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THANKS ANNUAL REPORT

2016


PRESIDENT’S MESSAGE

Looking back. Looking ahead. Perhaps, like me, you take these natural actions when the calendar turns. The 2016 Annual Report assists you in both regarding your partnership with Olivet Nazarene University.    We thank God and extend our sincere gratitude to you for the blessing of our look at 2016! A nourishing spiritual environment, rigorous academic programs and vibrant community life paint the picture of a transformational experience for students.    And, together, we move forward in faith! While Olivet has more than 110 years of history, we cannot — must not — rest comfortably. The future world-changers we are privileged to serve deserve cuttingedge vision to equip them.

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   Our commitment expressed in the 1915 Olivet Nazarene University catalog remains intact: “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.”    Rest assured that all of us — administration, faculty, staff and board members — cherish and protect your stewardship. Thank you! For the students,

John C. Bowling University President

CONTENTS 2 President’s Message

6 Impact of Your Gift: One Student’s Story

10 Financial Overview

3 Thanks to YOU …

8 Olivet’s Core Mission

12 Joy of Giving: One Donor’s Story

ANNUAL REPORT 2016

14 A Hope-Filled Future


THANKS TOYOU… Thanks to your generous support in 2016, you made Olivet a reality for thousands of students this school year.

SCHOLARSHIPS AWARDED $54,825,271 TOTAL July 1, 2015–June 30, 2016

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Scholarships represent a significant portion of the financial aid awarded by the University to 99% of students in fiscal year 2016.

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556

MUSIC SCHOLARSHIPS

ACADEMIC SCHOLARSHIPS

undergraduates received

student-athletes received

students received ONU

FOUNDATION SCHOLARSHIPS CONTINUED >

OLIVET NAZARENE UNIVERSITY


THANKS TOYOU… CONTINUED

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1,215

undergraduates received need-based

GRANTS

ANNUAL REPORT 2016

FRESHMEN received academic and need-based grants Pictured above: The Class of 2020

2,UNDER938 GRADUATES received Olivet assistance


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282 ENGINEERING STUDENTS received Olivet assistance

415 BUSINESS

369 NURSING

received Olivet assistance

received Olivet assistance

STUDENTS

MAJORS

OLIVET NAZARENE UNIVERSITY


IMPACT OFYOUR GIFT: ONE STUDENT’S STORY In college, it’s hard to grow in your beliefs and grow into yourself if you’re not working on your spiritual self as well as your intellectual self. Because of your assistance, my peers and I can expand our knowledge without sacrificing our beliefs. We wouldn’t have that opportunity without your gifts. 6

   Olivet freshman Ashley O’Connell appreciates opportunity more than most 19-year-olds. Before she reached her teens, she survived cancer and a parent’s death. Today, she’s grateful to be healthy and attending a university that fosters the spiritual and intellectual growth that’s so important to her.    “For a while, I was really confused and didn’t know what I wanted for my future,” Ashley recalls. “In 2006, when I was nine, my dad died in a motorcycle accident. Three years later, I was diagnosed with Hodgkin’s Lymphoma, a cancer that attacks the lymphatic system.”    “I had surgery to remove a lymph node, then I had chemotherapy,” Ashley explains in a simplified summary of her harrowing journey. She now considers those eight months of

ANNUAL REPORT 2016

chemotherapy a blessing. “Even if it wasn’t what I wanted, I learned a lot from it. You come to recognize faces after so long. You get to learn about the people next to you – the other patients. It was a special experience.”    So special that Ashley came to Olivet to begin studying medicine, aiming to learn how to help others with serious health challenges.    “I thought I wanted to major in business, mostly because my mom was hoping I would,” Ashley says. “But I had no career aspirations in business, and I really felt led into nursing. One reason I wanted to be at Olivet was because the nursing program is so prestigious. I just feel that’s where I need to be.”    On campus, Ashley lives on Parrott 2, among a number of nursing majors who inspire her. She now has this vision for her future:

