Kent State University 2016 Generosity Report

A BOLD AND DISTINCTIVE FUTURE

29.8 MILLION $

IN GIFTS

There has never been a better time

we call The Kent State Promise.

become an exemplar of a reimagined

to consider a bold and distinctive

This commitment prioritizes higher

public research university. It is a

future for Kent State. With record

education’s most important outcome:

privilege to pursue our bright and

enrollments, growth in the diversity

more college graduates who have the

boundless future with your support.

and academic talent of incoming

skills, talent and desire to change the

freshmen, and the highest retention

world –who understand that a life of

and graduation rates ever, we are

meaning is just as important as a life

poised to accelerate our impact on a

of financial comfort.

national scale. This rising trajectory is made possible in great part by the significant engagement and support of our loyal alumni and friends, and we are deeply grateful for your generosity as chronicled in this report.

In addition, with your meaningful gifts provided over the last year, Kent State is attracting and retaining

Beverly Warren

talented faculty and staff who

President,

are delivering on our promise by

Kent State University

making a difference in the lives of our students and the well-being of

Over the past year, the university

our communities. We see compelling

community collaborated to imagine

evidence every day of their mold-

and articulate our aspirations in the

shattering, interdisciplinary research

form of a new vision, A Strategic

and teaching that changes lives.

Roadmap to a Distinctive Kent State. With five priorities and 16 University-Level Initiatives, the Strategic Roadmap is guiding the continuing development of our unique educational experience that

Sincerely,

On behalf of the entire Kent State community, I offer you heartfelt appreciation for your decision to invest in the transformative mission of Kent State University as we

PAGE 3

FOUNDATION

BOARD OF DIRECTORS AS OF JUNE 30, 2016

BOARD OFFICERS

Gary L. Brahler, ’89

Chair First Vice President - Investments, Polcar.Brahler.Heil.Belden Wealth Management Group of Wells Fargo Advisor

F. Carl Walter, Jr., ’73

Chair-Elect and Treasurer Chair, Committee on Finance Chairman (retired), Chess Financial Corporation

Lawrence R. Armstrong, ’79, ’80 Immediate Past Chair CEO, Ware Malcomb

Dr. Linda Marie Noelle, ’90, ’00

Secretary Central Office School Psychologist, Department of Justice, Bureau of Prisons

Robert W. Woolf, ’65

Treasurer Chair, Committee on Finance Chairman and President (retired), Chemi-Trol Chemical Company

Jeffery L. McLain, MMC, CFRE Executive Director Vice President, Institutional Advancement, Kent State University

Michael T. Strebler

Assistant Treasurer Chief Financial Officer, Kent State University Foundation Inc.

BOARD OF DIRECTORS

Harvey J. Bazaar, ’62 Caldwell, New Jersey

Christopher P. Bray, ’89

Managing Director - Florida, Ariel Capital Advisers LLC

Edmund D. Cooke Jr., ’65

Partner, Law Offices of Cooke Robotham LLC

R. Douglas Cowan, ’64

Chairman of the Board (retired), The Davey Tree Expert Company

Robert J. DiDiano, ’87

Senior Vice President and Regional Managing Director - New York Region Wells Fargo Private Bank

Barbara A. Donaho, ’92 Stow, Ohio

Timothy D. Eippert, ’92

President, MC Sign Company

John R. Elliot, ’70

President, AMFM, LLC

Barry E. Fetterman, ’74, ’76

Chair, Committee on Institutional Advancement Principal (retired), Sirach Capital Management Inc.

Richard J. Frenchie, MBA, LFACHE

President, The Frenchie Group

Cathy D. Hemming, ’70

Founder, Cathy D. Hemming Literary Agency LLC

Peter M. Holway, ’82

Chair, Committee on Investments; Investment Director, Hirtle, Callaghan & Company

Dr. Candice A. Hughes, ’70, ’72

Associate Professor, Department of School Psychology, The Chicago School of Professional Psychology

Nora Conway Jacobs, ’73

Chair, Committee on Grants; Senior Vice President, Hennes Communications

Steffany Matticola Larkins, ’92 Chief Marketing Officer, Medical Mutual

Judie Fall Lasser, ’00 Hudson, Ohio

James M. Bailey, ’03, ’04

Vice President, Senior Institutional Client Advisor PNC Asset Management Group

Brian M. Marino, ’01

Financial Advisor and Special Care Planner, Skylight Financial Group

Michael Napoli, ’74

Chair, Absolute Return Group

James M. Pazderak, ’74

President, Covenant Financial Group Ltd.

