University of Georgia
FOUNDATION Annual Report
University of Georgia’s Veterinary Teaching Hospital
2015 University of Georgia Foundation – Annual Report
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CURO student Anquilla Deleveaux works on culturing plates with strains of salmonella in a microbiology lab in the biological sciences building. UGA undergraduates can earn research credit through the Center for Undergraduate Research Opportunities in 90 different courses. Last year students completed nearly 600 CURO courses with nearly 400 faculty mentors from 66 different departments.
About the Front Cover: (L-R) Veterinary Medicine student Will Basinger and visiting Japanese veterinary student Hiroki Kanazawa chat with Vet Med students Jennifer Zamora, Andrea Osborne, Alex Sigmund, Kelly Garner and Brigitte Gravitt outside of the small animal clinic entrance at the University of Georgia’s new Veterinary Teaching Hospital which opened in 2015.
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University of Georgia Foundation – Annual Report
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 Committee, Nominating & Governance Committee Amanda Bridges, Finance & Compensation Committee Ryan Hitchins, Investment Committee Chrissy Moffett, Investment Committee Chris Setzer, Costa Rica Corporation, Audit Committee, Foundation Fellows Committee Brandon Scott, Development & Public Affairs Committee, Real Estate Committee
T a bl e of
Contents Letter from the Chairman - John P. Spalding................................. 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 Dono r Funded Chairs and Professorships.. .................................. 16 Dono r Profile: Taylor and Shearon Glover . ................................. 18 Dono r Profile: John and Kay Parker........................................... 20 Faculty Profile: Dr. James C. Cobb............................................ 22 Financial Statement................................................................ 24 Dono r Gifts........................................................................... 26
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.
Emeritus Trustees................................................................... 28 Committee Listings and Past Chairs........................................... 30 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: I have been honored to chair the University of Georgia Foundation for the last two years. As a final duty I am providing you with the foundation’s 2015 Annual Report. It is always a pleasure to share positive news, and my good fortune has allowed me to do that in each of the years of my term. Last year we were ecstatic when a new all-time University of Georgia fundraising record of $126.4 million was established. Here we are one year later with a new standard that, frankly, surpassed our most optimistic expectations. Your generosity, and that of your fellow donors, resulted in $144.2 million in new gifts and commitments in 2015, a 14 percent increase over the previous high water mark. Your gifts enhance the foundation’s ability to fulfill its core objective of supporting the University of Georgia’s academic mission. You should take great pride in the fact that, because of your generosity, more deserving students have access to scholarships, funding is available for more faculty awards, and critical campus infrastructure projects continue to move forward. With more than $1 billion in total assets, the University of Georgia Foundation is financially sound and growing. Your ongoing support and the work of a highly skilled investment team portend a bright future.
UGA Foundation Chairman Ken Jackson accepted the ceremonial gavel of leadership from then Outgoing Chairman John Spalding at the Board of Trustees annual meeting in June 2015.
As stewards of your gifts, our highest priority is to assure your support provides the greatest benefit to the University of Georgia. Further, it is our goal to manage the funds you have given so that the university realizes the benefit in perpetuity. The track record shows this objective has been met since the University of Georgia Foundation’s establishment more than three quarters of a century ago. As a donor, you should expect and deserve nothing less. It is an honor to be part of this organization and I wish the very best to Ken Jackson as he leads the foundation through the next two years. Having worked very closely with Ken as he served as vice-chair the last two years, I am confident the foundation is in good hands and that he will take us to new and greater successes. Sincerely,
John P. Spalding Chairman
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University of Georgia Foundation – Annual Report
Let t e r fr om the
President Dear Friends: I would like to express my deepest thanks for a second consecutive record-setting year in fundraising. At the University of Georgia, we have asked for your support to maintain the upward trajectory of this institution, and you have responded in an unprecedented way. Nearly 60,000 contributors donated approximately $144.2 million in gifts and pledges. Although we still have much to do in the quiet phase of the university’s comprehensive campaign, we are well on our way to reaching our goal of raising not less than $1 billion to enhance this great institution. This past year was especially rewarding as we advanced a number of key capital projects made possible by private support. Delta Hall, Foley Field, the Veterinary Medical Center, Correll Hall and Amos Hall, and Phase II of the Business Learning Community will have a significant impact on the university’s teaching, research, and service missions. State-of-the art facilities like these are essential for supporting the important academic work of our faculty, staff and students. Supporting capital projects is one example of how the UGA Foundation fulfilled its mission over the past year. As you will read in the pages that follow, your gifts to the foundation also were instrumental in helping us to attract and retain world-class faculty and to enroll the best and brightest students from Georgia and across the nation. It is a very exciting time to be leading the University of Georgia as we secure our position as one of America’s greatest public research institutions. Our future is bright because of generous donors like you, who recognize the critical need for private support. Thank you once again for your steadfast commitment to this institution. Together, we are reaching new heights of excellence at the University of Georgia.
At the annual meeting, John Spalding had the honor of presenting a print of Delta Hall to President Morehead. The Giclée, a fine-art, digital print, represents an original painting, which now hangs in Delta Hall, by renowned artist Steve Penley.
Sincerely,
Jere W. Morehead President, University of Georgia
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Com m it te e A ctivit y
Overview Development and Public Affairs Committee Update The Development and Public Affairs Committee supports the university’s development team in fundraising, donor and prospect cultivation efforts, and on internal and external communications. We were thrilled to see fundraising efforts achieve record-setting results for the second year in a row, with a total of $144.2 million raised in 2015. As part of the overall effort, the Annual Fund set another record by taking in more than $18.4 million, and unrestricted support increased as well. These figures show solid progress being made in the comprehensive campaign, a subject of great importance to the committee. The Development and Public Affairs Committee includes three subcommittees that lead specific areas of responsibility. The Fundraising Subcommittee engages trustees in fundraising and “friend-raising” activities. In 2015, trustees participated in more than 15 university events throughout Georgia and across the nation, introducing the foundation to prospective donors and to motivate giving. In 2015, one of the subcommittee’s highest fundraising priorities was securing support for UGA’s new facility in Washington, D.C. Seeing the facility completed and occupied by the first class of students was truly an important milestone. Private Support 2010 – 2015
“Attending the University of Georgia as a Foundation Fellow has provided me the resources and opportunities to grow both personally and professionally; but, most importantly, I have been able to do this among peers who continually challenge and inspire me to be my best self.” – Trang Nguyen Madison, WI Foundation Fellow, Class of 2017 Communication Studies, Health Policy and Management
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University of Georgia Foundation – Annual Report
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 oversees a program for influential Georgians that provides 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 strong UGA affinities. Trey Paris – Chair
Each December in Stegeman Coliseum, the University of Georgia confers degrees on students who have completed their studies in the fall semester. Shown are graduates from the December 2014 class celebrating their success at UGA.
