2014 Annual Report
Dear Alumni and Friends, As new and returning students were welcomed to campus for the fall semester, we reflected on the power of individuals coming together for a shared goal—to make the aspiration of a college degree a reality. Your gifts to the University of Southern Indiana Foundation make the realization of a higher education possible for thousands of students. This year, we have exciting news to share with you. Gift commitments for the fiscal year ending June 30, 2014 are $9,818,625 and total assets of the USI Foundation stand at $114.1 million. These numbers reflect your generosity and dedication to USI. More financial details and the complete Honor Roll of Donors can be found on our website USI.edu/giving. Campaign USI: Elevating Excellence continues to have an impact on the University and its students. As of November 4, we have gift commitments of $45.5 million. We hope to have $50 million committed for the University’s benefit by December 2015. Next year marks the University’s 50th anniversary. As we remember the past, we look forward to the future. Your commitment ensures this great institution will continue to have an impact on the region, state and the world. You make a difference, and on behalf of students who benefit from your generosity each and every day, we thank you. Sincerely,
David A. Bower, CFRE President, USI Foundation
On the cover: O ne Scoop Please, 2013, Three-dimensional maple, poplar, walnut and spray paint, 22” x 14” Artist: Kayla Braden, senior with a double major in Studio Art and Art Education, with a K-12 teaching license.
University of Southern Indiana Foundation Consolidated Statements of Financial Position June 30, 2014 and 2013
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 Life interest in real estate Real estate held for investment Land Buildings, net of accumulated depreciation; 2014 – $311,146; 2013 – $252,631 Property management deposits Total assets
$
2014
1,461,508 71,696 4,301,085 118,551 99,516,754 403,565 780,615 3,959,521 64,555 371,425 2,471,215 225,468
435,110 4,125 $114,185,193
$
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
493,625 4,275 $93,787,268
Liabilities and Net Assets
Liabilities Accounts payable Deposits Deferred income Payable to related parties Use obligation of life interest Annuities payable Total liabilities Net Assets Unrestricted Temporarily restricted Permanently restricted Total net assets
Total liabilities and net assets
$
50,580 3,050 525 680,321 246,213 2,088,144 3,068,833
$
40,828 3,200 3,300 487,419 — 2,025,132 2,559,879
14,440,126 56,920,378 39,755,856 111,116,360
13,108,659 41,043,320 37,075,410 91,227,389
$114,185,193
$93,787,268
2013–2014 Gifts for USI $9,818,625 Total
Academics and Enrichment Programs ($5,411,455) Annual Fund/Greatest Needs of USI ($227,075) Athletics ($117,681) Capital Projects/Property ($704,847) Community Outreach Programs ($285,162) Other Restricted Gifts ($663,719) Other Unrestricted Gifts ($747,199) Scholarships ($1,661,487)
Sources of Gift Income $9,818,625 Total
Friends ($2,666,657) Alumni ($1,436,965) Organizations ($4,514,342) Government Grants ($1,200,661)
Donors by Category 4,489 Total
Friends (2,191) Alumni (1,822) Organizations (466) Government Grants (10)
Annual Fund Gifts $227,075 Total
Friends ($114,328) Alumni ($89,007) Organizations ($23,740)
Download the complete listing of donors at USI.edu/giving/honor-roll-of-donors.