Annual Report - 2020

THANKS ANNUAL REPORT

2020

PRESIDENT’S MESSAGE Dear friends,

This has been a year like none other. The COVID-19 pandemic along with many of the complexities facing our nation created a series of challenges and interruptions. However, I want to bear witness that there has been no disruption in the faithfulness of God, through the Holy Spirit, in our midst.

The Lord has been with us in the smallest details and the greatest challenges. God indeed makes “a way in the wilderness and streams in the wasteland.” As the Apostle Paul declared, “And my God shall supply all your needs according to His riches in glory by Christ Jesus.”

As I begin my final semester as President of Olivet, I am filled with a variety of thoughts and emotions, but most of all I want to say thank you. Thank you to the entire Olivet family for your extraordinary support over the past 30 years. Your generosity and kindness will not only live on in my mind and heart, but will also ripple to the lives of Olivet students for generations to come.

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And, thanks be to God for the opportunity to serve the people of Olivet — parents, pastors, congregations, donors, colleagues, community members, faculty, staff, alumni and friends — but especially the students. Jill and I love you all and are grateful for each one of you!

May the Lord bless you and keep you.

John C. Bowling President

CONTENTS

3 The Impact YOU Create 6 Staying Connected:

8 The Olivet Fund

One Student’s Story

ANNUAL REPORT 2020

9 ONU Board Members 10 Financial Overview 11 The Olivet Foundation

12 Preparation for Service:

Olivet’s Influence on Our Lives

14 The Impact of an ONU Advocate 15 Legacy: A Deep Well

THE IMPACT YOUCREATE

2019–2020

You are a change agent for students!

Overall, you elevate the Olivet experience and advance a critical mission. Thank you!

929

571

243

students received Olivet

student athletes received

undergraduates received

SCHOLARSHIPS

SCHOLARSHIPS

SCHOLARSHIPS

FOUNDATION

ACADEMIC

MUSIC

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S C HO L AR S H I P S AWA R D E D ADDITIONALLY, OLIVET’S SCHOOL OF GRADUATE AND CONTINUING STUDIES

$64,817,739 TOTAL

July 1, 2019–June 30, 2020

61.0

3.8

2.2

0.6

32.4

Scholarships represent a significant portion of the financial aid awarded by the University to 99.3% of students in fiscal year 2020.

has a team of Student Financial Service experts that will help make your education as affordable as possible.

Explore online. olivet.edu and ask about financial aid.

CONTINUED >

OLIVET NAZARENE UNIVERSITY

THE IMPACT YOUCREATE CONTINUED

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2,784 UNDERGRADUATES received Olivet assistance

ANNUAL REPORT 2020

677 FRESHMEN received academic and need-based grants

1,265 UNDER-

250 ENGINEERING

received need-based grants

received Olivet assistance

GRADUATES

STUDENTS

2019–2020

359 BUSINESS

297 NURSING

received Olivet assistance

received Olivet assistance

STUDENTS

MAJORS

43 PASTORAL

38 YOUTH MINISTRY

received Olivet assistance

received Olivet assistance

MINISTRY MAJORS

MAJORS

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OLIVET NAZARENE UNIVERSITY

STAYING CONNECTED: ONE STUDENT’S OLIVET STORY

D

eveloping community can be difficult, especially when opportunities to connect are limited. However, junior Jesse Castro has established a sense of belonging throughout his time as an Olivet student.

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Appreciating the relational community of the small Christian high school he attended, Jesse looked for a similar collegiate environment where he could get to know people on a very personal level. Every summer of high school, Jesse’s basketball team had a tournament at ONU. Although attending the University wasn’t initially on his radar, the welcoming energy he felt on his first campus visit gave Jesse confidence that Olivet could be the right fit.

He applied to Olivet his senior year of high school, but didn’t actually commit until late in the summer before freshman year. “Everything was a little bit rushed,” he recalls. “But

ANNUAL REPORT 2020

I still felt God calling me to Olivet.”

