UCF Foundation, Inc. Annual Report 2008-2009

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

A N N UA L REP O RT

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

2008–2009

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To our donors, alumni and friends...

Welcome to the fiscal year 2009 annual report produced by the

University of Central Florida Foundation. This report contains fundraising results, our financial summary for the year, and compelling stories that

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

celebrate the impact of private support from our donors.

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On June 30, 2009, we closed one of the most challenging years in the history of the UCF Foundation. Along with the rest of our world, we rode the waves of economic uncertainty.

ROBERT HOLMES, JR. Yet we remained CHIEF EXECUTIVE OFFICER UCF FOUNDATION, INC. focused on one thing: meeting the needs of our students—current and future.

Almost 16,000 donors gave their generous support to meet the educational needs of our students, the resource needs of our faculty and staff members, and the capital needs of our campus administration. As a direct result of philanthropy, programs were enhanced, faculty stars were recruited, innovative

research is on an ever-upward trajectory, and our campuses continue to thrive.

Even in tough times, the loyalty of alumni and friends sustains the vision of our university and all it requires to be great. We appreciate the special privilege it is to be part of this university, and understand well that higher education transforms people’s lives and represents the hope of our future.

Sincerely,

Robert J. Holmes, Jr. Chief Executive Officer, UCF Foundation, Inc. and Vice President, Alumni Relations & Development

UCF stands for opportunit y

UCF Foundation supports that opportunity.

While funding from the state provides basic financial support, gifts made through the UCF Foundation fund scholarships, program and faculty endowments, and new classrooms, laboratories and buildings that add value to a UCF education and bring distinction to the university.

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The Fottler Endowed Scholarship Fund

Generosity Begets Generosity For Dr. Myron Fottler and his wife, Carol Fottler, generosity isn’t just about rising to the challenge, but also about

challenging others. The Dr. Myron D. Fottler and Carol A. Fottler

Endowed Scholarship Fund will help students in the Health

Services Administration master’s degree program and in the Health

Administration specialization of the doctoral program in public affairs.

Health Services Administration Alumni Chapter Chair Kevin Lenhardt asked Dr. Fottler, a UCF professor and the director of the Health Services Administrion to contribute. Fottler agreed, but offered a challenge: He would double his $500 contribution if every faculty member also contributed. He then broadened the challenge, pledging an additional $1,000 if everyone on all three advisory boards in Central Florida also donated.

The Fottlers also created the scholarship in their name under the principle of incentives.

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

“If someone is a great student and can get into any of these programs, and University of Alabama at Birmingham or University of North Carolina at Chapel Hill offer better scholarships, they’ll go there,” said Dr. Fottler. “The issue is we want to make sure we get our fair share of the very best students.”

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Dr. Fottler stresses the need to compete with long-established schools in order for UCF’s program to excel. He holds a doctorate in business from Columbia University, and became interested in health services administration while writing his dissertation.

“We decided to create the master’s and Ph.D. scholarships in our names to help the young UCF program continually improve the quality of the student body, encourage future leaders in health care to consider UCF and attract students from other parts of the United States to come here for a quality education,” Carol said.

“I think this speaks to the generosity of Myron and Carol Fottler and the fact that they’re willing to invest in the future of our department, and we thank them for it,” said Dr. Aaron Liberman, department chair of health management and informatics and of health professions.

“What’s happening in the health care field today is quite remarkable,” he continues. “With the economy shrinking in every sector, the health care field is expanding in a robust way.

This expansion has created a need for new organizations to support the graying of America, the aging of American citizens.

Dr. Fottler also believes in health care reform and that one possibility is an increase in health care jobs. His goal is to figure out how best to help students get jobs in the field, as well as competitive fellowships where they can meet mentors.

Dr. Fottler credits the support he received as a student, which allowed him to finish with little debt, as one of his reasons for giving.

“It seems to me that if you benefit from other people’s generosity, you ought to turn around and do the same thing yourself.”

Dr. Myron Fottler and Carol Fottler

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Skura Family Endowed Freedom Scholarship U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

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Honoring Veterans’ Sacrifices As a veteran himself, Emile Skura has experienced the sacrifices

veterans make—their children often make incredible sacrifices, as well.

That’s why he and his wife, Hallie, along with their children Robert, Catherine ’(82) and Maureen (’93), established the Skura Family

Endowed Freedom Scholarship, a $1 million endowed scholarship for children of Gulf War veterans who attend UCF.

“I served six years in the military in Canada and left the service in 1955. Later I also worked for the federal government. Because of these experiences, I have always followed the war, and feel strongly that we need to reward our veterans and their children for what they are doing for us,” said Emile.

Since immigrating to Florida from Canada in 1968, Emile and Hallie have been committed to the Central Florida area; their three children attended UCF and their family business ventures have all been local. Thanks to their parents’ success, the Skura children finished their studies debt-free, but Emile understands that there are many students who are less fortunate.

“I believe strongly in education and I believe we should help those people who might not have the opportunity to study because of financial need,” he said. He focused the endowed scholarship on the children of veterans because, like their parents, they have also made sacrifices in their lives. Most have experienced numerous relocations due to their parents’ military careers, or have spent long periods of their lives without one or both parents present.

The Canadian Army, Emile Skura is in the top row, far right.

But Emile has another idea in the works—an extension of the scholarship to provide support for the veterans themselves. “I feel it is important to support our young veterans who might have interrupted their studies to go to war, or who come home injured,” he added. Although the Montgomery GI Bill provides up to 36 months of education benefits for college, Emile believes there are some veterans who have exhausted their benefits and need financial support to finish their degrees.

The $1 million endowed scholarship will be eligible for a match from the Florida Board of Governors, which will bring the full amount to $1.75 million. The scholarship funds will be used to pay for tuition, books, fees and other college expenses. As an endowed scholarship, the original funds will be invested for the long term and a portion of the investment income will be available annually to fund the scholarship award.

Emile and Hallie hope their three children and their eight grandchildren will continue to be committed to supporting education and our war veterans. “I feel that we have an obligation to look after our veterans and their children,” he said.

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Carson Alan Swingle Helping Heart Memorial Endowment Scholarship

Carson and Tyler Swingle.

A Child Inspires a Community On January 8, 2005, Ashley (’94) and Todd Swingle (’92) welcomed their second son, Carson, into the world. What began as an exciting day soon turned to worry—

they learned he suffered from a severe congenital heart defect. The next two months

were filled with long nights, surgeries and hopes he would recover.

“While this time sounds horrific,” Todd said, “It was a truly amazing time watching the face of a child in the midst of so much struggle and pain look up at you with a smile. His smile and personality warmed the hearts of the nurses, doctors and staff at Arnold Palmer Hospital and brought us to see the compassion and care that these individuals brought to work with them every day.” That fall, Carson appeared to be improving. But on October 17, Carson lost the battle.

The extent of Carson’s reach became clear when his funeral was filled with not just friends and family, but coworkers, hospital staff and people from throughout the community—even those who had never met him. This diverse group helped establish the Carson Alan Swingle Helping Heart Memorial Endowment Scholarship for Nursing at UCF, so Carson’s legacy would continue to inspire nurses who assist families facing the same crises.

