University of Georgia
FOUNDATION
2 0 1 3 An n ua l Re p ort
About the Front Cover and Above: Students from the UGA College of Public Health and the Georgia Regents University/University of Georgia Medical Partnership are trained and housed on the Health Sciences Campus (HSC) located on Prince Avenue in Athens. More than 800 students, faculty and staff are engaged in campus life at the HSC which was home to the historic U.S. Navy Supply Corps School for 57 years. The first UGA classes on the campus were offered in 2012.
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 Ryan Hitchins, Investment, Foundation Fellows and Real Estate Committees Chrissy Moffett, Investment Committee Elizabeth Prince, Finance & Compensation and Audit Committees Chris Setzer, Costa Rica Corporation Chip Stewart, Development & Public Affairs Committee
T a bl e of
Contents Letter from the Chairman - Bill Young, Jr. .................................... 4 Letter from the President - Jere W. Morehead................................ 5 Letter from the President - Michael F. Ada ms................................. 6 Development and Public Affairs Committee Update........................ 7 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 Dono r Funded Chairs and Professorships.. .................................. 16 Dono r Profile: C.L . Morehead, Jr... ............................................ 18 Dono r Profile: Jimmy Alston..................................................... 20 Faculty Profile: Dr. Gregory Robinson........................................ 22 Financial Statement................................................................ 24 Use of Funds......................................................................... 26 Emeritus Trustees................................................................... 28 Committee Listings and Past Chairs........................................... 30 Board of Trustees................................................................... 31
Herty Field on North Campus is named for Chemistry Professor Charles Herty who introduced Georgia students to football. It is the site of the first intercollegiate football game ever played in Georgia on January 30, 1892 and hosted UGA home games until 1911.
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.
University of Georgia Foundation – Annual Report
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L e t te r fr om the
Chairman Dear Friends: It is with great pride that I note the University of Georgia in fiscal year 2013 received more than $100 million in gifts to support scholarships, faculty, research, new facilities, infrastructure enhancements and a range of other needs across the institution. 2013 marks eight consecutive years in which the $100 million mark in gifts has been eclipsed, which is a tribute to those of you that continue to offer your generous support. With costs rising for tuition and living expenses, private gifts are essential to fill the gaps. That is a very hopeful note on which to end my term. I have been privileged to work with a board that, in my opinion, is second to none. The depth and breadth of expertise gives us a winning group of professionals focused on a common goal of supporting and enhancing the University of Georgia’s academic mission. As board members, we all recognize that our service to the University of Georgia is on behalf of our donors. As such, we are committed to the fiduciary care of funds entrusted to the foundation so that the institution realizes the maximum, long-term benefit. In reading the pages of this publication, you will see the foundation continues to achieve that objective and I hope you are pleased with our efforts. We were all excited when Jere Morehead was named as the University of Georgia’s twenty-second president. President Morehead’s deep commitment to academics is well known and we stand ready and look forward to assisting his efforts to enhance the University of Georgia’s standing as one of America’s greatest public universities.
University of Georgia Foundation Chairman Bill Young, Jr. presents President and Mrs. Adams with an etched glass reproduction of the university seal at the UGA Foundation’s annual meeting in June. To commemorate his retirement, the foundation honored President Adams for 16 years of dedicated service to the university.
For the next two years, we are fortunate to have John Spalding as our new chairman. John’s family was instrumental in the formation of the University of Georgia Foundation 76 years ago and, in fact, the Spaldings’ generational roots extend to the university’s formative years. It is a great family tradition of gifts and service, and John has upheld a fine standard in making the University of Georgia the best institution it can be. I offer him my best wishes and unqualified support. Sincerely,
Bill Young, Jr., Chairman
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University of Georgia Foundation – Annual Report
Let t e r fr om the
President Dear Friends: On behalf of the students, faculty and staff of the University of Georgia, thank you for your continued generous financial support. The recent economic downturn has posed challenges for public higher education, but your support has helped us manage those challenges with minimal impact to the educational process. In fact, the university’s endowment grew in 2013, as you will read in this report. Increasing the endowment must remain a focus of our efforts at the UGA Foundation, as there is no more important financial factor in our future success. Thanks in large part to your gifts, we are able to attract and retain world-class faculty and offer scholarships that result in many top students choosing the University of Georgia over the nation’s elite institutions of higher education. I am confident that we will receive the level of financial support necessary to enable the University to reach new heights of excellence. It gives me great confidence to see the growing understanding among UGA’s alumni and friends that those who care deeply about this institution have a responsibility to support it financially. I am grateful to the members of the UGA Foundation — volunteers who are dedicated to the mission of this institution. Their leadership is helping us establish UGA as one of America’s great public universities. The opportunity to lead this university is a challenging and exciting one, and I look forward to working with you to accomplish our many goals. Sincerely,
Jere W. Morehead 22nd President Term beginning July 1, 2013
The Miller Learning Center is home to 26 classrooms that can accommodate 2,200 students and is a facility in which most UGA undergraduates will have at least one class during their time on campus.
University of Georgia Foundation – Annual Report
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L e t te r fr om the
President Dear Friends: For 16 years I had the privilege of serving the University of Georgia and experiencing the growth of our student body, our faculty and our campus. I am elated that we have a long list of beautiful new facilities, refurbished and expanded buildings, and green spaces that combine to make our campus one of the most beautiful and environmentally responsible in America. I am exceedingly proud of the fact that, during my term, we attracted world-class faculty to the university and raised the academic bar for students to all-time highs. While there was a great deal of hard work that went into these accomplishments, your generosity is a primary reason they became reality.
The beautiful green spaces on North Campus have been favorite gathering spots for generations of UGA students for more than two centuries.
“As a Ramsey Scholar, I have had countless opportunities to develop my interests both inside and outside the classroom. Thanks to the Ramsey Scholarship, I spent last summer working directly with elephants on a sanctuary in rural Thailand, a once-in-a-lifetime experience that has fueled my passion for global health and animal care. The scholarship has pushed me to not only be a better student, but to be an engaging, open-minded and active global citizen.” – Rachel Paleg Silver Spring, Maryland Ramsey Honors Scholar, Class of 2016 Geography
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University of Georgia Foundation – Annual Report
I offer my sincerest thanks to you for helping to make the University of Georgia the great institution that it is today through your gifts to the University of Georgia Foundation. Your unwavering support in good economic times and bad was exemplary and I sincerely hope you will continue to share your gifts with the foundation and support President Morehead as you did me. Thank you for the many kindnesses, good wishes and expressions of gratitude prior to my stepping down … I am humbled to have been your president and will cherish the years Mary and I have spent with you in Athens. Sincerely,
Michael F. Adams 21st President Term ending June 30, 2013
Com m i t t e e Activit y
Overview Development and Public Affairs Committee Update 2013 was an active year for the Development and Public Affairs Committee as members focused on fundraising efforts, communicating the foundation’s key messages and fostering donor relationships. The ultimate goal is to help the university’s development team secure gifts for scholarships, chairs, professorships and other vital needs.
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While the Development and Public Affairs Committee fulfills much of its charge in support of the university as a singular entity, its day-to-day focus is on three main initiatives: fundraising, communications and the UGA Board of Visitors. As such, three subcommittees fulfill responsibilities across the noted areas.
