2021
A N N UA L R E P O R T
uidahofoundation.org
2021 ANNUAL REPORT
Greetings Vandals It is always a privilege to have this opportunity to thank the generous donors who support our University of Idaho. We all climb higher with the help of friends and supporters. The University of Idaho Foundation is no different. As of June 30, 2021 the Foundation surpassed $460 million in total assets, an increase of nearly $100 million in the past year. The Foundation rightly claims its place as the largest public foundation in the state. We are proud to manage these critical resources honoring our donors’ wishes as we support the university and its efforts to expand the institution’s intellectual and economic impact while making higher education accessible and relevant to students of all backgrounds. A combination of strong financial markets and the generosity of our amazing donors means there is so much to celebrate. We are grateful to the Vandal Family and our friends as we reach these new milestones. The power of momentum is at work, not only for the Foundation but also for our treasured University of Idaho. Donations to the Foundation increased by 35% from the previous year, with alumni and friends contributing $34 million in fiscal year 2021, eclipsing the five-year average of $20 million per year.
Craig Olson ’74 Chair
This past fiscal year, 54 new endowments were established, bringing the total number of named endowments to 1,668. Endowments ensure the continuation of excellence for our campus and its students by providing perpetual funding the university can depend on. In just the past decade, the endowment has distributed over $103 million to support students and programs at the University of Idaho. This annual report provides a summary of financial activity for the fiscal year and highlights areas of focus for the university: Ensuring Access to Education, Providing Experiences that Matter and Preparing Students for Meaningful Careers. The cover photo of this report is the new freshman class taking the Vandal Walk after gathering in the ASUI Kibbie Dome to learn Vandal traditions. The processional, led by the Vandal Marching Band, takes students across campus to the Administration Lawn. We anxiously wait and watch to see all the great things that will be accomplished by the time they take that same walk at Commencement. To this end, the Foundation enthusiastically supports the Brave. Bold. A Promise to Idaho’s Students campaign. We are excited to announce a $500,000 commitment in matching funds for new scholarship endowments with the fall campaign launch. Join the Foundation as a partner. Together, we make it possible for the University of Idaho to deliver on the promise of student success in its many forms. In partnership, we will accomplish our goal to provide our students with access to an exceptional educational experience culminating in a rewarding career. We are so grateful to our generous donors for all they have done and will do to ensure continued excellence at the University of Idaho. On behalf of all Vandals, we thank you!
GO VANDALS! 2 | 2021 Foundation Annual Report
Joy Fisher ’81
Executive Director
$54,170,468
16,487
FY21 TOTAL FUNDRAISING
FY21 GIFTS FROM 7,511 DONORS
WHO GAVE? ALUMNI
$22,988,122 CORPORATIONS/ORGANIZATIONS/NON-PROFITS
$22,069,291 FRIENDS/OTHERS
$7,533,222 FACULTY/STAFF
$1,414,478 PARENTS
$165,355
WHERE DID THEY GIVE? SCHOLARSHIPS
$22,019,447 FACULTY/STUDENT SUPPORT
$18,085,574 RESEARCH
$10,312,893 FACILITIES
$3,752,554
Giving Highlights reflect all sources of private support for the University of Idaho in accordance with guidelines established by CASE (Council for Advancement and Support of Education). These guidelines allow for counting certain private support that is not included in the Foundation giving totals.
C. Scott Green ’84, University of Idaho President and Mary Kay McFadden ’80, Vice President for University Advancement Good news is worth celebrating and, thanks to you, we are celebrating FY21 as our most successful fundraising year ever! The momentum of your generosity is the driving force behind the kickoff of the University of Idaho’s most ambitious campaign in our history: Brave. Bold. A Promise to Idaho’s Students. Together, we continue to ensure access to excellence for all qualified students wanting a Vandal education, no matter their financial circumstances. Your investment in our future and that of our hard-working students is powering the learning experiences and environments – like the newly opened ICCU Arena – that make a difference in our communities and throughout the world. We look forward to working with you in this new fiscal year as we forge a brighter future for the entire state of Idaho. Thank you and Go Vandals!