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Com m it te e A ctivit y
Overview Foundation Fellows Committee Update The Foundation Fellowship and Ramsey Honors Scholarship are the university’s premier undergraduate awards. The Foundation Fellows Committee works with the UGA Honors Program to identify and recruit the nation’s very best high school scholars. In 2015, an outstanding group of brilliant young students accepted Foundation Fellowships or Ramsey Honors Scholarships, choosing UGA over the nation’s most revered institutions of higher education including the likes of Harvard, Yale, Northwestern, Stanford and others.
Ambili Prasad, a magna cum laude graduate of the UGA College of Pharmacy, enjoyed the sunshine on Myers Quad during spring semester.
“The magic of the Foundation Fellowship lies in its holistic nature: it is a bright group of peers and professors that challenges you in the classroom, engages you in research, and explores the world with you, just to name a few opportunities. No other university out there has such a culture of academic camaraderie.“ – Caroline Coleman Orlando, FL Foundation Fellow, Class of 2016 Economics, Biology
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University of Georgia Foundation – Annual Report
More than 800 applications were submitted by top students from around the world and from that group, 21 Foundation Fellows and seven Ramsey Honors Scholars were accepted into the program. In sum total, the University of Georgia is now home to 97 Foundation Fellows and 27 Ramsey Honors Scholars, supported by an endowment of more than $60 million. Mary Lou Swift – Chair
• The 2015-2016 freshman class of Foundation Fellows achieved an average GPA of 4.11 and an average SAT score of 1,546 (Critical Reading and Math only). • The 2015-2016 freshman class of Ramsey Scholars compiled an average GPA of 4.15 and an average SAT score of 1,535 (Critical Reading and Math only).
Among the 2015 graduates, students have moved on to prestigious destinations where they will pursue advanced degrees including the University of Georgia Center for Computational Quantum Chemistry, University of Pennsylvania Medical School, Vanderbilt School of Medicine, Cornell University, Chicago Law School, and the Portfolio Center. Other graduates of the Foundation Fellows program have chosen to begin career pursuits and will be working for employers such as the Federal Reserve Bank of New York, Teach for America, OneGoalChicago, the Center for American Progress, and McKinsey & Company.
Foundation Fellows and Ramsey Scholars have garnered scholarships/fellowships and travel-study opportunities that include the Goldwater, Truman, Udall, Boren, and Fulbright Scholarships. Others have accepted travel study awards that will have them studying in Asia, Europe, and South America with Foreign Language and Area Studies Fellowships. Still other Foundation Fellows have earned National Science Foundation Graduate Fellowships and Madison Graduate Fellowships, which provide new opportunities unique to those prestigious awards.
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 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 Jacob Randall Kennedy, Albany, GA Shaun Henry Kleber, Atlanta, GA Torre Elisabeth Lavelle, Macon, GA Christopher Thomas Lewitzke, Third Lake, IL Katherine Ann Lovejoy, Charlotte, NC Kelsey Jane Lowrey, Dunwoody, GA Sandip Kaur Minhas, Toronto, Ontario 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 Heidi 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 Moira Elizabeth Fennell, Palm Beach Gardens, FL Carver Lowell Harris Goodhue, Athens, GA Shuchi Goyal, Johns Creek, GA Erin Elizabeth Hollander, Athens, 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 Joy Phyllis Gabrielle Peltier, 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 Class of 2019 Swapnil Agrawal, Dunwoody, GA Ashley Uchenna Amukamara, Cumming, GA Trisha Dalapati, Roswell, GA Tarun Daniel, Johns Creek, GA Guy Darrell Eroh, Portland, OR Steven W. Feng, Albany, GA Laurel Hiatt, Suwanee, GA Nirav Ilango, Johns Creek, GA Christina Corrine Lee, Marietta, GA Zoe Yan Li, Statesboro, GA Divine Chukwumelie Ogbuefi, Powder Springs, GA Kavi Pandian, Chamblee, GA Jessica Kate Pasquarello, Philadelphia, PA John Michael Rawlings, Cumming, GA Ashley Elizabeth Reed, Hudson, OH Ruth Anne Schade, Marlborough, MA Caroline Laura Shearer, Fallbrook, CA Aditya Sood, Alpharetta, GA Stephanie Alexandra Stewart, Norcross, GA Abigail Elizabeth West, Arcadia, OK Ashley Henehan Willard, Derwood, MD
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 2016 Melissa Carlene Cousins, Midland, GA Berta Maria Franzluebbers, Watkinsville, GA Samuel Thomas Johnston, Birmingham, AL Rachel Hana Paleg, Silver Spring, MD Mihir B. Patel, Martinez, GA Juliana Jianquan Saxton, Marietta, GA
Class of 2017 Prentiss Rachel Autry, Hinsonton, GA Jacob Aaron Eden, Americus, GA Katie Michele Googe, 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 Timothy Allen Ruiter, Centreville, VA Zoe Irene Schneider, Atlanta, GA
Class of 2019 Jessica Ziling Ho, Martinez, GA Manasa Lakshmi Kadiyala, Alpharetta, GA Jacqueline Grace Kessler, Gainesville, FL Prabhjot Kaur Minhas, Richmond Hill, GA Vineet Sundar Raman, Marietta, GA Hayley Marie Rutchow, Thompsons Station, TN William Jessie Walker, Bainbridge, GA
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Com m it te e A ctivit y
Overview Real Estate Committee Update Fiscal year 2015 was highlighted by the February dedication ceremony of the foundation’s student housing facility in Washington D.C., marking the completion of all renovations and occupancy by the first group of UGA Washington Semester Program students. The dedication was well attended by foundation trustees and UGA senior administration, including President Jere W. Morehead. Georgia’s senior U.S. Senator Johnny Isakson also participated in the ceremonies, addressing attendees inside one of the facility’s new classrooms. The Real Estate Committee also oversees approximately $40 million in total real property gifts, including a large amount of timberland in the state of Georgia. The timberland assets are managed by UGA’s Warnell School of Forestry through an agreement with the foundation. The Warnell School provides quarterly reports to the committee, including annual budgets for each property. In addition to the Washington D.C. facility, the committee oversees management of the student housing property in Oxford, England and the foundation’s campus facilities in Costa Rica.
(Washington, D.C. - February 26, 2015) - University of Georgia administrators, UGA Foundation leaders, U.S. Sen. Johnny Isakson and honored guests cut the ribbon during dedication ceremonies for Delta Hall, UGA’s new permanent residential facility in our nation’s capital.
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University of Georgia Foundation – Annual Report
During fiscal year 2015, the foundation increased the dollar value of its real estate holdings, primarily due to renovation of the Washington D.C. property. The additions of the D.C. facility were somewhat offset by sales of both residential real estate and land. Real estate markets rebounded nicely following the financial crisis, and liquidity for sales has improved greatly from the illiquid period of 2008-2010. Several gifts that were received this year were sold immediately for their appraised value, with cash proceeds invested into the long-term endowment pool. Charlie Williams – Chair
Investment Committee Update For fiscal year 2015, the foundation’s investment portfolio increased one percent, ending the year with a market value of $823 million. Although there was little return relative to our investment policy and asset allocation targets, the portfolio outperformed its policy index for the fiscal year and remains ahead of its benchmark on a long-term basis, including the most recent three, five and 10 year periods. The asset allocation at the fiscal year’s close is illustrated in the pie chart on the bottom right, including 10-year investment returns for the portfolio, net of fees, and performance by asset class. The foundation continues to invest with a broad diversification pattern in an effort to balance the tradeoff between return and risk. Asset category diversification was not helpful to investment performance in fiscal year 2015. U.S. equities were the strongest component of the portfolio, while international and commodity-based investments didn’t fare well. This was due primarily to a strong U.S. dollar which, in fiscal year 2015, increased almost 20 percent against major foreign currencies. At the same time, commodity prices declined precipitously. Oil alone was down over 50 percent. The committee continues to manage the portfolio to the target asset allocation as outlined in the investment policy guidelines. This policy has served the foundation well over time and we expect it will continue to do so. In the meantime, the committee is working to enhance overall portfolio results in a low interest rate environment.