Joseph F. Rich

Senior Director, North America; Sales & Marketing, Danfoss Power Electronics

Robert G. Risman

President and CEO, Burton Carol Management LLC

Robert E. Ross, ’70

Director, Private Asset Management (retired), Robert W. Baird & Co.

Richard D. Selip

President, Grand River Rubber & Plastics Co.

David J. Sibits, ’72

Chair, Committee on Membership; Senior Vice President, Strategic Development, CBIZ, Inc.

Stephanie Danes Smith, ’79 Principal and Owner, TrueNorth Strategies, LLC; School of Journalism and Mass Communications, Kent State

Buzz Starner, ’67

President and Owner (retired), Starner Sales & Marketing

Michelle D. Thomas, ’05

President, The James Franklin Group, LLC

ASCENDING TO MEET TOMORROW

AT LARGE MEMBERS REPRESENTING ALUMNI ASSOCIATION

Kent State is stepping into the light.

Even as we stay true to our humble and hardworking roots, we are not afraid to shine in the spotlight. We are the beacon of opportunity for

EX OFFICIO MEMBERS

students seeking to deepen their

Presidential Appointment

knowledge, their understanding,

James L. Blank

Dean, College of Arts and Sciences, Kent State University

Trustee Representative

Ralph Della Ratta

Western Reserve Partners, LLC

Lori A. Randorf, ’99

Assistant Vice President, Kent State University Alumni Association

Stephen G. Sokany, MBA, ’96 Director, Board Relations and Executive Associate Vice President, Institutional Advancement

their talents — so they can become

has witnessed this success and is

leaders who make their mark on the

continuing to invest in our even

world.

brighter future.

Our growth is monumental. Since

Another record-breaking year is due

the shadows of the Great Recession,

to your dedicated and unwavering

our enrollment has increased

belief in the mission and vision of

nearly 20 percent. Put simply: Kent

Kent State.

State is the number one choice for college students in Northeast Ohio, graduating more students and

With much gratitude for your support,

preparing them for greatness than EXECUTIVE OFFICERS OF KENT STATE UNIVERSITY

any other institution in the region.

Beverly J. Warren

Scholarship funding for the Kent

President

Todd Diacon

Senior Vice President and Provost

Gregg S. Floyd

Senior Vice President for Finance and Administration

Mark A. Polatajko

Senior Vice President for Finance and Administration

State University Foundation, which contributed to these improved graduation rates, has grown an average of 11 percent annually from $3.1 million in 2012 to $4.6

Gary L. Brahler, ‘89 Chair, Kent State University Foundation Board

million in 2016. And this report will reveal what those resources have the power to make possible.

Our growing community of support

PAGE 4

PAGE 5

PUTTING

The Erin Myers Memorial Scholarship

STUDENTS

FIRST SCHOLARSHIPS

was created by friends, family and fellow Kent alumni who wanted to honor and celebrate Erin’s love of theatre, which GIVING IMPACTS

was nurtured while she was earning her

incoming first-year students at Kent State

Michael Maykut and John Eugene “Jack”

Master of Fine Arts degree in acting

has climbed by 50 percent. And even as

McGraw had been great friends since

we break records for applications and

they were roommates at Kent State in the

enrollment, the quality of our students

late 1940s. Michael, who funded his own

continues to rise. The fall 2016 entering

endowed scholarship in the College of

class boasts the highest grade point

Business Administration (COBA), wanted

average and the highest average ACT

to create a second fund in memory of Jack,

scores in university history.

and so established the Jack McGraw

In just five years, applications for

named for her will support students in the School of Theatre and Dance who study acting, directing, playwriting and design and technology.

