THANKS ANNUAL REPORT
2019
PRESIDENT’S MESSAGE Dear friends,
There is a Holy Spirit-driven law of exponentiation that is activated through our generosity. I have seen it time and again over the past 28 years as President of Olivet. When we give freely and gladly to the causes of Christ, God takes our gifts and multiplies them for His good purposes. This miracle of increase and expanse is certainly true with our gifts and giving to Olivet. When we give to Olivet, our gifts fuse with the generosity of others and a divine force for good is once again advanced in the world. A transfer of blessing occurs and we participate fully in the moving of the Spirit through the lives of thousands of Olivet graduates — women and men inspired to accomplish great things for God. The truth is that through our giving, we go with Dr. Teresa Woodruff ’85 as she enters the laboratory and leads teams to find cures for cancer. We go with Suzanne Bell ’98 in her extraordinary work for NASA and space travel. We step onto the stage of the Metropolitan Opera in New York City with Bradley Garvin ’87 as he spreads joy through his singing, artistry and testimony. We go
2
with Rusty Funk ’07 as he brings clean water to thousands of the least of these with Team World Vision. We go with LaMorris Crawford ’06/’12 M.O.L. as he ministers to NFL players and their families around the country who are often so desperate for hope, truth, compassion and clarity. We go with our students as they build homes in Papua New Guinea or minister to the homeless in Chicago or prepare for lives of service in thousands of classrooms, churches, hospitals, courtrooms and businesses around the world. The list goes on and on and on. And the incredible tandem truth to this spiritual law of exponentiation is that the one who gives the gift is blessed abundantly as well. What an incredible God we serve! So, on behalf of the entire Olivet family, I want to express our sincere thanks to each of you. You are our advocates, our partners in ministry and our friends. We are grateful to you and for you! Gratefully,
John C. Bowling President
CONTENTS 3 Look what YOU did … 6 Making Connections: One Student’s Story ANNUAL REPORT 2019
8 The Olivet Fund
9 ONU Board Members
0 Financial 1
12 Valuing the Olivet Experience: One Donor’s Story
11 The Olivet
14 The Impact of an ONU Advocate
Overview Foundation
15 Legacy: Dr. James Diehl
LOOKWHAT YOU DID…
2018–2019
YOU BRIDGE THE GAP
between the cost of education and a student’s ability to pay. You provide affordability and accessibility. You advance academic excellence and scholarship. You empower and develop leaders. You broaden the University’s global reach. You elevate the Olivet experience. Thank you!
929
590
223
students received ONU
student athletes received
undergraduates received
SCHOLARSHIPS
SCHOLARSHIPS
SCHOLARSHIPS
FOUNDATION
ACADEMIC
MUSIC
3
S C HO L AR S H I P S AWA R D E D $61,471,002 TOTAL
July 1, 2018–June 30, 2019
62.1
2.9
2.3
0.8
31.9
Scholarships represent a significant portion of the financial aid awarded by the University to 98% of students in fiscal year 2019. ADDITIONALLY, OLIVET’S SCHOOL OF GRADUATE AND CONTINUING STUDIES has a team of Student Financial experts that will help make your education as affordable as possible. Explore online.olivet.edu and ask about financial aid.