Long-Term Investment Return
Domestic Equity – 20.5%
Global Equity – 3.7%
John H. Crawford – Chair
Cash – 1.3% International Equity – 14.5%
Real Assets 14.4%
Emerging Markets Equity 7.1%
Hedge Funds 25.2% Private Equity 4.4% Fiscal Year Performance by Asset Class
Fixed Income 9.7%
Asset Allocation at June 30, 2015
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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 more than $1 billion in UGA Foundation assets and managing revenues from donor gifts and investment returns. The committee’s primary charge is managing the foundation’s unrestricted budget of nearly $14 million. The unrestricted budget is used to support the operations of running the foundation, including staff salaries and benefits. In addition, the unrestricted budget provides critical funding to enhance the university’s academic mission, particularly scholarships and faculty support. Funding provided to the university from the unrestricted budget in fiscal year 2015 was $5.9 million. Part of this year’s budget surplus was once again used to help build endowments for merit and need-based scholarship programs, and to support professional school scholarships. In addition, the committee approved an increase in the foundation’s fiscal year 2016 budget for the Charter Scholarship program, which supports top incoming freshmen each fall. (L-R) Clinical Associate Professor of Large Animal Medicine Dr. Randy Eggleston instructs fourth-year veterinary student Cynthia Kanis and large animal intern Dr. Nikhita Parandekar as they conduct a bovine physical exam in the Food Animal Treatment area of the new Veterinary Teaching Hospital while surgery technician Krista Warren observes.
2015 was a special year, as renovations were completed for the Washington, D.C. facility, the university’s “front door” to our nation’s capital. The facility opened in January and was dedicated during our February board meeting in Washington. It is now in operation as home to 32 students serving internships in Washington. A $12.5 million fundraising campaign continues in order to replace funds in the unrestricted endowment designated to support the retirement of the tax-exempt debt acquired to finance the project. Bill Douglas – Chair
“Studying abroad in Argentina was the once-in-a-lifetime experience that threw me out of my comfort zone, cut me open, and allowed the language to pour into me in a way it never had before. I will always be grateful to those who helped pave this path for me through their generous donations to the Honors Program.” – Kristen Lemaster Snellville, GA UGA Honors Scholar, Class of 2015 English, History, Spanish
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University of Georgia Foundation – Annual Report
* For details on the approximately $65.9 million in support funds 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. When selecting new candidates for nomination before the full board, prospective trustees are evaluated on a number of criteria including, but not limited to, 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 2015, the committee recommended four trustee candidates, all of whom were elected by unanimous vote of the full board. The new elected trustees for the term which commenced July 1, 2015 include: Eleanor F. Banister, Atlanta, GA, Mark B. Chandler, Atlanta, GA, Jennifer G. Flanagan, Atlanta, GA, and Ted McMullan, Atlanta, GA. Chandler and McMullan both served ably on the foundation’s board as advisory trustees prior to their current appointments. In recognition of outstanding service to the university and the foundation, the board unanimously conferred emeritus status on six trustees whose terms expired at midnight June 30; Michael H. Godwin, Valdosta, GA, Gail J. Hunnicutt, LaGrange, GA, Sarah C. “Abby” Irby, Atlanta, GA, Jefferson B.A. Knox, Augusta, GA, William N. “Wick” Searcy, Savannah, GA, and Charles S. Williams, Jr., Rome, GA. We are thrilled to have the new trustees onboard and so grateful to our newest emeritus trustees who have given so generously of their time and personal resources to advance the foundation’s objective of supporting the university’s academic mission. Dan Amos – Chair
The Food Service program at the University of Georgia is nationally recognized as one of the best in the nation. Pictured here are students queueing up to make dinner selections in one section of Bolton Dining Commons, UGA’s newest dining facility.
“The Foundation Fellowship connected me with students and alumni in the field I wanted to pursue, management consulting, which is traditionally very difficult to break into outside of the Ivy League. Thanks to the tremendous support provided by the program, I was able to secure an internship and a full-time job with McKinsey & Company.” – Alex Edquist Alpharetta, GA Foundation Fellow, Class of 2016 Economics
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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 and the quality of financial reporting of the University of Georgia Foundation. The board’s consistent adherence to principles of ethical management and accounting has helped assure donors 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, we met frequently with the foundation’s independent auditor, which is responsible for expressing an opinion on the financial statements of the foundation and also the completion of other tasks including preparation of the multiple tax returns required of the foundation, related to their timing, scope, risk assessment, internal control matters and overall findings. We are pleased that again the auditors issued an unqualified audit opinion, which is a result of hard work and conscientious attention to detail by a dedicated staff of professionals working in the foundation’s financial office. Based on our examination of the information, the committee reviewed and approved the foundation’s 990 tax return prior to submission.
“Being a part of the Foundation Fellowship and Ramsey Scholar community allows one to surround themselves with a diverse, passionate group of people, committed to changing the world. I have become my best self thanks to the love and support of my peers in this program, and look forward to seeing my UGA family make a difference in the global community through their various endeavors.” – Rachel Paleg Silver Spring, MD Foundation Fellow, Class of 2016 Geography
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University of Georgia Foundation – Annual Report
We look forward to advancing this committee’s important work in 2016 and to confirming the responsible financial practices that are vital to ensuring the University of Georgia Foundation prospers and fulfills its mission of supporting and enhancing academics at the university. Steve Joiner – Chair
The Wray Nicholson House, campus headquarters of the UGA Alumni Association, is an outstanding example of Greek Revival Architecture. A privately owned residence for much of its history, the building dates to 1825 when it served as a student dining hall.