College of Business Administration

Superior quality and affordability – so that

Scholarship that will benefit COBA

students can stay on track to graduation

students through their senior year of

– leads our agenda for

study.

undergraduate education.

That’s why we’ve kept

has declined precipitously. We also have

The Brewer-Garrett Company, a

tuition increases among

more than doubled university provided

Cleveland-based commercial energy

the lowest for public

scholarships over the past seven

services company, has been an active

universities in the

years. In just the last year alone, donor

partner of the Kent State student chapter

nation, even as state

support allowed us to award deserving

of the Mechanical Contractors Association

funding per student

students $4.6 million in privately funded

of Cleveland, hiring many graduates

scholarships.

from our Construction Management

Reducing debt load and increasing our ability to attract highly accomplished students through scholarship support is at the top of the university’s priorities.

And your generosity has been critical in helping us to meet this strategic goal.

PAGE 6

from Kent State. The scholarship

program. The company has committed to funding the Brewer-Garrett Company Construction Management Scholarship that will support students pursuing a Bachelor of Science degree in Construction Management.

PAGE 7

KENT STATE TO THE WORLD, THE WORLD TO KENT STATE

mentor, Professor Gustav Medicus. The Professor Gustav Medicus Florence Study Abroad Scholarship in Art will cover travel expenses for students studying art in the Florence program.

A Kent State education today might

The Grand Opening of the

start in Geauga, but end in Florence,

Palazzo Vettori

Manhattan, Hong Kong or Beijing. Our

Since January of 2016, students who

40,000 students can customize a study

travel to Florence now have all of their

away program that matches their goals.

classes under one roof, in the renovated

It could be an architecture student who wants to study how the classical buildings

15th century Palazzo Vettori. The building

of Europe influence modern design, or a

GIVING IMPACT

was officially inaugurated in April,

fashion major who wants to intern in Asia

The “Run the World 5k,” organized by

to learn how markets are related in the

colleges within the university and the

dignitaries and numerous Kent State

global economy. Kent State makes these

Office of Global Education, raises money

cross-cultural opportunities an integral

for study abroad scholarships. This year’s

part of all students’ education.

run supported a unique new incoming

An international Kent State also means

freshman study abroad program, with

extending an enthusiastic welcome to overseas students and faculty to enrich our stateside campuses.

The presence of a large cohort from other countries provides innumerable

students traveling to Florence, Italy before they have been introduced to traditional college life. The first group of 15 students in the program, nicknamed the “Florence 15,” traveled to Florence, in part, with scholarships raised by this

before a small gathering of local Italian representatives.

Centrally located in the heart of the city, Palazzo Vettori is the headquarters of Kent State’s Florence program and incorporates all academic activities with a single structure. The provides students with greater convenience, community and collaboration opportunities. The building is a pleasant blend of Renaissance architecture and modern amenities, and

benefits to domestic

event.

symbolizes the start of a new era for

and international

Heather Rayburn graduated in 2005 with

students

a Bachelor of Arts in Art History. Her

as one of the city’s leading study abroad

alike.

passion for arts education led her to fund

Kent State Florence, making it stand out programs.

a scholarship in honor of her friend and

PAGE 8

PAGE 9

PROPELLING AERONAUTICS TO GREATER

HEIGHTS

careers in one of five majors: Aeronautical Studies, Aeronautical Systems With one of the best aeronautics programs in the nation, Kent State engages students who will emerge as leaders in a growing, worldwide industry. A corporate gift from FedEx Express in support of the flight program and Kent State Airport enhancements highlights the university’s capacity and calling to energize the future of aeronautics.

As part of a comprehensive master plan to upgrade facilities at the Kent State University Airport, a new, free-standing aeronautical training facility — the FedEx Academic Hub — will provide space for state-of-the-art instruction and improved aspects of airport operations.

