A BOLD AND DISTINCTIVE FUTURE
29.8 MILLION $
IN GIFTS
There has never been a better time
we call The Kent State Promise.
become an exemplar of a reimagined
to consider a bold and distinctive
This commitment prioritizes higher
public research university. It is a
future for Kent State. With record
education’s most important outcome:
privilege to pursue our bright and
enrollments, growth in the diversity
more college graduates who have the
boundless future with your support.
and academic talent of incoming
skills, talent and desire to change the
freshmen, and the highest retention
world –who understand that a life of
and graduation rates ever, we are
meaning is just as important as a life
poised to accelerate our impact on a
of financial comfort.
national scale. This rising trajectory is made possible in great part by the significant engagement and support of our loyal alumni and friends, and we are deeply grateful for your generosity as chronicled in this report.
In addition, with your meaningful gifts provided over the last year, Kent State is attracting and retaining
Beverly Warren
talented faculty and staff who
President,
are delivering on our promise by
Kent State University
making a difference in the lives of our students and the well-being of
Over the past year, the university
our communities. We see compelling
community collaborated to imagine
evidence every day of their mold-
and articulate our aspirations in the
shattering, interdisciplinary research
form of a new vision, A Strategic
and teaching that changes lives.
Roadmap to a Distinctive Kent State. With five priorities and 16 University-Level Initiatives, the Strategic Roadmap is guiding the continuing development of our unique educational experience that
Sincerely,
On behalf of the entire Kent State community, I offer you heartfelt appreciation for your decision to invest in the transformative mission of Kent State University as we
PAGE 3
FOUNDATION
BOARD OF DIRECTORS AS OF JUNE 30, 2016
BOARD OFFICERS
Gary L. Brahler, ’89
Chair First Vice President - Investments, Polcar.Brahler.Heil.Belden Wealth Management Group of Wells Fargo Advisor
F. Carl Walter, Jr., ’73
Chair-Elect and Treasurer Chair, Committee on Finance Chairman (retired), Chess Financial Corporation
Lawrence R. Armstrong, ’79, ’80 Immediate Past Chair CEO, Ware Malcomb
Dr. Linda Marie Noelle, ’90, ’00
Secretary Central Office School Psychologist, Department of Justice, Bureau of Prisons
Robert W. Woolf, ’65
Treasurer Chair, Committee on Finance Chairman and President (retired), Chemi-Trol Chemical Company
Jeffery L. McLain, MMC, CFRE Executive Director Vice President, Institutional Advancement, Kent State University
Michael T. Strebler
Assistant Treasurer Chief Financial Officer, Kent State University Foundation Inc.
BOARD OF DIRECTORS
Harvey J. Bazaar, ’62 Caldwell, New Jersey
Christopher P. Bray, ’89
Managing Director - Florida, Ariel Capital Advisers LLC
Edmund D. Cooke Jr., ’65
Partner, Law Offices of Cooke Robotham LLC
R. Douglas Cowan, ’64
Chairman of the Board (retired), The Davey Tree Expert Company
Robert J. DiDiano, ’87
Senior Vice President and Regional Managing Director - New York Region Wells Fargo Private Bank
Barbara A. Donaho, ’92 Stow, Ohio
Timothy D. Eippert, ’92
President, MC Sign Company
John R. Elliot, ’70
President, AMFM, LLC
Barry E. Fetterman, ’74, ’76
Chair, Committee on Institutional Advancement Principal (retired), Sirach Capital Management Inc.
Richard J. Frenchie, MBA, LFACHE
President, The Frenchie Group
Cathy D. Hemming, ’70
Founder, Cathy D. Hemming Literary Agency LLC
Peter M. Holway, ’82
Chair, Committee on Investments; Investment Director, Hirtle, Callaghan & Company
Dr. Candice A. Hughes, ’70, ’72
Associate Professor, Department of School Psychology, The Chicago School of Professional Psychology
Nora Conway Jacobs, ’73
Chair, Committee on Grants; Senior Vice President, Hennes Communications
Steffany Matticola Larkins, ’92 Chief Marketing Officer, Medical Mutual
Judie Fall Lasser, ’00 Hudson, Ohio
James M. Bailey, ’03, ’04
Vice President, Senior Institutional Client Advisor PNC Asset Management Group
Brian M. Marino, ’01
Financial Advisor and Special Care Planner, Skylight Financial Group
Michael Napoli, ’74
Chair, Absolute Return Group
James M. Pazderak, ’74
President, Covenant Financial Group Ltd.
