UCF Foundation, Inc. 2010-2011 Annual Report

U N I V E R S I T Y O F C E N T RA L F LO R I DA

U C F F O U N D AT I O N , I N C . • 2 0 1 0 – 2 0 1 1 A N N U A L R E P O R T

WE COULDN’T DO IT WITHOUT

U N I V E R S I T Y O F C E N T RA L F LO R I DA

U N I V E R S I T Y

O F

C E N T R A L

F L O R I D A

C R E E D

I will practice and defend academic and personal honesty.

I will cherish and honor learning as a fundamental purpose of my membership in the UCF community.

I will promote an open and supportive campus environment by respecting the rights and contributions of every individual.

I will use my talents to enrich the human experience.

I will strive toward the highest standards of performance in any endeavor I undertake.

2010-2011 ANNUAL REPORT

Without you, the stories on the following pages couldn’t be told. With you, there are more stories to tell than this report can accomplish. A great university is the sum of its people—those who teach, those who learn and those who make all of it possible. To the 15,930 donors, including alumni, friends, parents, companies, foundations and benefactors who make UCF what it is, we say two words we can never say often enough: Thank you.

U N I V E R S I T Y O F C E N T RA L F LO R I DA

TONYA TOLSON MARIBETH EHASZ

Vice President, Student Development and Enrollment Services 2011 Campaign Co-chair and Campaign Supporter

Associate Director, UCF Foundation, Inc. 2011 Campaign Supporter

RICHARD SLOANE

Director, Community and College Relations, College of Education 2011 Campaign Kickoff Master of Ceremonies and Campaign Supporter

FACULTY & STAFF CAMPAIGN

2010-2011 ANNUAL REPORT

BRANDON WILLIAMS

Coordinator, Strategy, Marketing, Communications and Admissions 2011 Campaign Volunteer and Campaign Supporter

JOSÉ FERNÁNDEZ

Dean, College of Arts and Humanities 2011 Campaign Co-chair and Campaign Supporter

KATHY COOK

Instructor, Legal Studies 2011 Campaign Volunteer, Campaign Kickoff Speaker and Campaign Supporter

hey are administrators and administrative assistants, provosts and professors, cooks and coaches. They work inside and outside of classrooms. They dedicate their minds and daily lives to UCF, and last year 1,074 of them went one step further, giving more than $547,000 to the 2010–11 Faculty and Staff Campaign. That’s 23 percent participation overall. Their generous contributions surpassed the campaign’s original goal by more than $100,000. There is power in numbers, but the real power is in the example they set and the pride they show. Faculty and staff are making a difference, not just in what they do, but in the generosity they share in support of UCF’s most urgent needs.

U N I V E R S I T Y O F C E N T RA L F LO R I DA

2010-2011 ANNUAL REPORT

CRISTINA CALVET-HARROLD

iving back was never an if, but a when for

to do everything in my power to help UCF

Cristina Calvet-Harrold (’01).

be the best it can be,” she says.

UCF is a family legacy for Cristina. Her mother,

UCF’s young alumni are taking on prominent

uncle and husband are also graduates, and she

roles in industry and donating their time to

thinks giving back is in her DNA. “My mom and

alumni boards and chapters. Alumni who serve

my uncle always spoke highly of UCF as I was

as leaders assist UCF in expanding not just

growing up,” she says. “It was only natural for me

its reputation, but also its resources.

to want to continue their legacy.”

Proud to wear black and gold, Cristina is

Cristina is one of thousands of young alumni

prouder still to see her alma mater soaring

who want current and future Knights to have the

to new heights.

strongest education possible. “I see it as my duty

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ELIZABETH MORSE GENIUS FOUNDATION t’s no secret that there is a shortage of nurses in the U.S. Less known is the challenge of getting nurses to consider academic careers. The Elizabeth Morse Genius Foundation has partnered with the UCF College of Nursing to help address that issue.

The Hugh and Jeannette McKean Endowed Chair in Nursing was established to support a national nurse leader committed to mentoring future nurse educators. And The Hugh and Jeannette McKean Endowed Scholarship is now available to nursing students who wish to become teachers.

