F E AT U R E S T O R Y
LOVE
IS THE FOUNDATION OF
KNOWLEDGE THE IMPORTANCE OF GIVING BACK
PRESIDENT’S REPORT CONTENTS
14 Scholarships, Financial Aid, Donor Profles 15 Timeline 16 Revenues, Expenditures 18 Net Assets 20 Lifetime Societies
RYAN SMITH PHOTOGRAPHY
22 New Heritage Society,
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Board of Trustees 24 Charitable Gift Allocation
M E S S I A H C O L L E G E • T H E B R I D G E • FA L L 2 0 1 7 | 1 3
FINANCIALS
A President’s Report foreword from Trustee Scott Heintzelman
W
hy do you give to Messiah when you are currently paying your daughter’s tuition – aren’t you giving enough? It is a fair question and something many current parents ask (or graduates ask who may still be paying back loans). For me the answer is simple – it is an investment of love that pays dividends. My wife and I know countless Messiah alums who used their education at Messiah to not only positively change their own life but so often a much broader mission field. Our mission is to educate men and women
toward maturity of intellect, character and Christian faith in preparation for lives of service, leadership and reconciliation in church and society. In our society (and in our churches) we have so much divisiveness and hate. I truly believe what the world needs is Messiah College graduates. As a CPA and current Trustee of the college, I can assure you we operate our finances with fiscal discipline. But costs to educate our students are ever increasing. My dream is to not let Messiah become a school that only a select few can afford to attend, but rather a school that is within reach for many.
In order for this to happen we need to offer scholarships to students and that requires making an investment. I urge everyone reading this to start giving or give more to this vital cause of developing our next generation of leaders who can change the world. Join me in giving back with love! —Scott Heintzelman ’89, Messiah College Trustee
SCHOLARSHIPS THE FOLLOWING SCHOLARSHIPS, ESTABLISHED DURING THE 2016-17 ACADEMIC YEAR, ARE AN INVESTMENT IN THE LIVES OF STUDENTS THAT WILL YIELD FRUITFUL AND LASTING RETURNS.
MARLIN ’76 AND NANCY BENEDICT GENEROSITY OF SPIRIT Marlin and Nancy Benedict met while attending Messiah College. He graduated in 1976, and she finished a nursing degree education at another institution. (Messiah’s nursing program was a few years away from being accredited.) They say they highly appreciate the totality of the Messiah experience in developing the whole person and, in particular, the spiritual growth and faith attributes and opportunities Messiah provided. Following graduation, Marlin served on the Alumni Council from 1981 to 1986, which he also chaired. He also served on the Messiah College Board of Trustees from 1990 to 1998 and chaired the Committee on Finance. They have financially supported the College for more than 40 years. All of their five children graduated from
Messiah: Kevin ’02, Erin ’04 (married to Matthew Bills ’04), Alex ’06, Philip ’10, and Mary Roxanne ’12. The couple recently established two new scholarship endowments at Messiah College—one in accounting (Marlin’s major) and one in nursing (Nancy’s major). We are so grateful they are willing to help students afford the Messiah College experience in a most meaningful way through these scholarships. Marlin said, “We value our relationship with Messiah and the continuing opportunities to support the mission.”
