2023 EIU Foundation Annual Report

Page 1

2023 FOUNDATION ANNUAL REPORT

THE FOUNDATION REFLECTS ON ITS 70 -YEAR MISSION


WELCOME MESSAGE

HAPPY 70TH BIRTHDAY TO THE EASTERN ILLINOIS UNIVERSITY FOUNDATION!

A MESSAGE FROM EIU FOUNDATION – EXECUTIVE OFFICER JON MCKENZIE ’99, ’01 Mr. McKenzie began serving his alma mater in 2004 as an Assistant Director in the Alumni Services Office before joining the staff of the Dean of the Lumpkin College of Business and Technology. He’s led the EIU Foundation since 2014 and currently serves as the Foundation’s Executive Officer. Mr. McKenzie holds bachelor’s and master’s degrees from Eastern Illinois University having graduated in 1999 and 2001 respectively.

Established on June 8, 1953 the EIU Foundation has proudly served Eastern Illinois University through a shared vision and collaboration with EIU alumni and supporters that continues to this day! As a reminder of our shared history, the EIU Alumni Association was founded in 1905 and an important alumnus led initiative was the creation of a scholarship honoring EIU’s first president, Livingston C. Lord. By the early 1950’s college leaders determined that EIU needed a charitable foundation to receipt and administer charitable gifts. The Eastern Illinois State College Foundation (as Eastern Illinois University Foundation was originally called) held a board meeting on June 4, 1954 and adopted a resolution accepting the transfer of assets constituting the Lord Scholarship (then valued at $9,000) from the EIU Alumni Association to the EIU Foundation. The resolution further agreed to manage the scholarship as an endowment, EIU’s very first endowed fund! It’s been a great and enduring partnership! The EIU Foundation and the EIU Alumni Association routinely co-sponsor alumni and donor recognition gatherings at Homecoming. Likewise, the EIU Foundation maintains a strong partnership with the EIU Annuitants Association which is composed of retired faculty and staff. As with the EIU Alumni Association, the EIU Annuitants Association also has an endowed scholarship with EIUF. The common vision all three organizations share is benefiting EIU in powerful ways and we’re very thankful! It’s been an impressive seven decades! The EIU Foundation started with a single endowed scholarship and a few thousand dollars in assets. Today, the EIU Foundation manages more than 700 endowed funds with assets exceeding $100 million! It’s an extraordinary statement on the power of our alumni and donors to better EIU and improve the lives of countless EIU students. We owe our success to you, our alumni and donors. Your passion for EIU is making a positive difference. The future for EIU is bright and the EIU Foundation looks to that future with the same determination as when we started. With gratitude and appreciation,

Jon McKenzie ’99, ‘01 Executive Officer Eastern Illinois University Foundation

1

2023 EIU FOUNDATION REPORT


H Ogden Brainard is pictured right holding a framed photo of Brainard Hall (pictured above) at the building’s dedication in his name.

The Brainard House, pictured above, was named in honor of H Ogden Brainard in 1986, in tribute to his lifetime of service to EIU and the EIU Foundation. While no longer in use by the Foundation, it currently houses EIU Alumni Services and still bears Brainard’s name.

TA B L E O F C O N T E N T S WELCOME MESSAGE A Message from EIU Foundation Executive Officer Jon McKenzie

P. 1

PLANNING & REFLECTION Advancing Opportunity, Promoting Growth & Serving the Region

P. 3

PLANNED GIVING, RECOGNITION Heritage Society Recognition

P. 15

EIU FOUNDATION BOARD OF DIRECTORS Message from the EIU Foundation President

P. 17

Board Welcomes New Members and President

P. 19-23

FINANCIALS: WHAT IT ALL MEANS EIUF Financial Report

P. 25

The Emergence of a New Building in Support of an Ongoing Mission

Pgs. 5-6

Remembering and Honoring our Past

Pgs. 7-9

• EIUF Financial Statements & Independent Auditor’s Report

Presidential Investiture Ceremony Available to View Online

P. 10

• Form 990 (Return of Organization Exempt From Income Tax)

TRANSFORMING LIVES Leaving a Legacy

Pgs. 11-12

Scholarship Recipients

Pgs. 13-14

EIUF Endowment Performance Report

Pgs. 27-29

MISSION STATEMENT

Pgs. 30

2023 EIU FOUNDATION REPORT

2


PA S T, P R E S E N T & F U T U R E

ADVANCING OPPORTUNITY, PROMOTING GROWTH & SERVING THE REGION I am reminded every day of the special roles our faculty, staff, students, retirees, and campus visitors play in Charleston, Coles County, and our surrounding communities. For almost 130 years, EIU has been a driver of economic development and positive social change across our region and state. I’m proud of the work we’ve done and excited about the future.

EIU’S ROLE ON LOCAL DEVELOPMENT Eastern is also committed to contributing to the development of the region and deepening connections with the community. To that end, campus is engaged with Charleston CAN, investing strategic resources to fund EIU’s Small Business Development Center at Elevate, and advancing the Illinois Innovation Network’s priorities in

While many community members mark the University

partnership with Lake Land College with the creation of

calendar using the familiar milestones of move-in day and

the East-Central Illinois Hub that includes an investment

commencement in May, I hope you’ll join me in celebrating

of nearly $1m to enhance EIU’s CENCERE Center. Hub

the positive difference Eastern makes in our communities

renovations begin soon—and plans, as well as funding, for a

and neighborhoods year-round.

new Science Building continue to move forward.

IMPACT ON LOCAL COMMUNITY

You’re invited to enjoy our athletic events and experience

Indeed, EIU’s impact on East Central Illinois goes above

Fine Arts Center and exhibitions at the Tarble Arts Center.

and beyond simple economics, as our staff and faculty are also community leaders who care deeply about rural communities. For example, Charleston’s Butterfly Initiative, known as the UBI, was driven by the passion and vision of biologist Dr. Paul Switzer, who has spearheaded partnerships with volunteers and other non-profits to install and maintain new habitat across the city and the county.

our creative offerings, including performances at the Doudna

STRATEGIC PLAN I am confident that our positive trajectory will continue as EIU launches Explore 2028, a strategic framework for guiding EIU—its students, employees, and community members alike—toward achieving success for all learners, engaging with the community and world, creating a leading-

EIU’s campus is also a hub of activity throughout the

edge campus and culture, and focusing on innovative and

summer, beginning with the annual IHSA State Track meets

sustainable ways to resource EIU’s critical mission.

and followed by the prestigious partnerships EIU shares with the American Legion’s Illini Girls State and Illini Boys State programs. EIU has been home to these programs for nearly 40 and 50 years, respectively. Eastern also hosts hundreds of middle school and high school students for music camps, athletic camps, and other programs facilitated by faculty

I am excited and passionate about the future of EIU, our students, and community. I invite you to explore Plan 2028 at go.eiu.edu/SPJune23, and to join us in enhancing the lives and opportunities of the people and businesses who call East Central Illinois home.

and staff. Additionally, our campus partners with outside organizations such as the Phantom Regiment, SmithWalbridge Clinics, and many others. When all combined

3

campus, conferences, and events are considered, EIU hosts

Jay D. Gatrell

roughly 12,000 visitors between mid-May and August and

President

contributes to the overall vibrancy of Coles County.

