2013 Annual Report
Dear Alumni and Friends, We have exciting news! Gift commitments for the fiscal year ending June 30, 2013 total $8,095,520. This reflects more than a $1 million increase from the previous fiscal year. Total assets of the USI Foundation stand at $93.8 million, an increase of $7.3 million. These numbers reflect your generosity and how deeply you care about the University of Southern Indiana. More financial details and the complete Honor Roll of Donors may be found on our website, www.usi.edu/giving. Campaign USI: Elevating Excellence is already having far-reaching effects as charitable gifts continue to increase and boost our ability to serve the University, its students, and faculty. Since the public launch of the Campaign on April 4, 2013, members of the Campaign Cabinet, led by chairman and alumnus Ron Romain ’73, have been busy. Along with the entire Foundation staff, we are reaching out to alumni and friends and to the corporate and business community to invite investment in this great institution. As of November 4, we have gift commitments of $34.9 million. The goal is to have $50 million committed for the University’s benefit by December 2015. People are responding positively and with the clear understanding that they are participating in something far bigger than any one person. Those who invest in USI realize they are helping a noble cause. The University of Southern Indiana not only supports higher education, but also social growth and economic progress. USI advances civic and cultural awareness and helps foster collaboration, tolerance, and diversity. As the University’s mission statement proclaims: We prepare individuals to live wisely in a diverse and global community. Private gifts are essential to this work; you are essential to this work. The USI Foundation, on behalf of a grateful University family, extends its sincere appreciation to each and every one of the donors and volunteers for your generous contributions and commitments of time and expertise. Thank you. Sincerely,
David A. Bower, CFRE President, USI Foundation
On the cover: A mish Star by Miriam and Amos A. Graber, Montgomery, Indiana, 2008 The Judy M. Morton Amish Quilt Collection, University of Southern Indiana Art Collection 2013.025.001 Gift of Judy M. Morton ’73
University of Southern Indiana Foundation Consolidated Statements of Financial Position June 30, 2013 and 2012
Assets
Cash Accounts and interest receivable Contributions receivable, net Prepaid expenses Investments Cash value of life insurance Beneficial interest in charitable remainder trusts Beneficial interest in perpetual trusts Beneficial interest in Community Foundation Real estate held for investment Land Buildings, net of accumulated depreciation; 2013 – $252,631, 2012 – $215,818 Buildings held for disposal, net of accumulated depreciation; 2013 – $0, 2012 – $47,972 Property management deposits Total assets
$
2013
708,512 51,908 5,596,260 19,450 79,900,086 325,070 711,262 3,221,092 59,045 2,471,215 225,468
$
2012
599,014 83,176 4,729,501 17,535 70,416,808 258,726 680,416 3,005,440 55,467 2,406,765 289,918
493,625
669,488
-––– 4,275 $93,787,268
207,428 3,775 $83,423,457
$
$
Liabilities and Net Assets Liabilities Accounts payable Deposits Deferred income Payable to related parties Annuities payable Total liabilities Net Assets Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets
40,828 3,200 3,300 487,419 2,025,132 2,559,879
30,038 2,700 14,610 415,111 1,912,038 2,374,497
13,108,659 41,043,320 37,075,410 91,227,389
12,443,665 32,819,586 35,785,709 81,048,960
$93,787,268
$83,423,457
2012–2013 Gifts for USI $8,095,521
Academics and Enrichment Programs ($4,355,780) Other Unrestricted Gifts ($658,818) Scholarships ($1,373,767) Other Restricted Gifts ($532,384) Capital Projects/Property ($592,417) Annual Fund ($239,863) Commmunity Outreach ($238,995) Athletics ($103,497)
Sources of Gift Income $8,095,521
Friends ($3,493,834) Alumni ($800,579) Corporate ($3,801,108)
Donors by Category 4,797 Total Donors
Friends (2,411) Alumni (1,882) Corporate (504)
Annual Fund Total Gifts $239,863 Total
Friends ($111,013) Alumni ($96,938) Corporate ($31,912)
Download the complete listing of donors at www.usi.edu/giving/honor-roll-of-donors.