UNC Asheville Annual Report 2010-11

2010–2011 UNC Asheville

annualreport

Dear Friends, On behalf of the UNC Asheville community, I want to share my deep gratitude for your support.

Through the generosity of our alumni, parents and friends—our university continues to succeed in our goal of setting the standard for excellence among liberal arts institutions.

Your selfless contributions have provided more than $2.7 million in gifts this past year, and our endowment now stands at more than $27 million. These gifts are critical to UNC Asheville’s continued success, now and in the future. And thanks to you, we are succeeding in so many ways.

This year, the university proudly celebrated the opening of the Wilma M. Sherrill Center, home to the N.C. Center for Health & Wellness, the 3,800seat Kimmel Arena and offices and classrooms for the faculty and students of the Health and Wellness Department—UNC Asheville’s fastestgrowing major. The Sherrill Center, and all that it makes possible, places UNC Asheville as a leader of statewide health and wellness initiatives while complementing the work of our faculty, staff, undergraduate researchers and community partners. Many of you were with us when the UNC Asheville Bulldogs hosted UNC Chapel Hill Tar Heels for the season opener in the Kimmel Arena in November; it was a proud moment for all of us.

UNC ASHEVILLE Anne Ponder Chancellor Jane K.Fernandes Provost and Vice Chancellor for Academic Affairs William K. Haggard Vice Chancellor for Student Affairs

The strength of the university’s liberal arts curriculum—and the value of its affordability— continues to be widely recognized in the college rankings from nationally respected organizations such as Princeton Review, Fiske Guide to Colleges, U.S. News and World Report, and Kiplinger’s Personal Finance Magazine.

According to the Collegiate Learning Assessment (CLA) study, which measures the value added of hundreds of universities from the freshman to senior year, our university’s seniors outperformed 95 percent of seniors from 1,500 other universities.

This data verifies what we have known all along: That UNC Asheville students are well-prepared to become the innovators and leaders of our businesses, institutions and communities.

With your help, we can continue to prepare UNC Asheville students to create the future of our nation, by challenging them with an interdisciplinary education—one that develops their abilities to understand multiple perspectives, think critically, and lead the way. Through your support, the university will have a strong financial foundation to provide exceptional learning opportunities to the state’s most promising students.

Sincerely, Anne Ponder, Chancellor

seniorstaff John Pierce Vice Chancellor for Finance and Operations Janet Cone Senior Administrator for University Enterprises and Director of Athletics

2 UNC ASHEVILLE 2010 –11 ANNUAL REPORT

Christine Riley Chief of Staff Lucien “Skip” Capone University General Counsel

boards

2 010 –11

John M. Blackburn Linville

Dudley E. Flood Raleigh

Franklin E. McCain Charlotte

board of governors

Peaches Gunter Blank Nashville, Tenn.

Paul Fulton Winston-Salem

Charles H. Mercer Jr. Raleigh

R. Steve Bowden Greensboro

Ann B. Goodnight Cary

Fred G. Mills Raleigh

Hannah D. Gage Chair Wilmington

Laura W. Buffaloe Roanoke Rapids

Clarice Cato Goodyear Charlotte

Burley B. Mitchell Jr. Raleigh

Frank Daniels Jr. Raleigh

Charles A. Hayes Raleigh

Marshall B. Pitts Jr. Fayetteville

Bill Daughtridge Jr. Rocky Mount

James E. Holshouser Jr. (emeritus) Southern Pines

Irvin A. Roseman Wilmington

VO L U N TA R Y & A DV I S O R Y THE UNIVERSITY OF NORTH CAROLINA

Peter D. Hans Vice Chair Raleigh Estelle “Bunny” Sanders Secretary Roper

Walter C. Davenport Raleigh

Adelaide Daniels Key Asheville

Priscilla P. Taylor Chapel Hill

G. Leroy Lail Hickory

J. Bradley Wilson (emeritus) Durham

Ronald C. Leatherwood Waynesville

David W. Young Asheville

Al Davis Asheville

David Hammett Fairview

Daniel Scannell Asheville

board of directors

Bob Davis Arden

Harry Harrison Asheville

J.W. Davis Asheville

John Kelso Asheville

John Stevens (Faculty Representative) Asheville

James W. Hegglund Chair Asheville

Charles Frederick Asheville

John Kimberly Asheville

Courtney Galatioto ’12 (Student Government Representative) Asheville

Craig Madison Fairview Kelly Miller Asheville

Rob Tatum (Faculty Representative) Asheville

Mark Gibney (Faculty Representative) Asheville

George Morosani Asheville

Frosene Zeis Asheville

Sally Mundt Asheville

Ex-Officio

Brent D. Barringer Cary Atul C. Bhula (ex officio) Raleigh

UNC ASHEVILLE FOUNDATION INC.

