Presiden Report
PRESIDENT’S REPORT 2016-17 |2|
CARRYING OUT VISIONARY PLANS REQUIRES ACCOUNTABILITY, AND WE WANT OUR WHITWORTH SUPPORTERS TO KNOW THE OUTCOMES AND OPPORTUNITIES THEIR INVESTMENTS PROVIDE. HERE, PRESIDENT BECK A. TAYLOR REFLECTS ON WHITWORTH’S PROGRESS SIX YEARS INTO THE WHITWORTH 2021 STRATEGIC PLAN.
Q. What strategic-plan milestones do you anticipate Whitworth reaching this academic year?
Education Excellence in Diversity Award from INSIGHT Into
A. Much of the Whitworth 2021 vision and plan is about
efforts to build bridges for first-generation college students and
continuous improvement, so we will keep up our commitments
students from historically underrepresented racial and ethnic
to enhance every aspect of the student and campus experience.
populations has garnered national attention and praise.
Diversity magazine (see Goal 4, page 12). Also, Whitworth’s
Two important milestones that come to mind are the completion of the new Beeksma Family Theology Center (see Goal 1,
Q. What is your favorite Whitworth tradition and why?
page 7), and the first full year of Whitworth’s new four-year
A. There are so many that are meaningful and fun, but if I have
engineering program.
to name just one, I would choose the senior communion and
Q. What has The Campaign for Whitworth’s success made possible, and how does this momentum energize the campaign through 2021?
commissioning service held on campus during Commencement Weekend. That service, which highlights important relationships forged between faculty and students, and which serves as an
A. We’ve just raised the first $100 million in the campaign,
opportunity for the graduating class to be commissioned for
making this effort the largest in Whitworth’s history, by far. From
lives of service to humanity, always brings tears to my eyes and
new endowed scholarships and facilities like Robinson Science
warms my heart. It’s a special time.
Hall and Cowles Music Center, to endowed professorships and programs, the campaign’s successes thus far have strengthened
Q. What was the most fun experience you had with students last year?
the university in immeasurable ways. We have four more years
A. My most memorable times with students are when I have
before the conclusion of Whitworth 2021, and our campaign will
the freedom to just hang out with them, often in their spaces.
continue to highlight ways that donors can help us achieve our
This past year, as has become my tradition, I visited most of the
ambitious goals.
residence halls and read Christmas stories to students during a
Q. Which campaign goals make Whitworth unique in the higher education landscape? A. I am particularly proud of our efforts to improve Whitworth’s long-standing commitments to elevate both high-quality
crazy finals week before the holidays. My 10-year-old daughter, Chloe, often accompanies me. It’s a fun time to blow off steam during an otherwise eventful week in our students’ lives.
academic experiences and the intentional integration of Christian
Q. What do you enjoy most about being president of Whitworth?
faith and learning. That dual commitment is what separates
A. The job is so complex and filled with an increasing variety of
Whitworth from the pack in American higher education today.
responsibilities and activities. I like that no day is the same as the
Raising funds to improve academic quality and to enable students
previous one, and that my time is spent supporting an institution
and faculty to think critically and “Christianly” about important
that I love so deeply. Being with students is always the highlight
issues will continue to be the centerpiece of the campaign.
of any week, but beyond that, my work with benefactors who
Q. In what areas can Whitworth lead the way for private, Christian liberal arts universities?
equip us to do this important work is always rewarding.
A. One of the things I’m most proud of is the way Whitworth is leading in the area of diversity, equity and inclusion. More and more Christian colleges and universities are looking to Whitworth for examples of how to integrate a strong Christcentered mission with efforts to open doors so that all students and employees feel welcomed and supported. For example, Whitworth is the first institution within the Council for Christian Colleges & Universities to be recognized with the Higher
Q. How would you define your leadership style? A. That’s an interesting question. Most would describe me as energetic and aspirational. In my own leadership, I always try to support the leaders around me who have incredibly difficult and important responsibilities. I like to roll up my sleeves and dive into the challenges and opportunities those leaders are facing, always thinking about how I can use my role to remove roadblocks and equip those leaders for success.
