THE FIU FOUNDATION, INC. | 2016-2017 ANNUAL REPORT
PROPEL
Definition of PROPEL* propelled; propelling : to drive forward or onward by or as if by means of a force that imparts motion
Propelling Us Forward signifies FIU’s trajectory toward successes that will build upon our vision of being a leading urban public research university focused on student learning, innovation and collaboration. With a forward facing approach, FIU is unyieldingly carrying out the university’s goals and ambitions that continue to propel us forward.
A THANK YOU MESSAGE FROM LEADERSHIP
Dear FIU Family,
Each year, we are equally humbled and amazed by the generosity and commitment of our university’s donors. It is because of their dedication to FIU that we continue on our path toward future endeavors that will bring forth unique opportunities for our students.
The exemplary willingness to support FIU, which is demonstrated by so many of our donors, embodies the confidence they have placed in our institution to uphold our mission and values.
This year’s Annual Report focuses on the important role that our donors play in launching FIU forward, as they lay the groundwork for present and future successes. Over the next few pages, you will read about impact and about what has been possible for FIU because of their allegiance to the development and growth of our institution.
We are thankful for the support of our donors and the contributions they make to our university that assist in Propelling Us Forward, and we are looking forward to what is yet to come.
Sincerely,
Richard Brilliant ’93
Chairperson,
The FIU Foundation, Inc. Board of Directors (FY 17-18)
Mark B. Rosenberg President
Howard R. Lipman CEO, The FIU Foundation, Inc.
From left to right: Howard R. Lipman, Richard Brilliant ’93, Mark B. Rosenberg
Chad Moss ’94
CHAD MOSS ’94 MOSS FOUNDATION, INC.
For a family that places education first, it was important to the Moss family that they show their unwavering support to FIU. The Moss Foundation, Inc. reciprocated FIU’s devotion to the South Florida community and to the construction industry with a generous gift that will be used to create the Moss School of Construction, Infrastructure and Sustainability. As Executive Vice President of Moss & Associates, President of the Moss Foundation, Inc. and FIU alumnus, Chad Moss ’94 spearheaded this great endeavor, serving as a true champion to FIU.
A major component of Moss’s contribution, which he is most proud of, is the establishment of named scholarships for students that are first generation, veterans, Chapman Partnership and youth supported HANDY (Helping Abused Neglected Disadvantaged Youth) students, in addition to two scholarships named in honor of FIU alumni that are currently working at Moss & Associates — the Sasha Seco Women in Construction Scholarship and the Kevin Love Fostering Success Scholarship. From the naming of the school, to creating new scholarship opportunities for students, to establishing an endowed chair in Construction Management, Chad Moss and the Moss Foundation, Inc. have created a lasting legacy that celebrates the impact that will continue to influence the experiences of students and faculty for years to come.
Forward progression — a concept that Moss and the Moss School of Construction, Infrastructure and Sustainability have adopted as part of their efforts to ensure steady headway for the school over the coming years. Through unfettered access to the world of construction, FIU students will have the unique ability to learn from the industry’s best. According to Moss, “These students are going to benefit because the job sites are relatively open to them. We’re going to get them, whether it’s a project on campus or somewhere in South Florida or elsewhere, access to the job site and the job site team so they can understand how real-world construction works in correlation with the academia.” Moss and the Moss Foundation, Inc. have made it possible for the school to fall in line with FIU’s press for excellence as they are bringing out the best of what this program has to offer for our students and for the construction industry.
“FIU owns a lot of my success,” said Moss, and through FIU’s partnership with The Moss Foundation, Inc., students within the Moss School of Construction, Infrastructure and Sustainability will be able to build their own success and venture out in the construction industry as not only fully equipped and knowledgeable individuals but as proud alumni of a school that exhibits hard work, from the ground up.
ROSE ELLEN GREENE
Located in the heart of Little Haiti sits Jesse J. McCrary Jr. Elementary School — a school full of young students hoping for the chance and opportunity to learn, to grow and to be enriched by all that a well-rounded education has to offer. What started out as a volunteer experience for community builder Rose Ellen Greene grew into a partnership with FIU and The Education Effect with expansion of the program into the school. Established in 2011, The Education Effect is a university community school partnership dedicated to improving educational outcomes in schools spanning Miami-Dade County.