Costa Rica Corporation Update What a great year it was for UGA Costa Rica in 2015! Approximately 1,500 students, faculty and teaching assistants from UGA and external academic programs traveled to, and participated in, a broad range of research, classroom and social activities at the Costa Rica campus in fiscal year 2015. That number is one of the best ever achieved at UGA Costa Rica. In addition to being one of the University of Georgia’s top study abroad destinations, we had the best year in our history with regard to campus tourism. We achieved new all-time highs for total occupancy, and also set a new standard for the total number of guests that stayed on campus in a single year, since UGA acquired the property in 2001. This included 830 tourists from around the world who participated in the nature-based, educational activities offered by UGA Costa Rica. Significant progress was made on a book to be titled Butterflies of San Luis de Monteverde. The effort has been spearheaded by UGA Ecology Professor Jim Porter who is working on campus with Jose Montero, the former assistant curator of the Lepidoptera Collection at Costa Rica’s National Biodiversity Institute. Montero is assisting in completion of the book, which is projected to be ready for UGA Ecology Professor Jim Porter publication in 2016. collects data in the field with UGA students during the Franklin Spring Continuing a tradition of innovation in plant and soil sciences, in 2015 UGA Costa Semester Program and below works on Rica became home to a new research program that seeks to help boost soil health. the butterfly collection in the lab on the College of Agricultural and Environmental Sciences faculty members Dory Franklin UGA Costa Rica campus. and Dennis Hancock are working with UGA graduate students in Costa Rica and in Georgia, studying the application of “effective micro-organisms” to determine if they can increase nutrient cycling capacity and soil productivity. To our donors, I wish to express my sincere thanks for the support you have offered to UGA Costa Rica. I encourage you to consider future gifts to help assure the university’s teaching, research and service continue to flourish in Central America. Gail Hunnicutt – President
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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 Green Family Curator Endowment 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 Georgia 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 and Genetics Athletic Association Professorship in Environmental Turfgrass Franklin College of Arts and Sciences Abraham Baldwin Professorship in Humanities William F. & Pamela P. Prokasy Professorship in the Arts Barbara Lester 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 Despy Karlas Professorship in Piano
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University of Georgia Foundation – Annual Report
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 Fund 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 Distinguished 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 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 Fund 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 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 Mercer W. Hull Professorship 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 Engineering U. H. Davenport Professor of Agricultural Engineering Georgia Athletic Association Professorship in Engineering Georgia Athletic Association Distinguished Professorship in Connected Critical 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 Rado Family Foundation/UGA Foundation Professorship in Geodesign 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 Chair for Excellence 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 in 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 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 Kroger Professorship in Community Pharmacy Georgia Athletic Association Professorship in Pharmacy College of Public Health Gordhan L. and Virginia B. “Jinx” Patel Distinguished Professorship in 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 Georgia 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 Han S. Park Professorship
School of Social Work Hollowell Distinguished Professorship of Social Justice & Civil Rights Studies Thomas M. (Jim) Parham Professorship 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 GRA Eminent Scholar in Infectious Diseases 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 Veterinary Medicine/UGA Foundation Distinguished Professorship in Infectious Diseases 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 Biomedical Sciences 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 Fain and Billy Slaughter Georgia Football Defensive Coordinator Endowment
University of Georgia Foundation – Annual Report
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Donor P r ofile
Taylor and Shearon Glover Taylor and Shearon Glover were both raised in Newnan, Georgia, and they believe the west Georgia community was a great place to grow up. Their childhoods were full of activities you might hear about in a song by Alan Jackson, another Newnan native. “We were just ordinary folks with wonderful parents and grandparents. My mom was a school teacher and my dad worked in HR at West Point Pepperell,” Taylor said. “Shearon’s dad owned a construction company. We both had great family lives, but nothing really remarkable.” “We dated in high school, and then after graduation I went to LaGrange College,” Shearon says. “After a year and a half at LaGrange, I transferred to UGA, and being near Taylor was certainly a big factor in that decision. “Once I got to Athens, we were together all the time ... We were a team.” “I worked for most of the time I was in school at Georgia, and it was all in sales in one form or fashion,” Taylor added. “That experience in Athens combined with my business studies were a springboard for my career.” Both graduated from the University of Georgia. Shearon earned a BSED (’72) in elementary education from the UGA College of Education, and Taylor earned a BBA (’73) in accounting from the Terry College of Business.
Taylor and Shearon Glover
Shearon taught elementary school for five years, first in Newnan and then in the Fulton County School System. Taylor went to work for Merrill Lynch in Atlanta immediately after graduation in June of 1973. That same year, Taylor and Shearon got married and bought their first house, which is only a couple of streets away from the Atlanta home where they now live. “We don’t move much,” Taylor quipped. However there was a brief stint where Merrill Lynch sent the Glovers to New York City so that Taylor could train in the company’s management program. It didn’t take the Glovers long to realize that Georgia was where their hearts were and that the company’s management track was not what Taylor desired. “We knew that Atlanta was where we wanted to be, and I knew that I preferred to be a private wealth management advisor, so we came back home and I started building my business,” Taylor said. “The timing was a stroke of good luck for me. I went to work for Merrill Lynch around the time of the Watergate scandal and the oil price shocks resulting from the embargo,” he continued. “Amid all of that, the stock market fell by about 50 percent, and everybody was panicking and looking for a new advisor. “Starting a new job at the bottom of the market worked out very well. I provided financial services to people in the media business and always tried to build a client roster with individuals that were interesting,” Taylor said. “I was fortunate to work with some great clients who had interesting hobbies, so I got to spend a lot of time with them working on their businesses and also on hunting and fishing trips. That is how Ted Turner and I became such a good friends.
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University of Georgia Foundation – Annual Report
“Ted had been trying to get me to work for him for years in some form or capacity,” Taylor said. “Once my kids were out of school and I had 30 years with Merrill Lynch, I was in a position to retire from there and go to work with Turner Enterprises, where I have been for nearly 15 years now.” Turner Enterprises is a privately held company that manages the business affairs of Ted Turner. As president and CEO, Taylor oversees the company’s vast land holdings, financial investments and business interests such as the popular Ted’s Montana Grill restaurant chain and Turner’s solar energy partnership with Southern Company. He works closely with Turner’s philanthropic and charitable organizations, serving as an advisor to the U.N. Foundation, the Nuclear Threat Initiative and the Turner Foundation. Taylor presently serves as board chairman for Cousins Properties and vice chairman of Cox Enterprises. He also serves on boards of the Metro Atlanta Chamber of Commerce, the Defense Business Board, and the Carter Center among others. Taylor and Shearon are presently co-chairing the Atlanta Botanical Garden capital campaign. Taylor has served as a member of the Deans Advisory Council for the Terry College of Business, and he was a trustee of the University of Georgia Foundation. “Shearon and I both feel it’s important to give back to an institution that has given so much to us by offering our financial support and serving when called upon,” Taylor said. “UGA played such an important role in our lives. We want to be able to help assure that students who attend the university today have the same or better opportunities than we had,” Shearon stated.
Taylor Glover and Ted Turner share a light moment during a fly fishing expedition on the Soque River in Habersham County, Georgia.
“Seeing what the institution is achieving now … there is so much positive momentum in academics at the University of Georgia that it is an institution worthy of our support … and I hope worthy of the support of others who have benefitted from it as well,” Taylor added. “If you provide a great academic environment such as that which exists at UGA, you get the best students to go there. After graduation, many of those same individuals choose to stay in the region, and we all benefit from having great young people like that living and working in our communities.” The Glovers have two sons. Frank earned an undergraduate degree from Davidson College and an MBA from Northwestern University. He now works as the Director of Retirement Benefits for Cox Enterprises. Chris is a 2007 graduate of UGA’s Franklin College and is now a private wealth relationship manager at Merrill Lynch in Atlanta. Taylor and Shearon have three beautiful grandchildren, which Shearon says has made babysitting “my most important and by far most enjoyable job.”
