Page 1

Compliments of J. Bryan Benchoff President & CEO, The Ohio University Foundation

Foundation Report • 1


2 • Ohio University


Contents letter from the vice president & chair delivering OHIO’s promise letter from the treasurer financial information promise lives campaign progress volunteer leadership

3 4 10 12 18 24

Foundation Report • 3


24 • Ohio University


Delivering OHIO’s Promise Ohio University Foundation continues the tradition of “philanthropy in service to education”

Every day Ohio University strives to provide the nation’s best transformative learning experience. We’re conquering new frontiers in teaching, research, innovation, and more. And, The Ohio University Foundation is a proud partner in securing the promise of Ohio University. Since the Foundation received its first gift in 1945, the endowments that support OHIO have grown to more than $400 million. These endowments will provide $10.2 million to the University’s colleges, campuses, and units this year. We will sustain this success through new investment policies designed to preserve the longterm growth and buying power of our endowments. We are in a new era of asset management – providing careful stewardship of the resources entrusted to us by Ohio University’s alumni and friends. New resources are added to our endowments every day. In fact, during fiscal year 2012 (July 1, 2011 through June 30, 2012) more than $45 million was added to our endowment through gifts and pledge payments.

This report is created first and foremost to thank you for your support of The Ohio University Foundation. On these pages, we have the opportunity to share a few stories about donors who, like you, have a transformational influence on our University. Fiscal 2012 marked the public launch of The Promise Lives Campaign, which will raise $450 million in gifts and commitments in support of endowment, students, faculty, programs, outreach and partnerships, and select facilities by June 30, 2015. By fiscal 2012’s end, the Campaign had secured $400.71 million, $184.69 million for the Foundation’s endowment. This report highlights just a few of the 24,249 donors who made a difference for our University in fiscal 2012. Their gifts align with critical Campaign priorities, including: • Supporting Students • Supporting Faculty • Supporting Programs

• Supporting Outreach and Partnerships • Supporting Facilities Together, alumni and friends, corporations, foundations, and organizations contributed more then $55.86 million in new gifts and pledges in fiscal 2012. These donors delivered on OHIO’s promise. Thank you. In Support of Ohio University,

J. Bryan Benchoff President & CEO, The Ohio University Foundation

Laura Brege ’78 Chair, The Ohio University Foundation Board of Trustees Foundation Report • 3


FACULTY SUPPORT

Russ Professors (front row) Shad Sargand and Gerardine Botte; (back row) Robert Judd and Frank van Graas. (not pictured) Srdjan Nesic.

4 • Ohio University


The Gift That Keeps on Giving Fritz Russ had a well-known knack for vision. In fall 2011, then, we weren’t completely surprised to learn that YSI, Inc. – a leading developer and manufacturer of technology for environmental water monitoring – was acquired by high-tech engineering and manufacturing company ITT. The result? An additional $29 million toward the groundbreaking Russ estate gift of 2008. The largest charitable donation to any public engineering college in the United States, the gift grew from $95 million to an astounding $124 million. The news was another example of Fritz’s foresight in engineering and technology applications – he likely invested in YSI in the 1950s. The company was founded in 1948 in Yellow Springs, Ohio, just outside of Dayton, where the Russes founded their company, Systems Research Laboratories, not long after. In addition to supporting student competitions, targeted scholarships, and strategic research areas, the gift has funded three new Russ Professorships. Such professorships are key to retaining the Russ College’s most promising faculty, thereby inspiring internationally important research, and opening doors for both undergraduate and graduate students who

study with these teacher-scholars. Gerardine Botte, Robert Judd, and Srdjan Nesic join Frank van Graas and Shad Sargand as current Russ Professors. Gerardine Botte • Russ Professor of Chemical and Biomolecular Engineering • Director, Center for Electrochemical Engineering Research

Gerardine Botte is internationally recognized for her research on and development of ammonia and hydrogen-based fuel cells. She is the first researcher to efficiently convert urine/human wastewater into an alternative fuel source using electrochemical techniques. She is a fellow of the National Academy of Inventors. Robert Judd • Russ Professor of Industrial and Systems Engineering • Chair, Department of Industrial and Systems Engineering • Director, Center for Advanced Software Systems Integration

Robert Judd has been a part of various research teams that have brought almost $5 million in sponsored research to the college, including a longrunning program sponsored by General Electric (GE) that involves designing, implementing and maintaining cost modules that are integral to GE’s turbine engine design process.