PRESIDENT’S REPORT 2016-17 |3|
WHITWORTH 2021 VISION Whitworth University will deepen its commitments to academic excellence and the integration of Christian faith and learning, equipping graduates to respond to God’s call on their lives with intellectual competence, moral courage and deep compassion. Expanded student opportunities for experiential learning, intercultural engagement and postgraduate preparation will elevate Whitworth’s standing as one of the finest Christian liberal arts universities in the country.
STRATEGIC PLAN GOALS Advance Whitworth’s distinctive approach to integrating Christian faith and learning The Whitworth community engages challenging contemporary issues with intellectual rigor through the lens of Christian faith. In a world fractured by sin and transformed by Christ’s
01
grace and truth, Whitworth will equip and inspire students to cultivate character, seek justice and proclaim salvation. Students, faculty and staff will pursue opportunities to lead and participate in national and international initiatives that reflect Whitworth’s commitment to faith-learning integration by upholding open, intellectual inquiry and deep Christian conviction as complementary rather than competing values. Strengthen intellectual vitality across all contexts of teaching and learning
02
Whitworth seeks to equip its students to be inquisitive, creative and discerning thinkers who address effectively the complex issues they face in the world. The university will cultivate an intellectually vital and inclusive campus culture in which faculty and students engage regularly in rigorous, open and civil discourse on challenging ideas. Prepare Whitworth students to be global citizens
03
Our students live in an increasingly interdependent world. They must be able to cross international boundaries and navigate politics, cultures, economics, religions and languages with skill and understanding if they are to serve and lead in an ever-evolving global community. Whitworth will equip its students with the knowledge, skills and insight they need to thrive as global citizens. Demonstrate courageous leadership for a diverse world Whitworth aspires to achieve and sustain a level of excellence that values the role a welcoming and diverse community plays in realizing its mission to “honor God, follow Christ and serve
04
humanity.” Grounded in a biblical understanding of God’s character, justice and wholeness, the university will cultivate in students, faculty, staff and trustees the capacity to relate effectively across multiple dimensions of human diversity in learning, working and living environments. During the next decade, Whitworth will focus on issues of intercultural competency and equity related to gender, race and ethnicity, and also remain attentive and responsive to additional identities and the intersection of identities.
PRESIDENT’S REPORT 2016-17 |4|
Elevate a liberal arts education as essential and relevant to all majors and careers Whitworth is committed to providing an education, grounded in the liberal arts, that empowers individuals for lifelong learning, professional development, and meaningful citizenship and service. Whitworth will deepen its connections to the liberal arts across the
05
curriculum, equipping students to think critically, reason coherently and communicate clearly. Enhance Whitworth’s strengths in graduate and continuing studies Whitworth aspires to be the university of choice in the Inland Northwest for adults pursuing selected graduate or nontraditional undergraduate degrees. Whitworth will build on its strong reputation for student-centered faculty, small class sizes and innovative delivery models to
06
offer education programs that advance its graduates’ careers and extend the university’s mission and influence in the market. Invest in Whitworth’s employees and support a culture of continuous improvement Whitworth is a learning organization that values its employees and strives to equip them to advance the university’s distinctive mission. Whitworth will recruit and retain highly qualified and diverse Christian staff and faculty members and will offer competitive compensation and
07
professional development that help employees pursue excellence in their vocations. Exercise diligent stewardship in growing Whitworth’s financial and capital resources Whitworth aspires to expand its constituent and resource bases to advance the university’s mission with comprehensive and sustainable excellence. Significantly increased giving and sound stewardship of all university resources will enable Whitworth to invest in strategic initiatives and make improvements to the quality of the student experience.
To view the full Whitworth 2021 plan, including goals, objectives and key performance indicators, please visit whitworth.edu/whitworth2021.
