Future Forward: Annual Report Fiscal Year 2023

FUTURE FORWARD Annual Report Fiscal year 2023

VISION

IGNITING PASSION TO TRANSFORM LIVES.

MISSION

To inspire a community of UC and UC Health supporters through the power of philanthropy.

On the cover: Students outside the UC Digital Futures building.

2 FUTURE FORWARD

Table

of contents

5 LETTERS

Peter E. Landgren, President Rae A. Mang, Chair

9 INVESTMENT OVERVIEW

The UC endowment and its performance

15 PROPELLING OUR COMMUNITY FORWARD A look back: The momentum of your philanthropy

20 A NEW ERA OF BEARCAT CHAMPIONSHIPS Day One Ready success

24 FUNDRAISING REPORT

Fundraising highlights from fiscal year 2023

28 LEADERSHIP

UC, UC Health and UC Foundation

3

UC students at 2022 spring commencement.

4 FUTURE FORWARD

a letter from

peter e. landgren

Your generosity gives us much to celebrate as we reflect on this year of unparalleled success. The University of Cincinnati and UC Health are on a national stage thanks to the power of your philanthropy.

It is an honor to share that we had another record-breaking year. I am especially proud of the $32.2 million raised for scholarships that go directly to student support. While the dollar number is impressive, it is the impact of your gifts that is truly distinctive. Across our campuses, you are changing lives, and building better futures for us all.

The stories in this annual report are a testament to this vision: UC entered the Big 12 Athletic Conference with our student-athletes poised to compete and win. The UC Medical Center opened an expanded, state-of-the-art emergency department to serve our region. The new Portman Center for Policy Solutions will foster bipartisan engagement for our campus and nation.

I am continually inspired by our community’s drive to seed excellence here at UC and UC Health.

You have continued to create change through research, our renowned health care institutes and social justice initiatives.

On a personal note, in August, I announced my intent to retire. I want to take the opportunity to thank you for your desire to transform our university community through your generous investments. I have been fortunate to serve my alma mater for 12 years and the past six years as the president of the UC Foundation. I look forward to continuing my affiliation with UC as I return to my academic home, the College-Conservatory of Music, as a member of the tenured faculty.

As we enter the last year of the Next, Now campaign, I am certain you will propel our community onward—thank you for being future forward.

Peter E. Landgren President, University of Cincinnati Foundation Vice President for University Advancement, University of Cincinnati

5

a letter from

rae A. mang

As a proud alumna and the chair of the UC Foundation Board of Trustees, I can attest that it’s a remarkable time to be a Bearcat. Your dedication and support are transforming lives throughout UC and UC Health.

I am consistently impressed by my fellow alumni, and those honored this past year by the UC Foundation and UC Alumni Association are exceptional.

This year’s Alumni Celebration award recipients were celebrated for their service to the university, their communities, and fields of endeavor. I encourage you to visit the mural showcasing their likenesses on Vine Street in Cincinnati’s Over-the-Rhine neighborhood.

The achievements of African American alumni, faculty, staff and students were recognized at the ninth annual Onyx & Ruby Gala. The UC African American Alumni Affiliate (4A) hosted this joyful event and raised scholarship donations.

Finally, it was a great privilege to attend the George Rieveschl Recognition Dinner and connect with those receiving the Outstanding Philanthropic Volunteer Awards this year. These individuals and groups receive the Foundation’s highest honor for their commitments to UC and UC Health.

I arrived at UC as a first-generation student who had never visited the city or campus. This leap of faith changed my life, and I am forever grateful. As I end my final year as chair, I want to say thank you for allowing me to serve my alma mater.

I would also like to use this opportunity to celebrate fellow UC alumnus, Peter Landgren, who is retiring from his role as UC Foundation President. Under Peter’s leadership, the Foundation launched Next, Now: The Campaign for Cincinnati, the largest campaign in our history. His service to our university community will leave a lasting impact on UC and UC Health.

On behalf of my fellow trustees, thank you for your tremendous support of UC and UC Health.

Rae A. Mang Chair, University of Cincinnati Foundation Board of Trustees 6 FUTURE FORWARD

Ewaniki Moore-Hawkins, BBA ’02, MBA ’06, and Littisha Bates, PhD, Associate Dean for Inclusive Excellence and Community Partnerships, College of Arts and Sciences, at the ninth annual Onyx & Ruby Gala.

