2008-2009 President's Report and Annual Report of Gifts by Longwood University

sustainability. The Presidentâ&#x20AC;&#x2122;s Report, and 2008 â&#x20AC;&#x201C; 2009 Annual Report of Gifts for Longwood University

The Enduring Boxwood Bush – A Symbol of Sustainability Many plants move in and out of fashion, but one venerable evergreen endures – Boxwood – Buxus sempervirens. Perhaps nature’s oldest garden ornamental , boxwood fossils 22 million years old have been found by naturalists throughout Europe. Its first known ornamental use occurred among the ancient Egyptians about 4,000 B.C. Brought to the fledgling Virginia colony on tall-masted sailing ships centuries ago, the slow-growing Boxwood reminded early Virginians of home. Boxwood enhances the landscapes of such national landmarks as The White House, Mount Vernon , Monticello, and, of course, Longwood University. In troubled and turbulent times like ours today, the rich and varied green leaves of Boxwood remind us of all that is best about cultivation, tradition, refinement and growth – the very embodiment of Sustainability .

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The Presidentâ&#x20AC;&#x2122;s Report and 2008 â&#x20AC;&#x201C; 2009 Annual Report of Gifts for Longwood University

A Message from President Cormier

A Message from President Patricia P. Cormier Dear Friends:

On behalf of the Longwood University Board of Visitors and the Longwood University Foundation Board, I offer our most sincere thanks for your generous support. Whether it is annual fund, scholarship, endowment, Lancer Fund, LCVA or some other area of support, your thoughtful gifts continue to make this institution grow and thrive. We are grateful for your support and do our very best to steward each and every gift in a way that allows Longwood to accomplish its mission in the most efficient manner possible.

Our appreciation takes on greater meaning during these challenging economic times.

The President’s Report

We are aware that, along with budget cuts and uncertainties about job security, there is a sense of uneasiness due to the economic climate that has pervaded our nation and world throughout the past year. So, to all those listed in this report, please accept additional and special thanks for standing together in these challenging times.

We are very proud to present the first online version of The President’s Report. This method of recognizing our donors allowed the university to realize a tremendous savings, thus enabling us to move resources to areas that will further our mission of academic excellence. It also stands as another example of Longwood’s commitment to sustainability. It also is really cool! I hope you think it is cool, too.

I believe that this fiscal year we will see relief in the economy and a return to more prosperous times. While I must temper my optimism, I know that Longwood’s future is bright and, with your support, we will continue on the path of success that has defined this institution for 170 years. In fact, in just the past three months, we have already exceeded last year’s philanthropic totals. Better times are, indeed, ahead.

Once again, please accept my sincere appreciation for your gift. We hope that you will thoughtfully consider supporting Longwood in the coming year.

With appreciation,

Patricia P. Cormier President, Longwood University

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2008 – 2009 In Review Longwood University rode the economic roller coaster last year and, despite a national downturn

to carry us through the year. Here are just a few of the highlights from 2008–09 ...

July 2008

Longwood Receives Grant

Sustainability

in the economy and the ongoing budget crisis in Virginia, there was plenty of good news

Longwood University received a $75,000 grant for a shoreline erosion control project that serves as a demonstration model for environmentally friendly practices. The grant from the U.S. National Oceanic and Atmospheric Administration (NOAA), through the National Fish and Wildlife Foundation, funds the completion of a "living shoreline" project at Hull Springs Farm, an education and research site owned and managed by Longwood on the Northern Neck. The goal of the project, (originally initiated through a $40,500 NOAA grant in 2005), is to control erosion while also preserving or restoring shoreline habitat that supports shorebirds, juvenile fish, tidal

Longwood’s Health and Fitness Center

marsh, submerged aquatic vegetation, and other plant and wildlife species.

Earns Green Innovation Award (7/1)

http://www.longwood.edu/hullspringsfarm.