Eastern Illinois University

2023 EIU FOUNDATION REPORT


LEARN MORE ABOUT PLAN 2028, EIU’S STRATEGIC INITIATIVE PLAN, AT GO.EIU.EDU/SPJUNE23 2023 EIU FOUNDATION REPORT

4


PLANNING & REFLECTION

5

2023 EIU FOUNDATION REPORT


THE EMERGENCE OF A NEW BUILDING IN SUPPORT OF AN ONGOING MISSION

In 1991, Burnham, Nancy and Rosemary Neal (of Neal Tire & Auto fame) had a vision for their philanthropy. They realized the future would require an expanded home for EIU’s growing Foundation. None of the Neal family attended Eastern Illinois University—but as Coles and Cumberland County residents, they recognized a need to strengthen the broader community of East Central Illinois, and to assist young people from cities and small rural communities alike who wished to attend EIU. Their vision included a highly visible and accessible point of access to the University community for both prospective students and donors. The Neal family translated that vision into action by privately funding a “Welcome Center” to provide a new, more functional home for the Foundation and to serve Charleston-bound families with prospective EIU students. They envisioned guests from surrounding communities and Chicago, be they alumni, prospective students, donors or other friends of the Foundation and University, being welcomed graciously when visiting. Their donations and foresight led to the opening of the Neal Welcome Center in 2002. The center’s architecture firmly embraces and exudes Burnham, Nancy, and Rosemary Neal’s shared vision for Eastern Illinois University Foundation that captured their own sense of hospitality. Through their collective philanthropy, the Neal family has accomplished that vision.

ABOVE: View of Neal Welcome Center from Lincoln Avenue as you enter the city of Charleston.

Today, the EIU Foundation is governed by a eleven-member board composed of friends and alumni from around the country. The EIU Foundation continues to work with EIU to

RIGHT: Burnham Neal (right) getting ready to cut a ribbon to open the Neal Welcome Center in 2002.

secure the brightest future possible for the University and its students.

LEFT: The atrium and conference room (BOTTOM RIGHT) have played share to their fare share of events since the building opening.

BELOW: View of main entrance and circle drive.

BOTTOM LEFT: View from second floor north window.

2023 EIU FOUNDATION REPORT

6


PLANNING & REFLECTION

REMEMBERING AND HONORING OUR PAST LOOKING BACK AT THE PEOPLE WHO HELPED US GET HERE.

As the Eastern Illinois University Foundation celebrates its 70th anniversary this year, it seems fitting to commemorate our history, and to celebrate the innovative men and women who laid the groundwork that allows us to continue our important work on behalf of the University. THE FOUNDATION IS BORN

Brainard taught and coached

Seventy years ago, a Charleston attorney was the guiding

School from 1925 to 1927, and

force behind the creation of the Eastern Illinois University

taught at Morris (Illinois) High

Foundation.

School from 1927 to 1931. He

students at Atlanta (Illinois) High

received his Juris Doctorate from H Ogden Brainard was approached to help establish a scholarship in the memory of Eastern’ s First President, Livingston C. Lord. He determined that a not-for-profit

the University of Illinois Law School H Ogden Brainard ‘25

in 1933. Brainard was admitted to the State of Illinois Bar in 1933,

corporation needed to be established to achieve this

simultaneously being admitted to practice in the Supreme

goal. He began by setting up their bank account and

Court of Appeals and the U.S. District Courts.

administering the funds, drafting by-laws, and taking each of the incremental steps needed to create the Eastern Illinois

He had general practice and experience in trial work in the

University Foundation in 1953.

State and Federal Courts until 1934, when he formed part of the Federal Land Bank of St. Louis legal staff. In 1935, he

Under Brainard’s leadership, the Eastern Illinois University

returned to Charleston to set up a general practice.

Foundation became a vital means for alumni and friends to support EIU through charitable giving. The EIU Foundation

Brainard worked closely with the University and in 1953 he

continues to make critical resources available to the

helped organize the Eastern Illinois University Foundation.

University community in an effort to strengthen student

He was among the first members of its Board of Directors.

services.

He also was a recipient of two high honors from his alma mater—an honorary degree and a distinguished alumnus

Brainard was given the title of Honorary Director in

award.

recognition of his dedicated service.

THE HONORARY DIRECTOR H Ogden Brainard was born in Vincennes, Indiana on

7

Brainard named the Foundation to serve as trustee of the H Ogden Brainard Residuary Trust following his passing. In 1986, the two-story frame house located at 1548 Fourth Street purchased by the Foundation was named “Brainard

March 6, 1905. He attended public schools in Charleston

House,” and has since become a tribute to Brainard,

and graduated from Eastern Illinois University in 1925.

symbolizing the spirit of his generosity.

2023 EIU FOUNDATION REPORT


THE FOUNDING BOARD OF DIRECTORS In an emotional speech celebrating his career contributions to EIU and to the EIU Foundation, H Ogden Brainard was noted as saying “this is an emotional moment…I plead guilty to organizing the Foundation, but the executive officers and the members of the Board of Directors have made it go.” The others Brainard spoke of included fellow founders and the other original board members: Stanley Elam, Ruby Harris, Lewis Linder, Harold Marker, Esther McCrory, Bruce Rardin, Arthur L. Riche, and Newton Tarble.

Stanley Elam

Ruby Harris ‘12

Stanley Elam was an Assistant Professor and

Berkeley, Indiana University, and the University of

Director Public Relations at EIU from 1946-56.

Pennsylvania. He was a textbook academician,

Prior, he served as principal and teacher for

having spent time teaching and doing research

Jewett (Illinois) High School and superintendent

in Alaska and California and on the opposite

of Jewett Public Schools. He also spent time

end of the country in New York. An editor of 48

as principal of Willow Hill (Illinois) High School

books, Elam also authored numerous articles

and superintendent of Allerton (Illinois) Public

for the Education Press Association. He served

School. Elam was co-director of six national

in the United States Navy during the tail end of

institutions on collective negotiations in

World War II who, upon returning to the States

education at major universities, including

after the War, used his scarce moments of

Harvard University, the University of California-

relaxation to enjoy golf, bowling, and reading.

Ruby Harris was born October 26, 1890 in St.

and confident manner, and was rewarded by

Louis. She worked at Eastern for 33 years. She

being named acting head of the department

graduated from EIU in 1912 before landing a

from 1942-1946. Harris also served as editor

teaching role as a professor in the Geography

and consultant for Rand-McNally Co. and as a

Department. She continued her education

consultant and collaborator on film strips for the

while at EIU, earning an additional Bachelor of

Society of Visual Education. She was the author

Science degree in 1923 and a master’s degree

of “Handbook of Map and Globe Usage.”

in 1932, both from the University of Chicago.