PRESIDENT’S REPORT 2016-17 |5|
08
Next spring, Whitworth will break ground on the Beeksma Family Theology Center, a remodel of and addition to Seeley Mudd Chapel that theology faculty members have long been dreaming of. When the project is complete, the theology department, which currently resides in Westminster Hall, will be housed together with campus ministries and the Office of Church Engagement. The center will allow greater collaboration between these three campus entities as they seek to forward the university’s Christian mission, and will further Whitworth’s commitment to the integration of faith and learning. “I am so excited for this,” says Jerry Sittser, professor of theology and senior fellow in the Office of Church Engagement. “It is a dream come true.” Barney and Joyce Beeksma, both ’54, provided the $1.5 million lead gift for the project in 2016, and Whitworth secured full funding for the $2.8 million
01 ADVANCE
update last summer.
WHITWORTH'S
The chapel remodel will create a more welcoming environment, with
DISTINCTIVE
more space for worship and gathering. A new main entrance will face The Loop. Sittser says these changes “will increase foot traffic and encourage conversation, study and so much more.” The Rev. Forrest Buckner, dean of spiritual life and campus pastor, says the Beeksma Center will “enable organic relational interaction between the staff and faculty in the three departments that could lead to any number of collaborative and creative ideas as we all seek Christ-centered theological education and formation.” Sittser notes that the Beeksma Center will symbolize everything Whitworth stands for. “The center is at the heart of our mission,” he says. “We are about serious study. We care about students and emphasize mentoring. We are committed to the gospel and to the life of the church. We value collaboration around the mission of the institution. This building captures and advances these goals.”
PRESIDENT’S REPORT 2016-17 |7|
APPROACH TO INTEGRATING CHRISTIAN FAITH AND LEARNING
Laurie Lamon, ’78, is a beloved professor and an award-winning poet, with two published poetry collections as well as poems appearing in numerous respected national literary journals and magazines. In spring 2017, Whitworth’s longtime professor of English was named the inaugural Amy M. Ryan Endowed Professor in the Liberal Arts. Lamon is a natural choice for the chair: She embodies Amy Ryan’s love of learning, her skill in writing, and her innovative spirit; she values the mainline church and the aspirations of women; and she is wholeheartedly dedicated to her students and exhibits a deep compassion for humanity. Trustee and alumnus David Myers, ’64, and his wife, alumna Carol (Peterkin)
02
Myers, ’65, funded Whitworth’s seventh endowed position in honor of Carol’s grandmother Amy M. (Johns) Ryan, who attended Whitworth from 1894-97. “The Ryan endowed professorship indicates to our students that we are committed to the integration of the humanities with all disciplines,” Lamon says. “The Myerses’ gift highlights the significance of writing and literature, whose aesthetic moral, ethical and cultural value is a measurement of
STRENGTHEN INTELLECTUAL VITALITY
humanity’s belief in truth.”
ACROSS ALL
During her four-year tenure, Lamon plans to offer poetry workshops for
CONTEXTS
students, staff and faculty from across campus that focus on faith and poetry of witness. She intends to create an alumni reading series featuring Whitworth graduates with established writing careers, and she is connecting with the refugee community in Spokane through an alumna whose church sponsors women from Africa. Lamon’s goal is to support the women as they explore their personal histories through poetry. “My hope is to create space for diversity and to support writers and readers one-on-one,” she says. “The Ryan endowed professorship aims particularly to support women and the church, and this will be one of the most significant services I can do through my work.”
PRESIDENT’S REPORT 2016-17 |9|
OF TEACHING AND LEARNING
As a digital communications intern for World Relief, Andrew Goodwin, ’17, connected the Spokane community with the nonprofit, which resettles up to 600 refugees each year who are escaping violence and persecution. Goodwin learned a lot about using online media to educate others and to recruit volunteers. But he learned more about the power of the gospel. “Refugees have taught me so much about service, because their service is wonderfully pure,” he says. “They don’t serve so they can get something, they serve because they’ve already received a gift. All they want is to give back. Refugees are a beautiful example of responding to God’s grace.” After Goodwin completed his internship through the Office of Church Engagement’s Summer Fellowship Program, World Relief hired him as a part-time digital communications assistant. He earned a communication degree in May and is now enrolled in the university’s social and behavioral health master’s program. Whitworth and World Relief have a long-standing partnership that has included engaging with local churches to support refugees, and having students
03 PREPARE
participate in the nonprofit’s Refugee Simulation Program.