Rose Ellen’s contribution to The Education Effect allows for transformational change to take place at Jesse J. McCrary. As a part of The Education Effect, the students, parents and teachers will be positively affected by the resources and opportunities that will now be made available at the school. The goal of The Education Effect is to create best practices for what the students, parents and teachers need in order to succeed in ensuring that the children’s abilities are properly nurtured to foster steady growth. For Greene, “The more you experience something, perhaps the more effective you can be in developing programs to respond to it.” In order to promote a transformational effect, it is imperative to start engaging with elementary school students because what they learn at a young age will ultimately extend past elementary school and better their chances for success in the future.
FIU is critical in providing knowledge, commitment and the care necessary in positively impacting Jesse J. McCrary students. “I can’t accept that students who come from less advantaged backgrounds are not able to succeed,” says Greene. Her ultimate goal is to make sure these children live a dignified life, and it is because of her generosity and commitment that The Education Effect will establish a pipeline for the development of the students at Jesse J. McCrary.
Greene has the confidence in FIU to serve as the provider and facilitator to further the goals of The Education Effect and has, furthermore, inspired FIU to continue having hope in our community, as she has always had hope for the students at Jesse J. McCrary Jr. Elementary School. Greene is a believer in systems change, and it is her determination to make a difference in the lives of Jesse J. McCrary students that fuels FIU’s great desire to continue impacting the lives of Miami-Dade County Public School students.
Rose Ellen Greene
BAPTIST HEALTH SOUTH FLORIDA
The relationship between Florida International University Herbert Wertheim College of Medicine (HWCOM) and Baptist Health South Florida is important, strategic and community centered. Scores of Baptist physicians not only serve as community faculty at our medical school but also as leaders, with many serving as the chair of different departments within the school. Last year, the FIU Family Medicine Residency Program at West Kendall Baptist Hospital graduated its first cohort kicking off both organizations’ long-standing commitment to develop home-grown clinicians to address the shortage of primary care physicians in South Florida.
As this special relationship grew, Baptist Health South Florida saw a unique opportunity to impact the South Miami community adjacent to its South Miami Hospital by partnering with HWCOM’s signature Green Family Foundation Neighborhood Health Education Learning Program. Also known as NeighborhoodHELP, this award-winning initiative educates future physicians and other health professionals on how to provide care that not only treats the individual but also analyzes the social determinants of health as they relate to the quality of life in specific neighborhoods or communities.
Together HWCOM and Baptist Health South Florida designed the South Miami program to offer measurable outcomes to gauge how value-based medicine really works in order to effectively impact the community and develop processes for sustainable change. “FIU has been welcoming and open and encouraging of innovative concepts and ideas,” says Wayne Brackin, Executive Vice President and Chief Operating Officer, Baptist Health South Florida. In addition to the combined efforts supporting the NeighborhoodHELP program, Baptist turned to its HWCOM partnership to assist in recruiting luminary leaders in cancer surgery, genetics and genomics, radiation oncology and cancer research when developing their renowned Miami Cancer Institute. Brackin has described the partnership between FIU and Baptist as “unparalleled.”
As efforts continue in the South Florida community, both organizations are optimistic that NeighborhoodHELP will lead to a model that can consistently be replicated in other communities of need. “FIU is our academic partner,” says Brackin. FIU and Baptist Health South Florida are at the cusp of an innovative approach that will transform medical education, impact how health care is delivered, and unquestionably improve quality of life in South Florida and beyond. And as these two institutions move forward together, it is inevitable that great things will continue to come for health care in our community.
Wayne Brackin
Carole R. Ratcliffe & Jim Wright
PHILIP E. AND CAROLE R. RATCLIFFE FOUNDATION, INC.