Longwood University’s Health and Fitness Center received the 2008 Virginia Sustainable Building Network’s Green Innovation Award for Best Green

August 2008

Institutional Project. The award, accepted by Kelly Martin,’07, Longwood’s sustainability coordinator, was presented during the Virginia Sustainable Building Network’s 13th annual meeting at the University of Richmond.

Town of Farmville employee Brian Vandegrift installs one of the new banners by the welcome arch on Main Street.

A Welcome Sight When college students returned for classes last fall, they were welcomed by new Town of Farmville banners sporting the college seals of Longwood University and Hampden-Sydney College, joined by the seal of the Town of A shoreline erosion control project that serves as a demonstration model

Farmville. The new town/gown banners were produced by the Town of

for environmentally friendly practices at Hull Springs Farm.

Farmville with design coordination by Longwood’s Office of Public Relations

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for Environmentally Friendly Project (7/24)

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Longwood Ranks with the Best in 2009 U.S.News Rankings For the eleventh straight year, Longwood University is ranked among the best in the U.S.News & World Report “America’s Best Colleges.” The 2009

Longwood Enrolls Record Freshman Class (8/27)

Report, released on 22 August 2008, continues to rank Longwood as one

Longwood University welcomed a record number of new students when

of the “Top Public Universities – Master’s” in the South at the #11 position.

classes began on August 25. New student enrollment for fall 2008 included

Among all Southern Universities – Master’s (public and private) – Longwood

1,065 freshmen and 165 transfer students for a total of 1,230 new students.

remained within the top tier at the #32 position. Additionally, Longwood is

Longwood’s total enrollment was projected to reach more than 4,800

one of only 139 schools in the Southeast selected as a “Best in the

students, marking the university’s highest enrollment ever. This figure

Southeast” in the Princeton Review’s 2009 Best Colleges: Region by Region

includes off-campus, graduate and online students.

listings. Student opinion data from a total of 630 schools nationwide is featured on the Best Colleges: Region-by-Region section.

SEPTEMBER 2008

Dining Hall Goes Trayless As part of Longwood’s sustainability campaign, the Dorrill Dining Hill went trayless during the fall semester. Trayless dining reduces food waste, conserves water and energy (used to wash trays), and reduces the university’s overall carbon footprint.

Longwood Board Approves New NursingCurriculum and New Major in Environmental Science (9/16) During its fall meeting, the Longwood University Board of Visitors approved the curriculum for the nursing program, which will begin in fall 2009. The Board also approved a new major in environmental science, which will be part of the Department of Biological and Environmental Sciences within the Cook-Cole College of Arts and Sciences.

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OCTOBER 2008

Greg Serwo, ’10

Started at Longwood (10/22)

Dr. Paul Barrett (left), dean of the College of Business and Economics, and

A Longwood student who served in Iraq and Afghanistan with the U.S.

Dr. Charles Ross, dean of the Cook-Cole College of Arts and Sciences, sign

Marines launched a student organization for veterans on campus during

agreement for dual-degree MBA program. Provost Dr. Wayne McWee and

the fall semester.

Dr. Anthony Koyzis, dean of Graduate Studies look on.

Greg Serwo started Longwood Student Veterans to help smooth the transition from soldier to student life. The organization, according to its

MBAdvantage:

mission statement, “coordinates campus activities, advocates for student

Longwood Establishes Dual-Degree Program

veterans’ concerns regarding policy, promotes pre-professional networking,

for Arts/Sciences Bachelor’s Degree & MBA (11/20)

and generally provides a touchstone for student veterans pursuing higher

Thanks to a recently established dual-degree program, MBAdvantage,

education at Longwood.” Specifically, its organizers are working to establish

Longwood students will be able to earn both a bachelor’s degree in one of

a network of resources for student veterans, a “24/7” crisis counseling

four arts and sciences disciplines, and a master of business administration

service and a web site to help veterans understand their benefits under the

(MBA) degree in about five years.