Srdjan Nesic • Russ Professor of Chemical and Biomolecular Engineering • Director, Corrosion and Multiphase Technology (ICMT)

The largest facility of its kind in the world, the ICMT performs corrosion research sponsored by the leading oil and gas companies across the globe. Under Nesic’s leadership, external research funding has increased ten-fold since 2002. Nesic, who holds visiting and adjunct professorship positions across the world, is also a fellow of the international corrosion professional society NACE International and was honored with the H.H. Uhlig Award for outstanding effectiveness in post-secondary education. Frank van Graas • Russ Professor of Electrical Engineering • Principal Investigator, Global Positioning System Research, Avionics Engineering Center

Shad Sargand • Russ Professor of Civil Engineering • Associate Director, Ohio Research Institute for Transportation and the Environment

Foundation Report • 5


Supporting access to an Ohio University education

STUDENT SCHOLARSHIPS Recipient of the 2012-13 Stuckey Lancaster Campus Scholarship Kameron Starr.

What is the legacy of Ohio University? The answer is simply to provide access to a higher education for anyone who dreams of earning one. We know that a college degree changes a life forever and this is why a Promise Lives Campaign priority is to build endowments that fund scholarships. Chuck and Marilyn Stuckey, stalwart OHIO supporters, share this belief and made a generous Campaign gift of $2 million to establish four scholarships. Three were established in the existing Manasseh Cutler, Appalachian, and Urban Scholars Programs. The forth scholarship—one close to Chuck and Marilyn’s heart—supports a Lancaster, Ohioarea student enrolled through the Lancaster Campus who is studying engineering, mathematics or any of the natural sciences. Chuck started at the Lancaster Campus and worked full time while going to school. Their gift acknowledges Chuck’s experience and the Stuckey’s belief that access to higher education changes lives. Chuck Stuckey is a trustee emeritus of The Ohio University Foundation Board, serves on the Fritz J. and Dolores H. Russ College of Engineering and Technology’s Board of Visitors and Robe Leadership Institute Advisory Boards, and chairs The Promise Lives Campaign Steering Committee. The Lancaster Campus enabled me to work my way through school; without it, I most likely would not have been able to get my degree. We established the Lancaster Campus scholarship to do something to help Lancaster-area students seeking their promise at Ohio University. Also, we decided to direct scholarships to a broad cross section of high-achieving students in need who plan to major in science, math or engineering as a way to address our country’s recent loss in achievement in these areas of study. – Chuck Stuckey, BSME ’66

6 • Ohio University


Ensuring the nation’s best transformative learning experience The OHIO student-life experience is rich and diverse: students can be part of athletics, Greek life, one (or often, more) of the 350 student organizations, student government, and education abroad. Students learn about themselves and grow into their promise by being involved. Students experience tremendous growth when they engage in an education abroad experience. OHIO’s Office of Education Abroad helps students study, intern, teach, work, or volunteer in other countries, expanding their academic and personal horizons. The world is shrinking, and OHIO’s alumni and friends support students who seek out the world’s cultures and their people. Dr. Sushila Gawande gave to OHIO’s Center for International Studies for The Promise Lives Campaign by establishing the Ram and Sushila Gawande India Endowment in honor of her late husband Dr. Ram Gawande. This $250,000 fund supports students and faculty with travel, field research, health services, and community outreach and enhances collaboration with the Gopikabai Sitaram Gawande College in Yawatmal District, India. Education abroad rounds out the OHIO student. They have the opportunity to access new perspectives in their fields of study and have the chance to learn about themselves and how they fit into the world around them. – Catherine Marshall, Director, Office of Education Abroad

STUDENT EXPERIENCE

Honors Tutorial College students at Musee d’Orsay’s Clock Window during a study abroad experience in Paris, France. Study abroad and exchange programs like this, and like those supported by the Gawande Endowment, change the way students see the world. Foundation Report • 7


OUTREACH

OU-HCOM students in the Theodore F. Classen D.O. Education Center at Cleveland Clinic South Pointe Hospital.