Joseph F. Rich
Senior Director, North America; Sales & Marketing, Danfoss Power Electronics
Robert G. Risman
President and CEO, Burton Carol Management LLC
Robert E. Ross, ’70
Director, Private Asset Management (retired), Robert W. Baird & Co.
Richard D. Selip
President, Grand River Rubber & Plastics Co.
David J. Sibits, ’72
Chair, Committee on Membership; Senior Vice President, Strategic Development, CBIZ, Inc.
Stephanie Danes Smith, ’79 Principal and Owner, TrueNorth Strategies, LLC; School of Journalism and Mass Communications, Kent State
Buzz Starner, ’67
President and Owner (retired), Starner Sales & Marketing
Michelle D. Thomas, ’05
President, The James Franklin Group, LLC
ASCENDING TO MEET TOMORROW
AT LARGE MEMBERS REPRESENTING ALUMNI ASSOCIATION
Kent State is stepping into the light. Even as we stay true to our humble and hardworking roots, we are not afraid to shine in the spotlight. We are the beacon of opportunity for
EX OFFICIO MEMBERS
students seeking to deepen their
Presidential Appointment
knowledge, their understanding,
James L. Blank
Dean, College of Arts and Sciences, Kent State University
Trustee Representative
Ralph Della Ratta
Western Reserve Partners, LLC
Lori A. Randorf, ’99
Assistant Vice President, Kent State University Alumni Association
Stephen G. Sokany, MBA, ’96 Director, Board Relations and Executive Associate Vice President, Institutional Advancement
their talents — so they can become
has witnessed this success and is
leaders who make their mark on the
continuing to invest in our even
world.
brighter future.
Our growth is monumental. Since
Another record-breaking year is due
the shadows of the Great Recession,
to your dedicated and unwavering
our enrollment has increased
belief in the mission and vision of
nearly 20 percent. Put simply: Kent
Kent State.
State is the number one choice for college students in Northeast Ohio, graduating more students and
With much gratitude for your support,
preparing them for greatness than EXECUTIVE OFFICERS OF KENT STATE UNIVERSITY
any other institution in the region.
Beverly J. Warren
Scholarship funding for the Kent
President
Todd Diacon
Senior Vice President and Provost
Gregg S. Floyd
Senior Vice President for Finance and Administration
Mark A. Polatajko
Senior Vice President for Finance and Administration
State University Foundation, which contributed to these improved graduation rates, has grown an average of 11 percent annually from $3.1 million in 2012 to $4.6
Gary L. Brahler, ‘89 Chair, Kent State University Foundation Board
million in 2016. And this report will reveal what those resources have the power to make possible. Our growing community of support
PAGE 4
PAGE 5
PUTTING
The Erin Myers Memorial Scholarship
STUDENTS
FIRST SCHOLARSHIPS
was created by friends, family and fellow Kent alumni who wanted to honor and celebrate Erin’s love of theatre, which GIVING IMPACTS
was nurtured while she was earning her
incoming first-year students at Kent State
Michael Maykut and John Eugene “Jack”
Master of Fine Arts degree in acting
has climbed by 50 percent. And even as
McGraw had been great friends since
we break records for applications and
they were roommates at Kent State in the
enrollment, the quality of our students
late 1940s. Michael, who funded his own
continues to rise. The fall 2016 entering
endowed scholarship in the College of
class boasts the highest grade point
Business Administration (COBA), wanted
average and the highest average ACT
to create a second fund in memory of Jack,
scores in university history.
and so established the Jack McGraw
In just five years, applications for
named for her will support students in the School of Theatre and Dance who study acting, directing, playwriting and design and technology.
