University of Georgia
FOUNDATION
An n ua l Re p ort1
University of Georgia Foundation – Annual Report
Dr. Sidney Thompson is the U.H. Davenport Professor of Agricultural Engineering. He is pictured working with UGA senior engineering students (L-R) Salu Smith, Lauren McLean, Kendra Henson, Veronika Crumpler and Martin Pennington.
About the Front Cover: Dr. Peter Kner, center, is an Assistant Professor in the College of Engineering whose area of specialty is optics and biophotonics. He heads the Kner Lab which develops new techniques for improving the resolution of threedimensional fluorescence imaging. His research is supported by the National Science Foundation. Kner is pictured with recent Engineering graduates Jon (left) and Matthew McCue (right). University of Georgia Foundation – Annual Report 2Janssen
Foundation Support Staff Cindy Coyle, Executive Director and Chief Financial Officer Lisa Lee, Assistant to the Executive Director and Chief Financial Officer Karin Usry, Assistant to the Board, Executive and Nominating & Governance Committees Amanda Bridges, Finance & Compensation Committee Ryan Hitchins, Investment Committee Chrissy Moffett, Investment Committee Chris Setzer, Costa Rica Corporation, Audit and Foundation Fellows Committees Brandon Scott, Real Estate Committee Chip Stewart, Development & Public Affairs Committee
T a bl e of
Contents Letter from the Chairman - John P. Spalding, Jr. ........................... 4 Letter from the President - Jere W. Morehead................................ 5 Development and Public Affairs Committee Update........................ 6 Foundation Fellows Committee Update......................................... 8 Current Foundation Fellows and Ramsey Scholars.......................... 9 Real Estate Committee Update.................................................. 10 Investment Committee Update.................................................. 11 Finance and Compensation Committee Update............................ 12 Nominating and Governance Committee Update.. ........................ 13 Audit Committee Update.. ........................................................ 14 Costa Rica Corpo ration Update................................................ 15
At more than 400 members, The University of Georgia Redcoat Band is one of the nation’s largest and most revered collegiate marching bands.
Dono r Funded Chairs and Professorships.. .................................. 16 Dono r Profile: Harriet and Edus Warren..................................... 18 Dono r Profile: Phil Casey.. ....................................................... 20 Faculty Profile: Dr. Alan Darvill.. ............................................... 22 Financial Statement................................................................ 24 Dono r Gifts........................................................................... 26 Emeritus Trustees................................................................... 28 Committee Listings and Past Chairs........................................... 30
Mission The mission and purpose of the University of Georgia Foundation is to provide support for the teaching, research, public service and outreach programs of the University of Georgia by means of volunteer leadership and assistance in development and fundraising activities; fiduciary care for the assets of the foundation for the long-term benefit and enhancement of the university; and broad advice, consultation and support to the president of the university. The foundation shall operate as a cooperative organization in accordance with policies of the University System of Georgia Board of Regents.
Board of Trustees................................................................... 31
University of Georgia Foundation – Annual Report
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L e t te r fr om the
Chairman Dear Friends: On behalf of the trustees of the University of Georgia Foundation, I am delighted to share with you the foundation’s 2014 Annual Report. Through the collective generosity of UGA donors such as you, 2014 was the best fundraising year in the history of the University of Georgia with a total of $126.4 million. This milestone also marks the ninth consecutive year in which the university’s fundraising effort exceeded $100 million in total private support. Your generosity has given the foundation even greater capacity to support the institution’s academic mission and has set the standard by which future fundraising will be measured. I am extremely proud that, at our February 2014 meeting, the foundation unanimously endorsed an eight year campaign goal of not less than $1 billion. With the positive fundraising momentum the university is enjoying, we are hopeful that this ambitious campaign goal can be adjusted upward in the future. In my first year as chairman, I had the great fortune of working with President Jere Morehead, his dedicated team, a skilled development staff and an energized board of trustees. This gives me great confidence for what lies ahead in 2015 and beyond. 2014 was also the year in which the foundation eclipsed the highly significant milestone of $1 billion in total assets for the first time in its 77 year history. The University of Georgia Foundation has never been as financially strong and well-positioned to support the university across a broad scope of academic needs. The foundation’s exceptional financial health is attributable to those of you who entrust your gifts to our care and are the lifeblood of the university’s long term success.
The Office of the Vice President for Research encourages and supports UGA research, scholarship and creative activities by assisting with the recruitment of research-intensive faculty, and providing infrastructure for sponsored research. Pictured here is Dr. Manjinder Singh, a postdoctoral research associate studying techniques for growing algae for development of bio fuels.
For your part in making this wonderful news a reality, I offer my sincere thanks for your continued support of the birthplace of public higher education in America — the University of Georgia.
Sincerely,
John P. Spalding, Jr. Chairman
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University of Georgia Foundation – Annual Report
Let t e r fr om the
President Dear Friends: Thank you for your financial support during the best fundraising year in the history of the University of Georgia. On behalf of our institution’s students, faculty, and staff, I extend my deepest gratitude. You will find much to be proud of in this year’s annual report. The UGA Foundation’s endowment continued its upward trajectory during the last year, growing by a healthy 19.4 percent. The board of trustees remains focused on increasing the endowment in order to reach new heights of excellence in teaching, service, and research at the University of Georgia. Your gifts help us attract and retain world-class faculty. The report shows that a new endowed faculty chair or professorship was established in the UGA Foundation each month on average. Your financial contributions also allow the institution to offer a greater number of need-based and merit-based scholarships to academically accomplished students. This fall, the university enrolled a class of first-year students that, once again, set a record for quality and academic achievement. Also important, your donations enhance our capacity to build new infrastructure and improve existing facilities that support the academic endeavors of our exceptional faculty and students. I am grateful to the members of the UGA Foundation, who devote their time, talents, and resources to advancing one of America’s greatest public universities. This report is replete with evidence of their sound leadership and dedication to UGA. This is an exciting time to be a supporter of the University of Georgia, and I am certain—with your unwavering support— our university’s best days lie ahead.
Sincerely,
President Jere W. Morehead extends a warm welcome to new incoming students during a UGA orientation session.
Jere W. Morehead President, University of Georgia
University of Georgia Foundation – Annual Report
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Com m it te e A ctivit y
Overview Development and Public Affairs Committee Update 140 $126.4
$126.2 $117.3
120 100
80
$96.9
$110.8 $108.3 $106.4 $103.9 $101.9
In 2014, we were elated to have been part of a university-wide effort that resulted in an alltime record fundraising total of $126.4 million. In addition, the Annual Fund took in more than $16.9 million, also a record, and unrestricted support was strong throughout the year. Given the fundraising momentum that has been achieved, at our winter 2014 meeting, the committee recommended, and the foundation’s full board unanimously endorsed, a campaign goal of not less than $1 billion.
$102.7
$77.8
60
The Development and Public Affairs Committee includes three subcommittees that lead specific areas of responsibility.
40 20 0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Private Support 2004 – 2014
“The Foundation Fellowship gave me, an Athens native, a truly global collegiate experience. I spent my days in Athens with a driven group of peers and professors, and my summers researching robotics in Germany and working in schools in South Africa. I’m now employed as a Software Engineer by Microsoft in Seattle, Washington” – David Millard Athens, GA Foundation Fellow and May 2014 graduate Degree earned: BS Math, Computer Science
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The Development and Public Affairs Committee was very active in 2014 focusing its efforts on supporting the university’s development team in fundraising, donor and prospect cultivation efforts and on internal and external communications.
University of Georgia Foundation – Annual Report
The Fundraising Subcommittee engages trustees in fundraising and “friend-raising” activities and in 2014 participated in more than 30 university events throughout Georgia and across the nation, introducing the foundation to prospective donors and to motivate giving. In 2014, the subcommittee focused on a number of fundraising priorities, the highest of which was securing support for UGA’s Washington, D.C. semester program and the new UGA facility in the district. The Communications Subcommittee provides direction for the foundation’s public outreach efforts including the annual report, quarterly Chairman’s Letters, one-on-one donor communications, press releases and the UGA Foundation’s web site (www.ugafoundation.org). The Board of Visitors Subcommittee leads a program of luncheons for influential Georgians to provide information on the university’s academics, economic impact, athletics, new facilities and student life. The Board of Visitors develops and fosters a network of ambassadors for the university to extend its outreach beyond board members, faculty and staff to other friends that have a strong UGA affinity. Trey Paris – Chair
University of Georgia Foundation – Annual Report
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Com m it te e A ctivit y
Overview Foundation Fellows Committee Update The Foundation Fellowship and the Ramsey Honors Scholarship are the top academic awards accorded students at the University of Georgia. The Foundation Fellows Committee works closely with the UGA Honors Program to identify the best and brightest scholars to whom the scholarships will be offered. 2014 brought yet another outstanding group of brilliant young minds to UGA. More than 800 applications were submitted by top students from around the world and from that group, 21 Foundation Fellows and 10 Ramsey Honors Scholars were accepted into the program.
Foundation Fellows class of 2016 students Shaun Kleber, Katie Lovejoy, and Madison Snelling all traveled to South Africa as part of UGA’s Stellenbosch Study Abroad Program where they had a rare opportunity to get up close and personal with the region’s wildlife.
“I will always look back on my college experience and ask myself, ‘Did I really do all that?’ I know this because I keep asking myself, ‘Am I really doing all this?’ “ – Shaun Kleber Atlanta, GA Foundation Fellow, Class of 2016 International Affairs, Political Science, Economics
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University of Georgia Foundation – Annual Report
In sum total, the University of Georgia is home to 91 Foundation Fellows and 27 Ramsey Honors Scholars, supported by an endowment of $61.5 million. Mary Lou Swift – Chair
The freshman class of Foundation Fellows achieved an average GPA of 4.22 and an average SAT score of 1,546. The freshmen Ramsey Scholars compiled an average GPA of 4.12 and an average SAT score of 1,545.
Among the 2014 graduates, students have moved on to prestigious destinations including Cambridge, Columbia University, Harvard Medical, Washington University Medical, University of Virginia Medical, Medical College of Georgia/Georgia Regents University, University of Pennsylvania Veterinary Medicine, Yale School of Law and other institutions of higher education.