100
The Fundraising Subcommittee worked to engage trustees in fundraising and “friendraising” activities and to participate in university events with an objective of introducing the foundation to prospective donors and motivate giving. Trustees responded by staging or participating in more than 25 events in locales throughout Georgia, New England, Washington, D.C. and the Midwest among others. The Communications Subcommittee managed the foundation’s public outreach efforts including oversight of writing, photography and graphic design of the annual report, the quarterly Chairman’s Newsletter, one-on-one donor communications, press releases and ongoing revisions and news updates on the UGA Foundation web site (www.ugafoundation. org.) The Board of Visitors Subcommittee provides programmatic input and support for quarterly meetings of the UGA Board of Visitors where influential Georgians, those who may have limited familiarity with UGA, are invited to learn about the university’s economic impact, academics, athletics, new facilities and student life. Board of Visitors Subcommittee members serve as ambassadors for the university, sharing news with their constituencies about new developments at UGA. Trey Paris – Chair
$126.2 $117.3
120
80
$96.9
$110.8 $108.3 $106.4 $103.9 $101.9
$102.7
$77.8
60
40
20 0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Private Support 2004–2013
“The UGA Honors Program plucked me from a rural town in Southwest Georgia, introduced me to top-notch researchers in political science and international relations, and sent me to learn a new language in France and to intern for policymakers in Washington, DC. This level of access would have been impossible for a student of my background without the UGA Foundation’s support.” – Cody Knapp Thomasville, Georgia CURO Honors Scholar, Class of 2014 International Affairs
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 and to extend offers to those students who are also being recruited by renowned institutions such as Harvard, Northwestern, Stanford, etc.
Interview weekend attracts the best and brightest students to UGA. Pictured with Chairman Young (L-R) are Foundation Fellows Jeremiah Stevens and Bethany McCain and Ramsey Honors Scholar Abigail Shell.
“As a Foundation Fellow, I have been able to meet the university’s top faculty, travel around the world and experience new cultures, and most importantly, meet and learn from some of the most amazing students at UGA.” – Eytan Palte Atlanta, Georgia Foundation Fellows, Class of 2016 International Affairs
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University of Georgia Foundation – Annual Report
As has become custom with the Foundation Fellows program, 2013 was a superb year. The incoming class includes 29 scholars – 22 of which accepted Foundation Fellowships and seven that were awarded Ramsey Honors Scholarships. More than 800 applications were submitted by top students from around the nation and all were among the very best at their respective schools. Those that earned Foundation Fellowships or Ramsey Honors Scholarships boast academic credentials that are nothing short of incredible. In addition to the newest class, last spring, three scholars earned mid-term Foundation Fellowships. These awards are made annually to currently enrolled Honors Program students for outstanding academic achievement during their first two years at the University of Georgia. In sum total, this brings to 87 the number of Foundation Fellows and 27 the number of Ramsey Honors Scholars. Mary Lou Swift – Chair
The freshman class of Foundation Fellows achieved an average GPA of 4.19 and an average SAT score of 1540*. The freshmen Ramsey Scholars compiled an average GPA of 4.14 and an average SAT score of 1527*. * Critical reading and math sections only
Among the 2013 graduates, students have moved on to prestigious destinations including Yale School of Medicine, Rockefeller University, University of California at Berkeley, Vanderbilt Law School and the French universities of Pau and Pays de l’Adour and Lyon Lumière. They have garnered scholarships including the Erasmus Mundus Graduate Fellowship and the Phi Kappa Phi Graduate Fellowship. Others have entered the workforce with McKinsey & Company, J.P. Morgan, Boston Consulting Group, General Motors, Caterpillar and the Woodruff & Whitehead Foundations among others. The graduating class included a Goldwater Scholar (Buck Trible) and a Udall Scholar (Todd Pierson), two of the most prestigious undergraduate awards in the United States. They are joined by other undergraduate Fellows and Ramseys who hold the Truman (Smitha Ganeshan), Goldwater (Phil Grayeski, Marianne Ligon, Victoria DeLeo), and Udall (Sara Black) scholarships. The crowning achievement in 2013 came when Elizabeth Allan won a Rhodes Scholarship. She is the fourth Foundation Fellow to win a Rhodes in the last six years and is the twenty-third from UGA.
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 2014 Yuliya Bila, Canton, GA Sara Thomas Black, Mountain Brook, AL Jesse Yuen-Fu Chan, Hendersonville, TN Smitha Ganeshan, Alpharetta, GA Joseph Elliott Gerber, Lincolnshire, IL Philip Joseph Grayeski, Bridgewater, NJ Osama Shariq Hashmi, Augusta, GA Anisha Ramchandra Hegde, Snellville, GA Paul Alexander Kirschenbauer, Chattanooga, TN Marianne Morris Ligon, Clemson, SC David Richman Millard, Athens, GA Clara Marina Nibbelink, Athens, GA Rachel Claire Sellers, Cumming, GA Blake Elizabeth Shessel, Atlanta, GA Jeremiah Hudson Stevens, Tunnel Hill, GA Matthew Telford Tyler, Atlanta, GA Jacqueline Elizabeth Van De Velde, St. Simons Island, GA Kishore Pavan Vedala, Alpharetta, GA Cameron Saeed Zahedi, Alpharetta, GA 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 Alexandra Rae Edquist, Alpharetta, 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, Dectaur, 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
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
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 B. 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 2014 Catherine Jane Backus, Oak Ridge, TN Emily Elizabeth Backus, Oak Ridge, TN Victoria Lynn DeLeo, Ft. Lauderdale, FL Amanda Jane Holder, Sag Harbor, NY Stephen Edward Lago, Roswell, GA Mariana Lynne Satterly, Watkinsville, GA Pranay Kumar Udutha, Marietta, GA
Class of 2015 Cody James Baetz, Cumming, GA Carmen Orpinas Kraus, Athens, GA Tuan Anh Nguyen, Douglasville, GA Abigail Taylor Shell, Sharpsburg, GA Class of 2016 Melissa Carlene Cousins, Midland, GA Lauren Wesley Dennison, Maineville, OH
Berta Maria Franzluebbers, Watkinsville, 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 Kathleen Elizabeth Wilson, Beaumont, TX
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
University of Georgia Foundation – Annual Report
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Com m it te e A ctivit y
Overview Real Estate Committee Update The Real Estate Committee’s primary responsibility is to provide oversight of the foundation’s real estate transactions, ensuring properties are managed in ways that meet donor requirements and provide the greatest benefit to the University of Georgia. In sum total, the real estate committee manages gifts of real property to the foundation of $30.4 million. Fiscal year 2013 was active in terms of transactions as improvement in the U.S. real estate markets helped spur sales in residential real estate and timber. During this time period, the foundation liquidated $906,638.00 of real estate and $157,740.00 in timber assets. The proceeds from these transactions are used, according to donor wishes, to benefit a number of different endowments at the University of Georgia. The foundation also transferred 90 acres of land and timber assets located in an important archeological site to The University of Georgia to benefit both UGA and the State Museum of Natural History. Charlie Williams – Chair Soule Hall is the oldest residence hall in the Myers community, and is the only suite-style hall reserved for non-freshman females. Built in 1919, Soule is best known for its Southern charm with rocking chair porches, large kitchens and a central parlor for watching television and social gatherings.