Montgomery GI Bill and the new Post-9/11 Benefits Act.

Students may earn a bachelor of science in chemistry or physics, a bachelor of fine arts in visual and performing arts, or a bachelor of music, then apply for the MBA program if they have completed at least 60 credit

NOVEMBER 2008

hours with a 3.0 grade-point average. To apply for admission to the program, typically at the beginning of the junior year, students must be approved by their department chair and the director of the MBA program. Once admitted, they have to successfully complete five specified business courses during their junior and senior years. The program is patterned after the dual-degree programs in chemistry and physics in which Longwood students earn a bachelor’s degree at Longwood, then another bachelor’s degree or a master’s at one of several schools.

From Port to Sport:

Lancers Get New Press Boxes (11/5)

Two new press boxes, made from modified and recycled freight containers,

were installed at the Longwood Lancers Athletics Complex on Johnston Drive.

The press boxes, featuring steel-welded construction and windows with

double pane insulated tempered glass, were created from shipping containers

and designed with energy efficient and environmentally friendly construction in

support of Longwood’s sustainability program. Painted Lancer blue, the boxes

feature a rooftop platform for sports and news photographers.

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Student Organization for Veterans

Project LINC (Learning in INclusive Classrooms) is funded by a $428,000

grant from the U.S. Department of Education, one of only 23 grants awarded to higher education organizations throughout the country, and the only one in Virginia, to help develop demonstration projects for students with disabilities. The Longwood project seeks to improve foreign language teaching at the introductory level by developing a portable and ongoing training curriculum to support inclusive classroom techniques for new, part-time and

The President’s Report

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temporary faculty, who nationally make up an increasing percentage of foreign language instructors. The project is co-directed by Dr. Sally Scott, director of disability services, and Dr. Wade Edwards, associate professor of French and coordinator of modern languages, who co- authored the grant From left: Bobbie Burton, executive director of Hull Springs Farm;

proposal that was submitted under the category Demonstration Projects to

Dan Brown, president of Earth Resources, the contractor for the project;

Ensure Students with Disabilities Receive a Quality Higher Education.

Katie Register, Hull Springs Farm’s program director; and Dr. Alix Fink,

a Longwood conservation biologist and member of the Hull Springs Farm

Board, with the project in the background.

JANUARY 2009

Hull Springs Farm Shoreline Project Receives Award from State Organization (11/25) The Living Shorelines project at Longwood University’s Hull Springs Farm in Westmoreland County recently won an award from the Virginia chapter of the Soil and Water Conservation Society. http://www.longwood.edu/hullspringsfarm. The project was funded by a grant from the U.S. National Oceanic and Atmospheric Administration, through the National Fish and Wildlife Foundation.

DECEMBER 2008 Longwood is a “Must-See” for Travelers on I-95 Along with Monticello, Williamsburg, and famous Civil War sites, Longwood University is promoted as a “Must-See” attraction at the main Virginia Visitors Welcome Center on Interstate 95. The new Longwood promotional campaign, coordinated by Longwood’s agency CRT/tanaka, features a large translite poster display that will catch the visitor’s eye as soon as they enter the center.

Dr. Wade Edwards and Dr. Sally Scott

New Nursing Program Approved On January 28, the Virginia Board of Nursing approved a new bachelor

Longwood Implements Federal Grant

of science in nursing (BSN) program at Longwood University. Longwood

to Enhance Foreign Language Instruction

is expected to enroll 35 students with classes to begin in fall 2009.

of Students with Disabilities (12/15)

“The new nursing program will allow Longwood University to meet

Longwood University has begun a three-year demonstration project to study

a critical need for health care in south-central Virginia,” said Longwood

and enhance foreign language instruction for students with disabilities.

President Patricia Cormier.

Patricia and Raymond Cormier at the LCVA Gala Ultraluxe.

