advancing
2008 Annual Report
above & beyond
Southern Illinois University Foundation
above & beyond
a tribute to a woman’s passion . . . . . . . 4 saluting our mentors . . . . . . . . . . . . . . 6 conquering challenges . . . . . . . . . . . . . 8 a family’s lifelong love affair . . . . . . . 10 inspiring future generations . . . . . . . . . 12 financials . . . . . . . . . . . . . . . . . . . . . 15
2008 Annual Report
advancing
Southern Illinois University’s first-ever comprehensive campaign came to a successful conclusion in 2008. With contributions from over 68,000 donors, the University was able to surpass its campaign goal of $100 million by $6.2 million.
While the success of the Opportunity Through Excellence Campaign for Southern marks
an important milestone in the University’s history, the need for private support at SIU has not come to an end. Private contributions continue to play a vital role in Southern’s future success. Pamela K. Pfeffer President Southern Illinois University Foundation
Everyone who supported our University throughout this campaign provided inspiration to
the students and faculty who benefited from the gifts, as well as Southern’s future donors. The University’s alumni, donors, friends, and volunteers are beginning to create a culture of giving. We must continue to develop this philosophy as we move beyond this successful campaign and on to future endeavors.
The following pages feature stories about devoted alumni and friends of the University who
are making an impact on Southern. Their contributions helped SIU establish scholarships, honor professors, improve facilities, and enhance campus programs.
The dedication of Southern’s alumni and friends made this campaign a success. Their
continued support is essential in SIU “Advancing Above and Beyond.”
2
Rickey N. McCurry Chief Executive Officer Southern Illinois University Foundation
Southern Illinois University Foundation
advancing
2008 Annual Report
above & beyond
3
2008 Annual Report
An SIU Carbondale graduate with devotion for students, performing arts and scholarship is being honored through an endowment established in her memory to benefit students and faculty of the University.
The Patricia Pace Memorial Endowment Fund has been
developed to enhance the Patricia Pace Performance Festival. The festival, originally organized by the late Patricia Pace at Georgia Southern University in 2000, will alternate annually among three institutions – SIU Carbondale, Louisiana State University and Georgia Southern. Shortly after Patricia’s death in 2000, colleagues named the festival for Patricia. A Professor of Communication Arts, Director of Theatre and Director of Performance at Georgia Southern University, Pace received her Ph.D. from SIU Carbondale.
4
a tribute to a wo
oman’s passion
Southern Illinois University Foundation
Tom Pace, a retired SIUC professor in the Department of
Speech Communication, says the endowment, named in his daughter’s honor, will cover expenses for students and faculty in the Department of Speech Communication who travel to the festival when it is held at one of the alternate locations. The endowment will help offset festival costs when Southern hosts the event.
“Patti very much believed in getting artists, teachers, scholars,
and theater professionals together so they could learn from each other. This was the impetus behind Patti’s dream of instituting this festival,” Pace says.
“Patti’s professor friends and students were and continue to
be committed to keeping her dream alive. I hope this encourages others to follow suit and contribute funds to this effort. I’m thankful for the opportunity and truly blessed that we are able to establish this endowment in my daughter’s memory.”
5
2008 Annual Report
saluting our mentors
6
Southern Illinois University Foundation
Greg A. Lee, a senior vice president for Motorola, says
Personally, great teachers have been essential in my life
SIU Carbondale faculty established a strong foundation for
and career.”
his subsequent success. This is the primary reason the 1972
graduate is contributing $250,000 to support the University’s
stipend to supplement their salaries. The recipient retains
efforts to retain and recruit distinguished professors to the
the honor indefinitely, subject to periodic review by select
College of Business.
college representatives.
Lee is donating funds through the SIU Foundation to
Prominent professors receiving the honor receive a
“There were a handful of professors who truly made
establish the Gregory A. Lee Professorship in Management.
my learning experience both challenging and personally
His gift will assist the College in recruiting and retaining an
meaningful here at SIU,” Lee says. “They not only got
outstanding faculty member, providing additional prestige and
me engaged in a learning process that I’ve kept with me
recognition for the individual.
my entire career, but I also benefitted from instructors
who sparked my imagination and challenged me to think
“The best way I know to give back to the school that
provided so much in building my career is to help ensure that
differently and from other perspectives.”