Training primary care physicians at OHIO for Ohio The Ohio University Heritage College of Osteopathic Medicine (OU-HCOM) is establishing a northeastern Ohio extension campus with their longtime training partner, Cleveland Clinic. The campus will welcome a class of 32 medical students in July 2015. Cleveland Clinic’s contribution of $13.1 million includes capital improvements and renovations to the building, staff and operational support, as well as medical education support. Cleveland Clinic also is committed to working to expand the number of AOA-approved or dual-accredited post graduate residency and fellowship positions. The investment includes a $5 million gift to South Pointe Hospital from the Brentwood Foundation and a $2 million gift from Cleveland Clinic South Pointe Hospital to support the new extension campus. In addition, the Brentwood Foundation is committing $6 million to graduate medical education at South Pointe Hospital. This news followed closely an announcement of a new central Ohio campus in Dublin with funding from the Osteopathic Heritage Foundations and in partnership with OhioHealth. Fifty medical students will begin training there beginning August 2014. OU-HCOM’s new campuses mean greater engagement of the health systems’ specialists who, as clinical faculty members, will share their knowledge and experiences with students at all three campuses. Student discovery will be encouraged through new research programs, especially through projects that target the health care needs of underserved Ohio communities.

8 • Ohio University


Importantly, the new campuses will be closer to home for our many medical school applicants from the Cleveland and Columbus areas, creating a strong incentive for more medical students to train at OHIO and stay in Ohio to practice. Fifty percent of our medical school graduates remain in Ohio to practice, and 57 percent of those physicians specialize in primary care. The expansion into two of the largest physician-shortage areas in the state significantly enhances our ability to fulfill our mission of educating individuals committed to remaining in Ohio and to serving the health care needs of all Ohioians.

Support for facilities that define the OHIO experience Does every contribution to The Promise Lives Campaign really make a difference for OHIO students? Ask Kenneth Fisher, BSED ’61, who gave $2,000 in 10 payments over two years to support OHIO’s Multi-Purpose Center, and he’ll say the answer is yes. The Center, which is fully-funded thanks to 328 donations—319 in FY 2012 alone—totaling more than $11 million, not only will benefit OHIO athletes but also the University and southeast Ohio communities. The Center will host Marching 110 rehearsals, intramural games, large classes, student-life events, local high school games, summer camps, special community events and more. Annual gifts—like the kind Ken provided—made a difference in moving this project from a dream to a reality.

FACILITIES

Students from across campus, and throughout the community, will use the new Multi-Purpose Facility.

I gave back for what the Multi-Purpose Center can do for recruiting students: not just football players, but other student-athletes and the general student population, too. I think the facility will be used in ways that haven’t even been conceived of yet! –Kenneth Fisher, BSED ’61