Foundation Fellows and Ramsey Scholars have garnered scholarships/fellowships and travelstudy opportunities that include the Carnegie Junior Research Fellowship, Teach for America and Resource Exchange International in the Horn of Africa. Other graduates have entered the workforce with Microsoft, Epic Systems Corp., Harvest Works Digital Media Arts Center, Volkswagen and McKinsey & Company among others.
Cu r r en t F o u ndation
Fellows and Schol ars About the Foundation Fellowship
The Foundation Fellows program seeks to foster a community of scholars and leaders by providing intellectual, cultural and service opportunities in an environment conducive to learning and personal growth through shared knowledge and experience.
Current Foundation Fellows Class of 2015 Joshua Andrew Chang, Duluth, GA Savannah Elyse Colbert, Austin, TX Maria Gardner Cox, Peachtree City, GA Megan Elizabeth Ernst, Atlanta, GA Parker Timothy Evans, Franklin, TN Eilidh Geddes, Dunwoody, GA Sophia Helene Giberga, Covington, LA Allison Nicole Koch, Cedar Rapids, IA Ronald Jackson Kurtz, Duluth, GA Michael Tyler Land, Jasper, GA Kameel Mir, Marietta, GA Sarah Aneese Mirza, Grand Island, NE Gautam Rajhar Narula, Alpharetta, GA Davis Reynolds Parker, Huntsville, AL Camir Neville Ricketts, Kingston, Jamaica James Alexander Rowell, Valdosta, GA Grace Maastricht Siemietkowski, Washington, DC John Henry Tab Thompson, Columbia, SC Megan Frances White, Johns Creek, GA Avery Elizabeth Wiens, Atlanta, GA Class of 2016 Caroline Grace Coleman, Orlando, FL Lauren Wesley Dennison, Maineville, OH
Alexandra Rae Edquist, Alpharetta, GA Seth Isaac Euster, Dunwoody, GA Lee Handly Folk, Nashville, TN Kirstie Dolores Hostetter, Collierville, TN Caleb Alexander Ingram, Richmond Hill, GA Shaun Henry Kleber, Atlanta, GA Torre Elisabeth Lavelle, Macon, GA Christopher Thomas Lewitzke, Third Lake, IL Katie Ann Lovejoy, Charlotte, NC Kelsey Jane Lowrey, Dunwoody, GA Sandip Kaur Minhas, Richmond Hill, GA Caroline Elizabeth Moore, Myrtle Beach, SC Meredith Marie Flood Paker, Madison, WI Eytan Aaron Palte, Atlanta, GA Rand Warren Pope, Barwick, GA Hannah Mary Reiss, Decatur, GA Giovanni Righi, Lawrenceville, GA Leighton Michele Rowell, Sandy Springs, GA Madison Grace Snelling, Lexington, KY Minhyuk Michael Song, Lawrenceville, GA Karishma Sriram, Athens, GA John Bradley Stroud, St. Simons Island, GA Kevin Hongyi Sun, Johns Creek, GA Treva Chung-Kwan Tam, Roswell, GA Bert Ferguson Thompson, Jr., Macon, GA
Laron-Chenee H. Tracey, Lawrenceville, GA Kathleen Elizabeth Wilson, Beaumont, TX Class of 2017 Jonathan Paul Adelman, Marietta, GA Tristan Paul Bagala, Lockport, LA Catherine Mahala Callaway, Johns Creek, GA Laura Agatha Courchesne, Fair Haven, NJ Jonah Stephen Driggers, St. Simons Island, GA Nathan Andrew Farr, Knoxville, TN Carver Lowell Harris Goodhue, Athens, GA Shuchi Goyal, Johns Creek, GA Glenn Anderson Jacoby, Social Circle, GA Susan Margaret Jones, Hickory, NC Hammad Ahmed Khalid, Duluth, GA Charles Edward Leasure IV, Devon, PA Bruce Li, Milton, GA Krystal Lo, Marietta, GA Vijeth Mudalegundi, Cumming, GA Trang Xuan Nguyen, Madison, WI Morrison Robert Nolan, Stone Mountain, GA Justin Samuel Payan, Douglasville, GA Gabrielle Antoinette Pierre, Kingston, Jamaica Elijah Hunter Scott, Martinez, GA Jason Patrick Terry, Atlanta, GA
Luke Tellis Thompson, Columbia, SC Class of 2018 Kerri Ellen Andre, Destin, FL Michael Logan Campbell, Saint Marys, GA Lorin Janae Crear, Johns Creek, GA Thomas Andrew Desoutter, Dunwoody, GA Madison Caroline Dill, Dunwoody, GA Kalvis Erik Golde, Atlanta, GA John Miles Hall, Cape Elizabeth, ME Mallory Jessica Harris, Atlanta, GA, Rachel Ann Kelley, Marietta, GA Joshua Edward Kenway, London, United Kingdom Mallika Madhusudan, Atlanta, GA Emily Kathleen Maloney, Marietta, GA Samia Montese McEachin, Glen Allen, VA Reilly Ayres Megee, Newark, DE Sierra K. Runnels, Baton Rouge, LA Mollie Rose Simon, Atlanta, GA Samuel Jackson Tingle, Louisville, TN Matthias Stephen Wilder, Powder Springs, GA Elizabeth Francina Wilkes, Atlanta, GA Victoria Ayse Yonter, Marshfield, MO Lilian Lin Zhu, Coralville, IA
About the Ramsey Honors Scholarship
As part of its mission to enhance educational opportunities for outstanding student leaders, the University of Georgia Foundation is proud to fund the Ramsey Honors Scholarship program, one of the most prestigious scholarships at the University of Georgia. Established in 2000 in honor of the late Bernard R. Ramsey, UGA class of 1937, Ramsey Honors Scholarships are awarded to exceptional students to support leadership development, study abroad opportunities, honors-level academic achievement and scholarship.
Current Ramsey Honors Scholars Class of 2015 Cody James Baetz, Cumming, GA Carmen Orpinas Kraus, Athens, GA Tuan Anh Nguyen, Douglasville, GA Abigail Taylor Shell, Sharpsburg, GA
Samuel Thomas Johnston, Birmingham, AL Swayamdipto Misra, Martinez, GA Rachel Hana Paleg, Silver Spring, MD Mihir B. Patel, Martinez, GA Juliana Jianquan Saxton, Marietta, GA
Class of 2016 Melissa Carlene Cousins, Midland, GA Berta Maria Franzluebbers, Watkinsville, GA
Class of 2017 Prentiss Rachel Autry, Hinsonton, GA Jacob Aaron Eden, Americus, GA
Katie Michele Googe, Athens, GA Moira Elizabeth Fennell, Palm Beach Gardens, FL Erin Elizabeth Hollander, Athens, GA Heather Kimberly Huynh, Loganville, GA Megan Nicole Murphy, Grovetown, GA Class of 2018 Jenny Elizabeth Alpaugh, Athens, GA
Malcolm Alexander Barnard, Johns Creek, GA Davis Jarratt Coleman, Orlando, FL Shreya Ganeshan, Johns Creek, GA Emily Christine Giambalvo, Easley, SC Evan Knox, Athens, GA Isabel Bailey Palmer, Atlanta, GA Zachary Taylor Richards, Snellville, GA Timothy Allen Ruiter, Centreville, VA Zoe Irene Schneider, Atlanta, GA
University of Georgia Foundation – Annual Report
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Com m it te e A ctivit y
Overview Real Estate Committee Update Fiscal year 2014 was an exciting year for the foundation as it purchased a facility in October for University of Georgia students to use in Washington, D.C. The building is currently undergoing major renovations, nearly all of which are focused on the interior, as it is converted from commercial office space to a facility for up to 32 students, a resident advisor and resident manager. Also included in the design are two classrooms, a conference room, offices and a reception area. The University of Georgia’s Washington programs will operate out of the facility (primarily the Washington Semester internship program) giving UGA students an unparalleled learning experience in our nation’s capital. The first class of students is expected to move in during the first quarter of 2015. In addition to the Washington D.C. facility, the Real Estate Committee continues to oversee a diverse set of real estate assets totaling approximately $35 million, including timberland, residential and commercial properties, and the facilities that house the UGA at Oxford program and the UGA Costa Rica Campus. Charlie Williams – Chair
Autumn in Athens creates a burst of color on the campus of the University of Georgia. Designated as a Tree Campus USA by the Arbor Day Foundation, UGA boasts over 9,000 trees on campus, from the pecan trees on South Campus to the chestnut, willow and scarlet oaks on North Campus.
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University of Georgia Foundation – Annual Report
Erin Hollander, a firstyear Ramsey Honors Scholar majoring in biochemistry and genetics, tests her Rube Goldberg machine before the “Thinc. at UGA Prize for Innovation” competition. Students were challenged to build machines with the theme “To Start Something.”
Investment Committee Update
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For fiscal year 2014 ended June 30, the foundation’s investment portfolio increased 17.3%, ending the year with a market value of more than $800 million. We are pleased to report the investment portfolio outperformed its policy and actual indices for all relevant investment periods (one, three, five and 10-year periods.)
20
The asset allocation at the close of the fiscal year is illustrated below along with a 10-year investment return history for the portfolio, net of fees, and performance by asset class for the 2014 fiscal year.
5
17.3%
15 10
21.1%
20.4%
12.7%
13.6%
12.4%
10.7%
0 -1.6%
-5
Some well-timed tactical allocation decisions boosted our performance this year. Increasing allocations to emerging markets and natural resources during the middle of the year paid off as both asset classes were the strongest performers over the last six months of the fiscal year. Going forward, we believe we are well positioned for a changing investment landscape as the Federal Reserve removes monetary stimulus from markets and normalizes interest rate policies. Our allocation to hedge funds should benefit from such an environment as they are more suited to capitalize on higher market volatility.