$40 $35 $30 $25 $20 $15
G R OW T H O F F I N A N C I A L- A I D G R A N T S AT MESSIAH
$10 $5 2002
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• E. Morris and D. Leone Sider Grants Program Endowment • E. Morris and D. Leone Sider History Scholarship • W. Edwin & Miriam G. Naugle Endowed Scholarship • David and Ariela Vader Endowment for Collaboratory Disabilities Focused Projects • Eric R. Wenger Endowed Accounting Scholarship
2005
2008
2011
2014
$0 2017
SOURCE: INFO FROM GAAP P&L
in thousands
DONOR PROFILE
• 5 Loaves Scholarship • Finance Major Endowment • Gibson Accounting Leadership Award • Harrington-Root Family Scholarship • Rev. Harry D. & Catherine Hock Scholarship Fund • IBI Travel Endowment Fund • Krimmel/Chilcote Sr. Accounting Award • Christian Lesher Fellows Program • Geoff and Jennifer Rosina Endowed Scholarship Award
FINANCIALS
2017
2016
2015
REVENUES (IN 000S)
DONOR PROFILE
Student tuition and fees Less, financial aid Net tuition and fees Governmental grants and appropriations Gifts and grants Capital gifts Endowment return designated for operations Investment income Other sources Auxiliary enterprises Total operating revenues
95,597 (38,959) 56,638 981 3,253 627 7,187 1,145 4,050 20,686 94,567
93,411 (37,894) 55,517 1,118 3,724 1,508 7,148 637 3,946 21,065 94,663
90,254 (36,039) 54,215 982 2,848 2,179 7,075 643 3,516 21,656 93,114
37,585 9,204 19,028 2,330 15,440 14,127 97,714 (3,147)
35,016 9,512 17,718 2,617 15,230 14,148 94,241 422
32,402 9,438 16,944 2,273 16,696 14,191 91,944 1,170
EXPENSES (IN 000S)
Instructional Academic support Student services Public service Auxiliary enterprises General institutional support Total operating expenses Net operating income
N O N O P E R AT I N G R E V E N U E S , E X P E N S E S A N D OT H E R C H A N G E S ( I N 0 0 0 S )
Endowment and life income gifts 1,563 Endowment investment returns, net of amount designated for operations 5,406 Change in value of beneficial interest in perpetual trusts 222 Other non-operating income Investment return on trusts and gift annuities 653 Change in value of split interest agreements (Trusts and CGA’s) 936 Total nonoperating revenues, expenses and other changes 8,780 Total changes in net assets Net assets, beginning of year Net assets, end of year
5,633 238,085 243,718
2,078
1,501
(8,265) (292) (70) (79) (6,628)
(7,824) (174) 17 (364) (6,844)
(6,206) 244,291 238,085
(5,674) 249,965 244,291
DR. MINH NGUYEN ’80 A HEART FOR GIVING In 1975 when widespread warfare broke out in Vietnam, Minh Nguyen was relocated to a refugee camp in Pennsylvania. Unable to speak English, he had no way to prove to U.S. schools that he had already completed most of his high school education. After learning English, Nguyen applied to and enrolled in Messiah College. Out of the 20 colleges he applied to, only Messiah responded. Today, he is a cardiologist at St. Luke’s Hospital in Bethlehem, Pennsylvania. He fondly remembers the professors and fellow students who helped him more than 40 years ago. “My professional career would not have been possible without Messiah College,” he said. “Messiah took a chance on me and gave me the break that I needed.” The College is grateful for Nguyen’s faithful support as a Messiah Partner every year. Such gifts are a vital part of our goal to keep a Christian education within reach of all students who wish to attend here. “Doctors need not only the sciences, but the humanities, especially with a Christian world view,” explained Nguyen. “It’s very important. For this, I am forever grateful.”
Expenses 16% Auxiliary enterprises 14% Supporting services,
2016-2017 fiscal year 20%
institutional support
Student services
9% Academic support 2% Public service
Revenues
2016-2017 fiscal year
8% Endowment return
designated for operations
60%
Net tuition and fees
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22%
Auxiliary enterprises
39%
Instructional
4% Other sources 3% Operational gifts and grants 1% Capital gifts 1% Government grants and appropriations 1% Investment income
FINANCIALS
2017
2016
2015
S U M M A R Y S TAT E M E N T O F E N D OW M E N T F U N D S ( I N 0 0 0 S )
Donor endowment Board-designated endowment Total endowed funds Endowment percent change
MESSIAH COLLEGE NET ASSETS
38,904 95,278 134,182 6.45%
34,422 91,627 126,049 -3.87%
33,266 97,858 131,124 -4.12%
12,661 2,016 2,362 194 573 1,245 146,682 2,855 3,925 157,577 330,090
10,464 1,761 4,219 190 546 1,548 144,056 2,854 14,526 3,704 145,320 329,188
13,210 1,687 4,736 163 591 1,360 146,684 2,787 595 3,995 134,981 310,789
8,598 1,671 34 1,442 3,853 510 64,872 2,502 2,899 86,372
8,963 1,595 51 1,243 6,272 819 66,916 2,435 2,809 91,103
6,260 1,613 146 1,109 7,341 1,499 43,372 2,410 2,748 66,498
193,955 13,046 36,717 243,718 330,090 5,633
189,870 13,878 34,337 238,085 329,188 (6,206)
196,812 14,896 32,583 244,291 310,789 (5,674)
$ millions 250
ASSETS (IN 000S)
Cash and cash equivalents Notes and accounts receivable, net Promises to give, net Interest receivable Inventories Prepaid expenses and other assets Investments, gift annuities and trusts Loans receivable - students Deposits with trustee under debt agreements Beneficial interest in perpetual trusts Property and equipment, net Total assets
200
150
LIABILITIES AND NET ASSETS (IN 000S)
Liabilities: Accounts payable and accrued expenses Student deposits Funds held in custody for others Deferred revenue Annuities payable Funds held in trust for others Long-term debt U.S. government grants refundable Other liabilities Total liabilities Net assets: Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets Total change in net assets
100 Unrestricted Temporarily Restricted Permanently Restricted
50
0
2009
“Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.”