When the Philip E. and Carole R. Ratcliffe Foundation first became interested in helping young artists, they realized that almost all art students needed a background in entrepreneurship in order to sell themselves or their artwork. After trying different programs in order to help bridge the gap for student artists and designers who may not have the capability or opportunity to turn an idea into something of substance, the foundation expanded its efforts to bring to FIU the Ratcliffe Art + Design Incubator — the first of its kind, innovative arts incubator dedicated to encourage and promote entrepreneurship for student artists and designers.
With FIU’s widely diverse student body and its desirable Miami location, the Ratcliffe Foundation was eager to work with the university and the College of Communication, Architecture + The Arts (CARTA) to begin building this program from the ground up. Ratcliffe says, “I was amazed at the size of the university and all the different disciplines offered.” She was also inspired by CARTA’s willingness and desire to put its all into creating a program that will help art students achieve a place in this world. For the Ratcliffe Foundation, FIU was well suited for all that the incubator would provide.
Over the course of three years, nearly 45 student fellows from CARTA will be selected to participate in the Ratcliffe Arts + Design Incubator, where they will work with two onsite mentors as they strive to create new ideas, while expanding their entrepreneurial knowledge through real life practices. The Ratcliffe Foundation has found that young entrepreneurs face a smaller risk of failure when they have first had the opportunity to create their businesses within an incubator, as they are guided and mentored along the way. It is undeniable that the arts incubator will have a drastic impact on CARTA students; however, the impact will go beyond the 45 selected student fellows and ultimately influence the overall student body at FIU.
The Ratcliffe Foundation is hopeful that the arts incubator will encourage more of FIU’s students to engage in entrepreneurship. Jim Wright, a trustee of the foundation (pictured left), believes, “When they hear about this entrepreneurial program, even if they are not an entrepreneur, they will think about becoming one and learning more by looking at different classes to take and opportunities they should seek.” As a new program for FIU and the South Florida community, the Ratcliffe Arts + Design Incubator is a catalyst for feeding artists and designers into the areas surrounding FIU to further and enhance the vibrancy of this culturally rich community.
CITIGROUP
Citigroup’s support of FIU encompasses their true belief in the university, as the company’s support branches into multiple facets that help make FIU a solution-centered institution that seeks to make a difference in the community. FIU is committed to how the university can best utilize existing resources for the community’s benefit. Kathryn Chase, US Head of Small Business & Merchant Services Managing Director, has stated, “As an anchor institution, FIU understands that it isn’t just an institution for higher education, it is a member of the community with deep roots in every part of South Florida — in our business community, cities, the non-profit ecosystem and residents.” The university has provided Citigroup with a road map to further engage in community development, while Citigroup provides FIU with the backing to expand beyond our closest reach.
In conjunction with the Chaplin School of Hospitality & Tourism Management, the Citi Foundation and StartUP FIU, StartUP FIU Food was established to help new food and beverage entrepreneurs expand their companies. This incubator utilizes the Chaplin School’s cutting-edge kitchen in addition to experts from StartUP FIU and the College of Business’ Small Business Development Center to offer space, assistance and mentorship for aspiring entrepreneurs. FIU Food grants stability and access to the food and beverage market. The support from the Citi Foundation made this ambitious endeavor possible and because of this contribution, FIU has been able to align the university’s resources to promote community growth.
As a response to increased imbalances in income and prosperity in MiamiDade County, FIU’s Metropolitan Center, in partnership with Citi Community Development, launched a “Prosperity Agenda for Miami-Dade,” a researchbased community action plan which notes trends and challenges that affect Miami-Dade County’s economic landscape while providing direction for action. Citi’s commitment to the university’s community efforts also includes an Inclusive Enterprise Series, through collaboration with Village Capital and FIU, which assists in eliminating the opportunity gap for women and minority entrepreneurs who are dealing with challenges in financial inclusion, health and education. The support of Citigroup carries forward into Veteran and Military Affairs, as Citi Salutes continues its work with FIU on how to design and implement a college-to-career pathway program for student veterans and for employers that wish to hire veterans.
Chase believes that “through our giving and partnership with FIU, we hope to demonstrate how anchor institutions can have a tangible impact on people’ s lives that is not limited to the populations they serve, the student body in the case of a university, but the community as a whole.” Together, FIU and Citi will continue to design and develop solutions for many of our community’s greatest challenges.