College of Business Administration
Superior quality and affordability – so that
Scholarship that will benefit COBA
students can stay on track to graduation
students through their senior year of
– leads our agenda for
study.
undergraduate education. That’s why we’ve kept
has declined precipitously. We also have
The Brewer-Garrett Company, a
tuition increases among
more than doubled university provided
Cleveland-based commercial energy
the lowest for public
scholarships over the past seven
services company, has been an active
universities in the
years. In just the last year alone, donor
partner of the Kent State student chapter
nation, even as state
support allowed us to award deserving
of the Mechanical Contractors Association
funding per student
students $4.6 million in privately funded
of Cleveland, hiring many graduates
scholarships.
from our Construction Management
Reducing debt load and increasing our ability to attract highly accomplished students through scholarship support is at the top of the university’s priorities. And your generosity has been critical in helping us to meet this strategic goal.
PAGE 6
from Kent State. The scholarship
program. The company has committed to funding the Brewer-Garrett Company Construction Management Scholarship that will support students pursuing a Bachelor of Science degree in Construction Management.
PAGE 7
KENT STATE TO THE WORLD, THE WORLD TO KENT STATE
mentor, Professor Gustav Medicus. The Professor Gustav Medicus Florence Study Abroad Scholarship in Art will cover travel expenses for students studying art in the Florence program.
A Kent State education today might
The Grand Opening of the
start in Geauga, but end in Florence,
Palazzo Vettori
Manhattan, Hong Kong or Beijing. Our
Since January of 2016, students who
40,000 students can customize a study
travel to Florence now have all of their
away program that matches their goals.
classes under one roof, in the renovated
It could be an architecture student who wants to study how the classical buildings
15th century Palazzo Vettori. The building
of Europe influence modern design, or a
GIVING IMPACT
was officially inaugurated in April,
fashion major who wants to intern in Asia
The “Run the World 5k,” organized by
to learn how markets are related in the
colleges within the university and the
dignitaries and numerous Kent State
global economy. Kent State makes these
Office of Global Education, raises money
cross-cultural opportunities an integral
for study abroad scholarships. This year’s
part of all students’ education.
run supported a unique new incoming
An international Kent State also means
freshman study abroad program, with
extending an enthusiastic welcome to overseas students and faculty to enrich our stateside campuses. The presence of a large cohort from other countries provides innumerable
students traveling to Florence, Italy before they have been introduced to traditional college life. The first group of 15 students in the program, nicknamed the “Florence 15,” traveled to Florence, in part, with scholarships raised by this
before a small gathering of local Italian representatives. Centrally located in the heart of the city, Palazzo Vettori is the headquarters of Kent State’s Florence program and incorporates all academic activities with a single structure. The provides students with greater convenience, community and collaboration opportunities. The building is a pleasant blend of Renaissance architecture and modern amenities, and
benefits to domestic
event.
symbolizes the start of a new era for
and international
Heather Rayburn graduated in 2005 with
students
a Bachelor of Arts in Art History. Her
as one of the city’s leading study abroad
alike.
passion for arts education led her to fund
Kent State Florence, making it stand out programs.
a scholarship in honor of her friend and
PAGE 8
PAGE 9
PROPELLING AERONAUTICS TO GREATER
HEIGHTS
careers in one of five majors: Aeronautical Studies, Aeronautical Systems With one of the best aeronautics programs in the nation, Kent State engages students who will emerge as leaders in a growing, worldwide industry. A corporate gift from FedEx Express in support of the flight program and Kent State Airport enhancements highlights the university’s capacity and calling to energize the future of aeronautics. As part of a comprehensive master plan to upgrade facilities at the Kent State University Airport, a new, free-standing aeronautical training facility — the FedEx Academic Hub — will provide space for state-of-the-art instruction and improved aspects of airport operations. The academic and teaching portion of the approximately 17,000 squarefoot building will include several large classrooms, a briefing room, a studentpilot collaboration space, a new simulation lab and new offices for faculty and students.