2011
2 Corinthians 9:7 (NIV)
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2013
2015
2017
FINANCIALS
2.8%
Organizations
SU PPORTERS OF MESSIAH COLLEGE
20.5%
Trustees
20.2%
Current and former parents
18.8%
Alumni
17.3%
1.2%
Government
12.1%
Foundations
Community friends
0.2%
Churches
7%
Businesses
LIFETIME SOCIETIES M E S S I A H L E G AC Y
Lifetime cumulative giving totaling $10,000,000 or more Leonard Fry† Calvin G. & Janet C. High* Abram† & Gladys† Mellinger MESSIAH TRUST
Lifetime cumulative giving of $1,000,000 to $9,999,999 Vernon E. & Faye R. Anderson Ernest L.† ’48 & Kathryn G. (Tyson) ’46 Boyer Brethren in Christ - Cooperative Ministries Covenant Fund Conestoga Wood Specialties Norman† & Elizabeth M. Hahn* Charles F.† & Ann E.† Frey* Emerson C.† ’57 & May† Frey* Larry E. & Lois A. Gladfelter* Harry R.† Hitchcock William M.† & Lucille M.† Hollinger David G.† & Beatriz A.† Howe Richard† & Louise K.† Jordan* Josiah W. & Bessie H. Kline Foundation 2 0 | FA L L 2 0 1 7 • T H E B R I D G E • M E S S I A H C O L L E G E
The Kresge Foundation Ralph S.† & Dorothy Larsen* Lilly Endowment Inc. Martin’s Famous Pastry Shoppe James A. & Donna F. Martin * McCormick Family Foundation W. Edwin† & Miriam† Naugle Galen M. ’48 & Boots L.† (Buckwalter) ’49 Oakes The Parmer Family Foundation George A. & Barbara Parmer* D.S.† & Helen† Poorman Maurice† & Dorothea I.† Shaffer John E.† & Ida† Sollenberger LeRoy M.† ’55 & Eunice (Frey) ’58 Steinbrecher* The Stabler Foundation Donald B. † & Dorothy L.† Stabler The Whitaker Foundation John L.† & C. Jeanette† Witmer World Vision Inc. Anonymous Donors (4) THE PRESIDENT’S CIRCLE
Lifetime cumulative giving of $250,000 to $999,999 Association of Independent Colleges & Universities of Pennsylvania M. Louise† Aughinbaugh Frances H.† Berg
Marion† Barker Burr David E.† ’61 & Jean Byer Charlie B. ’56 & Miriam N. (Nissly) ’56 Byers Asa W.† ’16 & Anna E.† (Kipe) ’16 Climenhaga Cumberland County Industrial Development Authority J. Harold ’58 & Ruth† (Eckert) ’58 Engle * Clarence W. † Hottel Sr. Melvin E.† ’48 & Vivian Eyster * Richard F.† Fake ’37 C.J.† & Harriet† Fredricksen S. Johannah† Gearhart General Electric Foundation HARSCO Corporation Scott A. ’89 & Gaye Y. Heintzelman * Evert C.† & Mildred S.† Hokanson Charles B. & Sally Hoober George C.† & Patricia† Hoopy Clyde W. & Barbara A. Horst D. Ray† ’48 & Audrey (Fisher) ’50 Hostetter * Randall B. ’66 & Judy G. Inskip John A. Blessing Foundation John B.† & Mary V.† Sollenberger John Templeton Foundation Johnson & Johnson Family of Companies Richard E. ’70 & Sharon N. Jordan W. Wayde† & Glenda Kelly Allen F. Knouse ’68 Leon E.† & Margaret M.† Kocher
FINANCIALS