“The Foundation Fellowship has provided me with more opportunities than I could have imagined: whether bonding with amazing people or traveling to extraordinary places.” – Chris Lewitzke Third Lake, Illinois Foundation Fellows, Class of 2016 Marketing and Public Relations
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University of Georgia Foundation – Annual Report
The lobby of the Tate Student Center is one of the most popular places for students to take a break on campus during the school day.
Investment Committee Update
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For fiscal year 2013 ended June 30, the foundation’s investment portfolio increased 13.6%, ending the year with a market value of just over $680 million. The investment portfolio outperformed its policy and actual indices for all relevant investment periods (one, three, five and 10-year periods.)
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The asset allocation at the close of the fiscal year is illustrated below along with the long-term investment return history for the portfolio, net of fees, and performance by asset class.
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21.1%
20.4%
20.3%
15
12.7%
10
13.6%
12.4%
10.7%
0 -1.5%
-1.6%
-5
Looking forward, we believe the portfolio is well situated for the current investment environment where dispersion of returns among investments has increased. Given our mandate to generate growth for spending, we maintain a bias toward equity-like investments, but continue to look for low-correlated assets that may boost returns while lowering the portfolio’s overall risk profile. The current asset allocation also serves to reduce portfolio volatility and should serve us well in the future. Joe Frierson, Jr. – Chair
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-5.8%
-6.9%
-15 -20 -25
-23.96% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Long-Term Investment Return
0.10%
Cash 8.60%
Natural Resources
-5.00%
Natural Resources – 5.3% Real Estate – 6.1%
TIPs
U.S. TIPS – 2.0% Real Estate
11.70% 13.60%
Alternative Strategies
14.40%
International Equity 23.00%
-5%
Fixed Income 10.5%
Domestic Equity 26.2%
Fixed Income
-0.40%
-10%
Cash – 0.5%
0%
5%
10%
15%
20%
Fiscal Year Performance by Asset Class
25%
Domestic Equity
Alternative Strategies 30.2%
International Equity – 19.2%
Asset Allocation at June 30, 2013
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 approximately $866 million in assets and managing foundation revenues from donor gifts and investment returns. In fiscal year 2013, the foundation provided the university with more than $68.9 million, of which, $8.9 million came from unrestricted resources. For details on the total $68.9 million in support provided to the University of Georgia by the foundation, see page 27. The committee is most proud of its work in managing the $12.5 million unrestricted budget. This means working closely with university administration and in particular the provost, to provide support where university funds are not available. The foundation’s fiscal year 2013 allocation of $8.9 million was applied as follows:
Much of the new construction that has occurred in recent years on South Campus has included improved pedestrian access and lush green space such as that bordering several facilities including Marine Science, Dance, Pharmacy, Forestry Resources, Ecology, Graduate Research and Hardman Hall.
“I am blessed and humbled to be a part of a community of peers, advisors and faculty that support and encourage both my academic and my personal endeavors. Thanks to the Ramsey Honors Scholarship, I was able to spend eleven weeks of my summer living in Morocco, wandering through the bustling streets of old medinas, sharing in the traditions of locals, and pursuing my dream of studying Arabic in an immersive environment.” – Kathleen Wilson Beaumont, Texas Ramsey Honors Scholar, Class of 2016 International Affairs and Economics
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University of Georgia Foundation – Annual Report
• $2.6 million for the Division of Development and Alumni Relations including campaign support and funding for the UGA Alumni Association. • $2 million investment in the unrestricted endowment. • $1.6 million in scholarship support. • $0.9 million in UGA programs/student and faculty support. • $0.9 million for university programs such as special events, commencements, etc. • $0.9 million for foundation administrative expenses. Due to good investment returns, the foundation was able to provide additional funding to the university beyond the budgeted allocation of nearly $3 million. The funding will be used to support need-based and professional school scholarships, endowed professorships, study abroad scholarships, and the Washington, D.C. program for scholarships and to secure a permanent facility for the program. Ken Jackson – Chair
Nominating and Governance Committee Update The Nominating and Governance Committee evaluates and nominates trustee candidates and is responsible for monitoring the performance of all UGA Foundation trustees and advisory trustees. Nominations are based on, but not limited to: geographic location, 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 to the board for action in governance matters. In fiscal year 2013, the committee vetted many qualified trustee candidates, and recommended those listed below to the full board. Each received unanimous confirmation. Elected Trustees: • Garry Bridgeman is a first vice president, investments, and a private wealth advisor for Merrill Lynch. He previously served the foundation as a trustee from 2005 to 2012. • Vic Corrigan, MD, who served the foundation for one term as an advisory trustee, is recognized as one of the nation’s top physicians by U.S. News & World Report and is a partner in the Atlanta Cardiology Group. • Stephen Joiner is a regional managing partner, in the Southeast Division of Deloitte & Touche’s Mergers and Acquisitions Services Group in Atlanta. • Steve Jones is a U.S. District Court Judge in Atlanta and past president of the UGA Alumni Association. In the latter capacity he served as an ex-officio trustee of the foundation. • Cliff McCurry is a Chartered Property Casualty Underwriter (CPCU) who has been a vibrant force in the Savannah insurance and business community for more than 40 years. • Barry Storey served one term as an advisory trustee and is co-owner of Hull Storey Gibson Companies, an Augusta-based real estate acquisition, management and development firm. • Brenda Thompson, PhD, holds a doctorate in clinical psychology from St. Louis University. She is a longtime patron of the arts in Georgia who serves on the board of advisors for the Georgia Museum of Art.
Selig Plaza is located in front of Butts-Mehre Heritage Hall and honors Simon S. Selig, a generous donor to the University of Georgia. The Simon S. Selig Chair for Economic Growth in the Terry College of Business is endowed in the UGA Foundation. Simon’s son, Steve Selig, is an emeritus trustee of the foundation.
Advisory Trustees: • Mark Chandler is president and founder of Habersham Properties, an Atlanta property management and brokerage firm. • Richard W. Courts IV is vice president of brokerage services for Carter & Associates, the Southeast’s oldest and largest privately held commercial real estate firm. • John Mangan is a Charlotte-based private investor and former All-SEC and All-America tennis player at UGA. • Ted McMullan is president and chairman of Atlanta-based Covington Investments, a privately owned firm whose related companies own and operate senior living communities in Florida, Ohio and Tennessee. • Susan Donziger Sherman, is president of Susan Sherman Inc., a St. Louis, Missouri-based marketing, special events and public relations company. We are honored to have presented these candidates for election and look forward to their service to the university and the foundation. Dan Amos – Chair
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. The Audit Committee did request staff to prepare a Request for Proposal to seek services for the administration of current and future split interest agreements or deferred trusts. This resulted in the hiring of State Street to manage the portfolio. We look forward to advancing this committee’s important work in 2014 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.
“Being a Foundation Fellow has led to a college experience that I never imagined. Having the unique opportunity to learn about postApartheid South Africa and then see it was absolutely phenomenal. Traveling to South Africa lent a new window into understanding the country and its culture, a window I never imagined would be available to me.” – Jesse Chan Goodlettsville, Tennessee Foundation Fellows, Class of 2014 Accounting
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University of Georgia Foundation – Annual Report
John McMullan – Chair
Each year hundreds of students gather in Tate Plaza to say “Thank You” to donors for helping them meet the costs of attending the University of Georgia. In 2013, students made signs, posed for pictures, created video greetings and signed cards expressing their gratitude.
