Annual Report 2017

THANKS

PRESIDENT’S MESSAGE

P

erhaps you have heard this analogy: An effective

organization has the ability to change its tires while the car is moving! And then, there is the matter of keeping the car moving in the right direction at the right speed.

Innovation and stability.

They weave together through this vehicle we call Olivet Nazarene University. You can find evidence of a beautiful tapestry at every turn around campus, and wherever the ONU footprint extends.

A highlight of 2017 is our achievement of Olivet’s highest ever enrollment — the result of your prayers and gifts that help us attract and retain more

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students. That translates into more transformational moments, which leads to more worldchanging graduates. You go with them!

Still, the heart of your Olivet remains unchanged. Even in the midst of higher education’s shifting landscape, our missional purpose, “Education with a Christian Purpose,” anchors us now and for the road ahead.

Thank you for your meaningful investments in lives!

In Him,

John C. Bowling University President

CONTENTS 2 President’s Message

6 Impact of Your Gift: One Student’s Story

10 Financial Overview

12 Joy of Giving: One Donor’s Story

3 Thanks to YOU …

8 Olivet’s Core Mission

11 ONU Foundation

14 A Hope-Filled Future

ANNUAL REPORT 2017

THANKS TOYOU… Your generosity in 2017 bridged the gap between the cost of an Olivet education and a student’s ability to pay. You are the difference!

SCHOLARSHIPS AWARDED $57,354,250 TOTAL July 1, 2016–June 30, 2017

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Scholarships represent a significant portion of the financial aid awarded by the University to 99% of students in fiscal year 2017.

226

559

840

MUSIC SCHOLARSHIPS

ACADEMIC SCHOLARSHIPS

FOUNDATION SCHOLARSHIPS

undergraduates received

student athletes received

students received ONU

CONTINUED >

OLIVET NAZARENE UNIVERSITY

THANKS TOYOU… CONTINUED

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undergraduates received need-based

GRANTS

ANNUAL REPORT 2017

FRESHMEN received academic and need-based grants Pictured above: The Class of 2021

2,UNDER939 GRADUATES received Olivet assistance

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ENGINEERING STUDENTS received Olivet assistance

BUSINESS STUDENTS received Olivet assistance

NURSING MAJORS received Olivet assistance

OLIVET NAZARENE UNIVERSITY

A CARING, CHRISTIAN COMMUNITY: On each step of Brenda Brown’s life journey, God has provided for her in amazing ways. From her birthplace in Liberia to her childhood home in The Gambia to Georgia to Minnesota to Olivet Nazarene University, Brenda has experienced countless blessings.

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“God delivered my family, physically unharmed, from the Liberian civil war in 1996,” she says. “We were alive, but we had to walk away from everything we owned.”

Even when her family was living in The Gambia, a 90 percent Muslim country in Africa, they held worship services and Bible studies in their home. They also shared the gospel in nearby villages and towns — returning even after authorities had chased them away.

Wanting to nurture the seeds of faith that her parents had planted in her life, Brenda was seeking higher education with a consistent, pervasive focus on Christ. That’s what she found the first time she visited Olivet.

As a transfer student at Olivet, Brenda also found an outstanding nursing program with a Christian purpose. She is learning the importance of compassion in providing patient-

ANNUAL REPORT 2017

centered care for body, mind and soul. After losing her father to diabetes, she is even more convinced about the need for compassion in caregiving.

“Olivet has taught me that nursing is about talking to a patient about God, holding a hand, saying a prayer,” she says. “Nursing is not about financial gain.

It’s about the care and compassion that nurses share with our patients.

Caring for my father during his illness and now volunteering at a home for the elderly have convinced me that I am called to be a nurse.”

During her time at Olivet, living away from her family has been a challenge.

Nursing students and professors are there for her, supporting and

encouraging her every step of the way. She especially appreciates the strategies for success and dealing with stress that Professor Mary Nehls has shared with her.