Jesse started his freshman year as a nursing major.

However, after the fall 2020 semester, he decided to transition to studying exercise science, hoping to eventually follow in his mother’s footsteps as a physical therapist.

At Olivet, Jesse has fully taken advantage of a vibrant social life. He frequently takes part in school events, intramural sports and living in community in the campus apartments.

Going to weekly Upper Room services and small class events have provided him with opportunities to make meaningful memories with

friends. Sharing his musical talents as a chapel pianist during the worship portion of chapel services has given him purpose and connection.

“I’m very happy with what Olivet has to offer,” Jesse reflects. “I love how the school plans for students to have fellowship.”

Even with endless changes over the past year, he’s found consistency through the people that make up the Olivet community.

“Specifically, my professors and friends have always been there,” Jesse says.

“The care that the professors have for us really shows all over campus.”

Despite the undeniable challenges of going to college in the midst of a pandemic, Jesse has still enjoyed his Olivet experience. “It was really nice to be on campus in the fall. I was able to stay connected and take advantage of a great community with great friends.” ■

Jesse Castro

OLIVET NAZARENE UNIVERSITY

PARTNER WITH OLIVET AT A LEADERSHIP LEVEL. 8

When you partner with Olivet at a leadership level, you create increased mission momentum and strengthen the Olivet experience for even more students.

Leadership Society members receive an invitation to the President’s Dinner at Homecoming and receive a semi-annual President’s eNewsletter. You’ll also enjoy special opportunities and benefits designed to surprise and delight you!

 Bronze

$1,000

 Silver

$5,000

 Gold

$10,000

 Platinum

$25,000

Become a member today! Email theolivetfund@olivet.edu Your Leadership Society membership level is based on cumulative annual gifts in a calendar year (including your company’s matching gifts, if applicable).

FAITHFUL FRIENDS I went to two different grade schools, one high school and four different “colleges.

The one that made the most impact on me was Olivet. Its school

song is the only one that has stuck in my memory. ‘My Olivet, Our Olivet.

I’ll love the Christ you gave first part.’ Olivet has been easy to love — and give to — because I love its purpose! — Jerry Whittington ’58

”

ANNUAL REPORT 2020

Jerry Whittington

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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. David Bartley Dr. Cheri Betz Dr. Steven Bohall

Rev. Lloyd Brock Mr. Darin Brown Rev. Ken Bushey Dr. Bill Clark Rev. Jennifer Coffman Dr. Jeff Crowder Rev. Tim Crump Dr. Mark Davisson Mr. Lance Delbridge Rev. Chris DeMott Mrs. Darcy Dill Dr. Craig Dillman Mrs. Shelley Doering Dr. Kevin Donley Mr. DeWayne Doty

OLIVET NAZARENE UNIVERSITY

Rev. Brad Dyrness Rev. Phil Edwards Rev. Shawn Evans Rev. Lane Fosnaugh Rev. Jim Frye Mr. Daniel Garde Dr. W. Glen Gardner Mrs. Phyllis German Rev. Daniel Gilmore Rev. Aaron Gregory Mr. Douglas Jones Rev. Tim Kellerman Mr. Brad Kennedy Rev. Garrett Lee Dr. Cynthia Lewis Dr. Larry McKain Rev. Rob Prince Mrs. Jill Rice

Mr. Ken Roat Mr. Mel Sayes Mr. Ken Schmidt Dr. Stacey Schmidt Mrs. Cheryl Seymour Mrs. Cheryl Sherwood Mr. Eric Smith Mrs. Cheryl Soper Mr. Dan Taylor Mrs. Heidi Taylor Dr. Michael Taylor Rev. Lisa Ulrich Dr. Cynthia VanSteenburg Mr. Ryan Walker Dr. Brian Wangler Dr. David Williams Rev. Daniel Wine