Charles H. Wood Jr. Associate Chair Asheville Michael Andry Asheville Douglas Bailey Asheville Martha Boyd Asheville William Boyum Asheville Guadalupe Chavarria Asheville

John W. Davis III Winston-Salem James M. Deal Jr. Boone Phillip R. Dixon Greenville

Dianna B. Goodman Asheville George Goosmann III Biltmore Forest Alan Grant Asheville

Charles Nesbitt Asheville Shon Norris Asheville

Ronald Storto Asheville David Sweatt Asheville

Anne Ponder, Chancellor John Pierce, Vice Chancellor for Finance & Operations

Kenneth Partin Asheville

2010 –11 ANNUAL REPORT UNC ASHEVILLE 3

VO L U N TA R Y & A DV I S O R Y UNC ASHEVILLE

board of trustees

James R. Buckner ’71 Chair Suwanee, Ga. Nathan Ramsey ’89 Vice Chair Fairview

NATIONAL

parents council Allison Brandy and David Scruggs Co-Chairs Winston-Salem Becky Doyle Asheville Ragan Folan and Mcdara P. Folan, III Winston Salem

Audrey Byrd Mosley ’74 Secretary Washington, D.C. Philip G. Carson Asheville David Cogburn, M.D. ’77 Asheville Joseph Damore Pawley’s Island, S.C.

Marilyn Foote-Hudson and Orlando Hudson Durham Carla and David Greenfield Pittsburgh, Penn.

José-Marie Griffiths and Don King Chapel Hill

boards Courtney Galatioto ’12 (Student Government Association President) Asheville

Pat Smith Asheville

Sue H. McClinton Asheville

Pamela M. Turner Asheville

Virgil L. Smith Arden

Douglas Orr Jr. Black Mountain Bruce Peterson Fletcher

Lisa Morse Asheville

Ex-Officio

Lydia and Baker Ndugga Chapel Hill

William K.Haggard, Vice Chancellor for Students Affairs

Obiageli and Joel Okoli Snellsville, Ga. Maria U. Palmer Chapel Hill

Lisa Isenhour Hickory

Pam and King Prather Cary

Joyce Watkins King and Gary King Raleigh

Robin and Michael Smith Chapel Hill

Kip Meadows Raleigh

2 010 –11

Jamie and Joseph Young Morganton

Anne Ponder, Chancellor

Kimberly Newsome, Associate Vice-Chancellor for Student Affairs Mary Chakales, Director of Special Programs Julie Heinitsh, Director of Development

Joseph M. Beckert ’88 Charlotte

Tarik Glenn ’06 Asheville

Ex-Officio

Jason L. Boyles ’01 Charlotte

Steve A. Green ’01 Asheville

Kevan D. Frazier ’92, Alumni Director

Athena Fox Brooks ’88 Fletcher

Neal D. Rhoades ’86 Raleigh

Ann Cagle ’86 Rock Hill, S.C.

Betty Jones Seifert ’83 Cornelius

Derek J. Allen ’93 Asheville

R. Wiley Cash ’00 Bethany, W.Va.

Myra Sims ’81 Abingdon, Va.

Tiffany Armstrong ’99 Garner

Jasmin M. Gentling ’99 Asheville

B. Smith Thomas ’73 Lawrenceville, Ga.

Barbara A. Baker ’71 Durham

Cerise Glenn ’99 Greensboro

NATIONAL

alumni council James C. Carter ’00 Chair Asheville

4 UNC ASHEVILLE 2010 –11 ANNUAL REPORT

Anne Ponder, Chancellor

endowedfunds

2 011

$ 27, 8 0 6 , 575

28

27.8

26

25.6

24 20

Amount in Millions

23.9

23.6

22

21.8

19.5

7.1

18 16.7

16

14.8

14

13.6

12

9.2 7.5

6.1

7.3

14.9 5.6

13.1 5.4

10

5.4

4.7

4.5

9.4 01

8.9 02

8.6 03

8

5.1

6 4 2 0

9.8 04

11.3 05

17.5 07

18.5 08

14.5 09

16.4 10

18.6 11

UNC Asheville

UNC Asheville Foundation Unaudited figures for 2010–11 Source: University Controller