Lifelong supporters of higher education, the late Hugh and Jeannette McKean were committed to enriching the lives of Central Floridians in enduring ways. The Elizabeth Morse Genius Foundation, named in honor of Jeannette McKean’s mother, continues their charitable work.

The Genius Foundation contributes generously to organizations that work to solve community challenges, and its support of health care in the region dates back to the 1950s.

Says Jean D’Meza Leuner, dean and professor of the College of Nursing, “The Genius Foundation’s foresight and passion for helping combat the nursing shortage—both from an immediate need and future need perspective— has been an amazing tribute to the McKeans and an innovative approach to solving a community challenge through philanthropy.”

2010-2011 ANNUAL REPORT

“The Genius Foundation’s foresight and passion for helping combat the nursing shortage has been an amazing tribute to the McKeans and an innovative approach to solving a community challenge through philanthropy.”

Christopher W. Blackwell, Ph.D., ARNP, ANP-BC, CNE Assistant Professor, UCF College of Nursing Advanced Registered Nurse Practitioner Certified Nurse Educator

U N I V E R S I T Y O F C E N T RA L F LO R I DA

Athletics

2010-2011 ANNUAL REPORT

THOW FAMILY OPERA FOR YOUNG AUDIENCES ENDOWMENT owerful. Well-trained. Focused. Ron Thow

House Networks Stadium was the first of many

(’93), is used to hearing those words. They

generous gifts Ron and his wife, Carolyn, have

chased around inside his head every time he took

given. Since then, they’ve donated to the Jay

the field as a UCF fullback from 1989–92. Now

Bergman Field expansion project and, of course,

he uses those adjectives to describe something

the opera program.

a little different.

“When you look at what UCF has built from a

“Opera parallels athletics in that it demands hard

sports standpoint, baseball is so far behind,”

work and dedication,” said Ron. “Athletes may be

Ron said. “It’s the appropriate time to call people

more physical, but you still have to prepare and

into action and get the stadium to a place where

commit a great deal of time and effort. You can see it at a performance or at a game. If you’re not prepared, it shows.”

“ Opera parallels athletics in that it demands hard work and dedication.”

The New York native

these kids can be proud.

They’re good kids and they deserve it.”

Supporting athletics is a natural fit for Ron, but opera? “La traviata was

moved back home shortly after graduating and

the first performance I saw,” Ron said. “I was told

hadn’t been back on campus until 2006 when he

I’d love it or hate it, but to keep an open mind.

was contacted about helping provide the Knights

I loved it and have been a fan since.”

a home stadium. Lending their support to Bright

“My wife and I wanted to find a common philanthropic interest,” said Ron. “She taught me

Left to right: Junior Ryan Breen, Junior D.J. Hicks, Ron Thow, Senior Gabriella Otero

the value of supporting charities, especially those that directly impact less fortunate children.” They found a common interest when they established the Thow Family Opera for Young Audiences Endowment. This endowment benefits UCF’s Opera outreach program, which takes the opera to schools in the community.

DR. HENRY DANIELL

r. Henry Daniell does more than dream about

Bill & Melinda Gates Foundation, who awarded

eradicating the world’s top 10 diseases.

him a grant to continue his groundbreaking

He has spent the last 20 years genetically splicing

research in needle-free vaccines.

tobacco and lettuce plants to grow vaccines that

Daniell is one of many researchers at UCF who

are cheaper and easier to make than traditional

are unlocking secrets not only in the medical

vaccines that treat diseases like polio. He is also tirelessly working on cures for Type I diabetes and hemophilia.

His work has captured the attention of others who share his goals, like leaders at the

field, but also in optics and lasers, simulation and training, computer science, alternative energy and education. From 2000 through 2010, researchers at UCF contributed more than $1 billion to the regional economy.

In 2011, UCF joined universities such as Harvard, Johns Hopkins and Stanford in the Carnegie Foundation for the Advancement of Teaching’s top tier as a university with “very high research activity,” and in one of the highest-profile examples of UCF’s growth in commercializing technology, the strength and economic impact of the university’s patents were ranked third in the nation by IEEE, the world’s leading association for the advancement of technology.

