McCann has served in a variety of administrative roles at EIU since 2006, including Interim Vice President for Business Affairs. He currently serves as Director of Business Services and University Treasurer. Mr. McCann received his bachelor’s degree in business/accounting from Augustana College in Rock Island. In addition to his work at Murphey, Jenne and Jones (now known as Peat Marwick), McCann has served as a partner with the accounting firm of Doehring Winders and Co., LLP, and as chief financial officer with Behnke and Co., Inc., a Decatur insurance firm. PAUL McCANN, EIUF ASSISTANT TREASURER
2021 EIU FOUNDATION REPORT
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F I N A N C I A L S : W H AT I T A L L M E A N S
EIUF ENDOWMENT PERFORMANCE REPORT
THE FOLLOWING INFORMATION OUTLINES INVESTMENT PERFORMANCE WITHIN THE EIUF ENDOWMENT FOR THE PERIOD JULY 1, 2020 TO JUNE 30, 2021. In today’s complex investment landscape, institutions face unique challenges. The mission at Fund Evaluation Group (FEG) is to empower clients to fulfill their missions through superior investment performance, objective insights, and research. FEG is an independent, employee-owned, full-service investment advisory firm with more than 30 years of stability and growth. FEG is headquartered in Cincinnati, Ohio. DAVID CENTER, CFA FUND EVALUATION GROUP SENIOR VICE PRESIDENT CONSULTANT
FEG was contracted by the EIU Foundation to serve as investment advisor beginning May 2018. The EIU Foundation Investment Committee and Board of Directors review and approve investment
recommendations presented by FEG and monitor the firm’s performance relative to EIUF’s investment policy and objectives. The EIUF Board also conducts an on-site due diligence visit as part of our commitment to steward the generous support of EIUF’s many donors and friends.
FEG REPRESENTATIVE BIOGRAPHY David Center is Senior Vice President and a consultant at FEG. He has almost 20 years of experience helping non-profit educational institutions with allocation and policy work, governance and education, as well as manager search and selection. Prior to FEG, Center served as a consultant with Cardinal Investment Advisors, New Leaf Capital Consulting, and Hammond Associates. David received an MSIA (MBA) in Finance & Strategy from Carnegie Mellon University, and holds a bachelor of science in electrical engineering from Lehigh University. David has served on the Board of Directors of the CFA Society of St. Louis, as the President of the CFA Society of Louisiana (formerly FANO), and as the President of the Greater New Orleans Council of Camp Fire USA. David currently resides in Cincinnati, Ohio with his wife and two children.
EIUF ASSET ALLOCATION EIUF’s portfolio is diversified by global risk factors such as global equity, global fixed income, real assets, and diversifying strategies. Approximately 3% of the Foundation portfolio is cash.
GLOBAL EQUITY Stocks, Private Equity, Long/Short Hedge Funds
Bonds, Bank Loans, Credit Hedge Funds
REAL ASSETS Real Estate, Natural Resources, Infrastructure
DIVERSIFYING STRATEGIES Event Driven, Relative Value, Macro
60.5%
16.8%
8.9%
13.5%
ROLE/RISK
ROLE/RISK
ROLE/RISK
ROLE/RISK
Total Return
Equity Risk Mitigation and Total Return
Inflation Protection and Total Return
Diversification and Total Return
Rising Rates and/or Credit Downgrades
Deflation
Poor Manager Execution
WEIGHT
Stock Market Declines
27
GLOBAL FIXED INCOME AND CREDIT
2021 EIU FOUNDATION REPORT
WEIGHT
WEIGHT
WEIGHT
31.1
EIUF TOTAL PORTFOLIO PERFORMANCE Returned 31.1% for the fiscal year 2021 as the markets rebounded from COVID-19. •
EIUF has a diversified, “all-weather” portfolio which has outperformed its primary objective over the past three, five, and ten years. This is despite a
ANNUAL RETURN (%)
•
27.4
11.4
10.3
10.6
10.8
10.2 7.8
7.6
7.7
8.2
6.9
market that has heavily favored U.S. equity since the global financial crisis ended in 2009. 3 Yr
1 Yr EIUF
EIUF COMPOSITE PERFORMANCE
5 Yr
POLICY INDEX
GLOBAL EQUITY
10 Yr
PRIMARY OBJECTIVE (CPI + 5%)
GLOBAL FIXED INCOME
REAL ASSETS
DIVERSIFYING STRATEGIES
54.8
•
EIUF’s portfolio is diversified by global risk ANNUAL RETURN (%)
factors – global equity, global fixed income, real assets, and diversifying strategies. •
In a year of significant transition, but for real assets, the EIUF composites outperformed their respective benchmarks.