Foundation Report • 9


Message from the Treasurer: The Ohio University Foundation continues to bolster its financial position and its mission in support of Ohio University. Though fiscal year 2012 saw volatility in the financial markets, other aspects of the Foundation enabled it to improve its net asset position while increasing financial support to Ohio University. After a 19.0% return on the endowment’s diversified investments in fiscal year 2011, the portfolio experienced much volatility in fiscal year 2012 and posted a return of – 0.2% for the 12 months ending June 30, 2012. Strong returns in fixed income and U.S. equities were offset by poor returns in international equities and real assets. The portfolio’s return outperformed its diversified benchmark return, which was – 0.6% for the same period. The three- and five-year returns as of June 30, 2012 were 11.6% and 1.5%, respectively, and outperformed the benchmark for those periods. Despite the lack of a positive return to the portfolio in fiscal year 2012, the endowment provided $10.0 million to Ohio University as compared to $5.4 million in fiscal year 2011 in support of scholarships, professorships, and other operational needs. This increase was due to the quick recovery of the endowment after the impairment that was a result of the financial market crises in 2008 and 2009. It was also due to a continued commitment to giving by the Foundation’s donors. That giving was apparent as the Foundation received $20.6 million in gifts and contributions in fiscal year 2012, which primarily contributed to the increase in net assets to $417.4 million at June 30, 2012 from $385.6 million at June 30, 2011. A portion of that net asset growth was supported also by two of the Foundation’s subsidiaries: the OU Inn and University Courtyard. Each operating entity

10 • Ohio University


experienced successful operating performance in fiscal year 2012 that surpassed results of the prior year providing additional financial strength to the Foundation. Since 2009 Hirtle, Callaghan & Co. has provided advisory oversight to the Foundation’s Investment Sub-Committee in managing the investment portfolio comprising the endowment. Over the past decade the Foundation’s Investment Sub-committee has affected changes in portfolio management by diversifying the portfolio to distribute risk over various asset classes and adjusting the spending rate to more sustainable levels. In recognition of the continued growth in Foundation assets and in support of The Promise Lives Campaign, focus has been placed on expanding the Foundation’s financial support operation, improving the endowment financial systems, and automating administrative processes employed across the asset portfolio. Implementation of a more robust endowment financial reporting system necessitated the review of each endowment and its corresponding donor record. These reviews resulted in the redesignation of one large endowed account, but no negative impacts were realized for academic programs supported by the earnings from that endowment. These efforts over the past couple of years have paved the way for a more responsive, accurate and accountable financial reporting environment. The budgetary and fiduciary responsibilities over the operations and assets of the Foundation are more firmly set as a result of these efforts.

Stephen T. Golding Treasurer, The Ohio University Foundation Foundation Report • 11


FINANCIAL INFORMATION The Ohio University Foundation and Subsidiaries Summary Statements of Financial Position as of June 30, 2012 and 2011 Following are summarized versions of the Foundation’s financial statements as of and for the years ended June 30, 2012 and June 30, 2011.

Restated

Restated

Assets

June 30, 2012

June 30, 2011

Liabilities

June 30, 2012

June 30, 2011

Cash and cash equivalents

$ 15,756,637

$ 23,242,302

Accounts payable

$

$

Pledges and other accounts receivable

3,166,463

2,834,700

17,836,576 16,620,885

Split interest agreement obligations

5,581,474

5,897,903

Investments 366,557,508 328,312,929

Bonds and notes payable

29,784,400

30,751,800

Split interest agreement assets

19,133,618

19,498,164

Other liabilities

594,863

443,638

Deposit with trustees - restricted cash

3,547,222

3,198,543

Property and equipment - net

30,520,718

31,312,185

Other assets

3,143,061

3,326,723

Net assets (deficit)

Total assets

$ 456,495,340

$ 425,511,731

Total liabilities

Unrestricted

$ 39,127,200

$ (3,711,995)

$ 39,928,041

$ (3,386,868)

Temporarily restricted 257,626,404 235,049,441 Permanently restricted 163,453,731 153,921,117

Total net assets

Total liabilities and net assets

Note: Additional information is available in the Foundation’s fiscal year 2012 audited financial statements, which are located at: http://www.ohio.edu/finance/controller/annualauditedfinancialstatementsoufoundation.cfm

12 • Ohio University

417,368,140 385,583,690

$ 456,495,340

$ 425,511,731


FINANCIAL POSITION

The restated June 30, 2011 financial statements reflect an adjustment to reclassify an estate gift from an unrestricted contribution to an endowed contribution. Since inception of the gift in 1979, these funds had been treated as a board-designated (quasi) endowment, with certain principal withdrawals occurring periodically over the life of the gift. The error was discovered and corrected by The Foundation during fiscal year 2012. The restatement had no impact on The Foundation’s overall financial position. However, as of June 30, 2011, the adjustment increased permanently restricted net assets by approximately $5.4 million, increased temporarily restricted net assets by approximately $11.6 million, and reduced unrestricted net assets by approximately $17.0 million.