SIU has the best possible teachers and instructors,” Lee says.
“If we are going to continue attracting top-caliber students, we
to the University and business school in a fashion that is
have to attract and retain outstanding faculty members at SIU.
sustainable over a period of time.”
“This presented me with an opportunity to give back
7
2008 Annual Report
8
As a former statewide-appointed official, SIU Carbondale
but require financial assistance to attain a college education. I want
alumnus Randy Daniels is fully aware of budget issues facing public
to help both types of student.”
institutions. The 1973 SIU radio-television graduate, who served
as New York’s Secretary of State from 2001 to 2005, is making a
board, says public institutions, including SIU Carbondale, are
commitment to assist his alma mater in conquering this challenge.
becoming more reliant on private fundraising to offer quality
education to students.
Daniels has committed $100,000 to fund scholarships in the
Daniels, vice chairman of the State University of New York
College of Mass Communication and Media Arts at Southern, with
a preference to provide support to underrepresented populations.
have a responsibility to give something back. This has to become
The gift will be evenly split to provide awards to students in financial
a part of our culture,” he says. “We can’t rely on the government;
need and to others who have attained academic excellence.
therefore, we have to raise private funds. Public institutions must be
creative and aggressive to keep pace.
“We don’t live in a world with a level playing field. Some
“Those who have benefited from an excellent public education
students struggle because they haven’t received excellent
“If you are willing and able to do the work, there should be a
preparatory education, but they are capable of succeeding at the
seat for you in a public university setting. I want every kid who is
college level,” he says. “Others are high achievers academically,
prepared to work to have that opportunity.”
Southern Illinois University Foundation
conquering challenges
9
2008 Annual Report
a family’s lifelong love affair
10
Southern Illinois University Foundation
Shortly before Greg Cook’s father died in 2005, one
graduate, committed $1 million to Saluki Way in memory of
of the last outings he made was attending an SIU Carbondale
his father, John.
football game at McAndrew Stadium, an event that moved the
elder Cook to tears.
include constructing a new football stadium and retrofitting
the SIU Arena. Saluki Way broke ground in March 2009,
“As I think back about why my father was crying that day,
Two components of the first phase of Saluki Way
I realize – he was a lifelong Saluki fan and knew this was his
with plans for the first football game to be played in the
last game. Your days are few, and one of the last places you go
new stadium in 2010.
is to a Saluki athletic event. That is passion,” says Cook about
his father’s love of the Salukis. “It’s that sort of passion that
in the late 1970s, hopes fellow alumni and Saluki fans will
will help build a football stadium and renovate an arena at SIU
follow suit.
Carbondale. When people all over this country are wondering
how we can get it done … it’s passion.”
Southern Illinois University and Saluki Athletics. Nancy and
I are honored to be able to contribute to Saluki Way, and
Cook, president and co-founder of Cook Portable
Warehouses, and his wife, Nancy, a 1980 SIU Carbondale
Cook, a business administration student at Southern
“My family and I have had a lifelong love affair with
hope that our commitment may inspire others to follow.”
11
2008 Annual Report
Gus Smith, a two-degree graduate of SIU Carbondale, and his
wife, Debra, pride themselves on making a long-term impact on
the SIU Foundation’s charitable remainder trust option. Through
entities with which they are associated. The couple has made a
this agreement, their gift is set up in a charitable trust. The Smiths
$1-million gift through the SIU Foundation to establish the Gus and
will receive annual payments from the SIU Foundation and a tax
Debra Smith Undergraduate Student Experience Endowment Fund in
deduction for the Foundation’s remainder interest. When the trust
the College of Business.
matures, the College of Business will be the beneficiary of the
remaining funds.