2019 Foundation Annual Report | 3
ENDOWMENTS | ENSURING ACCESS TO EXCELLENCE
Advancing Healthcare in Idaho through Scholarship Support Medical students in the Idaho WWAMI program will have a lighter financial lift and debt load in the future thanks to the generosity of the family of a rural physician from Louisiana. The Durward and Susan Huckabay Foundation, based in Reno, Nevada, established the Durward A. Huckabay, M.D. WWAMI Idaho Scholarship Endowment at the University of Idaho in March 2019 with a $1.5 million gift. In the succeeding years, the Huckabay Foundation has made additional investments to bring the endowment total to more than $10 million, creating the largest single endowment in the history of the University of Idaho. For the 2020-21 school year, 24 Idaho WWAMI students received scholarships totaling $82,000. WWAMI is a medical school partnership between the No. 1 ranked primary care medical school in the nation, the University of Washington School of Medicine, and Washington, Wyoming, Alaska, Montana and Idaho. Each year, 40 residents of the Gem State start their medical journey at U of I. Since its inception in 1972, over 800 physicians have been trained thanks to Idaho WWAMI and 51% of graduates return to practice in Idaho - well above the national average of 39%. Durward Huckabay struggled to afford medical school in the 1920s while also supporting his wife and four siblings. In his first years of practice, he served rural areas of Louisiana, often traveling on horseback to reach patients. Those early struggles inspired his family to establish the endowment in his name and help address Idaho’s chronic physician shortage – especially in rural areas. Idaho ranks last in physicians per capita, a problem confounded by rapid growth in population and the increasing cost of attending medical school.
4 | 2021 Foundation Annual Report
“Reducing debt helps keep Idaho-trained doctors here instead of seeking higher-paying jobs elsewhere,” said John Huckabay, a Coeur d’Alene resident for the past 40 years who serves as co-trustee of the Durward and Susan Huckabay Foundation along with his mother, Susan. “One of the best ways to address Idaho’s physician shortage and encourage recruitment of family doctors into all corners of our state is to support Idaho WWAMI. More so, supporting in-state medical students as they start their journey in medicine at U of I gives them the foundation they need to be successful,” he continued. WWAMI student Bryan Jones, father of four, agreed. “The Huckabay scholarship makes a world of difference while paying for medical school and having a family,” he said. “My wife and I are overwhelmed by the support and are so grateful to those who have contributed to my education.” Huckabay said another motivation behind establishing the endowment was the overall quality of the Idaho WWAMI program. “I chose to set up the Huckabay Scholarship Endowment at U of I because Idaho WWAMI students receive a greater benefit – in terms of education quality, financial support and emotional support – than anywhere else I’ve worked with.” BY KATHY BARNARD ’81 OFFICE OF ALUMNI RELATIONS
Powering the Sound of Idaho Pa-rum-pum can be heard as the call to attention for the Associated Students of the University of Idaho (ASUI) Sound of Idaho Marching Band. Called the Vandal Marching band for short, the band’s century-long legacy has included thousands of students not only studying in the Lionel Hampton School of Music but majoring in biology, philosophy, engineering, journalism, international studies, etc. – representing 55 majors.
energy wherever they go. Those donors include the ASUI, which has helped fund the marching band since the late 1970s.
The marching band experience has a unique, almost undefinable quality about it. Each section has its own traditions, and together they lead multi-generational alumni, fans and friends in the best fight song on the planet. While the exact recipe for the band’s explosive vibe may be elusive, a key ingredient is the Vandal Family’s financial support.
Generous and enthusiastic donors power the marching band in other ways, too. For practical operating needs, donors have funded nourishment for band camp, game snacks, water and travel. For essential items, the marching band is grateful to donors for providing new music stands, a drum set, a new drum line, 3 new mellophones, 16 new sousaphones and replacing 20-year-old tubas. In addition, student-musicians will proudly sport new uniforms starting in 2022, thanks to Gritman Medical Center and dozens of individual donors during Vandal Giving Day.
“Donors are a member of the band, just as the players, color guard, cheer and dance,” said Spencer Martin ’99, ’02, associate director of the Lionel Hampton School of Music who directs the marching band. Some donors are former student-musicians who want today’s students to have the opportunities they had. Others simply enjoy marching band performances. “We would watch the band practice every day at noon on the field below our University Ridge apartment,” said Doug Gross ’75, speaking of his late wife Judith Gross ’75. “After graduating, when we would return for games, she wouldn’t budge from her seat during halftime. She became a huge fan of the band.” After Judith passed away in 2012, Doug established the Judith A. Gross Marching Band Memorial Scholarship Endowment and the Judith A. Gross Memorial Fund in her memory. The power of music to bring people together in celebration is fuel for the Vandal spirit. Perhaps that’s why so many donors are inspired to give to a band of Vandals who ignite positive
New this year, the Vandal Marching Band Endowment will distribute over $1,000 in general support, which can be used for pressing needs and/or student enrichment activities. Martin would like to see the endowment grow to provide more direct support to our hard-working student-musicians.