Dr. Jean Leuner, dean of the College of Nursing, is one of many inspired by the Swingle’s story. “The contribution from the Swingle family and their friends is a wonderful testimony to the outstanding care nursing professionals provide. We are honored that they chose the College of Nursing to establish a scholarship in memory of their son, and will use their generous contribution to educate future nurses who continue to touch lives, lead by example and make a difference.”

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The fund has increased awareness for Congenital Heart Disease (CHD). “As prevelant as the disease is there’s not much awareness for it,” said Ashley. “Families are so busy trying to deal with their daily rigors that there’s just not enough time to form or get involved with support groups.”

As the number one birth defect in the nation, nearly one in 100 babies have CHD, and the defects are the number one cause of birth defect-related deaths. “So many families have been through the same struggles we have,” said Todd. “We never knew that our neighbor went through it with his daughter. A t-ball coach we know had CHD. It’s unlike other birth defects in that it’s not visible. You don’t necessarily see people walking down the street and know they have a defect.”

Naomi Camacho (’08) was the first recipient of the scholarship. She is now a nurse at Arnold Palmer Hospital, working in the Ortho-Neuro Unit in Pediatrics. “I felt so touched by their story,” she said.

“Establishing the endowment was a way for us to recognize the nurses and staff members who did so much during our time there,” Todd said. “It seemed like a really good fit, and a great way to remember Carson and help the UCF nursing program.”

Parent Knights do a lot more than help their students choose classes and move into their dorms—they also help UCF provide valuable

programs through the Parent Fund. It’s not mom’s cooking, but students get more opportunities to develop the skills they need to succeed.

“For us the Parent Fund was our way of accepting their gift and directing it to areas that need additional support,” said Snow. “Parents can direct their gift to one of hundreds of accounts at the UCF Foundation. Many parents donate to a specific college or account, while others make a gift to the Parent Fund.”

The Parent Fund supports numerous programs from which students benefit directly, including the “Study Union” during finals week. The program keeps the Student Union open 24 hours a day during finals week and offers tutoring, food and activities such as exercise classes. Parents can encourage their students to study—and also help provide the right environment for studying.

Last year, the Parent Fund also supported grants, projects and programs, including the new Career Resource Center, and a civility campaign that included a Civitas Week in November.

Dr. Maribeth Ehasz, vice president of Student Development and Enrollment Services, said that Civitas Week was an opportunity for students to listen to different speakers and participate in activities encouraging people to treat each other well, to follow the UCF Creed and to increase acts of kindness. The week also provided students the opportunity to develop professionalism, preparing them for success in their chosen fields.

Student Disability Services (SDS) also benefits from the Parent Fund, which allowed the department to co-host events during Diversity Week in October 2009, said Pam Rea, director of Student Disability Services.

The Parent Fund also helps support mentorships for students with disabilities.

“Trained SDS peer mentors work with incoming freshmen and transfer students with disabilities to become acclimated to the university, as well as share their experiences, knowledge and expertise as students with a disability at UCF,” said Pam. “Other possible initiatives include special programs to support returning veteran students and their families and a parent council,” said Maribeth.

Maribeth sees the Parent Fund as a way for parents to be involved in their students’ education while stepping back and allowing them to be independent. She said the fund allows UCF to respond to changing student needs, and that it’s a way for parents to support UCF by helping provide their children with the resources they need.

“Parents cannot live their students’ lives, but they can help support the path their sons and daughters are on,” she said.

Students at the “Study Union” during finals week.

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

“In 2009, parents contributed $82,000 to support academic and student development programs at UCF,” said Jeff Snow, assistant vice president of annual giving.

The Parent Fund

Parent Knights Get Involved

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Pegasus Society

A Lasting Impact Many UCF alumni continue to contribute to the university long after they’ve graduated, and that’s just what Joanie Hoyt (’89) and

Patrick Kelly (’88) are doing today. Both credit the lasting impact their experiences at UCF have had on their lives—and they are impacting UCF in turn.

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

“It might seem like a silly answer, but I give back because it’s the right thing to do. That’s my personal feeling,” says Joanie. “UCF gave me a foundation to build on. If I didn’t have that foundation, I wouldn’t be where I am today.”

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Patrick Kelly (’88) is also a Pegasus Society donor—he realized what giving back meant while he was a student. “I used to do volunteer calling for my fraternity so when I got something in the mail about giving, I knew it was something I needed to do.”

Joanie is one of many Patrick is a senior vice president alumni who are donors with RBC Bank and he recalls in the Pegasus Society, vividly how one professor helped which recognizes loyal S O C I E T Y him get the financial education donors who make he needed to get where he is today. “Naval consecutive gifts each year to the UCF Annual Modani…I remember that guy. I had always Fund. Donors in the society are recognized after heard about him. Finance majors said he was two years of consecutive giving, again after five tough. The first day he told us, ‘I know you’ve years, and every five years thereafter. all heard stories about me and the truth is I will “Larger gifts like capital donations and challenge you.’ I never finished one of that guy’s endowments may receive more publicity, but tests.” consecutive gifts to the Annual Fund are every Madoni’s class was tough, but the challenge bit as important,” said Jeff Snow, assistant vice made Patrick a better job candidate. “When I president of annual giving. “Most endowment started as a credit and financial analyst. MBAs and capital gifts are restricted to a specific from Rollins and Stetson asking me for help. I area. Annual gifts provide a stable source of was better prepared because of Modani’s realdiscretionary funding for current operations that world approach.” allows the university to target resources where it’s most urgently needed.”

Now a pharmacist in North Carolina, Joanie remembers how her UCF education, and the help of one faculty member in particular, allowed her to pursue her career. “I have nothing but fond memories of UCF and I think of Dr. Budd Berringer often. He spent a lot of time advising me. He really helped me decide that pharmaceutics was the right career.”

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UCF Faculty & Staff Campaign

Impacting UCF From Within The buildings you see on campus are funded by donations from numerous sources, including UCF’s own faculty and staff members. The UCF Faculty & Staff Campaign encourages

employees to make a tax-deductible gift to the program of their choice—and make an impact from within.

Since it was piloted three years ago, the program has spread from the College of Engineering and Computer Science to 22 other areas on campus.

It now runs each spring, starting with a kick-off breakfast where goals are announced. The 2009 campaign was very successful, raising $264,000 in gifts and pledges.

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

“There are more than 400 accounts in the UCF Foundation that someone can give to, and the focus of this is giving to an area of interest,” said Melissa Isler, assistant director of Annual Giving. “You can hone in on something like the Burnett School of Biomedical Sciences and their diabetes research—something that’s really specific—or something that’s more of an umbrella gift.”

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One example of the campaign’s success is the Performing Arts Center, to which many faculty and staff donated. The funds for the center are matched by the Alec P. Courtelis Challenge Grant Program, which was instituted by the state of Florida to help universities build high-priority instructional and research-related capital facilities.