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BERT & TILLIE HOOD ert and Tillie Hood watched from afar as their local university was transformed from a vast expanse of undeveloped land in East Orlando into a powerhouse. As UCF grew, so did their respect for its power to change the lives of people in their community.

After four decades of quietly admiring its progress, the Hoods reached out to UCF and, without fanfare, announced that they planned to name the university as the sole beneficiary of their estate. Although their generosity might have taken some by surprise, it was not a decision they came to impulsively. “We believe in education. We believe in UCF. Although we never had children, we always knew we wanted to support students at our local university,� says Bert.

With their planned gift, the Hoods have established an endowed scholarship fund that will be available to students pursuing any area of study at UCF and will exist in perpetuity.

No longer watching from afar, Bert and Tillie are now profoundly connected to UCF and the generations of students whose lives will be transformed by their commitment to education.

2010-2011 ANNUAL REPORT

U N I V E R S I T Y O F C E N T RA L F LO R I DA

2010-2011 ANNUAL REPORT

MORGRIDGE INTERNATIONAL READING CENTER orty-two million American adults cannot read this story.

John and Carrie Morgridge want to change that. Their generosity and passion for reading education became the Morgridge International Reading Center (MIRC), a oneof-a-kind information and learning hub that will advance literacy through partnership and shared research.

While there is no shortage of information about reading strategies, sorting through it all and figuring out what works is a major challenge. MIRC’s collection of widereaching research discoveries and best practices makes the center the premier resource for finding solutions to literacy issues. “The center draws on and shares the work, knowledge and expertise of many to better serve educators,” says Enrique Puig, the center’s director.

The center’s Millennium Gallery—with its state-of-the-art videoconferencing screens— will enable teachers and scholars worldwide to collaborate virtually and learn new technologies that will transform their classrooms.

One billion children and adults—approximately 15 percent of the world’s population— lack basic literacy skills.

Through MIRC, UCF is taking the lead on improving those statistics. The task of tackling the world’s literacy problems is daunting, but exciting—especially to John and Carrie Morgridge. Says Carrie, “We’re growing, inventing and creating. We are thrilled about our investment in UCF.”

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VETERANS COMMEMORATIVE SITE n the heart of the UCF campus, an American flag soars 80 feet above the ground. The flag rises up from the Veterans Commemorative Site, a tribute to the dedicated service and sacrifices of all veterans of the United States Armed Forces.

Originally proposed by then-student Evelyn Tonn (’07), as a plaque to be hung on a wall in the Student Union, Tonn’s vision evolved into a cast-bronze circle surrounding the flag, with five Carrara marble replicas of the Army, Air Force, Navy, Marine Corps and Coast Guard seals, representing the military services working together to protect the nation.

UCF Vice President Al Harms, a retired Navy vice admiral, knows that having a site like this on a college campus makes a powerful statement. He also appreciates the outstanding community support that made it possible. The project was funded entirely by private donations.

“How special that a university would make the effort to have a meaningful tribute to veterans,” he says. “It makes me truly proud not only to be a veteran, but even more so to be associated with a school that recognizes these contributions.”

Neil Euliano supported the memorial, but he insisted that the thanks go to his personal heroes, veterans like Lieutenant Colonel Earle Denton, Brigadier General Bill Carlson, Navy Chaplain Dick Black, Colonel Joe Kittinger and Sergeant Bill Coleman.

“All were distinguished members of the United States military. All were wounded in combat. All were honored for their sacrifices for their country. All have been extremely active in the Central Florida community. They are far more deserving than I,” he says.

Indeed, Euliano’s wishes reflect the spirit of the commemorative site itself: putting others before self for the good of all.

2010-2011 ANNUAL REPORT

“How special that a university would make the effort to have a meaningful tribute to veterans.”

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SARINA AMIN t’s 4 a.m. and third-year medical student Sarina Amin is starting her general surgery rotation shift at Florida Hospital, where she’ll be for the next 30 hours.