Harris retired June 1, 1956, having earned status

She leveraged her knowledge of geography

as an emeritus professor of geography.

with her administrative skills in a commanding

Lewis Linder was a prominent Charleston

Linder Clothing Company—and operated that

businessman. Linder was the first person to

business until his retirement in 1949. As an EIU

attend Eastern Illinois Normal School from first

advocate, Linder also served on the Executive

grade through college, enrolling in 1899 and

Committee of the Alumni Association and as

graduating with a two-year degree in 1911.

President of the EIU Foundation for several

Lewis went on to earn an A.B. degree from

years.

the University of Illinois in 1914. He joined his Lewis Linder ‘11

father’s clothing store business in 1914—the

2023 EIU FOUNDATION REPORT

8


PLANNING & REFLECTION

Harold Marker earned a Bachelor of Science

(1937) from EIU. Marker also served as the

degree from EIU in 1934. He was the owner

Foundation Board’s president from 1959 to 1961,

of Marker Machine Company, and played a

earning an honorary lifetime membership in the

lead role in developing a patented passivation

Foundation. He established the Dorothy and

process for gun barrels—a service he provided

Harold Marker Fund to enhance educational

to customers across America and internationally.

opportunities for EIU students.

He also earned degrees in math and physics Harold Marker ‘34, ‘37

Esther McCrory was born Feb. 24, 1889, in

spent teaching in Paxton and Charleston

Charleston. She was a member of the Order

public grade schools. She served as secretary

of the Eastern Star Presbyterian Church. She

and treasurer of the Alumni Association, and

graduated from Illinois State Teachers College

was a charter member of the Sally Lincoln

in 1910 and attended school at Lasell Seminary

Chapter of the Daughters of the American

in Auburndale, Massachusetts the following

Revolution. McCrory retired from teaching in

year. The next fourteen years of her life were

1926.

Bruce Rardin graduated from Illinois State

having served the Rardin Bank prior to his

Normal School in 1910. He was the senior vice

association with the Charleston National Bank.

president and trust officer of the Charleston

He was vice president of the Charleston Bank

National Bank. He had been engaged in

when it initially opened February 26, 1934.

banking in Coles County for many years,

A.L. Riche also graduated from Illinois State

in myriad electrical equipment across broad

Normal School in 1910. He was vice president

fields of industry, varying from small, handheld

for Micro Switch—a company that was

scientific instruments to giant locomotives,

responsible for the creation and development

juke boxes and the great “200” telescope. He

of oil burner thermostats in Freeport, Illinois in

retired from Micro Switch in 1954.

1932. This electrical “Micro Switch” was used

A.L. Riche ‘10

Newton Tarble ex ‘09

9

Newton Tarble attended Eastern Illinois

basis. Eventually these “Snap-On Salesmen”

State Normal School from 1905-1909. He

became independent businessmen and

was a founding partner of the Snap-On

authorized dealers, using larger walk-in vans to

Tools Company. After being brought in to

carry a growing product line. Tarble’s business

the Snap-On enterprise, Tarble developed

ventures allowed him to donate $1 million to

routes for company dealers so that mechanics

EIU in 1974 to create the Tarble Arts Center,

and other end users could be updated on

which first opened its doors to the public in

new and innovative products on a weekly

1982.

2023 EIU FOUNDATION REPORT


PRESIDENTIAL INVESTITURE CEREMONY AVAILABLE TO VIEW ONLINE Dr. Jay Gatrell was formally inducted as the twelfth sitting president of Eastern Illinois University on Wednesday, Nov. 15 at the Doudna Fine Arts Center’s Dvorak Concert Hall. The ceremony was attended by members of the Charleston and University Community, including EIU faculty, staff and students, EIU Foundation President Dawn Johnson, and three former EIU presidents. Guest speaker Harlan Cohen offered words of inspiration.

REVEREND LY’JERRICK WARD HELPED DELIVER THE BLESSING OF OUR STUDENTS.

EIU PRESIDENT JAY GATRELL

FROM LEFT: DR. BERNIE C. RANCHERO, EIU BOARD OF TRUSTEES MEMBER; DR. LOUIS V. HENCKEN, FORMER EIU PRESIDENT; JOYCE MADIGAN, EIU BOARD OF TRUSTEES CHAIRPERSON

W AT C H T H E C E R E M O N Y I N F U L L .

HARLAN COHEN, AUTHOR AND JOURNALIST, SERVED AS A GUEST SPEAKER.

DIRECTOR OF BANDS DR. ALICIA NEAL PERFORMED WITH THE EIU WIND SYMPHONY.

go.eiu.edu/investiture 2023 EIU FOUNDATION REPORT

10


TRANSFORMING LIVES

LEAVING A LEGACY

EIU FOUNDATION PAYS TRIBUTE TO JERRY AND MARTHA DRAKE WITH 2022 OUTSTANDING PHILANTHROPIST AWARD

“Martha and Jerry were exceptional people and a magnificent team, steadfast in their devotion to EIU and the success of our students,” said Jon McKenzie, Foundation Executive Officer. “This recognition acknowledges their impact and pays tribute to the role they and supporters like them have in connecting our students with the resources they need to complete their degree programs and make an impact in their own homes and communities.” Jerry was born on January 2, 1926, while Martha was born on October 27, 1928—both in Mattoon. Following high school, Jerry and Martha’s EIU story began in the late 1940s, where the two met and fell in love, culminating in their marriage on March 4, 1950. Jerry earned degrees in physics and chemistry, while Martha earned a bachelor’s degree in Elementary Education. Martha and Jerry settled in Urbana in 1954, where Jerry combined his EIU education with the skills he retained as a U.S. Navy veteran to support WCIA’s engineering department. At WCIA, he primarily worked at the transmitter, prior to the station becoming fully televised

ABOVE: J. Steven Beckett accepted the Outstanding Philanthropist Award on behalf of the Drake Estate from Foundation President Dawn Johnson and Foundation Executive Officer Jon McKenzie. RIGHT: Becket presented the Foundation with a commemorative pencil drawing of Martha Drake.

later on. Meanwhile, Martha worked as an elementary

11

school teacher for Urbana #116 Schools starting in 1955.