University of Georgia Foundation – Annual Report
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Donor P r ofile
J o h n a n d K a y Pa r k e r The story of John and Kay Parker is deeply rooted in Athens, where John and his three sisters, Ann, Ginny and Lee were raised by loving and devoted parents in a small wood frame home only a couple of blocks from campus. On that very site today sits a beautiful new home that the couple built, incorporating elements from the original structure, with the intent of making it the “Parker Family Home” for generations. John Reid Parker, Jr., whose dad was a World War II veteran and a professor in the University of Georgia’s Warnell Scholl of Forestry and Natural Resources for more than three decades, and whose mom worked at the Georgia Center for years, went to Barrow Elementary, Athens High School and then the University of Georgia. He graduated magna cum laude with a bachelor’s degree in history from UGA in 1973 and then earned a master’s from the University of Virginia. All three of his sisters also graduated from UGA. John’s next stop was metro Atlanta where he taught at Lakeshore High School and coached football and basketball for nine years. It was during his time teaching that he met and married a pretty young woman who happened to be a junior at Georgia Tech at the time. Even though she earned her undergraduate degree in industrial engineering from the institute, Kay was quickly converted. “I saw how John’s family loved UGA so much, and their complete devotion to education and athletics … really, anything that had to do with the university,” she said. “More importantly, they treated me like their own daughter from the very beginning, so how could I not fall in love with the Parkers and UGA?” Kay went to work for IBM out of Georgia Tech and it was during that time that John decided to pursue a juris doctorate, which he earned with high honors from the University of North Carolina in 1985. That put him on a career path that today has him at the world headquarters of Coca-Cola Enterprises in Atlanta, for which he has been the company’s senior vice president, general counsel and strategic initiatives since 2008. It was also in the 1980s that the Parkers started a family that would span 18 years and four children who today range in age from 32 to 14. Laura, the eldest, followed in her mom’s footsteps, graduating from Georgia Tech and today is a software developer in Atlanta. John Reid Parker III – who goes by Reid – is 29, his younger brother Davis is 20 and a junior at Northeastern University, and Katherine, 14, is a student at Prince Avenue Christian Academy. What at first glance appears to be an idyllic family situation took a tragic twist that today is a great story of inspiration and one that draws the Parkers into an even more closely knit, loving and deeply religious family.
John and Kay Parker on a recent trip to New England.
At the age of three, Reid began suffering severe seizures – as many as 600 per month – which resulted in many hospitalizations while doctors sought an answer to the baffling and insidious disorder. After years of anguish, the answer came in a new drug therapy developed at the University of Alabama-Birmingham Medical Center which finally brought the seizures under control, but not before the severity of Reid’s illness had taken an immense toll on his cognitive abilities. While it may have impaired his ability to learn, Reid’s spirit was never broken and today he is a happy young man who enjoys life to the fullest. He loves his family, and has parents and siblings that take great joy in being with him and are only too happy to help him in whatever he does … including his job.
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University of Georgia Foundation – Annual Report
“He wanted a job, and we gave him one,” said Kay. “He’s in charge of cheering for the Bulldogs for our family … and we should all love our jobs as much as Reid loves his. He wears his UGA jersey to football, baseball, volleyball and basketball games … you name it … and he feels as if he is part of the teams. “That’s just one reason Athens is such a wonderful place to live for us. It is a place that gives Reid a special zest for life,” Kay said. “It’s also a great place for our family because we need people that will stay with Reid, take him places and do things with him. “In Athens, we have a group we call ‘friend watchers’ – including some incredible UGA students – and they all know and love Reid, and he loves every one of them. Our friend watchers are a blessing from God, and I don’t know if we could ever have a network like this if we lived anywhere else.” “What we have given to the University of Georgia, we have gotten back tenfold, and friend watchers are just one example,” said John. In fact, the Parkers have made gifts to the university across the academic spectrum from business to law, history, humanities, and of course, forestry. “When you see the difference that money for scholarships can make, and you meet the recipients – namely the students that are awarded the scholarships that my sisters Ann, Ginny and Lee, and I endowed in the forestry school – you know you’re putting it in a great place,” John stated. “Education changed my father’s life, and ultimately the whole family,” he continued. “My dad grew up dirt poor in Franklin County, served in the Army during World War II and when he came home, the GI Bill made it possible for him to be the first generation in his family to attend and graduate from college. “He eventually became a professor in the forestry school, served for eight years as faculty chair on the UGA athletic board and was named a Warnell Distinguished Alumnus in 2001. And my mom was a teacher for years and the one who made sure we all did our homework and committed to our education. The two of them believed passionately in education and in UGA.” The senior Mr. Parker passed away in 2011, one year after the death of Cynthia, his wife of 60 years. To honor his father’s memory the family funded the John Reid Parker Director of Athletics Endowment for the post currently held by Greg McGarity. Giving is clearly in the Parker’s nature. One only need visit their home to see materials destined for what Kay hopes will be at least 1,000 shoeboxes filled with school supplies, personal items, toys and other small gifts for children in impoverished regions of the world. She is an area coordinator for Operation Christmas Child, a ministry in which thousands of churches, groups and individuals prepare shoeboxes for distribution around the globe. Kay was part of a group that took the gift-filled shoeboxes to Tanzania.
John and Reid Parker
“It was one of the most moving and rewarding things I have ever done in my life and served to strengthen my commitment to the Operation Christmas Child ministry,” she said. A centuries old Chinese proverb holds that the family which perseveres in good works will surely have an abundance of blessings. John and Kay Parker are shining examples of those words, giving generously of their personal resources and time to help make the university and the world a better place.
University of Georgia Foundation – Annual Report
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F acu lt y P r of il e
Dr . J a m e s C . C obb If ever an individual could be accurately described as a Son of Georgia and a Son of the South, Dr. James C. “Jim” Cobb would be the one. Born and raised in Hart County, Georgia, and sharing an ancestry with baseball legend Ty Cobb, Jim Cobb is a “Triple Dawg” holding his undergraduate, master’s and doctoral degrees from the University of Georgia. As a past president and still active member of the Southern Historical Association, Cobb has written a collection of books and articles on the interaction between economy, society and culture in the American South. In addition to the University of Maryland and the University of Northern Iowa, he has held teaching positions at Ole Miss, Alabama and Tennessee and, of course, at UGA. “When you look at the schools where I have taught and combine that with the fact that I picked cotton on my family’s farm as a young boy and lived in mobile homes for four different stretches, I think I’ve got my southern credentials down pat,” he says with a laugh. Cobb entered the University of Georgia for the first time as an undergraduate in the fall of 1965. “Just in time for the historic upset of Alabama in Sanford Stadium,” he recalled. “It was an exciting time to be in Athens. Vince Dooley had only been here a year and the football program was clearly on the rise.” He’s quick to point out that the Honors Program was also on the rise at that time and that he derived great benefit. “I took 13 honors courses as an undergraduate which prepared me for the transition into graduate school,” Cobb said. “Under Governor Carl Sanders, the state was suddenly funneling large amounts of money into the university which meant an influx of new and talented faculty. The whole experience was tremendously exciting for a country boy like me.”
