ANNUAL REPORT
FISCAL YEAR 2016
possible
pos·si·ble \’pä-s Ə -b Ə l\
adjective within our power
At the University of Cincinnati and UC Health, donors are redefi ning what is possible. They’re supporting scholarships, research, best-in-class patient care, study abroad programs, ar ts, athletics and so much more. Realizing dreams. Delivering on promises. They’re making anything possible .
TABLE OF CONTENTS
LETTERS 6 // BECAUSE OF YOU STORIES 11
FINANCIALS 21 // INVESTMENT OVERVIEW 23
TIMELINE 25 // LEADERSHIP 31 // WAYS TO GIVE 37
THE UC FOUNDATION FUNDRAISES ON BEHALF OF THE UNIVERSITY OF CINCINNATI AND UC HEALTH.
“I AM HUMBLED BY YOUR GENEROSITY, I AM PROUD OF THE WORK OUR ADVANCEMENT TEAM DOES EVERY DAY, AND I AM HONORED TO BE PART OF A COMMUNITY THAT CHANGES LIVES.”
letter from the foundation president
This fiscal year marked an important milestone for the University of Cincinnati Foundation our 40th anniversary. As we look back on 40 years of supporting the University of Cincinnati and UC Health, it is inspiring to see not only the growth and change both have undergone, but also the profound impact they have had on Cincinnati and the rest of the world.
Our 40th year also marked the most successful year of fundraising in the history of the Foundation with over $258 million raised to support UC and UC Health. The unparalleled generosity of our students, alumni, faculty, staff, patients, donors and friends has helped lift UC and UC Health to new heights.
Inside this report you will find not only a recap of our recordbreaking fundraising activities and achievements from the past year, but also stories showcasing the impact of philanthropy at UC, UC Health and beyond.
Your support is saving lives. Donors helped guarantee that a UC surgeon has the resources necessary to continue his life-saving work, and the philanthropic support of a cancer survivor is translating into cancer research that provides new hope to future patients.
Your support is making dreams come true and helping UC students and alumni make a difference in their communities. Scholarships helped bring one student from the Democratic Republic of Congo to UC Clermont to pursue his dreams. A proud UC alumna turned a donor-funded education into a career that is helping shape Cincinnati’s arts and culture. A first-generation college student was able to enter her senior year at UC something that would not have happened were it not for a donor-funded scholarship.
As always, I am humbled by your generosity, I am proud of the work our Advancement team does every day, and I am honored to be part of a community that changes lives. Thank you for your support in everything we do to fund the education, research and patient care that makes the impossible possible.
RODNEY M. GRABOWSKI, MBA, CFRE President, UC Foundation Vice President for University Advancement, UC CEO, UC Health Foundation
Chair, University of Cincinnati Foundation Board of Trustees
letter from the board chair
It is amazing to think that four decades ago when I was finding my way around the campus of our beloved university, the distinguished Dr. George Rieveschl Jr. was leading the charge to establish the UC Foundation. The internationally-known scientist, UC alumnus, professor and inventor of Benadryl took an idea and made it possible, in the process earning recognition as UC’s founder of philanthropy. His extraordinary leadership and vision led to a culture of unparalleled giving to our university.
This year’s Annual Report highlights how today’s donors are carrying on Dr. Rieveschl’s legacy. Over the past year, the Foundation celebrated its 40th anniversary, the university enjoyed record-breaking enrollment and rankings, and UC Health made groundbreaking advances in research and patient care.
Our generous donors supported students, researchers, physicians, patients, alumni and more. If you are a numbers and charts person like me, you will enjoy the financial breakdown on pages 23 through 26. The timeline found on pages 27 through 32 provides snapshots of the year, including major gifts, accolades and more. Flip through the pages, and I promise you’ll be inspired by what our donors made possible.
Dr. Rieveschl would be proud.
On behalf of the UC Foundation Board of Trustees, thank you for everything you do to advance UC and UC Health. With your continued support, we can look forward to seeing many possibilities become reality.
BOB FEALY, BUS ‘73
“THANK YOU FOR EVERYTHING YOU DO TO ADVANCE UC AND UC HEALTH. WITH YOUR CONTINUED SUPPORT, WE CAN LOOK FORWARD TO SEEING MANY POSSIBILITIES BECOME REALITY.”
BECAUSE OF YOU…
a surgeon is saving lives.
Just two years ago, Jim Orr, the former CEO of Convergys, was battling advanced liver cancer. Because of the number and size of his tumors, a transplant was considered risky. Shimul Shah, MD, and the UC Health Liver Transplant Program took a chance on Jim. They saved his life.