Thanks to the generosity of more than 100 donors, Amin—who received her scholarship from the Edyth Bush Charitable Foundation—is one of 41 students in the UCF College of Medicine’s charter class who received a full, four-year scholarship. It was a first for any medical college in U.S. history. The availability of those scholarships set the bar high for the quality of first-year students—4,300 applications were received for the 41 spots.

Vice President for Medical Affairs and College of Medicine Dean, Deborah German, M.D., understands the huge impact scholarships have on the students and the college.

“It is quite something to give students a chance to dream big, as well as the means to achieve that dream,” she said.

“This is Orlando. We dare to dream big here and then make it happen.”

Amin enjoys performing procedures in the operating room as part of her clinical rotations and knows the opportunities that she has now will help inform her choices about a future area of specialization.

The UCF College of Medicine, along with the UCF Burnett School of Biomedical Sciences, is an integral part of the growing medical city at Lake Nona, which includes Nemours Children’s Hospital, the MD Anderson Cancer Center, the VA Medical Center and the Sanford-Burnham Medical Research Institute. This life sciences cluster is projected to generate more than $7 billion in annual economic activity, as well as 30,000 jobs.

2010-2011 ANNUAL REPORT

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GEORGE AND SANDRA JACKSON FUND FOR CIVIC ENGAGEMENT or many children, college is just a word they’ve heard. Not so for 500 local fifth-graders who participate in Achieve a College Education (ACE) Day at UCF. The day is a game changer for the 10- and 11-year-olds who become college students for a few hours. The effect of the program can be profound on the students who attend and meet the Burnett Honors College freshmen who mentor and teach them. And, the students aren’t the only ones affected.

ACE made such an impression on UCF parent Sandra Jackson that it moved her to create the George and Sandra Jackson Fund for Civic Engagement. “The ACE program plants the seed.

If you set goals and work hard to achieve them, you, too, can have the opportunity to attend

The ACE program was designed and developed

college,” she says.

by UCF’s Burnett Honors College in partnership

The Jacksons’ generosity will allow 200 additional

with WORKFORCE CENTRAL FLORIDA and Orange

children to attend the ACE event each year,

County Public Schools’ Advancement Via Individual

and enable 50 more UCF students to serve as

Determination (AVID) program. Honors freshmen are

volunteers for the day.

required to teach an elementary school class in the

“This represents the first gift of its kind at UCF and

fall, and those same classes are brought to campus

will provide benefits to our students, as well as our

for ACE in the spring. Nearly 140 Burnett Honors

community partners, for years to come,” says Alvin

College and LEAD Scholars students participate in

Wang, dean of The Burnett Honors College.

the ACE program.

“The ACE program plants the seed. If you set goals and work hard to achieve them, you too can have the opportunity to attend college.”

2010-2011 ANNUAL REPORT

U N I V E R S I T Y O F C E N T RA L F LO R I DA

BACARDI FINE SPIRITS LAB hat do you get when you mix a premier vacation destination and a renowned educational institution, shaken with an international spirits leader? Magic.

Rum and spirits giant BACARDI U.S.A. has partnered with the UCF Rosen College of Hospitality Management to establish a fine spirits program, complete with a fine spirits lab and instructor.

The company’s gift was given to enhance the beverage management courses currently offered at Rosen.

2010-2011 ANNUAL REPORT

The BACARDI fine spirits program will allow hospitality students to study spirits in addition to beer (thanks to a partnership with Anheuser-Busch) and wine (thanks to a partnership with Premier Beverage).

BACARDI is one of many corporations that have partnered with the Rosen College.

Being able to learn amid Central Florida’s booming hospitality industry makes Rosen graduates the best of the best. So, it’s no wonder giants like BACARDI and others want to be part of that distinction.

We’ll toast to that.

U N I V E R S I T Y O F C E N T RA L F LO R I DA

2010-2011 ANNUAL REPORT

CATHERINE DAVIES

didn’t choose UCF, UCF chose me.

I am one of more than 58,000 students at UCF. Many students come from traditional communities. My story began a little differently.