At the 2014 Graduate Commencement, James Cobb is embraced by a grateful Keri Leigh Merritt, who is one of the 23 students to earn Ph.Ds under his supervision.
In 1969, Cobb earned a bachelor’s degree in history, and as with much of his life’s story, there is an interesting twist. It was graduation weekend in the state: on Friday night, his fiancée, Lyra McMichael, graduated from Georgia College in Milledgeville; on Saturday Cobb walked in the University of Georgia’s commencement ceremonies; on Sunday the couple exchanged wedding vows; and then Jim started graduate school the following Wednesday. “We lived down in the University Village, which was then the official married student housing for UGA. We used to walk up University Drive to Hodgson’s Pharmacy every evening to get a five-cent ice cream cone and dream of living in a neighborhood like that,” Cobb said. “I did my doctoral dissertation on post-World War II Augusta, and a recurrent theme was the origins and consequences of the city leaders’ ardent pursuit of new business and industry. I found this zeal for economic development so pronounced in Augusta that I started pursuing the topic on a broader scale in the South,” he said. And thus an interest in what makes the American South what it is grew even keener. His first job was at the University of Maryland which gave him easy access to the Library of Congress, a place he spent countless
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University of Georgia Foundation – Annual Report
hours researching and developing his first book, The Selling of the South, which examined the impact of industrial recruitment in the South. More than a dozen books, countless published articles and many lectures around the world later, Jim Cobb is widely regarded as one of the world’s most respected experts on southern history and culture. After all the stops along his career path, and with a nod to Ray Charles, the road did indeed lead Jim and Lyra Cobb back to Georgia. “Lo and behold we eventually got a house within sight of where we first lived in Athens and precisely in that neighborhood,” he said. “That’s a case of a dream actually coming true. It makes the place where we still live today extra special to us and we don’t take our good fortune for granted by any means.” Since returning to Athens in 1997, Cobb has held the B. Phinizy Spalding Distinguished Research Professorship in the History of the American South. He has built a legacy of teaching that has made him one of the university’s most beloved faculty members. The professorship honors a man under whom Cobb studied and who was a nationally recognized scholar during almost 30 years on the University of Georgia history faculty. “I credit much of my interest in becoming a history professor to Phinizy Spalding,” said Cobb. “I used to sit in his class and was fascinated by the fact that it would be as hot as Hades and here was this man, with long flowing hair who didn’t seem phased by it, despite wearing a coat and tie … he looked so cool and was a truly great instructor. “To hold a professorship that bears his name is humbling. It is enormously helpful in supporting my research and it reaffirms a commitment to improving the University of Georgia and our understanding of the South,” he continued. “The Spaldings are like family to me.” John Spalding, immediate past chair of the University of Georgia Foundation couldn’t agree more. “Jim Cobb is indeed part of our family, and he represents the finest traditions of a great ambassador for the university and the South,” Spalding stated. “I can’t think of any individual on Earth that would be a better fit for the Phinizy Spalding history professorship and, speaking for the Spalding family, we’re elated to help further his important work.”
James Cobb with a can of “Bubba Cola” and a velvet Elvis, which he says, “reflects my fascination with southern kitsch and iconic southern stereotypes or figures.”
In the spring of this calendar year, Cobb was recipient of the prestigious 2015 Woodward Franklin Award for Historical Writing from the Fellowship of Southern Writers. A crowning achievement? Yes … but there is more to come. Cobb is working on a new book. “I’ve been working on it so long now, I can’t really call it a new project. It feels like something I started in the third grade,” he says with a grin. “It’s a book about C. Vann Woodward, who, in my opinion, was the most influential southern historian who ever lived.” No doubt, when published, the book will further enhance the legacy of both the subject and the author.
University of Georgia Foundation – Annual Report
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F inancial
S tat e m e n t Deferred Funds $16.4 million
Non-endowed Funds $226.6 million
The University of Georgia Foundation Financial Statement – Fiscal 2015 The University of Georgia Foundation continually seeks to support institutional efforts to identify and foster giving for the purpose of enhancing the university’s academic mission. Central to achieving that objective is the foundation’s fiduciary care of donor funds. Over its 78-year history, the UGA Foundation has provided funding for critical university needs while consistently preserving the principal of donor gifts, thus extending their benefits in perpetuity.
Unrestricted Funds $131 million
With generations of donor gifts and a good record of fiscal discipline, the foundation has increased the funding it provides in support to the university from year to year while continually growing the endowment. The fiscal year ended with assets totaling approximately $1.04 billion, a fiscal year-end record. Donor generosity provided funding for scholarships, chairs and professorships, travel-study programs, facilities enhancement and other essential needs. Endowed Funds $673.3 million
Total Assets
In fiscal year 2015, performance of the investment portfolio added more than $9.3 million to the portfolio while gift receipts added another $34.3 million.
Asset Growth 2006 – 2015 24
University of Georgia Foundation – Annual Report
Scholarship Funding Growth 2006 – 2015
The University of Georgia Foundation Statement of Financial Position Unaudited As of June 30, 2015
The University of Georgia Foundation Statement of Activities Unaudited For the Year Ended June 30, 2015
Cash and Cash Equivalents
2015 $
12,333,065
Contributions
$ 73,213,395
Investment Return
7,886,936
Royalties
3,174,701
Other Income
4,011,877
2,317,808
Total Revenue
88,286,909 14,775,737
Temporary Investments
84,390,074
Accounts Receivable
2,203,334
Contributions Receivable, Net
53,324,694
Beneficial Interest in Perpetual Trust
4,482,512
Investments
842,578,340
Works of Art Land, Buildings and Equipment, Net
42,959,360
Scholarships & Fellowships
Other Assets
2,705,067
Donor Restricted Program Support:
Total Assets
$ 1,047,294,254
Accounts Payable and Accrued Expenses
$
2015
8,307,693
Derivative Financial Instruments
2,476,363
Funds Held for Others
47,271,921
Deferred Affinity Contract Obligation
454,777
Obligations Related to Deferred Gifts
10,307,646
Notes Payable
17,730,814
Total Liabilities
86,549,214
Net Assets
960,745,040
Total Liabilities and Net Assets
$ 1,047,294,254
Professor/Chair
3,221,428
Facilities
21,098,070
Research
281,202
Center/Institute
262,083
Athletics
2,461,155
Other University Programs
18,129,640
Foundation Operations
2,908,129
Alumni Association Operations
1,290,595
University Operations
2,763,808
Distributions to Beneficiaries
470,354
Other Expenditures
3,111,247
Total Expenditures
70,773,448
Change in Net Assets
$ 17,513,461
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, 2015. (The numbers in this report represent the audited draft as of the date of publication.)
University of Georgia Foundation – Annual Report
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Donor
Gifts 2015: The University of Georgia Athletic Association provided approximately $5 million in support of significant institutional priorities such as chairs and professorships, need-based scholarships and student research opportunities among others and has contributed about $28 million to such university initiatives since 2007.