The fund will support various initiatives establishing better
communication with community college students, enhancing the
connection with prospective students serving in the military and
gain. There is nothing wrong with receiving some benefit today,
preparing students for their careers after college.
but we want the University to continue moving forward 10 years
from now. The primary objective is for us to have resources in
Gus, a retired managing partner of Accenture, a global
Debra says, “We both like to establish plans for long-term
management consulting firm, says, “Debra and I have always wanted
places that allow SIU students to walk out of here in positions to
to give back to something that helped us become successful. My
make the world a better place.”
education went a long way in preparing me for the business world.”
12
The Smiths provided this support to the University through
Southern Illinois University Foundation
inspiring future generations
13
2008 Annual Report
14
Southern Illinois University Foundation
endowments The SIU Foundation holds endowment contributions and invests them for perpetuity. A portion of the revenue generated from the endowment accounts is transferred to corresponding current accounts and used according to donors’ restrictions. The SIU Foundation reinvests the remaining portion of the investment revenue into the endowment to help hedge against inflation. Donors contributed more than $2.3 million to endowment accounts during FY08. Many of the contributions were designated for scholarships, research and for the general support of colleges and departments. The SIU Foundation edowment is invested as follows:
Alternatives $3,127
Cash $1,900
International Equities (Stocks) $14,265
Fixed Income (Bonds) $19,940
U.S. Equities (Stocks) $44,008
In Thousands Total: $83,240
15
2008 Annual Report
contributions The SIU Foundation accepts contributions in the form of cash, securities and real or personal property. Many corporations will match the contribution of employees, officers, directors and in some instances, spouses and retirees. The SIU Foundation also offers and accepts various types of planned gifts, whereby the donor makes a gift during his or her lifetime that will benefit the University in the future. Planned gifts are in the form of bequests, gift annuities, charitable remainder trusts, charitable lead trusts and life estate agreements. The SIU Foundation applies a one-time six percent supplement fee to all gifts of cash and securities. The Foundation uses five percent of the fee to fund central advancement operations and returns one percent to the generating colleges or units to support their specific advancement activities. It is the Foundation’s goal to increase private support which will assist the various colleges of the University in providing quality services to its students, alumni, and the communities we serve. Donors contributed a total of $43.7 million during FY08.
Gift in Kind
Deferred Gifts
$21,446,780
$344,290 Gifts Given Directly to SIU $548,133
16
Total: $43,673,409
Cash and Securities $9,449,227
Net Pledges $11,884,979
Southern Illinois University Foundation
statement of net assets as of june 30, 2008 ASSETS Current Assets Cash and cash equivalents Short-term investments Accounts receivable Pledge receivable, net Accrued investment income
26,537,937 6,122 1,220,061 139,469 88,094
Other assets
66,413 28,608,217
8,505
Endowment investments
79,183,198
Other long-term investments
11,350,752
Pledge receivable, net Irrevocable trust held by other
9,658,104 99,928
Cash value of life insurance
332,023
Investment in real estate
288,000
Capital assets, net of accumulated depreciation
238,681
Other assets
Accounts payable and accrued liabilities Annuities payable-current portion
583,661 546,461
Long-term liabilities-current portion