Following legislative approval, the program matches gifts designated for facilities dollar-for-dollar.

Departmental scholarships are another area to which faculty and staff donated.

Through the campaign, the history department added new funds to the Richmond I. Barge Scholarship Fund,

which was established in the 1970s. A retired faculty member contacted Barge’s widow, Elizabeth, who was so moved by their generosity that she matched the funds donated by the faculty and staff. Since then, the fund has awarded $500 scholarships to five students.

Dr. John Sacher, associate chair of the department, emphasizes the value of scholarships and why it was important for the department to get involved. Dr. Sacher also believes community members will follow the example of faculty and staff.

“At UCF, there are far too many deserving students than we have money to provide for,” he said. “It is important to create a culture of giving here at UCF, because I do think that all faculty members have some aspect of the university that they feel is important,” said Dr. Sacher.

“We really focus on this as a peer-to-peer campaign,” Melissa. “We want packets to be personally delivered in each college.”

Gifts can be made through a $2 or more payroll deduction or in a lump sum, and more than one area can be designated to receive a gift.

“As an alum, it speaks volumes to me to see the immediate impact the gifts have on UCF, and to know that the students and faculty really benefit from this type of campaign,” said Seth Watts, coordinator of annual giving. “It’s a great opportunity to help not just one area, but the whole campus.”

From top (clockwise): Harris Corporation Engineering Center, rendering of the UCF Performing Arts Complex (north elevation), rendering of the UCF Performing Arts Complex (performance hall interior), and the UCF Recreation & Wellness Center.

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Endowment Funds

Endowed funds permanently enhance the university.

They generate a steady stream of income while leaving

the principal untouched, making it possible for UCF to

provide scholarships for students, recruit the best faculty and generate cutting-edge research.

UCF Endowment Funds 2008-2009 Total Donations [as of 6.30.09]

Market Value [as of 6.30.09]

21st Century World Class Scholars Endowed Chair in CECS

1,000,000

736,972

21st Century World Class Scholars Endowed Chair in Optics and Photonics

1,000,000

736,972

0

630,000

612,040

36

60,010

44,700

0

Fund Name

ABC Fine Wine & Spirits Undergraduate Scholarship Endowment ABC Fine Wine and Spirits Endowed Scholarship

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

0

42,587

38,503

4,051

Accounting Advisory Board Endowed Scholarship

159,130

142,148

48,836

Accounting Advisory Board Faculty Development Fund

100,900

79,248

15,811

Accounting Advisory Board Research Support Fund

342,629

286,245

46,072

Agere Systems Eminent Scholar Chair of Computer Science

1,020,000

870,990

82,060

Al and Nancy Burnett Eminent Scholar Chair in Accounting

1,020,500

1,325,510

25,408

20,090

16,050

0

195,679

170,191

48,003

28,045

27,273

76

5,050

5,185

83

Abram W. And Mollie M. Lefkowitz Scholarship

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Spendable Balance 2008-2009

Alan E. and Amy L. Clampitt Holsenbeck Women's Basketball Endowed Scholarship Alex Alexander Endowed Professorship Alexander L. Adams Endowed Scholarship for Meritorious Students Allen and Gertrude Marcus Book Endowed Scholarship Alumni Quasi Endowed

438,865

0

0

Alumni Trust "A"" Endowment"

150,000

143,580

1,008

Alumni Trust "B"" Endowment"

150,000

158,790

5,424

Alumni Trust "C"" Endowment"

150,040

145,907

1,853

Alumni Trust "D"" Endowment"

151,167

128,476

5,539

Alumni Trust "E"" Endowment"

71,587

59,640

2,636

8,611

7,440

1,687

Amy G. Buchman '95 Memorial Endowed Scholarship

21,948

21,318

2,851

Amy Kuritar Lohrmann Memorial Endowed Scholarship

38,910

31,907

1,082

Anheuser Busch Academic Enhancement Fund

750,000

606,571

87,519

Anna Fertic Endowed Scholarship

100,000

83,050

755

43,222

52,041

13,547

Alvin Lehman Endowed Scholarship

Arab American Community Center Kamal Marchi

Total Donations [as of 6.30.09]

Market Value [as of 6.30.09]

10,905

20,430

12,591

150,000

119,998

24,581

1,000

972

0

Armacost Pet-Armacost Operations Research Endowment

11,283

10,452

492

Arman Gelenbe Endowed Scholarship Fund

11,500

8,999

1,547

Arnold Haverlee Exploration Award Endowed Scholarship Fund

10,000

7,832

1,724

Arthur and Sally Hillman Computer Science Graduate Fellowship

299,069

234,217

33,893

AT&T Wireless Endowed Scholarship

150,000

117,507

18,771

25,975

31,237

2,882

200,503

158,631

34,614

Fund Name Arboretum Endowment Fund ARDA Timeshare Professorship Armacost Pet-Armacost Endowment Fund for IEMS

B. Joseph Teneriello Scholarship Endowment Bank of America Scholarship Award Fund Barbara Cooper Endowed Tennis Fund Barbara Fowler Hoff Endowed Nursing Scholarship BE 2000 Leadership Endowed Scholarship Fund Beardall Baseball Scholarship Endowed Beat M. and Jill L. Kahli Endowed Chair in Oncology Nursing Berman Hopkins Wright and LaHam Endowed Scholarship Bert Fish Eminent Scholar Chair In Nursing

Spendable Balance 2008-2009

18,000

17,460

0

100,000

73,697

0

1,063,996

1,085,796

144,724

16,319

15,251

0

480,000

388,963

0

25,000

27,188

0

1,020,000

883,184

23,848

Beth Juge Memorial Fund

11,675

9,924

2,868

Betty Kernodle Memorial Endowed Scholarship

23,826

23,853

1,551

Bill and Ksenia Merck Endowed Scholarship

13,100

10,473

679

Blue Cross and Blue Shield of Florida Endowed Professorship in Nursing

300,000

245,334

51,278

Boardman Endowed Professorship in Environmental Studies for Public Administration

151,500

213,462

56,433

Bob Neel Rotary Club of Orlando Endowed Scholarship

187,500

147,656

10,710

25,000

30,026

850

100,000

76,949

4,624

Book-A-Year Clubs Endowed

14,578

21,626

6,248

Borcheck and Gase Endowed Scholarship Fund

27,500

26,675

425

9,670

7,710

0

Buell Duncan Endowed Scholarship

15,887

22,534

856

Buhr Graduate Endowed Scholarship

52,893

41,910

1,738

Burnett College of Biomedical Sciences Endowment

12,500

12,125

0

Burns And Reese Roast & Toast Endowed Scholarship

11,000

15,083

6,457

Bob Snow Roast & Toast Scholarship Endowed Bond Foundation Inc. Endowed Scholarship