many disciplines across the
Engineering Technology, Air Traffic
university. It will act as a focal
Control, Aviation Management and Flight
point for infrastructure support
Technology. In addition, a new Bachelor of
and philanthropy that will allow the
Science degree in Aerospace Engineering
a national level, and bring distinction
focuses on the application of engineering principles to the design, manufacture
to Kent State.
and functionality of aircraft, missiles and
Brain health represents arguably
spacecraft, including unmanned aerial
the largest area of existing research
systems.
strength at the university and spans
Through partnerships with professional
many departments, colleges and campuses. It has received 85 awards
aviation, aeronautics graduates are
in the last five years totaling over
prepared to be successful on the leading
$8.8 million in funding, The program
edge of innovative advancements in stage. As the aeronautics industry realigns its workforce for the 21st century, partnerships between corporate employers and comprehensive aeronautics programs like Kent State’s are critical to ensuring a pipeline of talent for the sector.
Kent State researchers hold 190 active patents, and our research productivity was ranked fifth in the U.S. and Canada by the Milken Institute. Our faculty not only enlighten our knowledge of the universe around and within us – they better our
PAGE 10
psychological sciences and exercise sciences, to health, education and disciplines in the humanities.
Research Experience (SURE), provide
of national distinction by building our State aims to bring together investigators from varied disciplines to address the
the aeronautics program at Kent State is
field.
students, and prepares them for aviation
environment from the neurosciences,
As we seek to reach greater heights
most important questions in a particular
supports 543 undergraduate and graduate
of researchers in a multi-disciplinary
In addition, student research programs,
Celebrating its 50th anniversary in 2017, the only one offered in Ohio. It currently
brings together tremendous teams
society.
culture of research and innovation, Kent The Flight Program at Kent State
FOR LIFE
researchers to excel and compete on
was introduced in fall 2016, which
the United Sates and on the world
RESEARCH
such as the Summer Undergraduate an opportunity for undergraduate researchers to engage directly with a faculty mentor, gain valuable experience to clarify career and educational goals, enhance research skills and gain academic insight.
With the creation of the Brain Health Research Institute, Kent State will bring together a community of like-minded researchers and creative scholars from
PAGE 11
A REGIONAL FORCE
A HOME AWAY FROM HOME
THE CENTER FOR PHILANTHROPY AND ALUMNI ENGAGEMENT GIVING IMPACT The Twinsburg Township – Village of Reminderville Joint Economic Development District (J.E.D.D.) promotes jobs and economic development, and is committed to higher education, workforce
From Ashtabula to Tuscarawas, from
degree. This fall, just as we realized an
Independence to Columbiana, students
increase in retention on the Kent Campus,
can study in the convenience of campuses
we saw an overall increase in retention on
near their hometown.
the regional campuses as well.
We embrace the full magnitude of the
Two of Kent State’s regional campuses
power and resources of our eight-campus
have also seen enrollment growth: Kent
system. Our regional campuses play
State University at Stark and Kent State
important roles in their communities and
University at East Liverpool. Kent State
they are life-changing catalysts for the
at Stark welcomed 5,015 students, which
students we serve. Not only is the cost to
is the largest concurrent enrollment it
attend a regional campus 40 percent less
has ever recorded since the campus was
than the Kent Campus, the environment
founded in 1946, shattering its previous
at our seven regional campuses is
high of 4,919 in 2011. Kent State at
especially mindful of assisting all
East Liverpool’s concurrent enrollment
students to realize the dream of a college
increased by 4.6 percent compared to last year.
PAGE 12
As we seek to strengthen our partnerships with alumni and our generous donors, a new home for these activities reflects the importance we place on engaging and stewarding our constituent communities.
when they visit the Kent Campus. It has become one of the most frequent
development and student success.
The new Center for Philanthropy and
campus gathering locations for alumni
The Twinsburg Township – Village
Alumni Engagement unites, under one
and friends, with an event space for
of Reminderville Joint Economic
roof, all departments within the Division
receptions, dinners and lectures; a large
Development District Endowed
of Institutional Advancement and
boardroom; and smaller meeting rooms.