-5.8%
-10 -15 -20 -25 2006
2007
2008
-23.96% 2009 2010
Cash
0.0% 18.7%
Real Assets
12.8%
2012
2013
2014
Fixed Income Emerging Markets Equity
14.4% 20.0%
20%
Hedge Funds 23.9%
International Equity – 14.7%
International Equity 26.2%
15%
Domestic Equity 22.7%
Private Equity
2.7%
10%
Cash – 1.3% Real Assets– 15.9%
Hedge Funds 18.7%
5%
2011
Long-Term Investment Return
Joe Frierson, Jr. – Chair
0%
2005
25%
Fiscal Year Performance by Asset Class
Domestic Equity
30%
Private Equity 4.9%
Fixed Income 9.0%
Emerging Markets Equity 7.6%
Asset Allocation at June 30, 2014
University of Georgia Foundation – Annual Report
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Com m it te e A ctivit y
Overview Finance and Compensation Committee Update The Finance and Compensation Committee is responsible for overseeing the foundation’s more than $1 billion in assets and managing foundation revenues from donor gifts and investment returns. The committee’s primary charge is managing the foundation’s unrestricted budget expenses of $10.9 million. As part of that charge, unrestricted funding is provided to support the foundation and to enhance the university’s academic mission. Due to good investment returns, support from the unrestricted budget increased $2.7 million compared to fiscal year 2013. This year’s budget surplus was used, in part, to increase scholarship endowments, which are funded from the foundation’s annual unrestricted commitments. Creating endowments for merit and need-based scholarship commitments will help ensure continued support in the future for these programs.
Named in honor of the “Greatest Bulldog Ever” who passed away in August 2014, the Dan Magill Tennis Complex is considered the top collegiate tennis facility in America. With a seating capacity of 5,000, it has hosted 31 NCAA National Championships. Georgia’s men’s team has won five of its six national championships on these courts while the women’s team has won one of its two national titles at the Magill Complex.
“The Foundation Fellowship community is more than just a scholarship program, it’s a family – and throughout my experience, I have been able to develop deep friendships that will last the rest of my life. These relationships have positively influenced me professionally as well as personally, and I am honored to have had the chance to be a part of this community.” – Jesse Chan Goodlettsville, Tennessee Foundation Fellow and May 2014 graduate Degrees earned: BBA and MAcc, Accounting
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University of Georgia Foundation – Annual Report
This year was also notable for the foundation’s purchase of a facility in Washington, D.C. that will house the university’s programs in our nation’s capital. Donors are being asked to support the project by making gifts to the unrestricted endowment. The purchase and renovation are being financed through a tax-exempt bond issuance with the foundation funding the project from unrestricted resources. Bill Douglas – Chair
*For details on the approximately $49.3 million in support provided to the University of Georgia by the foundation, see page 27.
Nominating and Governance Committee Update The Nominating and Governance Committee evaluates and nominates board candidates and is responsible for monitoring the performance of all UGA Foundation trustees and advisory trustees. Nominations are based on geographic and ethnic diversity, giving capacity and professional skills. The committee is also responsible for monitoring matters involving corporate governance, compliance with ethical standards and making recommendations when governance matters require full board action. In 2014, our committee recommended four trustee candidates, all of whom were elected by unanimous vote of the full board. The newly elected trustees for the term which commenced July 1, 2014 include: David M. Battle, Brooklyn, NY, Richard W. Courts IV, Atlanta, GA, John F. Mangan, Charlotte, NC and Susan Donziger Sherman, St. Louis, MO. The latter three served one year as advisory trustees in fiscal year 2014. In recognition of outstanding service to the university and the foundation, the board unanimously conferred emeritus status on four outgoing trustees; Nelson E., Bowers II, Lookout Mountain, TN, Joseph C. Frierson, Jr., Athens, GA, John F. McMullan, Atlanta, GA, and Swann Seiler, Savannah, GA. We are thrilled to have the new trustees on board and grateful to the outgoing trustees who have given so generously of their time and personal resources. Dan Amos – Chair
Ramsey Honors Scholars are always welcomed to campus with a fun, camaraderie-building activity. This year the Ramseys were treated to an evening of painting at ARTini’s Café in Athens where instructors walk aspiring artists, and those with minimal artistic ability, through the process of creating their own works, suitable for framing.
“Being a Ramsey Scholar is much more than just a title; it means entrance into a community of diverse students who support and challenge each other. Whether we are painting replicas of ‘The Scream’, arguing about quantum physics, hauling mulch in a national park, or simply relaxing in good company, the Ramseys are the family I never expected to find at UGA.” – Erin Hollander Athens, GA Ramsey Honors Scholar, Class of 2017 Biochemistry, Genetics
University of Georgia Foundation – Annual Report
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Com m it te e A ctivit y
Overview Audit Committee Update The Audit Committee is charged with overseeing policies and procedures essential to ensuring the financial integrity of the University of Georgia Foundation. The board’s consistent adherence to principles of ethical management and accounting has helped assure donors that their gifts are not only managed in accordance with their wishes, but in a manner that provides maximum benefit to the university. Again this year, the foundation received an unqualified audit opinion. This is a tribute to the dedicated staff who work in the financial office of the foundation. The 990 tax return was reviewed and approved by the committee prior to submission.
Foundation Fellow Meredith Paker participated in the UGA Tanzania Study Abroad Program and climbed Mt. Kilimanjaro at the conclusion of the program.
We look forward to advancing this committee’s important work in 2015 and to confirming the responsible financial practices that are vital to ensuring the University of Georgia Foundation prospers and fulfills its mission of supporting academics at the university. John McMullan – Chair
“There is constant support from many great people in Moore College who help us figure out school and beyond, and who connect us to awesome opportunities and alumni. I enjoyed being a Ramsey Honors Scholar, and I’m sure that future Ramseys will have even more reasons to love being here.” – Victoria DeLeo Ft.Lauderdale, Florida Ramsey Honors Scholar May 2014 graduate Degrees earned: BSAB, Applied Biotechnology, BS Genetics
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University of Georgia Foundation – Annual Report
Thank a Donor Day is held each spring in Tate Plaza where hundreds of students take time from their busy days to express appreciation to donors for helping to make their educational experience at UGA possible.
Costa Rica Corporation Update 2014 was an exciting year for UGA Costa Rica! Perhaps the most exciting event that took place was the construction of a new faculty residence facility on the campus, which we dedicated early this summer. Our resident faculty members who have had the pleasure of calling it home during their work in Costa Rica unanimously agree that it is a tremendous addition to the campus and will enhance the experience of living and teaching in Central America. The building was named in honor of UGA alumnus Paul A. Gross who endowed an undergraduate support fund to assist students participating in the UGA Costa Rica program. An hour-long TV documentary, Changing Lives, was completed and aired on WUGA-TV. Shot largely by students, it focuses on the experiences of students in the travel-study program and provides a compelling overview of UGA Costa Rica and its programs. Changing Lives received a bronze “Telly” for outstanding achievement. The Tellys are among the broadcast industry’s most prestigious awards. In addition to the many students, faculty and staff from UGA, in 2014, UGA Costa Rica hosted students participating in a broad range of travelstudy programs managed by institutions from around the world. A student group from Japan’s Kyushu University completed a month on site studying advanced sustainability programs and learning about the measures implemented on the campus that have placed UGA Costa Rica at the forefront of such efforts. They join a long list of international groups from Asia, Europe, North America and South America that have completed coursework on campus in recent years. We were especially gratified to host a working session on campus that included administrators from other University System of Georgia institutions who are working to develop new collaborative and individual educational programming opportunities at UGA Costa Rica. Gail Hunnicutt – President
Roni and Paul Gross at 2014 building dedication ceremonies. Rebecca Ragland (left), a graduate research intern, and Ana Ligia Lopez (right), UGA Costa Rica Spanish professor, look over one of the hanging bridges in the Monteverde Cloud Forest Reserve. The bridges offer perfect vantage points from which to enjoy the region’s incredible flora and fauna.
Mai Morozumi (left) and Sawa Himeno (right) walk through the medicinal garden on the UGA Costa Rica campus looking for butterflies as part of a lab studying population. The two were part of a group of students visiting from Kyushu University in Japan. Photos by Kathryn Ingall, UGA photo journalism intern.