The academic and teaching portion of the approximately 17,000 squarefoot building will include several large classrooms, a briefing room, a studentpilot collaboration space, a new simulation lab and new offices for faculty and students.

many disciplines across the

Engineering Technology, Air Traffic

university. It will act as a focal

Control, Aviation Management and Flight

point for infrastructure support

Technology. In addition, a new Bachelor of

and philanthropy that will allow the

Science degree in Aerospace Engineering

a national level, and bring distinction

focuses on the application of engineering principles to the design, manufacture

to Kent State.

and functionality of aircraft, missiles and

Brain health represents arguably

spacecraft, including unmanned aerial

the largest area of existing research

systems.

strength at the university and spans

Through partnerships with professional

many departments, colleges and campuses. It has received 85 awards

aviation, aeronautics graduates are

in the last five years totaling over

prepared to be successful on the leading

$8.8 million in funding, The program

edge of innovative advancements in stage. As the aeronautics industry realigns its workforce for the 21st century, partnerships between corporate employers and comprehensive aeronautics programs like Kent State’s are critical to ensuring a pipeline of talent for the sector.

Kent State researchers hold 190 active patents, and our research productivity was ranked fifth in the U.S. and Canada by the Milken Institute. Our faculty not only enlighten our knowledge of the universe around and within us – they better our

PAGE 10

psychological sciences and exercise sciences, to health, education and disciplines in the humanities.

Research Experience (SURE), provide

of national distinction by building our State aims to bring together investigators from varied disciplines to address the

the aeronautics program at Kent State is

field.

students, and prepares them for aviation

environment from the neurosciences,

As we seek to reach greater heights

most important questions in a particular

supports 543 undergraduate and graduate

of researchers in a multi-disciplinary

In addition, student research programs,

Celebrating its 50th anniversary in 2017, the only one offered in Ohio. It currently

brings together tremendous teams

society.

culture of research and innovation, Kent The Flight Program at Kent State

FOR LIFE

researchers to excel and compete on

was introduced in fall 2016, which

the United Sates and on the world

RESEARCH

such as the Summer Undergraduate an opportunity for undergraduate researchers to engage directly with a faculty mentor, gain valuable experience to clarify career and educational goals, enhance research skills and gain academic insight.

With the creation of the Brain Health Research Institute, Kent State will bring together a community of like-minded researchers and creative scholars from

PAGE 11

A REGIONAL FORCE

A HOME AWAY FROM HOME

THE CENTER FOR PHILANTHROPY AND ALUMNI ENGAGEMENT GIVING IMPACT The Twinsburg Township – Village of Reminderville Joint Economic Development District (J.E.D.D.) promotes jobs and economic development, and is committed to higher education, workforce

From Ashtabula to Tuscarawas, from

degree. This fall, just as we realized an

Independence to Columbiana, students

increase in retention on the Kent Campus,

can study in the convenience of campuses

we saw an overall increase in retention on

near their hometown.

the regional campuses as well.

We embrace the full magnitude of the

Two of Kent State’s regional campuses

power and resources of our eight-campus

have also seen enrollment growth: Kent

system. Our regional campuses play

State University at Stark and Kent State

important roles in their communities and

University at East Liverpool. Kent State

they are life-changing catalysts for the

at Stark welcomed 5,015 students, which

students we serve. Not only is the cost to

is the largest concurrent enrollment it

attend a regional campus 40 percent less

has ever recorded since the campus was

than the Kent Campus, the environment

founded in 1946, shattering its previous

at our seven regional campuses is

high of 4,919 in 2011. Kent State at

especially mindful of assisting all

East Liverpool’s concurrent enrollment

students to realize the dream of a college

increased by 4.6 percent compared to last year.

PAGE 12

As we seek to strengthen our partnerships with alumni and our generous donors, a new home for these activities reflects the importance we place on engaging and stewarding our constituent communities.

when they visit the Kent Campus. It has become one of the most frequent

development and student success.

The new Center for Philanthropy and

campus gathering locations for alumni

The Twinsburg Township – Village

Alumni Engagement unites, under one

and friends, with an event space for

of Reminderville Joint Economic

roof, all departments within the Division

receptions, dinners and lectures; a large

Development District Endowed

of Institutional Advancement and

boardroom; and smaller meeting rooms.