7

investment overview

Thanks to 50 years of innovation, the UC Health Emergency Medicine and Trauma teams saved the life of Buffalo Bills safety Damar Hamlin.

8 FUTURE FORWARD

a letter from the

chief investment officer

The UC investment team is pleased to report that the UC endowment generated a +5.2% gain in fiscal year 2023. This performance is outstanding in the context of the endowment’s investment performance in recent years— and adds to a long-term track record that all Bearcats can be proud of.

Stability has been a critical component +14.0% of UC’s investment success. Its senior investment team has been pursuing the +12.0% same strategy for over a decade and has +10.0% benefited from a remarkably steadfast +8.0% (and devoted) investment committee.

This consistency has enabled the team +6.0% to focus on investment strategies +4.0% that require a consistent long-term +2.0% approach, providing financial backing to early-stage startup companies and +0.0% investing in out-of-favor real estate assets. These long-term investments were the difference-makers to UC’s investment performance and are poised to drive continued superior performance in future years.

+11.7% +9.4% +8.0%

+5.2%

+5.0%

+5.7%

+6.5%

+3.1%

+2.5%

1-year

3-year

30-year

UC

Weighted Benchmark

Inflation

The UC community has a lot to be proud of. We were in the national spotlight during UC Health’s heroic treatment of NFL player Damar Hamlin after a life-threatening, on-field accident.

The nation celebrated Hamlin’s recovery and the extensive team of doctors and health care professionals that made it possible.

The following pages illustrate how UC Health’s breakthrough approach to emergency medicine led to an elevation of care. We also share how generous and steady endowment giving allows our emergency medicine physicians to embrace the future of emergency medicine.

Karl Scheer Chief Investment Officer, University of Cincinnati 9

How do you transform $2 million into nearly $10 million of support?

Patience. Structuring a gift as an endowment magnifies its impact—and can transform a $2 million donation into nearly $10 million of value for UC in just a few decades.

The discipline and endurance of UC’s investment program compounds gains and magnifies the impact of our donors’ endowment gifts. Each year, about 5% of each endowment is used to fund scholarships, research, professorships or programs designated by donors. The remaining capital, about 95%, is invested to replenish spending by generating investment gains.

This is carefully calibrated (and adjusted when necessary) to allow UC to spend the maximum sustainable amount so each endowment can provide the same support to its mission today and into the future.

UC has proven the durability and power of endowments; it is still managing endowment capital donated 150 years ago.

What is perhaps most surprising and inspiring about the endowment approach is how dramatically a successful investment program can enhance endowment capital impact in as short a period as a few decades.

Below you can see that since 1993, the

+1,000% +900% +800% +700% +600% +500% +400% +300% +200% +100%

UC +921%

Balanced Portfolio +560%

Inflation +111%

This analysis assumes UC’s historical 30-year 8.0% annualized investment return, the current 5.0% spending policy and 3.0% inflation.

The actual (after-inflation) value of the endowment 30 years in the future would be modestly above the original $2 million donation, meaning that UC would have maintained the buying power of this endowment fund and would have achieved “intergenerational equity,” a guiding principle for how UC manages its endowment program.

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2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

+0%

+9.0% +8.0% +7.0%

Damar Hamlin’s care highlights 50 years of innovation

+8.0% +6.5%

+6.0% +5.0% +4.0% +3.0%

+2.5%

+2.0% +1.0% +0.0%

UC

30-year Weighted Benchmark

Inflation

UC A Pool produced compounded returns of 921%, outperformed a balanced portfolio of global stocks and bonds by 362% and outpaced inflation by over 800%.

Three decades transforms solid annual outperformance (1.5% per year) into astronomical full-period outperformance.

Looking forward using UC’s 30-year track record and our current spending rate, a UC donor giving $2 million can expect that gift to provide $4.86 million in support over the next 30 years and grow principal to $4.90 million to fund future spending. The initial $2 million would be expected to deliver, in three short decades, $9.76 million of value.

The care Damar Hamlin received from UC Health Emergency Medicine and Trauma teams after he suffered cardiac arrest during the Buffalo Bills and Cincinnati Bengals game in January 2023 highlights 50 years of innovation. UC created the first emergency medicine residency program in the early 1970s to train physicians specifically for emergency departments (EDs). It’s hard to imagine today, but before UC’s breakthrough approach to training doctors with the unique skills needed in emergencies, EDs were staffed by physicians borrowed temporarily, often reluctantly, from other specialties.

