UCF Foundation, Inc. - Annual Report 2022

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2 | UCF Foundation, Inc. ANNUAL REPORT 2022

Meet Rodney M. Grabowski, CFRE UCF’s New Senior Vice President for Advancement & Partnerships and CEO, UCF Foundation, Inc.

Grabowski joined the UCF family in September, after serving as the vice president for university advancement for the University at Buffalo, the flagship school in the State University of New York (SUNY) system. There, he oversaw the institution’s fundraising enterprise, alumni engagement and key relationship-building through marketing and strategic communications.

“Rod has an incredible track record of success in fundraising, university advancement, and in fostering the connections and relationships necessary to fuel the success of a 21st-century university,” says UCF President Alexander N. Cartwright. “Our new strategic plan is clear that we must find new sources of philanthropy and develop new partnerships to fuel our efforts to unleash the potential of our students, faculty and community and tell the story of UCF more broadly. I am grateful Rod has chosen to come to UCF and lead this effort on our team.”

Grabowski has more than three decades of nonprofit and advancement experience, including extensive experience in Florida’s state university system and in healthcare philanthropy. Under his leadership, the University at Buffalo surpassed its $650 million goal a year early and has raised over $890 million toward an extended goal of $1 billion — an effort boosted by back-to-back record-setting years for the university. He is a national leader in the use of artificial intelligence, data-driven strategy and innovative management strategies.

“I am deeply impressed with the excellence that exists at UCF and by the potential there is to accomplish even more for the students and the institution,” Grabowski says. “I am looking forward to working with President Cartwright, faculty and staff, donors and volunteers to build a ‘best in class’ organization that advances and supports the work of this outstanding university.”

As UCF pursues the bold vision and goals outlined in its new strategic plan, Grabowski will lead the Division of Advancement and Strategic Partnerships. The new division will foster a holistic, comprehensive approach to the university’s engagement that includes fundraising, partnership and marketing efforts. UCF hopes to strengthen connections that result in meaningful and fruitful relationships to enhance our impact and new sources of revenue, fueling our excellence and unleashing the potential of our students, faculty and community.

UCF Foundation, Inc. ANNUAL REPORT 2022 | 3


Fiscal Year 2022 saw the second-highest giving year ever, with more than $76 million in philanthropic gifts to UCF.

The UCF Challenge — the university’s co-investment program created to leverage the 2021 $40 million transformational gift from philanthropists MacKenzie Scott and Dan Jewett — raised $10.4 million.

Student philanthropists — current students who make gifts to support the university — numbered 2,500, setting a new student-donor record.

More than 10,000 UCF Athletics donors supported our studentathletes, and a new 10-year multimillion-dollar sponsorship by FBC Mortgage to name the stadium will run through the 2031 season.

More than 25,000 alumni gave back to their alma mater in Fiscal Year 2022.

Thanks to a record-breaking UCF Day of Giving, more than 4,400 donors raised $3.7 million in a 24-hour period to support a wide range of important student programs and scholarships.

Knights! Charge On!

Thank you
for your support!
4 | UCF Foundation, Inc. ANNUAL REPORT 2022


Philanthropic Highlights & Points of Pride


Limbitless Solutions Moves into New Facility on its 7-Year Anniversary

The new facility triples Limbitless Solutions’ space with a dedicated manufacturing area, enlarged K-12 outreach section and enhanced student collaboration zone.

Keck Foundation Awards UCF $1 Million Grant

The gift supports a project led by UCF College of Optics and Photonics faculty Ayman Abouraddy and Demetrios Christodoulides, which builds on their work developing space-time wave packets.


UCF Invited to Join Big 12 Conference

The move to the Big 12 in 2023 will make UCF the youngest school among the Power 5 conferences. It will raise the university’s national profile and expand opportunities for Knights to compete at the highest level.

UCF Wins Grant to Support NASA’s Artemis Program

The grant means more under represented students will have the opportunity to work with engineering, physics and medical faculty experts to develop innovative technologies critical for advancing space exploration.


UCF Breaks into Top 10 Best Online Schools with No. 7 Ranking — Best in University’s History

UCF consistently rises in the U.S. News & World Report rankings, earning recognition among the best universities in the country.

Cheer Team Places 5th, Dance Team 7th at 2022 Nationals

The program has placed in the top 10 of the College Cheerleading National Championships 27 times in the last 28 years.


Ginsburg Family Foundation Awards $5 Million Gift to Foster Inclusion

The support will help UCF pioneer inclusive excellence so every student can earn success, guided by world-class faculty in a culture rooted in innovation, entrepreneurship and compassion.