Kathryn Chase
THEDREAM.US
TheDream.US embodies the value of a college education, something that all young people should have access to no matter where they were born or how they arrived in the United States. With more than 75 partner colleges, TheDream.US is the nation’s largest college access and scholarship program, which strives to provide DREAMers with the opportunity to receive a college education. Immigrant youth who came to the U.S. at a young age and have no path to obtain legal status are at a great disadvantage as they do not receive federal aid for college and have limited access to state aid. TheDream.US helps provide this access to DREAMers, who because of their immigration status, lack the access to financial resources that are needed in order to attain a college degree.
As a partner college with TheDream.US, FIU is committed to addressing the daunting challenges and barriers that DREAMers face when trying to get into college and throughout college. FIU’s Carlos A. Costa Immigration & Human Rights Clinic has also made an impact on FIU DREAMers by assisting them with immigration-related issues such as reviewing their individual cases. Each partner college, including FIU, has an on-campus scholar advisor, whose primary role is to build and cultivate meaningful relationships with each scholar as they navigate through his or her college journey.
The role of each collegiate partner goes beyond assisting students to receive a college education and expands into how the economic and social strength of a community can depend on the strength of its education system. Located in a community with a large immigrant population, FIU understands the dire need to administer help for these students that not only affects the betterment of the individual, but also affects the entire Miami-Dade County area as well. Program Director for TheDream.US, Gaby Pacheco, is a longtime advocate who believes in the impact that DREAMers have on our nation’s present and future.
“DREAMers want nothing more than to put their amazing skills, talents and motivation to work in helping our communities and nation prosper,” she says.
With partners like TheDream.US, FIU is able to uphold its dedication to provide DREAMers with the financial, moral and emotional support they so gravely need. According to Don Graham, co-founder of TheDream.US, “FIU has been a sensational partner for us. South Florida is so fortunate to have a university like FIU that remains affordable and gives its students a great education and a good start in life.” Through leadership development, internship/mentor opportunities, and more resources, FIU and TheDream.US remain steadfast in making sure DREAMers receive the opportunity to grow and become engaged members of our community.
Top (left to right): Don Graham, Gaby Pacheco
FIU DREAMers
$13.2 raised since 2012 MILLION
IGNITE CAMPAIGN
The Ignite Campaign is FIU’s faculty and staff annual giving campaign that encourages employees to make contributions that will help “Ignite” creativity, discovery and innovation. The campaign also strengthens the foundation needed for FIU to progress to the next stages of success. The Ignite Campaign provides our employees with the opportunity to direct their gifts to any unit of FIU they would like to support. Whether employees opt to invest in a college, school or a specific program or initiative, the impact from our faculty and staff’s generosity speaks volumes about the tight-knit community that makes up the FIU family.
68% participation from Faculty & Staff UNIVERSITY-WIDE
19/38 units reached 100% PARTICIPATION
Since the beginning of the campaign, there have been MORE THAN 200 PROJECTS CREATED by faculty & staff members 11/38 UNITS participation MORE THAN 50% reached
$2,099,898 raised in FY17
Rocco M. Angelo
Right page (top to bottom): Humberto Cabañas ’76, Eric Pfeffer ’77, Regynald Washington ’74
ROCCO M. ANGELO LEGACY
IN LEADERSHIP ENDOWMENT
Ask most alumni of the Chaplin School of Hospitality & Tourism Management who their biggest influence was while studying at FIU and you will probably hear the same name: Rocco M. Angelo. Rocco has been an Associate Dean of the Chaplin School of Hospitality & Tourism Management since 1982. He previously served as a professor in the school where he not only played an important role as an educator, but also as a mentor — offering advice, guidance and support. To this day, many of those relationships he established with former students continue to flourish.
The Rocco M. Angelo Legacy in Leadership Endowment was started by alumni who believe that Rocco’s decades of service to the School of Hospitality & Tourism Management should be celebrated. There is no doubt that Rocco’ s reputation is filled with passion, motivation and desire for excellence. It is these very characteristics that inspired three alumni, in particular, to honor Angelo and the legacy he is sure to leave.