With the Vandal Family behind them, marching band members build community and take new responsibilities. Upper classmen set an example for both first- and second-year students. Leadership opportunities abound because, as early as their sophomore year, students become section leaders, run pep bands for basketball and volleyball, and more. “There is a sense of accountability that your actions can affect everyone else in your instrument section and the rest of the band. If people don’t work together and take care of each other, you can’t have a good show,” Shannon Kelly ’15, marching band historian. From its founding 102 years ago, the Sound of Idaho marches on with a sense of teamwork, commitment and that unstoppable Vandal spirit, powered by the generosity of the Vandal Family. BY KATIE DAHLINGER ’05 OFFICE OF ALUMNI RELATIONS
2021 Foundation Annual Report | 5
FROM THE LAND | EXPERIENCES THAT MATTER Growing Agriculture Professionals, Serving Idaho’s Communities The state’s land-grant university clearly held a special place in the hearts of one northern Idaho farming family – the Deerkops. Robert Deerkop was born and raised in Latah County and attended U of I in the late 1930’s before joining the U.S. Army in 1940. Both he and his wife, Alvena, were World War II veterans; Robert served in the Army as a master sergeant in the Pacific Theater and Alvena was a member of the Women’s Royal Australian Naval Service. The couple married in 1962 and farmed between Palouse, Washington, and Potlatch, Idaho for 21 years before settling in Harvard, Idaho to raise Aberdeen Angus cattle. Robert died in 2008 followed by Alvena in 2012. The land they cared for, donated as an estate gift to the College of Agricultural and Life Sciences (CALS), now provides scholarship support for students pursuing a CALS undergraduate degree. The U of I Foundation sold the land to establish an endowment in accordance with the Deerkops’ wishes. The endowment funds six separate scholarship programs, all of which open greater access to education in CALS and the experiential learning that serves students throughout their careers. These scholarships support a student ambassador program, internships, collegiate 4H/FFA involvement and academic success. To honor the surrounding communities where the Deerkops spent much of their lives, the Deerkop Community Scholarship is awarded annually to students from Potlatch, St. Maries and Deary, Idaho. Students receive a $3,000 renewable award for up to four years. The Deerkop scholarships and others like them enable students to focus more on their studies and participate in co-curricular activities, without the added stress and time commitment of a part- or full-time job. This is certainly true for Cassidey Plum, a sophomore majoring in agricultural education. In her first year at U of I (2020-2021), she joined Gamma Phi Beta sorority, became a CALS student ambassador and was elected to the ASUI Senate, where she focuses on community outreach and student involvement. “Because of scholarships like the Deerkop Scholarship, I don’t have the stressor of financial obligations and I have been able to explore various leadership opportunities that are better preparing me for my future,” said Plum. Jayden Mink, another recipient of the Deerkop Scholarship, is a junior studying animal and veterinary science: business option. Thanks to scholarships, he has the time to be involved in the U of I Student Idaho Cattle Association and the Collegiate Young Farmers and Ranchers, serve as a CALS student ambassador and play intramural sports.
6 | 2021 Foundation Annual Report
“Programs like these give us the opportunity to be hands-on, to work with others in the industry, connect with other people and further our education” — Jayden Mink ’16
“Programs like these give us the opportunity to be hands-on, to work with others in the industry, connect with other people and further our education,” said Mink, a fifth-generation rancher and third-generation Vandal from Cambridge, Idaho. Plum, Mink and many future students will have the opportunity to go on to make a positive difference in the health and welfare of people, animals and the environment. Their ties to the land that sustains us all are even stronger, thanks to the generosity, compassion and foresight of the Deerkop Family.
Did you know? A gift of land or real estate can have many tax advantages for your estate planning and legacy.