To thank the team and help others, Jim and his wife, Cathy, gave back in a big way. They created an endowed chair that will support education, research and patient care efforts within UC’s Department of Surgery in perpetuity. Dr. Shah was named the first chair holder.
When you’re fighting for your life, you deserve the best. This gift makes that possible
Read more at foundation.uc.edu/shah
a UC alumna has found her forte.
LeAnne Anklan, Bus ’05, CCM ’12, started playing piano at seven years old. By the time she was 10, she had added the flute to her repertoire, and music was at the center of her young life.
She followed her childhood passion to the University of Cincinnati, where privately-funded scholarships made her education possible. After earning a bachelor’s degree, she landed her first full-time position at the company where she had spent her time as a co-op.
She later returned to UC to pursue twin graduate degrees in business administration and arts administration. She earned those degrees with the financial help provided by graduate fellowships and assistantships.
Today, LeAnne is the General Manager of the Cincinnati Chamber Orchestra. At CCO, LeAnne is able to work behind the scenes at a place where she can celebrate her love for music.
Her career is proof that philanthropy makes all things even childhood dreams possible
Read more at foundation.uc.edu/anklan
a cybersecurity student is pursuing his american dream.
For Serge Kikonda, the American dream began with Looney Tunes. Growing up in the French-speaking Congo, Serge learned English watching the Saturday morning cartoon. He fell in love with American culture in the process.
So when he graduated from high school, he decided against a free opportunity to study in France and came to America instead. His American dream began at UC Clermont.
Through hard work and perseverance, Serge earned donor-funded scholarships that have allowed him to thrive at UC Clermont. He has found success in both academics and athletics, excelling in computer networking and shining as captain and goalkeeper of the soccer team.
Next year, Serge hopes to continue his studies at UC in cybersecurity. Thanks to scholarship gifts to the UC Foundation, his American dream is possible
Read more at foundation.uc.edu/serge
a cancer patient has found hope.
When UC alumna Beth Sininger Flege, 57, learned that she had pancreatic cancer, she thought it was a death sentence. Now, nearly six years later, she credits the diagnosis as a new beginning, one that brought new focus to her life.
Her cancer treatments, under the care of UC and UC Health’s Syed Ahmad, MD, started immediately upon diagnosis. While she was undergoing grueling chemotherapy and radiation treatments at UC Health, her loved ones searched for a way to honor her struggle. They founded GIVEHOPE, which supports research for pancreatic cancer in the Greater Cincinnati region. To date, GIVEHOPE and its corporate partner, BSI Engineering, have raised more than $215,000 for the cause.
Recent gifts from GIVEHOPE helped fund a UC study examining the protocol for patients with operable pancreatic cancer, giving them chemotherapy and targeted radiation before surgery. The hope is that this research could increase their survival rate. As the driving force behind GIVEHOPE, Beth has a new mission in life to make other lives possible.
Read more at foundation.uc.edu/sininger-flege
a first-generation student will turn her tassel.
Two years ago, a University of Cincinnati alumnus set up a fund to support students studying history, just as he did while at UC. Today, Hannah Pfaltzgraff, a first-generation student, is benefiting from his generosity through a scholarship made possible by his gift.
Hannah’s father works long hours as an automobile mechanic to help his two daughters attend UC. And, like 80 percent of UC students, Hannah works parttime to help with costs, too. As an undergraduate, she has worked in several roles at the Cincinnati Museum Center.
Her journey hasn’t been easy, and earning the scholarship came at just the right time for Hannah, ensuring that she could attend her senior year at UC. One person has made graduation for Hannah possible
Read more at foundation.uc.edu/pfaltzgraff
FINANCIAL HIGHLIGHTS
UC Foundation and UC Health Foundation Combined
ASSETS
FISCAL YEAR 2016 COMMITMENTS
FUNDS
KARL SCHEER Chief Investment Officer, University of Cincinnati
INVESTMENT OVERVIEW
University of Cincinnati’s $1.2 billion endowment provides uniquely independent, reliable support by generating quarterly cashflows that fund scholarships, professorships, advancement efforts and programs as directed by UC donors.
The Investment Office, with oversight by the UC Investment Committee, manages UC’s endowment assets, balancing expected returns and risks. The office is led by Chief Investment Officer Karl Scheer, whose goal is to sustain spending from the endowment in support of the university's academic programs for future generations.
FAST FACTS
// OVER THE PAST 25 YEARS, UC’S INVESTMENT PORTFOLIO HAS OUTPERFORMED THE MISSION BENCHMARK, ITS MOST IMPORTANT LONG-TERM PERFORMANCE BENCHMARK.