Scholarship will support students enrolled at the Geauga Regional Academic Center in Twinsburg who are pursuing a two or four-year degree.

The Elizabeth Z. Bartz Scholarship for Howland Tigers was established by alumna Elizabeth Bartz, who received both her B.A. and Master’s from Kent State. She credits the Trumbull Campus and its professors as the place and people who supported her at the beginning of her educational career. Her scholarship will benefit students from Howland High School, her alma mater, who matriculate to Kent State University at Trumbull.

provides a specially designed, unique gathering place for alumni and university supporters. Housing the Office of Institutional Advancement, Alumni Relations and the Kent State University Foundation, the facility provides visitors with a welcoming and convenient

The three-story, 34,400-square-foot building also provides integrated office space for Institutional Advancement staff, and includes a 28-station call center for the division’s Annual Giving program.

The new building was made possible through a partnership between the Kent State University Foundation and the Portage County Port Authority, continuing the remarkable and awardwinning town-gown relationships that have been the hallmark of the region’s recent extraordinary growth.

home base

PAGE 13

NEW ENDOWMENTS FOR FISCAL YEAR 2016 > The L. Szari Excellence in Lighting Design Fund

Louis Szari

> James M. and Kelly J. Bailey Scholarship

James M. Bailey

> David McFarland Memorial Scholarship

Lellan L. McFarland and Carol J McFarland > Friends of Michael Dragomier 250 Endowed Scholarship Fund

College of Applied Engineering, Technology and Sustainability > The Cincotta Family Endowed Scholarship in Hospitality Management

Paul S. Cincotta

> Michael J. Maykut College of Business Administration Scholarship > Jack McGraw College of Business Administration Scholarship

Michael J. Maykut

> Dr. Denise M. Smith May 4 Program Fund > Dr. Denise M. Smith Endowed Scholarship

Denise M. Smith

> Stankiewicz Family Honors Thesis and Emergency Fund

Dr. Ann F. Stankiewicz

> The Warfield, Walter and Lee Accounting Scholarship

Richard K. Warfield, Frank Brock Walter, Michael R. Lee > Dr. James Dickoff and Dr. Patricia James Undergraduate Scholarship for the Department of Philosophy

Department of Philosophy

> Ole and Kathy Benyo-Gilbo Landscape Architecture Fund

Kathleen A. Benyo-Gilbo

> The School of Art Galleries and Collection Program Fund

College of the Arts

> The Helen Wescott Dix Memorial Scholarship for Strings

Kent State University Orchestra Society > Patricia A. Myers Endowment

College of the Arts

> Sara Stone Miller Endowment for Music Education

Dr. Sara S. Miller, Curtis C. Stone

> Nutrition and Dietetics Endowed Scholarship College of Education, Health and Human Services > Donna Zurava Memorial Prize Rebecca Ann Zurava > The Amy Weaver Endowed Scholarship for Music

Candace Weaver Trachsel

> WKSU Capital Improvement Fund

WKSU

> The Chizu and Kota Yokoyama Endowed Assistant Professorship

Dr. Hirohshi Yokoyama

> Walker-Buchanan Founders Award

J. Charles Walker, John Brett Buchanan > Joseph A Misinec Jr. and Richard D. Selip Scholarship

Joseph A. Misinec, Jr., Richard D. Selip

> Dr. John W. Hayes Endowed Nursing Scholarship

Kent State University at East Liverpool

> The Albert and Rose Schneider Higher Education Graduate Student Leadership Scholarship

Dr. Mary Ann Schneider

> Hospitality Management Inspiration Endowed Scholarship

PAGE 14

College of Education, Health and Human Services

> Bob Callori Athletic and Fitness Fund > B. Robert Callori Architectural Scholarship

Bob Callori

> The John H. Parks Memorial Endowed Scholarship for the Humanities

Barbara Haviland

> David and Janet Dix Athletic Scholarship

David E. Dix, Janet E. Dix

> Twinsburg Township - Village of Reminderville Joint Economic Development District (J.E.D.D.) Endowed Scholarship