FAST FACT

Honors Tutorial College student Keith Hawkins won a Marshall Scholarship to study at Cambridge.

Foundation Report • 13


STATEMENT OF ACTIVITIES

The Ohio University Foundation and Subsidiaries Summary Statements of Activities for the Fiscal Years Ended June 30, 2012 and 2011

Restated

Revenues and other support Gifts and contributions

2012 $ 20,607,228

University support

2011 $ 27,658,169

5,274,285

4,523,605

Investment income 29,513,192 49,142,904 Revenues from sales, services and events

FAST FACT

There were 3,893 students in OHIO’s 2012-13 freshman class, growing total enrollment to 36,808.

14 • Ohio University

441,712

279,256

Change in value of split interest agreements

(215,914)

476,090

Subsidiary revenues

9,630,053

8,411,374

Other revenues

699,316

638,587

Total revenues

$ 65,949,872

$ 91,129,985


ENDOWMENT PORTFOLIO

Endowment Asset Allocation As of June 30, 2012 Expenses Academic and institutional support

Restated

2012 $ 2,662,683

2011 $

3,294,188

Alumni relations 1,700,118

806,240

Fundraising and development 7,715,663

7,363,127

Fund administration

718,784

687,652

Instruction and research 7,166,333

5,889,632

Intercollegiate athletics

The endowment portfolio is professionally managed, with the long-term objective of producing real growth in excess of the spending policy and inflation. The endowment is broadly diversified into equities, fixed income and alternative investments, including commodities, private equity and hedge funds, with a 75 percent allocation to equity-oriented investments and 25 percent to fixed income-oriented investments. This allocation provides the opportunity for high risk-adjusted returns.

869,873

708,877

Student aid 3,715,891

1,580,812

Subsidiary expenses 8,898,088

8,416,210

Other expenses

717,989

1,604,902

Total expenses 34,165,422

30,351,640

Fixed Income

60,778,345

International Equity

9%

U.S. Equity

Changes in net assets 31,784,450

Net assets - beginning of year 385,583,690 324,805,345

Absolute Return

Net assets - end of year

Real Assets

$ 417,368,140

$ 385,583,690

5%

Asset Class

17%

13%

27%

Private Equity 29%

Foundation Report • 15


ENDOWMENT PERFORMANCE Endowment Performance For periods ended June 30, 2012

Endowment History (in millions) The endowments that support Ohio University have grown by nearly $330 million (almost four fold) in the past 20 years. These endowed funds provide essential support for the University’s academic mission through scholarships for students, support for faculty research and creative activity, and resources for programs, partnerships, technology and facilities. $409.0

$242.8

$145.2

$162.4

$79.9 1992

16 • Ohio University

1997

2002

2007

2012

Five-Year

Three-Year

One-Year

OHIO Return

1.50 % 11.64% -0.18%

NACUBO Return*

1.10 % 10.20% -0.30%

* Represents the average nominal rate of return, as reported in the National Association of College and University Business Officers (NACUBO) Commonfund Study of Endowments.


ENDOWMENT APPROPRIATIONS Endowment appropriations by purpose Made available for the fiscal years ended June 30, 2013, 2012 and 2011 Endowment earnings are authorized for expenditure based on the endowment’s average market value for the trailing 36 months. For fiscal years 2011, 2012 and 2013, the spending rate was 4 percent for endowed accounts whose market value exceeded the historic gift value. Occasionally, due to a downturn in the investment market, an account’s market value may temporarily fall below its historic value. When this occurs, the endowed account is “underwater.” The spending rate for underwater endowments is 1 percent. Academic and institutional support

2013 $ 1,238,522

2012 $ 564,525

FAST FACT

OHIO student-athletes maintain a graduation rate of 94 percent, higher than the Division I institutional average and among the nation’s best.