Brumbaugh Legacy Fund

7,000

6,940

0

Business Ethics Endowed Scholarship

145,000

114,927

2,565

C.G. Avery Professorship Endowment

151,430

175,891

12,177

CAE Link Endowed Professorship

180,000

194,887

52,021

1,000

3,517

833

1,000,000

1,457,515

180,115

Carol J. Barr Endowed Scholarship

11,889

12,032

450

Carson Alan Swingle Helping Heart Memorial

35,290

26,855

391

Burt Szabo Endowed Scholarship

Capital Campaign Engineering Endowed Chair Carl H. Galloway, Jr. Chair for Excellence in Business

CBA Department of Management Endowed Faculty Development Account CBA Department of Marketing Endowed Faculty Development Account Center for Economic Education Endowment Central Florida Chapter ROTC Endowed Scholarship

35,000

27,595

3,838

164,672

130,298

14,093

77,810

86,436

45,182

150,075

133,894

24

40,000

31,802

0

Central Florida Hotel Lodging Association Professorship

159,000

182,062

45,207

Central Florida Kidney Center Endowed Scholarship

Central Florida Hotel and Lodging Association Academic Excellence Endowed Fund

150,000

121,549

7,016

Central Florida Research Park Quasi Endowed

25,000

39,444

11,522

CFP Physicians Group Advanced Practice Nursing Endowed Scholarship

22,750

22,068

0

Chapter 4 of Florida Restaurant Association Endowed Fund

36,350

33,075

14,232

Charles and Frances Millican Endowed Scholarship

30,973

24,007

3,065

Charles and Francis Millican Valencia Community College Scholarship

15,000

14,550

0

8,258

8,031

0

Charles E. Nuckolls Endowed Scholarship

15

Endowment Funds

Fund Name

Spendable Balance 2008-2009

1,190,700

234,593

Christ the King Episcopal Church Endowed Scholarship Fund

21,407

24,423

884

Christine Franke Endowed Memorial Scholarship Fund

10,062

8,656

11

Cisney Latin Prize Scholarship Endowment

39,313

58,710

9,840

248,466

215,683

102

6,258

7,777

1,842

Citrus Golf Tournament Scholarship Endowment Class of 1970 Endowment

37,414

29,273

1,950

1,081,500

1,089,041

79,495

Coca Cola Scholarship Endowed

50,000

45,496

0

COHPA Endowed Memorial Scholarship (Quasi)

19,000

16,244

1,724

College of Business Administration Alumni Chapter Scholarship Fund

56,978

44,019

500

College of Business Administration Endowed Entrepreneurship Fund

40,000

33,697

7,206

Clayton R. Ford Endowed Scholarship in Banking and Finance Cobb Family Eminent Scholar Chair

10,971

8,664

481

105,000

85,343

1,811

Colonel Mike Murdock USMC Endowed Scholarship

12,925

11,210

829

Computer Science Programming Team Endowment

80,865

63,587

41,096

Construction Engineering and Management Endowment

32,000

23,745

106

Conway Garden Club Endowed Professorship Fund

150,000

127,063

8,064

Cora Shaw Jenkins Memorial Endowed Scholarship

10,290

9,062

1,730

5,092

5,983

0 545

College of Engineering and Computer Science Staff Appreciation Fund College Park Communities Endowed Scholarships

Criminal Justice Legal Memorial Quasi Endowed Scholarship

11,328

9,456

Cross, Fernandez & Riley, LLP Endowed Scholarship

15,000

14,550

0

7,102

10,463

3,023

D.F. Newnham Scholarship Endowment

10,507

9,297

22

244,687

191,890

25,427

Darden Chair in Restaurant Management

1,020,000

1,163,310

0

Darden Restaurants Academic Excellence Fund

4,000,002

3,259,986

804,586

Dan Conn ROTC Memorial Scholarship Daniel D. Hammond Engineering Endowed Scholarship

Darden Restaurants, Inc. Communications Scholarship David F. Scott Finance Doctoral Student Dissertation Fund David R. Jenkins Memorial Endowed Scholarship

15,000

11,749

403

100,000

72,951

3,115

26,050

26,511

0

45,000

35,845

6,489

David T and Jane M Donaldson Perpetual Scholarship Memorial Endowed Fund

310,479

316,219

0

Davis-Shine Endowed Professorship in Conservation Biology

150,000

127,063

0

Deans in Search of Excellence Fund

298,831

470,127

40,003

1,000,000

1,093,997

43,606

David R. Klock Endowment for Counselor Education

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Market Value [as of 6.30.09]

1,000,000

Charles N. Millican Chair of Computer Science

Corporate Cup Golf Endowed Scholarship

16

Total Donations [as of 6.30.09]

Della Phillips Martha Schenck Chair of American Private Enterprise Department of Finance Faculty Development Endowment Devos Endowment for Academics and Sports DeVos Orlando Magic Sport Business Management Endowed Scholarship Fund DeVos Sport Business Management Program Endowed Fund Diane and Lawrence Wink Endowed Nursing Scholarship Dick and Shirley Wetherill Endowed Music Scholarship Dick Pope Tourism Institute Endowment Distinguished Alumni Endowed Professorship in Business Ethics Division of Graduate Studies Endowed Fellowship Fund

25,600

24,902

0

10,000,000

7,656,060

10,445

150,000

119,636

5,283

5,000,025

3,920,532

830,744

25,554

19,968

115

242,699

191,835

51,501

64,611

163,907

164,183

600,000

475,854

29,100

48,550

36,236

91

Doll Collectors Guild Scholarship Endowed

17,100

18,918

5,530

Doris H. Lester Endowed Merit Scholarship

150,000

109,863

9,929

Dorothy Anne Perkins Tomlinson Endowed Scholarship Fund

150,000

118,168

2,505

11,107

9,555

930

400,000

315,013

0

Dr. Austin L. Grogan Endowed Engineering Scholarship

10,629

10,257

1,442

Dr. Ed Norman Graduate Award for Excellence in Math

1,850

1,795

873

Dr. Fred Fedler Endowed Communications Scholarship

19,000

14,799

93

7,287

7,370

815

Douglas Rudy Memorial Endowed Scholarship Dr Phillips Endowed Scholarship Fund

Dr. Gale Sperry Music Endowed Scholarship

Fund Name

Total Donations [as of 6.30.09]

Market Value [as of 6.30.09]

Spendable Balance 2008-2009

1,600

1,552

485

Dr. Marilyn W. Whisler Scholarship and Music Program Endowment

36,200

26,900

2,401

Dr. Milan D. Meeske Memorial Endowed Scholarship

29,520

23,410

8,700

1,020,000

766,392

20,166

Dr. Jean C. Kijek Doctoral Student Endowed Scholarship

Dr. Neil Euliano Endowed Chair in Italian Studies Dr. O. M. Budd Berringer Pre-Health Professionals Endowed Scholarship Dr. P. Phillips Institute for Research and Education in Real Estate Dr. P. Phillips Scholarship Endowed Dr. Pattisapu R.J. Gangadharam Endowed Fund for Hydrocephalus Research