FIU alumni Humberto Cabañas ’76, Eric Pfeffer ’77 and Regynald Washington ’74 are paying homage to the man that molded them as students and helped propel them to become successful professionals within the hospitality industry. Leading the way, Washington and Pfeffer contributed to the Rocco M. Angelo Legacy in Leadership Campaign, where Cabañas later matched both donations, bringing the campaign more than three-quarters of the way to meeting the $1 million goal. The endowment, which will be used for scholarship support, recruitment initiatives for prospective students, alumni engagement efforts, mentoring programs, career services and student enrichment opportunities, “will help educate students for years to come and it will embrace Rocco’s passion for hospitality,” according to Regynald Washington.
Like many former students of Angelo’s, Pfeffer has remained close to him. He stated, “My respect and admiration for Rocco as a former professor and mentor is immense and life lasting, as I graduated in 1977 and stayed in touch with him.” Angelo has had an uncanny influence on the School of Hospitality & Tourism Management. He has led countless students and alumni on their academic and professional paths to success, and it is the hope of alumni that his legacy will live on and strengthen the future of FIU. When describing The Rocco M. Angelo Legacy in Leadership Endowment, Cabañas stated, “Today, I want the endowment to recognize Rocco for all of his support since the start of the Hospitality School, to every student and alumni. This leadership endowment should carry his signature, teach what he believes in and it should set the pace for funding the needs of our future students.”
Thanks to Cabañas, Pfeffer and Washington, it surely will.
WALTER GONZALEZ, JR. ’96
GOJA, LLC
For FIU alumnus and GOJA, LLC President Walter Gonzalez, Jr. ’96, FIU embodies much of the same values that he prides himself on as an individual and as an entrepreneur. GOJA, an online retailer, specializes in selling across multiple online channels such as online auctions, direct retail sites, comparative shopping sites and online stores. As one of the largest sellers on Amazon, GOJA handles all aspects from selling online, to the creation of advertisements and content, to fulfilling and shipping orders to US consumers and countries abroad.
FIU’s core values emulate where education and innovation are going and, for Walter, was always a place where he could openly try new things. As a successful entrepreneur, Walter attributes much of his success to the time he spent at FIU, and he recognizes that with every great idea comes the need for support to launch the idea forward. With extensive resources and someone always there to lend a helping hand, FIU is a great place to start, and it is with contributions like Walter’s that our students are able to attain the support and guidance needed to move forward their creative thinking.
The GOJA-iChange Social Innovation Challenge is a business incubator exclusively dedicated to students with dreams of establishing social enterprises. The program is used as a way to harness the ideas of aspiring entrepreneurs and to teach them how to start a business that can sustain itself, while also making a positive impact on the community. According to Walter, “FIU reflects the positive things that the world is looking for — openness, opportunity, flexibility.” Through the GOJA-iChange Social Innovation Challenge, FIU students are at a unique advantage, as they receive unparalleled direction and support from Walter. The flexibility that FIU has to offer, in addition to the openended opportunities provided to students, makes the university a unique space for aspiring entrepreneurs to engage, flourish and attain valuable knowledge that steers them in the direction of success. The GOJA-iChange Social Innovation Challenge furthers the image that FIU is an innovative institution that prides itself on creating an environment conducive for our students to think and develop their ideas. If students have more time to cultivate their ideas and feel less pressure to locate funds, they face a greater chance of success.
For Walter, giving back and being involved with FIU is about coming full circle; he recognizes that he did not get to where he is today by himself, and hopes to be there as a guiding force for our students. As a young university, FIU has the ability to adapt to future industry changes, and through programs like the GOJA-iChange Social Innovation Challenge, the university is doing just that.
Walter Gonzalez, Jr.
KAUFMAN ROSSIN
As one of the largest independent CPA and advisory firms in Florida, Kaufman Rossin understands how important it is for local businesses to support higher-education institutions like FIU that are working to develop the next generation of professionals. Championed by alumnus Steven M. Berwick ’74 — a principal in the firm’s assurance and advisory services and litigation practices and member of the FIU Foundation Board of Directors, President’s Council and School of Accounting Board — Kaufman Rossin entered into a campaign centered on giving back to the College of Business and the School of Accounting. “FIU has been a tremendous source of talent for our firm, and we wanted to give back,” according to Berwick. The campaign resulted in donations from Kaufman Rossin employees, which the firm then matched.