I was born in Sierra Leone, West Africa, where education is unaffordable for the majority of citizens. Prospects for success are diminished by the civil wars that impacted our country for years. In my hometown, violence was a daily occurrence.

After facing so much adversity at such a young age, I realized that I was created to stand on a strong foundation so I can bring change to this world. You may see me as one person; however, I speak with the voices of my country. I want my voice to be a voice of hope, a voice of restoration, a voice of song.

UCF has opened doors of knowledge, diversity and wisdom around me. UCF has done more than given me a future. It has erased the light of uncertainty and shown me the way to countless opportunities.

We all have a blind spot—a place we can’t see but know is there. While life doesn’t always come with a rearview mirror, I know I will always have UCF in my blind spot.

Without this university, I wouldn’t have known how to drive into the future.

I am Catherine Davies. I AM UCF.

“UCF has done more than give me a future.

It has erased the light of uncertainty and opened the doors to countless opportunities.”

U N I V E R S I T Y O F C E N T RA L F LO R I DA

founded in

Bachelor’s

10 5

1.

2.

3.

4.

5.

Master’s

12

COLLEGES

1. Arts & Humanities 2. Business Administration 3. Education 4. Engineering & Computer Science 5. Graduate Studies 6. Health & Public Affairs 7. Medicine 8. Nursing 9. Optics & Photonics 10. Rosen College of Hospitality Management 11. Sciences 12. The Burnett Honors College

Doctoral

Specialist

RE GIONAL CAMPUSES 1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

Cocoa Daytona Beach Leesburg Ocala Palm Bay Sanford/Lake Mary South Lake South Orlando Valencia Osceola Valencia West

SECOND LARGEST UNIVERSITY I N T H E N AT I O N 58,000+ STUDENTS

A C R E S on main campus

REGIONAL LOCATIONS

Center for Emerging Media Executive Development Center Florida Solar Energy Center Rosen College of Hospitality Management UCF Health Sciences Campus at Lake Nona

A C R E S approximate number of acres managed for conservation

2010-2011 ANNUAL REPORT

10

TOP

STATES * 1. Florida 2. New York

STUDENT POPULATION

3. Pennsylvania 4. Illinois 5. New Jersey 6. Ohio 7. Georgia

STUDENTS COME FROM

8. Virginia

67 FLORIDA COUNTIES 5 0 S TAT E S 140 COUNTRIES

9. Maryland 10. Michigan * Fall 2011 Freshman Class

FRESHMAN CLASS PROFILE Average SAT (Critical Reading and Math)

1250

Average SAT (Critical Reading, Math and Writing)

1820 27

Average ACT

3.9

Average high school GPA * Fall 2011 Freshman Class

TOP

NATIONAL MERIT SCHOLARS

1.

2.

3.

4.

5.

6.

6

FRESHMAN MAJORS

Biology Psychology Health Sciences Engineering Nursing Computer Science

* Fall 2011 Freshman Class

U N I V E R S I T Y O F C E N T RA L F LO R I DA

JULY 2010–JUNE 2011

TOP NEWS STORIES FROM UCF Detecting Cancer with Gold Associate Professor Qun Huo and her team developed a technique involving gold nanoparticles to help detect cancer. She then launched Nano Discovery, Inc., a medical research bioassay company, which received a grant to help move the team’s discovery—in the form of an overthe-counter cancer test kit—from the lab to the marketplace.

New Aphasia House at UCF Opens A facility was dedicated solely for therapy for individuals with aphasia (loss of speech resulting from neurologic injury), courtesy of a $25,000 anonymous donation.

College of Engineering and Computer Science Among the World’s Best The Academic Ranking of World Universities ranked UCF as tied for 76th best in the world for engineering/technology and computer science. UCF ranked among the top 50 U.S. universities and the top 30 U.S. public universities in that category.

2010-2011 ANNUAL REPORT

UCF Chemists Discover Infrared Light Technique That May Open New Frontier in Fighting Cancer UCF chemists, led by Professor Kevin Belfield, used near-infrared light and fluorescent dye to take pictures of cells and tumors within tissues.