Costa Rica Corporation Update Ask any student or faculty member who has traveled to, and studied at, the University of Georgia campus in Costa Rica and almost all will tell you that it was one of the best experiences of their lives. Situated in the hills of San Luis de Monteverde, UGA Costa Rica provides a superb learning environment in which a broad range of degree studies are offered throughout the year. Course offerings range from the expected (ecology, biology, ornithology, Spanish, etc.) to those that might surprise you (dance, filmmaking, art and others.)
The UGA Costa Rica campus was honored by GoAbroad. com with the prestigious “Innovation in Sustainability Award”) presented at the Association of International Educators annual conference. GoAbroad.com recognized UGA Costa Rica for its core mission of studying, understanding, and embodying the interconnectedness of human society within the natural environment. The 155-acre campus is independently certified as a sustainable operation, achieving a score of 85% or higher in four central areas evaluated, including 100% in the assessment of employee relations and community engagement.
In 2013, aside from the traditional travel-study groups, UGA Costa Rica was privileged to host a visit by Costa Rica’s president, Laura Chinchilla (in photo below/right with arms folded.) She and her staff toured the campus and heard a presentation on UGA Costa Rica’s successful efforts in environmental sustainability from General Manager Fabricio Camacho (at right in the same photo.) In addition to President Chinchilla’s visit, UGA Costa Rica was honored to host Otton Solis, the Central American country’s former minister of planning and political economy, who taught two international affairs courses in the Summer International Studies Program. UGA Costa Rica … a unique and special place and we are elated that it is made possible, in part, by the generosity of donors to the University of Georgia Foundation. For more information on the many wonderful programs at UGA Costa Rica, visit our web site: ugacostarica.org. Gail Hunnicutt – President
Another “Bulldog point of pride” is evidenced in the fact that a significant milestone was recently achieved when students eclipsed 28,000 new trees planted as part of UGA’s carbon-offset reforestation program. Above, Franklin College Residential Dean Gene Wright and students measure saplings ahead of planting.
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 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 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
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University of Georgia Foundation – Annual Report
E. Merton Coulter Professorship in History 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 Anderson Professorship in Genetics, Dr. Wyatt Georgia Athletic Association Professorship in Social Sciences University of Georgia Foundation Distinguished Professorship in Chemistry John D. Boyd UGA Foundation Professorship in Choral Music Covenant Foundation Professorship in Jewish Studies Lamar Dodd Professorial Chair of Art Fund 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 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 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 College of Education Elizabeth Garrard Hall Professorship in Early Childhood Education Athletic Association Professorship in Math and Science Education Wheatley 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 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 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 Warnell School of Forestry and Natural Resources Hargreaves 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 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 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 Arthur K. Bolton Professorship Georgia Athletic Association Professorship in Law College of Pharmacy Terry GRA Eminent 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 Athletic Association Professorship in Public Health School of Public and International Affairs Alexander M. Crenshaw Professorship in Public Policy 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 Arch Professorship in Public and International Affairs School of Social Work Hollowell Distinguished Professorship of Social Justice & Civil Rights Thomas M. (Jim) Parham Professorship Pauline M. Berger Memorial Professorship College of Veterinary Medicine GRA Eminent Scholar in Animal Health/Vaccine Development Caswell GRA Eidson 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 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
University of Georgia Foundation – Annual Report
17
Donor P r ofile
C.L. Morehead, Jr. The Artistry of Flowers In its rich and storied history, the University of Georgia has produced many graduates who have achieved great success in the business world and who have become generous benefactors of the university. A gentleman who embodies such character is C.L. Morehead, Jr., an emeritus trustee of the University of Georgia Foundation. Morehead is a kind and gentle man whose love of flowers and a UGA degree in horticulture, earned in 1950, provided the inspiration for a thriving business, Flowers, Inc. It is an enterprise in which he is still the majority owner today. He was an entrepreneur of the first order who, after volunteering and serving the U.S. Army as a mess sergeant on the front lines in the Korean War, decided to pursue a career that would allow him to indulge his passion for flowers while earning a paycheck. It couldn’t have worked out better. “I love beautiful things and flowers are absolutely beautiful,” he said. “I have loved them since I was a little boy.” At a very young age he was growing flowers on the family farm where he grew up in Irwin County, Georgia and would landscape the outside of his parents’ home. He also put together special flower arrangements to dress up the house for Christmas, Easter and other special occasions. His appreciation of flowers continued into young adulthood, when he entered Abraham Baldwin Agricultural College in Tifton and earned an associate’s degree in horticulture. The next step from ABAC, as it is popularly known, was to Athens, where, he stated emphatically, “I wanted to get my degree in two years, leave Athens and never come back.” C.L. Morehead with one of Lamar Dodd’s most famous gold leaf works. “Crucified Sun” once hung in the Carter Center office of former President Jimmy Carter in Atlanta.
He achieved the first objective, but not the second. Morehead has long been a fixture in Athens business and on the campus at the University of Georgia. His impact on both has been immense. From his first days working in a downtown Athens Flower Shop to starting Flowers, Inc., Morehead designed flower arrangements that caught the eye of Lamar Dodd, founder of UGA’s Art School which now bears his name. “Lamar Dodd did a lot of entertaining in the old days and he loved flowers, so I did very elaborate arrangements for him and he liked them,” said Morehead. “He’s the one who made me understand that flowers are beautiful works of art in their own way. He took me under his wing and piped it into me, and then began to introduce me to the more traditional forms of art because I had really never been exposed to it growing up in south Georgia. “Lamar is the one who helped me to understand the technical aspects of art and the history, both of which are fascinating. I used to go see him every day to learn about art and watch him work.” Morehead continued, “One day after I had achieved a level of success in the flower business I told him that I would be interested in buying some of his paintings.” A big smile crosses Morehead’s face when he states, “Lamar looked at me and said, ‘young man, you don’t buy paintings, you acquire them.’”
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University of Georgia Foundation – Annual Report
Morehead took the message to heart and began acquiring Dodd’s works. He and Dodd had such mutual admiration that after a time, Dodd began to give Morehead works of art and personal memorabilia – medals, pins, trophies, ribbons and countless other awards he had accumulated over his remarkable life. “I was embarrassed to take them,” Morehead admits, “but he insisted.” The art collection alone has swelled to more than 800 pieces and it is evident that Dodd was fully aware of what he was doing. In Morehead, he had found the perfect caretaker. Morehead made gifts to the Georgia Museum of Art that helped fund creation of the C.L. Morehead, Jr. Center for the Study of American Art to which he has promised his entire collection of Dodd’s art and memorabilia. William Underwood Eiland, director of the museum, says what the humble Morehead will not. “What C.L. has done for the museum and the university has been magnified many times … more than even he knows,” said Eiland. “We have many great supporters and C.L. is among the very best. “Without his help we would be an entirely different institution. We would be much smaller, have a less ambitious agenda and would be less aggressive. With his faithful support of the museum – his financial gifts and his art collections – we are able to fulfill our pledge to achieve the university’s mission of teaching, service and scholarship. “C.L. is one of our greatest donors and is a huge part of making possible all that we are today. He has changed not just the museum, but the entire university and all in his own quiet, modest way.” As if to validate Eiland’s point, Morehead shrugs his shoulders a bit and says, “It makes me feel good to help.”