WHITWORTH
Whitworth, World Relief and Gonzaga University this year held a Rally with
STUDENTS
Refugees, with more than 1,500 people gathering to voice their advocacy for immigrants and refugees. About 25 Whitworth students volunteered at the
TO BE
event, and more than 100 students attended.
GLOBAL
Generations of students have also interned at World Relief. The experience
CITIZENS
is deeply transformational, according to Director Mark Finney, a 2003 Whitworth alumnus. “World Relief provides hands-on experience to contextualize a ‘mind and heart’ education,” he says. “When you develop real relationships with folks in poverty who have overcome tremendous obstacles such as genocide or persecution, it changes how you see the world and how you see yourself.”
PRESIDENT’S REPORT 2016-17 | 11 |
Diversity is Roberta Wilburn’s passion. It’s evident in her work: contributions at Whitworth and in the community too numerous to detail. It’s evident in her job title, which reflects her focus: associate dean for graduate studies in education & diversity initiatives. And it’s evident in the honors she recently received: local and national awards recognizing her commitment to diversity and racial justice. “It’s in my DNA. It’s who I am,” Wilburn says. “I’ve always been one of those people who has been a champion for the underdog, who wants to help marginalized people feel valued, accepted and respected.”
04 DEMONSTRATE COURAGEOUS LEADERSHIP FOR A DIVERSE WORLD
For 10 years and counting, Wilburn has worked tirelessly to diversify Whitworth’s campus community and to increase cultural competence in the School of Education, where she formed the Actualizing Our Commitment to Diversity Initiative. Her efforts as coordinator of diversity initiatives for the school have included launching the annual International Education & Diversity Forum, recruiting diverse faculty and students, organizing workshops and guiding course curricula. She also serves on the Whitworth Institutional Diversity Committee. Wilburn’s work is yielding results – the School of Education now has more diversity among students and faculty, she says – and her efforts are gaining external recognition. Last year, she received the YWCA Spokane’s 2016 Women of Achievement Carl Maxey Racial and Social Justice Award. “It was very humbling because I do what I do not to get recognition but because I believe in it,” Wilburn says of the award. Then, in 2017, she received a national honor, INSIGHT Into Diversity magazine’s Giving Back Award for college administrators. Wilburn says it was powerful to be recognized at the national level. “Sometimes you don’t know exactly the type of impact your work is having,” she says. “[The awards affirm that] I really am making a difference, and that’s what I really want to do.”
PRESIDENT’S REPORT 2016-17 | 12 |
For music major Peter Underhill, ’18, and his classmates, the expanded and renovated Cowles Music Center inspires creativity and strengthens connectivity. “The new spaces offer a thrilling atmosphere to learn, practice and rehearse,” he says. “The new student lounges and ‘Main Street’ have allowed students, faculty and staff to find new ways to gather and support one another. Students meet to encourage each other through difficult homework, life situations and matters of faith. The center has transformed our music and our Christian community.” Cowles Music Center opened in fall 2016. Every dollar of the $13.5 million project was provided by generous donors, including the Harriet Cheney
05
Cowles Foundation, which gave $2 million, and Whitworth trustee Walt Oliver, ’67, and his wife, Kay, who gave $3.75 million.
ELEVATE A
The center embodies the stellar music-making that has been happening
LIBERAL ARTS
at Whitworth for generations and also promotes innovation, according to Chair and Professor of Music Ben Brody, ’98. “The two rehearsal rooms incorporate recent technology to provide excellent acoustics,” he says, “and the new recording studio and computer lab allow students many exciting
EDUCATION AS ESSENTIAL AND
opportunities to use music technology to create and record music.”