88,094
TOTAL CURRENT LIABILITIES
1,218,216
Noncurrent Liabilities Annuities payable Agency funds payable Deposits held for others Other accrued liabilities
3,907,337 1,992,254 345,533 8,498
Total Noncurrent Liabilities
6,253,622
TOTAL LIABILITIES
7,471,838
NET ASSETS
Noncurrent Assets Restricted cash and cash equivalents
Current Liabilities
$550,121
Net investment in financing leases TOTAL CURRENT ASSETS
LIABILITIES
3,605,467
Total Noncurrent Assets
104,764,658
TOTAL ASSETS
133,372,875
Invested in capital assets, net of related debt
238,681
Restricted for: Nonexpendable Scholarships, research, instruction and other Loans Capital projects Expendable Scholarships, research, instruction and other Loans
64,819,841 2,436,024 142,410 50,080,868 521,128
Capital projects
1,960,095
Unrestricted
5,701,990
TOTAL NET ASSETS
$125,901,037
17
2008 Annual Report
expenditures Donors can designate their contributions for items such as scholarships, faculty support, research, facilities and equipment. Donors also can contribute toward the general support of the University with an unrestricted gift. The SIU Foundation provides for expenditures in support of the University through contributions received and investment revenue generated. SIU Foundation’s expenditures break down as follows:
Expendable Goods $889,105
Prof. Development & Travel
Equipment
$259,429
$202,091
Scholarships & Awards $1,401,453
Teaching & Research Grants to the University $4,026,085
Total: $29,440,579
18
$22,662,416
Southern Illinois University Foundation
statement of revenues, expenses, and changes in net assets
NON-OPERATING REVENUES (EXPENSES)
as of june 30, 2008
Contributions
REVENUES Operating revenues Payments from SIU Budget allocation from SIU Other operating revenues Total Operating Revenues
$34,180 4,014,621 931,322 4,980,123
Grants from University Related Organizations
33,107
Grants from other government agencies
16,685
Investment income Payments received on capital financing leases Reduction in capital financing leases Interest on capital indebtedness Adjustment of actuarial liability for annuities payable
EXPENSES Operating expenses
30,612,259
Bad debt expense Net nonoperating revenues
(7,800,593) 248,027 (166,472) (5,681) (786,755) 2,394 22,152,971
General and operating expenses
2,555,254
Budget expended at SIU
4,014,621
Income (Loss) before other revenues, expenses, gains and losses
Scholarships and cash grants to SIU
6,651,511
Contributions for capital assets
1,894,384
Additions to permanent endowments
2,338,203
Expenditures for the benefit of SIU Noncash grants to SIU Amortization and depreciation expense Other Total operating expenses Operating loss
22,499,615 1,034,107
Increase (Decrease) in net assets
(10,009,900)
(5,777,313)
386,279 1,607 37,142,994 (32,162,871)
NET ASSETS Net assets - beginning of year
131,678,350
Net assets - end of year
$125,901,037
19
2008 Annual Report
SIU Foundation Board of Directors as of June 30, 2008
President Pamela K. Pfeffer ‘67 Community Leader Nashville, TN
Members John S. Brewster, J.D. ‘76 Partner Winters Brewster Crosby & Schafer LLC Herrin, IL Michael C. Carr ’74, J.D. ‘79 Asst. U. S. Attorney United States Attorney’s Office Carbondale, IL Robert A. Chamberlin ‘68 Owner Chamberlin Consulting Group, Inc. Lemont, IL
20
Juh Wah Chen Dean Emeritus College of Engineering Southern Illinois University Carbondale Murphysboro, IL Paul L. Conti ’72, M.B.A. ‘74 Retired Chief Assets Officer VeriClaim, Inc. Glen Ellyn, IL Greg N. Cook President Cook Portable Warehouses Makanda, IL Harry L. Crisp III ‘92 President/Chief Operating Officer Pepsi MidAmerica and President/Chief Executive Officer Crisp Container Corporation Marion, IL