Jerry was a lifelong member of the American Legion in

She taught fourth grade at Thornburn School until 1971,

Mattoon and an amateur radio operator and member of the

and thereafter was a second-grade teacher at Thomas

Air Force Military Affiliated Radio Systems and Ham Radio

Paine School. She was highly regarded as an enthusiastic

Club in Champaign/Urbana. He also was a member of the

and engaged teacher by her extensive network of

Society of Broadcast Engineers. In his spare time, Jerry

students, staff, and administrators throughout the Urbana

enjoyed joining in with local barber shop quartets as a lead

School District from 1955 until her retirement in 1988.

singer, photography, and jazz music. He had a very special

2023 EIU FOUNDATION REPORT


Gerald “Jerry” Drake

Martha Drake

The Philanthropist of the Year award is given to individuals and organizations who have demonstrated a sincere dedication and commitment to the financial, academic, and cultural well-being of EIU. The critical support and sustaining financial commitments provided ABOVE: Gerald (Jerry) and Martha Drake pictured along side three other

by these distinguished philanthropists are essential to

graduating couples in 1951. The Drakes are the first couple.

the future of the university and the students it serves.

connection to animals of all varieties—he and Martha have

friends to provide private support to the University, and to

had many cats over the years who were unquestionably a

promote the ideals of volunteerism and philanthropy.

big part of their family. The EIU Foundation is proud to recognize Jerry and Martha When it comes to philanthropy, Jerry and Martha

Drake, and to acknowledge the important work they’ve

appreciated and advocated for the personal, social, and

done to enhance the EIU experience for our talented and

educational opportunities they shared at Eastern Illinois

ambitious students.

University. So much, in fact, that they endowed scholarships at EIU—the Gerald Alison Drake Scholarship for students pursuing a degree in Physics and the Martha Ann Drake Scholarship for students pursuing careers in Elementary Education. Scholarships are increasingly essential to the success of EIU’s students. Since 1953 the EIU Foundation has reinforced, enhanced, and uplifted the opportunities Eastern Illinois University creates for its students and for their families. The

YOU, TOO, CAN JOIN US IN THAT MISSION Consider making your gift online today at eiu.edu/giving.php or explore the breadth of our important work at eiu.edu/advancement and eiu.edu/found.

Foundation depends upon the generosity of alumni and

2023 EIU FOUNDATION REPORT

12


TRANSFORMING LIVES

SCHOLARSHIP RECIPIENTS ALLISON EDWARDS RECIPIENT OF THE MARY M. GRADO, RN, MS SCHOLARSHIP IN NURSING I want to express my deepest gratitude to the donors of the Mary M. Grado Scholarship in Nursing. Donors like you are the reason I will be able to receive a college degree, one of the first ever in my family. One day, I hope to be in the position to be able to pass it forward and be the reason someone else is able to receive higher education.

AARON THOMPSON RECIPIENT OF THE BGS DEGREE COMPLETION SCHOLARSHIP I am incredibly grateful to have been chosen as a recipient of the Bachelor of General Studies Degree Completion Scholarship. Your generosity and support will have a significant impact on my educational journey. Your belief in the power of education and commitment to investing in the potential of students like myself is truly inspiring. I am deeply grateful for your investment in my future and pledge to honor your generosity by working diligently toward my goals.

ELLA ALY RECIPIENT OF THE PRESIDENT DOUDNA MEMORIAL SCHOLARSHIP I would like to extend my thanks for establishing this scholarship opportunity in honor of President Doudna. It is a wonderful tribute that recognizes the importance of education and President Doudna’s impact in the field. Your thoughtful gesture has lightened my financial burden and inspired me to strive for excellence.

DYLAN MATSUMOTO RECIPIENT OF THE RYAN STRUEBING DISTINGUISHED GRADUATE STUDENT AWARD Receiving this scholarship is very meaningful to me because it helps alleviate the financial burden that all college students go through. It has allowed me to focus more on my studies. Thank you so much, Mr. and Mrs. Struebing! As I have let you know, I am extremely grateful to receive the scholarship created in honor of your son.

EDYTH TREADWAY RECIPIENT OF THE MARTHA ELIZABETH AND VERNICE ELZIE CLARK MEMORIAL SCHOLARSHIP The generosity that you have shown in selecting me as this year’s award recipient means the world to me. By providing me with this financial contribution towards my education I can continue to pursue my passion for teaching. I am passionate about helping foster an environment where children can learn and grow safely and lovingly. This scholarship gives me the ability to keep pursuing my calling.

13

2023 EIU FOUNDATION REPORT

KAI MAGED RECIPIENT OF THE RONALD AND MYRA JEFFRIS DISTINGUISHED SCHOLARS FUND Your generosity has opened up many opportunities for me that would have otherwise not been possible – further strengthening the idea that hard work and perseverance do pay off. I am committed to utilizing your assistance to the fullest possibility and will work hard to achieve my goals, which are now closer than ever thanks to you.


Alumni donations, regardless of their size, make a significant impact on the lives of EIU students. Here are a few testimonials from recent scholarship recipients. Go to eiu.edu/scholarships for more information on these and other existing scholarships. Details on how to support EIU scholarships can be found at eiu.edu/advancement/how-to-give.php.

CHINEDU OKORO RECIPIENT OF THE SIDNEY R. STEELE STUDENT SUMMER AWARD I’m so happy about the Sidney R. Steele Student Summer Award that was given to me because of the positive impact it’s going to make on my study as well as on my career goal, therefore I say a huge thanks to the donor for giving this huge opportunity and also, as you have donated to us the needy so shall other come to your rescue when you or your family may need their help. Thank you

JORDAN LEIHSER RECIPIENT OF THE HANS C. OLSEN SCHOLARSHIP I would like to say thank you so much for your hospitality to the students at EIU for this opportunity. I think I speak for everyone when I say that I am so grateful for this act of kindness. You have relieved such a great deal of stress from a plethora of stressed out college kids and I appreciated your hospitality more than you could ever know and more than my words could ever describe.

once again.

DIANA AYALA-REYNA RECIPIENT OF THE LORI JAMES MEMORIAL SCHOLARSHIP Once I received the notification that I got accepted for the Lori James Memorial Scholarship, I got emotional because it is a blessing. I was so worried that I would work for my education without help. I will do my part to repay you by doing well

AALIYAH ENTER RECIPIENT OF THE BUD AND JO SANDERS SCHOLARSHIP It is in my honor to receive this scholarship. I’ve known that this was the path for me ever since I realized math was interesting to me. Your scholarship offer is going to help turn this dream into a reality and I’m so grateful for that. Thank you for all your efforts and endless kindness.

academically. I will make good use of this scholarship. Thank you so much.

AYOMIDE AKINYEMI RECIPIENT OF THE DR. LIZ ZHANG AND DR. HANG ZHANG SCHOLARSHIP Receiving this scholarship is a dream come true for me, and I am honored and grateful to be a recipient. I can’t thank you enough for the positive influence you’ve had on my life. I sincerely appreciate your investment in my education and future. Your kindness has not only made a significant difference in my life, but has also inspired me to help others in need. I hope to be able to help others as you have helped me in the future.

JAYLEEN HERNANDEZ RECIPIENT OF THE GERARDO J. SOLIS LATINO/LATINA SCHOLARSHIP As a Latino woman, I know there can be more hurdles for us to endure to reach our academic destination than other students. This scholarship is truly a blessing for me and other Latino and Latina students attending the University working to achieve our academic degrees and careers. Latinos and Latinas are a driving force, and I am extremely proud to represent them. It really is a joy that I can make my family proud, especially my parents, as they have done so much for me. Thank you for the scholarship. 2023 EIU FOUNDATION REPORT

14


PLANNED GIVING, RECOGNITION

HERITAGE SOCIETY RECOGNITION The Eastern Illinois University Foundation’s Heritage Society honors those who make the commitment to support the University, its students and related programs through planned gifts. It is through contributions like these that EIU will be able to continue its work well into the future.