CONTINUED >
OLIVET NAZARENE UNIVERSITY
LOOKWHAT YOU DID… CONTINUED
4
2,881 UNDERGRADUATES received Olivet assistance
ANNUAL REPORT 2019
674 FRESHMEN received academic and need-based grants
1,301 undergraduates received
NEED-BASED
GRANTS
2018–2019
290 ENGINEERING STUDENTS received Olivet assistance
452 BUSINESS
309 NURSING
received Olivet assistance
received Olivet assistance
STUDENTS
MAJORS
PICTURED, the Class of 2023
5
OLIVET NAZARENE UNIVERSITY
MAKING CONNECTIONS:
I
6
t didn’t take long for freshman, Savannah Neisch to settle into college life. The same day that she moved in to Williams Hall, she had her first practice with the junior varsity tennis team. That involvement got her instantly plugged in to life at Olivet. Although her college experience has been successful thus far, the road from home was literally and figuratively long and a bit bumpy, and Savannah doubted for a time whether or not all the details would come together. Growing up in Forest, Virginia, Savannah attended a Nazarene church with her adopted mother and siblings. She first heard about Olivet when she attended Nazarene Youth Conference (NYC) 2015 in Louisville, Kentucky. Four years later at NYC 2019, in Phoenix, Arizona, Savannah was able to connect with her future Olivet roommate. She reflects, “I was nervous about the social side of college life, but establishing a connection before I came to Olivet helped relieve that anxiety a little.” Toward the end of her senior year of high
ANNUAL REPORT 2019
school, Olivet was at the top of Savannah’s list, but she wasn’t sure that financing would work out. She implicitly understood that things of value and substance require an investment of time, effort and resources and she resolved to save money to help contribute to the costs of her education. Receiving her award letter and financial aid package helped fill in the gaps to make her Olivet dream a reality. Before enrolling at the University, Savannah and her mom combed through the list of majors in the back of an issue of Olivet The Magazine. She carefully considered options that would allow her to write and communicate, as she has always had a passion for transporting ideas to paper. Olivet initially stood out
from other college options because the University also offers a French minor. After taking French throughout high school, she was determined to continue her studies and travel to France one day; which she plans to do through one of the many study abroad opportunities that Olivet offers. For now, she’s finding a balance between focusing on school and getting involved on campus. In addition to managing her full course load and tennis practice schedule, she holds an on‑campus job with physical plant. Although she’s fully enjoyed the social aspects of Olivet, she relishes a job that allows her to work quietly and independently. As Savannah looks forward to the rest of her college experience, she anticipates years full of stimulating classes, life-long friendships and an abundance of new opportunities to experience new joys in the world around her. She says, “My time at Olivet has been a learning experience. The professors are incredibly knowledgeable about the material and are able to engage the students with their enthusiasm and humor. I’m looking forward to the years ahead.” ■
ONE STUDENT’S OLIVET STORY
Savannah Neisch
OLIVET NAZARENE UNIVERSITY
PARTNER WITH OLIVET AT A LEADERSHIP LEVEL. 8
By partnering with Olivet at a leadership level, you strengthen the Olivet experience and drive transformational change for even more students! As a Leadership Society member, you will be invited to the President’s Dinner at Homecoming and receive a semi-annual President’s eNewsletter. Additionally, at each level, you will enjoy opportunities and benefits designed to delight and surprise you.
Bronze
$1,000
Silver
$5,000
Gold
$10,000
Platinum
$25,000
Become a member today! Email theolivetfund@olivet.edu Your membership level is based on your cumulative gifts to The Olivet Fund in a calendar year (including your company’s matching gifts, if applicable).
FAITHFUL FRIENDS know that all good things come from God. We feel a sense “of We stewardship and we value being a vital part of the mission. It is
our hope that Olivet will continue to influence the lives of students for the good of the kingdom. — Doug ’68 and Sheila (Oswalt) ’70 Perry
”
ANNUAL REPORT 2019
W
e are grateful for the commitment of those who serve on the Board of Trustees, the Foundation Board and the Alumni Board. Their prayerful governance — along with
the exemplary leadership of our administrative team — guides the University with integrity.
OLIVET NAZARENE UNIVERSITY
BOARD OF TRUSTEES Dr. John C. Bowling University President
Dr. Scott Sherwood Chairman
Dr. Ronald Blake Vice Chairman
Dr. Mark L. Hostetler Secretary
Rev. David Anderson Rev. Terry Armstrong Rev. Teresa Baker Rev. Wesley Ball Rev. Jim Ballenger Rev. David Bartley
Mr. Mark Bennett Dr. Cheri Betz Dr. Steven Bohall Rev. Lloyd Brock Mr. Darin Brown Rev. Ken Bushey Dr. Bill Clark Dr. Jeff Crowder Rev. Tim Crump Dr. Mark Davisson Mr. Lance Delbridge Rev. Chris DeMott Mrs. Darcy Dill Dr. Craig Dillman Mrs. Shelley Doering
OLIVET NAZARENE UNIVERSITY
FOUNDATION BOARD
ALUMNI BOARD Dr. John C. Bowling ’71
Secretary
Dr. Jeriel Beard Mrs. Joyce Burggraf Mr. Donald Dreisbach Mr. Richard Dykhouse, Sr.