11,000

10,670

194

1,780,000

1,315,942

41,370

70,085

60,511

0

187,500

145,212

0

1,020,000

809,659

57,547

Dr. Phillips Institute for the Study of American Business Activity

308,600

582,322

22,630

Dr. Rudy Wodzinski Memorial Endowed

8,310

Dr. Phillips Eminent Scholar Chair in Real Estate

130,587

104,506

Dr. Solomon D. Klotz Memorial Endowed Scholarship

10,313

9,001

2,487

Edmond R. and Victoria Wirths Endowed Scholarship

267,589

209,555

35,319

Elizabeth Morse Genius Foundation Endowed Scholarship

300,000

229,657

0

Elizabeth Willey Scholarship Endowment

150,200

134,687

108

14,000

13,580

0

Ernst and Young Professorship Endowment

154,549

207,426

25,871

Estate of Janis Lorraine Academic Excellence Endowed Fund

100,000

104,857

0

45,978

41,823

0

Florida Hospital Program Endowment

1,750,341

1,516,778

146,715

Florida Photonics Center of Excellence Endowed Eminent Scholar Chair in Biophotonics

1,000,000

972,472

54,449

Florida Photonics Center of Excellence Endowed Eminent Scholar Chair in Nanophotonics

1,000,000

853,674

0

Florida Photonics Center of Excellence Endowed Professorship

1,000,000

853,674

107,448

Frances R. Lefkowitz Endowed Scholarship

43,377

36,938

7,458

Frances Townes Endowed Fellowship

38,774

33,065

0

152,000

148,837

24,783

Fraternal Order of Police Scholarship Endowment

10,000

14,193

1,781

Frontier Civitan Club Endowed Scholarship Fund

15,000

11,300

30

FSEC Quasi Endowed

85,000

99,076

28,625

Endowed Chair in Transportation

Fallen Knight Memorial Scholarship Endowed

Frank M. Hubbard Engineering Endowed Scholarship

151,819

119,352

0

FWEA Central Florida Chapter Gabe Delneky Endowed Scholarship

12,935

12,547

2,000

Gabor Agency Inc. Awards Fund

34,163

43,691

3,952

Fullerton Family Fund Endowed

480,421

430,723

99

George and Geraldine McCurry Scholarship Endowment

15,220

11,985

2,189

George Desalvia Memorial Endowed Scholarship

39,150

33,107

970

5,300

5,211

0

47,313

38,588

3,871

152,493

114,471

859

10,000

7,832

1,714

Galloway National Merit Scholarship Endowment

George F. Schrader Endowed Scholarship Fund Geotechnical and Environmental Endowed Scholarship Gerald R. Langston Endowed Scholarship Geraldine P. Hannah Memorial Endowed Scholarship

150,000

125,278

12,937

Gladys Cisney Trismen Scholarship Endowment

88,148

77,258

136

Gordon Paul Marketing Scholarship

14,960

18,343

631

Gould Family Graduate Nursing Endowed Scholarship

25,000

25,462

0

Harold Green Teacher Education Scholarship Fund

35,000

27,804

6,883

Harris and Trisha Rosen Endowed Fund

2,170,000

1,766,234

189,559

Harris and Trisha Rosen Endowed Fund

2,170,000

1,598,804

11,863

150,000

119,982

21,119

Harrod Scholarship Endowment

15,000

26,663

7,703

HDR/FACERS Endowed Scholarship

25,000

19,797

0

Heather Scaglione Memorial Endowed Scholarship

14,050

11,844

17

575,000

430,365

0

22,087

17,325

1,577

Gerry and Ruth Hartman Endowed Professorship

Harris Corporation Broadcast Center Endowment Fund

Helene Fuld Health Trust Scholarship Fund for Baccalaureate Nursing Students End Henri Landwirth Heart of UCF Lead Scholarship

17

Endowment Funds

Fund Name HFTP Financial Management and Technology Professorship Endowed Fund Horacio A. Fasce Endowed Scholarship Hospitality and Travel Industry Education and Research Program

120,660

Spendable Balance 2008-2009

18,128

11,000

8,706

2,156

6,000,000

4,697,791

1,159,356 0

95,000

93,053

150,000

118,404

0

Hughes Simulation Systems Professorship

180,000

243,478

71,097

Hydrocephalus and Neuroscience Endowed Fund

182,501

136,695

1

5,075

3,976

840

Ira Vinson Henderson Endowment

25,000

19,730

4,759

Irene Farrell Pynn Endowed Communications Scholarship

19,818

16,036

3,656

Irene Langer Wilson Endowed Scholarship

14,344

13,486

332

IST Endowment

99,438

92,423

5,893

Italian Studies Program Fund

39,675

31,020

4,949

6,035

5,201

1,940

Ivan and Fern Lefkowitz Graduate Endowed Scholarship

22,508

21,832

0

J. Gary Wolf Endowed Piano Scholarship

15,707

12,841

3,042

J. Paul Hartman Scholarship Fund

11,895

10,236

2,130

150,000

118,213

10,885

Infrastructure Professorship

Iva Kitchell Memorial Endowed Voice Scholarship

J. Willard and Alice S. Marriot Foundation Academic Excellence Fund

10,399

8,567

0

600,000

541,480

71,148

20,000

17,214

5,683

5,468

5,013

403

25,000

18,465

0

150,000

123,433

0

James and Diana Barnes Endowed Scholarship

25,000

32,553

81

James Carlton Dockeray Scholarship

23,615

30,365

3,436

2,550

3,676

320

Jennifer L.Diggle Memorial Endowed Scholarship

10,000

7,833

1,017

Jeno Paulucci Roast & Toast Endowed Scholarship

16,297

14,136

2,358

Jentes Scholarship Endowment

41,183

51,544

7,606

792,000

652,708

0

27,434

36,559

842

J.C. Cain II Memorial Endowed Scholarship

Jack Jennings Endowed Scholarship Jack Williams Memorial Endowed Scholarship Jallad Family Endowed Scholarship James and Annie Ying Eminent Scholar in Biology Program Endowment

Jean C. Combs Endowed Scholarship

Jim Heistand NAIOP Eminent Scholar Endowed Chair in Real Estate John T. Washington Memorial Endowed Scholarship

46,013

35,809

848

John Cameron Aspley Memorial Endowed Scholarship

155,265

182,728

13,742

John L. Brinson Endowed Scholarship

101,000

92,776

7,550

John L. Brinson Ethics Professorship

50,520

63,950

31,039

John L. Mica Public Service Scholarship Fund

26,775

23,835

1,182

John and Mary Ellen Upperco Endowed Scholarship Fund

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

150,000

Market Value [as of 6.30.09]

Hubbs Sea World Endowed Professorship

Hubbard Engineering Athletic Scholarship Endowed

Jack D. Holloway Endowed Scholarship

18

Total Donations [as of 6.30.09]

Fund Name John R. Quello Endowed Music Scholarship

Total Donations [as of 6.30.09]

Market Value [as of 6.30.09]

Spendable Balance 2008-2009

7,052

6,071

875

0

3,690

1,345

Jonathan Mednick Memorial Endowment for the Community Documentary Project of the Zora Neal Hurston Institute for Documentary Studies at the University of Central Florida