Larry R. DeJarnett ’62, M.S. ‘63 Managing Director The LAMAR Group Rancho Palos Verdes, CA John C. Dosier President, CEO First Southern Bank Carbondale, IL James T. Gildersleeve ‘72 President Gildersleeve Fertilizer Co. Hudson, IL Samuel Goldman Chancellor Southern Illinois University Carbondale, IL Roger G. Gray ‘64 Retired Central Bank of Marion Cobden, IL
Southern Illinois University Foundation
Michael R. Howell ’80, J.D. ‘83 President Howell Financial Services Sparta, IL Kenneth J. Hull ‘58 Retired Chairman and CEO Follett Corporation Downers Grove, IL Carl A. Jennings ’67, Ph.D. ‘71 Retired President North American Chemicals Division BASF Corporation Marco Island, FL & Raleigh, NC
Dianne Meeks Community Leader Carbondale, IL Christoph E. Micha ‘83 Manager, TeleDiagnostic Program DaimlerChrysler Corp. Farmington Hills, MI Mary Kay Moore ’78, M.S. ‘81 Community Leader Carbondale, IL Thomas E. Nielson, M.D. ‘81 Emergency Physician Heartland Emergency Specialist Bloomington, IL
Roger B. Tedrick ‘70 SIU Board of Trustees Owner Tedrick Insurance Agency Mount Vernon, IL H. Wesley Wilkins ‘77 Attorney-at-Law Cobden, IL
Honorary Director Dorothy M. Morris, Hon. L.H.D. ‘98 Retired Chapel Hill, NC
Alternates
Julius A. Johnson ‘57 Retired Administrative Law Judge U.S. Department of Labor Washington, DC
Glenn W. Poshard ’70, M.S.Ed. ’75, Ph.D. ‘84 President Southern Illinois University Murphysboro, IL
Michelle J. Suarez ’85, M.S.Ed. ‘04 Associate Vice Chancellor Executive Director SIU Alumni Association Carbondale, IL
Marvin K. Kaiser ‘63 Retired Chief Administrative Officer Doe Run Company Mayfield, KY
Marsha G. Ryan, J.D. ‘87 Physician, Surgeon, Professor of Law Murphysboro, IL
Vacant SIU Board of Trustees
F. Lynn McPheeters ‘64 Retired Vice President/CFO Caterpillar, Inc. Peoria, IL
Howard M. Spiegel ‘75 Account Manager Arrow Semi-Conductor Buffalo Grove, IL
21
2008 Annual Report
- CAMPAIGN STEERING COMMITTEE -
Campaign Leadership Honorary Chair Dorothy M. Morris, Hon. L.H.D. ‘98 Former First Lady Southern Illinois University Chapel Hill, North Carolina Campaign Chair Marsha G. Ryan, M.D., J.D. ‘87 Physician, Surgeon, Professor of Law Murphysboro, Illinois Campaign Vice Chair Philip M. Pfeffer, ‘65, M.A. ’66, Hon. L.H.D. ‘97 President, CEO Treemont Capital, Inc. Nashville, Tennessee President, SIU Foundation Larry R. DeJarnett, ‘62, M.S. ‘63 Managing Director The LAMAR Group Rancho Palos Verdes, California
22
Past President, SIU Foundation Michael C. Carr, ‘74, J.D. ‘79 Assistant U.S. Attorney United States Attorney’s Office Carbondale, Illinois
President, SIU Alumni Association Sheri Hunter, ‘76, M.S.Ed. ‘88 Retired Teacher Marion, Illinois Past President, SIU Alumni Association Mimi Wallace, ‘62 Community Volunteer Beverly Hills, California Southern Illinois University Carbondale Samuel Goldman Interim Chancellor Campaign Executive Director Rickey N. McCurry Vice Chancellor for Institutional Advancement and Chief Executive Officer, SIU Foundation Campaign Director Jeff Lorber Associate Vice Chancellor for Institutional Advancement and Executive Director of Development
John S. Brewster, J.D. ‘76 Partner Winters Brewster Crosby & Schafer LLC Marion, Illinois Carolyn F. Donow, ‘74, M.S.Ed. ‘76, Ph.D. ‘82 Retired Associate Director Office of Research Development & Administration Southern Illinois University Carbondale Makanda, Illinois Bob G. Gower, ’58, M.A. ‘60 Director Unidym Houston, Texas Christoph E. Micha, ‘83 Manager, TeleDiagnostic Program DaimlerChrysler Corporation Farmington Hills, Michigan Willie Pearson, Jr., Ph.D. ‘81 Professor of Sociology & Chair, School of History, Technology & Society Georgia Institute of Technology Atlanta, Georgia Pamela K. Pfeffer, ‘67 Community Leader Nashville, Tennessee