Scholarship will support students enrolled at the Geauga Regional Academic Center in Twinsburg who are pursuing a two or four-year degree. The Elizabeth Z. Bartz Scholarship for Howland Tigers was established by alumna Elizabeth Bartz, who received both her B.A. and Master’s from Kent State. She credits the Trumbull Campus and its professors as the place and people who supported her at the beginning of her educational career. Her scholarship will benefit students from Howland High School, her alma mater, who matriculate to Kent State University at Trumbull.
provides a specially designed, unique gathering place for alumni and university supporters. Housing the Office of Institutional Advancement, Alumni Relations and the Kent State University Foundation, the facility provides visitors with a welcoming and convenient
The three-story, 34,400-square-foot building also provides integrated office space for Institutional Advancement staff, and includes a 28-station call center for the division’s Annual Giving program. The new building was made possible through a partnership between the Kent State University Foundation and the Portage County Port Authority, continuing the remarkable and awardwinning town-gown relationships that have been the hallmark of the region’s recent extraordinary growth.
home base
PAGE 13
NEW ENDOWMENTS FOR FISCAL YEAR 2016 > The L. Szari Excellence in Lighting Design Fund
Louis Szari
> James M. and Kelly J. Bailey Scholarship
James M. Bailey
> David McFarland Memorial Scholarship
Lellan L. McFarland and Carol J McFarland > Friends of Michael Dragomier 250 Endowed Scholarship Fund
College of Applied Engineering, Technology and Sustainability > The Cincotta Family Endowed Scholarship in Hospitality Management
Paul S. Cincotta
> Michael J. Maykut College of Business Administration Scholarship > Jack McGraw College of Business Administration Scholarship
Michael J. Maykut
> Dr. Denise M. Smith May 4 Program Fund > Dr. Denise M. Smith Endowed Scholarship
Denise M. Smith
> Stankiewicz Family Honors Thesis and Emergency Fund
Dr. Ann F. Stankiewicz
> The Warfield, Walter and Lee Accounting Scholarship
Richard K. Warfield, Frank Brock Walter, Michael R. Lee > Dr. James Dickoff and Dr. Patricia James Undergraduate Scholarship for the Department of Philosophy
Department of Philosophy
> Ole and Kathy Benyo-Gilbo Landscape Architecture Fund
Kathleen A. Benyo-Gilbo
> The School of Art Galleries and Collection Program Fund
College of the Arts
> The Helen Wescott Dix Memorial Scholarship for Strings
Kent State University Orchestra Society > Patricia A. Myers Endowment
College of the Arts
> Sara Stone Miller Endowment for Music Education
Dr. Sara S. Miller, Curtis C. Stone
> Nutrition and Dietetics Endowed Scholarship College of Education, Health and Human Services > Donna Zurava Memorial Prize Rebecca Ann Zurava > The Amy Weaver Endowed Scholarship for Music
Candace Weaver Trachsel
> WKSU Capital Improvement Fund
WKSU
> The Chizu and Kota Yokoyama Endowed Assistant Professorship
Dr. Hirohshi Yokoyama
> Walker-Buchanan Founders Award
J. Charles Walker, John Brett Buchanan > Joseph A Misinec Jr. and Richard D. Selip Scholarship
Joseph A. Misinec, Jr., Richard D. Selip
> Dr. John W. Hayes Endowed Nursing Scholarship
Kent State University at East Liverpool
> The Albert and Rose Schneider Higher Education Graduate Student Leadership Scholarship
Dr. Mary Ann Schneider
> Hospitality Management Inspiration Endowed Scholarship
PAGE 14
College of Education, Health and Human Services
> Bob Callori Athletic and Fitness Fund > B. Robert Callori Architectural Scholarship
Bob Callori
> The John H. Parks Memorial Endowed Scholarship for the Humanities
Barbara Haviland
> David and Janet Dix Athletic Scholarship
David E. Dix, Janet E. Dix
> Twinsburg Township - Village of Reminderville Joint Economic Development District (J.E.D.D.) Endowed Scholarship
Twinsburg Township - Village of Reminderville Joint Economic Development District > Sandra F. Kramer Endowment Scholarship for Kent State University at Stark
Sandra Kramer
> David T. Mason Memorial Endowed Scholarship
David T. Mason Charitable Foundation
> Dr. Roxanne Burns Endowed Scholarship
Emily M. Burns
> Polatajko Family Scholarship
Mark Polatajko, Teresa Polatajko
> Ewers-Johnson Endowed Scholarship in Memory of Celeste Janello
Michael J. Ewers, Matthew C. Johnson
> The Edward M. and Susannah W. Perkinson Endowed Fund for WKSU Local News Reports > The Edward M. and Susannah W. Perkinson Endowed Scholarship for Broadcast Journalism Students
With gratitude, Kent State University relies on the invaluable support provided by the following new endowments established between July 1, 2015 and June 30, 2016.