Since EDs were often thought of as providing little more than first aid, any doctor was considered qualified. Units were plagued by long wait times, medical errors and poor service.

The growth of highly competent emergency medical professionals, trauma specialists and emergency networks was largely in the future—and UC saw that future first.

Damar Hamlin at the Chasing M’s event at UC Medical Center in July 2023.

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Discovering possibilities in health care When the UC Health team saved Damar Hamlin’s life in January 2023, it was the culmination of 50 years of visionary leaders, dedicated students and innovative generosity.

Emergency medicine’s local history dates to 1968, when UC physician Herbert Flessa, MD, created the idea of a training program for emergency medicine residents. His first recruit was Bruce Janiak, MD, who believed in the need for specialty training. In 1977, UC alumnus, Richard Levy, MD, took emergency medicine to the next level. He integrated the emergency medicine clinical and academic program, retained UC College of Medicine graduates and recruited gifted faculty from across the country. The UC Emergency

Medicine Residency program blossomed, research initiatives began and the quality of care for patients dramatically improved— it remains a top-ranked and sought-after program today.

Photos top to bottom: UC physician Herbert Flessa, MD. 2023 UC Emergency Medicine residents.

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Discovering possibilities in funding Not only did UC Emergency Medicine innovators Flessa, Janiak and Levy create a groundbreaking way to train specialists with a unique set of skills, they also laid the foundation for an innovative culture around the provision and protection of funding for ongoing innovation. In 1994, Levy donated $2.5 million to create two new endowment funds to guarantee a permanent source of support for the program. In the intervening three decades, under the direction of subsequent department chairs W. Brian Gibler, MD, and Art Pancioli, MD, nearly a dozen additional Emergency Medicinefocused endowed funds have been created to further bolster and secure the program.

Recently, the UC Emergency Medicine Department has taken a unique approach— raising funds from within its ranks of physicians, faculty and administrators and joined by program alumni—some now leading in prominent emergency departments nationwide. With this team of donors—all of whom share a passion for emergency medicine and are inspired to donate their resources, large or small—an endowment fund is grown one gift at a time until it reaches a level where it can be selfsustaining. At this point, the team begins funding a new endowment.

An inspiring and visionary mentality has developed within the Emergency Medicine family—one of perpetual and innovative generosity.

Innovative Generosity Members of the UC Emergency Medicine Department have created a culture of giving.

They collectively create endowments to support specific needs. Other creative ways to donate permanent capital to UC include:

Give to an existing endowment fund

celebrate your UC graduating class

Build an endowment fund

You don’t need to create a new fund if there’s an existing fund that supports a mission that inspires you.

Create an endowment to celebrate graduation, anniversaries, honor classmates who passed away or support individual departments.

Regular, long-term donations can create permanent support, impacting generations.

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UC partners with the Village Life Outreach Project, a nonprofit dedicated to fighting poverty and improving lives in Tanzania, East Africa. In May 2023, Marian Spencer Scholars traveled to the Rorya district of Tanzania for the first time.

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“

Philanthropy’s impact can be seen everywhere on our campus. State-of-the-art buildings, world-class research opportunities, an ever-growing student population and Big 12 athletics—all made possible through your generosity. Our upward trajectory makes it a special time to be a Bearcat.”

NEVILLE G. PINTO, PhD President University of Cincinnati

TOGETHER WE ARE

PROPELLING OUR 15

A LOOK BACK The momentum of your philanthropy

Empower

Our Next Leaders Ohio-based company LOTH, Inc.

Record-breaking year: 5,916 donors

creates a scholarship for UC Carl

believing in student success give

H. Lindner College of Business

$32.2 million to scholarships.

94

scholarship funds established

80

endowment funds established

students with a passion for selling.

$6.7M

176 corporate and foundation partners donate $3.49 million to

to research funds

UC scholarships.

The Charles H. Dater Foundation marks a philanthropic milestone with UC. Since 1990, the foundation has given more than $1 million to university

$66,774

donated to emergency funds benefiting UC students

$16.8M

Carl H. Lindner College of Business scholarship fundraising record

$100M

Day One Ready campaign nears fundraising milestone supporting UC Student-Athletes

programs impacting children and youth.