2011 $ 410,795

Instruction and research 5,684,155 6,210,371 2,785,724 Intercollegiate athletics

53,088

47,843

38,335

Student aid 3,269,711 2,931,212 1,970,107 Other purposes Total endowment appropriations

139,902

$ 10,385,378

198,132

$ 9,952,083

160,003

$ 5,364,964

Note: Includes Ohio University and Ohio University Foundation endowment spending allocations.

Foundation Foundation Report Report •• 17


FISCAL 2012 CAMPAIGN PROGRESS

The Promise Lives Campaign as of June 30, 2012 Ohio University was founded on a promise. Established in 1804 as the first institution of higher learning in Ohio, our founders recognized the importance of education. More than 200 years later, that vision remains strong. In fiscal 2012, Ohio University entered in the final phase of The Promise Lives Campaign. This effort seeks to raise $450 million in support of students, faculty, programs, outreach and select facilities by June 30, 2015. The Campaign is focused on providing key resources to support our priorities of program excellence, increasing access to an Ohio University education, caring for our infrastructure and securing our future as a place of promise for students in generations to come.

$400 million toward our goal of

$450 million

18 • Ohio University

Four transformational gifts were received during the Campaign’s quiet phase: $114 million gift toward the Campaign (total gift amount: $124 million) from Fritz J. and Dolores H. Russ, for student scholarships and leadership; research in transportation infrastructure, energy and the environment, and bioengineering; and faculty support


FISCAL 2012 CAMPAIGN PROGRESS

Fiscal year attainment by donor type as of June 30, 2012 $105 million gift to the Ohio University Heritage College of Osteopathic Medicine from the Osteopathic Heritage Foundation, for an extension campus in central Ohio; student scholarships; expanded diabetes and musculoskeletal/ neurological research; and community health programs

Fiscal year 2012 saw significant progress toward the Campaign’s $450 million goal. This attainment included significant growth of the historic Russ Estate gift supporting the Fritz J. and Dolores H. Russ College of Engineering and Technology.

$41 million commitment by Violet L. Patton, a 1938 College of Education alumna and a 2011 Doctor of Humane Letters, to name The Gladys W. and David H. Patton College of Education and to establish the Violet L. Patton Center for Arts Education. Her gift also will support the college’s students, faculty, programs and facilities $15 million gift from the Scripps Howard Foundation for the Scripps College of Communication to support student scholarships, faculty and programs Each day, the promise of Ohio University gathers new strength. Donors have added their strength to our promise by investing in a vision that began in 1804.

The promise lives in you.

Donor Type

Attainment

Alumni

$ 41,744,191.13

Other Individuals

$ 2,947,650.53

Corporations

$ 1,373,356.78

Foundations

$ 1,464,091.08

Other Organizations

$ 8,695,574.66

Total

$ 56,224,864.18

Foundation Report • 19


FISCAL 2012 CAMPAIGN PROGRESS

Fiscal year attainment by designation purpose as of June 30, 2012

Fiscal year attainment by restriction as of June 30, 2012

The lion’s share of the Campaign gifts in fiscal 2012 were in support of OHIO’s academic units—the campuses, colleges, schools, and departments. Significant support for scholarships and for our faculty also was received.

A primary goal of The Promise Lives Campaign is the growth of the University’s endowment. Fiscal 2012 saw significant contributions to the endowment as well as to the University’s current operations.