“There are a lot of ups and downs as a nursing student,” Brenda says. “Professor Nehls is always willing to sit and listen to me, and pray with me. At Olivet, I’m learning how to be part of a caring, Christian community.”

One of Brenda’s ongoing challenges is financing her education.

At times, she has wondered how her bills will get paid. But God’s faithfulness continues to see her through. “Receiving scholarships from Olivet has encouraged me in my education,” she says. “With the help of generous donors, I am able to focus more on my grades and less on financial issues.”

Looking forward to her graduation from Olivet’s nursing program with her Bachelor of Science in Nursing (B.S.N.) degree in May 2018, Brenda says: “I know I’ll want to come back and visit this community. Olivet will always be a part of me, and I’ll always be a part of Olivet.”

NICK RASMUSSEN

ONE STUDENT’S STORY

Brenda Brown ’18, nursing education

OLIVET NAZARENE UNIVERSITY

OLIVET’S CORE MISSION WE BELIEVE HIGHER EDUCATION SHOULD HAVE A HIGHER PURPOSE Every student’s Olivet journey is unique. Family interests, career

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aspirations and, of course, finances influence each prayer and dream.

However, your generosity is the common denominator.

Your Friends of Olivet Annual Giving participation bridges the tuition gap — the actual cost of Christian higher education and a student’s ability to pay.

Thank you for finding your place in a student’s journey!

FAITHFUL FRIENDS

HOW YOU SUSTAIN OLIVET’S MISSION FOR STUDENTS EVERY YEAR YOUR SUPPORT

ENABLES OLIVET TO REACH OUT TO SCHOOLS, CHURCHES AND 130,000 PROSPECTIVE STUDENTS

YOUR PRAYERS INSPIRE STUDENTS TO APPLY

though “weEven did not

attend ONU, we believe in the importance of a Christian-based education.

What better options than to support our church and help young people! It’s such a good feeling when you know your money won’t be squandered — when it’s supporting causes dear to you.

”

— George and Linda Chadderdon

YOU EMPOWER ONU TO OFFER NEED-BASED GRANTS FOR FAMILIES WHO FALL SHORT IN ABILITY TO PAY TUITION

YOUR REFERRALS INITIATE CONVERSATIONS AND CAMPUS VISITS

YOUR GIFTS ENABLE ONU TO ACCEPT 3,000 NEW AND TRANSFER STUDENTS

YOU MAKE IT POSSIBLE FOR STUDENTS TO ENROLL, GRADUATE AND CHANGE THE WORLD!

Your continuing gifts provide hope to even more students year after year.

ANNUAL REPORT 2017

W

e are grateful for the commitment of those who serve on the Board of Trustees, the Foundation Board and the Alumni Board. Their prayerful governance — along with the exemplary leadership of our administrative team — guides the University with integrity.

OLIVET NAZARENE UNIVERSITY

BOARD OF TRUSTEES Dr. John C. Bowling University President Dr. David Roland Chairman Dr. Ronald Blake Vice Chairman Dr. Mark L. Hostetler Secretary Mr. Dan Agan Mr. David Anderson Rev. Jim Ballenger Rev. David Bartley Mr. Mark Bennett Dr. Cheri Betz Mr. Steve Boggs Dr. Steven Bohall Mrs. Karen Bontrager Mr. Ralph Bright Rev. Lloyd Brock Rev. Ken Bushey Rev. Bill Clark Rev. Tim Crump Dr. Mark Davisson Mr. Lance Delbridge Rev. Chris DeMott Mrs. Darcy Dill Mrs. Shelley Doering Rev. Kevin Donley Rev. Shawn Evans Dr. Mark Fleschner Rev. Jim Frye