“After I graduate, I’m hoping to work as a nurse for a while, find a specialty I enjoy and then go farther in that field — maybe oncology, because my experience could help me treat others. Eventually, I want to be a nurse practitioner or a doctor.”    Ashley recalls that she didn’t even consider Olivet until she visited campus as a high school senior. She says:    “It was like I was meant to be here. It was awesome. What drew me in initially was the beautiful campus. But it was the Christian culture and the community and Olivet’s reputation that really made me want to pursue an education here.    “But I definitely would not be able to attend Olivet without the scholarships and needbased grants I receive. In fact, I have relatives who wanted to go to school here, but they couldn’t because it was too expensive. That makes my experience that much more rewarding. It isn’t just for me, it’s an accomplishment for my family, too.    “Olivet sets the standard for an environment that fosters education, spirituality and well-being. It’s a place where you work your hardest and you dedicate yourself more. Honestly, it is amazing. I couldn’t ask for a better college experience.    “I think all of the students are equally appreciative. Our education is too important to be settling for something less.”


J O E M A N TA R I A N

Ashley O’Connell ’20

OLIVET NAZARENE UNIVERSITY


OLIVET’S CORE MISSION YOUR PLACE IN A STUDENT’S JOURNEY 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 SHARE WHY THEY GIVE BACK:

Our love for Olivet was fostered by spiritual “growth, the lifetime friends we made, and godly professors that gave us personal attention. ONU gave us a foundation for building a career and raising our family with a faith grounded in Christian principles.

— Rod ’72 and Cindy (Dafoe) ’72 Bushey

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

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 2016


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 Rev. Jim Ballenger Rev. David Bartley Mr. Mark Bennett Dr. Ronald Blake Mr. Steve Boggs Dr. Steven Bohall Mrs. Karen Bontrager Mr. Ralph Bright Rev. Lloyd Brock Rev. Gary Cable Rev. Bill Clark Mr. Lance Delbridge Rev. Chris DeMott Mrs. Darcy Dill 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. Ed Heck Dr. Gary Henecke Mr. Douglas Jones Dr. James Kraemer Mr. Michael Lingle Rev. Linda Loudermilk Rev. Jack McCormick Mrs. Cyndi McDonald Dr. Larry McKain Mr. Stu Meissner, Jr. Rev. Randy Owens Rev. Garry Pate Mr. Mark Pennington Mr. Jerry Polmounter Rev. Michael Postell Rev. Rob Prince Mrs. Jill Rice Mr. Ken Roat Rev. Philip Rogers Mr. Galen Scammahorn Mrs. Cheryl Seymour Mrs. Cheryl Sherwood Rev. Scott Sherwood Mr. William Shotts Mr. Eric Smith Rev. Timothy Smith Rev. Trevor Stanley Rev. Lisa Ulrich Rev. Ben Walls Mr. Dennis Williamson 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. Harv Gifford

Mr. Julian Jarvis Mr. George Kalemkarian Dr. Sam Mayhugh Rev. David McCool Mr. Richard McHie Mrs. Phyllis McSwain Dr. R. Mark Phillips Ex-Officio Members Dr. John C. Bowling Dr. David Roland Dr. Ronald Blake Dr. Mark Hostetler Dr. Brian Allen Dr. Carol Maxson Dr. Douglas E. Perry Dr. Ryan Spittal Dr. Walter W. Webb

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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 Acting Director of Alumni Relations Mr. Dennis Williamson ’75 Alumni Association President Mr. Dan Taylor ’79 Alumni Association Vice President Dr. Selden D. Kelley ’46 President Emeritus Mr. Tim Alderson ’75 Secretary/Historian Mrs. Karen Bontrager ’86 Trustee Lay Representative Dr. Gary Henecke ’68 Trustee Elder Representative