Ex-Officio Members Dr. Scott Sherwood Dr. Brian Allen Dr. David Pickering
Mr. Tim Alderson ’75
University President
Dr. Ron J. Hyson Executive Director
Mr. Mel Sayes Chairman
Dr. Dan Rexroth Vice Chairman
Mr. David Miller
9
OLIVET NAZARENE UNIVERSITY
Mr. Harvey Gifford Mr. Barry Huebner Mr. Julian Jarvis Mr. George Kalemkarian Dr. Sam Mayhugh Rev. David McCool Mr. Richard McHie Mrs. Phyllis McSwain Mr. Chris Shride Mr. Kevin Sims Dr. William Slattery III
Dr. John C. Bowling
Rev. Randy Owens Rev. Rob Prince Mrs. Jill Rice Mr. Ken Roat Dr. David Roland Dr. Stacey Schmidt Mrs. Cheryl Seymour Mrs. Cheryl Sherwood Mr. Eric Smith Mrs. Cheryl Soper Mr. Dan Taylor Rev. Lisa Ulrich Dr. Cynthia VanSteenburg Mr. Ryan Walker Rev. Ben Walls, Sr. Rev. Brian Wangler Dr. David Williams
Dr. Kevin Donley Mr. DeWayne Doty Rev. Phil Edwards Rev. Shawn Evans Rev. Lane Fosnaugh Rev. Jim Frye Rev. Daniel Garde Dr. W. Glen Gardner Rev. Daniel Gilmore Rev. Kevin Hardy Rev. William Haworth Mrs. Cheryl Ice Mr. Douglas Jones Mr. Brad Kennedy Mr. Terry Kochersperger Rev. Garrett Lee Dr. Cynthia Lewis Dr. Larry McKain
University President
Dr. Brian Allen ’82
Vice President for Institutional Advancement
Mr. Erinn Proehl ’13
Director of Alumni Relations
Mr. Dan Taylor ’79
Alumni Association President
Mrs. Lisa Garvin ’90
Alumni Association Vice President Secretary/Historian
Dr. J. Craig Dillman ’82
Trustee Ministerial Representative
Mr. Ryan Walker ’06
Trustee Lay Representative
Mr. Doug Bricker ’81 Mr. Matthew Buller ’10
Mrs. Naomi Colon ’88 Dr. Quen Dickey ’81 Mr. Douglas Glade ’89 Mrs. Melissa Guerdan ’97 Dr. Anthony Hoovler ’88 Mrs. Katie Jimenez ’06 Mrs. Lauren Larsen ’08 Mr. Scott Lingle ’90 Mrs. Jana McKinley ’85 Mr. Michael Neal ’79 Mrs. Lindsay Peachey ’84 Mr. Steve Shaffer ’77 Mrs. Mary Shoff ’74 Mrs. Maria Slibeck ’97 Mr. Ben Smidt ’07 Mrs. Jessica Swanson ’06 Dr. Rod Thill ’86 Mr. Jeff Williams ’01 Mr. Ted Wozniak ’80
OLIVET NAZARENE UNIVERSITY
FINANCIAL OVERVIEW UNIVERSITY BUDGET SUMMARY July 1, 2018–June 30, 2019
REVENUE
Tuition and Fees . . . . . . . . . . . . Gifts and Grants . . . . . . . . . . . . Room and Board . . . . . . . . . . . . Miscellaneous . . . . . . . . . . . . . . Auxiliary . . . . . . . . . . . . . . . . . . .