15

Sigrid K. Aeschleman

Dr. Cheryl M. Crates

Dennis M. Grannan

Jeffrey P. Knezovich

Arnold A. Aeschleman

Lee A. Davies

Brad J. Green

Keith K. Kohanzo

Gary R. Aldridge

Dr. Lauri J. DeRuiter-Willems

Janelle S. Griffin

Dr. Helen J. Krehbiel

Rebecca J. Andrews

Sheila L. Dively

Jacob A. Griffin

Barb J. Kuhl

James R. Andrews

Joe R. Dively

Jerry C. Groniger

David Kuhl

Timothy N. Ansley

Donald G. Dotzauer

Mitch Gurick

Stephen L. Kull

Margaret A. Ansley

Nancy C. Douglas de Baca

Percy Hale Jr.

Dr. Jon M. Laible

Jeffrey M. Augustine

Dr. Ruth Dow

Perry R. Hall

Mary L. LaLonde

Suzanne R. Baier

Robert L. Dowdy

Dale A. Hanner

Dr. Herbert M. Lasky

Victor F. Balasi

Sean M. Drendel

Dr. Mary Anne Hanner

Latanya M. Law

Becky K. Ballou

Lynn E. Durham

Tamara L. Hascek

Everett M. Lawrence

Donald Ballou

Dr. Charles G. Eberly

Stephanie L. Henry

Dr. Gloria A. Leitschuh

Robert L. Bandera Sr.

Sharon R. Eberly

Joshua K. Henry

Curt Leonard

Hilda J. Bandera

Rhonda L. Edwards-Noggle

Steve D. Hernandez

Barbara E. Leonard

Dr. Suzanne I. Barchers

Jane A. Elmore

Dr. Michael L. Hicks

Richard D. Leonatti

Edmund S. Berchert Jr.

Janet E. Ernst

Dr. William C. Hine

Jane A. Lockett

Egg E. Berry

Hobart V. Eroh

Donald R. Hisgen

Al F. Longtin

Ronald A. Bouchard

Kathleen A. Eroh

Celeste Hisgen

Mark Luecke

Michael C. Boyer

Judy A. Ethell

Deane J. Hoehn

Teri J. Luecke

James M. Bradford

Sherri L. Faith

Thomas R. Hoehn

Dr. Carol A. Lundgren

Jim V. Bradham

Marlys K. Fallen

Anne K. Hofferkamp

Dr. Barbara A. Maier

C. J. Bradham

Joan M. Farwell-Sargent

Dr. Ray Hoops

Bob Martin

Bob Breving

Erin R. Feinstein

Charles W. Huber

Dr. David J. Maurer

Marlene Brotherton

Brian T. Foley

Susan D. Hunt

Robert N. McMillen

Mary Ruth Carleton

Delena G. Foster

Bruce A. Hunt

Julie L. McMillen

Janet L. Carlock

Amy R. Frank

Jeffrey S. Hunt

Dr. Roy A. Meyerholtz

Phil D. Carlock

Harry W. Frost

Rick L. Ingram

Patricia M. Meyerholtz

Charles R. Casey

Gladys M. Frost

Dr. Judith M. James

Marilyn N. Miller

Dr. Annette Christy

Lon Fulte

Steve W. Jasinski

Georgeann Miller

Michael H. Chron

Jean M. Galovich

Myra M. Jeffris

Dr. C. Edward Miller

Maxine Cole

Marilyn J. Gerdt

Ron D. Jeffris

Karen J. Miller

Debbie M. Coleman

Susan L. Gilpin

Chris Johnson

Jacqueline L. Mollet

Dr. Mary L. Coleman

Robert F. Glover

Randy L. Johnson

Dr. Shirley B. Moore

Sara R. Coppernoll

Stephen A. Gosselin

Kathryn E. Jones

Lisa J. Moore

Al Corzine III

Dr. Gordon L. Grado

William C. Keiper

Dennis C. Muchmore

Madeline C. Covi

Mary M. Grado

Bradley C. Knell

Daniel W. Musser

2023 EIU FOUNDATION REPORT


Brian E. Myerscough

Dr. Patricia S. Poulter

Lila M. Scott

Larry F. Uebner

Garry J. Nelson

Mary J. Quinn

Justin T. Seno

Elaine L. Wagner

Jim Newkirk Jr.

Jan Reetz

Dr. Mark A. Shatz

Dr. Victor D. Wall

Hank C. Nilsen

Rustin S. Regentz

Steve Shirar

Dr. Lida G. Wall

Dr. Jill F. Nilsen

Karen M. Rehwinkel

Terry Shockley

Robert P. Warner

Barbara J. Nordin

Dr. Debra A. Reid

Vicki M. Shockley

Dr. Joseph A. Weber

Kevinetta C. O’Brien

Michael L. Reynolds

John W. Shuppert

Dr. William V. Weber

Linda L. O’Rourke

Kathy E. Rhodes

Rose Ann Sigborn

Dr. Margaret J. Weber

Bill G. O’Rourke

Carol A. Richardson

Rod E. Sink

Sheila A. Westcott

David Paddock

Dr. Gary J. Robertson

Lori L. Sink

Christine E. Westerlund

Sandra L. Paddock

Patricia R. Robinson

Greydon A. Smith

F. Dale Whitten

Vaughn J. Page

Ronald R. Robinson

Kathy A. Snyder

Dr. John R. Willems

Nancy C. Page

Dr. Charles A. Rohn

Paul L. Snyder

Julia A. Wilson

Dr. Terrance C. Parks

Janice K. Rohn

Dr. Sandra Spalt-Fulte

Dr. Stephen Wilson

Judy G. Peacock

Rodney W. Roosevelt, Ph.D.

Dr. Carol D. Stevens

Leslie A. Wilson

Susan E. Peck

Mel A. Rushton

Cindra K. Stiff

Debra M. Witges

Alex J. Peck

Dr. Joy L. Russell

Cal L. Stockman

Dr. Bill Wootton

Larry D. Penman

Isolina-Maria Sanchez

Judy A. Stockman

Mike Yager

Linda G. Penman

Marilyn L. Satterwhite

Sue E. Taylor

Carleen J. Yates

Kevin T. Piket

Bill Satterwhite

Randy Taylor

Dr. Roger L. Yates

Jack R. Pine

John D. Schmitt

Edward F. Taylor

Jeremy R. Yost

Norman K. Plummer

Jeffrey G. Scott

Connie L. Taylor

Shirley Zabka

Tom Polgreen

Col. Harvey L. Zimmerle

THE HERITAGE SOCIETY PIN The Heritage Society celebrates the generosity of donors who believe in transformational change for EIU. The eserved for Go to eiu.edu/advancement/legacy.php for planned gifts programs details.

those who have been recognized with this honor and distinction.