A $1 million gift from Ray, BSCH ’83, Travis Kelce, two-time NFL Super Bowl

and Connie Brooks creates the

winner and former Cincinnati Bearcat,

Ray and Connie Brooks Professorship

announces the creation of the 87 and

in Sustainability and Renewable Energy Endowment Fund at the UC College of

Running Student-Athlete Health and Wellness Endowment Fund. The fund,

Engineering and Applied Science.

launched by Kelce’s foundation, supports UC Foundation Trustee Arun Murthy,

the health and wellness of Bearcats

BBA ’95, makes a $250,000 gift to the

student-athletes.

UC Carl H. Lindner College of Business to help students manage costs associated with getting required certifications.

Brothers Mike and Jim Rodarte establish the Level Up Scholarship Fund for students in public school districts across the region.

Explore

Embrace

Our Next Frontier

Our Next Purpose

An estate gift from Patrick, BA ’63, and Malle Portway allocates $10 million

makes a $100,000 gift to the Timothy

for four endowed funds at the Center for

Freeman, MD, Center for Intellectual

Cyber Strategy and Policy in the UC College of Arts & Sciences.

A gift of $5.25 million from the

The National Down Syndrome Society

James J. and Joan A. Gardner Family Foundation will upgrade spaces within

and Developmental Disabilities,

UC Health for patients needing the most specialized neurological care.

created by the UC College of Medicine and UC Health.

A $1.25 million donation from PESI

Craig and Frances Lindner commit

will allow researchers at the UC College of

$15 million in support of John Byrd, MD,

Medicine to explore therapies used for

and the future Blood Cancer Healing

post-traumatic stress disorder.

Center.

The sixth annual UC Day of Giving raises more than $2,470,000 from The generosity of Shawn A. Ryan, MD,

3,800+ gifts in just 24 hours.

Ride Cincinnati marks $4 million in contributions to cancer research at the University of Cincinnati Cancer Center.

MBA ’11, supports the Emergency Medicine Endowed Chair to Benefit the Acute Treatment of Mental Health and Substance Use Disorder at the UC College of Medicine.

Jerry Harris, JD ’72, and his family establish the Jerry and Carol Harris Family Scholar Award for Cancer Research at the UC College of Medicine.

Chipping Away at Parkinson’s raises more than $200,000 to benefit the James J. and Joan A. Gardner Family Center for Parkinson’s Disease and Movement Disorders at the UC Gardner Neuroscience Institute.

Lyle E. Shaw, BSIM ’67, MBA ’68, and Gretchen S. Shaw give $320,000 supporting the University of Cincinnati Cancer Center, UC Athletics, UC Carl H. Lindner College of Business and the Gen-1 Program.

committed

to social justice More than 500 donors gave $1.85 million to funds related to diversity, equity and inclusion.

Bruce Besanko, BA ’82, establishes the Bruce Besanko Support Fund for the LGBTQ Center with $200,000.

Elizabeth Gatten, JD ’21, is the first Eichner Research Fellow in Workforce Housing

Tom Sharp, BSEE ’84, MS ’92, PhD ’97, and the teams of NLign Analytics and Etegent Technologies create the Inclusive

Policy at the UC College of Law made

Excellence Support Fund for Students

possible by a FY22 gift from Bruce

in Math and Science with a $100,000

Eichner, JD ’69.

gift. The fund supports students at the UC College of Education, Criminal Justice, and

David R. Rodrigo, BBA ’94, MS ’06, and Amy Corbin, BFA ’94, MDES ’98, create the Pedro

Human Services.

Rodrigo’s American Dream Scholarship Endowment Fund for underrepresented students at the UC Carl H. Lindner College of Business.

An anonymous donor gifts $804,786 to the Ohio Innocence Project at the UC College of Law. This support furthers the Ohio Innocence Project’s goal of freeing

every innocent person in Ohio who has been convicted of a crime they didn’t commit.

Gary Simmons, BBA ’76, and Susan (Youngman) Simmons, BA ’76, establish the Gary and Susan Simmons Endowed Fund for Inclusive Leadership. This gift

COMMUNITY FORWARD

provides support for inclusive leadership programming at the Warren Bennis Leadership Institute at the UC Carl H. Lindner College of Business.

“

Philanthropic growth and community engagement are at the heart of UC Health. Your trust and belief in our mission, our care and our people inspire us each day. Our vision of becoming a world-class academic health care institution is enabled by your continued investment, and for that we thank you.”