11,000

8,217

736

Judith A. Johnson Memorial Endowed Scholarship Fund

11,852

10,202

30

Judith G. Thames Scholarship Fund

32,645

25,546

977

John Russell Williams Endowed Scholarship

144,580

124,698

27

June S. Stillman Memoeial Endowed Scholarship

35,786

28,050

2,298

Karl H. Guenther Endowed Chair in Thin Film Optics

10,000

10,777

623

Kendall Shaye Herndon Endowed Scholarship

53,538

42,065

3,070

Kenneth "Pete"" Fisher Endowed Scholarship"

22,711

18,022

2,109

Kenneth and Ruth Bradley Management Scholarship

25,000

25,437

0

Kenneth E. Kiefer Endowed Engineering Scholarship

27,675

21,914

1,030

5,020,500

4,075,743

254,643

Kimball Foundation Minority Scholarship Endowment

152,300

137,579

38

KPMG Peat Marwick Professorship Endowment

172,875

165,567

12,556

Kurdish Political Studies Endowed Chair

600,001

459,315

0

Lampp Scholarship Fund

682,045

664,789

40

Langford Family Foundation Endowed Scholarship Fund

169,545

129,806

6,871

6,320

5,520

1,362

Julia B. Beensen Scholarship Endowment

Kenneth G. Dixon School of Accounting Endowment Fund

Lawnie E. A. Burke Endowed Scholarship Legacy Soccer Lever Brothers Endowed

10,000

9,043

0

Leinbach Memorial Endowed

26,904

28,277

8,170

106,779

79,075

0

Leslie M. Gross Endowed Scholarship

35,175

32,676

3,711

Lester Mandell Scholarship

15,125

15,878

2,023

Library Quasi Endowment

20,400

26,533

7,604

Library/Friends Quasi Endowment

35,000

27,250

3,276

243,794

238,531

8,150

1,758,835

1,553,342

290,339

40,000

74,471

38,929

Lockheed Martin Professorship in Engineering

150,000

191,763

20,038

Lockheed Martin St. Laurent Professorship

160,000

218,961

1,617

Lockheed Martin T-Mast Endowment

677,500

521,421

52,445

Lois Holt Enrichment Endowment

55,000

53,202

15,177

Lou Frey Symposium Endowed Fund

28,911

21,525

2,129

162,903

131,093

33,327

10,801

13,087

522

Leonard T. (Pat) Murphy Scholarship Fund

Licensing Revenue Quasi Endowed Scholarship Lockheed Martin Eminent Scholar Chair of Science and Math Lockheed Martin Lecture Endowment

Lucia C. Cooke Endowed Music Scholarship Lucius Littauer Foundation Endowment

19

Endowment Funds

Fund Name

Spendable Balance 2008-2009

114,680

79,611

63,523

0

6,870

9,741

5,272

Margaret M. Samet Memorial Endowed Scholarship Fund

32,000

27,013

38

Margaret S. Gerow and Daniel J. May Endowed Scholarship

25,940

22,978

1,548

242,649

191,691

7,272

Marisa Gennaro Memorial Scholarship

37,284

31,178

0

Marjorie Tyler International Endowed Scholarship

76,000

69,390

8,293

Mark Dogoli Endowed Scholarship

32,481

25,376

1,932

Marlene Richmond Memorial Scholarship Fund (Quasi)

10,712

9,258

95

Martin Andersen Scholarship Endowment

39,750

47,370

0

Marty Wanielista Endowed Scholarship

47,050

37,451

5,696

Mary Fleigh Mackoul Endowed Fund

67,503

52,091

8,191

Mary G. Hitt Endowed Scholarship

35,445

28,000

2,354

Mary P. McNamara Scholarship Endowment #1

150,000

135,764

20

Mary P. Mcnamara Scholarship Endowment #2

150,000

118,526

3,602

10,075

7,958

1,879

Manny Rodriguez '75 Fairwinds Alumni Center Endowment Marc Pores Endowed Music Scholarship

Margaret Scott Brown Memorial Endowed Music Fund

Mary Page O'Connell Memorial Endowed Scholarship Mary Palmer Arts Education Distinguished Lecture Endowed Fund McArdle Graduate Assistantship in Real Estate

5,779

26,535

20,737

0

150,000

112,600

1,828

16,096

15,613

0

150,000

149,201

538

1,020,000

804,314

112,383

14,000

11,031

876

572

555

0

Moss Family Endowed Scholarship Fund

594,891

475,841

21,107

NAIOP Jim Brown Endowed Real Estate and Business Ethics Scholarship

204,100

161,585

8,915

1,487

2,359

425

50,450

42,546

10,533

Mid-Florida Home Builders Scholarship Endowment Mildred W. Coyle Eminent Scholar Endowed Chair Miller, Seller, Conner and Walsh Endowed Scholarship Morgridge Center for Reading Endowed Operational Fund

Nalanda Scholarship Endowment Nannette McLain Scholarship

214,743

291,333

28,631

4,000,004

2,917,550

164,339

Orlando Sentinel Endowed Scholarship

252,500

185,670

7,264

Orlando Shakespeare Theater Endowment in Playwriting

650,000

493,148

3

Overstreet Foundation Scholarship Endowment

69,200

63,213

22

Painters Union #1010 Endowed Scholarship

23,712

20,245

616

Patricia T. Barnes Memorial Endowed Scholarship

35,080

27,514

2,675

Patrick McMahan Memorial Scholarship Fund

17,928

14,023

454

5,387

5,277

0

Phoenix Endowed Scholarship

63,500

49,150

8,638

Polymer Science Lecture Series and Student Fellowship

23,075

19,123

3,760

Pop Reddick Hospitality Management Scholarship

16,021

23,166

3,645

President's National Merit Scholarship Endowment

27,273

23,748

1,376

Price Waterhouse Professorship Endowment

63,945

72,353

25,204

Northrop Grumman Scholarship Fund (Formerly Litton Scholarship End) Orange County Convention and Visitors Bureau Endowed Chair

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

Market Value [as of 6.30.09]

155,000

Mackay Early Childhood Education Program

Michael C. Hynes Lockheed Academy

20

Total Donations [as of 6.30.09]

Paul W. Leinbach Library Enrichment Endowed

Professor James K. Beck Endowed Scholarship Progress Energy Endowed Scholarship Purish Family Endowed Scholarship Fund R. Glenn Hubbard Student Research Award Endowment

32,550

25,054

385

151,500

186,891

46,024

8,050

7,845

0

25,000

18,587

1,900

70,200

63,440

700

Renee M. Keller Endowed Nursing Scholarship

110,000

86,226

5,346

Richard A. VanTine Endowed Scholarship Fund

16,000

15,520

0

Rear Admiral Alene Duerk VNA Endowed Scholarship

Richard Nunis Eminent Scholar Chair in Lifestyle Medicine Endowed Richard T. Crotty Orange County Endowed Chair Roast & Toast Scholarships Endowed Robert D. Martin Endowed Lectureship