// FOR EVERY $100 INVESTED AT THE BEGINNING OF THAT TIME PERIOD, UC’S INVESTMENT PORTFOLIO HAS GENERATED GAINS OF $620.
// UC’S ENDOWMENT RANKS 74TH AMONG ALL UNITED STATES AND CANADIAN COLLEGES AND UNIVERSITIES, BASED UPON THE LATEST RANKINGS FROM THE 2015 NACUBOCOMMONFUND STUDY.
more than 2,100 endowments
Areas of Support
47 new endowments created in FY16
$1.2 Billion in investments
YEAR AT A GLANCE
Fiscal year 2016 proved the possibilities are endless for UC and UC Health. From best-in-class rankings to transformational gifts, some of the more memorable highlights are captured in this timeline.
JULY 2015
■ The Andrew W. Mellon Foundation awards a $900,000 grant to the College-Conservatory of Music (CCM) and the Cincinnati Symphony Orchestra (CSO) to pilot the groundbreaking CSO/CCM Diversity Fellowship Program.
AUGUST 2015
■ A multi-million dollar fundraising campaign launches for the renovation of Fifth Third Arena, home to Bearcats men’s and women’s basketball and volleyball.
■ The UC Neuroscience Institute announces a $54.5 million fundraising campaign for leading-edge programs and a new worldclass UC Health outpatient facility.
■ UC’s physical therapy program in the College of Allied Health Sciences receives its first endowed scholarship thanks to a $200,000 gift from Harold Thomas.
SEPTEMBER
2015
■ A $4 million estate gift from Magda and Milton Margolis establishes a new McMicken Honors Scholars Program and benefits scholarships, faculty, research and diversity initiatives within the McMicken College of Arts and Sciences.
OCTOBER 2015
■ U.S. News & World Report recognizes UC Medical Center as one of the most connected hospitals for 2015–16. The Most Connected Hospitals list recognizes hospitals whose excellence in patient safety, patient engagement and clinical connectedness improves patient care.
■ The UC Foundation celebrates its 40th anniversary and names five philanthropy award winners: John B. Goering, Michael McGraw, Friends of CCM, Cady ShortThompson and Jack Kelly.
NOVEMBER
■ CCM receives two $100,000 gifts. The first gift, from an anonymous donor, supports the Ariel Quartet and creates a permanent endowment for a string quartet-in-residence at CCM. The second gift, from UC alumna Genevieve H. Smith, benefits the acclaimed Opera Department.
DECEMBER
■ An anonymous donor gives $245,000 to fund new equipment in the Dental Hygiene Clinic at UC Blue Ash and create scholarships for dental hygiene students.
■ A $1.8 million gift from the Marge and Charles J. Schott Foundation creates the Mary Louise “Weezie” Bays Endowed Chair for Stroke Treatment and Prevention Fund benefiting stroke treatment and prevention at the UC Department of Emergency Medicine.
JANUARY 2016
FEBRUARY 2016
■ UC announces that its cooperative education program surged to $57 million in collective student co-op earnings. UC’s co-op students earned an average of $10,144 in the 2014–15 academic year.
■ U.S. News & World Report ranks UC among the top 100 institutions in the nation for its online graduate programs in seven categories: master’s of science in taxation (No. 4), nursing (No. 8), criminal justice (No. 14), business (No. 30), education (No. 30), engineering (No. 49) and MBA (No. 52).
■ UC alumnus Robert E. Richardson Jr. becomes chair of the UC Board of Trustees, the youngest in the university’s history.
■ The National Institute of Neurological Disorders and Stroke within the National Institutes of Health awards $1.95 million to a UC research team studying chronic pain.
MARCH
2016
APRIL
2016
■ UC’s industry-leading faculty and staff fundraising campaign launches with a goal of 75 percent participation. Neil MacKinnon, PhD, dean of UC’s James L. Winkle College of Pharmacy, and Carol Tonge Mack, UC’s assistant dean of recruitment and retention initiatives, serve as campaign co-chairs.
■ Eleven of UC’s graduate programs advance in U.S. News & World Report’s “Best Grad Schools” guide, including dramatic moves by the master’s program in nursing (up 26 places) and the College of Law (up 22 places).
■ Healthgrades ranks UC Health’s West Chester Hospital among the top 5 percent in the nation for providing an outstanding patient experience.