2023 EIU FOUNDATION REPORT

16


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 EIU FOUNDATION PRESIDENT Dawn Morville Johnson, President Eastern Illinois University Foundation Board of Directors 2023-2024

It is an exciting time to embrace and reconnect

further strengthen the University and help it

with your alma mater – this “hidden gem” in

move forward with its goals.

rural Illinois for more than 125 years! Eastern articulated those goals and achieved Ranked as one of the best college values in the

a milestone in the summer of 2023 when it

Midwest, Eastern Illinois University is poised for

unveiled its new strategic plan, which can be

growth as it welcomes a new president, Dr. Jay

found at eiu.edu/strategic plan. Developed

Gatrell, who served as Provost, Executive Vice

under the leadership of then-Provost Dr. Gatrell

President for Academic Affairs, under former

and a task force, “Plan 2028” revolves around

President David Glassman, who retired in June

four interconnected themes with 14 strategic

2023. By working directly under Dr. Glassman,

initiatives that require annual evaluations,

President Gatrell is already familiar with the

ensuring it will not just sit on a shelf. It reflects a

progress made during the past few years with

well-thought-out vision for the University as we

increasing enrollment and financial stability after

look ahead to a bright future at EIU.

the many years of legislative upheaval and the pandemic that threatened the University that

The Foundation is helping the University

we all love. He also is aware of the challenges

meet the strategic plan’s goal of developing

that face smaller, regional universities. Dr. Gatrell

a comprehensive campaign to raise money

jumped right into the job, meeting with alumni,

by hiring a consulting firm that will lead EIU

donors, students, staff, and faculty.

through the process. The University’s last capital campaign – EI&U – was in 2010. Although this

17

The Foundation Board looks forward to working

new campaign is in its infancy and we do not

with Dr. Gatrell to offer fresh perspectives to

yet have a catchy slogan, we look forward to

2023 EIU FOUNDATION REPORT


talking with many of you about your hopes and

establishing an endowment that will provide

aspirations for EIU. We will be asking for your

scholarships for students. Or you may wish

financial support as we hope to increase gifts

to support faculty or student research, fund

and donors to meet the high expectations of the

a lecture series, or any number of worthwhile

strategic plan.

projects to create your legacy at EIU. You can also make a planned gift or a monetary donation

If you have not been back to campus in a

to a specific program or allow the university

while, or visited with fellow alumni, I encourage

to direct the gift where it is needed most.

you to do so by arranging a tour to see the

Generous donors helped Eastern establish a

exciting things that are happening on campus,

School of Nursing, which graduated its first class

or attending or hosting an alumni event in or

in 2023.

near your hometown. If you do, I promise that you will immediately remember the close-knit

The Foundation Board works hard to fulfill

community and why EIU is so special.

its extraordinary fiduciary responsibility in managing the approximately $100 million in

After graduating in 1983, I have always felt

Foundation assets and investing those funds to

connected to EIU through my group of fellow

generate revenue for scholarships and grants.

journalism classmates and Daily Eastern News

We appreciate each person who invests in the

staffers. However, I have experienced an even

University and I look forward to your continued

stronger network of EIU alumni and staff by

support to help the Foundation promote the

serving as a member of the Eastern Illinois

interests and welfare of the University now and

University Foundation Board. I am now honored

for future generations. I hope to see you on

to serve as the President of the Board for 2023-

campus or at an alumni event. We are delighted

2024. I want to thank the outgoing president,

to have you as part of our EIU family.

Dr. Gordon Grado, for his years of leadership, service, and support to EIU. I count him as one of my friends, thanks to my service on the Foundation Board. Dawn Morville Johnson Lastly, please join me in giving back to Eastern.

President, Board of Directors 2023-2024

Individuals or organizations who wish to

Eastern Illinois University Foundation

provide support for students with financial needs or academic talent may be interested in

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.

2023 EIU FOUNDATION REPORT

18


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 DAWN JOHNSON, 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 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. In 2022 she was recognized as a Distinguished Alumnus by the EIU Alumni Association.

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. KELVIN LANE, VICE PRESIDENT 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.

19

2023 EIU FOUNDATION REPORT


RANDY WRIGHT, SECRETARY 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 serves on the Children’s Hospital of San Antonio Foundation Board and the MD Anderson Cancer Center Board of Visitors.

BONITA TILLMAN, SECRETARY ST. LOUIS, MISSOURI

Bonita graduated from Eastern in 1980 with Bachelor of Art degrees in both journalism and political science and a teaching certificate. After a brief stint as a substitute teacher, she spent 15 years as an editor and reporter for the Suburban Journals newspaper chain in the Metro-East communities of Granite City, Edwardsville, East St. Louis, and Belleville. In 1996, she transferred her skills to a public relations position at Nestle’ Purina pet products company in St. Louis where she worked for 22 years. She retired in 2018 as Manager of Corporate Public Relations. Since that time, Bonita started Aries Communications LLC and contributes regularly as a freelance writer to the St. Louis Business Journal and its affiliates in Tampa Bay and Orlando, Fla. She also continues to support the profession via the St. Louis Press Club and the Greater St. Louis Association of Black Journalists where she has been treasurer for 10 years. At Eastern, Bonita helped initiate the EIU Black Student Reunion celebration and served on the EIU Alumni Association Board of Directors from 2010 to 2019.

2023 EIU FOUNDATION REPORT

20


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

DR. NATHANIEL ANDERSON BELLEVILLE, ILLINOIS

Nate Anderson has enjoyed a long-standing relationship with Eastern Illinois University dating back to the 1970s. Known as “Nate the Great,” Anderson played on the Panther football team as a running back and held numerous rushing records while attending EIU. In 1973, he was named first-team All-American by the American Football Coaches Association and was named a third-team All-American by the Associated Press. Graduating in 1973 with a Bachelor of Science degree in recreation, he continued his education at his alma mater and later earned a Master of Science in education in 1977 from Eastern. Anderson earned his Specialist degree in education from Southeast Missouri State University in 1991 and his doctorate in educational administration from Illinois State University in 1998. He has spent over 25 years working in educational administration, offering expertise and guidance within large community districts, being employed as a principal at Rock Island High School and a superintendent of the East St. Louis school district. He has worked at the University of Illinois-Springfield, teaching educational leadership courses at the graduate level. Throughout the years, Nate Anderson has served EIU in many capacities. He has devoted time through service on the Alumni Association Board of Directors, Educational Administration Advisory Committee, and the University Board of Trustees as both a member and board chair. He also has been a member of the Panther Club. The Nate Anderson Scholarship was established in 2004 in his honor and as a testament to his beliefs in education and improving services for children. In 2018 he was recognized as a Distinguished Educator by the EIU Alumni Association.

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.

DR. CHARLES MARIS CHARLESTON, ILLINOIS

Chuck earned his Bachelor of Science 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

21

2023 EIU FOUNDATION REPORT


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. In 2023 he was recognized as a Distinguished Alumnus by the EIU Alumni Association.