Twinsburg Township - Village of Reminderville Joint Economic Development District > Sandra F. Kramer Endowment Scholarship for Kent State University at Stark

Sandra Kramer

> David T. Mason Memorial Endowed Scholarship

David T. Mason Charitable Foundation

> Dr. Roxanne Burns Endowed Scholarship

Emily M. Burns

> Polatajko Family Scholarship

Mark Polatajko, Teresa Polatajko

> Ewers-Johnson Endowed Scholarship in Memory of Celeste Janello

Michael J. Ewers, Matthew C. Johnson

> The Edward M. and Susannah W. Perkinson Endowed Fund for WKSU Local News Reports > The Edward M. and Susannah W. Perkinson Endowed Scholarship for Broadcast Journalism Students

With gratitude, Kent State University relies on the invaluable support provided by the following new endowments established between July 1, 2015 and June 30, 2016.

> Gegick Family Honors College Scholarship

Gary Gegick, Mary Lou Gegick

> Chet Williams Baseball Endowment

Chester “Chet” A. Williams

> Ada and Roger Fidler Scholarship

Roger F. Fidler, Ada Fidler

> William H. Miller WPNI Scholarship

> Dr. Guion S. Bluford, Jr. Minority STEM Scholarship > Dr. Guion S. Bluford, Jr. Minority Aeronautics Scholarship

William H. Miller

Dr. Guion S. Bluford, Jr.

> The Boone Family Endowed Scholarship for Early Childhood Education

> The Kent State Jazz Education Endowment Fund Robert Hoefler, Lynnda Hoefler

Edward M. Perkinson, Susannah W. Perkinson

Delores Boone

> The Brewer- Garrett Company Construction Management Scholarship

The Brewer-Garrett Company

> The Cafaro Foundation Excellence Scholarship for Niles Red Dragons

William A. Cafaro

> The Vincent J. Stark Scholarship for Painting and Drawing Students

> Dr. Erik D. Heidemann Endowed Political Science Scholarship

Marlinda K. Heidemann, David H. Heidemann

> Professor Gustave Medicus Florence Study Abroad Scholarship in Art

Heather Guess Rayburn

> The Linda L. McDonald Faculty Professional Development Fund for the School of Art (Program Fund)

Vincent J. Stark Foundation

Linda L. McDonald

> Haywood Doe Consulting Co. LLC Endowed Scholarship

> David A. Johnson Army ROTC Endowed Fund

> The Jean Druesedow Endowed Fund for Costume and Textile Conservation and Preservation (Program Fund)

> Kent State University Institutional Support Fund

> The Daniel L and Rosemary Rhodes Endowed Scholarship in the College of Business Administration

Christopher P. Sullivan

> Dr. Gary L. Robinson Chalker High School Scholarship

Joyce Taylor

Dr. Vicki Haywood Doe Jeffrey A. Moats

> The Daniel L. and Lori A. Ronan Endowed Scholarship in Journalism

Daniel L. Ronan, Lori A. Ronan

> The Sue Shuster-Dixon Endowed Scholarship for Women’s Basketball

Sue Shuster-Dixon

> Kent State University Construction Management Alumni Scholarship

College of Applied Engineering, Sustainability and Technology

The Irrevocable Trust of David A. Johnson

Daniel L. Rhodes, Rosemary L. Rhodes

Dr. Gary L. Robinson, Kathleen A. Robinson > Erin Myers Memorial Scholarship

> The Phil Robb Endowed Scholarship for Theatre at Kent State University at Stark Campus

Laura Troxell, Ed. D., John Hendrickson > Stephen M. Hawley Scholarship Fund

Stephen M. Hawley

> Andrew and Francisca Paz DeCarlo Endowed Scholarship in History > Andrew and Francisca Paz DeCarlo Endowed Scholarship in Modern and Classical Languages

Andrew DeCarlo, Francisca Paz DeCarlo

> Mary Ann Stephens and John R. Graham Award for Excellence in Graduate Research and Scholarship

Dr. Mary Ann Paris Stephens, Dr. John R. Graham > Dennis G. Cipriany Endowed Scholarship in Journalism and Mass Communication

College of Communication and Information

> Elizabeth Z. Bartz Scholarship for Howland Tigers

Elizabeth Z. Bartz

> Higher Education Administration and Student Personnel Endowed Travel Fund

> JoAnn H. Smith Buffo and Eugene H. Buffo Endowed Scholarship in the School of Journalism and Mass Communication and the College of Business Administration

> The Robert and Susan Conrad Scholarship for the Kent Blossom Music Festival

students receiving financial assistance.