Until this development there was no valid way to study lysosomes (cells’ thermostats and waste processors that have been linked to a variety of diseases, including types of mental illness and cancer).

More than 650 UCF Knights Give Back to Communities More than 650 volunteers participated in Knights Give Back, UCF’s annual campus-wide day of service on Saturday, Oct. 9. Volunteers provided several thousand hours of service on behalf of social services, the arts, animals, the environment and other causes.

Promising New Compound Could Aid Fight Against Cancer UCF and the Moffitt Cancer Center signed an agreement with GLG Pharma, LLC, to take a promising cancer-fighting compound to the next level of development. Associate Professor James Turkson and a team at Moffitt cofounded the compound, which has shown to prevent the uncontrolled activity of a protein that has been implicated in breast cancer.

Bill Gates Praises Distance Learning Efforts The Bill & Melinda Gates Foundation’s Next Generation Learning Challenges initiative identified UCF as a leader in bringing education to a broader audience, via the use of online videos.

U N I V E R S I T Y O F C E N T RA L F LO R I DA

Developing Green Jet Fuel of the Future Engineers at UCF and New Mexico State University are collaborating on a $2.4 million grant from the U.S. Air Force Research Laboratory to develop an algae-based biofuel that will be a cleaner fuel source than currently available. It will have applications throughout aviation, from passenger and cargo airplanes to military jets.

UCF Researchers Join Harvard, MIT in Prestigious National Ranking The Carnegie Foundation for the Advancement of Teaching designated UCF as a university with “very high research activity.”

UCF joined universities such as Harvard, MIT, Johns Hopkins and Stanford in that top tier.

Graduate Reaches for the Stars Astronaut and UCF alumna Nicole Stott (’92), journeyed into space for a second time aboard Space Shuttle Discovery on the spacecraft’s final mission.

Richard Lapchick Inducted into Sports Hall of Fame Richard Lapchick, director of UCF’s DeVos Sport Business Management program, was inducted into the Multi-Ethnic Sports Hall of Fame. Lapchick is known for his ability to use sport to combat racial, gender and social inequities in the United States and internationally.

UCF Students Win National Ethics Bowl The UCF Ethics Bowl Team placed first in the National Intercollegiate Ethics Bowl, defeating 31 other teams. Topics such as computer hacking, immigration, academic dishonesty and racial stereotypes were discussed and scored.

2010-2011 ANNUAL REPORT

UCF Engineer Ranked Among the World’s Best Professor Challapalli Suryanarayana was ranked 40th among the top 100 researchers of the past decade, according to Thomson Reuters (formerly The Institute for Scientific Information). He was selected from a field of 500,000.

Creative School for Children Earns National Accreditation The UCF Creative School for Children earned the prestigious National Association for the Education of Young Children accreditation, recognizing the school’s quality, accountability and service for parents and children.

UCF Among Top Schools for Hispanic Students

College of Medicine Awarded Provisional Accreditation

The Hispanic Outlook in Higher Education Magazine recognized UCF for its efforts to recruit, retain and graduate Hispanic students, ranking 12th nationally for undergraduate degrees awarded.

The UCF College of Medicine is one step closer to full accreditation, as the Liaison Committee on Medical Education awarded provisional status, the second of three approvals necessary for the college to be fully accredited and able to grant degrees to its students.

Fleet Vehicles Run on Grains and Gas UCF’s fleet vehicles gained access to a 12,000-gallon fueling station filled with cleanerburning fuel made from a blend of plants and grains. The new E85 station pumps an alternative fuel, reflecting UCF’s commitment to sustainability and green initiatives.

WUCF-TV Becomes Central Florida’s PBS Channel Officially launched on July 1, WUCF-TV is a partnership between UCF and Brevard Community College.

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UCF FOUNDATION, INC.