> Gegick Family Honors College Scholarship
Gary Gegick, Mary Lou Gegick
> Chet Williams Baseball Endowment
Chester “Chet” A. Williams
> Ada and Roger Fidler Scholarship
Roger F. Fidler, Ada Fidler
> William H. Miller WPNI Scholarship
> Dr. Guion S. Bluford, Jr. Minority STEM Scholarship > Dr. Guion S. Bluford, Jr. Minority Aeronautics Scholarship
William H. Miller
Dr. Guion S. Bluford, Jr.
> The Boone Family Endowed Scholarship for Early Childhood Education
> The Kent State Jazz Education Endowment Fund Robert Hoefler, Lynnda Hoefler
Edward M. Perkinson, Susannah W. Perkinson
Delores Boone
> The Brewer- Garrett Company Construction Management Scholarship
The Brewer-Garrett Company
> The Cafaro Foundation Excellence Scholarship for Niles Red Dragons
William A. Cafaro
> The Vincent J. Stark Scholarship for Painting and Drawing Students
> Dr. Erik D. Heidemann Endowed Political Science Scholarship
Marlinda K. Heidemann, David H. Heidemann
> Professor Gustave Medicus Florence Study Abroad Scholarship in Art
Heather Guess Rayburn
> The Linda L. McDonald Faculty Professional Development Fund for the School of Art (Program Fund)
Vincent J. Stark Foundation
Linda L. McDonald
> Haywood Doe Consulting Co. LLC Endowed Scholarship
> David A. Johnson Army ROTC Endowed Fund
> The Jean Druesedow Endowed Fund for Costume and Textile Conservation and Preservation (Program Fund)
> Kent State University Institutional Support Fund
> The Daniel L and Rosemary Rhodes Endowed Scholarship in the College of Business Administration
Christopher P. Sullivan
> Dr. Gary L. Robinson Chalker High School Scholarship
Joyce Taylor
Dr. Vicki Haywood Doe Jeffrey A. Moats
> The Daniel L. and Lori A. Ronan Endowed Scholarship in Journalism
Daniel L. Ronan, Lori A. Ronan
> The Sue Shuster-Dixon Endowed Scholarship for Women’s Basketball
Sue Shuster-Dixon
> Kent State University Construction Management Alumni Scholarship
College of Applied Engineering, Sustainability and Technology
The Irrevocable Trust of David A. Johnson
Daniel L. Rhodes, Rosemary L. Rhodes
Dr. Gary L. Robinson, Kathleen A. Robinson > Erin Myers Memorial Scholarship
> The Phil Robb Endowed Scholarship for Theatre at Kent State University at Stark Campus
Laura Troxell, Ed. D., John Hendrickson > Stephen M. Hawley Scholarship Fund
Stephen M. Hawley
> Andrew and Francisca Paz DeCarlo Endowed Scholarship in History > Andrew and Francisca Paz DeCarlo Endowed Scholarship in Modern and Classical Languages
Andrew DeCarlo, Francisca Paz DeCarlo
> Mary Ann Stephens and John R. Graham Award for Excellence in Graduate Research and Scholarship
Dr. Mary Ann Paris Stephens, Dr. John R. Graham > Dennis G. Cipriany Endowed Scholarship in Journalism and Mass Communication
College of Communication and Information
> Elizabeth Z. Bartz Scholarship for Howland Tigers