MANY TAX ADVANTAGES www.myuidaholegacy.org/real-estate giftplanning@uidaho.edu | 208-885-9026
Getting an Early Start in Natural Resources Research
supportive environment,” she said. “After the URE, I felt comfortable formulating my own research questions, setting research goals and exploring and managing data.”
Imagine being a college-bound student with no connection to Idaho, but a drive to understand the natural world. What if you could participate in a two-semester research experience designed just for you? What if, as a freshman, you could learn how to conduct research, connect with like-minded students, partner with a faculty mentor, earn three credits and receive a $2,000 stipend? Would you take the leap and enroll at U of I? For the 2020-2021 academic year, 16 incoming freshmen and second-year transfer students from both Idaho and other states found the invitation too good to pass up. Of those 16, all are still enrolled at U of I, and only one student switched to a different college. For 2021-2022, 27 new students will participate in the two-semester program known as the Undergraduate Research Experience (URE). The College of Natural Resources (CNR) launched the URE as a pilot in the 2019-2020 school year, attracting an inaugural cohort of six students. Then, as now, the URE is funded entirely by generous private donors, such as the DeVlieg Foundation, a long-time partner of the university. CNR established this innovative program to grow enrollment, improve retention and increase the visibility of one of the top natural resource programs in the country. For students, the URE supports their academic development, develops critical thinking and communication skills, and provides the hands-on experience that employers seek. Conservation biology major Harrah Friedlander ’22, originally from Alabama, came to U of I from Chicago with the help of the URE. “I was excited to have the opportunity to explore different areas of study and assist in ongoing research in a
Other universities offer undergraduate research, however, U of I’s URE is different. “We start at the freshman year, when others start at the junior year,” said Steve Shook, associate dean and professor of forest and sustainable products in CNR and director of the URE program. “Right away, students get to see why research is important, and that our faculty were once starting out just like they are.” Word is getting out about the success of the still-young program, with other CNR students expressing interest and other U of I colleges looking into the model. “Our goal is to endow the program through private gifts so we can offer it to more students, perhaps even all firstyear CNR students who want to participate,” Shook said. It takes about $2,000 per student, per year, to administer the program. Based on feedback from students, it is money well spent. “I found it valuable partaking in research and learning how college level experiments are conducted,” said fishery resources major Kyle Ureta ’24, who researched mountain biking’s impact on trails and soils. Even after completing the URE, Kyle and his faculty mentor are still meeting and discussing the project they worked on together. Through hands-on research, URE students can see they have a place in U of I’s mission to serve the state of Idaho and beyond. For Friedlander, that means making a tangible difference in the understanding and protection of biodiversity. “I want to serve as a conduit between the scientific community and public, finding ways to engage and excite them about conservation, just as my mentors have done for me.” BY JAMIE WAGNER ‘94 UNIVERSITY ADVANCEMENT
Harrah Friedlander with graduate student Lukas Grossfurthner at Castle Rocks State Park near the Idaho-Utah border. Friedlander’s project in her URE was “Sexual and Interspecific Differences in Antelope Response to Road Systems”
2021 Foundation Annual Report | 7
WORLD-CLASS FACULTY | MEANINGFUL CAREERS
Tom Slayton
University of Idaho students Tom Slayton and Mary Ruth Mann on the occasion of their election to ASUI in 1971.