Dr. W. Glen Gardner Dr. Keith E. Grove Mr. Fred Hardy Mr. Dale Hawkins Rev. Will Haworth Dr. Gary Henecke Mrs. Cheryl Ice Mr. Douglas Jones Dr. James Kraemer Rev. Linda Loudermilk Mrs. Cyndi McDonald Dr. Larry McKain Rev. Randy Owens Mr. Jerry Polmounter Rev. Michael Postell Rev. Rob Prince Mrs. Jill Rice Mr. Ken Roat Rev. Brian Rogers Rev. Philip Rogers Mr. Galen Scammahorn Mrs. Cheryl Seymour Rev. Larry Sheets Mrs. Cheryl Sherwood Dr. Scott Sherwood Mr. Eric Smith Rev. Timothy Smith Mr. Dan Taylor Rev. Lisa Ulrich Rev. Ben Walls Rev. Brian Wangler Rev. Daniel Wine

OLIVET NAZARENE UNIVERSITY

FOUNDATION BOARD Dr. John C. Bowling University President Rev. John Mongerson Director of the Foundation Mr. Mel Sayes Chairman Dr. Dan Rexroth Vice Chairman Mr. David Miller Secretary Dr. Jeriel Beard Mrs. Joyce Burggraf Mr. Donald Dreisbach Mr. Richard Dykhouse Sr.

Mr. Harvey Gifford Mr. Barry Huebner Mr. Julian Jarvis Mr. George Kalemkarian Dr. Sam Mayhugh Rev. David McCool Mr. Richard McHie Mrs. Phyllis McSwain Dr. R. Mark Phillips Mr. Chris Shride Dr. William Slattery III Ex-Officio Members Dr. David Roland Dr. Brian Allen Dr. Douglas E. Perry

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OLIVET NAZARENE UNIVERSITY

ALUMNI BOARD Dr. John C. Bowling ’71 University President Dr. Brian Allen ’82 Vice President for Institutional Advancement Mr. Erinn Proehl ’13 Director of Alumni Relations Mr. Dan Taylor ’79 Alumni Association President Mrs. Lisa Garvin ’90 Alumni Association Vice President Dr. Selden D. Kelley ’46 President Emeritus

Mr. Doug Bricker ‘81 Mr. Mark Brown ‘85 Mrs. Naomi Colon ‘88 Dr. Quen Dickey ’81 Dr. Anthony Hoovler ’88 Mrs. Jana McKinley ’85 Mr. Leon Moore ‘72 Mrs. Lindsay Peachey ‘84 Mrs. Beth Pennington ’75 Mr. Steve Shaffer ‘77 Mrs. Mary Shoff ’74 Mrs. Maria Slibeck ‘97 Mr. Jeff Tripp ’85 Mr. Ryan Walker ’06 Mr. Jeff Williams ‘01 Mr. Ted Wozniak ’80

Mr. Tim Alderson ’75 Secretary/Historian Mrs. Karen Bontrager ’86 Trustee Lay Representative Dr. Gary Henecke ’68 Trustee Elder Representative

OLIVET NAZARENE UNIVERSITY

FINANCIAL OVERVIEW UNIVERSITY BUDGET SUMMARY July 1, 2016–June 30, 2017

REVENUE

Tuition and Fees . . . . . . . . . . . .

Gifts and Grants . . . . . . . . . . . .

Room and Board . . . . . . . . . . . .

Miscellaneous . . . . . . . . . . . . . .

Auxiliary . . . . . . . . . . . . . . . . . . .

$ 118,594,437 77.3% 13,142,591 8.6% 18,423,748 12.0% 1,923,413 1.2% 1,319,773 0.9% _____________ ________

Total . . . $ 153,403,962

100.0%

EXPENSES

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Instruction . . . . . . . . . . . . . . . . . $ 34,969,410 23.4% Scholarships . . . . . . . . . . . . . . . 56,202,193 37.6% Student Services . . . . . . . . . . . . 17,904,939 12.0% Institutional Support . . . . . . . . . 15,070,685 10.0% Operation and Maintenance . . . 9,733,414 6.5% Auxiliary . . . . . . . . . . . . . . . . . . . 10,916,296 7.3% Debt Reduction . . . . . . . . . . . . . 4,792,218 3.2% _____________ ________ Total . . . $ 149,589,155