RELEVANT TO
In addition to music majors, hundreds of students from other academic
ALL MAJORS
disciplines are benefiting from Whitworth’s music program and its inviting new center. Last year nearly 400 non-majors participated in at least one music class or ensemble, or took lessons. “Non-majors appreciate getting to create something that is completely different from what they are learning and creating in their other classes,” Brody says. “Students who study music learn how to work efficiently and independently through daily practice and how to collaborate as a part of a team through ensemble rehearsals. Both of these qualities are highly valued by employers in just about any field.”
PRESIDENT’S REPORT 2016-17 | 15 |
AND CAREERS
Students in the near future will need a master’s degree to become certified athletic trainers, and Whitworth now stands out as an option for obtaining the advanced degree. The university is launching a graduate program in athletic training, its first in the health science field. Not only is Whitworth the lone university in Washington state with board approval for a master’s program, but it’s also one of the few Christian liberal arts colleges in the nation to offer it, according to Cynthia Wright, athletic
06
training program director. The graduate program will begin next summer, and Autumn Rollins, ’18, is among the Whitworth students interested in enrolling. Rollins, a health science major on the pre-athletic training track, is drawn
ENHANCE WHITWORTH'S STRENGTHS IN GRADUATE AND CONTINUING STUDIES
to the master’s program because it will allow her to gain more hands-on experience and become closer to her instructors and peers. As a transfer student, she says “having the opportunity to stay at Whitworth for my master’s is comforting.” According to Wright, the master’s program will allow Whitworth to continue its long tradition of excellence in athletic training, and will better prepare students for jobs and serving patients through added areas of training. Whitworth’s athletic training program has a high rate of students who pass their certification exams and a strong regional reputation among employers. “A lot of employers are really looking for our alumni,” Wright says. Rollins appreciates those aspects of the current program. Her dream is to work for a professional baseball team or the rodeo. “When you say you go to Whitworth or are a Whitworth grad, people are impressed and say they love hiring Whitworth students,” Rollins says. “It’s an amazing feeling being a part of a school that has a good reputation and wants you to succeed in every aspect of life.”
PRESIDENT’S REPORT 2016-17 | 16 |
Brandon Culvey finished high school wanting nothing to do with higher education. The guitarist decided to pursue music instead, hitting the road at age 21 to perform with professional Christian musicians. Two decades later, Culvey is now pursuing a bachelor’s degree in organizational management while working at Whitworth as a technical support specialist. Culvey decided to return to school in 2016, soon after he started working at Whitworth. Within a week of the birth of his second child, daughter Sparrow, he began to believe that God had a purpose for him at Whitworth, both as an employee and as a student. The benefit of free tuition as an employee played a major role in his
07
decision, especially since his wife was staying at home with their new baby and older son.
INVEST IN
“The free tuition was a huge perk,” he says.
WHITWORTH'S
Culvey, who has completed a year of school, sees how his education will
EMPLOYEES
allow him to improve at his job and be of greater benefit to the university. Courses in conflict management and operational management have proved particularly helpful. He is also developing a deeper understanding of himself. “The degree helps
AND SUPPORT A CULTURE OF
define and put meaning to the many life experiences I’ve had,” he says.
CONTINUOUS
Although he never thought he would earn a bachelor’s degree, Culvey is
IMPROVEMENT
now even thinking about pursuing a master’s degree. His schooling, he has noticed, is giving him a dramatic boost of confidence in all areas of his life. Culvey is not alone in his experience. Dolores Humiston, Whitworth’s associate vice president for human resources, says a high number of staff achieve degrees while working at Whitworth. “Employees are extremely appreciative of the opportunity for additional education, a valuable benefit that will remain with them throughout their lives,” she says.