C.L. Morehead loves to host visitors eager to see his collection of Lamar Dodd’s works. He is pictured here with Mr. and Mrs. Carl Mullis III. Mr. Mullis is a former president of the Georgia Museum of Art’s Board of Advisors.
University of Georgia Foundation – Annual Report
19
Donor P r ofile
Jimmy Alston A UGA Legacy with a Solid Foundation There is an expression that dates to antiquity, origin unknown, that says, “Behind every good man is a great woman.” Jimmy Alston is one who wouldn’t argue the point. Born in 1942 and raised in Atlanta, he made his way to the University of Georgia, where as a freshman, he was first introduced to his wife-to-be Gayle. “When we were freshmen, Gayle was a sorority sister of Bunny Clarke and I was a fraternity brother of Clisby Clarke,” (yes, that Clisby Clarke of “Bulldog Bite” fame.) “I was Clisby’s little SAE brother and Gayle was Bunny’s ADPi little sister. They introduced us, we had our first date, during which I didn’t say a word until I was dropping her off at the end of the evening. That’s when I worked up the courage to ask if she would go out with me again. “We wound up dating all four years of college and got married,” he said. 48 years, three children and six grandchildren later (with number seven on the way) they’re still married. “If it wasn’t for Gayle, I wouldn’t have made it through UGA … she made sure I was serious about my studies and made the grades to get my degree. There’s actually a lot in life I wouldn’t have made it through if it weren’t for her.” Alston graduated with an ABJ in Advertising and Public Relations from the Grady College in 1966 and immediately entered the U.S. Army where he served in an aviation brigade in Vietnam. Honorably discharged in 1969, he came home to begin work as a real estate broker and later established a successful building products company that boasted 13 locations throughout the Southeast. He sold the building products business in 2006 and now in retirement serves as chair of the John Huland Carmical Foundation, established by his longtime friend who was one of the rare few people to have lived in three centuries, passing away at the age of 104 in the first part of the 21st Century. Late in his life, Carmical, himself a UGA graduate and student editor of the 1917 Pandora Yearbook, decided to establish a foundation to support his alma mater and appointed Alston as its chairman. Jimmy and Gayle Alston are both 1965 graduates of the University of Georgia.
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University of Georgia Foundation – Annual Report
“Mr. Carmical was a great friend and a wonderful man,” said Alston. “It is a real tribute to him that through his foundation we were recently able to fund the John Carmical Distinguished Professorship in Sports Journalism and Society in the Grady College that is held by Vicki Michaelis.”
Separate from the Carmical Foundation, I’m also very proud of the fact that my mother established the Philip H. Alston Distinguished Chair in Political Science in the school of Public and International Affairs in my father’s honor,” Alston added. Philip Alston was a UGA graduate, former head of the UGA Alumni Association and a trustee of the University of Georgia Foundation. “That chair was established to help the university lure Zell Miller to Athens. He held the chair for a time before heading off to Washington. “Today it is filled by Dr. Keith Poole and we’re very proud of the job he’s doing.” Following in his father’s footsteps, Jimmy Alston served a term on the University of Georgia Foundation where he chaired the Foundation Fellows Committee. “I spent four years attending interview weekend and the candidates competing for the Foundation Fellowship were truly exceptional,” he said. “The kids that make it to Interview Weekend are universally well-rounded, having achieved incredibly high GPAs with resumes of extracurricular activities that are remarkable. “We would have students with GPAs of 4.0 and SATs approaching 1600 that didn’t even make the cut for Interview Weekend, that’s how remarkable they were.” Alston believes that his timing couldn’t have been better when it came to chairing the Foundation Fellows Committee. “Jere Morehead was head of the Honors and Foundation Fellows programs. He was very hands-on and, with the support of then President Adams, helped make the Honors Program one of the best in the country,” he said. “And I think David Williams has done a fine job in carrying that tradition forward.” Alston also credits Morehead as the man behind the scenes that helped groom the very best students to compete for Rhodes Scholarships (of which UGA students have won an astonishing 23 over the years.) “Knowing what I know of President Morehead’s work then, makes me confident that he will be an exceptional academic leader and that our future is bright.” With support from graduates such as Jimmy Alston, there is little doubt his assessment is right on target.
Jimmy Alston, prior to his retirement, with then provost and current UGA President Jere Morehead at Alston’s former business office in Atlanta.
University of Georgia Foundation – Annual Report
21
F acu lt y P r of il e
Dr . Gr e g ory R obi n s on UGA Foundation Distinguished Professor in Chemistry Sit down and chat with Dr. Gregory Robinson, the University of Georgia Foundation Distinguished Professor in Chemistry, and it doesn’t take long to realize he is a man who has found his calling. His enthusiasm for working in a laboratory with a team on groundbreaking discoveries, his genuine love of chemistry and his passion for teaching reveal a perfect fit. Robinson got the chemistry bug early in life, growing up in Calhoun County, Alabama where his parents raised six children in a home that didn’t have indoor plumbing until he was 16. About the time water was finally flowing in the Robinson home was when young Greg was introduced to the “wonder of chemistry” as he calls it. “I attended a high school that only a few years before had been segregated,” he said. “I had a great teacher who really sparked my interest … so much so, that even though I was only required to take one year of chemistry, I took two, and loved every minute of it.” Robinson graduated high school with an excellent academic record and an equally impressive list of accomplishments on the school’s athletic teams. He quarterbacked the football team and played basketball and baseball at a high level. His academic and athletic successes caught the eye of nearby Jacksonville State University which offered him a scholarship to play football, but they needed help at linebacker and thus his college years were spent on the defensive side of the line of scrimmage. Robinson was good enough to draw inquiries from professional football teams, but it was not a mutual interest. “I loved playing football, but I wanted to pursue a PhD in chemistry so I could teach and pursue research, which I did,” he said. “I attended the University of Alabama, and in 1984 I received my doctorate. I began my academic career at Clemson University. “Along about 1995, Professor Bruce King asked me to present my research at Clemson to the Department of Chemistry at the University of Georgia. One thing led to another, and from there we soon found ourselves discussing the possibility of my joining the faculty at UGA. I accepted the job shortly thereafter and it has been the best professional move I have ever made. “From President Knapp, through President Adams and now President Morehead, The University of Georgia has been fortunate to have leaders with the vision and courage to create an academic environment that allows so many of us involved in research to succeed. “My research took off once I got to Athens and it is difficult to see how it could have prospered at any other university in the way it has here,” Robinson continued. “I am incredibly fortunate to have great, collaborative relationships in the chemistry
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University of Georgia Foundation – Annual Report
department, headed by Dr. Fritz Schaefer and Dr. Paul Schleyer. We have a very accomplished group of scientists here and I derive great benefit from having them as colleagues.” He is quick to credit members of his own team and Dr. Yuzhong Wang (pictured with Robinson at right), senior research scientist in his group, for their role in synthesizing certain molecules that fundamentally changed the way modern science looks at certain aspects of chemical bonding. Their discoveries, while incredibly complex to the outside world, have been a revelation for chemistry in general. “One could envision that these discoveries provide the building blocks for a large number of possible applications in the future,” he said. “What we synthesized in labs at the University of Georgia could one day improve pharmaceuticals or make computer chips run more efficiently, to name a couple of possibilities … but really the list of opportunities is almost endless. “I like to use the analogy of lasers. When lasers were first discovered, there were no applications for them,” he stated. “Fast forward to today and lasers are ubiquitous, from the grocery store checkout to the hospital operating room. “In this case, just as with early-day lasers, our team provided the building blocks for other scientists to apply that knowledge to the next levels of research and discovery.” In his words, Robinson reveals a gift of being able to converse in the highest level scientific discussions, but also an ability to make the wonder of chemistry easy to understand for the layman – and his zeal for the subject is contagious. It’s part of what makes him a great classroom and laboratory instructor. “In addition to teaching a graduate course in inorganic chemistry, I teach general chemistry to freshmen in the UGA Honor’s Program and it’s truly special,” he said. “I love to watch these very bright young people come into their first college chemistry classes, to field their questions and help them understand the answers.” He’s found a home at the University of Georgia and is settled in for the long haul in Athens. He may have earned his undergraduate and doctoral degrees in Alabama, but UGA is the place that won his heart. “I’m a Bulldog through and through,” he says with a big smile … and we’re glad he is! Robinson and his wife Mona live in the Athens area and are the proud parents of sons Alex and Andrew.