ROBERT GLOVER DALLAS TEXAS

Robert “Bob” Glover graduated from Eastern Illinois University in 1982 with a Bachelor of Art degree majoring in political science. While at Eastern, Bob was a Student Senator and was elected twice to Student Body President from 1980 through 1982. Bob received the Outstanding Senior Award in 1982 for his leadership in creating the Student Legal Service, Grade Appeals Policy, Athletic Fee Referendum, and many other achievements. Bob was a member of the College of Arts and Sciences Advisory Board from 2002 through 2008. Bob has endowed two Eastern scholarships, the Glover Student Leadership Award, and the Gerardo Solis Latino/Latina Scholarship award. In 2005, Bob received the Distinguished Alumnus Award, and in 2008 the inaugural Political Science Distinguished Alumni Award. Bob was the Eastern commencement speaker for the fall semester in 2007. Since graduation, Bob has been a Vice President with Cardinal Health for over 30 years and in 2018, joined TIDI Products as Senior Director, Health Systems as part of the RoundTable Health Partners private equity firm in Lake Forest, IL. Bob has received several national customer and company awards for his service, contract negotiation, and mentoring.

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 awarded the EIU Alumni Association’s Lou Hencken Alumni Service Award in 2019. 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.

2023 EIU FOUNDATION REPORT

22


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

JOHN SCHMITT CHICAGO, ILLINOIS

John Schmitt, graduated from EIU with a Bachelor of Arts, in ’76 and a Master of Arts in political science, in ’78. John served as a Graduate Assistant in the Political Science department during graduate school and assisted Dr. Peter Leigh and Dr. Charles Hollister. John was involved with Greek activities on campus through his involvement with his fraternity Lambda Chi Alpha of which he was a founding and charter member. John has been involved with the EIU Lambda Chi Alpha fraternity all throughout his alumni years having served as Chapter Advisor and as Treasurer and Secretary of the EIU Lambda Chi Alpha Alumni Association. John also served his International Fraternity serving as Chairman of the Alumni Advisory Board. The Lambda Chi Alpha International Fraternity awarded him the Order of Merit for Alumni Service in 1996. John is currently serving as the Lambda Chi Alpha Fraternity Foundations Chairman of the Founders Day of Giving Committee. John spent 35 years working in Illinois Government, Not-for-Profits, Local Government, and Higher Education (State Senate, Department of Energy and Natural Resources, Department of Conservation, Office of Illinois Governor James R. Thompson). He participated in a trade mission to the former USSR and a mission to France. John also served as Executive Director of the Nature of Illinois Foundation and was the first Executive Director of the Illinois Conservation Foundation which raised over $16 million. His last position of over seven years was with his beloved Alma Mater Eastern Illinois University in which he served as the Director of Development/ Philanthropy for the Chicagoland region. John has been a long-time member of the Association of Fundraising Professionals (AFP) and served as President of the Chicago Chapter in 2012. The Chicago Chapter of AFP at the time was the largest Chapter with over 1,000 members. John has been a long-standing member of the EIU Alumni Association and served on the Board of Directors from 1983-1986. He was awarded the EIU Alumni Association’s Lou Hencken Alumni Service Award in 2004. He established the John D. Schmitt Scholarship which annually awards an officer of the Lambda Chi Alpha Fraternity at EIU. John has also been instrumental in leading to the creation of three other EIU scholarships benefiting undergraduate members of Lambda Alpha Chi: the Lambda Chi Alpha Fraternity Founders Scholarship, the Lambda Chi Alpha Scholastic Incentive Scholarship, and the Jack R. Kelly Scholarship. In 2022 John Schmitt was named the EIU Homecoming Parade Grand Marshal. In 2018 the EIU Foundation honored John Schmitt with the Outstanding Member Award.

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.

23

2023 EIU FOUNDATION REPORT


2023 EIU FOUNDATION REPORT

24


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

2023 EIU FOUNDATION REPORT


EIUF FINANCIAL REPORT THE FOLLOWING REPORT DETAILS THE MOST CURRENT AUDITED STATEMENTS DATED JUNE 30, 2023. The EIU Foundation operating budget is underwritten by

The total net assets for Foundation were $125,748,489

distributions from the Brainard Residuary Trust and the Neal

on June 30, 2023, and $118,510,730 on June 30, 2022.

Charitable Lead Unitrust, administrative fees generated on

The Foundation provided $1,757,355 in scholarships and

investments, farm management fees, and earnings from

$3,524,028 in grants to EIU during fiscal year 2023.

endowment funds restricted for Foundation operations. Specifically, an administrative fee of 1.25% is assessed on

Foundation investments are overseen by the Foundation’s

trusts administered by the Foundation, with a fee of 0.75%

Investment Committee and the Board of Directors.

on Foundation investments and 4.75% of gross income on

Allocation recommendations are presented by the

the farms. Collectively, these sources provided $828,000 in

Foundation’s investment consultants, Fund Evaluation

revenue to support the Foundation’s operations in fiscal

Group (FEG), and approved by the Board’s Investment

year 2023.

Committee before submission to the full board. The Foundation remains focused on achieving investment

The Foundation has contained operational costs through a

performance that exceeds the approved spending rate of

conservative, long-term approach to the budgeting process.

5% from endowed funds. FEG, based in Cincinnati, Ohio,

As a result, the Foundation has maintained a stable reserve

has been the Foundation’s investment advisor since May,

of funds and was able to deploy some of these reserves

2018.

in support of University priorities identified by the EIU administration the past seven fiscal years. The most current audited statements from fiscal year 2023 are presented as part of this annual report. A copy of the Foundation’s annual federal tax filing, commonly referenced as Form 990, is available for review.

IMPORTANT FINANCIAL DOCUMENT LINKS The following documents are available for review: EIUF FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORT—AVAILABLE AT GO.EIU.EDU/EIUFAUDIT FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX)—AVAILABLE AT GO.EIU.EDU/FORM990

MIKE HUTCHINSON – ASSISTANT TREASURER Mr. Hutchinson has served in a variety of roles at EIU since 1999, including Internal Auditor, Accountant, and Assistant Comptroller. He currently serves as Director of Business Services and University Treasurer. Mr. Hutchinson received his bachelor’s degree in accountancy from the University of Illinois in Urbana-Champaign and a master’s in business administration from Eastern Illinois University. He is licensed as a certified public accountant in Illinois. His prior work experience includes accounting in manufacturing and utility companies as well as public accounting. Mike Hutchinson, EIUF Assistant Treasurer

2023 EIU FOUNDATION REPORT

26


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, 2022 TO JUNE 30, 2023. 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.

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

57%

17.7%

11.2%

13.8%

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

2023 EIU FOUNDATION REPORT

WEIGHT

WEIGHT

WEIGHT


EIUF TOTAL PORTFOLIO PERFORMANCE

YTD

1 Yr

Returned 7.7% for the fiscal year 2023, 40bps lower than the Policy Index. Note: Primary Objective (CPI+5%) appears abnormally high due to recent inflation

3 Mos

9.1

EIUF has a diversified, “all-weather”

ANNUAL RETURN (%)

Mo.