Opening Global Vistas to Serve Students and Idaho The hallmark of a U of I education is exploring interests, exchanging ideas and aspiring to make a difference. Whether it’s hands-on research, an internship or working directly with a world-class faculty member, key experiences can influence a student’s life and career for decades to come. Perhaps no one knows this better than Tom Slayton ’72. Originally from Blackfoot, Idaho, Slayton came to U of I intending to become a lawyer. However, his bachelor’s degree in political science and student leadership roles led him in another direction. Following a master’s degree from Columbia University, Slayton went on to become a leading expert on the international rice market. Even after being a consultant to the World Bank, United Nations’ Food and Agriculture Organization and the world’s largest international rice trader, he never forgot his Vandal roots. “I feel a deep gratitude to the University of Idaho for the education I received both in and outside of the classrooms,” said Slayton. After retiring following decades of living and working in and with Asian countries, he saw a gap in current political science offerings at U of I – specifically, a focus on China
8 | 2021 Foundation Annual Report
as a rising world power with an economy expected to surpass that of the U.S. within the decade. In late 2020, Slayton made a $1 million gift to the College of Letters, Arts and Social Sciences (CLASS) to create the Thomas Slayton Endowed Professorship for East Asian Politics – the first-ever endowed professorship in CLASS. The college is seeking to hire a faculty member with a specialization in Chinese politics and foreign policy to begin teaching in fall 2022. The faculty member will also conduct scholarly research and advise undergraduates. “Mr. Slayton’s gift will provide Idaho students amazing insights to East Asian society and politics, and it will help prepare them for the global realities of the 21st century,” said CLASS Dean Sean Quinlan. “China is an essential part of this story.” The donation is part of an effort to support the university that opened vistas for Slayton long ago, and to inspire more giving. “I hope there are others who can be persuaded to open their pocketbooks — big and small,” he said. Slayton and his wife, Cherie, are retired, have two grown children and reside in Alexandria, Virginia. BY RALPH BARTHOLDT UNIVERSITY COMMUNICATIONS AND MARKETING
NEW ENDOWMENTS
FY2021 New Endowments The Foundation appreciates the generous donors who contributed $13.2 million to endowments in FY2021. Almost $7 million established and funded the following 54 new endowments: Dr. Katherine G. Aiken Library Endowment Leo Edwin Ames Arts Scholarship Endowment Richard B. Anderson Forest & Rangeland Conservation & Restoration Research Endowment Lloyd Robert Brown Memorial Scholarship Endowment Shan Chen & Coral Wu Engineering Scholarship Endowment Kristin Clovis Gamma Phi Beta Memorial Scholarship Endowment College of Engineering Advisory Board Endowment College of Natural Resources Student Excellence Endowment D.L. Evans Bank WWAMI Idaho Scholarship Endowment James C. & Candy Wagahoff Dale Law Scholarship Endowment John W. Dale Entomological Sciences Scholarship Endowment Robert & Anne DeBord Family Scholarship Endowment Department of Computer Science Endowment DeVlieg Scholars in Engineering Endowment Endowed Chair for Mechanical Engineering Engineering Design Expo & Hands-On Learning Endowment Frank “BullMoose” Fletcher Athletic Scholarship Endowment Bette & Tom Gates Endowment
George I. & Peggy K. Gittins College of Agricultural & Life Sciences Scholarship Endowment
Lewis-Hedman Memorial Scholarship Endowment
Richard E. Hall Scholarship Endowment
James & Marilyn Linford Mechanical Engineering Scholarship Endowment
Charlotte Hill & Carol Lisek Science Excellence Endowment
Scott Marboe Family Vandal Athletic Scholarship Endowment
Honcik Computer Science Scholarship Endowment
Ken & Karleen Mays Engineering Scholarship Endowment
Ivan & Esther Hopkins Horticulture Scholarship Endowment Jonne Hower Endowment for Academic Excellence & Engagement Rick & Judy Hundrup Scholarship Endowment Idaho Beef Council Graduate Fellowship Endowment Isakson Family Scholarship Endowment Ashley & Mike Iupati Athletic Nutrition Endowment William & Norma Jewell Memorial Scholarship Endowment Steven & Claudia Johnson Education Scholarship Endowment Marion Greif Kalbus Scholarship Endowment Dick & Patty Kerbs College of Agricultural & Life Sciences Scholarship Endowment Michael Kyte Distinguished Lecture Endowment Marie Eaton Lathrop, DMD (‘83) & Greg Lathrop, DVM (‘77) College of Agricultural & Life Sciences Scholarship Endowment Barbara J. Letchet Scholarship in the College of Education, Health & Human Sciences
