Cameron University Foundation
ANNUAL 20 20 REPORT
TABLE OF CONTENTS Letter from the University President.................................. 2 Letter from the Foundation Chair...................................... 3 Financial Position and Investment Performance................ 5 Your Gift Makes a Difference............................................. 7 Giving Programs................................................................ 9 Scholarships and Endowments........................................ 10 CU Foundation Board...................................................... 13 Advancement Staff.......................................................... 15
LETTER FROM THE PRESIDENT Dear Alumni and Friends: On behalf of Cameron University, thank you for your support of our students and our institution this year. Whether you are an alumnus, employee, friend or community leader, we appreciate your support and your gifts. Together, we increased student opportunities through outstanding learning experiences at an exceptional value. The onset of the coronavirus pandemic in March certainly brought the 2019-2020 academic year to an unusual conclusion. Over a matter of days in March, hundreds of physical classroom experiences were converted to virtual classrooms to allow our students to continue to have the opportunity to learn. I cannot thank our instructional staff enough for their commitment and flexibility during that time. I am also proud of the hundreds of CU students who were able to successfully complete their degrees during such adversity. We hosted a virtual celebration of our graduates on May 1 and our formal Commencement for the Class of 2020 was held on October 10. Enhancing the student learning experience with highly qualified and well supported faculty and staff and modern facilities is in the forefront of our efforts at Cameron. Cameron University is the least expensive university in Oklahoma but meeting our goal of affordability for all students in southwest Oklahoma requires our continued efforts and support. Your gifts support the increasing numbers of scholarships for students so they can take better advantage of learning opportunities. Your gifts do more than create affordability. The Endowed Faculty program allows us to hire, retain, and provide professional development opportunities for the wonderful educators who make the Cameron experience special. Other gifts support the creation and renovation of effective learning and activity spaces. Recent examples include another $1.25 million award to renovate the Library to add to the growing McMahon Foundation legacy at Cameron. The renovation will include additional collaboration spaces for students, increased technology, and construction of an atrium with a bistro and more study space. Construction is slated to begin during the 2020-2021 academic year. Through funds from the Jack Bryan Endowed Lectureship in Art, Cameron opened the Cameron University Art Teaching Gallery that provides a space for students to manage and present art work. A prior gift from the Gaskins Family is funding updated music practice spaces in Haggar Hall. We strive to be effective stewards of your gifts and the other resources provided to Cameron University or the Cameron University Foundation. I hope you will find evidence of our stewardship in the reports that follow. Thank you for providing the means to assure Cameron’s continuing commitment to the educational, cultural, and economic advancement of the communities we serve. Sincerely,
John M. McArthur, Ph.D. President 2
LETTER FROM THE CHAIR Dear Friends of Cameron University: Despite the unforeseen economic consequences that have accompanied Covid-19, the Cameron University Foundation concluded a successful fundraising year by surpassing $1.7 million in private gifts. This would not have been possible without the support of our donors. It is your vision and generosity that allowed the University to reach such a milestone in what we can all agree are unprecedented times. Private support plays a critical role in ensuring all students have the opportunity to further their pursuit of advanced learning opportunities. Like you, we believe that opening the door to higher education changes the lives of our students which positively impacts families and entire communities. During the 2019-2020 fiscal year, over $700,000 was awarded to students and faculty through privately funded endowments. Your generous contributions help students by providing quality educational opportunities that will leave a lasting impression on them for the rest of their lives. In 2016, Cameron created the Cameron Aggie Response (CARE) Fund in light of the budget reduction crisis to help offset operational costs during great times of need to ensure that budget limitations do not affect the success, learning, and services provided to Cameron students. In response to Covid-19, the Cameron Foundation, through the use of the CARE fund, created a grant program for students facing an emergency financial need. The Cameron University Foundation along with Cameron University are committed to student success and as such are committed to helping students overcome any financial hardships that could prevent them from continuing, and ultimately completing, their education. Because of donors like you, Cameron University will continue to thrive as it evolves to meet the needs of current Aggies and pave the way for future Aggies. On behalf of the Cameron University Foundation Board of Directors, I want to say Thank You. Sincerely,
Brian T. Henry Chair Cameron University Foundation
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SUMMARY OF THE CAMERON UNIVERSITY FOUNDATION PORTFOLIO AS OF JUNE 30, 2020
PORTFOLIO VALUE - $25,703,656 (9.8% Cash) EQUITY - $14,581,991 (14.4% Cash) FIXED INCOME - $11,121,665 (3.8% Cash) ASSET ALLOCATION 49% EQUITY 41.6% FIXED INCOME 9.8% CASH ANTICIPATED ANNUAL CASH FLOW $784,351
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Date
Portfolio Value
Distributions
June 30, 2019