Purpose Attainment Academic Divisions $ 40,255,458.27 Athletics

$

Faculty and Staff

$ 2,230,013.55

925,057.57

Library

$

Other Restricted

$ 2,899,184.90

Physical Plant

$

Property

$ 1,485,390.74

Public Service

$

134,208.00

Restriction

Research

$

471,841.08

Capital

383,844.59 23,603.00 Attainment $ 1,497,475.74

Student Aid

$ 7,060,891.58

Current Operations $ 17,096,897.07

Unrestricted

$

Endowment

20 • Ohio University

355,370.90

$ 37,630,491.37


CAMPAIGN PROGRESS

Total Campaign attainment by year Fiscal 2008-2012 Select gifts received prior to July 1, 2007, are included in The Promise Lives Campaign. These include transformational gifts from the Osteopathic Heritage Foundations, which named the Heritage Clinical Training and Assessment Center and Community Clinic as well from the Scripps Howard Foundation, which named the Scripps College of Communication.

Total Campaign attainment by year, minus four transformational gifts Pre-2008 $15,250,000.00 2008 $30,455,144.87 Fiscal 2008-2012 2009 $21,457,364.26 2010 $11,978,706.95 2011 $26,106,810.82 Annual Campaign progress is strong, even when removing four transformational 2012 $26,816,524.18 gifts: $114 million toward the Campaign (total gift: $124 million) from Fritz J. and Dolores H. Russ; $105 million to OU-HCOM from the Osteopathic Heritage Foundation; $41 million from Violet L. Patton to name The Gladys W. and David H. Patton College of Education and to establish the Violet L. Patton Center for Arts Education; and $15 million from the Scripps Howard Foundation for the Scripps College of Communication.

Year

Attainment

Pre-2008 $25,250,000.00

Pre-2008

$15,250,000.00

2008 $88,651,696.92

2008

$30,455,144.87

2009 $46,665,052.81

2009

$21,457,364.26

2010 $53,405,245.51

2010

$11,978,706.95

2011 $131,132,201.91 2012 $56,224,864.18 pre08 08

2011

$26,106,810.82

Year

Attainment

09

10

11

12

2012 $26,816,524.18

pre08 08

09

10

11

12

Foundation Report • 21


CAMPAIGN PROGRESS

Total Campaign attainment by designation purpose Fiscal 2008-2012

Total Campaign attainment by donor type Fiscal 2008-2012

Support for Ohio University’s academic mission as been strong during The Promise Lives Campaign. More than $171 million has been committed in support of the University’s campuses, colleges, centers, schools, and departments.

Ohio University alumni remain the single largest source of private gifts to The Ohio University Foundation. With nearly $216 million committed during The Promise Lives Campaign alone, OHIO alumni demonstrate their commitment to alma mater every day. Gifts from foundations, corporations, other organizations, and from our friends also have a tremendous influence on the future of Ohio University.

Purpose

Attainment

Academic Divisions

$171,404,758.53

Athletics

$4,722,072.69

Faculty and Staff

$61,235,349.43

Library

$2,550,437.93

Other Restricted

$30,695,514.44

Physical Plant

$4,309,391.52

Donor Type

Property

$72,454,691.52

Alumni

Public Service

$2,618,636.56

Other Individuals

$16,643,541.24

Research

$2,908,894.31

Corporations

$7,504,884.15

Student Aid

$44,757,638.55

Foundations

$147,691,238.13

Unrestricted

$3,671,675.85

Other Organizations $13,562,300.60

22 • Ohio University

Attainment $215,927,097.21


Total Campaign attainment by restriction Fiscal 2008-2012 OHIO’s endowment has grown to more than $400 million. Gifts to The Promise Lives Campaign have played a tremendous role in this endowment growth.

Restriction

Attainment

Capital

$72,482,886.52

Current Operations

$144,574,026.47

Endowment

$184,272,148.34

FAST FACT

The College of FIne Arts hosts more than 150 different arts events each year. These include performances, films, exhibitions, and other special events.

Foundation Report • 23


CAMPAIGN STEERING COMMITTEE Charles “Chuck” Stuckey Jr., BSME ’66, Chair Carlisle, Mass. David A. Wolfort, AB ’74 Vice-Chair Bedford Heights, Ohio Laura Brege, BBA ’78, AB ’78 San Francisco, Calif. C. Daniel “Dan” Delawder, BSED ’71 Newark, Ohio Frank Krasovec, BBA ’65, MBA ’66 Austin, Tx.