L.B. Smith Educational Foundation Inc. Lawrence L. & Julia Z. Hoverter Charitable Foundation Jeffrey F. ’74 & Leslie (Lustig) ’75 Lehman Wayne A. & Martha G. Marcho * Aaron J. ’48 & Jean† Martin Stephen W. ’78 & Jana M. (Shultz) ’77 McBeth Jacob & Ada Miller Trust Kenneth V. & Renee A. Moreland William L.† & Geraldine† Murray Paul W. & Laura† Nisly PBS Coal Inc. Jeannie Pascale Preis Investment Company Harry W.† & Nancy R. Preis
Quentin Berg Trust Marlin & Nancy† Riegsecker Maynard & Carolyn Sauder Sawyer Products Oscar F.† & Pauline M.† Shaffer The Joseph T. and Helen M. Simpson Foundation Jerry T.† & Hilary M. Simpson Robert H.† ’42 & Marilyn L. (Byer) ’51 Smith Ellis R.† & Louise P.† Speakman Stover Family Foundation Matthew E. & Debra Stover Pew Memorial Charitable Trusts The John Frederick Steinman Foundation The Franklin H. & Ruth L. Wells Foundation
Marlin H. & Doris Ann Thomas Kermit† Thomas Turkey Hill Dairy Daniel† Vollmer W.M. Keck Foundation Amelia C.† Winter Leslie K. & Marion H. Witmer Kenneth E.† & Minta Wolfe Anonymous Donors (6) * Messiah College thanks the parents of our current and former students who continue to generously support the College’s ongoing education mission. † Messiah College gratefully acknowledges the generosity of donors who are deceased.
N E W H E R I TAG E S O C I E T Y M E M B E R S
George M. ’64 & Lois Beck Dale R. ’68 & Harriet S. (Sider) ’68 Bicksler Thomas J. & Sandra K. Chilcote Donna B. ’94 Earhart Andrea L. (Perseponko) Farr ’81 Mark D. ’88 & Karen D. (Danusiar) ’88 Gibson Todd L. ’96 & Katrina Harrington Jeffrey N. ’95 & Alicia M. (Godfrey) ’96 Horst James A. ’82 & Jacqueline (Nemeth) ’83 Krimmel Terry & Darlene Leidy Emerson L. ’74 & Ruth (Detweiler) Lesher Steven D. ’87 & Georgia L. S. (Steinbrecher) ’87 Myers S. Kirk & Loretta J. (Gingrich) ’88 Radanovic Paul D. ’07 & Andrea L. (Britton) ’09 Roman Geoffrey S. ’87 & Jennifer A. (Brown) ’86 Rosina Elizabeth B. Shelly Barbara D. Snyder ’72 Walter & Cornelia Van Beers Eric R. ’99 & Kristine R. (Hornberger) ’99 Wenger “5 Loaves Scholarship” (Brock and Swift families)
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OFFICE OF THE PRESIDENT
Thank you to those who became members of the Heritage Society, now with 565 members, during the 2016-2017 fiscal year. The Heritage Society was established to appropriately thank those who have included Messiah College in their wills, created a deferred gift arrangement or established an endowed fund. Their dedication is greatly appreciated.
B OA R D O F T R U S T E E S | 2 0 1 7–2 0 1 8
George A. Parmer chair Harrisburg, Pa. Dr. Craig E. Sider vice chair West New York, N.J. Heidi G. Bingaman ’80 secretary Kreamer, Pa. Rim A. Hinckley ’83 treasurer New York, N.Y. Barbara Avery Safety Harbor, Fla. Larry Bashore Mechanicsburg, Pa. Wendy L. Cole Winfield, Pa.