2015: President Jere W. Morehead and Provost Pamela Whitten launched an extraordinary research faculty hiring initiative to recruit internationally recognized scholars to UGA. Approximately 65 of the world’s leading scholars will join the faculty at UGA in newly created positions as part of this program.
2015: The University of Georgia was ranked eighteenth among all public institutions studied for the Forbes annual list of best colleges and universities. Forbes studied 650 public and private institutions and based their rankings on the return on investment realized by graduates.
For 78 years, the University of Georgia Foundation has been a primary entity through which donors offer gifts to the university. In fiscal 2015, donors offered more than $71 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 3,200 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, 2015 Other Restricted Purposes 11.3% Unrestricted 5.3% Property, Buildings & Equipment 9.8%
Academic Support 24.1%
Faculty/Staff Compensation 4.3%
Athletics** 22.5%
Research 7.2% Student Financial Aid* 9.2%
Library 0.5%
Public Service & Extension 5.8%
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
$7,638,823 $34,770,999 $6,213,884 $10,338,784 $8,319,561 $675,813 $13,311,263 $32,492,545 $14,136,869 $16,260,048 $144,158,590
* includes Athletic Scholarships ** includes ticket priority in addition to general athletic support
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University of Georgia Foundation – Annual Report
Supporting the University’s Academic Mission In fiscal year 2015, the foundation provided funding for the university’s academic mission totaling approximately $65.9 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 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, 2015 Other Expenditures 2.3% UGA Programs/ Operations: 2.3% Development and Alumni Relations 1.6% Alumini Association 1.8%
Scholarships & Awards: 20.9%
Costa Rica Operations: 2.0% Professor/Chair Support: 4.6% Distributions to Beneficiaries: 0.7% General Operations UGAF: 4.1%
UGA Foundation’s Support of UGA General Support - UGA 25.6%
Facilities Support: 29.8%
Athletics Support: 3.5%
Research Support: 0.4% Center/Institute Support: 0.4%
Total Expenditures by Category
For the Fiscal Years Ended June 30, 2015 and 2014
Total support to the University of Georgia (in millions) Total facility support to the University of Georgia (in millions)
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.
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 Corporation Total Program Support Distributions to Beneficiaries General Operations - UGAF Total Expenditures
$
FY2015 3,221,428 21,098,070 281,202 262,083 2,461,155 14,775,737 18,129,640 1,617,779 1,146,029 1,290,595 1,655,071 1,456,176
$
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
67,394,965
50,549,047
470,354 2,908,129
455,791 1,713,762
$ 70,773,448
$ 52,718,600
University of Georgia Foundation – Annual Report
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Emeritus Trustees, University of Georgia Foundation as of July 1, 2014 B. Heyward Allen, Jr. B. Allen & Co., Inc. Athens, Georgia John G. Alston, Sr. JGA Capital Atlanta, 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, Tennessee
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David E. Boyd Atlanta, Georgia Jenny Lynn Bradley Savannah, Georgia W. Waldo Bradley Bradley Plywood Corporation Savannah, Georgia Maxine H. Burton Burton + Burton, Inc. Athens, Georgia James E. Butler, Jr. Butler, Wooten, Cheeley & Peak, 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 Atlanta, Georgia
University of Georgia Foundation – Annual Report
Richard W. Courts II Atlantic Investment Company Atlanta, Georgia
Joseph C. Frierson, Jr. Merrill Lynch, Pierce, Fenner and Smith Athens, Georgia
Thomas G. Cousins Cousins Properties, Inc. (Retired) Atlanta, Georgia
S. Taylor Glover Turner Enterprises, Inc. Atlanta, Georgia
Carlton L. Curtis Coca-Cola North America Atlanta, Georgia
Michael H. Godwin Ambling Property Investments, LLC Valdosta, Georgia
Chester C. Davenport Georgetown Partners, LLC Bethesda, Maryland
R. A. Griffin, Jr. Griffin Corporaton Valdosta, Georgia
Jay M. Davis National Distributing Company, Inc. Atlanta, Georgia
F. Sheffield Hale Atlanta History Center Atlanta, Georgia
Beverly F. Dolan First Union National Bank (Retired) Charlotte, North Carolina
Ben H. Hall, Jr. Dublin Construction Company, Inc. Dublin, Georgia
Vincent J. Dooley University of Georgia Athens, Georgia
Joe Frank Harris Harris Georgia Corporation Cartersville, Georgia
Thomas C. Dowden Dowden Communications, Inc. Cashiers, North Carolina
Pierre Howard The Georgia Conservancy Atlanta, Georgia
Robert G. Edge Alston & Bird, LLP Atlanta, Georgia
Gail J. Hunnicutt LaGrange, Georgia
J. Don Edwards Terry College of Business Athens, Georgia William W. Espy The Espy Company Atlanta, Georgia Marcus Fechheimer University of Georgia Athens, Georgia Norman S. Fletcher Brinson, Askew, Berry, Seigler, Richardson & Davis, LLP Rome, Georgia
Julie E. Hunt J H Services, Inc. Tifton, Georgia Sarah Corn Irby Atlanta, Georgia M. Douglas Ivester Deer Run Investments, LLC Atlanta, Georgia Stiles A. Kellett, Jr. Kellett Investment Corporation Atlanta, Georgia Martin E. Kilpatrick, Jr. Blackshaw Partners Atlanta, Georgia
George-Ann W. Knox Augusta, Georgia Jefferson B. A. Knox Knox Foundation Thomson, Georgia Shell H. Knox Augusta, Georgia Wyckliffe A. Knox, Jr. Kilpatrick Townsend & Stockton, LLP Augusta, Georgia James L. LaBoon, Jr. Athens First Bank & Trust Company Athens, Georgia Jane Darden Lanier Atlanta, Georgia Thomas W. Lawhorne, Jr. St. Francis Vascular Surgery 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, Georgia Richard B. Means Means Atlanta Properties, LLC Atlanta, Georgia
Dudley L. Moore, Jr. Moore Investment Group Atlanta, Georgia
William N. Searcy Brannen, Searcy & Smith, LLP Savannah, Georgia
Harriet H. Warren Higgins Asset Management Atlanta, Georgia
C. L. Morehead, Jr. Flowers, Inc. Retail/Wholesale Athens, Georgia
Frank W. Seiler Bouhan Falligant, LLP Savannah, Georgia
Don L. Waters Brasseler USA Savannah, Georgia
William S. Morris III Morris Communications Company, LLC Augusta, Georgia
Swann Seiler Georgia Power Company Savannah, Georgia
Ramsey T. Way Way Brothers, Incorporated Hawkinsville, Georgia
C. V. Nalley III Nalley Automotive Group Atlanta, Georgia
S. Stephen Selig III Selig Enterprises, Inc. Atlanta, Georgia
Samuel A. Way Hawkinsville, Georgia
William H. NeSmith, Jr. Community Newspapers, Inc. Athens, Georgia
Peter J. Shedd Terry College of Business Athens, 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 Centennial Holding Co., LLC Atlanta, Georgia Martha W. Pierce Alpharetta, Georgia Patrick S. Pittard Sea Island, Georgia John W. Ramsey Macon, Georgia John W. Rooker Rooker & Associates Atlanta, Georgia William A. Rooker, Jr. The Rooker Company (Retired) Atlanta, Georgia Charles S. Sanford, Jr. Gainesville, Florida
Charles S. Williams, Jr. Charles Williams Real Estate Investment Corporation Rome, 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 C. Richard Yarbrough BellSouth Corporation (Retired) Atlanta, Georgia William D. Young, Sr. General Wholesale Company Atlanta, Georgia
Steven W. Smith The Pendleton Group Atlanta, Georgia Taylor W. Smith TDCR Group Atlanta, Georgia William A. Sterne SunTrust Bank (Retired) Hilton Head, South Carolina Carl E. Swearingen BellSouth Corporation (Retired) Athens, 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
CURO Student Hiral Patel, a microbiology major, measures the petals of sunflowers while working on research under Lisa Donovan, a professor of plant biology in the Franklin College of Arts and Sciences.