$26,152,868
$1,487,148
June 30, 2020
$25,703,656
$2,287,148
STATEMENTS OF FINANCIAL POSITION 2020
2019
Cash and Cash Equivalents Other Receivables Accrued Interest Receivable Investments, at Fair Value Cameron Investment Program Real Property Assets Held for Sale Other Assets
$ 225,845 354 77,647 26,314,735 1,232,182 238,000 208,435 -
$ 1,046,276 7,223 82,724 26,187,346 1,433,485 238,000 522,952 5,413
TOTAL ASSETS
$ 28,297,198
$ 29,523,419
2020
2019
LIABILITIES Accounts Payable Notes Payable
$ 40,940 132,394
$ 64,288 382,545
TOTAL LIABILITIES
$ 173,334
$ 446,833
ASSETS
LIABILITIES AND NET ASSETS
NET ASSETS Without Donor Restrictions Board-designated endowment Specific Purposes Undesignated With Donor Restrictions
2020
2019
$ 745,750 5,615,438 21,762,676
$ 560,250 5,881,859 22,634,477
TOTAL NET ASSETS
$ 28,123,864
$ 29,076,586
TOTAL NET ASSETS
$ 28,297,198
$ 29,523,419
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C onstructing the Future It’s not possible to reflect on southwest Oklahoma’s rich history without including the McMahon family and their incredible impact on shaping the southwest region of this state. An American middle-class family, Eugene “E.P.” McMahon, his wife Louise, and son Eugene Davis McMahon settled in the Lawton, Oklahoma Territory in 1901. At the turn of the century, Lawton was in the middle of its transfiguration from tents and dirt roads to permanent structures, installing telephone line and municipal offices. E.P. reveled in the potential opportunities that could be had in this new homestead. Louise, charming and sociable, became a successful piano teacher while E.P., a former lawyer, would enter the insurance and real estate industry. The family would quickly settle into their place in Lawton. At the age of 15, Eugene Davis began selling newspaper ads for the Lawton Constitution. After graduating from OU, Eugene would go on to become a newspaper manager as well as serve time in the armed forces during WWI. It wasn’t until after WWI ended that Eugene found great success through oil royalties. In 1936, E.P. McMahon passed away. Four years later, the McMahon Foundation was established with an endowment of $50,000 in combined assets from Eugene and his mother. Since then, the McMahon Foundation has awarded millions of dollars throughout Lawton to improve the quality of life for its citizens. Specifically, the McMahon Foundation has provided over $18 million in support to Cameron University, making it the leading donor in the university’s history. Most recently, the McMahon Foundation presented Cameron University a $1.25 million gift that will fund a substantial upgrade of the library on its main campus. Construction is slated to begin during the 2020-2021 academic year and will include additional collaboration spaces for students and faculty, meeting rooms that will be open for public use, and construction of an atrium to include a bistro. Additionally, there will be an emphasis on increased technology-enabled spaces, more access to electrical outlets, and better wireless connectivity. The renovation will also include an upgrade to the restroom facilities as well as parking adjacent to the library will be expanded. Expanding the library will greatly benefit our students and the community for many generations to come. By providing much needed updates to one of Cameron’s most utilized buildings, we hope to encourage students to take advantage of the resources provided to them and create an environment for better learning. Cameron remains dedicated to providing the best quality education to southwest Oklahoma. 7
GIVING PROGRAMS
Aggie Fund – “Partnering with You today; Making a difference on Tomorrow” The Aggie Fund has been dedicated to ensuring all students have the opportunity to achieve an education of their dreams – a Cameron Education. Your partnership has made this dream a reality for thousands of students. In a world where you hear about college being unaffordable for students or leaving them strapped with overwhelming debt – you have made a difference!
President’s Partners
The President’s Partners program is the lasting legacy of Cameron University and the Cameron University Foundation. Established in 1989, Cameron’s charter members joined together to ensure the future success of Cameron. The dollars contributed annually directly impact student’s accessibility to higher education. Today, President’s Partners lead the way in philanthropic giving for student scholarships, campus programs, facility improvements, and more.
1908 Heritage Society
Members of the 1908 Heritage Society have chosen to solidify their legacy after their lifetime through gift planning. Remembering Cameron with a bequest from your estate will help to sustain and strengthen the university in years to come.
Faculty Endowments and Scholarships
Endowed scholarship and faculty positions are a permanent and personal way to make a difference in the lives of Cameron students by providing support for current and future generations of students and faculty members. Many donors choose to honor family members, friends, or a favorite professor with the lasting tribute of an endowment gift. Donors are then invited to an annual event each year honoring their commitment to Cameron University.
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ESTABLISHED DURING THE 2019-2020 YEAR
SCHOLARSHIPS AND FACULTY ENDOWMENTS • Shirley Dale Endowed Scholarship
Established by Tommy Dale and the Lawton Council of the Blind in honor of Tommy’s late wife Shirley Dale, this scholarship will assist visually impaired students at Cameron University.
• Tama Hallmark Endowed Scholarship Established by the Duncan High School class of 1964, in honor of their late classmate Tama Hallmark this scholarship will assist Duncan High School graduates who will attend Cameron University.
• Linda Doane Endowed Scholarship
Established by Mike Doane in honor of his sister, this scholarship will assist Cameron University students who are members of the Cameron Band or similar instrumental ensemble.