University of Georgia Foundation – Annual Report
23
F inancial
S tat e m e n t The University of Georgia Foundation Financial Statement – Fiscal 2013 The University of Georgia Foundation is committed to identifying and cultivating sources of support for the University of Georgia’s academic mission and equally dedicated to the fiduciary care of those funds so that the institution realizes the maximum, long-term benefit. With generations of gifts from donors and a strong record of fiscal discipline, the foundation’s ability to fulfill this objective has remained constant in good economic times and bad. The foundation is led by a group of knowledgeable and dedicated trustees with literally decades of professional experience in investing funds to enhance the value of capital holdings. As has become an annual custom, the foundation’s investment performance once again outperformed its benchmarks and bettered major market indices. The strong investment performance in fiscal year 2013 added more than $78 million to the portfolio and gift receipts added another $55.3 million. Funding to the university set a new high at more than $68.9 million to support the university’s mission. The fiscal year ended with assets totaling approximately $866 million. Donor generosity resulted in more than $70 million in new gifts, pledges and planned gifts being recorded this year to fund scholarships, chairs and professorships, travel-study programs, facilities enhancement and other essential needs. Located at 394 Milledge Avenue in the midst of fraternity and sorority row, Milledge Centre is home to the University of Georgia Foundation.
Non-endowed Funds $204 million
Deferred Funds $21.7 million
Unrestricted Funds $79.4 million Endowed Funds $561 million
Total Assets 24
University of Georgia Foundation – Annual Report
The University of Georgia Foundation Statement of Financial Position Unaudited and Unconsolidated As of June 30, 2013
The University of Georgia Foundation Statement of Activities Unaudited and Unconsolidated For the Year Ended June 30, 2013 2013
LT Investment Portfolio
$ 679,448,082
Other Investments
21,809,097
Cash & Equivalents
79,660,244
Real Property and Timber
29,587,773
Contributions Receivable
41,510,876
Beneficial Interest in Perpetual Trust
4,316,369
Construction in Progress
3,705,475
Other Receivables
1,479,276
Personal Property and Art
2,386,151
Other Assets
2,339,564
Total Assets
$ 866,242,907
Accounts Payable
$ 5,631,090
Deferred Affinity Contract Obligation
-
Funds Held for Others
35,109,979
Deferred Gift Obligations Notes Payable Total Liabilities
2013
Contributions
$ 61,686,342
Investment Return
79,312,992
Royalties
5,314,019
Other Income
9,798,753
Total Revenue
156,112,106
Scholarships & Fellowships
9,228,576
Donor Restricted Program Support: Professor/Chair
2,975,719
Facilities
34,458,348
Research
425,453
Center/Institute
386,275
Athletics
893,105
Other University Programs
14,136,025
10,630,136
1,603,595
5,697,543
Alumni Association Operations
1,449,419
University Operations
4,696,494
Distributions to Beneficiaries
1,139,944
Other Expenditures
752,297
Total Expenditures
72,145,250
Change in Net Assets
$ 83,966,856
57,068,748 809,174,159
Total Liabilities and Net Assets
Foundation Operations
Net Assets
$ 866,242,907
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, 2013. (The numbers in this report represent the audited draft as of the date of publication.)
University of Georgia Foundation – Annual Report
25
Use of
Funds 2013: The University of Georgia Foundation realized a budget surplus of $3.3 million at the conclusion of fiscal year 2013. At the request of President Jere Morehead the foundation allocated those funds for needbased and professional school scholarships, faculty support and for acquisition of a proposed facility to house the university’s Washington, DC program. 2013: The University of Georgia launched the Gateway to Georgia Scholarship Program in fiscal year 2013 to provide new support for general and merit-based scholarships, and to create a new source of funding to meet the increasing needs of students who are academically qualified but have financial circumstances that might otherwise prevent them from pursuing a UGA degree. 2013: The Legacy Endowment of the University of Georgia Foundation Trustees was conceived in 2006 as an endowment funded exclusively by trustees and emeritus trustees of the foundation and designed to meet immediate needs of the university. The Board of Trustees later designated the Legacy Endowment for the exclusive support of the university’s Washington, DC program. At the conclusion of fiscal year 2013 the endowment’s balance stood at approximately $700,000.
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University of Georgia Foundation – Annual Report
Donor Gifts For 76 years, the University of Georgia Foundation has been a primary entity through which donors offer gifts to the university. In fiscal 2013, donors committed more than $70 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 approximately 2,900 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, 2013
Property, Buildings & Equipment 20.1%
Other Restricted Purposes 0.7% Unrestricted 4.1% Academic Support 20.2%
Faculty and Staff Compensation 6.5%
Athletics** 23.3%
Student Financial Aid* 6.7%
Research 4.5% Public Service & Extension 2.8% Library 0.8%
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
$4,851,890 $23,683,519 $7,661,818 $5,243,114 $3,311,916 $957,306 $17,063,583 $30,078,408 $23,590,927 $838,084 $117,280,565
* includes Athletic Scholarships ** includes ticket priority in addition to general athletic support
Supporting the University’s Academic Mission In fiscal year 2013, the foundation provided funding for the university’s academic mission totaling more than $68.9 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 worthy programs is only possible because of the generosity of donors who understand the importance of enhancing the university’s academic mission and give accordingly. That ongoing support is helping the University of Georgia enhance its standing as one of the nation’s great institutions of higher education. UGA Foundation’s Support of UGA $68.9
70
60
Other Expenditures 0.6% UGA Programs/Operations 2.1% External Affairs 2.8%
Scholarships & Awards: 14.4% Professor/Chair Support: 4.2% Distributions to Beneficiaries: 1.6% General Operations - UGAF: 1.1%
Alumini Association 1.0%
General Support - UGA 21.1% Facilities Support: 48.7% Athletics Support: 1.3%
$50.6
Research Support: 0.6%
Center/Institute Support: 0.5%
50
Total Expenditures by Category
40
$40.0
$34.0
$33.0
$41.0
$34.5
$33.9
30
20
Total Expenditures by Category
As a Percentage of the Total for the Fiscal Year Ended June 30, 2013
$26.2
$24.8
$27.9 $19.13
10 $2.66
0 2004
$0.71 $0.68
2005
2006
$0.24
2007
$8.78
$2.34 $1.79
2008
2009
2010
2011
$6.06
2012 2013
Total support to the University of Georgia (in millions) Total facility support to the University of Georgia (in millions)
For the Fiscal Years Ended June 30, 2013 and 2012 Professor / Chair Support Facilities Support Research Support Center / Institute Support Athletics Support Scholarships & Awards General Support - UGA UGA Programs / Operations External Affairs Alumni Association Other Expenditures 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 the tremendous growth in support provided to the university in the last decade.