UCF Receives Military Friendly Silver Award for 2022-23

Military-friendly schools help to ensure smooth transitions from the military to university study and civilian careers. There are about 1,400 current studentveterans at UCF and there are a range of services, including the Veterans Academic Resources Center, offered to support them.

6 | UCF Foundation, Inc. ANNUAL REPORT 2022

July 1, 2021 – June 30, 2022


UCF Earns National Certification as a Top Institution for Latino Students

The Seal of Excelencia recognizes effective and intentional institutional practices that create an environment where Latino students can thrive.


Florida Power & Light and GE Digital Launch New Lab for Engineering Students

The Microgrid Control Lab, which is co-sponsored by Florida Power & Light (FPL) and GE Digital, is a state-of-the-art research facility that features control-center equipment and software that students can use to simulate and test real-life grid control operations, including finding ways to optimize and secure the grid of the future.

Knights Win Gasparilla Bowl

The UCF Knights defeated UF Gators 29-17 in the 2021 Union Home Mortgage Gasparilla Bowl. The win marked UCF’s 50th win in the last five seasons and is UCF’s third bowl victory since 2017 — the most of any team in the state.

Giving Tuesday Donors Set a New Record

UCF’s best Giving Tuesday raises more than $1.16 million. The funds will benefit a range of areas that support student success, social mobility and innovative research.


Helios Education Foundation and UCF Invest $3.25 Million in New Downtown Scholars Initiative

This philanthropic partnership between Helios and UCF launches the UCF Downtown Scholars Initiative (UCF DSI) to create new pathways to success at UCF for qualified students at Jones, Evans and Oak Ridge High Schools.

Princeton Review Names UCF Among Nation’s 2022 Best Value Colleges

The organization considers factors such as affordability, low student debt, graduation rates and job placement efforts when making its selections. UCF ranks 49th amongst all public universities.


$75K Contribution from Duke Energy Florida Helps Foster Future Leaders of Engineering and Computer Science

The funds will be used in priority areas in UCF’s College of Engineering and Computer Science, such as the Engineering Leadership and Innovation Institute (eli2) and Senior Design Boot Camps.

Knights Advance to World Finals at 2022 North America Collegiate Programming Contest

The “battle of the brains” contest challenges teams of university students to solve 13 complex, real-world problems with a fivehour deadline. UCF has been among the best in the nation in this competition for more than 40 years.

Sharon and Marc Hagle Commit More Than $5 Million to UCF Athletics

The commercial developers and philanthropists’ commitment will help transform the football campus as UCF moves into the Big 12 Conference in July 2023. It is the largest cash pledge commitment ever by an individual or couple for UCF Athletics.

UCF RESTORES Receives $1.4 Million to Expand Support, Suicide Prevention Training for First Responders

The award from the Florida Department of Children and Families establishes UCF RESTORES — a leading non profit clinical research center and trauma treatment clinic that houses the National Center of Excellence for First Responder Behavioral Health — as one of only six regional support centers in Florida offering free resources to first responders in need.

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New Endowed Funds Fiscal Year 2022

Endowment gifts are vital to UCF’s pursuit of excellence and growing the endowment pool is a key priority of UCF Advancement. Because they are invested in perpetuity, such gifts represent a relatively stable source of funding that is largely unaffected by fluctuations in state support, tuition revenue and non-endowment giving. We salute the donors who established endowed funds in Fiscal Year 2022 to benefit UCF and its students.

Alan and Linda Gooch Endowed Scholarship Fund

Atley Exceptional Education Endowed Scholarship Fund

Barry Miller Family Excellence in FinTech Endowment Fund

Barry Miller Family First Generation Scholarship Endowment Fund

Barry Miller Family Knights Leadership Academy Endowment Fund

Barry Miller Family Women in STEM Endowment Fund

Bridgette Yee Baten ’87 Scholarship for Medical Lab Sciences Fund

Charles & Jane Cho Endowed Fund for Diversity/Equity in Accounting Charlie Lousignont Endowed Scholarship Fund