University of Georgia Foundation – Annual Report
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Donor F u nded
C h a i r s a n d P r of e s s or s h i p s E n d o w e d i n t h e U G A F o u n d at i on
SR VP Academic Affairs Units Louise McBee Professorship in Higher Education Zell Miller Distinguished Professorship in the Institute of Higher Education Arch Foundation Professorship College of Agriculture and Environmental Sciences Allan M. Armitage Professorship GA. Power Professorship in Environmental Remediation & Soil Chemistry Michael A. Dirr Professorship John Bekkers Professorship in Poultry Science Richard B. Russell Agriculture Professorship Robert and Jean Fowler 4-H Agent Endowment Lund Professorship in Urban Entomology & Structural Pest Management GRA Eminent Scholar Chair in Crop Genomics Distinguished Professorship in Agricultural Marketing D.W.Brooks Agricultural Fund Vincent J. Dooley Professorship in Horticulture Georgia Athletic Association Professorship in Food Choice, Obesity, and Health Georgia Seed Development UGAF Professorship in Wheat Breeding Athletic Association Professorship in Environmental Turfgrass Franklin College of Arts and Sciences Patel Distinguished Visiting Professorship in Indian Musical Arts Abraham Baldwin Professorship in Humanities William F. & Pamela P. Prokasy Professorship in the Arts Methvin Distinguished Professorship in Southern Literature Hamilton E. Holmes Professorship Georgia Power Professorship in Biotechnology University of Georgia Foundation Professorship in the Arts Barbara and Sanford Orkin GRA in Tropical and Emerging Diseases University of Georgia Foundation Professorship in Infectious Disease Haines Family Distinguished Professorship in Field Botany (Below Ground) Haines Family Distinguished Professorship in Field Botany (Above Ground) Ramsey GRA Eminent Scholar Chair in Microbial Physiology Mildred Goodrum Heyward Professor of Music Arch Professorship in World Languages and Cultures Jane Willson Professorship in Arts Norman and Doris Giles GRA Eminent Scholar in Genetics B. Phinizy Spalding Distinguished Professorship in History Joyce and Carol Sterling - Goodman Professorship in English GRA Eminent Scholar Chair in Structural Biology (X-ray Crystallography) Amanda and Greg Gregory Chair in Civil War Era GRA Eminent Scholar in Bioinformatics George E. and Sarah F. Mudter Professorship in Cancer Research E. Merton Coulter Professorship in History
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University of Georgia Foundation – Annual Report
Despy Karlas Professorship in Piano Albert B. Saye Professorship in History GRA Eminent Scholar Chair in Molecular Cell Biology Ann and Jay Davis Professorship in Jewish Studies Harry and Jane Willson Professorship in Humanities David Crenshaw Barrow Professorship in Mathematics John Olin Eidson Chair in American Literature Charles H. Wheatley Professorship in Arts Helen Spencer Lanier Chair of English Wyatt & Margaret Anderson Professorship in the Arts Hugh Kenner Professorship A.G. Steer Professorship in Goethe Studies UGA Athletic Assoc. Distinguished Professorship in Biological Sciences Lars G. Ljungdahl GRA Distinguished Investigator Gary R. Sperduto Professorship in Clinical Psychology Athletic Association Professorship in Arts & Sciences University of Georgia Foundation Distinguished Professorship in Microbiology Dr. Wyatt Anderson Professorship in Genetics Georgia Athletic Association Professorship in Social Sciences University of Georgia Foundation Distinguished Professorship in Chemistry John D. Boyd UGA Foundation Professorship in Choral Music Susan Dasher and Charles Dasher MD Professorship in Physics Travis and Mary Osborne Distinguished Chair in Human Behavior Genetics Georgia Athletic Association Professorship in Innovative Science Education Covenant Foundation Professorship in Jewish Studies Lamar Dodd Professorial Chair of Art Fund
Nicholas A. Beadles Professor of Economics I.W. Cousins Professor of Business Ethics Bradford McFadden Professorship of Personal Financial Management Bernard B. & Eugenia A. Ramsey Chair of Private Enterprise Earl Davis Chair in Taxation P. George Benson Professorship Robert O. Arnold Professorship in Business Georgia Bankers Association Chair of Banking Harold M. Heckman Chair of Public Accounting Dudley L. Moore, Jr. Chair of Insurance Daniel P. Amos Distinguished Professorship in Insurance William Harry Willson Distinguished Chair Georgia Athletic Association Professorship in Terry Roy Adams Dorsey Distinguished Chair in Real Estate
Terry College of Business J. Rex Fuqua Distinguished Chair for Internet Strategy Synovus Chair in Servant Leadership Simon S. Selig Chair for Economic Growth W. Richard & Emily Acree Dean and Professors Chair Holding Nalley Distinguished Chair in Entrepreneurship Emily H. and Charles M. Tanner, Jr. Chair in Sales Management Coca-Cola Company Chair of Marketing L. Edmund Rast Professor of Business James Don Edwards Chair in Accounting C. Herman & Mary V. Terry Distinguished Chair in Business Administration #1 C. Herman & Mary V. Terry Distinguished Chair in Business Administration #2 C. Herman & Mary V. Terry Distinguished Chair in Business Administration #3 C. Herman & Mary V. Terry Chair in Business Administration #4 C. Herman & Mary V. Terry Chair in Business Administration #5 Charles S. Sanford, Sr. Chair of Business Augustus H. “Billy” Sterne Chair in Banking & Finance Herbert E. Miller Chair of Accounting
College of Engineering U. H. Davenport Professor of Agricultural Engineering Georgia Athletic Association Professorship in Engineering University of Georgia Foundation Professorship in Engineering Georgia Power Mickey A. Brown Endowed Professorship in Engineering
College of Education Elizabeth Garrard Hall Professorship in Early Childhood Education Athletic Association Professorship in Math and Science Education Charles H. Wheatly GRA Chair in Technology-Based Learning E. Paul Torrance Professorship in Creativity & Gifted Education Goizueta Foundation Chair for Hispanic Teacher Education Mary Frances Early Teacher Education Professorship Bebe Aderhold Professorship in Early Childhood Education Omer Clyde & Elizabeth Parr Aderhold Professorship in Research Methodolgy Omer Clyde & Elizabeth Parr Aderhold Professorship in Education Georgia Athletic Association Professorship in Education
College of Environment and Design Dan B. Franklin Distinguished Professorship Constance Knowles Draper Chair in Landscape Architecture Georgia Power Professorship in Environmental Ethics Athletic Association Professorship in the College of Environment & Design College of Family and Consumer Sciences Samuel A. & Sharon Y. Nickols Professorship Georgia Power Professorship in Fiber and Polymer Science Anne Montgomery Haltiwanger Distinguished Professorship University of Georgia Foundation Professorship in Family and Consumer Sciences Janette McGarity Barber Distinguished Professorship
Bill and June Flatt Professorship in Foods and Nutrition Athletic Association Professorship in Family and Consumer Sciences Georgia Soft Goods Education Foundation Distinguished Professorship William P. “Bill” Flatt Professorship Georgia Athletic Association Professorship in Family and Consumer Sciences II Georgia Athletic Association Professorship in Family Health Disparities Warnell School of Forestry and Natural Resources Leon “Buddy” Hargreaves, Jr. Distinguished Professorship in Forest Finance Stuckey Timberland Distinguished Professorship in Forest Economics & Taxation Wheatley GRA Chair in Water Quality Hank Haynes GRA Eminent Scholar Chair in Forest Biotechnology Odum School of Ecology Odum Chair in Ecology Georgia Athletic Association Professorship in the Odum School of Ecology University of Georgia Foundation Professorship in Ecology Grady College of Journalism and Mass Communication Lambdin Kay Chair for the Peabody Awards Thomas C. Dowden Professorship in Telecommunications William S. Morris Chair in Newspaper Strategy & Management C. Richard Yarbrough Professorship in Crisis Communications Leadership Carolyn McKenzie & Don E. Carter Distinguished Professorship in Journalism Jim Kennedy Professorship #1 Jim Kennedy Professorship #2 Jim Kennedy Professorship #3 Jim Kennedy Professorship #4 Georgia Athletic Association Professorship in Grady College John Carmical Distinguished Professorship in Sports Journalism and Society Carolyn Caudell Tieger Professorship in Public Affairs Communications Coach Dan Magill Professorship in Sports Communications School of Law Verner F. Chaffin Distinguished Professorship in Fiduciary Law A. Gus Cleveland Distinguished Chair of Legal Ethics & Professionalism Alex W. Smith Professorship in Law Justice Thomas O. Marshall Chair of Constitutional Law John Alton Hosch Professorship of Law #1 John Alton Hosch Professorship of Law #2 John Alton Hosch Professorship of Law #3 John Alton Hosch Professorship of Law #4 John Alton Hosch Professorship of Law #5 Marion & W. Colquitt Carter Chair in Tort & Insurance Law Carl E. Sanders Chair in Political Leadership
Otis A. Brumby Distinguished Professorship of First Amendment Law Robert Cotten Alston Chair in Corporate Law Harmon W. Caldwell Chair in Constitutional Law Pope F. Brock Professorship in Professional Responsibility M.E. Kilpatrick Chair of Corporate Finance & Securities Law Charles H. Kirbo Chair in the School of Law Allen Post Professorship of the School of Law Rogers Chair of Intellectual Property and Unfair Competition Law John A. Sibley Professorship in Corporate and Business Law Herman E. Talmadge Chair of Law Emily & Ernest Woodruff Chair in International Law Francis Shackelford Distinguished Professorship in Taxation Law Georgia Athletic Association Professorship in Law College of Pharmacy William Henry Terry, Sr. GRA Emineny Scholar Chair in Drug Discovery Rite Aid Professorship in Community Pharmacy Albert W. Jowdy Professorship in Pharmacy Care Millikan-Reeve Pharmacy Professorship Panoz Professor of Pharmacy Fund Kroger Professorship in Community Pharmacy Athletic Association Professorship in Pharmacy College of Public Health Georgia Power Professorship in Environmental Health Science Ernest Corn Professorship of Infectious Disease Epidemiology John A. Drew Professorship of Healthcare Administration University of Georgia Foundation Professorship in Public Health University of Georgia Foundation Professorship in Human Health Athletic Association Professorship in Public Health School of Public and International Affairs Alexander M. Crenshaw Professorship in Public Policy Margaret Hughes and Robert Golembiewski Professorship in Public Administration Philip H. Alston, Jr. Distinguished Chair Bertsch Directorship of the Center for International Trade and Security Albert B. Saye Professorship of American Government & Constitutional Law George D. Busbee Chair in Public Policy Georgia Athletic Association Professorship Stanley Wade Shelton University of Georgia Foundation Professorship Arch Professorship for Public and International Affairs
Pauline M. Berger Memorial Professorship Georgia Athletic Association Professorship in Health and Well-Being College of Veterinary Medicine GRA Eminent Scholar in Animal Health/Vaccine Development Caswell Eidson GRA Chair in Poultry Medicine Harbor Lights Chair Small Animal Studies Marguerite Thomas Hodgson Chair of Equine Studies Barry B. Harmon Professorship in Veterinary Pathology Athletic Association Professorship in Infectious Disease University of Georgia Foundation Professorship in Veterinary Medicine Edward Gunst Professorship in Small Animal Medicine James and Marjorie Waggoner Professorship of Small Animal Studies Fred C. Davison Distinguished University Chair Olive K. Britt-Paul E. Hoffman Professorship of Large Animal Medicine Georgia Athletic Association Professorship in Veterinary Medicine John R. Glisson Professorship in Veterinary Medicine Chair in Small Animal Studies Lalita and Raghubir Sharma Distinguished Professorship VP for Research Units GRA Eminent Scholar Chair in Nuclear Magnetic Resonance Spectroscopy Delta Air Lines Visiting Chair for Global Understanding GRA Eminent Scholar Chair in Bioenergy GRA Distinguished Investigator University of Georgia Foundation Distinguished Professorship in Biochemical Sciences Gene E. Michaels Chair in Medical Mycology College Experimental Station GRA Eminent Scholar Chair in Animal Reproductive Physiology VP for Public Service and Outreach Units Georgia Power Company Professor of Water Resources Policy Athletic J. Reid Parker Director of Athletics Endowment