PRESIDENT’S REPORT 2016-17 | 19 |
Rick and Vicky Hardt, both ’71, love being a part of the Whitworth family, first as students and then as the parents of Whitworth students Craig, ’95, and Peggy, ’96. “We’re proud of the rich experiences our alma mater provided Craig and Peggy,” Vicky says, “especially the individual attention from their professors and the dear friendships they found.” A highlight of Rick and Vicky’s ties to the university has been their Core 650
08
travels to Europe with professors, staff, fellow alumni and other supporters. “These travels have given us special connections with Whitworth and delightful lifelong friends,” Vicky says. “We feel we have a unique bond with Whitworth, and that makes us want to continue to support the mission of the university.” The Hardts, who live in Marysville, Wash., support Whitworth financially
EXERCISE
because they both received generous financial help as students. “We want to
DILIGENT
this beloved institution,” Vicky says.
STEWARDSHIP IN GROWING WHITWORTH'S FINANCIAL AND CAPITAL RESOURCES
give back so others might have the same wonderful experiences we had with
Years ago, the Hardts included Whitworth in their wills. In 2016, when they learned of The Campaign for Whitworth’s Legacy Challenge, they informed Whitworth of their decision to designate the university as a beneficiary of their estate. Each time donors make a gift to Whitworth through their estate, trustee Walt Oliver, ’67, and his wife, Kay, make a one-time gift of up to $5,000 to support a strategic campaign objective. During the campaign, donors have made 75 endowed legacy gifts that will provide nearly $30 million in future support for Whitworth. The university has also received $8.5 million in bequests that have been realized. “Legacy gifts support everything from student scholarships and endowed professorships to academic programs and daily operations,” says Holly Norton, director of The Whitworth Foundation and planned giving. “Gifts such as the Hardts’ are vital in helping us meet our campaign goals today and supporting Whitworth students in the future.”
PRESIDENT’S REPORT 2016-17 | 20 |
The Numbers Whitworth’s financial health is sound, thanks to relatively stable enrollment figures, generous donors and consistent management of existing institutional resources. The strong financial position documented in this report is possible due to your generosity and your steadfast commitment to our mission. On behalf of the entire Whitworth community, thank you.
WHITWORTH ENDOWMENT
2017
2016
2015
2013
2014
current: $141.88 million (total endowment) baseline: $99 million (total endowment) current/past performance (as of 6/30/2017)
150 M
100 M
0M
2016 2017
$18,957,439 $9,900,906 $75,807,286 $104,665,631 $192,550,692
$19,921,832 $10,286,195 $81,177,861 $111,385,888 $201,531,710
Total net assets & liabilities
$297,216,323
$312,917,598
PRESIDENT’S REPORT 2016-17 | 22 |
201 M
Accruals, other liabilities Annuities Long-term debt Total liabilities Total net assets
$100M
$20M 2017
LIABILITIES
$200M
2015
$2,181,608 $4,951,883 $11,833,511 $12,450,897 $175,089,719 $188,524,368 $2,726,548 $2,726,480 $105,384,939 $104,263,970 $297,216,323 $312,917,598
2010
Cash and cash equivalents Receivable Investments Plant assets held for sale Net plant Total assets
2005
ASSETS
TOTAL NET ASSETS
2000
NET ASSETS
Investment Return Disbursements
1995
Outside Trust Internally Managed New Additions to Corpus
Statement of Activities OPERATING REVENUES
OPERATING EXPENSES
Net investment income for operations Gifts and grants for operations
Auxiliary revenue
6%
Student services
7%
Instructional
17%
50%
Institutional
19%
19%
67%
14%
Tuition and fees less financial aid
Auxiliary
Tuition and fees less financial aid $52,137,281
Instructional $39,857,608
Auxiliary revenue (e.g., room and board) $14,714,437
Auxiliary $11,381,468
Gifts and grants for operations $4,892,994
Institutional $15,144,528
Net investment income for operations $5,806,442
Student services $13,782,012
Total operating revenue $77,551,154
Total operating expense $80,165,616 Net assets from operating activities ($2,614,462)