Dr. Russ Bredholt Jr. ’71 Mr. Doug Bricker ’81 Mr. Mark Brown ’85 Mrs. Naomi Colon ’88 Dr. Quen Dickey ’81 Mrs. Lisa Garvin ’90 Mr. Doug Hanner ’92 Mr. Andrew Hardie ’04 Mr. Anthony Hoovler ’88 Mrs. Jana McKinley ’85 Mr. Leon Moore ’72 Mr. Gerald Oliver ’76 Mrs. Lindsay Peachey ’84 Mrs. Beth Pennington ’75 Mr. Steve Shaffer ’77 Mrs. Mary Shoff ’74 Mrs. Maria Slibeck ’97 Mr. Robert Sloan ’68 Mr. Jeff Tripp ’85 Mr. Ryan Walker ’06 Mr. Jeff Williams ’01 Mr. Ted Wozniak ’80

OLIVET NAZARENE UNIVERSITY


YOUR GENEROSITY

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COMBINED GIFT REVENUE

University and ONU Foundation  |  July 1, 2015 – June 30, 2016  |  (both restricted and unrestricted) Trustees, Foundation Board,    Faculty and Staff. . . . . . . . . . . . $ 834,064 7.59% Alumni (General Sources). . . . . . . . 1,225,469 11.16% Parents. . . . . . . . . . . . . . . . . . . . . . 418,763 3.81% Friends . . . . . . . . . . . . . . . . . . . . . . 1,751,716 15.95% Churches and    Religious Organizations. . . . . . 2,189,473 19.93% Corporations (Matching Funds). . . 205,486 1.87% Corporations and Businesses. . . . 1,554,864 14.15% Foundations. . . . . . . . . . . . . . . . . . 2,109,013 19.20% Bequests. . . . . . . . . . . . . . . . . . . . . 609,944 5.55% Other. . . . . . . . . . . . . . . . . . . . . . . . 85,841 0.78% ____________ ________ Total . . . $ 10,984,634 100.00%

Olivet designates more than 90 percent of all revenue received toward: • Instruction • Scholarships • Student Services

ANNUAL REPORT 2016

• Institutional Support • Operations/ Maintenance

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 recently established

Greg and Karen Bontrager Scholarship by Greg and Karen Bontrager

Media Catalyst Scholarship

by the Theatre Program in the Communication Department

Gerald M. and Faye Collins Scholarship by David and Susan Wilson

The Olivet Nazarene University Foundation serves as a conduit of resources to ONU students. Endowed gifts and funds from other planned giving instruments are carefully invested to advance Olivet’s mission today — and to benefit future generations.

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 2016, more than $1.2 million was awarded to 873 students averaging $1,458 per student. Average GPA of the recipients was 3.36.

Glen and Helen Gieselman Memorial Scholarship

by Christian Resource Group, representing the children and grandchildren

Jim and Sybil Hottinger Scholarship

by Michael Hottinger and Deborah Farra

Ruth L. Johnson Scholarship

by the estate of Ruth L. Johnson

Vorma Jean Johnson Memorial Scholarship

by the estate of Vorma Jean Johnson and Pamela Falkner

Jay Martinson Scholarship at Olivet Nazarene University by Milton and Mary Martinson

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John O. Mongerson Scholarship

by Kenneth and Sandra Southerland

Sharon and Warren Ouwenga Scholarship by Sharon and Warren Ouwenga

Miller-Werchan Scholarship

by David L. and Louanna R. Miller

Miley Reed Scholarship by family and friends

Mildred I. (Roat) Park Scholarship Fund by Earl L. Park

Wesleyan-Arminian Studies Chair by Rick and Debbie Dykhouse

Wesleyan-Arminian Studies Scholarship by Rick and Debbie Dykhouse

Gordon C. Wickersham Memorial Scholarship by Mark and Carol Emerson

Fiscal Year 2016 ONU

Foundation

Fiscal Year 2016 ONU

Assets: $40,532,044

Foundation

Gifts: $3,105,765

OLIVET NAZARENE UNIVERSITY


JOY OF GIVING: ONE DONOR’S STORY My wife and I have had a number of situations in our lives when we depended on the care of nurses. We might not even be alive if it weren’t for nurses. What better remembrance could we create than to support the education and training of people who want to care for others? 12

Virgil Sancken’s faith has played a recurring role in the 89-year story of his life.