172,500

139,114

0

1,020,000

844,373

153,535

285,984

242,494

19,813

10,840

8,494

2,129

Fund Name Robert E. and Elisabeth S. Carey Memorial Endowment Robert Malkin Endowed Scholarship

Total Donations [as of 6.30.09]

Market Value [as of 6.30.09]

Spendable Balance 2008-2009

338,343

267,218

23,973

12,840

10,564

6

1,020,570

863,261

98,042

287,279

220,862

12,349

Rotary Club of Kissimmee Endowed Scholarship

20,000

15,548

1,869

Rotary Club Of Winter Springs Endowed Scholarship

11,090

9,584

1,237

Sadler National Merit Scholarship Endowment

675,000

533,823

75

SAIC Endowed Professorship

150,000

123,442

19,790

25,000

20,924

225

4,255

5,248

3,258

700,025

559,875

4,878

45,400

36,742

12,550

Robert N. Heintzelman Eminent Scholar Endowed Chair Fund Robertson Student Support Fund

Sarah Phillips Endowed Nursing Scholarship SESRA Endowed Scholarship Skura Family Endowed Freedom Scholarship Society for Information Management (SIM) Endowed Scholarship Solid Waste Management Scholarship Sonny's Endowment for the President's Scholars Program State Farm Insurance Scholarship Endowed Suchoski Graduate Endowed Fellowship Endowed Scholarship Sunshine Chapter Army ROTC Endowed Scholarship

39,250

30,991

4,326

150,000

116,975

13,854

48,104

49,642

0

300,000

255,475

27,822

28,000

20,607

1,866

1,020,000

1,455,803

0

Sylvia Cohen Endowed Scholarship for First Generation College Students

125,000

136,157

0

Tess and Abe Wise Endowed Professorship in Judaic Studies

157,176

134,159

9,828

The Al Ghazali Endowed Distinguished Professorship in Islamic Studies

690,543

575,440

0

SunTrust, NA Eminent Scholar Chair of Banking

The Anil and Chitra Deshpande India Program Endowed Fund The Chatlos Foundation Endowed Fund

100,000

76,552

0

1,020,000

806,192

247,394

35,500

27,556

3,811

The Judith and David Albertson Endowed Eminent Chair

480,000

377,409

0

The Lester Mandell Endowed Scholar Chair in Ethics

615,100

501,710

0

The Morcom Family Endowed Scholarship

25,000

19,237

0

The UCF Women's Club Endowed Graduate Scholarship

46,923

36,909

252

The Wetherell Family Scholarship Fund Endowed

39,438

34,175

6,728

2,000

1,961

0

22,987

18,314

4,177

The Harvey L. Gaines Memorial Expressway Authority Endowed Scholarship

The Zamora Family Endowed Scholarship Thomas and Lori Cleary Endowed Scholarship Toni Jennings Exceptional Educational Institute Tony and Sonja Nicholson Endowment for the Nicholson School of Communication

22,616

19,100

4,920

1,767,795

1,340,764

106,605 0

800,000

583,443

Torchy Clark Endowment for Physical Education and Sports Leadership

24,205

23,479

0

Town & Gown Council Scholarship Endowment

43,914

40,850

9,740 2,667

Toohey Housing Endowed Scholarship

20,000

15,665

Trevor Colbourn Anthropology Endowment

213,000

291,795

0

UCF College of Engineering and Computer Science Alumni Chapter Scholarship Endowment

264,471

207,104

25,421

Trevor and Beryl Colbourn Endowed Scholarship

UCF Downtown Scholarship Endowment Fund (Quasi) UCF History Endowment Fund UCF Rugby Endowed Fund

11,743

10,155

3,007

150,083

119,049

8,641

10,052

9,728

0

266

266

0

UCF Women's Club Scholarship Endowment

106,852

87,717

10,520

Universal Orlando Foundation Academic Excellence Fund

500,001

413,736

22,180

University Club of Orlando Lead Scholarship #2

217,500

182,636

14,258

University Club of Orlando Lead Scholarship Endowment #1

150,000

131,883

9,255

Unrestricted Endowment

612,233

530,537

0

Unrestricted Quasi Endowment

150,282

130,308

0

10,000

7,837

1,608

UCF Student Government Association Alumni Chapter Endowed Scholarship

USBI Company Endowed Scholarship VIP Golf Tournament Scholarship Endowed Virginia Bingham Endowed Scholarship

22,797

21,169

0

100,000

73,008

0

21

Endowment Funds

Fund Name

Spendable Balance 2008-2009

177,082

1,394

84,287

74,178

3,467

1,760,002

1,371,987

129,213

300,000

236,472

23,675

Walt Disney World Leadership in Accounting Endowed Scholarship

25,000

25,462

0

Westinghouse Scholars for Minority and Women

50,000

57,653

3,000

Whalen Family Trust Engineering Scholarship

10,000

16,113

2,131 18,210

W.N. McGeoch Endowed Scholarship Walt Disney World Academic Excellence Fund Walt Disney World Co. Ride and Show Engineering Scholarship

150,000

122,830

1,003,594

977,527

16,957

William C. Schwartz Graduate Research Fellowship

161,249

139,424

15,907

William H. and Susan S. Crouse Endowed Professorship in Entrepreneurship

250,000

226,013

0

Wharton Smith Group Endowed Professorship William S. and Alice M. Jenkins Eminent Scholar Chair of Community Arts

10,357

7,793

1,041

156,498

134,657

25,487

William S. Byers Student Excellence Awards

15,047

11,332

534

Winter Park Garden Club Endowed Scholarship

43,112

34,292

5,037

Winter Park Memorial Hospital and Auxiliary Nursing Endowed Scholarship

35,600

29,572

34 3,379

William K. Grasty Memorial Communications Scholarship William L. Bryant Endowed

Winter Park Sidewalk Art Festival Scholarship Women's Athletic Scholarship Endowment

Yousef A. Yousef Endowed Fellowship

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

Market Value [as of 6.30.09]

222,250

Vivian and Barry Woods Educational Endowment

Women's Studies Endowed Scholarship

22

Total Donations [as of 6.30.09]

24,645

19,913

127,855

115,422

0

8,000

8,463

4,118

12,352

12,692

2,227

107,729,495

91,951,006

8,399,957

23

UNIVERSITY OF CENTRAL FLORIDA FOUNDATION, INC.