■ The UC School of Design within the College of Design, Architecture, Art, and Planning (DAAP) is named The Myron E. Ullman, Jr. School of Design to honor the father of UC alumnus and JC Penney Chairman Mike Ullman.
■ The Ohio Innocence Project at the Lois and Richard Rosenthal Institute for Justice, UC College of Law, helps free James Parsons, wrongfully imprisoned for 23 years.
■ The Foundation’s Board of Trustees approves a formal merger with the UC Alumni Association, effective July 1.
MAY 2016
■ Industrial design student Sean Nelson wins the third annual Bowties and Scarves for Scholarships Student Design Contest. To date, the initiative has raised more than $100,000 for student scholarships.
■ Former Convergys CEO Jim Orr gives $1 million to benefit the UC Department of Surgery and the renowned liver transplant program at UC Health. In 2014, Orr received a life-saving transplant from the UC Health program.
■ Marlene Harris-Ride Cincinnati gives $200,000 to the UC Cancer Institute to support breast cancer research.
JUNE 2016
■ The UC Neuroscience Institute, a leading treatment, research and teaching center for complex neurological and psychiatric conditions, becomes the UC Gardner Neuroscience Institute. The new name honors benefactors James J. and Joan A. Gardner.
■ UC Health’s West Chester Hospital is named one of Cincinnati’s Top Workplaces for 2016 by Enquirer Media. The Top Workplaces list is based solely on employee feedback.
UC FOUNDATION LEADERSHIP
RODNEY M. GRABOWSKI
MBA, CFRE
President, UC Foundation
Vice President for University Advancement, UC CEO, UC Health Foundation
DONNA GASTEVICH
Vice President for Advancement and Campaign Director
J. CHRISTOPHER SMITH, MBA, CFRE
President, UC Health Foundation
Vice President for Development and Alumni
Affairs, Academic Health Center
LAURA A. BOLDUC Vice President for Donor Engagement
JENNIFER L. HEISEY, A&S ’97, MEd
Executive Director, UC Alumni Association Vice President for Alumni Relations, UC Foundation
CARRIE WHITE
Vice President for Advancement Services
THOMAS D. FREEMAN, MBA ‘87 Vice President and Chief Financial Officer
DEBORAH J. ROBINSON, PhD Vice President for Development
BEVERLY J. DAVENPORT, PhD Interim President, University of Cincinnati
UC & UC HEALTH LEADERS
RICHARD P. LOFGREN, MD, MPH, FACP President and CEO, UC Health
UC FOUNDATION BOARD OF TRUSTEES
CHAIR
Robert L. Fealy CHICAGO, ILLINOIS
TREASURER
Thomas D. Freeman CINCINNATI, OHIO
TRUSTEES
Shakila Ahmad MASON, OHIO
Peter Alpaugh CINCINNATI, OHIO
Clark E. Beck, Sr., PE, ScD DAYTON, OHIO
John B. Berding CINCINNATI, OHIO
Elroy (El) Bourgraf CINCINNATI, OHIO
Otto M. Budig, Jr. CINCINNATI, OHIO
Kenneth V. Byers, Jr. CINCINNATI, OHIO
Daniel P. Carmichael CARMEL, INDIANA
Phil D. Collins CINCINNATI, OHIO
Patricia Klingbiel Connell ELMHURST, ILLINOIS
Sean P. Connell ELMHURST, ILLINOIS
Sally W. Cuni CINCINNATI, OHIO
Todd C. DeGarmo WASHINGTON, D.C.
David B. Dillon KANSAS CITY, MISSOURI
Robert E. Dobbs CINCINNATI, OHIO
Dianne G. Dunkelman CINCINNATI, OHIO
Brian E. Hall CLEVELAND, OHIO
Donald C. Harrison, MD CINCINNATI, OHIO
IMMEDIATE PAST CHAIR
Steven A. Wilson FT. LAUDERDALE, FLORIDA
SECRETARY
Lynnette M. Heard WEST CHESTER, OHIO
Carrie K. Hayden
STEAMBOAT SPRINGS, COLORADO
Robert A. Heimann CINCINNATI, OHIO
Stuart G. Hoffman, PhD PITTSBURGH, PENNSYLVANIA
Kathryn A. Hollister CINCINNATI, OHIO
Thomas H. Humes CINCINNATI, OHIO
Gyan Jha LOUISVILLE, KENTUCKY
Gary D. Johns CINCINNATI, OHIO
Timothy E. Johnson, PhD CINCINNATI, OHIO
Joseph P. Judge WASHINGTON, D.C.