Elizabeth Z. Bartz
> Higher Education Administration and Student Personnel Endowed Travel Fund
> JoAnn H. Smith Buffo and Eugene H. Buffo Endowed Scholarship in the School of Journalism and Mass Communication and the College of Business Administration
> The Robert and Susan Conrad Scholarship for the Kent Blossom Music Festival
students receiving financial assistance. Amount of private scholarship
> John M. Rose Scholarship in Accounting
support provided to students
John M. Rose
The Joanne and Sam Malene Scholarship at Kent State University at Stark
Dale L. Bards, Barbara A. Bardes
Percentage of Kent State
College of Education, Health and Human Services
> Gary R. Branden Baseball Scholarship > Bardes Architecture Scholarship
TO YOU
> John W. Troxell College of Business Administration Scholarship
> The Fashion School Study Away Endowment Program Fund
The College of the Arts
THANKS
Philip L. Robb, Denise Young-Robb
> The Kent State History Faculty Endowed Scholarship
Gary R. Branden
IMPACT BY THE NUMBERS
by Kent State University Foundation donors in 2015-16.
College of the Arts
Total number of donor-
Joanne S. Malene, Samuel A. Malene
funded Kent State University
The Dr. Dorothy Baldwin Wicker Founders Scholarship in Physics
Foundation endowments.
Dorothy B. Wicker
Robert Allen Conrad, Susan Hall Conrad, Ed. D.
JoAnn H. Smith Buffo, Eugene H. Buffo
PAGE 15
FINANCIALS FY 2015/2016
FOUNDATION ASSETS IN MILLIONS
163.5
2013
94.6 174.2
2014
2014
110.9 179.4
2015
115.9 184.4
2016
PAGE 16
2012
85.3
2013
110.7
FY 2015/2016
FOUNDATION SUPPORT TO KENT STATE IN MILLIONS 136.7
2012
FINANCIALS
ASSETS AND DISBURSEMENTS
2015 2016
10.2 3.1 10.5 3.1 8.7 2.9 10.9 3.9 9.3 4.6
TOTAL ASSETS
GRANTS TO KENT STATE UNIVERSITY
ENDOWED ASSETS
SCHOLARSHIPS AWARDED
STATEMENTS OF FINANCIAL POSITION JUNE 30, 2016 AND 2015
ASSETS CASH AND CASH EQUIVALENTS RECEIVABLES PLEDGES INTEREST ON NOTES RECEIVABLE INVESTMENTS LONG-TERM POOL CHARITABLE REMAINDER TRUSTS SHORT-TERM POOL
2016 2015 $ 1,030,422 $ 2,202,184
BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS NOTES RECEIVABLE – HOTEL AND CONFERENCE CENTER PROPERTY, NET OF DEPRECIATION LIABILITIES AND NET ASSETS LIABILITIES ACCOUNTS PAYABLE FUNDS HELD FOR OTHERS CAPITAL LEASE LIABILITY ACTUARIAL LIABILITIES ANNUITIES CHARITABLE REMAINDER TRUSTS NET ASSETS UNRESTRICTED TEMPORARILY RESTRICTED PERMANENTLY RESTRICTED
9,182,166 539,110 9,721,276
8,901,105 436,129 9,337,234
137,074,323 5,813,334 45,938 142,933,595
141,781,472 6,127,738 18,162 147,927,372
4,120,018 14,426,108 12,191,901 $ 184,423,320
4,265,258 14,426,108 1,305,688 $ 179,463,844
$ 144,148 8,590,899 9,733,652
$ 92,084 9,039,339 ----
1,827,765 1,774,536 2,249,041 2,457,202 22,545,505 13,363,161 9,873,724 107,584,593 44,419,498 161,877,815 $ 184,423,320
10,997,258 114,097,081 41,006,344 166,100,683 $ 179,463,844 PAGE 17