Financials

(A Discrete Component Unit of the University of Central Florida) STATEMENTS OF NET ASSETS JUNE 30, 2009 2009

2008

Assets Current assets:

$19,966,922

$15,004,713

27,283,439

19,474,226

Investment interest and other receivables

157,041

381,054

Due from related parties

208,871

841,526

6,167,711

8,190,454

Cash and cash equivalents Investments

Pledges receivable, net Prepaid expenses and other assets Total current assets

812,353

781,819

54,596,337

44,673,792

Noncurrent assets:

1,909,307

14,269,062

93,082,266

112,119,875

Pledges receivable – net

5,352,163

7,354,441

Beneficial remainder trust

1,392,129

1,318,065

460,628

451,950

Cash and cash equivalents Investments

Prepaid expenses and other noncurrent assets Property and equipment – net Rental and other property – net Total noncurrent assets Total assets

883,852

255,273

75,196,482

74,831,333

178,276,827

210,599,999

232,873,164

255,273,791

$1,229,745

$1,401,072

8,018,487

2,163,643

291,908

197,542

4,420,002

14,823,489

liabilities and net assets Current liabilities:

Accounts payable and accrued expenses Due to related parties Scholarship liability Long-term liabilities – current portion: Notes payable Deferred revenue Annuity obligations

U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

Compensated absences

24

Total current liabilities

555,111

36,316

57,990

57,990

20,916

19,397

14,594,159

18,699,449

31,123,179

23,415,764

Noncurrent liabilities:

Notes payable

444,525

—

2,210,882

2,212,559

Annuity obligations

485,897

513,072

Compensated absences

277,883

257,700

16,207

12,679

Total noncurrent liabilities

34,558,573

26,411,774

Total liabilities

49,152,732

45,111,223

43,645,277

41,910,270

19,682,357

49,726,000

106,704,925

103,706,190

Due to related parties Deferred revenue

Deposits

Net assets

Invested in capital assets – net of related debt Restricted: Expendable Nonexpendable endowments Unrestricted: Total net assets Total Liabilities and Net Assets

13,687,873

14,820,108

$183,720,432

$210,162,568

UNIVERSITY OF CENTRAL FLORIDA FOUNDATION, INC. (A Discrete Component Unit of the University of Central Florida) STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS YEARS ENDED JUNE 30, 2009 2009

2008

$8,350,583

$14,099,080

(23,233,840)

(10,699,468)

10,978,551

10,800,581

3,669,042

4,772,438

Dues and other revenues—net

871,190

2,425,564

Advertising and royalties

634,443

1,824,223

License plate proceeds

375,656

344,300

1,645,625

23,566,718

11,498,131

21,014,944

Building operations

6,087,677

6,858,721

Fund-raising

2,920,230

3,672,634

Student aid

2,025,306

4,289,466

Athletics

3,131,624

4,419,415

Management and general

4,486,729

4,157,913

Alumni relations

2,737,605

3,004,059

General university support

1,621,868

1,902,261

441,160

663,879

OPERATING REVENUES:

Contributions (net of provision for uncollectible pledge receivables of $347,503 and $2,928,165, respectively) Net realized and unrealized gains on investments Rental Income Interest and dividends

Total operating revenues

OPERATING EXPENSES:

Academic support

Research Property held-for-sale Total operating expenses

OPERATING LOSS NONOPERATING REVENUES—University support TRANSFERS—Defeasance of debt—transferred to UCFAA LOSS BEFORE ENDOWMENT CONTRIBUTIONS

—

—

34,950,330

49,983,292

(33,304,705)

(26,416,574)

3,300,104

3,389,999

615,860

—

(29,388,741)

(23,026,575)

2,946,605

10,812,320

CHANGE IN NET ASSETS

(26,442,136)

(12,214,255)

NET ASSETS—Beginning of year

210,162,568

222,376,823

$183,720,432

$210,162,568

ENDOWMENT CONTRIBUTIONS

NET ASSETS—End of year

A copy of the audited financial statements can be obtained by writing to the UCF Foundation, Inc., 12424 Research Parkway, Suite 140, Orlando, Florida 32826, or by calling 407-882-1220.

25

2008-2009 UCF Board of Trustees & Foundation Board of Directors U N I V E R S I T Y O F C E N T R A L F L O R I D A F O U N D AT I O N , I N C .

26

UCF Board of Trustees 2008-2009 Richard J. Walsh ’77, Chair Thomas H. Yochum, Vice Chair

Dr. Manoj Chopra

Judith Ann Albertson

Patrick T. Christiansen

Harris Rosen

Logan Berkowitz

Alan Florez

Conrad Santiago

Olga M. Calvet ’71

Michael J. Grindstaff ’78

Al R. Weiss ’76

Phyllis A. Klock

U C F F o u n d a t i o n , IN C . B o a r d o f D i r e c t o r s 2008-2009 ( J u ly 1 , 2 0 0 8 - J u n e 3 0 , 2 0 0 9 ) Officers Michael J. Grindstaff ‘78 Chair

Directors

President’s Council

Judith Ann Albertson

J. Blair Culpepper

Michael Manglardi, Esq. ‘84 Vice Chair

Jim Atchison ‘92

Donald R. Dizney

Kevin P. Barkman ‘77

Nan B. McCormick ‘83 Co-Vice Chair

Dale P. Bennett

Emeritus

Seth A. Bernstein

James T. Barnes, Jr.

Mark M. Calabrese ‘78 Treasurer Marcos Marchena ‘82 Secretary Olga M. Calvet ‘71 Immediate Past-Chair

R. Todd Bowers ‘77

R. Van Bogan

Kenneth W. Bradley ‘85

J. A. Burnett

Larry Chastang

Phoebe Carpenter

Cari H. Coats ‘79

Peter Dagostino

Carol M. Craig

Mary Jo Davis

John V. D’Albora, Jr.

Buell G. Duncan, Jr.

Ex-Officio

James W. Ferrell, ‘80

Alan G. Fickett ‘71

Bob Berk

George O. Glance III ‘90

Manuel A. Garcia III

Randy E. Berridge

Jeanette Gould

J. Charles Gray, Esq.

Richard T. Crotty ‘72

Beat M. Kahli

Gerald F. Hilbrich

Buddy Dyer

Dr. Jorge J. Lopez

Deborah J. Komanski ‘79

Raymond Gilley

Rita A. Lowndes

John F. Lowndes, Esq.

John C. Hitt

J. Gary May ‘72

Gerald R. McGratty ‘71

Brian J. Morris

Craig S. Miller ‘74

Richard A. Nunis

Jacob V. Stuart

Anthony J. Nicholson

Roger W. Pynn ‘73

Richard J. Walsh ‘77

Janet Pino ‘89

Allen Trovillion

JoAnne Puglisi ‘73

Al R. Weiss ‘76

Honorary Directors

Gerald Rutberg

Nelson Ying

H. Trevor Colbourn

Timothy J. Seneff

Thomas H. Yochum

Charles N. Millican

Ann Sonntag

Joan D. Ruffier

Blaine Sweatt III ‘76 Rasesh H. (Sesh) Thakkar ‘84 Larry F. Tobin

27

Contact UCF Foundation, Inc. 12424 Research Parkway Suite 250 Orlando, Florida 32826-3208 407-882-1220 telephone

UCF Alumni Association 407-823-2586 telephone

U C F S T ANDS F O R O PP O R T U N I T Y

The University of Central Florida Foundation, Inc. is the official fundraising organization and recipient of gifts for the University of Central Florida. It is a 501(c)(3) nonprofit organization and the university’s primary partner in securing philanthropic resources.

The foundation enhances relationships with alumni, friends, faculty, staff and community partners. The foundation secures and manages charitable resources for the university and always acts with integrity and honesty. ucffoundation.org