School of Social Work Hollowell Distinguished Professorship of Social Justice & Civil Rights Studies Thomas M. (Jim) Parham Professorship
University of Georgia Foundation – Annual Report
17
Donor P r ofile
Harrie t and Ed u s Wa r r e n When one sets foot into the home of Harriet and Edus Warren, the warmth and genuine hospitality are unmistakable. They greet guests with wide smiles and kind words that exude a welcoming nature which speaks to the couple’s generosity at the most basic level. To the casual observer, the Warrens embody the very spirit of Southern Hospitality … but the fact is, they both have roots outside of the Deep South. Harriet was born in Manhattan and raised in Summit, New Jersey. She originally went to Wheaton College in Massachusetts. However, her family spent summers in North Georgia’s Nacoochee Valley, an annual pilgrimage of which Harriet wasn’t terribly fond in her younger years. “In the summer, there was nothing to do as we were in the middle of nowhere,” she said. “A freezing cold, spring-fed pool, square dancing and panning for gold were the highlights.” Harriet said her parents had a plan to get her out of their hair one year. They suggested she and a friend from Summit go to UGA summer school and live in a sorority house, an adventure they loved. “After my sophomore year, they sent me on a study abroad program to Paris for one academic year. I lived with a French family and it turned out to be a life changing experience. I found that I liked art and history, learned to speak French and met many interesting people. I also acquired a taste for travel, as I was afforded the opportunity to visit numerous countries. When I returned to the states, I informed my father that I would not be returning to Wheaton, but would complete my degree studies in Paris.” “He found that very interesting and asked who was providing me with a scholarship. When I told him he was the funder, he said, ‘you better get yourself in a college closer to home as quickly as possible’.” Harriet and Edus Warren
“I drove down to the University of Georgia, applied and was accepted. I earned a bachelor’s degree in French. “After graduation, I went to New York where I had always wanted to work, and after a series of two or three jobs, I wound up at the African American Institute running scholarship programs for French speaking Africans coming to this country.” Though French was a passion, Harriet was always a numbers person. She excelled in mathematics and had a keen mind for matters of finance and investing. Not wishing to live on a non-profit salary, Harriet went to work in 1970 in an entry level job at the global investment banking firm of White Weld. She started in the corporate finance department, and after five years, transferred into investment management, thus launching a long and successful career on Wall Street. From White Weld, she joined U.S. Trust, where she quickly rose through the ranks of one of America’s oldest and most respected trust companies. She became a senior portfolio manager and a member of the firm’s investment committee. It was while with U.S. Trust that Harriet attended a conference in Phoenix and during a post-meeting tennis tournament had the opportunity to meet the gentleman who took first place… “None other than Edus H. Warren,” she says with a big smile. Edus, who was born and raised in Danville, Virginia is a proud graduate of Harvard where he played tennis and attended on a full
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University of Georgia Foundation – Annual Report
scholarship. Like Harriet, college for Edus was a multi-step process and involved European travel, but in a way that was quite different than that of his future wife. As World War II raged, in 1943 Edus left Harvard after his freshman year to join the Army Air Corps. He trained in South Georgia to fly P-47 fighters and was shipped off to Corsica and later served in France and Germany. He flew 100 missions in the P-47, solo, serving as pilot, navigator and gunner. He survived many close calls and was awarded the Distinguished Flying Cross, one of the highest honors bestowed in the U.S. military, recognizing “heroism and extraordinary achievement while participating in aerial flight.” After his service, Edus returned to Harvard where he completed his degree studies and went to work for Prudential in New Jersey. There he made fast friends with a group of tennis playing colleagues and, as a former Virginia state champion, fit right in. From there he moved to Spencer Trask, one of the nation’s top investment research firms. Edus demonstrated a remarkable ability to identify stocks with great potential for superior returns and eventually rose to be president of the company. Years before it became a Wall Street juggernaut, Edus recommended McDonald’s Corporation stock to clients of Spencer Trask … and while he was prohibited from purchasing it himself, he helped those who followed his investment analysis and recommendations enjoy tremendous returns many times over Wall Street averages. “Edus is an extremely capable analyst. He’s very practical. He sees a company’s intrinsic value very quickly and more often than not, he can identify up and coming companies with excellent long-term growth potential.” In 1978 Edus moved to the Capital Group Companies, one of the largest investment managers in the U.S. His record over many years as an investment manager was well ahead of the S&P 500, a rare accomplishment.
During two terms of service as a trustee of the University of Georgia Foundation, Harriet was president of the Costa Rica Corporation (2005 through 2007), served on the Investment Committee and chaired the Audit Committee. In the photo above, she reported on the actions of the Audit Committee before the full board during the 2009 Annual Meeting.
In 1989 Capital asked Edus to move to London to enlarge the office there. It had 11 employees when he arrived and 68 when he left, and today hundreds are employed in the London operation. The Warren’s lived in Great Britain for six years and were able to travel extensively. In the later years of her career, Harriet established her own firm, Higgins Asset Management (Higgins paying homage to her maiden name). Eventually the road for Harriet and Edus led back to Georgia where they settled in Atlanta. Ironically, they chose Atlanta because it is a short drive away from Nacoochee, a place Harriet admits she now loves dearly and one that Edus enjoys even more. At the invitation of Jim Nalley, now an emeritus trustee of the UGA Foundation, Harriet enthusiastically accepted nomination to the board of trustees and was unanimously confirmed. She served two terms with great distinction and calls it an unforgettable and rewarding experience that she wouldn’t trade for anything. “I think it is very important for those of us who are graduates to give back to the University of Georgia, not only with our financial support, but also through service,” Harriet said. “Clearly, public support for universities will decline in the coming decades. If we want UGA to remain among the top public universities in America, increasing private support is essential to attract and retain outstanding faculty and to bring the best and brightest students to Athens.”
University of Georgia Foundation – Annual Report
19
Donor P r ofile
Phil Casey It is safe to say the American Dream is alive and well when one learns the story of University of Georgia graduate Phillip E. Casey. Phil Casey was born and raised in a hardworking, blue collar family of eight in southwest Atlanta. His father was a plumber and the family lived in a four bedroom, one bath home. He was a good student, earned Eagle Scout honors at the age of 13 and graduated from the old Brown High School in Atlanta. Casey entered the University of Georgia and persevered through some personal setbacks to excel in the classroom and earn a bachelor’s degree in finance from the Terry College of Business in 1967. Before he could embark on a career in business, however, Casey enlisted and became a commissioned officer in the U.S. Army Special Forces, serving two tours of duty in Vietnam. As a Green Beret, he was awarded several battlefield commendations, including the Bronze Star and the Vietnamese Cross of Gallantry for heroic actions in Southeast Asia. “When you’re young, immortal and bullet proof, you do some foolish things,” he said with a chuckle. “In reality, I was very fortunate to have been in the military. They do a tremendous job of training people to be leaders, and I credit the Army for helping me to grow and become a better person. “I found being in Special Forces to be the most exciting and rewarding experience of my younger years.” Upon returning from Vietnam, he completed his MBA at Thunderbird School of Global Management and went to work for affiliates of Exxon Corporation in the U.S. and Latin America. He also pursued a brief, clandestine career as an independent agent of the CIA in Latin America during what was a very turbulent time in many of those nations. He accomplished much during that 14 year period, but perhaps his greatest achievement came when he met a pretty young Brazilian woman named Betty while working for Exxon in Chile. She was working in Brazil and met him while on a ski trip to the Chilean Andes in 1974. Betty and Phil would marry and the personal life and professional career of one Phil Casey burned brightly.
Betty and Phil Casey
From Latin America, he returned to the U.S. and after a relatively short time came to a major fork on his career path that led him into the steel industry. He served in senior executive positions at Birmingham Steel, and in 1994, assumed the leadership role of president, CEO and chairman of Tampa, Florida-based Gerdau Ameristeel, North America’s secondlargest mini-mill steelmaker. Gaining great respect in the industry, Casey was elected and served as chairman of the Steel Manufacturer’s Association, the largest steel industry group in North America. The organization honored him in 2006 with the prestigious Iverson-
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University of Georgia Foundation – Annual Report
Selig Award which recognizes dedicated service to the mini-mill steel industry. He has not forgotten the valuable lessons he learned at UGA. During his working years, and now in retirement, Casey has been active in supporting his alma mater … and it is support with a purpose. “Atlanta and the state of Georgia are magnets for dynamic industries including movie making, music and many others. It’s important to keep the talent pipeline full and the University of Georgia is the most viable institution in the state through which to do that,” Casey stated. “Private support is essential for the university to turn out the graduates that will keep these industries thriving and growing. “If you don’t keep that talent pipeline full, you’ll risk the decay we’ve witnessed in Detroit with the auto industry and Cleveland with the steel industry,” he cautions. Casey is a member of the Terry Pinnacle Society which recognizes the business school’s most generous donors and is a member of the Terry College Advisory Council. The latter is a senior-level task force of volunteers established for the purposes of promoting and improving the college. In particular, members of the Dean’s Advisory Council advise the dean on issues critical to the Terry College’s ongoing success, help foster corporate relationships and participate in activities promoting the college. He is a past winner of the Terry Distinguished Alumni Award, one of the highest honors accorded alumni at any University of Georgia school or college. The award recognized Casey for his service to the nation, his contributions to business and industry and his generous financial support of the Terry College. His contributions have been instrumental in helping Terry advance its academic mission and its commitment to producing generations of the world’s top business leaders. For some, being accorded such high honors might elicit an air of arrogance, but with Phil Casey, it reveals a very humble nature. “It makes me feel somewhat embarrassed to be singled out as an individual, to be honest. Whenever something good is accomplished, it takes more than one person to make it happen, so I don’t see individual recognition as representing everyone who contributed,” he said. Casey is now retired but hardly inactive. The Caseys live in Tampa. He serves on six non-profit boards, which keeps him busy, and he carves out time to play golf several times a week and occasionally pursue scuba diving which he enjoys very much.