OLIVET NAZARENE UNIVERSITY

FOUNDATION BOARD

ALUMNI BOARD

Dr. John C. Bowling

Dr. John C. Bowling ’71

University President

Dr. Ron J. Hyson Executive Director

Mr. Mel Sayes Chairman

Dr. Dan Rexroth Vice Chairman

Mr. David Miller Secretary

Dr. Jeriel Beard Mrs. Joyce Burggraf Mr. Donald Dreisbach Mr. Richard Dykhouse, Sr. 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 Ex-Officio Members Dr. Scott Sherwood Dr. Brian Allen Dr. David Pickering

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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

Mr. Tim Alderson ’75 Alumni Association Secretary/Historian

Dr. J. Craig Dillman ’82

Trustee Ministerial Representative

Mr. Ryan Walker ’06

Trustee Lay Representative

Mr. Matthew Buller ’10 Dr. Quen Dickey ’81 Mr. Jordan Gallup ’06 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 Dr. Cassie Mecklenburg ’03 Mr. Michael Neal ’80 Dr. Chris Peal ’86 Mr. Bill Religo ’67 Mrs. Jordan Schriver ’15 Mrs. Mary Shoff ’74 Mr. Ben Smidt ’07 Dr. Jessica Swanson ’06 Mrs. DeAnn Winter ’89 Mr. Ted Wozniak ’80

OLIVET NAZARENE UNIVERSITY

FINANCIAL OVERVIEW UNIVERSITY BUDGET SUMMARY July 1, 2019–June 30, 2020

REVENUE

Tuition and Fees . . . . . . . . . . . .

Gifts and Grants . . . . . . . . . . . .

Room and Board . . . . . . . . . . . .

Miscellaneous . . . . . . . . . . . . . .

Auxiliary . . . . . . . . . . . . . . . . . . .

$ 113,931,430 79.2% 9,687,724 6.8% 16,758,472 11.7% 2,125,773 1.4% 1,183,652 .9% _____________ ________

Total . . . $ 143,687,051

100.0%

EXPENSES

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Instruction . . . . . . . . . . . . . . . . . $ 32,977,327 22.0% Scholarships . . . . . . . . . . . . . . . 62,113,289 41.4% Student Services . . . . . . . . . . . . 16,041,262 10.8% Institutional Support . . . . . . . . . 14,613,291 9.8% Operation and Maintenance . . . 10,512,478 7.0% Auxiliary . . . . . . . . . . . . . . . . . . . 10,067,344 6.8% Interest Expense . . . . . . . . . . . . 3,422,593 2.2% _____________ ________ Total . . . $149,747,584

100.0%

NET REVENUE BALANCE: -$6,060,533

COMBINED GIFT REVENUE UNIVERSITY AND ONU FOUNDATION July 1, 2019–June 30, 2020 (both restricted and unrestricted)

Trustees, Foundation Board, Alumni Board, Faculty and Staff. . . . . . . . . . . . $ 1,209,832 12.6% Alumni (General Sources). . . . . . . . 1,446,712 15.2% Parents. . . . . . . . . . . . . . . . . . . . . . 300,389 3.2% Friends . . . . . . . . . . . . . . . . . . . . . . 950,065 10.0% Churches and Religious Organizations. . . . . . 2,029,303 21.3% Corporate Matching Funds. . . . . . 179,865 1.9% Corporations and Businesses. . . . 981,311 10.2% Foundations. . . . . . . . . . . . . . . . . . 1,549,161 16.3% Bequests. . . . . . . . . . . . . . . . . . . . . 885,257 9.3% ____________ ________ Total . . . $ 9,531,895

100.0%

Olivet designates approximately 90 percent of all revenue received toward: • Instruction • Institutional Support • Scholarships • Operations/ • Student Services Maintenance ANNUAL REPORT 2020

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 The Olivet Foundation exists to secure, manage and distribute 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.

Faithful mission investors (like you) can take advantage of creative options:

• Gifts through your Will, Gift Annuities, Life Insurance and other retirement assets • Gifts of cash, property, stock or other securities • Gifts in memory or honor of a loved one

Every endowed gift is directed by a Gift Agreement between the University and you, the investor.