Distributions to Beneficiaries General Operations - UGAF Total Expenditures
FY2013 $ 2,975,719 34,458,348 425,453 386,275 893,105 10,220,193 14,972,579 1,487,276 1,974,126 739,168 398,536
FY2012 $ 3,045,604 5,868,472 989,475 657,045 424,820 10,366,055 15,515,179 1,252,884 1,271,040 1,154,952 450,834
68,930,778
40,996,360
1,139,944 753,219
1,156,901 818,424
$ 70,823,941
$ 42,971,685
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
W. Waldo Bradley Bradley Plywood Corporation Savannah, Georgia
Thomas G. Cousins Cousins Properties Inc. (Retired) Atlanta, Georgia
R. A. Griffin, Jr. Griffin Corporaton Valdosta, Georgia
Richard N. Lea Attorney Atlanta, Georgia
John G. Alston, Sr. JGA Capital Atlanta, Georgia
Maxine H. Burton Burton + Burton, Inc. Athens, Georgia
Carlton L. Curtis Coca-Cola North America Atlanta, Georgia
F. Sheffield Hale Atlanta History Center Atlanta, Georgia
Betsy T. Leebern Columbus, Georgia
Peter A. Amann Merrill Lynch Private Banking & Investment Group Atlanta, Georgia
James E. Butler, Jr. Butler, Wooten & Fryhofer, LLP Columbus, Georgia
Chester C. Davenport Georgetown Partners, LLC Bethesda, Maryland
Ben H. Hall, Jr. Dublin Construction Company, Inc. Dublin, Georgia
Charles E. Campbell McKenna, Long & Aldridge, LLP Atlanta, Georgia
Jay M. Davis National Distributing Company, Inc. Atlanta, Georgia
Joe Frank Harris Harris Georgia Corporation Cartersville, Georgia
Clifford S. Campbell, Jr. Bank Minders, Inc. Thomasville, Georgia
Beverly F. Dolan First Union National Bank (Retired) Charlotte, North Carolina
Pierre Howard The Georgia Conservancy Atlanta, Georgia
Wicke O. Chambers Speechworks Atlanta, Georgia
Vincent J. Dooley University of Georgia Athens, Georgia
Julie E. Hunt J H Services, Inc. Tifton, Georgia
J. David Chatham Chatham Holdings Corporation Alpharetta, Georgia
Thomas C. Dowden Dowden Communications, Inc. Cashiers, North Carolina
M. Douglas Ivester Deer Run Investments, LLC Atlanta, Georgia
Maxine Clark Build-A-Bear Workshop St. Louis, Missouri
Robert G. Edge Alston & Bird, LLP Atlanta, Georgia
Stiles A. Kellett, Jr. Kellett Investment Corporation Atlanta, Georgia
John L. Clendenin BellSouth Corporation (Retired) West Palm Beach, Florida
J. Don Edwards Terry College of Business Athens, Georgia
Martin E. Kilpatrick, Jr. Blackshaw Partners Atlanta, Georgia
Rachel Cosby Conway House Parts, Inc. Atlanta, Georgia
William W. Espy The Espy Company Atlanta, Georgia
George-Ann W. Knox Augusta, Georgia
Frederick E. Cooper Cooper Capital, LLC Atlanta, Georgia
Marcus Fechheimer University of Georgia Athens, Georgia
Alston D. Correll, Jr. Atlanta Equity Investors, LLC Atlanta, Georgia
Norman S. Fletcher Brinson, Askew, Berry, Seigler, Richardson & Davis, LLP Rome, 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 David E. Boyd Integro Insurance Brokers Atlanta, Georgia Jenny Lynn Bradley Savannah, Georgia
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Lynda B. Courts Metro Atlanta Chamber of Commerce Atlanta, Georgia Richard W. Courts II Atlantic Investment Company Atlanta, Georgia
University of Georgia Foundation – Annual Report
Edgar J. Forio, Jr. Bank Executive (Retired) Atlanta, Georgia S. Taylor Glover Turner Enterprises, Inc. Atlanta, 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 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
Shell H. Knox Augusta, Georgia
C. V. Nalley III Nalley Automotive Group Atlanta, Georgia
Wyckliffe A. Knox, Jr. Kilpatrick Townsend & Stockton, LLP Augusta, Georgia
William H. NeSmith, Jr. Community Newspapers, Inc. Athens, Georgia
James L. LaBoon, Jr. Athens First Bank & Trust Company Athens, Georgia
Sanford H. Orkin Sanford H. Orkin Investments Atlanta, Georgia
Jane Darden Lanier Atlanta, Georgia
Alexander W. Patterson Alston & Bird, LLP Athens, Georgia
Thomas W. Lawhorne, Jr. Columbus Cardiovascular Surgery PC Columbus, Georgia
William Porter Payne Gleacher & Company Atlanta, Georgia
Martha W. Pierce Alpharetta, Georgia Patrick S. Pittard Patrick Pittard Advisors Atlanta, Georgia John W. Ramsey Macon, Georgia 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 S. Stephen Selig III Selig Enterprises, Inc. Atlanta, Georgia Peter J. Shedd Terry College of Business Athens, Georgia Henrietta M. Singletary Albany, Georgia Steven W. Smith Atlanta Public Schools Atlanta, Georgia Taylor W. Smith Five Smiths, Inc. Atlanta, Georgia William A. Sterne SunTrust Bank (Retired) Hilton Head, South Carolina Carl E. Swearingen BellSouth Corporation (Retired) Atlanta, Georgia
Mary Virginia Terry The CHT Corporation Jacksonville, Florida 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 Soloman W. Walker II Soloman Walker & Associates Augusta, Georgia Harriet H. Warren Higgins Asset Management Atlanta, Georgia Don L. Waters Brasseler USA Savannah, Georgia Ramsey T. Way Way Brothers, Incorporated Hawkinsville, Georgia Claude Williams, Jr. Williams & Company Athens, Georgia Jane S. Willson Sunnyland Farms, Inc. Albany, Georgia Robert R. Woodson John H. Harland Company (Retired) Stone Mountain, Georgia Lois C. Wooten Savannah, Georgia
Bernard Ramsey is memorialized in a bronze sculpture on North Campus. Ramsey was one of the university’s most generous benefactors, providing the funding for creation of the Foundation Fellows Program.