Phil Casey’s portrait as a member of the U.S. Army Special Forces
University of Georgia Foundation – Annual Report
21
F acu lt y P r of il e
Dr . A l a n D a rv i l l Director of the University of Georgia’s Complex Carbohydrate Research Center For Alan Darvill and his wife, Janet, it’s been a very long year. Born, raised and wed in the United Kingdom, the couple moved to the United States to spend one year at the University of Colorado in 1976. 38 years later, they’re still in the states, transplanted to Georgia and as deeply rooted as a family could be. Alan Darvill joined his colleague Peter Albershiem in Colorado and they were on a joint mission for nine years to study the role carbohydrates play in the structure of plants. “It became very clear in our study that we needed a research center, with the faculty and equipment necessary to truly understand carbohydrate structure and function,” he said. “Peter and I began working to find an institution that would set up a center for carbohydrate studies. Colorado was very interested but we felt they were a little slow to respond, so we began looking elsewhere.” The two scoured the country for institutions that would be interested in establishing a center devoted to the study of carbohydrates. Ultimately three finalists were indentified; Cornell, the Scripps Institute in San Diego and the University of Georgia. “Joe Key, who was a senior scientist at UGA and soon to be appointed vice president for research, encouraged us to come to UGA and set up this research center, and so we began our work in Athens in 1985 forming the Complex Carbohydrate Research Center (CCRC). “When we first arrived we were housed in the Richard Russell Building on College Station Road, then the university built a facility further down Riverbend Road which we were in for 15 years. As we grew and our research expanded, the need for more space was evident and thus the university built this beautiful facility in 2002 that also sits on Riverbend Road,” Darvill added. “Since our first day in Athens, we have been building our faculty and researchers, and today have expanded our horizons quite a lot,” he continued. “In addition to studying carbohydrates in plants, the CCRC studies carbohydrates in human disease and wellbeing – a discipline known as Glycobiology. The CCRC has also developed very strong programs in analytical research science and synthetic carbohydrate science.”
Dr. Alan Darvill, director of the University of Georgia’s Complex Carbohydrate Research Center.
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University of Georgia Foundation – Annual Report
In the scientific research community, the CCRC is the largest facility of its kind in the world. It is home to 16 faculty and approximately 300 researchers and support staff. It is internationally recognized as a leader in carbohydrate research and receives significant support from the National Institutes of Health, the National Cancer Institute, the U.S. Department of Energy and the National Science Foundation among others. Darvill plays down his role as co-founder and director of the CCRC. “Our biggest achievement has been to build a group of faculty, researchers and staff that is comprised of some wonderful, outstanding people. They are the ones who deserve all the credit for this place,” he says. “Everyone here is extremely talented and productive and while we have the greatest carbohydrate research facility on the planet, the CCRC’s success is driven by the people.”
Offering a brief lesson for the layman, Darvill says carbohydrates are most easily identified with blood groups and the carbohydrates on the outside of blood cells identify a person’s blood type. In fact, every living organism has carbohydrates bound to the outside of its cells. “If we get the flu, it is a virus that has bound to the carbohydrates on the outside of our cells and that’s just one example. Carbohydrates play a role in every aspect of life. My main interest has always been in the role of carbohydrates in plant structure … in the last ten years or so, I’ve been very interested in carbohydrates in plants as sources of energy – bio-fuels and bio materials,” he added. “Plants are wonderful organisms that take sunlight and transform it into chemical energy and we’re working toward a goal of producing bio-fuels that one day could be viable energy resources on a very large scale,” Darvill said. “We hope to one day augment and perhaps eventually replace fossil fuels, which themselves are the result of plants that lived millions of years ago. Right now, we’re doing the basic research. Already in this country, we produce about 14 billion gallons of ethanol from corn which is a good proof of concept for using plants for energy and we are working to increase production of liquid fuels from non-food sources such as switch grass.” If one has the pleasure to observe the work being conducted at the Complex Carbohydrate Research Center, it’s not hard to imagine a future that is powered by energy derived from plants. Darvill’s research and that of others at the CCRC is made possible by the generosity of donors who help fill the need after state and federal funding are factored into the equation. “Private support is absolutely essential,” Darvill stated. “We need a variety of resources to do what we do and I am so grateful to those who have supported us from day one – the University of Georgia Foundation, the Georgia Research Alliance, the UGA Research Foundation and the university’s administration. It’s a mosaic of funding that makes our work possible, and every source is essential.”
Dr. Alan Darvill in the observation room overlooking the Complex Carbohydrate Research Center’s Nuclear Magnetic Resonance spectroscopy facility. The centerpiece of the facility is a 900 megahertz spectrometer which supports carbohydrate research science at UGA and many other research institutions.
On the personal side, Alan and Janet Darvill have one daughter, Sarah, who is a “Double Dawg.” She earned her bachelor’s and master’s degrees in accounting from the Terry College of Business and now works for an accounting firm in Atlanta. Sarah was a midfielder on the UGA women’s soccer team. Darvill says with the smile of a proud father, “I believe that actually makes her a ‘Triple Dawg.’ ” Janet Darvill works with Tennis for Life in Oconee County. It is an organization that helps build an individual’s skills, not just on the tennis court but in real life. The lessons from Tennis for Life appear to have taken hold in the Darvill family which has collectively scored an ace during their time in Georgia.
University of Georgia Foundation – Annual Report
23
F inancial
S tat e m e n t The University of Georgia Foundation Financial Statement – Fiscal 2014 Throughout its history, the University of Georgia Foundation has sought to identify and cultivate a broad range of financial support to enhance the university’s academic mission. Just as important is the foundation’s fiduciary care of donor funds, which seeks preservation of principal while achieving growth across all funds entrusted to its care. With generations of gifts from donors and a strong record of fiscal discipline, the foundation has proven its ability to expand the funding it provides in support of the university from year to year while continually increasing the endowment. The fiscal year ended with assets totaling approximately $1.016 billion, the first time in foundation history that assets have exceeded $1 billion. Donor generosity provided funding for scholarships, chairs and professorships, travel-study programs, facilities enhancement and other essential needs. Funding in direct support of the university totaled more than $49 million. In fiscal year 2014, the foundation’s investments outperformed benchmarks and bettered major market indices. The strong investment performance added more than $115.4 million to the portfolio. Gifts and other additions added another $32.1 million.
Non-endowed Funds $229 million
The “Dawg Walk” is a spectacle that ignites thousands of Georgia fans before every home football game. The U.S. and UGA flags always lead the processional of players and coaches into the stadium as the Redcoat Band plays a full array of fan favorites.
Deferred Funds $17.0 million
Unrestricted Funds $108.9 million Endowed Funds $661.5 million
Total Assets
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University of Georgia Foundation – Annual Report
The University of Georgia Foundation Statement of Financial Position Unaudited As of June 30, 2014
The University of Georgia Foundation Statement of Activities Unaudited For the Year Ended June 30, 2014
Cash and Cash Equivalents
2014 $
10,064,016
Contributions
$ 62,781,069
Investment Return
115,406,966
Royalties
3,306,452
Other Income
5,281,533
2,319,408
Total Revenue
186,776,020 13,439,327
Temporary Investments
79,238,688
Accounts Receivable
1,494,740
Contributions Receivable, Net
45,696,357
Beneficial Interest in Perpetual Trust
4,667,838
Investments
831,522,140
Works of Art Land, Buildings and Equipment, Net
38,433,754
Scholarships & Fellowships
Other Assets
3,134,788
Donor Restricted Program Support:
Total Assets
$ 1,016,571,729
Accounts Payable and Accrued Expenses
$
2014
4,680,368
Derivative Financial Instruments
1,842,358
Funds Held for Others
44,722,145
Deferred Affinity Contract Obligation
224,874
Obligations Related to Deferred Gifts
10,639,825
Notes Payable
11,230,580
Total Liabilities
73,340,150
Net Assets
943,231,579
Total Liabilities and Net Assets
$ 1,016,571,729
Professor/Chair
2,858,181
Facilities
7,382,200
Research
141,169
Center/Institute
439,257
Athletics
3,337,318
Other University Programs
15,613,724
Foundation Operations
1,713,762
Alumni Association Operations
1,325,046
University Operations
3,613,729
Distributions to Beneficiaries
455,791
Other Expenditures
2,399,096
Total Expenditures
52,718,600
Change in Net Assets
$ 134,057,420
Audit Disclaimer
The final audited financial report will be available for public viewing at the University of Georgia Foundation offices and on the web by September 30, 2014. (The numbers in this report represent the audited draft as of the date of publication.)
University of Georgia Foundation – Annual Report
25
Donor
Gifts 2014: UGA license plate sales and renewals provide more than $600,000 in critical scholarship funding. $10 of each tag sold or renewed is designated for Georgia Access Scholarships, need-based awards that are part of the Gateway to Georgia Program.
2014: The Center for Undergraduate Research Opportunities (CURO) records the largest enrollment in the program’s history. More than 400 Honors Program students completed studies in over 500 courses which provided them with opportunities to participate in one-on-one research with faculty mentors.
2014: With donors endowing new chairs or professorships on an average of about one per month, the UGA Foundation saw the total number of such endowments under its management grow to more than 225 in the fiscal year.
For 77 years, the University of Georgia Foundation has been a primary entity through which donors offer gifts to the university. In fiscal 2014, donors committed more than $62 million in new gifts and pledges to the foundation. Gifts are defined under two broad categories; restricted and unrestricted. Restricted gifts are funds the donor designates for a specific use. Those funds may be used only as the donor intends and may not be applied elsewhere. For instance, if a donor makes a contribution to fund a specific chair or professorship, their funds may not be used for any other purpose. These contributions are deposited across more than 3,000 separate funds managed by the foundation and disbursed as needed per donor wishes. Unrestricted gifts are those that are not designated for a specific use by the donor, but instead are provided for the university to use where needed. Unrestricted gifts are extremely valuable, because they provide tremendous flexibility in that such funds can be applied to meet an immediate need or an unexpected university expense.