CORY D. SHAW President & Chief Executive Officer UC Health

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A NEW ERA OF BEARCAT CHAMPIONSHIPS UC’s first day in the Big 12 conference was July 1, 2023.

Behind this momentous occasion are the 8,000 UC alumni, Greater Cincinnati leaders and dedicated Bearcats who have supported the Day One Ready Campaign.

This devotion to our 450-plus student-athletes resulted in topping $100 million ahead of the 2023 football season and the beginning of a new era as a Power 5 school.

Significant progress has been made toward the campaign’s top priorities to fuel support for student-athlete wellness, signature facilities and operational resources for championship readiness. Support includes: • Larry and Rhonda Sheakley make the largest single gift in UC Athletics history, spearheading the game-changing, multi-million-dollar Indoor Practice Facility and Performance Center.

• Total Quality Logistics and UC create a long-term strategic partnership. This includes field level and stadium signage and logo assets for TQL as well as specific investment to the Indoor Practice Facility and Performance Center.

• Dave and Wendy Herche invest in the renovation of the men’s and women’s basketball locker rooms, the makeover of the practice gym and several major athletic department initiatives.

• Alumni Travis Kelce, BIS ’22, and Richard Kimbler, BBA ’73, MBA ’74, support student-athlete wellness.

Students have access to resources and services related to both nutrition and mental health services.

The Day One Ready Campaign is part of Next, Now: The Campaign for Cincinnati, the comprehensive fundraising campaign for UC and UC Health.

20 FUTURE FORWARD

“When we talk to our student-athletes, we talk about the dedication of our donor base and how much effort, energy and resources have been put into building our university and our athletics department around the opportunity to be in the Big 12.”

John Cunningham

uc Director of Athletics

Rendering of UC’s new Indoor Practice Facility and Performance Center.

21

22 FUTURE FORWARD

fundraising report

UC adds $22.7 billion to Ohio’s economic base and supports over 125,000 regional jobs.

23

fundraising highlights

fiscal year 2023 commitments*

$153,476,446

commitments by fund type, source and purpose

35+43.7+21.3 66.7+31.7+0.31.3 52.6+21+21.42.12.9 TYPE

SOURCE

PURPOSE

CURRENT OPERATIONS $53,721,721 - 35%

NEW COMMITMENTS $102,359,649 - 66.69%

PROGRAM ENHANCEMENTS $80,661,947 - 52.56%

ENDOWMENT $67,059,674 - 43.7%

DEFERRED GIFTS $48,688,221 - 31.72%

SCHOLARSHIPS & FELLOWSHIPS $32,309,132 - 21.05%

FACILITIES $32,695,051 - 21.3%

GIFT-IN-KIND (Non-software) $489,622 - 0.32%

FACILITIES $32,895,051 - 21.43%

NEW MARKET TAX CREDIT $1,938,953 - 1.26%

FACULTY $3,228,275 - 2.10%

*Excludes UC Health contribution, non-government research fund, software gifts-in-kind, campaign-only gifts.

24 FUTURE FORWARD

UNRESTRICTED $4,382,040 - 2.86%

Gift Bands $1M+

$83,283,930 - 54.26% of all dollars 25 Principal Gifts - 0.06% of all gifts $38,798,120 - 25.28% of all dollars

$100K+ 152 Gifts - 0.35% of all gifts $25K+

$10,338,493 - 6.74% of all dollars 261 Gifts - 0.6% of all gifts

$25K-

$21,055,903 - 13.72% of all dollars 43,318 Gifts - 98.99% of all gifts

overall giving

43,756

total number of gifts

$67,254,259 gifts from alumni

25

financial highlights

UC Foundation and UC Health Foundation Combined* REVENUES

2023 TOTAL

2022 TOTAL

Contributions

100,392,224

91,137,923

University support

12,202,509

9,636,018

Fundraising fees

12,068,106

11,273,219

Investment gains (losses), net

31,916,353

(1,996,807)

Other

2,960,448

3,980,213

$159,539,640

$114,030,566

Distributions to University of Cincinnati

69,755,344

93,716,540

Assets released from restriction

2,879,040

2,055,939

Operating expenses

30,791,213

27,202,907

UC Foundation endowment fee

5,983,568

5,792,241

$109,409,165

$128,767,627

(641,839)