Dr. Thomas & Mrs. Linda McMillan Scholarship Endowment Northwest Specialty Hospital WWAMI Idaho Scholarship Endowment John M. Otter Soil Sciences Endowed Professorship Putnam Mathematics Endowment Gary Reber Memorial Scholarship in Engineering Endowment John & Karen Rosholt Elementary Education Scholarship Endowment Michael Samuel & Nancy Thomas Graduate Research Endowment Thomas Slayton Endowed Professorship for East Asian Politics Wilma Talley Thomas 4-H Leadership Scholarship Endowment Wilma Talley Thomas 4-H Program Endowment Linda Copple Trout College of Law Scholarship Endowment Melvin & Charlotte Van Dyke Scholarship Endowment Vandal Promise Scholarship Program Endowment Marilyn Volpe & George Borkow Camas County 4-H Internship Endowment Paul Warnick Arboretum Scholarship Endowment
2021 Foundation Annual Report | 9
FOUNDATION FINANCIAL STATEMENT
Condensed Statements of Net Position ASSETS
2021
2020
$ 56,879,543
$ 18,484,680
Accrued interest and other receivables
441,867
310,131
Promises to give, net
8,520,580
7,544,819
390,054,422
330,398,574
4,959,630
5,166,957
540,559
358,120
$461,396,601
$362,263,281
Cash and cash equivalents
Investments Real estate holdings Other assets TOTAL ASSETS
2021
2020
Liabilities $
211,747
$
Unearned revenue
537,973 1,000,000
Liability for split interest trusts
8,075,635
8,479,388
Other funds due to U of I
5,695,667
5,695,667
12,494,821
11,751,176
Total Liabilities
$ 26,477,870
$ 27,464,204
Deferred Inflow
$
$
Endowment earnings payable to trust beneficiaries
5,629,838
3,857,644
Net Position Restricted - nonexpendable
269,873,045
256,117,549
Restricted - expendable
150,517,165
67,708,084
8,898,683
7,115,780
Total Net Position
$429,288,893
$330,941,413
TOTAL LIABILITIES AND NET POSITION
$461,396,601
$362,263,261
Unrestricted
REVENUES
2021
2020
$ 34,046,108
$ 25,046,410
5,874,350
6,474,054
83,432,242
(3,485,472)
545,730
396,752
$123,898,430
$ 28,431,744
2021
2020
$ 12,494,821
$ 11,751,176
Distribution to University and affiliates
9,881,447
11,577,585
Administrative expense
2,948,283
2,552,649
226,399
236,172
Total Expenses
$ 25,550,950
$ 26,117,582
CHANGE IN NET POSITION
$ 98,347,480
$
NET POSITION Beginning of Year
$330,941,413
$328,627,251
NET POSITION End of Year
$429,288,893
$330,941,413
Gifts Investment income Change in fair value of investments Other TOTAL REVENUES
EXPENSES
LIABILITIES, DEFERRED INFLOW AND NET POSITION Accounts payable
Condensed Statements of Revenues, Expenses, and Changes in Net Position
The Foundation’s condensed financial statementsfor the years ended June 30, 2021 and 2020 are presented in this section. To present a picture of the fiscal year activities, the Foundation has provided condensed financial statement information that departs from generally accepted accounting principles (GAAP) in two ways. First, the accompanying condensed financial statements include only summarized statements of net position and statements of revenue, expenditures and changes in net position and do not include statements of cash flows or the footnote disclosures. Second, the Foundation presented condensed information which consolidates current and non-current assets and liabilities.
10 | 2021 Foundation Annual Report
Distribution of endowment income to trust beneficiaries
Other
2,314,162
The Foundation’s financial statements undergo an annual audit, which is conducted by EideBailly LLP. They audited the financial statements for the years ended June 30, 2021 and 2020, which are presented in conformity with GAAP, and they expressed an unqualified opinion on these financial statements. A copy of EideBailly’s audit report dated September 21, 2021, is available upon request or may be viewed on the Foundation’s website www.uidahofoundation. org. Additional information about the Foundation can be found in the 2019 annual information return, Form 990, which is available in its office or may be viewed on the website. The 2020 annual information return will be available on the website after it is filed in early 2022.
Financial Highlights
MISSION STATEMENT
DISTRIBUTIONS
The mission of the University of Idaho Foundation, Inc. is to inspire, manage and distribute private support to enhance the excellence of the University of Idaho.
25.0
Endowment Distributions
20.9
HISTORY The University of Idaho Foundation, Inc. was officially established in 1970 to attract private financial support to aid in the achievement of institutional goals and to manage assets for the benefit of the University of Idaho.