Barbara W. Kellar CINCINNATI, OHIO
Robert L. King, Jr. CLEVELAND, OHIO
Marvin P. Kolodzik CINCINNATI, OHIO
William H. Krul II DAYTON, OHIO
Louis H. Lauch, Jr. CINCINNATI, OHIO
Jerry P. Leamon COS COB, CONNECTICUT
William E. Lower CINCINNATI, OHIO
Rae Ann Mang NEEDHAM, MASSACHUSETTS
Darrell D. Miller LOS ANGELES, CALIFORNIA
PRESIDENT Rodney M. Grabowski, CFRE CINCINNATI, OHIO
Thomas E. Mischell CINCINNATI, OHIO
Joffre P. Moine II MASON, OHIO
William B. Monnig, MD CRESTVIEW HILLS, KENTUCKY
Shenan P. Murphy CINCINNATI, OHIO
William T. (Troy) Neat CINCINNATI, OHIO
Jacqueline C. Neumann CINCINNATI, OHIO
Valerie L. Newell CINCINNATI, OHIO
Cora K. Ogle, PhD CINCINNATI, OHIO
Michael J. Paxton MOUND, MINNESOTA
Ellen Rieveschl COVINGTON, KENTUCKY
Alvin F. Roehr, Jr. CINCINNATI, OHIO
Ryan M. Rybolt CINCINNATI, OHIO
James A. Schiff, PhD CINCINNATI, OHIO
Michael T. Schueler MAINEVILLE, OHIO
James E. Schwab CINCINNATI, OHIO
Richard C. Seal CINCINNATI, OHIO
Tony L. Shipley CINCINNATI, OHIO
Randall (Randy) E. Smith CINCINNATI, OHIO
John M. Tew, Jr., MD CINCINNATI, OHIO
Myron E. Ullman III MONTROSE, COLORADO
Margaret K. Valentine CINCINNATI, OHIO
Sandra S. Weismann CHEVY CHASE, MARYLAND
Jeffrey P. Williams NEW YORK, NEW YORK
Steven A. Wilson FT. LAUDERDALE, FLORIDA
Gregory C. Wolf DALLAS, TEXAS
Frank C. Woodside III, MD CINCINNATI, OHIO
Wilbert L. Ziegler FT. MITCHELL, KENTUCKY
Anthony Zingale PALO ALTO, CALIFORNIA
EX-OFFICIO TRUSTEES
Robert F. Ambach CINCINNATI, OHIO
Margaret Buchanan CINCINNATI, OHIO
Beverly J. Davenport, PhD CINCINNATI, OHIO
Greer Glazer, PhD CINCINNATI, OHIO
Rodney M. Grabowski, CFRE CINCINNATI, OHIO
Richard J. Harknett, PhD CINCINNATI, OHIO
Lynnette M. Heard WEST CHESTER, OHIO
Sandra Heimann CINCINNATI, OHIO
Teik Lim, PhD CINCINNATI, OHIO
Richard P. Lofgren, MD CINCINNATI, OHIO
Santa J. Ono, PhD CINCINNATI, OHIO
Tina F. Whalen, EdD CINCINNATI, OHIO
TRUSTEES EMERITI
Eugene R. Allspach BELLAIRE, TEXAS
James E. Blakeney DAYTON, OHIO
Henry T. Brown WESTON, MASSACHUSETTS
Clifford H. Coors CINCINNATI, OHIO
Thomas E. Dewey CINCINNATI, OHIO
William H. Dickhoner CINCINNATI, OHIO
John S. Domaschko COVINGTON, KENTUCKY
John B. Goering CINCINNATI, OHIO
Nancy R. Hamant, EdD CINCINNATI, OHIO
James C. Kautz TUCSON, ARIZONA
David M. Lance CINCINNATI, OHIO
Doloris F. Learmonth, Esq. CINCINNATI, OHIO
Eva L. Maddox CHICAGO, ILLINOIS
Jerome P. Montopoli BONITA SPRINGS, FLORIDA
Marjorie Motch CINCINNATI, OHIO
H.C. “Buck” Niehoff CINCINNATI, OHIO
Yvonne C. Robertson CINCINNATI, OHIO
S. Jay Stewart NAPLES, FLORIDA
J. Clay Stinnett BELLEVUE, KENTUCKY
Richard E. Thornburgh NEW YORK, NEW YORK
Woodrow “Woody” H. Uible CINCINNATI, OHIO
Edward W. Wedbush
RANCHO SANTE FE, CALIFORNIA
Jeffrey L. Wyler CINCINNATI, OHIO
= HERSCHEDE SOCIETY
* Listing as of 6/30/16