alumnisuport

$ 2 0 9, 6 41

$661,941

2 011

13.9 06

$700,000 600,000

$209,641

$275,461

$179,640

04 11%

$265,488

03 14%

$162,762

200,000

$142,638

300,000

$133.951

400,000

$133,712

Amount

500,000

100,000 0 Participation:

Unaudited figures for 2010–11

05 9.3%

06 5.63%

07 9.5%

08 8.3%

09 7.3%

10 6.3%

11 7.0%

2010 –11 ANNUAL REPORT UNC ASHEVILLE 5

2 011

waysofgiving

$ 2 , 710, 774 .2% IRA Gifts

5% Planned & Estate Gifts Matured $137,492

$5,218

4% Value of Gifts-in-Kind $109,248 36% Cash & Cash Equivalents $980,636

0% Value of Real Estate $0 51% Pledge Payments $1,382,361

2% Deferred Gifts $46,742 2% Stocks and Securities $49,077

Looking Ahead... $10,581,045 — Value of multi-year pledge gifts to be fulfilled in the future $3,017,304 — Total estimated value of estate and planned gift commitments that will be realized in the future

wheredogiftscomefrom?

2 011 2 0 0 9

$ 2 , 710, 774

2005–06 2006–07

2007–08

2008–09 2009-2010 2010-2011

Alumni

$142,638 $265,488

$162,762

$179,640

Parents Other Individuals Trusts

$52,660 $549,920 $2,184,150

$1,117,877

†

†

$275,461 $209,641

$79,617 $122,482 $105,763 $73,178 $1,534,945

$1,954,705

$512,788

$477,549

† $2,945,208 $232,046 $130,310

Foundations

$280,750 $235,450

Corporations

$329,014 $303,939 $1,005,255 $691,802 $752,992 $264,649

Government

†

Religious Organizations $1,500

†

$853,115 $1,926,587 $1,251,904 $1,508,829

$253,800 $1,500,050

$0

†

$1,550

$1,284

$900

$1,080

$1,800

$57,865

$733,071

$698,558

$29,180

$77,859

$44,818

Total Outright Gifts $3,048,577

$3,207,295

$4,589,336

$9,350,554

Other Organizations

6 UNC ASHEVILLE 2010 –11 ANNUAL REPORT

$3,209,893 $2,710,774*

Unaudited figures for 2010–11 Source: Cumulative Fundraising Report * Reporting per CASE standards †Category funding not reported this year

operatingexpenses

2 011

$ 82 , 02 8 , 76 8

4.5% Student Services $3,819,400 5.5% Academic Support $4,532,241

15.5% Auxilliary Expenses $12,743,590

6.5% Public Services $5,469,098

5.5% Depreciation $4,380,507 8% Financial Aid $6,548,372

2% Research $1,675,779

10% Operations and Plant Management $8,356,236

31.5% Instruction $25,736,533

11% Institutional Support $8,767,008

2010–11 figures audited by N.C. State. Source: University Controller Total commitments include outright giving, planned giving (including wills) and outstanding pledges

2 011

revenuebysource

3.5% Investments and Other $3,532,985 4% Operating Grants and Contracts $3,997,173

$ 101,110, 471

11% Non-capital Gifts and Grants $11,075,078

9.5% Sales and Services, net $9,583,282 17% Tuition and fees, net $17,311,412

38% State Appropriations $38,524,091

17% Capital Gifts and Grants $17,086,447

2010–11 figures audited by N.C. State Source: University Controller 2010 –11 ANNUAL REPORT UNC ASHEVILLE 7

2 011

wheredogiftsgo?

$ 2 , 710, 774 4% Unrestricted $113,552 3% Restricted $75,620

3% NC Center for Health & Wellness $75,069 1% NC Center for Creative Retirement $31,520 7% Athletics $183,684 2% Academics $53,359 50% Buildings and Equipment $1,360,717

14% Non-scholarship Endowment $387,033

16% Financial Aid $430,220