FINANCIALS FY 2015/2016
FINANCIALS
STATEMENT OF ACTIVITIES
FY 2015/2016
YEAR ENDED JUNE 30, 2016
RESTRICTED RESTRICTED UNRESTRICTED TEMPORARILY PERMANENTLY REVENUE AND SUPPORT GIFTS CASH AND SECURITIES $ 55,508 $ 12,011,962 $ 2,731,158 NET CHANGE IN PLEDGES RECEIVABLE ---- 824,996 35,281 55,508 12,836,958 2,766,439 LOSSES ON PLEDGES RECEIVABLE
TOTAL $ 14,798,628 860,277 15,658,905
---- 55,508
(497,661) 12,339,297
(81,557) 2,684,882
(579,218) 15,079,687
NET INVESTMENT INCOME SECURITIES INVESTMENT POOL OPERATOR FEE INVESTMENT IN HOTEL AND CONFERENCE CENTER
(1,079,109) 1,429,979 846,304 1,197,174
(3,956,189) (1,429,979) ---- (5,386,168)
---- ---- ---- ----
(5,035,298) ---846,304 (4,188,994)
SALES, SERVICES, EVENTS AND OTHER CHANGES IN DESIGNATION OF PRIOR CONTRIBUTIONS CHANGE IN ACTUARIAL LIABILITIES RELEASE OF RESTRICTIONS
270 (109,606) ---- 13,012,728 14,156,074
369,740 (630,581) (192,048) (13,012,728) (6,512,488)
174,506 740,187 (186,421) ---- 3,413,154
EXPENSES AND LOSSES GRANTS FOR KENT STATE UNIVERSITY ADMINISTRATION
14,439,287 840,321 15,279,608
---- ---- ----
CHANGE IN NET ASSETS
(1,123,534)
NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF YEAR
STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2015
RESTRICTED RESTRICTED UNRESTRICTED TEMPORARILY PERMANENTLY REVENUE AND SUPPORT GIFTS CASH AND SECURITIES $ 81,978 $ 15,346,781 $ 2,455,663 NET CHANGE IN PLEDGES RECEIVABLE (2,498) (84,324) 591,806 79,480 15,262,457 3,047,469 LOSSES ON PLEDGES RECEIVABLE
TOTAL $ 17,884,422 504,984 18,389,406
375 79,855
(14,226) 15,248,231
(112,711) 2,934,758
(126,562) 18,262,844
NET INVESTMENT INCOME SECURITIES INVESTMENT POOL OPERATOR FEE INVESTMENT IN HOTEL AND CONFERENCE CENTER
392,699 1,493,216 910,382 2,796,297
2,124,177 (1,493,216) ---- 630,961
---- ---- ---- ----
2,516,876 ---910,382 3,427,258
544,516 ---(378,469) ---11,056,740
SALES, SERVICES, EVENTS AND OTHER GAIN OR LOSS ON SALE OF PROPERTY CHANGES IN DESIGNATION OF PRIOR CONTRIBUTIONS CHANGE IN ACTUARIAL LIABILITIES RELEASE OF RESTRICTIONS
764 ---- (2,554) ---- 13,980,813 16,855,175
183,303 (177,636) (1,304,382) 108,615 (13,980,813) 708,279
25,077 ---- 1,306,936 (93,438) ---- 4,173,333
209,144 (177,636) ---15,177 ---21,736,787
---- ---- ----
14,439,287 840,321 15,279,608
(6,512,488)
3,413,154
(4,222,868)
EXPENSES AND LOSSES GRANTS FOR KENT STATE UNIVERSITY ADMINISTRATION
15,410,049 677,050 16,087,099
---- ---- ----
---- ---- ----
15,410,049 677,050 16,087,099
10,997,258
114,097,081
41,006,344
160,100,683
768,076
708,279
4,173,333
5,649,688
$ 9,873,724
$ 107,584,593
$ 44,419,498
$ 161,877,815
10,229,182
113,388,802
36,833,011
160,450,995
$ 10,997,258
$ 114,097,081
$ 41,006,344
$ 166,100,683
CHANGE IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF YEAR
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