$ 118,539,931 77.8% 10,253,573 6.7% 18,301,463 12.0% 3,636,040 2.4% 1,659,939 1.1% _____________ ________
Total . . . $ 152,390,946
100.0%
EXPENSES
10
Instruction . . . . . . . . . . . . . . . . . $ 33,513,122 22.2% Scholarships . . . . . . . . . . . . . . . 60,202,124 39.7% Student Services . . . . . . . . . . . . 16,767,931 11.1% 10.1% Institutional Support . . . . . . . . . 15,388,301 Operation and Maintenance . . . 10,843,978 7.2% Auxiliary . . . . . . . . . . . . . . . . . . . 11,209,585 7.4% Interest Expense . . . . . . . . . . . . 3,521,526 2.3% _____________ ________ Total . . . $ 151,446,567
100.0%
NET REVENUE BALANCE: $944,379
COMBINED GIFT REVENUE UNIVERSITY AND ONU FOUNDATION July 1, 2018–June 30, 2019 (both restricted and unrestricted)
Trustees, Foundation Board, Faculty and Staff. . . . . . . . . . . . $ 1,545,017 14.9% 11.4% Alumni (General Sources). . . . . . . . 1,189,507 Parents. . . . . . . . . . . . . . . . . . . . . . 416,393 4.0% Friends . . . . . . . . . . . . . . . . . . . . . . 1,431,889 13.8% Churches and Religious Organizations. . . . . . 2,120,058 20.4% Corporations (Matching Funds) . . . . . . . . . . . 232,292 2.2% Corporations and Businesses. . . . 1,016,879 9.8% Foundations. . . . . . . . . . . . . . . . . . 1,614,153 15.5% Bequests. . . . . . . . . . . . . . . . . . . . . 834,938 8.0% ____________ ________ Total . . . $ 10,401,126
100.0%
Olivet designates approximately 90 percent of all revenue received toward: • Instruction • Institutional Support • Scholarships • Operations/ • Student Services Maintenance ANNUAL REPORT 2019
Olivet Nazarene University is a 501(c)(3) public charity. The University’s Form 990 is available upon request through the Accounting Office.
THE OLIVET FOUNDATION In 2019, the Olivet Nazarene University Foundation marked
50 years of service
to students — thanks to you. The Foundation secures, manages and distributes funds that assist ONU students. Your investments from endowed gifts — and funds from other planned giving instruments — advance Olivet’s mission today and will benefit future generations of world-changers. We express our appreciation to those who take advantage of the following options: • Gifts of cash, property, stock or other securities • Gifts in memory or honor of a loved one • Gift Annuities, Bequests, Life Insurance and other retirement assets Every endowed gift is directed by a Gift Agreement between the University and you, the investor. During academic year 2019–2020, $1,372,661 is being awarded to 929 students, averaging $1,563 per student.
NEW ENDOWMENTS E S TA B L I S H E D
11
The Frances R. Wertz Memorial Scholarship The Birchard Family Scholarship The Donald and Dorothy Weber Memorial Scholarship The Coach Hodge Memorial Scholarship The McGraw School of Business Engagement Endowment The Samuel H. and Mary Jane Lyle Scholarship The Paul and Phyllis Harp Family Scholarship The James H. and Lynda T. Boardman Scholarship The Alfred and Mary Cobb Memorial Scholarship The Linda Meissner Shattuck Memorial Scholarship The Gibson-Vance Education Scholarship The Frederick and Laura Baker Endowed Scholarship The Morse Memorial Scholarship Fund
Fiscal Year 2019 ONU
Foundation
Gifts: $3,931,796
Fiscal Year 2019 ONU
Foundation
Assets: $55,493,263
OLIVET NAZARENE UNIVERSITY
VALUING THE OLIVET EXPERIENCE: ONE DONOR COUPLE’S STORY
J
oe Bowman graduated from Olivet in 1968 with a degree in music education. After graduation, he met his wife, Carroll. Over their 50 years of marriage, they have raised three children and now have six grandchildren.
12
As a child, Joe received a strong foundation of Christian values and faith in God from his parents. When he looked for a college that would continue to build on that foundation, Olivet was a natural choice. The University reinforced those values and added new dimensions that Joe needed to successfully navigate the turbulences of life. A significant aspect of Joe’s Olivet experience was building meaningful relationships with faculty and staff members. “The attention I received was as a person and not just a number. My professors made huge impacts on my life. Professor Curtis Brady drove to Ohio to be with me after the sudden death of my father during my sophomore year and Professor Dwayne Little took the time to personally explain
ANNUAL REPORT 2019
why tolerance and diversity are so important in living as a Christian. Before coming to Olivet, these concepts of fully living out a life of faith were not a part of my background.” After teaching for seven years as a high school band director, Joe was convinced that a career in education was not the best fit. “I wanted a new direction that would put my training and teaching experience to use in a business environment,” he reflects. “The Lord directed my steps first into a sales position, and then in 1978, He guided me into starting Century Resources, a school fundraising company.” After 40 exciting and successful years, Joe retired, but maintains his position as Chairman of the Board. Joe feels that his life can be summed up through the verse Proverbs 16:9. “The mind of
a man plans his way, but the Lord directs his steps.” Joe says, “I believe Proverbs is telling us that a plan is important. Olivet helped me develop my mind so I could make a plan, implement it and be prepared to take God’s next steps.” “Over time, I have come to have an increased appreciation for the major impact Olivet had on my life. It strengthened my values, increased my faith in God and provided me with the necessary tools to take the steps that God directed in my life.” Looking back at his career and educational experiences, Joe is still confident of his decision to attend Olivet. “If I were talking to a young person who is considering different college options, I would tell them that Olivet offers a quality education guided by Christian values; the University values personal needs as an individual; and that at Olivet, you will meet people who become lifelong friends.” “Carroll and I believe in ONU, and by giving support to the University, we are investing in its mission and helping make a positive difference in our world for generations to come.” ■
13
Joe and Carroll Bowman
OLIVET NAZARENE UNIVERSITY
THE IMPACT OFAN ONU ADVOCATE A s a youth pastor who seeks to cultivate meaningful connections with more than 100 students, Josh Parker ’14 is an ONU Advocate.