Mary M. Roe, ’65, M.S. ‘66 Retired VP of Student Services Rend Lake College Pinckneyville, Illinois Stephen J. Scates, ‘59 Partner Pat Scates & Sons Shawneetown, IL Herbert S. Shear, ‘69 Chairman & CEO Genco Distribution System Pittsburgh, Pennsylvania Donald A. Stork, ‘61 Consultant Media Management Inc. Belleville, Illinois Harvey Welch, Jr., ‘55, M.S.Ed. ‘58 Retired Vice Chancellor Southern Illinois University Carbondale Carbondale, Illinois David P. Will, ‘75 Manager of Global Machine Development Caterpillar, Inc. Peoria, Illinois
Southern Illinois University Foundation
SIU Foundation and Related Staff SIU Foundation Rickey N. McCurry, Vice Chancellor for Institutional Advancement and Chief Executive Officer Elizabeth Banycky, Director and Treasurer
Jeff Lorber, Associate Vice Chancellor for Institutional Advancement and Executive Director of Development Bryan C. Vagner, Assistant Vice Chancellor for Institutional Advancement and Managing Director Nancy A. Vallino, Business Administrative Associate and Corporate Secretary
Annual Giving Nanditha Balasubramanian, Director of Annual Giving, SIU Foundation Leah Bahr, Director of Annual Giving, Student Affairs
Tracee Tyner Norris, College of Liberal Arts Rebecca Stenhaug, Central Development and College of Agricultural Sciences
Constituent Development Directors David Ardrey, College of Education and Human Services
Corporate & Foundation Relations Jill Gobert, Director
Matthew C. Baughman, Paul Simon Public Policy Institute Mary Carroll, Chicago Region Deborah Case, School of Medicine Tammy C. Cavarretta, College of Business George R. Cotton, Sr., College of Science
Beth L. Mohlenbrock, Executive Director
Kevin Ginther, Intercollegiate Athletics
Linda Wright, Director of Gift and Biographical Processing
Eden Thorne, College of Engineering
Amber Kinkelaar, Assistant Director of Annual Giving, SIU Foundation
Advancement Services Twyla D. Adkisson-Peak, Director of Research and Data Integrity
David B. Schwartz, Director of Information Systems
Judith Ray, School of Law
Michael Ellis, College of Applied Sciences and Arts Ronald D. Graves, College of Mass Communication and Media Arts Kevin Lister, Central Development Kristine McGuire, Library Affairs Tanna Morgan, Central Development
Development Communication Emily Britton, Editorial Assistant Greg Scott, Director Planned Giving Yvonne M. Spencer, Director Financial Services Cindy Ciganovich, Investment Specialist Marla Fuller, Director of Gift Accounting Kimberly Hawk, Director of Accounts Payable Kristy McClurken, Budget Officer Coordinator Cindy Moreno, Director of Accounting Services, Springfield Office
23
2008 Annual Report
The Southern Illinois University Foundation was established in 1942 to solicit, receive, hold, and administer gifts from private sources for educational purposes. The SIU Foundation provides alumni and other friends a means to invest in the future of their University. The Foundation is an independent, non-profit corporation which exists solely to further the mission of Southern Illinois University Carbondale.
The SIU Foundation is a designated 501(c)3 organization with appropriate approval from the Internal Revenue Service to issue tax deductible receipts for private gifts received to support Southern Illinois University Carbondale.
Southern Illinois University Foundation Colyer Hall – Mail Code 6805 Southern Illinois University Carbondale 1235 Douglas Drive Carbondale, Illinois 62901 618/453-4900 siuf@siu.edu www.siuf.org
24
Southern Illinois University Foundation
Produced by Department of Development Communication Mail Code 4309 Southern Illinois University Foundation 1235 Douglas Drive Carbondale, Illinois 62901 618/453.4900 www.siuf.org Editor: Greg Scott Art Direction: Jay Bruce Designer: Nathan Krummel Photographers: Steve Buhman, Rusty Bailey Photo on page 4-5 courtesy of Robert Holcombe Contributors: Libby Banycky, Emily Britton, Nancy Vallino Printer: Print Group Inc. Ozark, Missouri A special thanks to University Communications