• Jeff and Esther Gatewood Endowed Scholarship in Criminal Justice
Established by Cameron Alum Jeff Gatewood, in honor of his and his wife’s successful careers within Law Enforcement. This scholarship will assist students pursuing a degree in Criminal Justice.
• Jeneanne Lawson Endowed Professorship in Communication
Funded through the Estate of Jeneanne Lawson, this professorship will be awarded to deserving faculty members within the Communication to carry out the principles of the program.
• Robert Harmon Endowed Professorship in Mathematical Sciences Funded through the Estate of Robert Harmon, this professorship will be awarded to deserving
faculty members within the Mathematical Sciences to carry out the principles of the program.
Impact $729,467 was awarded through privately funded scholarships and faculty endowments during FY20.
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NEW PRESIDENT’S PARTNERS 2019 - 2020 Corporate President’s Partners New
Upgraded/Renewed
Comanche County Memorial Hospital
Arvest Bank – Lawton
Green Family Trust
CDBL Inc.
HG Jenkins Construction
Ft. Sill Federal Credit Union
Hilliary Communications LLC
Raytheon Company Southwest Oklahoma Federal CU
President’s Partners Sagar Katta and Srilatha Ayirala Steven and Kathleen Beckman Julie and Brad Cunningham Dustin and Megan Hilliary Edward and Trinity Hilliary Jim and Yvonne Landmark, UPS Store 6690 Lonny and Dottie Morrison Scott’s House of Flowers Roberta Vowell Patricia and Floyd Wininger
Impact There are over 120 President’s Partners members who donate $1,000 or more each year. 50% of their gift goes toward scholarships for students. The univesity matches those President’s Partners scholarships dollar for dollar with a tuition waiver. More than 350 gifts were received during the Annual Appeal totaling more than $233,000.
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BACKGROUND The Cameron University Foundation, Inc. was founded March 22, 1972, for the purpose of collecting, administering, and disbursing gifts and endowments for the benefit and continuing support of Cameron University. The Foundation is a non-profit, 501(c)(3) organization as determined by the Internal Revenue Service. The Foundation is governed by a Board of Directors composed of civic and business leaders. Foundation executive officers are elected by the Board and are charged with execution of all contracts, agreements, deeds, bonds, mortgages, and other obligations in the name of the corporation. Operations of the Foundation are guided by procedures and bylaws approved by the Board of Directors. Day-to-day operations of the Foundation are conducted by Cameron University employees acting on behalf of the Foundation, as directed by written policies. Operational oversight is provided by the Foundation Executive Committee acting on behalf of the Board of Directors. The Executive Committee consists of the corporate officers and the officers of the Board of Directors. The Cameron University Foundation, Inc. is audited annually by a qualified auditing firm. Special interest audits are conducted by the University of Oklahoma, Cameron University, and Rogers State University Board of Regents audit offices.
CAMERON UNIVERSITY FOUNDATION, INC. Members of the Cameron University Foundation Board of Directors Executive Committee
From left to right: Barbara Braught, Brian Henry, Rhonda Clemmer, Jennifer Meason, and George Bridges
PRESIDENT AND CHAIR Brian Henry - Lawton, OK
VICE PRESIDENT
SECRETARY
Rhonda Clemmer ‘89 - Cache, OK
George Bridges - Lawton, OK
VICE PRESIDENT-ELECT
TREASURER
Barbara Braught - Duncan, OK
Jennifer Meason ‘00 - Walters, OK 13
2019-2020 BOARD OF DIRECTORS
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Mark Ashton - Lawton, OK
Howard Johnson - Lawton, OK
Barry Beauchamp ‘74 - Lawton, OK
Paul Korhonen ‘90 - Lawton, OK
Mike Brown - Lawton, OK
David Madigan - Lawton, OK
Karen Burgess ‘80 - Lawton, OK
Chase Massie ‘07 - Lawton, OK
Brad Cooksey ‘97 - Lawton, OK
Amber McNeil ‘09 - Lawton, OK
Noah “Abe” Cornish ‘90 - Oklahoma City, OK
Erin Miller ‘96 - Lawton, OK
Zoe DuRant ‘90 - Lawton, OK
Kim Patrick - Lawton, OK
Jim Eason - Lawton, OK
George Porter - Lawton, OK
Cindy Firman ‘83 - Lawton, OK
Bridget Randle - Lawton, OK
Don Gaskins - Dallas, TX
Nate Slate - Lawton, OK
Randy Gilliland - Lawton, OK
LaDonna Smith - Lawton, OK
Pat Hollis - Lawton, OK
John Veal ‘03 - Lawton, OK
Sandra Holsinger - Lawton, OK
Lisa Wade - Lawton, OK
David Isham ‘84 - Lawton, OK
Carter Waid - Duncan, OK
ADVANCEMENT STAFF
Albert Johnson, Jr. ‘79 Vice President University Advancement
Julie Cunningham Director Development
Tiffany Smith ‘13 Assistant to the Vice President University Advancement
Jonna Turner ‘06 Director Alumni Relations
Jenn Abel ‘18 Information Services Coordinator Development
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2800 West Gore Blvd. Lawton, OK 73505 www.cameron.edu/foundation