C. Richard Yarbrough BellSouth Corporation (Retired) Atlanta, Georgia William D. Young, Sr. General Wholesale Company Atlanta, Georgia
University of Georgia Foundation – Annual Report
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University of Georgia Foundation Committees: July 1, 2013 – June 30, 2014 Executive John Spalding – Chair Dan Amos Bill Douglas Joe Frierson Jack Head Ken Jackson John McMullan Jere Morehead Read Morton Trey Paris Mary Lou Swift Charlie Williams Bill Young Investment Joe Frierson – Chair Garry Bridgeman John Crawford Darren DeVore Bill Douglas Bill Griffin John O. Knox John McMullan Stan Shelton Barry Storey Advisory: John Mangan Costa Rica Board Gail Hunnicutt – President Libby Morris – Supervisor Bill Griffin – Secretary Cindy Coyle – Treasurer Vic Corrigan – Director John Neel – Director Ryan Nesbit – Director Stephen Smith – Director Mary Lou Swift – Director
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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
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 Swann Seiler Robert Stolz Charlie Williams Bill Young
Development & Public Affairs Trey Paris – Chair Kathryn Ash Nelson Bowers John Crawford Greg Gregory Gail Hunnicutt Abby Irby Steve Jones Sissy Lawson Keith Mason Neal Quirk Wick Searcy Robert Stolz Mary Lou Swift Brenda Thompson Susan Waltman
Advisory: Ted McMullan
Ex-Officio, Voting: Tom Landrum
Real Estate Charlie Williams – Chair Nelson Bowers Mike Godwin Jack Head Sam Holmes Jeff Knox Rusty Lindner Cliff McCurry Swann Seiler Bill Young
Foundation Fellows Mary Lou Swift – Chair Kathryn Ash Vic Corrigan Joe Frierson Mike Godwin Abby Irby Stephen Joiner Neal Quirk Wick Searcy Stan Shelton Stephen Smith Brenda Thompson
Ex-Officio, Voting: Silvia Giraudo Tim Keadle Tom Landrum
Ex-Officio, Voting: Tim Keadle
Advisory: Richard Courts Ted McMullan
University of Georgia Foundation – Annual Report
Ex-Officio, Voting: Silvia Giraudo Jere Morehead Advisory: Susan Donziger Sherman
Austin Laufersweiler is the UGA student body president, a position that accords him status as an ex officio trustee of the foundation.
Past Chairs, Board of Trustees 1937 – Present
Advisory: Mark Chandler Richard Courts John Mangan Susan Donziger Sherman
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.
Audit John McMullan – Chair Garry Bridgeman Greg Gregory Stephen Joiner Jeff Knox John O. Knox Sissy Lawson Cliff McCurry Swann Seiler Susan Waltman
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
Advisory: Mark Chandler
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, 2013 Daniel P. Amos Aflac Incorporated Columbus, Georgia Kathryn L. Ash Kathryn Ash Interiors Charlotte, North Carolina Nelson E. Bowers II Bowers Transportation Group Lookout Mountain, Tennessee Garry W. Bridgeman Merrill Lynch Atlanta, Georgia Terry S. Brown EDENS Columbia, South Carolina Victor E. Corrigan II Piedmont Heart Institute Atlanta, Georgia John H. Crawford IV Crawford Investment Counsel, Inc. Atlanta, Georgia Darren W. DeVore Carroll Organization, Inc. Atlanta, Georgia William W. Douglas III Coca-Cola Enterprises Atlanta, Georgia Joseph C. Frierson, Jr. Merrill Lynch Athens, Georgia Michael H. Godwin Ambling Companies Valdosta, Georgia Henry D. Gregory, Jr. Atlanta, Georgia
C. William Griffin Lender Processing Services Coraopolis, Pennsylvania Andrew M. Head Head Management Group, Inc. Atlanta, Georgia Samuel D. Holmes CB Richard Ellis Atlanta, Georgia Gail J. Hunnicutt LaGrange, Georgia Sarah C. Irby Atlanta, Georgia Kenneth G. Jackson Shaw Industries Group, Inc. Dalton, Georgia Stephen M. Joiner Deloitte & Touche, LLP Atlanta, Georgia Steve C. Jones U.S. District Court Atlanta, Georgia Jefferson B. A. Knox The Knox Foundation Augusta, Georgia John O. Knox, Jr. Peregrine Investment Advisors, LLC Atlanta, Georgia Emily D. Lawson Mayor and City Council of Gainesville (Retired) Gainesville, Georgia Russell C. Lindner The Forge Company Washington, DC
Keith W. Mason McKenna, Long & Aldridge, LLP Atlanta, Georgia
John P. Spalding Cox Communications, Inc. Atlanta, Georgia
James C. McCurry Seacrest Partners Savannah, Georgia
Robert H. Stolz Wurth Group North America Charlotte, North Carolina
John F. McMullan Camden Real Estate Company Atlanta, Georgia C. Read Morton, Jr. Centennial Holding Company, LLC Atlanta, Georgia John S. Neel, Jr. The Stanford Company Macon, Georgia Thomas H. Paris III General Electric Atlanta, Georgia Neal J. Quirk Quirk & Quirk, LLC Atlanta, Georgia William N. Searcy Brannen, Searcy & Smith, LLP Savannah, Georgia Swann Seiler Georgia Power Company Savannah, Georgia Stanley W. Shelton Windham Capital Management, LLC Boston, Massachusetts Stephen W. Smith, M.D. Peachtree Orthopedic Clinic Atlanta, Georgia
Barry L. Storey Hull Storey Gibson Companies, LLC Augusta, Georgia Mary Lou C. Swift Licensed Professional Counselor Columbus, Georgia Brenda A. Thompson School and Clinical Psychologist (Retired) Greenwich, Connecticut Susan C. Waltman Greater New York Hospital Association New York, New York Charles S. Williams, Jr. Charles Williams Real Estate Investment Corporation Rome, Georgia William D. Young, Jr. General Wholesale Company Atlanta, Georgia Ex-Officio, Voting: Silvia Q. Giraudo University of Georgia Athens, Georgia Timothy A. Keadle Porter Keadle Moore, LLC Statham, Georgia
Thomas S. Landrum University of Georgia Athens, Georgia Jere W. Morehead University of Georgia Athens, Georgia Ex-Officio, NonVoting: Edward J. Daniel, Jr. University of Georgia Athens, Georgia Austin Laufersweiler University of Georgia Athens, Georgia Libby V. Morris University of Georgia Athens, Georgia Ryan A. Nesbit University of Georgia Athens, Georgia Advisory: Mark B. Chandler Habersham Properties Atlanta, Georgia Richard W. Courts IV Atlantic Realty Company Atlanta, Georgia John F. Mangan, Jr. JFM Capital LLC Charlotte, North Carolina Ted McMullan Covington Investments LLC Atlanta, Georgia Susan Donziger Sherman Susan Sherman, Inc. St. Louis, Missouri
The UGA Foundation is managed by a skilled Board of Trustees who are dedicated to the University of Georgia and who give generously of their time, professional expertise and resources in supporting the university’s academic mission.
“By supporting my UGArden internship experience, the Ash Scholarship has given me the opportunity to engage with the Athens community and gain experience with sustainable agriculture. This has been a valuable supplement to my classroom education.” (The Ash Scholarship is funded through an endowment established by UGA Foundation Trustee Kathryn Ash and her husband Darren.) – Jessica Wolf UGA Honors Program, Class of 2015 Spanish, Geography and Local Food Systems
About the Back Cover: Named for the late U.S. Senator, the Paul D. Coverdell Center for Biomedical and Health Sciences is a nationally recognized center for research across a broad range of scientific disciplines from disease and immunology to mathematics and engineering. One of the most beautiful buildings on South Campus, the Coverdell Center is also one of the university’s most environmentally responsible facilities. 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! 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