Amount of private scholarship

> John M. Rose Scholarship in Accounting

support provided to students

John M. Rose

The Joanne and Sam Malene Scholarship at Kent State University at Stark

Dale L. Bards, Barbara A. Bardes

Percentage of Kent State

College of Education, Health and Human Services

> Gary R. Branden Baseball Scholarship > Bardes Architecture Scholarship

TO YOU

> John W. Troxell College of Business Administration Scholarship

> The Fashion School Study Away Endowment Program Fund

The College of the Arts

THANKS

Philip L. Robb, Denise Young-Robb

> The Kent State History Faculty Endowed Scholarship

Gary R. Branden

IMPACT

BY THE NUMBERS

by Kent State University Foundation donors in 2015-16.

College of the Arts

Total number of donor-

Joanne S. Malene, Samuel A. Malene

funded Kent State University

The Dr. Dorothy Baldwin Wicker Founders Scholarship in Physics

Foundation endowments.

Dorothy B. Wicker

Robert Allen Conrad, Susan Hall Conrad, Ed. D.

JoAnn H. Smith Buffo, Eugene H. Buffo

PAGE 15

FINANCIALS FY 2015/2016

FOUNDATION ASSETS IN MILLIONS

163.5

2013

94.6 174.2

2014

2014

110.9 179.4

2015

115.9 184.4

2016

PAGE 16

2012

85.3

2013

110.7

FY 2015/2016

FOUNDATION SUPPORT TO KENT STATE IN MILLIONS 136.7

2012

FINANCIALS

ASSETS AND DISBURSEMENTS

2015 2016

10.2 3.1 10.5 3.1 8.7 2.9 10.9 3.9 9.3 4.6

TOTAL ASSETS

GRANTS TO KENT STATE UNIVERSITY

ENDOWED ASSETS

SCHOLARSHIPS AWARDED

STATEMENTS OF FINANCIAL POSITION JUNE 30, 2016 AND 2015

ASSETS CASH AND CASH EQUIVALENTS RECEIVABLES PLEDGES INTEREST ON NOTES RECEIVABLE INVESTMENTS LONG-TERM POOL CHARITABLE REMAINDER TRUSTS SHORT-TERM POOL

2016 2015 $ 1,030,422 $ 2,202,184

BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS NOTES RECEIVABLE – HOTEL AND CONFERENCE CENTER PROPERTY, NET OF DEPRECIATION

LIABILITIES AND NET ASSETS LIABILITIES ACCOUNTS PAYABLE FUNDS HELD FOR OTHERS CAPITAL LEASE LIABILITY ACTUARIAL LIABILITIES ANNUITIES CHARITABLE REMAINDER TRUSTS

NET ASSETS UNRESTRICTED TEMPORARILY RESTRICTED PERMANENTLY RESTRICTED

9,182,166 539,110 9,721,276

8,901,105 436,129 9,337,234

137,074,323 5,813,334 45,938 142,933,595

141,781,472 6,127,738 18,162 147,927,372

4,120,018 14,426,108 12,191,901 $ 184,423,320

4,265,258 14,426,108 1,305,688 $ 179,463,844

$ 144,148 8,590,899 9,733,652

$ 92,084 9,039,339 ----

1,827,765 1,774,536 2,249,041 2,457,202 22,545,505 13,363,161 9,873,724 107,584,593 44,419,498 161,877,815 $ 184,423,320