TOTAL DISTRIBUTION IN MILLIONS
20.0
FY21 FAST FACTS
n
n
n
Over $224 million – Endowment support for scholarships and programs since 1959, and more than $180 million since 2000 Based on FY2021
0.7
20.5 0.6
1.3
22.6
22.0 2.6
20.6 0.8
4.2
23.3 22.4 4.0
1.0
8.9 10.2
7.5
9.9
8.7
8.9
10.7
10.9
11.3
11.8
2017
2018
2019
2020
7.1
9.0 8.4 9.6 10.0
0.0
8.6
9.2
9.7
10.2
2013
2014
2015
2016
12.5
2012
2021
TOTAL ASSETS 500
$22.4 million – Distributed to the University of Idaho for scholarships and academic programs during the 2020-21 school year
*Estimated
1.3 15.0
$389 million – Assets managed in the CIT endowment pool
– One-year total rate of return for the CIT
17.7
21.4
Capital Projects
6.8
$461 million – Assets held by the largest public foundation in Idaho
n 29%*
17.7
5.0
CIT Total Assets
Other Restricted and Unrestricted Assets 461.4
450 72.5 400
TOTAL ASSETS IN MILLIONS
n
2.7
Current Use
349.5
350
320.2
300 259.0 250 200
263.6
298.5
295.3
293.4
48.6
46.1
47.1
362.3
59.7 61.5
44.7
41.8 38.6 388.9
150
100
57.6
363.4
198.0
217.2
249.9
249.2
246.3
2014
2015
2016
275.5
291.9
303.7
300.8
2018
2019
2020
50
0
2012
2013
2017
2021
2021 Foundation Annual Report | 11
Board of Directors Officers
Chair Craig Olson ’74 Vice Chair Linda Copple Trout ’73, ’77 Treasurer Blair Wilson ’79 Secretary Clint Marshall ’97 Past Chair Andrew Emerson ’97
Directors
Emeritus Directors
David Butler ’88 Linda Davidson ’73 Robert Dixon ’70, ’71 Annette Elg ’78 Rod Gramer ’75 Lisa Grow ’87 Kristi Hanson ’86 Katherine “Kit” Kimball ’72 Nicholas Marshall ’95 Bill McCann, Jr. ’66, ’69 Lee McCollum ’71 Patrick Mitchell ’75 Jim Pierce ’87 Helen Stevenson ’81 Jo Anne Stringfield ’81
Robert Alexander ’62, ’64 Rich Allen ’73 Emma Atchley ’68 Dolores Chapman ’61 Frances Ellsworth ’83 Dennis Faucher ’60, ’62 William Gilbert, Jr. ’97 Karen Gowland ’81, ’84 James Hawkins ’58, HON ’96 Patrick McMurray ’70 Laine Meyer ’72 Gary Michael ’62, HON ’03 Mahlon “Lonnie” Park ’58 Keith Riffle ’62, ’63 Jeffry Stoddard ’75, ’76 Carolyn Terteling ’59 Robert Woodhead ’46, HON ’80
University of Idaho Foundation Office Physical Location
Mailing Address
Contact
Mary E Forney Hall 1210 Blake Avenue, Room 102A Moscow, ID 83844-3143
875 Perimeter Drive, MS 3143 Moscow, ID 83844-3143
Phone: 208-885-4000 Fax: 208-885-4040 www.uidahofoundation.org invest@uidaho.edu gifts@uidaho.edu
Foundation Staff Joy Fisher ’81
Executive Director joyfish@uidaho.edu
Elisabeth Ridgway ’81 Executive Assistant eridgway@uidaho.edu
Deborah Bell
Director of Finance deborahb@uidaho.edu
Joseph Charles ’16, ’19 Accounting Manager josephjc@uidaho.edu Vacant Accountant
University Leadership Shawna Lindquist ’89
Lindsay Lee
Barbara Warnick
Gail McMillan
Director, Endowment and Gift Administration shawnal@uidaho.edu Associate Director, Endowment and Gift Administration bwarnick@uidaho.edu
Molly Vestal
Gift Processor mvestal@uidaho.edu Vacant Assistant Director, Gift Operations
Technical Records Specialist ljlee@uidaho.edu Management Assistant gailm@uidaho.edu
David Renner
Database Analyst drenner@uidaho.edu
Joshua Tomlin ’08 Business Analyst jatomlin@uidaho.edu
C. Scott Green ’84
President president@uidaho.edu
Torrey Lawrence
Provost and Executive Vice President provost@uidaho.edu
Mary Kay McFadden ’80
Vice President, Advancement marykaymcfadden@uidaho.edu
Brian Foisy
Vice President, Finance brianfoisy@uidaho.edu