University of Georgia Foundation – Annual Report
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University of Georgia Foundation Committees: July 1, 2015 – June 30, 2016 Executive Ken Jackson - Chair Bill Douglas - ViceChair Terry Brown - Treasurer & Finance Steve Jones - Secretary Kathryn Ash Foundation Fellows John Crawford Investment Steve Joiner - Audit Jere Morehead President Read Morton - AtLarge Trey Paris Development & P.A. John Spalding Immediate Past Chair Barry Storey - Real Estate Bill Young – Nominating Investment John Crawford - Chair Dave Battle Garry Bridgeman Mark Chandler Darren DeVore Bill Douglas Bill Griffin John O. Knox John Mangan Stan Shelton Ex-Officio, NonVoting: Ryan Nesbit
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Costa Rica Board Bill Griffin - President Vic Corrigan Cindy Coyle Ted McMullan John Neel Ryan Nesbit Kavita Pandit Neal Quirk Stephen Smith Mary Lou Swift Pam Whitten Finance & Compensation Terry Brown - Chair Eleanor Banister Darren DeVore Jennifer Flanagan Bill Griffin Sam Holmes Rusty Lindner Keith Mason Read Morton John Neel Neal Quirk Barry Storey Bill Young Ex-Officio, Voting: Ruth Bartlett Jere Morehead Ex-Officio, NonVoting: Ryan Nesbit Real Estate Barry Storey - Chair Mark Chandler Richard Courts Jack Head Sam Holmes Cliff McCurry Ted McMullan Bill Young
University of Georgia Foundation – Annual Report
Nominating & Governance Bill Young - Chair Dan Amos Kathryn Ash Eleanor Banister Terry Brown Bill Douglas Jack Head Sam Holmes Steve Jones John O. Knox Read Morton Trey Paris John Spalding Robert Stolz Ex-Officio, Voting: Kelly Kerner Jere Morehead Foundation Fellows Kathryn Ash - Chair Dave Battle Richard Courts Vic Corrigan Steve Joiner Stan Shelton Susan Sherman Stephen Smith John Spalding Mary Lou Swift Brenda Thompson Ex-Officio, NonVoting: Pam Whitten
Development & Public Affairs Trey Paris - Chair Kathryn Ash Eleanor Banister John Crawford Bill Douglas Jennifer Flanagan Greg Gregory Steve Jones Sissy Lawson Rusty Lindner John Mangan Keith Mason Cliff McCurry Susan Sherman John Spalding Robert Stolz Mary Lou Swift Brenda Thompson Susan Waltman Ex-Officio, Voting: Ruth Bartlett Kelly Kerner David Shipley Ex-Officio, NonVoting: Michael Lewis Johnelle Simpson Pam Whitten Audit Steve Joiner - Chair Garry Bridgeman Terry Brown Greg Gregory John O. Knox Sissy Lawson Ted McMullan Susan Waltman
Johnelle Simpson is president of the UGA Student Government Association. 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
2013-2015 John P. Spalding
1971-1973 Augustus H. Sterne
1996-1998 Daniel P. Amos
2015-Present Kenneth G. Jackson
1974-1976 Harry S. Baxter
1998-2000 C. V. Nalley III
Arch Foundation:
1977-1979 Jasper N. Dorsey III
2000-2002 Patrick S. Pittard
2005-2007 John P. Spalding
1980-1982 Robert G. Edge
2002-2004 John W. Rooker
2007-2009 Norman S. Fletcher
1983-1985 Alex W. Smith
2004-2005 Lynda B. Courts
2009-2011 Andrew M. Head
1985-1988 Thomas G. Cousins
2005-2007 C. Read Morton
University of Georgia Foundation Board of Trustees as of July 1, 2015 Daniel P. Amos Aflac Incorporated Columbus, GA
William W. Douglas III Coca-Cola Enterprises, Inc. Atlanta, GA
John F. Mangan, Jr. JFM Capital LLC Charlotte, NC
Robert H. Stolz Würth Group North America Charlotte, NC
Kathryn L. Ash Kathryn Ash Interiors Charlotte, NC
Jennifer G. Flanagan Atlanta, GA
Keith W. Mason Dentons US LLP Atlanta, GA
Barry L. Storey BLS Holdings Group, LLC Augusta, GA
James C. McCurry Seacrest Partners Savannah, GA
Mary Lou C. Swift Licensed Professional Counselor Columbus, GA
Ted McMullan Covington Investments LLC Atlanta, GA
Brenda A. Thompson Retired School and Clinical Psychologist Sea Island, GA
Eleanor F. Banister Retired Partner, King & Spalding, LLC Atlanta, GA David Battle Metalmark Capital New York, NY Garry W. Bridgeman Graystone Consulting – Morgan Stanley The Bridgeman Group Atlanta, GA Terry S. Brown Asana Partners Columbia, SC Mark B. Chandler Habersham Properties Atlanta, GA 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 Marietta, 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 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 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
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 Stanley W. Shelton Windham Capital Management, LLC Wayland, MA 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
Susan C. Waltman Greater New York Hospital Association Pelham, NY William D. Young, Jr. General Wholesale Company Atlanta, GA Ex-Officio, Voting: Ruth Bartlett President UGA Alumni Association Athens, GA
David E. Shipley Chair of the Executive Committee University Council The University of Georgia Athens, GA Ex-Officio, Non-Voting: J. Michael Lewis President of the UGA Staff Council Athens, GA Ryan A. Nesbit Vice President for Finance and Administration The University of Georgia Athens, GA Johnelle Simpson II President of the UGA Student Government Association Athens, GA Pamela S. Whitten Senior Vice President for Academic Affairs and Provost The University of Georgia Athens, GA
Kelly Kerner Senior Vice President for Development and Alumni Relations The University of Georgia Athens, GA Jere W. Morehead President The University of Georgia Athens, GA
About the Back Cover: Main lobby of the University of Georgia’s new Veterinary Teaching Hospital. 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
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
University of Georgia Foundation – Annual Report