Total Giving by Purpose
For Fiscal Year Ended June 30, 2014
Property, Buildings & Equipment 17.8%
Other Restricted Purposes 7.0% Unrestricted 1.6% Academic Support 25.5%
Faculty and Staff Compensation 2.5%
Athletics** 23.8%
Research 8.6%
Student Financial Aid* 7.8%
Public Service & Extension 4.0% Library 1.4%
Unrestricted Academic Support Faculty / Staff Compensation Research Public Service & Extension Library Student Financial Aid* Athletics** Property, Building & Equipment Other Restricted Purposes Total Giving to UGA and Related Entities
$2,017,781 $32,197,366 $3,174,460 $10,890,438 $5,094,649 $1,743,855 $9,896,304 $30,120,909 $22,469,857 $8,792,728 $126,398,347
* includes Athletic Scholarships ** includes ticket priority in addition to general athletic support
26
University of Georgia Foundation – Annual Report
Supporting the University’s Academic Mission In fiscal year 2014, the foundation provided funding for the university’s academic mission totaling approximately $49.3 million to support building projects, scholarships, faculty salaries, research projects, and to pay for other vital campus needs. The foundation’s ability to provide funding for such a broad range of programs is only possible because of the generosity of donors who understand the importance of enhancing the university’s academic mission and give accordingly.
Total Expenditures by Category
As a Percentage of the Total for the Fiscal Year Ended June 30, 2014 Other Expenditures 2.1%
Scholarships & Awards: 25.5%
UGA Programs/ Operations: 4.1% Development and Alumni Relations 2.7%
Costa Rica Operations: 2.5% Professor/Chair Support: 5.4%
Alumini Association 2.5%
Distributions to Beneficiaries: 0.9% General Operations UGAF: 3.3%
UGA Foundation’s Support of UGA $68.9
70
General Support - UGA 29.6%
Facilities Support: 14.0%
60
Athletics Support: 6.3%
$50.6
50
Total Expenditures by Category
$49.3
For the Fiscal Years Ended June 30, 2014 and 2013
40
$40.0
$34.0
$33.0
$41.0
$34.5
$33.9
30 $26.2
$27.9 $19.13
20
10 0
Research Support: 0.3% Center/Institute Support: 0.8%
$0.71
$0.68
$0.24
2005
2006
2007
$8.78
$2.34 $1.79
2008
2009
2010
2011
$7.4
$6.06
2012
2013
2014
Total support to the University of Georgia (in millions) Total facility support to the University of Georgia (in millions)
Professor / Chair Support Facilities Support Research Support Center / Institute Support Athletics Support Scholarships & Awards General Support - UGA UGA Programs / Operations Development and Alumni Relations Alumni Association Other Expenditures Costa Rica Operations Total Program Support
The University of Georgia Foundation’s commitment to enhancing the University of Georgia’s academic mission is validated in the chart above that shows support provided to the university in the last decade.
Distributions to Beneficiaries General Operations - UGAF Total Expenditures
$
FY2014 2,858,181 7,382,200 141,169 439,257 3,337,318 13,439,327 15,613,724 2,175,416 1,438,313 1,325,046 1,111,127 1,287,969
$
FY2013 2,975,719 34,458,348 425,453 386,275 893,105 10,220,193 14,262,327 2,009,211 1,564,575 1,449,420 442,381 931,854
50,549,047
70,018,861
455,791 1,713,762
445,723 1,603,595
$ 52,718,600
$ 72,068,179
University of Georgia Foundation – Annual Report
27
Emeritus Trustees, University of Georgia Foundation as of July 1, 2013 B. Heyward Allen, Jr. B. Allen & Co., Inc. Athens, Georgia
David E. Boyd Yates Insurance Agency, Inc. Atlanta, Georgia
Richard W. Courts II Atlantic Investment Company Atlanta, Georgia
Joseph C. Frierson, Jr. Merrill Lynch, Pierce, Fenner and Smith Athens, GA
James L. LaBoon, Jr. Athens First Bank & Trust Company Athens, Georgia
John G. Alston, Sr. JGA Capital Atlanta, Georgia
Jenny Lynn Bradley Savannah, Georgia
Thomas G. Cousins Cousins Properties, Inc. (Retired) Atlanta, Georgia
S. Taylor Glover Turner Enterprises, Inc. Atlanta, Georgia
Jane Darden Lanier Atlanta, Georgia
Carlton L. Curtis Coca-Cola North America Atlanta, Georgia
R. A. Griffin, Jr. Griffin Corporaton Valdosta, Georgia
Chester C. Davenport Georgetown Partners, LLC Bethesda, Maryland
F. Sheffield Hale Atlanta History Center Atlanta, Georgia
Jay M. Davis National Distributing Company, Inc. Atlanta, Georgia
Ben H. Hall, Jr. Dublin Construction Company, Inc. Dublin, Georgia
Beverly F. Dolan First Union National Bank (Retired) Charlotte, North Carolina
Joe Frank Harris Harris Georgia Corporation Cartersville, Georgia
Vincent J. Dooley University of Georgia Athens, Georgia
Pierre Howard The Georgia Conservancy Atlanta, Georgia
Thomas C. Dowden Dowden Communications, Inc. Cashiers, North Carolina
Julie E. Hunt J H Services, Inc. Tifton, Georgia
Robert G. Edge Alston & Bird, LLP Atlanta, Georgia
M. Douglas Ivester Deer Run Investments, LLC Atlanta, Georgia
J. Don Edwards Terry College of Business Athens, Georgia
Stiles A. Kellett, Jr. Kellett Investment Corporation Atlanta, Georgia
William W. Espy The Espy Company Atlanta, Georgia
Martin E. Kilpatrick, Jr. Blackshaw Partners Atlanta, Georgia
Marcus Fechheimer University of Georgia Athens, Georgia
George-Ann W. Knox Augusta, Georgia
Peter A. Amann Merrill Lynch Private Banking & Investment Group Atlanta, Georgia Robert E. Argo, Jr. J & B Holding Company Athens, Georgia W. Franklin Barron, Jr. Rome Coca-Cola (Retired) Rome, Georgia Earl D. Barrs Knapp-Barrs & Associates, Inc. Cochran, Georgia James D. Benefield, Jr. Atlantic National Bank St. Simons Island, Georgia Robert Benham Supreme Court of Georgia Atlanta, Georgia Howard E. Benson Benson’s, Inc. Athens, Georgia Gary K. Bertsch University of Georgia Athens, Georgia Robert D. Bishop SunTrust Bank Athens, Georgia James H. Blanchard Jordan-Blanchard Capital Columbus, Georgia Nelson E. Bowers II Bowers Automotive Group Chattanooga, TN
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W. Waldo Bradley Bradley Plywood Corporation Savannah, Georgia Maxine H. Burton Burton + Burton, Inc. Athens, Georgia James E. Butler, Jr. Butler, Wooten & Fryhofer, LLP Columbus, Georgia Charles E. Campbell McKenna, Long & Aldridge, LLP Atlanta, Georgia Wicke O. Chambers Speechworks Atlanta, Georgia J. David Chatham Chatham Holdings Corporation Alpharetta, Georgia Maxine Clark Build-A-Bear Workshop St. Louis, Missouri John L. Clendenin BellSouth Corporation (Retired) West Palm Beach, Florida Rachel Cosby Conway House Parts, Inc. Atlanta, Georgia Frederick E. Cooper Cooper Capital, LLC Atlanta, Georgia Alston D. Correll, Jr. Atlanta Equity Investors, LLC Atlanta, Georgia Lynda B. Courts Metro Atlanta Chamber of Commerce Atlanta, Georgia
University of Georgia Foundation – Annual Report
Norman S. Fletcher Brinson, Askew, Berry, Seigler, Richardson & Davis, LLP Rome, Georgia
Shell H. Knox Augusta, Georgia Wyckliffe A. Knox, Jr. Kilpatrick Townsend & Stockton, LLP Augusta, Georgia
Thomas W. Lawhorne, Jr. Columbus Cardiovascular Surgery PC Columbus, Georgia Richard N. Lea Attorney Atlanta, Georgia Betsy T. Leebern Columbus, Georgia Earl T. Leonard, Jr. Terry College of Business Atlanta, Georgia Michael P. Marshall Georgia Capital, LLC Atlanta, Georgia F. Abit Massey Georgia Poultry Federation, Inc. Gainesville, Georgia M. Louise McBee Athens, Georgia John F. McMullan Camden Real Estate Company Atlanta, GA Richard B. Means Means Atlanta Properties, LLC Atlanta, Georgia Dudley L. Moore, Jr. Moore Investment Group Atlanta, Georgia C. L. Morehead, Jr. Flowers, Inc. Retail/Wholesale Athens, Georgia William S. Morris III Morris Communications Company, LLC Augusta, Georgia
C. V. Nalley III Nalley Automotive Group Atlanta, Georgia
S. Stephen Selig III Selig Enterprises, Inc. Atlanta, Georgia
Claude Williams, Jr. Williams & Company Athens, Georgia
Robert R. Woodson John H. Harland Company (Retired) Stone Mountain, Georgia
C. Richard Yarbrough BellSouth Corporation (Retired) Atlanta, Georgia
William H. NeSmith, Jr. Community Newspapers, Inc. Athens, Georgia
Peter J. Shedd Terry College of Business Athens, Georgia
Jane S. Willson Sunnyland Farms, Inc. Albany, Georgia
Lois C. Wooten Savannah, Georgia
William D. Young, Sr. General Wholesale Company Atlanta, Georgia
Sanford H. Orkin Sanford H. Orkin Investments Atlanta, Georgia
Henrietta M. Singletary Albany, Georgia
Alexander W. Patterson Alston & Bird, LLP Athens, Georgia William Porter Payne Gleacher & Company Atlanta, Georgia
Steven W. Smith Atlanta Public Schools Atlanta, Georgia Taylor W. Smith Five Smiths, Inc. Atlanta, Georgia
Martha W. Pierce Alpharetta, Georgia
William A. Sterne SunTrust Bank (Retired) Hilton Head, South Carolina
Patrick S. Pittard Patrick Pittard Advisors Atlanta, Georgia
Carl E. Swearingen BellSouth Corporation (Retired) Atlanta, Georgia
John W. Ramsey Macon, Georgia
Mary Virginia Terry The CHT Corporation Jacksonville, Florida
John W. Rooker The Rooker Company Tucker, Georgia William A. Rooker, Jr. The Rooker Company (Retired) Atlanta, Georgia Carl E. Sanders Troutman Sanders LLP (Retired) Atlanta, Georgia Charles S. Sanford, Jr. Bankers Trust Company (Retired) New York, New York Frank W. Seiler Bouhan, Williams & Levy LLP Savannah, Georgia Swann Seiler Georgia Power Company Savannah, GA
Larry D. Thompson University of Georgia Athens, Georgia W. Bradley Turner, Jr. W. C. Bradley Company Columbus, Georgia Norman L. Underwood Troutman Sanders LLP Atlanta, Georgia Harriet H. Warren Higgins Asset Management Atlanta, Georgia Don L. Waters Brasseler USA Savannah, Georgia Ramsey T. Way Way Brothers, Incorporated Hawkinsville, Georgia
Outgoing trustees are always remembered with a gift from the foundation emblematic of their service to the University of Georgia. Pictured above is Chairman John Spalding with Joe Frierson who guided the foundation’s investment committee until the conclusion of his term on June 30.