NON-OPERATING REVENUES Net long-term investment income/gains (losses)
$13,482,534
Contributions for endowment and capital projects
$5,436,790
Actuarial adjustment to retiree health benefits Cost of refinancing debt
($7,113,593)
Net assets from non-operating activities Change in net assets
($210,251) $11,595,479
$8,991,018
Net assets, beginning of year
$192,550,692
Net assets, end of year
$201,531,710
PRESIDENT’S REPORT 2016-17 | 23 |
The Campaign for Whitworth Thousands of Whitworthians, including alumni and students from the Classes of 1936 to 2020, have demonstrated unprecedented support for Whitworth’s vibrant mission in the seven years of The Campaign for Whitworth. Thus far, campaign donors have funded five endowed academic positions, the Dornsife Center for Community Engagement and 44 endowed scholarships in the past two years alone. Donors have also funded landmark facilities including Robinson Science Hall, Cowles Music Center and the forthcoming Beeksma Family Theology Center, as well as the Nelson Phenology Garden and the Pine Bowl’s brand-new FieldTurf. “I believe our alumni and friends recognize that by giving a gift to Whitworth they are making an important impact on the lives of bright, motivated, faithful students who will change the world,” says Tad Wisenor, ’89, assistant vice president for
institutional advancement. “As we continue to seek to fund the highest priorities of our Whitworth 2021 strategic plan, we hope all Whitworthians will join us in this inspired calling.” Looking ahead, design work is nearing completion for the new Athletics Leadership Center, which will feature offices for all Whitworth Athletics staff, a locker room for the football program, and space for use by other Whitworth teams. All of the details for this and other campaign projects can be found at whitworth.edu/campaign. While total support for the campaign has topped $100 million, what is even more important is the difference these gifts will make in the lives of Whitworth students for generations to come. As the campaign continues, we extend our gratitude to our campaign leadership, chairs Scott, ’84, and Sue, ’85, Chandler, and honorary chairs Jim and the late Wanda Cowles.
FIVE-YEAR GIVING SUMMARY
TOTAL*
THE WHITWORTH FUND
OTHER UNRESTRICTED
UNRESTRICTED TOTAL
RESTRICTED TOTAL
2012-13
$8,658,577
$1,288,923
$997,114
$2,286,038
$6,372,539
2013-14
$8,586,508
$1,425,650
$1,118,913
$2,544,563
$6,041,945
2014-15
$10,910,065
$1,185,473
$1,169,881
$2,355,354
$8,554,711
2015-16
$13,101,529
$1,145,363
$852,258
$1,997,621
$11,103,908
2016-17
$10,124,012
$1,097,532
$751,348
$1,848,880
$8,275,132
*Reflects all gifts, including payments received this year on prior-year pledges
PRESIDENT’S REPORT 2016-17 | 24 |
The Whitworth Foundation: Define Your Legacy The Whitworth Foundation upholds Whitworth University’s vital mission of educating the minds and hearts of students. Since 1972, the foundation has helped alumni and friends define their legacy at Whitworth through establishing deferred gifts that benefit the donor today and the university for years to come. The foundation staff, along with an experienced and knowledgeable volunteer board of directors, works with donors
to develop gift plans based on their financial objectives, tax considerations and deep desire to support Whitworth. We at The Whitworth Foundation are grateful to all of you who have included Whitworth University in your estate plans. Because of your gift, your legacy lives on, both at Whitworth and through Whitworth, as students become equipped to serve, lead and give to a world in need.
TOTAL DEFERRED GIFTS UNDER MANAGEMENT As of June 30, 2017
Trusts
$13,325,509
Life insurance cash value
$3,271,777
Charitable gift annuities
$1,917,781
Other
$705,358
Pooled funds
$170,112
2016-17 life income gift maturities transferred to Whitworth University was $104,224
NEW GIFTS TO THE WHITWORTH FOUNDATION
$56,680 2016-17
2014-15
2013-14
$8,225 2012-13
0
$34,084
$200K
$120,577
$400K
2015-16
$398,021
$600K
PRESIDENT’S REPORT 2016-17 | 25 |
Total assets $19,390,537
BOARD OF TRUSTEES Rev. Dr. Peter B. Barnes
Andrew Erickson, ’84
Partner, Washington Fruit and Produce Co., Yakima, Wash.
