Annual Report - 2012-2013

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As the incoming chairman of the St. Cloud State University Foundation Board, it is my pleasure to report on the foundation’s highlights for the 2013 fiscal year (FY) and to communicate my appreciation to all of our donors for their generous support. In FY 2013, donor giving totaled $5.5M, an increase of 30 percent over the previous fiscal year. Much of the increase can be attributed to support for the newly completed Integrated Science and Engineering Laboratory Facility (ISELF), which officially opened in August 2013. It’s a very visible demonstration of what philanthropy can mean to advancing important university initiatives such as STEM. The foundation’s total assets in FY 2013 increased by 7 percent over the previous year to $45.5M, which can largely be attributed to a 12 percent year-over-year increase in the value of the foundation’s investments. The Foundation, and more specifically the Audit and Finance Committee, provide sound oversight on matters regarding investment policy and this year’s returns are evidence of the good stewardship of our donors’ generosity.

Annual Report

In FY ’13 $838,693 was awarded in scholarships to 918 students and while we’re proud of our ability to support the financial needs of some of our most deserving students, we recognize that the need is significantly greater than what the Foundation can currently meet. Going forward, support for scholarships is an area of opportunity that will be given special consideration by the Foundation and its staff.

With FY ’14 underway and the recent arrival of Matt Andrew, the new vice president of University Advancement, the Foundation Board of Directors is highly energized and engaged in working with Matt and the entire foundation staff in creating a culture of philanthropy at St. Cloud State, an essential component in the university’s future success. Our students and the faculty and staff that support them increasingly rely on your generosity to deliver the academic excellence that has been the hallmark of a St. Cloud State education for generations. We need your support each and every year in order to accomplish our mission. On behalf of the foundation board, and all members of the St. Cloud State University community, please accept my sincere appreciation for sharing your philanthropy with our students!

Sincerely, Andrew B. George ’80 SCSU Foundation Board of Trustees Chairperson

26 / outlook.stcloudstate.edu SPRING 2014


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Annual Report - 2012-2013 by St. Cloud State University - Issuu