University of Georgia Foundation – Annual Report
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University of Georgia Foundation Committees: July 1, 2014 – June 30, 2015 Executive John Spalding - Chair Dan Amos John Crawford Bill Douglas - Treasurer Jack Head - Secretary Ken Jackson - Vice Chair Steve Joiner Jere Morehead Read Morton Trey Paris Mary Lou Swift Charlie Williams Bill Young Investment John Crawford - Chair Dave Battle Garry Bridgeman Darren DeVore Bill Douglas Bill Griffin John O. Knox Rusty Lindner John Mangan Stan Shelton Ex-Officio, NonVoting: Ryan Nesbit Costa Rica Board Gail Hunnicutt President Bill Griffin - Secretary Cindy Coyle - Treasurer Pam Whitten Supervisor Vic Corrigan - Director John Neel - Director Ryan Nesbit - Director Kavita Pandit - Director Stephen Smith Director Mary Lou Swift Director 30
Finance & Compensation Bill Douglas - Chair Terry Brown Darren DeVore Mike Godwin Bill Griffin Sam Holmes Ken Jackson Rusty Lindner Keith Mason Read Morton John Neel Barry Storey Charlie Williams Bill Young Ex-Officio, Voting: Tim Keadle Jere Morehead Ex-Officio, NonVoting: Ryan Nesbit Advisory, NonVoting: Ted McMullan Real Estate Charlie Williams Chair Richard Courts Mike Godwin Jack Head Sam Holmes Jeff Knox Cliff McCurry Barry Storey Bill Young Advisory, NonVoting: Mark Chandler Ted McMullan
University of Georgia Foundation – Annual Report
Nominating & Governance Dan Amos - Chair Kathryn Ash Terry Brown Jack Head Sam Holmes Ken Jackson Steve Jones Jeff Knox John O. Knox Read Morton Trey Paris Neal Quirk Robert Stolz Charlie Williams Bill Young Ex-Officio, Voting: Kelly Kerner Jere Morehead Foundation Fellows Mary Lou Swift - Chair Kathryn Ash Dave Battle Vic Corrigan Richard Courts Mike Godwin Abby Irby Steve Joiner Neal Quirk Wick Searcy Stan Shelton Susan Sherman Stephen Smith Brenda Thompson Ex-Officio, Voting: Pam Whitten
Development & Public Affairs Trey Paris - Chair Kathryn Ash John Crawford Greg Gregory Gail Hunnicutt Abby Irby Steve Jones Sissy Lawson John Mangan Keith Mason Cliff McCurry Neal Quirk Wick Searcy Susan Sherman Robert Stolz Mary Lou Swift Brenda Thompson Susan Waltman Ex-Officio, Voting: Tim Keadle Kelly Kerner David Shipley Ex-Officio, NonVoting: Drew Jacoby Michael Lewis Pam Whitten Audit Steve Joiner - Chair Garry Bridgeman Terry Brown Greg Gregory Jeff Knox John O. Knox Sissy Lawson Susan Waltman Advisory, NonVoting: Mark Chandler
Drew Jacoby is the University of Georgia student body president… as holder of that office, he is an ex officio trustee of the University of Georgia Foundation.
Past Chairs, Board of Trustees 1937 – Present University of Georgia Foundation:
1988-1990 John E. Bailey
2007-2009 William D. Young, Jr.
1937-1958 Phinizy Calhoun
1990-1992 Richard W. Courts II
2009-2011 Samuel D. Holmes
1959-1961 Harrison Jones
1992-1994 Dudley L. Moore, Jr.
2011-2013 William D. Young, Jr.
1962-1970 Inman Brandon
1994-1996 Shell H. Knox
2013-Present John P. Spalding
1971-1973 Augustus H. Sterne
1996-1998 Daniel P. Amos
Arch Foundation:
1974-1976 Harry S. Baxter
1998-2000 C. V. Nalley III
1977-1979 Jasper N. Dorsey III
2000-2002 Patrick S. Pittard
1980-1982 Robert G. Edge
2002-2004 John W. Rooker
1983-1985 Alex W. Smith
2004-2005 Lynda B. Courts
1985-1988 Thomas G. Cousins
2005-2007 C. Read Morton
2005-2007 John P. Spalding 2007-2009 Norman S. Fletcher 2009-2011 Andrew M. Head
University of Georgia Foundation Board of Trustees as of July 1, 2014 Daniel P. Amos Aflac Incorporated Columbus, GA Kathryn L. Ash Kathryn Ash Interiors Charlotte, NC David M. Battle Metalmark Capital New York, NY Garry W. Bridgeman Grayson Consulting – Morgan Stanley The Bridgeman Group Atlanta, GA Terry S. Brown EDENS Columbia, SC Victor E. Corrigan II Piedmont Heart Institute Atlanta, GA Richard W. Courts IV Atlantic Realty Company Atlanta, GA John H. Crawford IV Crawford Investment Counsel, Inc. Atlanta, GA Darren W. DeVore Broad Pine Investments Atlanta, GA William W. Douglas III Coca-Cola Enterprises Atlanta, GA Michael H. Godwin Ambling Property Investments, LLC Valdosta, GA Henry D. Gregory, Jr. Atlanta, GA
C. William Griffin Black Knight Financial Services Coraopolis, PA Andrew M. Head Head Management Group, Inc. Atlanta, GA Samuel D. Holmes CB Richards Ellis Atlanta, GA Gail Jackson Hunnicutt LaGrange, GA Sarah Corn Irby Atlanta, GA Kenneth G. Jackson Shaw Industries Group, Inc. Dalton, GA Stephen M. Joiner Deloitte & Touche LLP Atlanta, GA Steve C. Jones U. S. District Judge Atlanta, GA Jefferson B.A. Knox The Knox Foundation Thomson, GA John O. Knox, Jr. Peregrine Investment Advisors, LLC Atlanta, GA Emily Dunlap Lawson Retired Gainesville Mayor and City Council Gainesville, GA Russell C. Lindner The Forge Company Washington, DC
John F. Mangan, Jr. JFM Capital LLC Charlotte, NC Keith W. Mason McKenna, Long & Aldridge Atlanta, GA James C. McCurry Seacrest Partners Savannah, GA C. Read Morton, Jr. Centennial Holding Company Atlanta, GA John S. Neel, Jr. The Sanford Company Macon, GA Thomas H. Paris III General Electric Atlanta, GA Neal J. Quirk Quirk & Quirk, LLC Atlanta, GA William N. Searcy Brannen, Searcy & Smith, LLP Savannah, GA Stanley W. Shelton Windham Capital Management, LLC Wayland, MD Susan Donziger Sherman Susan Sherman Inc. St. Louis, MO Stephen W. Smith, M.D. Peachtree Orthopedic Clinic Atlanta, GA John P. Spalding Cox Communications, Inc. Atlanta, GA
Robert H. Stolz Würth Group North America Charlotte, NC
Jere W. Morehead President The University of Georgia Athens, GA
Advisory: Mark B. Chandler Habersham Properties Atlanta, GA
Barry L. Storey Hull Storey Gibson Companies LLC Augusta, GA
David E. Shipley Chair of the Executive Committee University Council The University of Georgia Athens, GA
John Edward McMullan Covington Investments LLC Atlanta, GA
Mary Lou C. Swift Licensed Professional Counselor Columbus, GA Brenda A. Thompson Retired School and Clinical Psychologist Greenwich, CT Susan C. Waltman Greater New York Hospital Association Pelham, NY Charles S. Williams, Jr. Charles Williams Real Estate Investment Corporation Rome, GA William D. Young, Jr. General Wholesale Company Atlanta, GA Ex-Officio, Voting: Timothy A. Keadle President UGA Alumni Association Statham, GA Kelly Kerner Senior Vice President for Development and Alumni Relations The University of Georgia Athens, GA
Ex-Officio, Non-Voting: Drew M. Jacoby President of the UGA Student Government Association Athens, GA J. Michael Lewis President of the UGA Staff Council Athens, GA Ryan A. Nesbit Senior Vice President for Finance and Administration The University of Georgia Athens, GA Pamela S. Whitten Senior Vice President for Academic Affairs and Provost The University of Georgia Athens, GA
About the Back Cover: Spring Commencement is one of the most exciting events of the academic year as Sanford Stadium hosts the largest of its annual graduation ceremonies. The back cover photo shows the spring 2014 graduating class, which included a combined total of 5,374 undergraduate and graduate students. In addition to the students, more than 12,000 family, friends and UGA faculty and staff attended the May 9, 2014 celebration. University of Georgia Foundation – Annual Report
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University of Georgia Foundation 394 South Milledge Avenue Suite 100 Athens, Georgia 30602 Telephone: 706.542.6677 Atlanta Line: 404.656.6206
Thank you for your support! 32
University of Georgia Foundation – Annual Report
The University of Georgia Foundation accepts and manages gifts to the university according to donor wishes. For more information, please call (706) 542-6677 or visit the foundation’s website at www.ugafoundation.org