100.0%

NET REVENUE BALANCE: $3,814,807

COMBINED GIFT REVENUE UNIVERSITY AND ONU FOUNDATION July 1, 2016–June 30, 2017 (both restricted and unrestricted)

Trustees, Foundation Board, Faculty and Staff. . . . . . . . . . . . $ 2,200,646 12.7% Alumni (General Sources). . . . . . . . 4,358,798 25.2% Parents. . . . . . . . . . . . . . . . . . . . . . 998,476 5.8% Friends . . . . . . . . . . . . . . . . . . . . . . 1,788,338 10.3% Churches and Religious Organizations. . . . . . 2,243,968 13.0% Corporations (Matching Funds) . . . . . . . . . . . 206,010 1.2% Corporations and Businesses. . . . 1,469,458 8.5% Foundations. . . . . . . . . . . . . . . . . . 3,277,548 19.0% Bequests. . . . . . . . . . . . . . . . . . . . . 747,958 4.3% ____________ ________ Total . . . $ 17,291,200

100.0%

Olivet designates approximately 90 percent of all revenue received toward: • Instruction • Institutional Support • Scholarships • Operations/ • Student Services Maintenance ANNUAL REPORT 2017

Olivet Nazarene University is a 501(c)(3) public charity. The University’s Form 990 is available upon request through the Office of Finance.

THE ONU FOUNDATION NEW ENDOWMENTS established

Abraham Scholarship in honor of Dr. John Hanson

by Kuzhikalail M. Abraham and Deborah V. Abraham

Anderson, W.E. & Donna K. Scholarship

by Andy and Donna Anderson

Ball Family Scholarship

by Kenneth A. and Joyce E. Ball

Rosemary Bower Teaching Scholarship

The Olivet Nazarene University Foundation was founded in 1969

to secure, manage and distribute funds that assist ONU students.

Your investments from endowed gifts — and funds from other planned giving instruments — advance Olivet’s mission today and will benefit future generations of world‑changers.

We express our appreciation to those who take advantage of the following options: • Gifts of cash, property, stock or other securities • Gifts in memory or honor of a loved one • Gift Annuities, Bequests, Life Insurance and other retirement assets Every endowed gift is directed by a Gift Agreement between the University and you, the investor.

During fiscal year 2017, more than $1.2 million was awarded to 791 students, averaging $1,634 per student. Average GPA of the recipients was 3.37.

by Ray Bower

Class of 1967 Scholarship Class of 1972 Scholarship Class of 1977 Scholarship Class of 1986 Scholarship The Richard V. Collings Scholarship Donald and Carol Dreisbach Scholarship

by Donald and Carol Dreisbach

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Timothy & Jennifer Hanke Scholarship

by Timothy and Jennifer Hanke

Deborah E. Pester Harris Scholarship

by John and Marsha Pester

Ed Heck Scholarship

by Kathleen Heck

Craighton T. and Linda G. Hippenhammer Faculty Scholarship Grant

by Craighton and Linda Hippenhammer

Nathan D. & Georgia I. Merki Scholarship

by Nathan and Georgia Merki

Enoch L. & Mary Alice Nunnery Scholarship

by Mark Nunnery

Pence-Boyce Summer Research Program Student Managed Investment Fund

Fiscal Year 2017 ONU

Foundation

Gifts: $2,146,578

Fiscal Year 2017 ONU

Foundation

Assets: $44,062,206

OLIVET NAZARENE UNIVERSITY

GIVING TO THE FUTURE: ONE DONOR’S STORY Every facet of my academic, spiritual and social training at Olivet prepared me for success,” says Melissa (Johnston) Guerdan ’97. Now, Melissa and her husband, Chris, are finding more ways to help prepare Olivet Nazarene University students for making a difference in the world.

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Olivet’s commitment to excellence in academics and music was what initially convinced Melissa to enroll as a piano performance major in 1992. Soon, she discovered the joy of biology and life sciences, and expanded her coursework to incorporate these fields of study.