During fiscal year 2020, the Olivet Foundation provided $1,806,700 for scholarship awards and program distributions.

NEW ENDOWMENTS E S TA B L I S H E D

The Brenda S. Forshee (Starner) First Generation Scholarship

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The Raymon E. Baker Scholarship The Phyllis (Lukehart) Fuja Scholarship The Mary Jean Scott Memorial Scholarship The Schnicker-Garvin Scholarship The David and Ella Elwood Scholarship The Margaret and Claude Bazile Scholarship The Denise Stiles-Dickey Elementary Education Scholarship The Edgar E. and Muriel E. Scammahorn Memorial Scholarship The Buck and Carrie Stimson Scholarship The Dr. Carlton and Betty Hansen Scholarship The Gill Family Scholarship The Joy Love Johnston Memorial Scholarship The Wanda Winburn (Milner) Scholarship

Fiscal Year 2020 ONU

Foundation

Gifts: $2,443,678

Fiscal Year 2020 ONU

Foundation

Assets: $57,944,648

OLIVET NAZARENE UNIVERSITY

PREPARATION FOR SERVICE: OLIVET’S INFLUENCE ON OUR LIVES

W

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hen Ron McSwain ’64 and Phyllis (Starner) McSwain ’63 are asked about their support of Olivet they give a quick and decisive answer: “The quality of the product Olivet produces is extraordinary,” they answer without hesitation.

“It is so exciting to play a part in equipping young people with a superb education immersed in biblical Christian principals to be ready to make a difference in our world.”

Ron and Phyllis feel they are living products of Olivet’s superb education. Ron majored in business and credits the entrepreneurial experience of Professor Leonard E. Anderson with equipping him to enter the University of Michigan MBA program with 30 percent advanced credit.

Phyllis names Professor Virgie Stewart, a former Latin America missionary, her Spanish Instructor, as

ANNUAL REPORT 2020

a major influence in her life.

“If you think something nice about someone tell them. It may be just what they need to hear,” is advice Phyllis still practices today.

Ron and Phyllis first met at Olivet. Both were first generation students but with very different personalities and backgrounds. They realized God had a plan to bring them to Olivet and to eventually bring them together. Phyllis

loved the social side of college, the formal parties, drill team, and serving as a mentor. Ron was involved in student council, the Aurora, and the “O” Club, but most fondly recalls the walks to escort Phyllis back to the dorms after she closed the campus switchboard nightly.

Following graduation, the McSwains moved to Flint, Michigan, where Ron worked for General Motors and attended the University of Michigan MBA program.

Phyllis expanded her teaching career in Spanish and English from high school to middle school. In 1968, facing a potential transfer to the east coast, they chose instead to move back to Ron’s hometown of Cincinnati, to partner with Ron’s brother Ralph in expanding his floor covering business. Phyllis changed careers from fulltime teacher to full-time mom and “professional volunteer.”

In 1970 a PBS documentary on the plight of the poor in big cities completely changed their lives when they realized it was filmed in Cincinnati. Their Goddirected purpose became

Learning over the years how to steward their giving has been an adventurous learning experience, but also a very rewarding one. Ron and Phyllis feel that giving of their time, talents, and treasure has been a central piece of God’s calling on their lives. Supporting and establishing scholarships at CHCA, inner city non-profits, and at Olivet has been their mission in life.

“The beauty of scholarship assistance is that it provides support to generations long after we are gone,” Ron says.

Ron and Phyllis McSwain

serving the under-resourced in the inner city. Phyllis’ background in education equipped her to serve as the first female member on the founding board of trustees of Cincinnati Hills Christian Academy (CHCA). Serving on this board allowed both Phyllis and Ron to be part of one of God’s “living miracles” and though it was hard work it was also so rewarding. All 12 of their grandchildren have attended CHCA.

Upon stepping away from a successful floor covering business in 2009, Ron and Phyllis embarked on a new area of service.