Nearly one-third of Kaufman Rossin employees are FIU alumni, and over the past five years, the firm has hired at least 20 FIU graduates per year. The presence of FIU alumni at Kaufman Rossin speaks volumes for the university’s strong-willed determination to guide and prepare students for the professional workforce. Berwick stated, “We interview candidates from all over the country, and we have found that the students coming out of FIU’s College of Business and School of Accounting are consistently some of the sharpest and most diligent professionals that we hire.” Contributions like Kaufman Rossin’s play a significant role in enhancing the education that students within the College of Business receive, which ultimately helps them land positions in firms like Kaufman Rossin.
When Kaufman Rossin employees were first approached to participate in the campaign, many FIU alumni came forward and voiced that they wished to see their donation benefit scholarships for graduate students in the School of Accounting. Providing scholarship opportunities for students makes a considerable impact that affords them the ability to focus on their studies while taking advantage of all that the College of Business has to offer. The firm’s contribution will also equip the College of Business with general support to further the continued success of the college’s programs. As a result, a classroom located in the College of Business’s MANGO building on the Modesto A. Maidique Campus was named for Kaufman Rossin. The future is bright for FIU and Kaufman Rossin, as both will continue working closely to help develop students that will shape the future of public accounting. Kaufman Rossin’s generosity, commitment and tenacity to ensure a meaningful impact on our students is what drives FIU forward to further the university’s efforts to provide a well-rounded, dynamic education that creates successful professionals for our tomorrow.
Steven M. Berwick
PREEMINENT PROGRAMS
Preeminent programs at FIU are defined as collaborative and highly innovative endeavors that demonstrate extraordinary success in providing unique learning opportunities and spearheading leading efforts in research and engagement.
Receiving this distinct designation as a preeminent program is recognition for outstanding contributions to advancing FIU’s strategic plan and for working to enhance the university’s reputation at the national and international levels.
For more information about our preeminent programs, please visit: beyondpossible.fiu.edu/preeminent-programs/
THE BRIDGE ENGINEERING PROGRAM
The Bridge Engineering Program has a national and international reputation for expertly tackling challenging bridge engineering problems and providing the bridge industry and nation with innovative and advanced technologies. There are more than 607,000 bridges in the U.S. and about 25 percent of them need to be replaced or retrofitted. With more than 200 million trips a day over these substandard bridges, the potential for tragedy from a bridge collapse is great. Public safety and mobility considerations demand replacing or retrofitting these substandard bridges using new and advanced technologies.
THE CENTER FOR CHILDREN AND FAMILIES (CCF)
The Center for Children and Families is a nationally recognized, interdisciplinary clinical research center committed to improving the lives of children and families struggling with mental health concerns. The mission of the Center for Children and Families is to (1) study the causes and nature of children’s mental health problems, (2) develop intervention and prevention models for evidence-based, cost-effective services that can be used to treat these problems, (3) provide services for children and families in clinic and community settings, and (4) educate students, families and professionals in the U.S. and abroad regarding the causes and treatment of childhood mental health and effective intervention and prevention.
THE EXTREME EVENTS INSTITUTE (EEI)
The Extreme Events Institute (EEI), currently comprising the International Hurricane Research Center and the Disaster Resilience and Climate in the Americas program, has become a globally involved center for research, education and training in natural hazards and disaster risk management. The institute conducts multi-disciplinary research on hazards and vulnerabilities of all types, with emphasis on the role of pre-impact “risk drivers.” The institute includes faculty and researchers from the social and behavioral sciences, engineering, computer science, earth and atmospheric sciences, public health, public administration, business and architecture.