She still credits her music, psychology and biology professors for making a profound difference in her life and her career path. Dr. Ray Bower (Department of Behavioral Sciences) and his behavior modification laboratory.

Dr. Harlow Hopkins (School of Music) and his musical creativity. Dr. Randy Johnson (Department of Biological Sciences) and his insistence on using scientific data appropriately.

Completing an internship at CSL Behring (formerly Armour Pharmaceuticals) in

ANNUAL REPORT 2017

Kankakee, Illinois, during her senior year redirected and focused her career plans. She accepted a full-time position and was there for five years.

From CSL Behring, Melissa worked in global management positions with some of the world’s top pharmaceutical and medical device companies: Pfizer, Baxter, Covidien, Alere. Her M.B.A. from DePaul University shifted her career from a technical focus to an executive leadership focus.

“I know from personal experience that the education and training students receive at Olivet is well-calibrated to the world’s most prestigious universities,” Melissa says. “In my career, I have

worked alongside professional colleagues who graduated from these universities.”

While at Covidien in St. Louis, Missouri, Melissa met and married Chris Guerdan. Through the years of their marriage, he has also become a strong supporter of Olivet and its mission.

“Our first major investment at Olivet was actually Chris’s idea,” Melissa says. “With expert guidance from Olivet’s planned giving staff, we established an endowed scholarship for students in the School of Theology and Christian Ministry. My father was a second career and second generation Nazarene pastor. The scholarship is in honor of my mother and him.”

As the Guerdans investigate more ways to invest in Olivet’s mission, they want to make sure the University has the funds to provide students and faculty with the tools they need to be maximally effective in classroom and laboratory settings. As Melissa says, “By investing in Olivet, we are investing in people who are going to make a difference in our world.”

She adds: “Our purpose in this life is so much more than financial success or status. I’ve experienced that. Chris and I live our life in Christ. Our prayer and desire is that Olivet students and alumni excel in their chosen disciplines while remaining true to Christ and centered in Him.”

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NICK RASMUSSEN

Melissa (Johnston) ’97 and Chris Guerdan

OLIVET NAZARENE UNIVERSITY

HIGHER EDUCATION. HIGHER PURPOSE.

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“ We seek the strongest scholarship and

the deepest piety, knowing that they are thoroughly compatible (and) … a Christian environment … where not only knowledge but character is sought.” (from the Olivet Catalog of 1915)

ANNUAL REPORT 2017

Scholarship and piety. Yes, God is still at work in Olivet’s instruction, discipleship and activities throughout the University! Thank you for joining us in the belief that higher education should have a higher purpose.

MAKING TRANSFORMATION POSSIBLE Personal Development You help deserving Olivet students to become their best selves. Your support for scholarships, spiritual life programs and campus improvements makes the difference.

Professional Readiness You ensure excellence for students with a desire to lead. Your support equips them in more than 110 fields of study — from the mission field to the medical field.

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Preparation for Lives of Service You inspire students to live out their faith holistically for God and others. Your support develops servant hearts through career guidance, service learning projects and internships.

THE JOY OF GIVING Mike and Nancy Pyle were Olivet parents first. They loved what they saw through their children’s eyes and eventually joined the faculty!

Today, they look to the future, too.

“We committed to an estate plan, we’ve worked our plan and we believe in the plan,” says Mike. “There is real joy in knowing it will reap the most important dividend: lives changed for Christ and lived for His Kingdom.”

The Pyles are securing an Olivet legacy through their service now and through their estate. They encourage you to explore peace-of-mind benefits through: • A gift in your Will • A Living Trust or “Give-it-Twice” Trust • Other tax- and family-friendly plans OLIVET NAZARENE UNIVERSITY

OFFICE OF DEVELOPMENT ONE UNIVERSITY AVENUE BOURBONNAIS, IL 60914

815-939-5171 DEVELOPMENT@OLIVET.EDU OLIVET.EDU