The predicament of youth in the foster care system aging out at 18 often leads to devastating results. Ron and Phyllis committed to providing needed scholarship assistance for these youth to pursue college or vocational training.

Ron and Phyllis have been very active in establishing scholarships at Olivet. In 2000, the McSwains surprised Larry Watson ’65 during Homecoming festivities by establishing an endowed scholarship in recognition of his years of service to Olivet and the many lives he influenced. Phyllis’ driving effort to create a Class of 1963 scholarship challenged other classes to do the same. And most recently, the McSwains partnered with Dr. Jim Forshee ’79 to create the Brenda (Starner) Forshee Memorial Scholarship.

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“We have been truly blessed with the joy of giving and our Olivet experience has been at the foundational forefront of making that happen,” Ron concluded. ■

OLIVET NAZARENE UNIVERSITY

THE IMPACTOF AN ONU ADVOCATE

A

s a high school math teacher, Abby Fischer ’19 facilitates meaningful connections with her students on a daily basis.

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Forming those relationships has laid the foundation for Abby to share about her collegiate experiences and to recommend her students to consider furthering their education following high school graduation.

Abby knew about Olivet through her older sister who transferred to the University after a few years at Kankakee Community College. When Abby sat in on a chapel service during a campus visit, she had a defining moment of purpose. “I felt so overwhelmed and thought, ‘Yes, this is where I want to be,’” she remembers.

At Olivet, Abby took full advantage of opportunities to expand her worldview while preparing for a career in education. She was actively involved in Olivet’s Student Education Association chapter and she travelled to South Africa and Costa Rica to collaborate with local school groups to teach English and address universal social issues like bullying and building self-confidence. Now, photos and flags from the countries she visited on volunteer trips decorate the walls of her classroom and

provide conversation starters with her students.

“I love connecting stories with students to remind them that they are not alone. No matter where we are, we all have hurts and experience life similarly,” Abby says.

Each semester, Abby gives her students the option to fill out an ONU interest form in exchange for a free t-shirt. Encouraging her students to think about their post-high school plans sparks conversations about their hopes and dreams for the future.

So many of her students have filled out the form that Abby has received her own set of Olivet swag.

“I love Olivet and I love sharing my stories,” she reflects. “I chose to study education to change the stereotypes about learning within a critical age group – and to hopefully make some sort of an impact. When students hear about someone’s positive, real experience, they start to see the possibility for themselves.” ■

JOIN THE NETWORK 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.

▲ Abby

graduated from Olivet with a degree in secondary math education with a middle school endorsement.

Following graduation, she accepted a job at Iroquois West High School, teaching geometry, statistics and technical math.

OLIVET ADVOCATES: ● Encourage high school students to schedule a visit, and help make arrangements to come to campus. ● Recommend students for our 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.” ● 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.

Visit olivet.edu/advocate for more information ANNUAL REPORT 2020

Abby Fischer

ADEEPWELL

Current students are growing academically and spiritually at Olivet. And future students will drink from a deep well, as will their children, grandchildren — and beyond.

Drs. Jill and One significant way John Bowling to dig this deep well is through estate gifts. Please consider including Olivet Nazarene University in your estate and legacy planning.

You will join others in advancing Olivet’s mission for generations. A gift to Olivet through your estate or trust does not have to reduce your family’s share. Even a modest percentage of your estate creates tremendous impact!

Jill and I have made this commitment; we hope you will, too.

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THE JOY OF GIVING Byron ’60 and Carolyn (Wilson) Buker ’60 met in an ONU math class and then married.

“Giving back from what God has entrusted us is a natural way of life,” he says. “It ensures

that future students will have a solid Christian education, making an impact on the communities and churches where they serve. What a blessing!”

Byron and Carolyn Buker

Please contact Jordan Fish, CFP®, Director of Gift Planning and Foundation Operations, at 815-928-5598, or email him at jfish1@olivet.edu.

OLIVET NAZARENE UNIVERSITY

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