121,279

$ 108,767,326

$128,888,906

CHANGE IN NET ASSETS

$50,772,314

($14,858,340)

NET ASSETS, BEGINNING OF YEAR

$707,676,393

$722,534,733

NET ASSETS, END OF YEAR

$758,448,707

$707,676,393

TOTAL REVENUES

EXPENSES

TOTAL EXPENSES Change in present value of annuities payable TOTAL EXPENSES AND OTHER DEDUCTIONS

26 FUTURE FORWARD

ASSETS

2023 TOTAL

2022 TOTAL

Cash and cash equivalents

22,102,263

28,735,941

Pledges receivable, net of allowance

110,041,623

91,184,772

Investments

647,581,252

613,491,255

Beneficial interest in assets

17,061,172

15,395,456

Property and equipment

224,372

294,316

4,072,631

2,720,320

$801,083,313

$751,822,060

Accounts payable and accrued expenses

16,676,519

15,649,836

Agency payable

12,546,759

14,400,304

Trusts held for the benefit of others

3,892,974

3,880,193

Present value of annuities payable

7,247,318

8,950,868

Other liabilities

2,271,036

1,264,466

TOTAL LIABILITIES

$42,634,606

$44,145,667

NET ASSETS

$758,448,707

$707,676,393

TOTAL LIABILITIES AND NET ASSETS

$801,083,313

$751,822,060

Other assets TOTAL ASSETS

LIABILITIES

*Unaudited

27

UC AND UC HEALTH LEADERS Neville G. Pinto, PhD President University of Cincinnati

Cory D. Shaw

President and Chief Executive Officer UC Health

UC FOUNDATION BOARD OF TRUSTEES CHAIR

Rae A. Mang

PRESIDENT

Peter E. Landgren

Medfield, MA

Cincinnati, OH

TREASURER

SECRETARY

Thomas D. Freeman Cincinnati, OH

PAST CHAIR

W. Troy Neat

Cincinnati, OH

Heather C. Ellison

Cincinnati, OH

UC FOUNDATION LEADERSHIP Peter E. Landgren

President, UC Foundation Vice President for University Advancement, UC

Jonathan Agree

Vice President, Development, Academic Medicine

Tammy R. Bennett

Vice President for Inclusive Excellence in Philanthropy

Linda E. Bledsoe

Thomas D. Freeman

Vice President and CFO, Administration and Finance

Jennifer L. Heisey

Vice President, Alumni and Donor Experience

Stephen A. Rosfeld

Vice President, Development

Carrie E. White

Vice President, Human Resources

Vice President, Technology, Information and Philanthropic Strategy

Heather C. Ellison

Caleb D. Whitted

Chief of Staff

Julie L. Engebrecht

Vice President, Strategic Communications

28 FUTURE FORWARD

Vice President, Principal Giving

TRUSTEES Shakila T. Ahmad Mason, OH Peter A. Alpaugh Cincinnati, OH Lori A. Beer New York, NY John B. Berding Cincinnati, OH Edwin L. Bowman Suwanee, GA Jim Boyce Indianapolis, IN Eric C. Broyles Fort Washington, MD Ken V. Byers Cincinnati, OH Thomas B. Carleton Loveland, OH Sean P. Connell Oak Brook, IL Alvin H. Crawford Cincinnati, OH William J. Davis Cincinnati, OH Kimberlee J. Dobbs Cincinnati, OH Timothy A. Elsbrock Cincinnati, OH Barbara Fant Cincinnati, OH Leigh R. Fox Cincinnati, OH Jerry L. Fritz Bella Vista, AR Paul D. Green Cincinnati, OH Lourdes J. Harshe Huntington Beach, CA Anil D. Hinduja Bethesda, MD Stuart G. Hoffman Pittsburgh, PA Gyan Jha Louisville, KY Gary D. Johns Fairfield, OH Laurence F. Jones Fairfield Township, OH Joseph P. Judge Washington, DC