THE INSTITUTE OF WATER AND ENVIRONMENT (INWE)
The Institute of Water and Environment represents one of the largest collections of faculty and students associated with water and environmental science in the United States. This preeminent program includes the Southeast Environmental Research Center, the Marine Education and Research Initiative and the Medina Aquarius Program, the Florida Coastal Everglades Long Term Ecological Research Program, plus an NSF-funded Center of Excellence on aquatic chemistry and ecotoxicology. It also includes the newly established Sea Level Solutions Center, bringing together faculty from nearly every college and school at FIU to address challenges posed by rising seas. In addition, the institute features organized research units on the sustainable built environment and informatics, international water group and socio-ecological systems.
THE STEM TRANSFORMATION INSTITUTE
The STEM Transformation Institute is dedicated to advancing educational research, practice and policy that facilitates educational change across the K-20 educational landscape. The institute leverages multidisciplinary collaborations across the College of Arts, Sciences & Education, College of Engineering & Computing and university to engage stakeholders across our community: students, faculty, administrators, local K-12 systems, local colleges, business and industry, foundations and national education organizations. The institute situates FIU as a living laboratory for developing future STEM professionals, especially those from statistically underrepresented groups, as a response to national calls for 100,000 new STEM teachers and an additional 1,000,000 STEM professionals by 2020.
GRAND TOTAL $60,240,526
13,291 DONORS GAVE
FOR GROWTH BUILDING OUR CAPACITY
For fiscal year 2016-2017, the FIU Foundation's investment returns totaled 12.4%. The FIU Foundation's endowment market value as of June 30, 2017 was $196.3 million. Four percent of the endowment market value, averaged over the 12 consecutive quarters ended December 31, 2016 was authorized by the Foundation board for spending in fiscal year 2017-2018.
Liabilities:
FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION, INC. AND SUBSIDIARIES (A Direct Support Organization) CONSOLIDATED STATEMENT OF FINANCIAL POSITION JUNE 30, 2017 and 2016
THE FIU FOUNDATION, INC. | 2016-2017
BOARD OF DIRECTORS
Thank you to all of our directors, past and present, for their time, leadership and dedication in support of FIU and The FIU Foundation, Inc.
EXECUTIVE COMMITTEE
Chairperson
Thomas M. Cornish ’85
BankUnited, Inc.
Chief Operating Officer
Vice Chairperson Richard Brilliant ’93
Carnival Corporation
Chief Audit Officer, Risk Advisory & Assurance Services
Development Committee, Co-Chair
Investment Sub-Committee, Chair Hotel Task Force, Chair
Vice Chairperson
Kathryn G. Chase Citigroup
US Head of Retail Business & Merchant Services
Treasurer
Adalio T. Sanchez ’87 Finance Committee, Chair
Secretary
Jill M. Granat, Esq. ’87 Restaurant Brands International General Counsel
Agustin R. Arellano, Sr. NV2A Group Chairman
Real Estate Sub-Committee, Chair
Steven M. Berwick, CPA ’74 Kaufman, Rossin & Co., P.A. Principal, Audit & Litigation
Consulting Audit Sub-Committee, Chair
Humberto “Burt” Cabañas ’76
Benchmark Hospitality International Chairman and CEO Marketing Task Force, Chair
Candice B. Gidney
Candice Gidney, Esq. P.A. Principal
Bylaws Special Committee, Chair
Claudia Puig Univision Radio
Senior Vice President and Eastern Regional Manager
Wasim J. Shomar The Lynx Companies Chairman & CEO
Membership & Board Management Committee, Chair
CEO
Howard R. Lipman The FIU Foundation, Inc.