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FEBRUARY 2009

Longwood Launches The Cormier Honors College The Longwood Board of Visitors approved the renaming of the former Honors Program and Cormier Citizen Scholars Program during its September 2008 meeting. The new Cormier Honors College for Citizen Scholars blends both programs and is open to all eligible Longwood students. The goal of the Cormier Honors College is to meet the needs of academically gifted and talented undergraduate students through a distinctive living-learning community that links intellectual growth with the LCVA director K. Johnson Bowles and gala committee member

practice of citizenship.

Kristin Gee enjoy the success of Ultraluxe.

LCVA Gala Raises Over $87,000 The Longwood Center for the Visual Arts Gala “Ultraluxe,” raised over $87,000 from sponsorships from individuals and businesses as well as from auction sales from works of art donated by artists and collectors. The revenue generated from this biennial benefit will be used for operational expenses related to educational programming at the Center.

LSBDC staff members (front, from left) Jenna Girardi, Dawn Garrett,

MARCH 2009

Kim Ray and Diane Arnold, and (back, from left) Larry Harris, Sherri Moore,

Pat Hood, Sheri McGuire (executive director), Dick Ephgrave

Longwood President and Rector Announce Plans

and Dave Slayton.

for Presidential Transition Period Longwood University President Patricia Cormier officially announced March

Longwood Small Business Development Center

5, 2009 that she will retire June 30, 2010. A new president is expected to be

Receives Statewide Award

selected by the spring semester of 2010. “While this is a formal

The LSBDC received the Excellence and Innovation Center Award from the

announcement of my impending retirement, it really is just a reiteration of an

Richmond district office of the U.S. Small Business Administration (SBA).

announcement made two years ago, when the Board of Visitors extended

The Richmond SBA district encompasses all of Virginia except for four

my contract,” Dr. Cormier said in a campus-wide ceremony in Lankford

localities in Northern Virginia. The award, presented in Richmond,

Ballroom on March 5, the 170th anniversary of Longwood’s founding.

recognizes “excellence in providing value to small businesses and

“This is my thirteenth year as your president, and the time is coming for

advancing program delivery and management through innovation.”

Raymond and me to move on and do something else with our lives.”

In May, the LSBDC celebrated its 20th anniversary.

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for Citizen Scholars (3/16)

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APRIL 2009

Longwood men’s basketball head coach Mike Gillian was named the Independents Coach of the Year by CollegeInsider.com.

Longwood Men’s Basketball Enjoys Finest Division I Season Longwood’s men’s basketball team won 10 of its final 14 games to finish 17 14 overall for its best season as a Division I program. Senior Dana Smith led the Lancers throughout the year while averaging career-bests of 14.8 points and 6.4 rebounds, and sixth-year head coach Mike Gillian was named the Independents Coach of the Year by CollegeInsider.com. It was the highest win total since 2000-01 as the +8 turnaround from the previous season tied for 18th-best in Division I. The highlight was January 3 as Longwood defeated George Washington University of the Atlantic 10 Conference 80-78 at Willett Hall in Farmville for the biggest win in school history over a program that had recently advanced to the NCAA Tournament for three-straight years (2005-07).

Céline Cousteau and Patricia Cormier

Céline Cousteau on Campus (4/3) Céline Cousteau, international project coordinator for the Ocean Futures Society and granddaughter of Jacques Cousteau, presented a public lecture "People and the Natural World: An Exploration of Connections" in April as part of Longwood’s EarthFest celebration, a week of events designed to raise awareness of environmental issues and to promote Longwood’s sustainability efforts.