6.1

7.7

7.1

3 Yr

9.4

5 Yr

Inception

10.6 8.9

8.2

8.1

10 Yr

6.7

6.66.8

6.1

7.7

7.1 6.1

7.5

4.1 2.4 2.7 1.9 3.3%

portfolio which has outperformed its Policy Index over the past three and

0.3

-1.5

five years. This despite a market that

EIUF

has heavily favored U.S. equity since

POLICY INDEX

PRIMARY OBJECTIVE (CPI + 5%)

the global financial crisis ended in 2009

EIUF COMPOSITE PERFORMANCE •

GLOBAL EQUITY

REAL ASSETS

DIVERSIFYING STRATEGIES

16.5 Index: 50% Bloomberg Commodity/50% Alerian MLP

EIUF’s portfolio is diversified by global risk factors – global equity, global fixed income,

10.9

10.5

ANNUAL RETURN (%)

real assets, and diversifying strategies •

GLOBAL FIXED INCOME

Global Equity has performed well since COVID lows, returning 10.9% on the year. However, the portfolios global equity allocation has lagged the MSCI AC World Index by roughly 560bps. Underperformance is predominantly attributed

8.0 5.4 3.7 0.4

to the inclusion of private equity, which has

-0.5

seen material write downs on a year-to-date basis, within the global equity portfolio. In

EIUF

contrast, public equity has performed well,

POLICY INDEX

returning 15% on a year-to-date basis.

TOTAL PRIVATE CAPITAL

EIUF PRIVATE CAPITAL PERFORMANCE allocated to private capital across equity, debt, and real assets with ~61% of it in private equity •

PRIVATE DEBT

PRIVATE REAL ESTATE

PRIVATE NATURAL RESOURCES

EIUF has about 15.8% of its portfolio

Private capital has added approximately 4.8% in return over the public markets

Illiquidity Premium (%) – 4.8%

Illiquidity Premium ($s) – $5,227,089

RETURN (%)

PRIVATE EQUITY

19.2 13.4

12.0 7.2

7.6

9.3 5.2

4.8 0.8

EIUF

2.7

PUBLIC MARKET EQUIVALENT (%)

*Due to the availability of private capital data, the IRR data on this page is provided based upon the most recently available period (3/31/2023).

2023 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 (6/30/2023) REAL ASSETS • Returned 8.0% for the trailing 1-year period • Multi-asset manager -0.7% over the past year, while the dedicated MLP manager gained 19.6%. • GMO Resources Fund added in Q4 2022. Public resources have struggled amidst a stabilizing commodity market

GLOBAL EQUITY COMPOSITE • Returned 10.9% for the trailing 1-year period, under performing the MSCI AC World Index by 580bps. • Under performance can be attributed to weak relative performance in Emerging Markets Equities(+3.0%), Hedged Equity (+5.3%), and Private Equity (-3.8%). • Private Equity valuations often lag public markets and are just now reflecting a slowdown in capital market activity. Private Equity valuations are starting to show signs of strength going into the second half of 2023.

DIVERSIFYING STRATEGIES • Returned 5.4% for the trailing 1-year period, 170bps higher than the HFRI Fund of Funds Index.

GLOBAL FIXED INCOME • Returned 0.4% for the trailing 1-year period, outperforming the BB Aggregate Index by 120bps. • Flexible positioning and reduction in interest rate risk and duration risk are conservative stance, funding source for future. • Opportunistic allocation to distressed debt should add value going forward.

PRIVATE CAPITAL (AS OF 3/31/2023) • Private capital is adding about 4.8% over the public markets vs. expectations of 3% or more with natural resources being the largest drag (+2.7%) and private real estate being the largest contributor (+19.2%) • We expect forward looking returns for private real estate and private real assets to be very different from recent experience. EIUF has only $1.6MM of NAV in private RE/RA

EIUF SUMMARY PERFORMANCE AND RISK (6/30/2023) 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 --3 MOS

TOTAL FUND 2

POLICY INDEX PRIMARY OBJECTIVE (CPI + 5%) BROAD POLICY (70%/30%)

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

PUBLIC CREDIT S&P LSTA/PERFORMING LOAN INDEX

YTD

1 YR

3 YR

2.4%

6.1%

7.7%

2.7 1.9

7.1 4.1

9.1 8.1

94%

5 YR

6.7%

10 YR

INCEPTION

8.2 10.6

6.1 8.9

6.8 7.7

7.1 7.5

6.6%

6.1%

PUBLIC REAL ASSETS BLOOMBERG COMMODITY INDEX ALERIAN MLP INDEX PRIVATE REAL ASSETS DIVERSIFYING STRATEGIES HFRI FUND OF FUNDS INDEX CASH 1

(5 YR. ST. DEV.)

$94,705,466

0.6

12.2

4.1

10.4

11.3

6.5

5.9

6.6

5.3

3.9 6.2

9.5 13.9

10.9 16.5

11.8 11.0

8.0 8.1

8.6 8.8

8.1 6.6

$54,018,019

0.9

17.2

5.2

12.0

15.0

10.9

7.0

7.8

7.8

$41,133,855

1.0

20.4

6.2

13.9

16.5

11.0

8.1

8.8

6.6

-0.6

1.4

0.4

1.3

3.7

2.9

5.2

$8,743,358 $16,746,457

N/A 0.1

N/A 3.5

$3,879,628

N/A

N/A

$10,615,688

$4,596,059

N/A 0.7

N/A 15.1

$1,840,109 $13,029,846

N/A 0.3

N/A 6.2

-0.8

-1.8

-0.5

-2.9

-0.8 -2.9

2.1 -2.8

-0.9 -3.1

-4.0 5.1

0.8 -

1.5 -

3.8 7.1

0.6

1.4

5.5

3.7

-

-

5.3

0.1

0.2

1.0

1.2

8.0

15.1

5.4

3.0

1.8

-2.6 5.4

-7.8 9.7

-9.6 30.5

17.8 30.7

4.7 6.2

-1.0 0.9

-2.1 6.9

1.8

2.8

5.4

6.2

5.5

5.1

5.0

1.5

2.3

3.7

5.0

3.3

3.4

2.5

1.4

1.4

4.5

PRIVATE CREDIT REAL ASSETS COMPOSITE

(5 YR. BETA)

MARKET VALUE

8.1

14.4

5.1

2.9

1.7

$8,270,770

$8,775,579

0.1

0.7

4.3

16.2

$295,456

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

3

29

Broad Policy Index is comprised of: 70.0% MSCI AC World Index and 30.0% Bloomberg Barclays US Aggregate Index.

2023 EIU FOUNDATION REPORT


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.

2023 EIU FOUNDATION REPORT

30


Old Main is ready for the winter months ahead.

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.


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.