(A Discrete Component Unit of the University of Central Florida) June 30 2011

2010

ASSETS Current assets: Cash and cash equivalents

$

Investments Investment interest and other receivables Due from related parties Pledges receivable窶馬et Prepaid expenses and other assets Total current assets

15,649,780 $

22,450,230

6,053,082

4,130,345

217,400

241,414

71,298

34,869

2,104,546

3,867,212

1,125,974

891,283

$

25,222,080 $

31,615,353

$

870,388 $

285,758

Noncurrent assets: Cash and cash equivalents

142,238,318

Investments Pledges receivable窶馬et Beneficial remainder trust Prepaid expenses and other noncurrent assets Property and equipment窶馬et Rental and other property窶馬et Total noncurrent assets

Total assets

115,554,283

1,155,885

1,313,611

1,540,257

1,466,193

341,950

350,371

779,318

900,096

73,799,691

74,472,591

$

220,725,807 $

194,342,903

$

245,947,887 $

225,958,256

2010-2011 ANNUAL REPORT

LIABILITIES Current liabilities: Accounts payable and accrued expenses

$

Due to related parties Scholarship liability

742,277 $

1,099,042

1,227,264

1,690,609

112,459

215,349

3,411,187

2,898,135

Long-term liabilities窶把urrent portion: Notes payable窶馬et

196,563

445,493

Annuity obligations

63,790

57,990

Compensated absences

29,415

29,225

Deferred revenue

5,385

Deposits Total current liabilities

$

--

5,788,340 $

6,435,843

Noncurrent liabilities: Notes payable窶馬et Due to related parties

30,744,904

32,061,091

137,110

282,850

2,368,406

2,159,169

Annuity obligations

496,723

458,546

Compensated absences

390,804

336,082

Deferred revenue

17,981

Deposits Total noncurrent liabilities

$

Total liabilities

$

21,592

34,155,928 $

39,944,268

$

35,319,330

41,755,173

NET ASSETS 43,204,001

43,358,129

Expendable

34,949,849

16,600,415

Nonexpendable endowments

112,683,366

108,635,351

15,166,403

15,609,188

Invested in capital assets窶馬et of related debt Restricted:

Unrestricted Total net assets

$

206,003,619 $

184,203,083

U N I V E R S I T Y O F C E N T RA L F LO R I DA

As of June 30, 2011

TOTAL FOUNDATION ASSETS

ENDOWED FUNDS Academics

$

31,558,685

Scholarships

7,933,893

Research

1,452,170

General university support

92,483

Alumni relations

17,703

Athletics

Total endowed funds

84,613,800

$

125,668,734

Reflects permanently endowed funds. This figure does not include endowments established internally.

NON ENDOWED FUNDS Real estate

$

46,540,855 37,328,814

General university support

24,653,308

Academics

Scholarships

5,311,055

Real Estate

General administration

2,759,421

General university support

Research

1,085,499

Scholarships

Athletics

896,634

Research

Alumni relations

544,395

General administration

Foundation general university support

503,686

Athletics

University fundraising

389,332

Fundraising

249,607

Academics

13,009

Foundation academic support

3,537

Athletics fundraising

Alumni relations oundation general F university support University fundraising Fundraising Foundation academic support

Total non endowed funds

$

120,279,153

Total foundation assets

$

245,947,887

Athletics fundraising

2010-2011 ANNUAL REPORT

Year Ended June 30 2011

2010

OPERATING REVENUES Contributions (net of provisions for uncollectible pledge receivables of $83,694 and $3,389,819, respectively)

$

10,308,147

$

3,314,774

Rental income

9,799,387

11,347,864

Net realized and unrealized gains on investments

22,104,891

10,344,543

Interest and dividends

2,501,939

2,506,397

Dues and other revenues—net

2,194,548

529,656

347,448

362,710

License plate proceeds

313,323

Advertising and royalties Total operating revenues—net

511,977

$

47,569,683

$

28,917,921

$

7,178,709

$

7,685,847

OPERATING EXPENSES Building operations Athletics

5,456,957

1,244,639

Management and general

5,009,708

4,326,820

Student aid

4,082,471

2,993,224

Fundraising

3,903,397

2,844,769

Academic support

3,654,347

10,396,209

Alumni relations

2,743,269

2,537,260

1,621,945

1,907,287

291,895

291,644

General university support Research Total operating expenses

$

33,942,698

$

34,227,699

Operating gain (loss)