Charron-Nawrocki Athletics Scholarship Fund

Christina (Bordonaro) ’92 & Bill Martin Endowed Marketing Scholarship

Cipparone Family Foundation M.D. Scholarship Endowed Fund

Clay Newbill ’82 Family Cheerleading Endowed Scholarship Fund

CREOL Hispanic Endowed Scholarship Fund

David Cassidy Memorial Athletic Training Endowed Scholarship

Dorothy M. Gillespie Endowment for the Arts at UCF Fund

Downtown Scholars Initiative Endowment

Dr. Barbara Truman Memorial Endowed Scholarship Fund

Dr. Gordon Chavis First-Generation Endowed Scholarship

Dr. Joby Anthony Scholarship

Dr. Richard R. Adicks, Jr. Memorial Scholarship for English Education Fund

Dr. Roseann White Endowed Memorial Scholarship Fund

The Emerging Scholars Endowed Award Fund

Frank and Ann Belle Memorial Endowed Scholarship

Frank & Etta Jean Juge Endowed Community Engagement Fund

The Ginsburg Family Endowment Fund

Harris Rosen Unrestricted Quasi-Endowed Fund

Hirapara Enriching Audiology Resources (HEAR) at UCF Endowed Fund

Howard & Mary Giurich Endowed Percussion Scholarship Fund

“I’m in.” Mentorship Fund Invincible Knights Fund

Irene McNutt Endowed Scholarship in Accounting Fund

Jennifer Adicks Harnage Memorial Scholarship for Communication Sciences and Disorders Fund

Jenny Reimold Endowed Scholarship

Jeri Spriggs Endowed Scholarship Fund

The Jonathan & Nancy Wolf Endowed Fund for Global Dialog

Joyce DeGennaro Memorial Endowed Scholarship

Kayak Friends and Family Endowed Scholarship Fund

The Kimberly R. Stewart Endowed Scholarship in Support of African American Women Fund

L.A. Lee Family Endowed Scholarship Fund

Lars and Diane Eriksson Endowed Scholarship Fund

Mark Plaumann & Marilyn Wilson First-Generation Endowment Scholarship

Michael ’76 & Cynthia Shannon First-Generation Endowed Scholarship Fund

Mike Murray Make a Difference Scholarship Fund

Monica and John T. Rivers Scholarship Fund

Nair Endowed Scholarship

Nam Ho Golden Door Endowed Accounting Scholarship

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Nancy F. Urbano Endowed Nursing Scholarship Fund

Odess Family Endowed Scholarship

Patricia Angley Endowed Memorial Scholarship in English Fund

Patricia Atkinson Memorial Endowed Scholarship Fund

Providing Autism Links & Support (PALS) Scholarship Fund

Richard & Janet Van Slyke Endowed Scholarship Fund

Richard Lapchick Endowed Sport & Social Justice Legacy Award

Robert D. Merendino Memorial Wine Scholarship Fund

Ron & Debbie Dunham Endowed Percussion Scholarship Fund Social Mobility Fund

Sodhi Family Endowed M.D. Scholarship Fund

Stanley C. Horton Endowed Professorship in Business Ethics Fund

Stephen H. Goldman Endowed Fund

Tandreia Bellamy Women in STEM Endowed Scholarship Fund

Temple Shalom of Deltona Endowed Scholarship in Judaic Studies Fund

Thomas & Jeanne Moran Endowed M.D. Scholarship Fund

Troy Driggers Music Endowed Scholarship

UCF Panhellenic Empowerment Endowed Scholarship Fund

Wetherill Family Student-Athlete Business Scholarship Fund

To learn more about establishing an endowment at UCF, contact us at 407.882.1220 or foundation@ucf.edu

10 | UCF Foundation, Inc. ANNUAL REPORT 2022 2022 Financial Highlights (July 1, 2021 – June 30, 2022) $76,059,840 Total gifts and commitments (includes cash gifts, pledges, securities, gifts-in-kind, planned gifts) 202,846 Number of gifts 46,782 Number of donors ENDOWMENT PERFORMANCE FINANCIAL POSITION (As of 6/30/22, in millions) Cash and investments $305 Property $128 Receivables and other assets $151 Total assets $584 Outstanding debt $64 Payables and other liabilities $117 Total liabilities $181 Net assets $403 UNIVERSITY SUPPORT Expenses incurred on behalf of the university, by fiscal year, in millions 10 20 30 40 FY21FY20FY19FY18 FY22 2022 Audit Results: This fall, the UCF Foundation received an unqualified audit opinion from independent, external auditors. The UCF Foundation has a deep commitment to proper internal controls and safeguards of financial assets, as well as effective stewardship of the gifts entrusted to us. All figures for charts were rounded to the nearest full number. DESIGNATED PRIORITIES 1% 30% 50% 20% No Designated Priority Academic Excellence Student Success Growth & Opportunity DESIGNATED USE 3% 15% 72% 11% TBD Endowment Facilities & Equipment Current Operations DONOR CLASSIFICATION 4% 25% 21% 30% 20% Organizations Alumni Corporations Foundations Friends $27.96M $34.69M $25.67M $25.84M $27.2M ASSET ALLOCATION 4% 9% 18% 7% Private Debt Domestic Equity International Equity Fixed Income Hedge Funds 16% Private Equity 8% Real Estate Real Assets 6% Cash 1% 1% 34% Fiscal Year-to-Date -8.52% -8.11% 5.87% 6.18% 7.33% 7.17% Last Three Years Last Ten Years PERFORMANCE Endowment Pool Benchmark