Linda D. Eremita Pittsburgh, Pa. Richard L. Godshall Souderton, Pa. Anthony H. Hahn ’93 East Earl, Pa. Scott A. Heintzelman ’89 Mechanicsburg, Pa. Joachim J. Huerter Annville, Pa. Linden K. Hustedt Placida, Fla. Richard E. Jordan II ’70 Mechanicsburg, Pa. J. Gary Langmuir Manheim, Pa.
Dr. Emerson L. Lesher ’74 Mechanicsburg, Pa. James A. Martin Chambersburg, Pa. Kenneth V. Moreland West Friendship, Md. Barbara G. Moses Sicklerville, N.J. Rodney L. Musser ’83 Pomona, Calif. Edward Nevin Finksburg, Md. Linda R. Pheasant Wormleysburg, Pa. Marlin Riegsecker Upland, Calif.
Dr. Alan Robinson Dillsburg, Pa. Anthony J. Schiano Duck, N.C. Eunice F. Steinbrecher ’58, Greenville, Ohio Dr. Kimberly C. Thornbury ’93 New York, N.Y. John C. Wagner Jr. Phoenix, Md. Dr. Jerry L. Wenger Bird in Hand, Pa.
FINANCIALS
A LU M N I C O U N C I L | 2 0 1 6 –2 0 1 7
DONOR PROFILE
LOU AND DONNA RHEA WALTERS A FAITHFUL LEGACY We are always grateful when parents send one of their children to Messiah College. For Lou and Donna Rhea Walters, they ended up sending all four of their daughters—Vanessa ’03, Devon ’06, Leah ’08 and Melanie ’11. The three younger sisters even married Messiah alums—Adam Duryea ’06, Michael Ortiz ’07 and Justin Erb ’09, respectively. The Walterses say they are very grateful for the education their daughters received, both academically and spiritually. The images of the opening candlelight ceremony and the concluding Baccalaureate service remain vivid in their memories.
“We are very honored to work with Messiah,” said Lou Walters. “They have given our daughters a great education and, more importantly, a solid foundation for the rest of their lives and those of their growing families. We give to the College because God has blessed us, and we want others to receive this opportunity for a wonderful start to their lives as adults.” Messiah College thanks the Walters not only for their generous annual support, but also for including Messiah in their estate plans. Over the years, estate gifts have had a significant impact on the financial health of Messiah College, and we are deeply grateful to the Walters family. Who knows? Maybe their six grandchildren all will consider Messiah someday in the future, as well!
George M. Book ’97, MA ’16 Ray Chung ’04 Doris (Heisey) Crider ’60 Rudyard L. Crider ’71 Ethan J. Eshbach ’14 Craig C. Flemmens ’93 Elizabeth S. Gallo ’16 Gina (Blyther) Gilliam ’83 Mark D. Hopkins ’94 Bryan Ji Yang Leong ’16 Scott D. Martin ’91 Louisa T. MfumMensah ’12 Michael B. Miller ’68
Kurt S. Shook ’92 Sean R. Sims ’08 Jacob P. Specht ’11 Charles R. Starr ’68 Martha L. (Brubaker) Starr ’68 A. Kenneth Stern ’68 Lois E. (Brandt) Stern ’70 Kathleen J. (Winger) Stuebing ’59 Ulysse Toussaint ’08 Gerald N. Wingert ’47 Gerald F. Wolgemuth ’58 Ruth A. (Bryan) Wolgemuth ’60
“In their hearts humans plan their course, but the Lord establishes their steps.” Proverbs 16:9 (NIV)
C H A R I TA B L E G I F T S A L LO C AT E D BY P U R P O S E F O R 2 0 1 5 ( F I S C A L Y E A R)
6.2%
Designated budget
39.4%
Building projects
2.2% 21.5%
Restricted gifts and grants
Government grants
20.2%
1.3%
Endowment
Deferred gifts
1.3%
Unrestricted bequests
0.2%
Budgeted restricted
7.8%
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