FAST FACT

During the 2011-2012 academic year, OHIO comprised 870 full-time faculty: 748 on the Athens Campus, and 122 on the regional campuses.

24 • Ohio University

Sheila Rowan McHale, AB ’68 Bonita Springs, Fla.

Steven Schoonover, BFA ’67 Shreveport, La. Dr. Jeffrey Allan Stanley, DO ’82 Solon, Ohio Barbara Strom Thompson, AB ’76 Bethesda, Md. Robert “Bob” Walter, BSME ’67 Columbus, Ohio


FOUNDATION BOARD OF TRUSTEES Laura A. Brege ’78; Chair San Francisco, Calif.

George A. Carroll Jr. ’69 St. Clairsville, Ohio

Roderick J. McDavis ’70 Athens, Ohio

Dr. Jeffrey A. Stanley ’82 Solon, Ohio

J. Patrick Campbell ’71; Vice Chair Potomac, Md.

Norman E. “Ned” Dewire ’58 Powell, Ohio

Lawrence E. McHale Cleveland, Ohio

Frank B. Stevens ’74 Santa Ana, Calf.

Perry A. Sook ’80; Vice Chair Southlake, Tx.

Alex J. Garcia, Jr. ’69 Highland Heights, Ohio

Gary G. Nakamoto ’88 Great Falls, Va.

Peggy Viehweger ’71 Chicago, Ill.

Steven L. Schoonover ’67; Secretary Shreveport, La.

Joseph Hamrock Gahanna, Ohio

William T. Newman, Jr. ’72 Arlington, Va.

Ty Votaw ’84 Ponte Vedra, Fla.

J. Bryan Benchoff; President & CEO Athens, Ohio

James D. Edwards ’70 Westerville, Ohio

Charles L. Patton, Jr. ’72 Cleveland, Ohio

Byron L. Ward, ’89 Somerset, N.J.

Stephen Golding; Treasurer & CFO Athens, Ohio

Beverly E. Jones ’69 ’75 Washington, DC

David W. Pidwell ’69 ’70 Saratoga, Calif.

Thomas B. Weihe ’61 Dublin, Ohio

Patricia (Pat) A. Ackerman ’66 Richmond Heights, Ohio

Wilfred R. Konneker ’43 St. Louis, Mo.

I. Robert Rudy ’74 Oakland, M.D.

E. John Wolfzorn Charleston, S.C.

Susan J. Ackerman ’73 Sarasota, Fla.

Thomas Kostohryz ’72 ’74 ’77 Athens, Ohio

Raymond E. Schilderink ’72 Cincinnati, Ohio

To view a listing of Campaign donor’s of $10,000 or more, visit here.

Charles W. Beck, Jr. ’62 Los Angeles, Calif.

Dr. KB Lake ’92 Columbus, Ohio

Dave Scholl ’81 Athens, Ohio

R. Emmett Boyle ’70 St. Clairsville, Ohio

Julie Mann ’02 Charlotte, N.C.

Janice (Jan) L. Scites ’71 Basking Ridge, N.J.

Foundation Report • 25


With a more than 208 year-old legacy as Ohio’s first university, we are poised to provide the nation’s best transformative learning experience for our students. Simply put, The Promise Lives Campaign seeks to secure Ohio University’s place among the nation’s most prominent universities. ~ Ohio University’s 20th President Dr. Roderick J. McDavis

26 • Ohio University


Colophon Jennifer Bowie Colleen Carow Sarah McDowell Joe Pauwels Kelee Riesbeck Ben Siegel Sydney Weber

Foundation Report • 27


28 • Ohio University

McGuffey Hall • Athens, Ohio 45701 T: 740.593.2636 • F: 740.593.1432 • giving@ohio.edu

The Ohio University Foundation 2012 Report  
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