UCF Foundation Board of Directors

Members of the UCF Foundation Board of Directors give generously of their time, their expertise and their resources to advance the University of Central Florida. The following directors served through Fiscal Year 2022. A current board roster is available at https://ucffoundation.org/board/


Carrie Daanen ’92, Chair

Brian Butler, Vice Chair

Roslyn Smith Burttram P’20, Vice Chair

Eva Tukdarian ’90 ’91MS, Treasurer

Dana Patton ’93, Secretary

John Euliano H’18, Immediate Past Chair


Sara Bernard ’00

Jessica L. Blume ’80

Clint Bullock ’95

Rick Cardenas ’92

Loretta Corey H’17

Catherine McCaw-Engelman

Barry Forbes ’86

James Harhi ’97

Stuart Heaton

Michael Hinn ’92

Gideon J. Lewis ’00, PA

Diane Mahony ’96 ’01MEd ’14EdS

Chris Marlin ’94

Marc McMurrin ’01

Thomas McNamara ’88

Kevin Miller

Mary Beth Morgan

Dianne Owen ’93

Mark Plaumann ’74 ’79MBA

Christopher Tomasso ’93

Joyce W. Virga ’98

Kevin Wydra ’92

UCF Alumni Board


Matt Assenmacher ’93

Michael Johnson

John Miklos ’92


Judy Albertson HC’14

James T. Barnes Jr.

R. Van Bogan

Olga M. Calvet ’71

Peter Dagostino

Alan G. Fickett ’71

Manuel A. Garcia III

J. Charles Gray HC’16 Michael J. Grindstaff ’78 Gerald F. Hilbrich

John C. Hitt H’17

Phyllis Klock HC’14

Deborah J. Komanski ’79

Rita A. Lowndes H’19

Michael Manglardi ’84

Gerald R. McGratty ’71

Anthony J. Nicholson HC’17

Richard A. Nunis HC’96

Margery Pabst Steinmetz H’20

Roger W. Pynn ’73 Rick Walsh ’77

AI R. Weiss ’76 Nelson Ying Thomas Yochum


UCF Board of Trustees

The UCF Board of Trustees sets policy and serves as the university’s legal owner and final authority responsible for efficient and effective use of resources. The following trustees served through Fiscal Year 2022. A current board roster is available at bot.ucf.edu.

Alexander J. Martins ’01MBA, Chair

Harold F. Mills, Vice Chair

Tiffany A. Altizer ’90MS

William J. Christy ’86

Jeffrey S. Condello

Joseph D. Conte

Digvijay “Danny” L. Gaekwad Stephen J. King Daniella M. Lopez

Caryl C. McAlpin ’77

John Miklos ’92

Michael A. Okaty ’96

Beverly J. Seay H’18

The UCF Alumni Board formulates and executes strategies and programs that build a culture of service and philanthropy among UCF’s alumni. The following members served through Fiscal Year 2022. A current board roster is available at ucfalumni.com.


Matt Assenmacher ’93, Chair

Linh Dang ’93, Chair-elect Chair, Directorship Committee

Dan Ward ’92, Immediate Past Chair

Kyle Simpson ’11, Treasurer Chair, Philanthropy Committee

Woody Walker ’92 ’94MBA, Secretary

Christine Wydra ’93 Chair, Engagement Committee

Carrie Daanen ’92 Chair, UCF Foundation Board of Directors

Carol Hendren ’96 ’99MS Chair, Advocacy Committee


Doug Anderson ’93

Drew Belani ’05 ’17MS

Michelle Bilsky ’15

Todd Bryant ’07

Michael Cantrell H’21

Patricia Celano ’10MSN

Mish Clark ’95

Angela Cohen ’98

Michele Engle ’88

Crystal Espinosa Buit ’06

Commander Paul S. Fermo ’92

Kristin Hahn ’94

Kurt Halls ’93

Manish Hirapara ’98

JJ Mackle ’00MA

Victoria Manglardi ’08

Britt Massing ’93

Mason Moore ’97

Davia Moss ’93 ’09MPA

Amy Rettig ’89

Al Sarabasa ’85

Alireza Shahnami ’81 ’95MSEE

Melissa Tomasso ’94

Ryan Vescio ’02

Cortez Whatley ’13

Shawn Young ’99

UCF Foundation, Inc. ANNUAL REPORT 2022 | 11
12424 Research Parkway, Suite 250 Orlando, Florida 32826-3208 407-882-1220 UCFFoundation.org UCF Foundation, Inc. is a 501(c)(3) nonprofit organization
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