42.4
39.3 29.3 20.2 15.0 7.1
-0.1 POLICY INDEX
EIUF
EIUF PRIVATE CAPITAL PERFORMANCE EIUF has about 8.6% of its portfolio allocated to private capital across equity, debt, and real assets with ~75% of it in private equity. •
PRIVATE EQUITY
PRIVATE DEBT
PRIVATE REAL ESTATE
PRIVATE NATURAL RESOURCES
16.3 RETURN (%)
•
TOTAL PRIVATE CAPITAL
12.9 11.6
10.4 8.1
Private capital has added approximately 2.9%
7.3
in return over the public markets. •
Due to the availability of private capital data,
8.7
9.2
the IRR data on this page is provided based upon the most recently available period 0.5
(3/31/2021). •
Illiquidity Premium (%) — 2.9%
•
Illiquidity Premium ($s) — $1,651,960
EIUF
PUBLIC MARKET EQUIVALENT (%)
-5.1
2021 EIU FOUNDATION REPORT
28
F I N A N C I A L S : W H AT I T A L L M E A N S
EVALUATING THE PORTFOLIO FROM A HIGH LEVEL EIUF has outperformed its primary objective (spending + inflation) over the trailing 1, 3-year, and 7-year periods. With a 10-year return of 7.8%, and a current spending rate of 5%, it can be argued that EIUF has achieved its primary objective over 10 years. GLOBAL EQUITY COMPOSITE
REAL ASSETS
• Returned 42.4% for the trailing 1-year period.
• Returned 29.3% for the trailing 1-year period
• Small cap (domestic and international) and EM managers
• Multi-asset manager +21.4% over past year while the Harvest MLP
performed strongly
Income Fund II gained 54.7%.
• PIMCO RAE international has performed strongly (relative and DIVERSIFYING STRATEGIES
absolute) over the past year as value has recovered. • RWC emerging markets equity has returned >59% over the past 1
• Returned +20.2% for the trailing 1-year period outperforming its
year ending June 30.
index by 190bps.
GLOBAL FIXED INCOME
PRIVATE CAPITAL
• Returned +7.1% for the trailing 1-year period, outperforming the
• Private capital is adding about 2.9% over the public markets
BB Aggregate Index (-0.3%)
vs. expectations of 3% or more with natural resources being
• April 2020 decision to add Artisan HY added meaningful value
the largest drag (-5.1%) and private equity being the largest
(23.5% since inception)
contributor (+12.9%)
EIUF SUMMARY PERFORMANCE AND RISK (6/30/2021) It is critical to understand returns in the context of the risk taken. EIUF’s total portfolio risk is about 70% of the risk in global equity. --- RISK --RELATIVE RISK 1 ABSOLUTE RISK BETA VOLATILITY
--- ANNUALIZED --JUL-98 3 MOS YTD
TOTAL FUND 2
POLICY INDEX PRIMARY OBJECTIVE (CPI + 5%) BROAD POLICY (65%/35)
3
GLOBAL EQUITY COMPOSITE MSCI ACWI WORLD INDEX PUBLIC EQUITY MSCI ACWI WORLD INDEX PRIVATE EQUITY GLOBAL FIXED INCOME COMPOSITE PUBLIC INTEREST RATE SENSITIVE BARCLAYS U.S. AGGREGATE BOND INDEX
1 YR
3 YR
5 YR
7 YR
10 YR
31.1%
11.4%
10.8%
7.4%
7.8%
PUBLIC REAL ASSETS BLOOMBERG COMMODITY INDEX ALERIAN MLP INDEX PRIVATE REAL ASSETS DIVERSIFYING STRATEGIES HFRI FOF: CONSERVATIVE INDEX CASH 1
(5 YR. ST. DEV.)