President Mark B. Rosenberg Florida International University
DIRECTORS
Stewart L. Appelrouth, CPA, MS ’80 Appelrouth, Farah & Co., P.A. Co-Founder & Principal
Trish and Dan Bell Bell Family Foundation
Kenneth M. Bloom Bloom & Minsker, P.A. Partner
John M. Bussel Hewins Financial Advisors Principal & Regional Director
Maria R. Del Busto Del Busto Platinum Enterprises CEO
Carlos A. Duart ’94, MS ’99
CDR Maguire Inc. President
Juan R. Figuereo ’81 Revlon Consumer Products Corporation EVP & Chief Financial Officer
Francisco Gonzalez, CPA ’90 Morrison, Brown, Argiz & Farra, LLP Managing Principal
Noel J. Guillama-Alvarez ’99 Quantum Innovations, Inc. President & CEO
Michael A. Kappitt ’92 Carrabba’s Italian Grill President
Melvin L. Kirk Ryder Systems Senior Vice President & Chief Information Officer
Alberto Lorenzo ’74 Quantum Results Inc. President
Juan J. Martinez ’90, MAcc ’93
James L. Knight Foundation Vice President, CFO, Treasurer
Esther L. Moreno, Esq. ’95 Akerman LLP Corporate Practice Group Shareholder
Chad Moss ’94 Moss & Associates Executive Vice President Moss Foundation, Inc. President
Mario Murgado Brickell Motors, Inc. President and CEO
Marcel L. Navarro ’93
MMG Equity Partners Principal
Stacey J. Oddman, M.D. ’94
Holy Cross Hospital Chief of the Family Medicine Department
Jonathan E. Perlman
Genovese Joblove & Battista, P.A. Partner
T. Gene Prescott The Biltmore Hotel President
Randy B. Robertson ’84 BlackRock Inc. Managing Director
Orlando Roche ’88 Sabadell Bank & Trust Regional President, Miami-Dade County
Jorge Rossell TotalBank Chairman & CEO
Elliot Stone
Royal Castle Builders, LLC Principal
Oscar J. Suarez Ernst & Young LLP Florida Market Leader
Albert R. Taño, M.D. Kidz Medical Services Director and Associate Partner
Andre L. Teixeira ’92, MAcc ’93 The Graham Companies EVP & Chief Financial Officer
Jorge R. Villacampa Wells Fargo Area President, Miami-Dade
Gerald A. R. Wight ’89, ’92
Carver Federal Savings Bank Vice President, Portfolio Manager
Ex-Officios:
Lourdes “Luly” C. Balepogi ’00
Chispa Marketing, Inc. and Luly B, Inc. Founder & President
Leonardo Cosio FIU Student Government Association President, BBC
Kenneth G. Furton
Florida International University Provost and Executive Vice President
Eduardo V. Hondal ’88, MS ’00 Eli Lilly Company Senior Diabetes Specialty Representative
Joerg Reinhold
Florida International University Associate Professor
Foundation Fellows: Danny Pino ’96 and Lilly Bernal Pino ’97 Professional Actor and Actress
Former Foundation Board Chairpersons:
John K. Aurell (1971-1973)
Lester R. Johnson, Jr. (1973-1975)
Jay Janis (1975-1976)*
Dave W. Schornstein (1976-1977)
J. Stephen Hudson (1977-1978)
Thomas D. Lumpkin (1978-1980)*
David L. Perlman (1980-1982)*
Catherine H. Fahringer (1982-1984)
W. James Orovitz (1984-1987)*
Mr. Robert H. Coords (1987-1988)
Alvah H. Chapman, Jr. (1988-1993)*
Joseph P. Lacher (1993-1994)
David R. Parker (1994-1997)
Patricia Frost, EdD, DPS ’02 (1997-1999)
Herbert A. Wertheim, OD, ScD ’96, M.D. ’13 (1999-2000)
Sherrill W. Hudson (2000-2002)
Donald E. Lefton (2002-2004)
Carlos A. Migoya, Ph.D. ’74, MBA ’76 (2004-2006)
S. Lawrence Kahn, III (2006-2008)
Joseph L. Caruncho (2008-2009)
Albert Morrison, Jr.*, Honorary Chairperson (2010- honored posthumously)
Noel J. Guillama-Alvarez ’99 (2010-2011)
Justo L. Pozo ’80 (2011-2014)
THANK YOU
THOMAS M. CORNISH ’85
A special thank you to Tom Cornish for his years of service to the FIU Foundation Board of Directors. Since joining the board in 2006, Tom has brought forth positive change and impact that will continue to thrive for years to come. As our outgoing Chairperson of three years, Tom’s leadership and guidance helped in Propelling Us Forward, and we thank him for always being an advocate for FIU.