Longwood’s sustainability coordinator Kelly Martin, ’07

Longwood Earns National Wildlife Federation

LCVA Receives Top Honors

Video Award for Sustainability Efforts (4/10)

In National AAM Competition

Longwood University was the only school in Virginia to earn an award in the National Wildlife Federation’s (NWF) competition “Chill Out: Campus

Art is certainly what draws visitors to exhibitions, but the art – along with

Solutions to Global Warming.” The program honors U.S. schools that are

visitors’ appreciation of it – is supported by a variety of small, sometimes

advancing creative solutions to global warming on their campuses.

unnoticed elements such as labels or invitations. The LCVA recently won

Longwood is one of eight winning schools that were chosen from

two national awards for just these items. Both winners were displayed at

a national pool of entries.

the 2009 national meeting of the American Association of Museums (AAM)

Longwood won the NWF’s video award for its outstanding green initiatives and programs. The university has implemented measures to

in Philadelphia. First, a label for a recent LCVA exhibition received top recognition in

promote a greener campus, from big projects like a transportation overhaul

the 2009 Excellence in Exhibition Label-Writing Competition organized by

to a program to reduce cigarette litter. Amanda Thomas, ’09, a liberal

the Curators Committee of the American Association of Museums. The

studies/elementary education major, and Jenna Rooney, ’09,

winning label represented the exhibition It’s Giving Me the Creeps! Art from

a liberal studies/special education major, developed the video

the LCVA Permanent Collection that Scares the Staff. The label identified

“Longwood ... Creating A Sustainable Future” which can be viewed

and elaborated on artist Mari A. Newman and her untitled depiction of an

at www.gogreentube.com/watch.php?v=NDc1NDEx.

orange doll. Each label in the exhibition featured not only traditional identifiers about a work’s artist, title, and media, but it also displayed the opinions of the LCVA staff members who found the work to be disturbing. Second, an invitation for a donor recognition event designed by publications and visual arts director David Whaley won first prize in its class for the AAM’s Museum Publications Design Competition. The invitation was featured in the July/August issue of the AAM’s magazine, Museum. The invitation honored William and Ann Oppenhimer for their creation of a folk art collection at the LCVA. The key image – which was used for both the invitation and an accompanying refrigerator magnet –

Longwood Women’s Golf, Women’s Tennis Post Perfect APR The Longwood women’s golf and women’s tennis programs posted perfect scores of 1,000 in the latest release of the multi-year NCAA Division I Academic Progress Rate (APR) scores. These two teams posted multi-year APR scores in the Top 10 percent of all squads in their respective sports. Additionally, this marks the second-straight year that these two intercollegiate programs have attained this stellar academic distinction.

was Howard Finster’s Mr. Coke, 1989.

The President’s Report

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MAY 2009

JUNE 2009

The President’s Report

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Gov. Tim Kaine (middle) and Dr. Gary Nelson (far right), who runs Longwood’s liberal studies program at New College Institute (NCI) in Martinsville, congratulate the first Longwood students to receive bachelor’s

The ceremonial ribbon at Longwood’s new Chick-fil-A was cut by (from left)

degrees at NCI, who are (from left) Emily Clark, Ashley Smith, Emily Harrell,

Farmville Mayor Syd Newman; President Dr. Patricia Cormier; Kathy

Heather Hoffman, Michelle Barker, Lance Janney and Roxanne Collins.

Worster, vice president for administration and finance; Grant Avent, director

of Longwood Dining Services; Pam Neff, ARAMARK district manager; and

First Group of Longwood Students Graduate

Dr. Tim Pierson, vice president for student affairs.

from Program at New College Institute (5/7) Seven Longwood University students who graduated on May 9, represented

Longwood’s Chick-fil-A Opens

the first Longwood graduates at New College Institute (NCI), a state-funded

at Midtown Square on June 18 (6/8)

higher education institute in Martinsville. The students received their

Longwood’s Chick-fil-A restaurant at Midtown Square opened for business

degrees through Longwood while taking most of their courses at NCI,

with a special ribbon cutting on the afternoon of June 17. As far as known,

in addition to some courses online. All seven of the Longwood graduates

this is the only Chick-fil-A restaurant operated by a college dining service

received a B.S. in liberal studies and plan to teach. Gov. Tim Kaine

to have a retail location open to the public.

addressed the NCI graduates during a recognition ceremony.