$97,124,221
0.7
10.7
-
$58,746,316
0.9
15.2
$47,065,786
1.1
17.4
6.6%
MARKET VALUE
5.5%
8.9%
4.7 3.5
8.6 6.0
27.4 10.3
10.6 7.7
10.2 7.6
7.5 7.0
8.2 6.9
7.7 7.2
5.4
7.3
24.2
11.7
10.7
7.7
7.8
6.2
6.4 7.4
10.8 12.3
42.4 39.3
14.4 14.6
14.0 14.6
9.7 9.7
10.2 9.9
6.7
11.4
44.0
13.9
13.6
9.2
9.9
-
7.4
12.3
39.3
14.6
14.6
9.7
9.9
-
2.1
2.0
7.1
7.5
4.7
3.6
4.3
-
$7,339,987 $16,296,194
N/A 0.0
N/A 2.9
1.8
-1.6
-0.3
5.3
3.0
3.3
3.4
9.5
16.0
29.3
3.3
4.0
-1.8
-0.2
-
$6,358,788
-
$8,622,862 $8,130,309
N/A 0.8
N/A 13.6
13.3 21.2
21.1 47.8
45.6 64.0
3.9 -0.3
2.4 -1.1
-4.1 -5.7
-4.4 1.1
-
3.3
5.6
20.2
9.5
8.7
6.0
6.3
-
$492,553 $13,077,294
N/A 0.3
N/A 5.9
2.2
5.8
15.0
5.3
5.1
3.5
3.5
-
1.1
-1.0
-0.1
5.3
3.2
2.5
3.2
PRIVATE CREDIT REAL ASSETS COMPOSITE
(5 YR. BETA)
INCEPTION
10.2
17.3
31.2
3.9
4.5
-1.8
-0.1
-
-
$9,937,406
0.0
0.9
2.9
14.3
$381,555
Beta calculation is relative to MSCI ACWI Index.
Policy Index is currently comprised of: 5.0% PIMCO Inflation Response Multi Asset Index, 6.5% Thomson One All Private Equity Index, 1.0% Thomson One Mezzanine Index, 23.0% Russell 3000 Index, 16.0% MSCI EAFE Index, 9.0% MSCI Emerging Markets Index, 13.0% Bloomberg Barclays US Aggregate Index, 2.0% Alerian MLP Index, 22.0% HFRI FOF: Conservative Index, and 2.5% HFRI FOF: Strategic Index. Please see Appendix for benchmark history.
2
Broad Policy Index is comprised of: 70.0% MSCI AC World Index and 30.0% Bloomberg Barclays US Aggregate Index.
3
29
2021 EIU FOUNDATION REPORT
EASTERN ILLINOIS UNIVERSITY FOUNDATION NEAL WELCOME CENTER 860 W. LINCOLN AVENUE CHARLESTON, IL 61920-2405 (217) 581-3313
MISSION STATEMENT The Eastern Illinois University Foundation exists for the following purposes: To encourage and provide private support to Eastern Illinois University, including the region which the University serves, and to promote the ideals of volunteerism and philanthropy among alumni, friends and employees of the University; To assist and support Eastern Illinois University’s educational and cultural mission through encouraging philanthropic gifts of cash, property and other materials of educational and artistic value; and To enhance the educational activities of Eastern Illinois University students and employees by participating in and supporting academic and artistic programming through scholarships and grants.
2021 EIU FOUNDATION REPORT
30
Old Main is lit up the winter holiday season for all passersby to enjoy.
M A K E A N O N L I N E G I F T T O D AY AT E I U . E D U / G I V I N G . P H P.
eiu.edu/advancement