$

13,626,985

$

(5,309,778)

$

3,940,079

$

3,863,734

NONOPERATING REVENUES University support UCF Athletics Association support Gain (loss) before endowment contributions Endowment contributions Change in net assets

--

17,759,231

(1,446,044)

4,041,305

1,928,695

21,800,536

482,651

184,203,083

Net assets—beginning of year Net assets—end of year

192,167

$

206,003,619

183,720,432 $

184,203,083

U N I V E R S I T Y O F C E N T RA L F LO R I DA

U C F

F O U N D A T I O N ,

I N C .

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Thank you to the current board of directors, ex officio, emeriti and honorary directors.

OFFICERS

Dr. Jorge J. Lopez

EMERITI

Michael Manglardi, Esq. (’84)

Rita A. Lowndes

James T. Barnes, Jr.

Marcos Marchena, Esq. (’82)

Nelson J. Marchioli (’72)

R. Van Bogan

James W. Ferrell (’80)

Nan B. McCormick (’83)

J. A. Burnett

Melanie Fernandez (’86)

Harold Mills

Phoebe Carpenter

Larry F. Tobin (’83)

Anthony J. Nicholson

Peter Dagostino

Michael J. Grindstaff, Esq. (’78)

Margery Pabst

Mary Jo Davis

Janet Pino (’89)

Alan G. Fickett (’71)

JoAnne Puglisi (’73)

Manuel A. Garcia, III

Manhar P. Rama

J. Charles Gray, Esq.

Gerald Rutberg

Gerald F. Hilbrich

Timothy J. Seneff

Deborah J. Komanski (’79)

John R. Sprouls

John F. Lowndes, Esq.

DIRECTORS Rita Adler Jim Atchison (’92) Kevin P. Barkman (’77) Dale P. Bennett Kenneth W. Bradley (’85)

Gerald R. McGratty (’71)

Scott Buescher

EX OFFICIO

Mark M. Calabrese (’78)

David Albertson

Larry Chastang (’80)

Randy E. Berridge

Cari H. Coats (’79)

Bob Dallari

Anthony J. Connelly (’87)

Buddy Dyer

Carol M. Craig

John C. Hitt

George O. Glance III (’90)

Teresa Jacobs

Jeanette Gould

Dominic Persampiere

Suresh Gupta

Richard J. Walsh (’77)

HONORARY DIRECTORS

James Allen Jahna, Sr. (’81)

Rick Weddle

H. Trevor Colbourn

Beat M. Kahli

Todd Woodard (’95)

Joan D. Ruffier

Richard A. Nunis Roger W. Pynn (’73) Allen Trovillion Al R. Weiss (’76) Nelson Ying Thomas Yochum

Rev 2011 04 25

2010-2011 ANNUAL REPORT

U N I V E R S I T Y O F C E N T RA L F LO R I DA

2010-2011 ANNUAL REPORT

Offer the best undergraduate education available in Florida.

Achieve international prominence in key programs of graduate study and research.

Provide international focus to our curricula and research programs.

Become more inclusive and diverse.

Be America’s leading partnership university.

Gifts to the university help UCF reach its goals.

Thank you for supporting UCF and its steadfast commitment to inclusiveness, excellence and opportunity for all.

U N I V E R S I T Y O F C E N T RA L F LO R I DA

WE COULDN’T DO IT WITHOUT

2010-2011 ANNUAL REPORT

For more information on supporting UCF, please call 407-882-1220, email donorrelations@ucf.edu or visit us online at UCFFoundation.org.

Reflecting Pond and Millican Hall

U N I V E R S I T Y O F C E N T RA L F LO R I DA

The foundation enhances relationships with alumni, friends, faculty, staff and community partners. The foundation secures and manages charitable resources for the university and always acts with integrity and honesty.

U C F F O U N D AT I O N , I N C .

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ucffoundation.org

UCF Foundation, Inc. is a 501(c)(3) nonprofit organization.

1107FTD512-12/11

407-882-1220