“Students, faculty, and staff have been long anticipating the return of Chick-fil-A to the Longwood campus, and I know that it will be a popular dining destination,” said President Patricia Cormier just before she and others cut the ceremonial ribbon. “Not only will it be welcomed by our Longwood community, but, just like Barnes & Noble beside it, the addition of Chick-fil-A will be a welcome addition and option for the greater Farmville and Prince Edward communities as well.”

Longwood Student Chosen to Perform with International Music Ensemble Longwood University senior Shannon Rivera was been selected to perform

Dr. Helen Warriner-Burke ’56

with the International Youth Wind Orchestra (IYWO).

Elected as Rector of Board of Visitors (6/18)

Rivera played flute in the ensemble, made up of about 50 outstanding

For the first time in over five years, the Longwood University Board

musicians, ages 18 to 25, chosen by audition from throughout the world.

of Visitors will be led by one of its own – Dr. Helen Warriner-Burke,

The IYWO will performed at the 14th Conference of the World Association

Class of 1956. Dr. Warriner-Burke, a retired educator, was elected as rector

of Symphonic Bands and Ensembles in Cincinnati.

of the Board of Visitors during its June meeting on campus. Other board

Rivera is a music education major from Ashburn in Loudoun County.

elections included Otis Brown, vice rector; Jane Brooke, ’63, secretary;

At Longwood she studies flute under Mary Ann Archer, the former principal

and Hank Kim, ’90, member-at-large. Dr. Warriner-Burke, who had been

flutist with the Metropolitan Opera Orchestra. She performs in the Longwood

secretary, succeeds Marge Connelly as rector.

Wind Symphony, Camerata Singers, Flute Ensemble and Percussion Ensemble, and she is a member of Sigma Alpha Iota, a music fraternity for women, and the Student Educators National Conference. After graduating, Rivera plans to open a private flute studio where she will teach flute. She wants to later earn a master’s degree in performance, then eventually earn a doctorate and teach on the college level.

www.growbydegrees.org

Longwood University Endorses Grow By Degrees Campaign (6/22) Longwood President Patricia Cormier pledged her support of the Grow By Degrees campaign (www.growbydegrees.org) launched on June 22 by the Virginia Business Higher Education Council (VBHEC). The goal of the program is to promote economic growth in Virginia through higher education. The Grow By Degrees campaign is the first of its kind and is intended to initiate a dialogue of creative, innovative and cost effective ways of achieving the coalition’s primary goals and objectives. Shannon Rivera, ’10

The President’s Report

Sustainability

2008 â&#x20AC;&#x201C; 2009 Financial Report

The Longwood Foundation Inc. Report A Report from Hazel P. Duncan, MBA, CMA

Financial Report

Longwood University Foundation Inc. Chief Financial Officer / Secretary / Treasurer The fiscal year that ended June 30, 2009 has been a real roller coaster ride. Similar to many hyper-coasters we saw a very dramatic drop near the beginning of the year and then some smaller drops until the end of the ride. This was not a ride that affected a few riders

The President’s Report

but one that affected everybody. The recent economic crisis was sector-wide and worldwide. The good news is that now we are slowly coasting to a stop. However, as bad as this news may be, the Foundation’s investments are still strong.

Several financial achievements merit special attention:

Scholarship payments increased $58,469 over the previous year.

Support to Longwood University increased $45,687

Contribution & Earnings 2000 – 2009

(in millions)

Investment Performance A goal of the Foundation is to achieve investment performance that supports

the next fiscal year the scholarship distributions will be reduced to payout at

stable endowment spending from year to year in order to provide steady

90 percent of this year’s distribution amount. In addition, no underwater

predictable funding for programs. For fiscal year end June 30, 2003, the

funds will be processed from that fund. We will either use an alternative

Foundation Board of Directors approved a reduction of our spending rate

source or reserves to pay the awards from these funds.

should be managed so that a gift today will fund a donor’s objective in

The Foundation wishes to specifically thank all those donors who were kind

perpetuity. The change to a four percent spending rate enables each

and willing enough to provide additional contributions to cover awards for

individual endowment to maintain the real value of the endowment and

some of these funds. Your generosity has been a great help during this

keep pace with inflation. Prudent decisions such as this have enabled the

economic crisis.