14
In six years as a pastor, he has helped seventeen students enroll at Olivet, wholeheartedly believing that the University is a transformative place for students transitioning from high school to the workforce. This past year alone, he brought eight students to Red Carpet Days and twenty-four students to Celebrate Life. Josh says, “I am inspired to be an ONU Advocate
because I was greatly impacted by my experience as a student. Everything including the faculty and staff, chapel services and even the lifelong friendships I have made, deeply shaped who I am and what I believe today. I have seen the impact that ONU has had on my students and the way they have grown and matured personally and spiritually through their time at the University.” ■
JOIN THE NETWORK OF HUNDREDS OF ONU ADVOCATES by speaking about Olivet in your workplaces, classrooms, neighborhoods and churches to help recruit and support students whose lives will be transformed by the Olivet experience. As an ONU Advocate, you can use your words, actions and resources to create an eternal impact in the lives of future Olivet students — and in the lives of all they go on to touch.
Ashley and Josh Parker
▲ Josh graduated from Olivet
with a degree in religious studies and a minor in business administration. After graduation, he accepted a job as the youth pastor for Pekin First Church of the Nazarene. Josh and his wife, Ashley (Hall) ’13 live in Pekin, Illinois.
Olivet Advocates: Promote upcoming Olivet events and programs through the local church and community. ● Share their copy of Olivet The Magazine with someone in their circle of influence. ● Encourage high school students to schedule a campus visit, and help them make arrangements to get to the University. ● Recommend students for the admissions staff to contact. ● Connect Olivet students with local job and internships opportunities through the Career Portal. ● Make a financial contribution to continue furthering the mission of “Education With a Christian Purpose.” ●
Visit olivet.edu/become-advocate for more information ANNUAL REPORT 2019
THE JOYOFGIVING In my adult life, I started giving to people in need. And I got to thinking: why don’t I tithe my estate and designate it for scholarships? That will go on until the end of time. The people at Olivet take care of it, and it actually makes money so it gives even more scholarships!” Dr. and Mrs. Diehl are securing an Olivet legacy through their support now and in their estate. You, too, can explore peace-of-mind benefits through:
• A gift in your Will • A Living Trust or “Give-it-Twice” Trust • Other tax- and family-friendly plans Be sure to ask about Heritage Society membership, too!
Dr. James Diehl
15
RENEWED VISION. BOLD ACTION. Olivet Nazarene University has before it a set of opportunities unmatched since its founding in 1907.
You can “Fuel the Mission.” Your gifts provide sustained, annual support through The Olivet Fund, Leadership Society, annual giving days, Hope Scholarships and crowdfunding initiatives.
You can “Fund Excellence.” Your gifts fund capital and program development across Olivet, including specific academic areas. You can improve the student experience through enhancements in residence halls and common spaces.
You can “Secure the Future.” Your gifts through The Olivet Foundation strengthen the University’s endowment, assisting more students. Gifts through your Will and membership in the Heritage Society create a legacy for generations to come.
OLIVET NAZARENE UNIVERSITY
O NE U NI VER SI T Y AV E N UE , B O UR B O N N A IS , IL L IN O IS 6 0 9 1 4 815-939-5171 | DEVELOPMENT@OLIVET.EDU | OLIVET.EDU