He believes that faith means different things at different times. In 1963, Virgil was a 36-year-old married father of two who had just earned his high school diploma via correspondence school, a predecessor to online education. He was job hunting and wrestling with whether to start working on a college degree. His wife, Irma Jean, was a teacher in a rural community in central Illinois.    One day, a chance meeting on the way to a job interview led Virgil to Olivet and changed the course of the Sanckens’ future. “It was a cold, snowy day, and I stopped in a café to warm up,” Virgil recalls. “There were just a few customers, and I struck up a conversation with

ANNUAL REPORT 2016

one of them about what each of us was doing in the area that day. Turns out he was a pastor from Mokena, Illinois. When he heard I was thinking about college, he offered to help me enroll at Olivet, if that’s truly what I wanted to do. His wife had graduated from Olivet.”    Virgil enrolled and earned a bachelor’s degree in sociology. Over time, when they could afford it, the Sanckens began making gifts to various charities. When Alma Mater Olivet came calling, faith again took center stage in the Sanckens’ story.    “It had to do with hope and planning and goals,” Virgil explains. “In that period in the 1960s, I fulfilled my requirements as a student. But I didn’t realize all of the things that education would bring about. And they’re still

unfolding. The relationship I have with Olivet today sprung up in an unexpected way. It’s really the sum and substance of our dream and purpose.”    The Sanckens are building an endowed scholarship for Olivet nursing students. Theirs is a testamentary gift, which will provide the majority of funding upon execution of their wills. Meanwhile, “despise not the day of small things,” says Virgil, quoting William Penn’s paraphrase of scripture. “We do what we feel we can do now.”    The couple resides in a senior life community. Irma Jean, 90, lives in the community’s rehabilitation housing. Over their years together — raising a family, committing to education, changing jobs, surviving a serious car accident and other health challenges — the Sanckens drew strength from each other, their faith, and their family, friends and caregivers.    “Every day, we see nurses living on the fast track with technology advancements and the need for ongoing training and development,” Virgil says. “If we are able to provide any means to substantially support something, this is where we want it to go. We know the money won’t get lost in a monument or a statue that might get buried in 50 years. Instead, it improves people’s lives.”


BRENDAN MOOREHEAD

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Virgil Sancken ’66 OLIVET NAZARENE UNIVERSITY


AHOPE-FILLED FUTURE

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“ Higher education should have a higher purpose. It’s a calling we take seriously. These are great days, indeed, but I firmly believe Olivet’s best days are to come.”

— Dr. John C. Bowling

ANNUAL REPORT 2016


Through your gifts and prayers, you equip and encourage students to graduate and succeed in life, in work and in service. Together, we inspire a new generation that will shape the future.

OPPORTUNITIES TO ASSIST STUDENTS Personal Development You can provide critical scholarship support to students with the greatest financial need. Plus, your gifts sustain programs for spiritual enrichment and community life.

Professional Readiness You can ensure ONU students flourish in environments that reflect changing marketplace and industry standards. Expanded study areas, classrooms, and labs are needed.

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Preparation for Lives of Service You can give to help students prepare for meaningful jobs and vocations. Your support will strengthen all value-added career services within the Olivet experience.

YOUR FUTURE — AND THEIRS When asked if they would like an easy, effective way to leave a legacy, our most loyal mission investors say “Yes!” “Olivet continues to be in our lives, so we decided to make a gift through our Will. We think a lot about legacy, how we live now and how our influence can go on. Investing in people — helping to save souls — well, that just can’t be measured!” — JOHN ’67 AND BONNIE (KITCHELL) ’66 SHERWOOD

Additionally, Charitable Gift Annuities, Trusts, life insurance beneficiary designations and more allow you to leave a legacy and help students more than you might have imagined. Our planned giving staff is available to help explore the best options for you.

Thank you for believing that higher education should have a higher purpose. OLIVET NAZARENE UNIVERSITY


ANNUAL REPORT

2016

OFFICE OF DEVELOPMENT ONE UNIVERSITY AVENUE BOURBONNAIS, IL 60914

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

Annual Report 2016  

We thank God and extend our sincere gratitude to you for the blessing of our look at 2016! A nourishing spiritual environment, rigorous aca...

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