Foundation to sustain the distributions to the university for scholarships as well as other programs during market downturns.

Financial Report

by one percent. The overriding principle for this move is simple: funds

Cherry, Bekaert and Holland, PC conducted their annual independent audit

The recent market crisis has caused many of our endowed funds to be

A copy of the annual audited financial statements can be found on the

considered “underwater.” This means that the market values of these funds

Foundation website located at www.longwood.edu/foundation. Following

are now less than the original gift values. It is the Board’s position that these

this summary I have included a more detailed report that highlights our

funds should be allowed to grow and strengthen once more. Therefore, for

endowment activity and the Foundation’s management policies.

Scholarship Awards 2000 – 2009 4% Spending Rate 5% Spending Rate

The President’s Report

and the Longwood University Foundation received another unqualified audit.

Annual Report on the Pooled Investment Fund

This report has been prepared to provide information about our donor-raised

The Longwood University Board of Directors has adopted the strategy of

funds and the management and performance of the Longwood University

investing endowment assets to preserve the long-range purchasing power

Foundation’s Pooled Investment Funds.

of the endowment in order to provide intergenerational financial support for programs that the endowed funds were created to benefit.

The President’s Report

Financial Report

The Longwood University Foundation’s Board of Directors had delegated the investment management of the Pooled Investment Funds to the finance

The endowed funds held by the Foundation provide a consistent level

committee, which operates within the parameters of the Investment Policy.

of support for current and future needs of Longwood University. The primary investment objective for the endowed funds is maintaining the purchasing

The Finance Committee seeks investment returns through a diversified

power of each individual endowment over time by reinvesting part of the

investment portfolio consistent with the approved Investment Policy.

endowment’s earnings and appreciation each year. If the principal value of

To achieve its investment objective, the Longwood University Foundation

the endowment grows at or above the rate of inflation, an increasing stream

has retained an independent investment firm since April 2001 to provide

of income will be generated to meet the rising costs of education, research,

ongoing evaluation of economic conditions, review manager performance

and campus life. The chart below represents the fair market value of the

and provide advice on asset allocation and performance enhancement.

endowment funds for each fiscal year over a ten-year period.

Endowment Dollars FY 2000 – 2009

(in millions)

Investment Performance The endowment’s performance is calculated on a total return basis, which

These are only a few of the activities our funds have been used for during

measures the performance of equity, fixed income and alternative

this past year. We are fortunate to have donor-raised funds that support

investments. Total return (for purposes of this report) is the combination of

university programs system-wide.

income, dividends, and gains and losses for the fiscal year net of investment

endowment as a whole rather than on each separate endowed fund.

FY 2009 Support by Purpose

Depending upon the timing of additions to an individual fund, returns on a specific endowed fund may vary from the combined results.

The President’s Report

Foundation Program Support Endowment funds and non-endowed funds support university programs as designated by the donors. Programs supported by the spending policy distributions include scholarships, fellowships, and professorships, to name a few. Non-endowed funds support capital projects and college department programming.

Many important university activities could not be achieved without the financial support from the Longwood Fund. This year these funds made the following activities possible:

30 students were provided scholarships to aid with study abroad opportunities. Public Service 19 students were sent to regional and national honors conferences

Academic Support

to present their research. We estimate that an additional

Student Services

30 presentations were made at local and university conferences.

Institutional Support Operation & Maintenance of Plant

9 students’ research projects were sponsored.

Auxilary Scholarships & Awards