10,997,258 114,097,081 41,006,344 166,100,683 $ 179,463,844 PAGE 17

FINANCIALS FY 2015/2016

FINANCIALS

STATEMENT OF ACTIVITIES

FY 2015/2016

YEAR ENDED JUNE 30, 2016

RESTRICTED RESTRICTED

UNRESTRICTED TEMPORARILY PERMANENTLY REVENUE AND SUPPORT GIFTS

CASH AND SECURITIES $ 55,508 $ 12,011,962 $ 2,731,158

NET CHANGE IN PLEDGES RECEIVABLE ---- 824,996 35,281

55,508 12,836,958 2,766,439

LOSSES ON PLEDGES RECEIVABLE

TOTAL $ 14,798,628 860,277 15,658,905

---- 55,508

(497,661) 12,339,297

(81,557) 2,684,882

(579,218) 15,079,687

NET INVESTMENT INCOME

SECURITIES

INVESTMENT POOL OPERATOR FEE

INVESTMENT IN HOTEL AND CONFERENCE CENTER

(1,079,109) 1,429,979 846,304 1,197,174

(3,956,189) (1,429,979) ---- (5,386,168)

---- ---- ---- ----

(5,035,298) ---846,304 (4,188,994)

SALES, SERVICES, EVENTS AND OTHER CHANGES IN DESIGNATION OF PRIOR CONTRIBUTIONS CHANGE IN ACTUARIAL LIABILITIES RELEASE OF RESTRICTIONS

270 (109,606) ---- 13,012,728 14,156,074

369,740 (630,581) (192,048) (13,012,728) (6,512,488)

174,506 740,187 (186,421) ---- 3,413,154

EXPENSES AND LOSSES GRANTS FOR KENT STATE UNIVERSITY ADMINISTRATION

14,439,287 840,321 15,279,608

---- ---- ----

CHANGE IN NET ASSETS

(1,123,534)

NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF YEAR

STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2015

RESTRICTED RESTRICTED

UNRESTRICTED TEMPORARILY PERMANENTLY REVENUE AND SUPPORT GIFTS

CASH AND SECURITIES $ 81,978 $ 15,346,781 $ 2,455,663

NET CHANGE IN PLEDGES RECEIVABLE (2,498) (84,324) 591,806

79,480 15,262,457 3,047,469

LOSSES ON PLEDGES RECEIVABLE

TOTAL $ 17,884,422 504,984 18,389,406

375 79,855

(14,226) 15,248,231

(112,711) 2,934,758

(126,562) 18,262,844

NET INVESTMENT INCOME

SECURITIES

INVESTMENT POOL OPERATOR FEE

INVESTMENT IN HOTEL AND CONFERENCE CENTER

392,699 1,493,216 910,382 2,796,297

2,124,177 (1,493,216) ---- 630,961

---- ---- ---- ----

2,516,876 ---910,382 3,427,258

544,516 ---(378,469) ---11,056,740

SALES, SERVICES, EVENTS AND OTHER GAIN OR LOSS ON SALE OF PROPERTY CHANGES IN DESIGNATION OF PRIOR CONTRIBUTIONS CHANGE IN ACTUARIAL LIABILITIES RELEASE OF RESTRICTIONS

764 ---- (2,554) ---- 13,980,813 16,855,175

183,303 (177,636) (1,304,382) 108,615 (13,980,813) 708,279

25,077 ---- 1,306,936 (93,438) ---- 4,173,333

209,144 (177,636) ---15,177 ---21,736,787

---- ---- ----

14,439,287 840,321 15,279,608

(6,512,488)

3,413,154

(4,222,868)

EXPENSES AND LOSSES GRANTS FOR KENT STATE UNIVERSITY ADMINISTRATION

15,410,049 677,050 16,087,099

---- ---- ----

---- ---- ----

15,410,049 677,050 16,087,099

10,997,258

114,097,081

41,006,344

160,100,683

768,076

708,279

4,173,333

5,649,688

$ 9,873,724

$ 107,584,593

$ 44,419,498

$ 161,877,815

10,229,182

113,388,802

36,833,011

160,450,995

$ 10,997,258

$ 114,097,081

$ 41,006,344

$ 166,100,683

CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF YEAR

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