Jerome C. Kathman Covington, KY Ruthie S. Keefe Cincinnati, OH Stephen E. Kimpel Hilliard, OH Rae A. Mang Medfield, MA Darrell D. Miller Altadena, CA Anndrea M. Moore Los Angeles, CA Shenan P. Murphy Cincinnati, OH Arun C. Murthy Flower Mound, TX Russell C. Myers Cincinnati, OH W. Troy Neat Montgomery, OH Jacqueline C. Neumann Cincinnati, OH Cora K. Ogle Cincinnati, OH Kirk L. Perry Cincinnati, OH Judy L. Pershern Cincinnati, OH Ryan M. Rybolt Cincinnati, OH Richard C. Seal Cincinnati. OH Shimul A. Shah Cincinnati, OH Christopher J. Van Pelt Loveland, OH Amanda L. Wait Arlington, VA Andi K. Wiot Cincinnati, OH Andrea I. Zahumensky Chicago, IL

* Herschede Society as of June 30, 2023 UC Foundation Trustee list as of June 30, 2023

EX-OFFICIO TRUSTEES Cara Baah-Binney Cincinnati, OH Flavia M. Bastos Covington, KY Thomas D. Cassady Cincinnati, OH Phil D. Collins Cincinnati, OH Heather C. Ellison Cincinnati, OH Thomas D. Freeman Cincinnati, OH Kiley Gawronski Cincinnati, OH Patrick A. Kowalski Cincinnati, OH Peter E. Landgren Cincinnati, OH Robin M. Lightner Fort Thomas, KY Cory D. Shaw Cincinnati, OH

TRUSTEES EMERITI Eugene R. Allspach* Houston, TX Elroy E. Bourgraf* Naples, FL Jack E. Brown* Cincinnati, OH Otto M. Budig* Cincinnati, OH Daniel P. Carmichael* Carmel, IN Phil D. Collins* Cincinnati, OH Todd C. DeGarmo* Washington, DC Thomas E. Dewey* Montgomery, OH David B. Dillon* Mission Hills, KS John S. Domaschko* Covington, KY Dianne G. Dunkelman* Cincinnati, OH Bob L. Fealy* Chicago, IL

Brian E. Hall* Cleveland, OH Donald C. Harrison* Montgomery, OH Carrie K. Hayden* Steamboat Springs, CO Lynnette M. Heard* Houston, TX Robert A. Heimann* Cincinnati, OH Kathryn A. Hollister* Cincinnati, OH Thomas H. Humes* Cincinnati, OH Timothy E. Johnson* Cincinnati, OH Barbara W. Kellar* Cincinnati, OH Robert J. King* Cleveland, OH Patricia L. Klingbiel* Elmhurst, IL Marvin P. Kolodzik* Cincinnati, OH David M. Lance* Warsaw, KY Louis H. Lauch* Naples, FL Jerry P. Leamon* Cos Cob, CT Doloris F. Learmonth* Cincinnati, OH William E. Lower* Cincinnati, OH Eva L. Maddox* Chicago, IL John M. Mang* Medfield, MA Thomas E. Mischell* Cincinnati, OH Joffre P. Moine* Mason, OH Jerome P. Montopoli* Naples, FL Valerie L. Newell* Covington, KY H. C. B. Niehoff* Cincinnati, OH Michael J. Paxton* Naples, FL Ellen Rieveschl* Covington, KY Yvonne C. Robertson* Cincinnati, OH

Alvin F. Roehr* Cincinnati, OH James A. Schiff* Cincinnati, OH James E. Schwab* Tucson, AZ Tony L. Shipley* Cincinnati, OH Randall E. Smith* Cincinnati, OH John M. Tew* Cincinnati, OH Richard E. Thornburgh* Palm Beach, FL Woodrow H. Uible* Cincinnati, OH Myron E. Ullman* Montrose, CO Margaret K. Valentine* Cincinnati, OH Michael D. Valentine* Cincinnati, OH Sandra S. Wiesmann* Bethesda, MD Jeffrey P. Williams* New Canaan, CT Steven A. Wilson* Cincinnati, OH Frank C. Woodside* Cincinnati, OH Jeffrey L. Wyler* Milford, OH Wilbert L. Ziegler* Crestview Hills, KY Anthony Zingale* Los Gatos, CA

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30 FUTURE FORWARD

Photos left to right: Larry and Rhonda Sheakley at the groundbreaking of the Indoor Practice Facility and Performance Center.

Their gift, the largest in UC Athletics history, spearheaded the project. A UC student in psychology class at the new Clifton Court Hall. UC Health celebrates the updated UC Medical Center entrance and lobby.

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The University of Cincinnati Foundation PO Box 19970 Cincinnati, OH 45219-0970

(513) 556-6781 | (888) 556-8889

32 FUTURE FORWARD

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