Walter M. Oliver, ’67
Senior Pastor, First Presbyterian Church, Winston-Salem, N.C.
James S. Bennett, Jr., ’89
Dr. David J. Flesher, ’81
Rev. Gayle B. Parker
Retired Senior VP-HR/Administration, General Dynamics Corp., Phoenix
Owner, Bennett & Associates, a private wealth advisory practice of Ameriprise Financial Services Inc., Bellevue, Wash.
Surgeon, Orthopedic Associates, Oklahoma City, Okla.
Mark J. Benson
Owner, Orion Ventures LLC, Albany, Ore.
Senior Pastor, Colbert Presbyterian Church, Colbert, Wash.
Alycia A. Gebbers
L. Denice Randle, ’07
Vice President of Public Affairs Potlatch Corp., Spokane
Charles L. Boppell, ’65
Retired President & CEO, Worldwide Restaurant Concepts, Rancho Mirage, Calif.
Jeremiah Case, ’01
Senior Director of External Reporting, Nike Inc. Beaverton, Ore.
Scott C. Chandler, ’84
Managing Partner, Franklin Court Partners LLC, Littleton, Colo.
Randall E. Clark
Chairman of the Board, Farmer Brothers Inc.; Whitworth Volunteer, Spokane
Rev. Dr. Paul Cunningham
Pastor/Head of Staff, La Jolla Presbyterian Church, La Jolla, Calif.
Clark Donnell
President & CEO, Offshore Consulting Oak Harbor, Wash.
Travis Downs III, ’85
Partner, Robbins Geller Rudman & Dowd LLP, San Diego, Calif.
Rev. Dr. Scott Dudley
Senior Pastor, Bellevue Presbyterian Church, Bellevue, Wash.
Dr. Philip Eaton, ’65
President Emeritus, Seattle Pacific University, Seattle
Nicholas F. Fowler
Gebbers Farms, Brewster, Wash.
Rev. Kathleen Goodrich
Co-General Presbyter, Yellowstone Presbytery, Bozeman, Mont.
Rev. Robyn Hogue, ’77
Pastor, The Spring, Tempe, Ariz.
Rev. Dr. Eric Peterson, ’85
Assistant Director, Summit Public Schools, Seattle
Dr. Jennifer V. Ratcliffe, ’86
Physician & Medical Director, Advanced Fertility Associates Medical Group, Santa Rosa, Calif.
Senior Pastor Skyline Presbyterian Church Tacoma, Wash.
Andy Robblee, ’95
Gary J. Hopkins, ’77
Chief Investment Strategist, Palouse Capital Management, Spokane
President & CEO, George C. Hopkins Construction, Glendale, Calif.
John Kaites
Owner, Global Securities Innovative Strategies (GSIS), Phoenix
Brian Kirkpatrick
Retired CFO, T-Mobile USA, Bonney Lake, Wash.
Andrea Lairson, ’81
Self-Employed Attorney in Private Practice, Redmond, Wash.
Dr. David G. Myers, ’64
John Dirk Werkman Professor of Psychology, Hope College, Holland, Mich.
Dr. David M. Nelson, ’71
Professor of Economics, Western Washington University; Founder and President, Finance & Resource Management Consultants Inc., Bellingham, Wash.
President, Six Robblees’ Inc., Seattle
Kenneth M. Roberts, ’68 Rev. John Sowers, ’88
Senior Pastor, First Presbyterian Church, Spokane
Anne McCulloch Storm, ’74
Community Volunteer, Newport Beach, Calif.
Dr. Beck A. Taylor
President, Whitworth University, Spokane
Jason Thackston, ’92 (Chair)
Senior Vice President for Energy Resources, Avista Corp., Spokane
Rev. Dr. Mark Toone
Senior Pastor, Chapel Hill Presbyterian Church, Gig Harbor, Wash.
Terri R. Wilson, ’78
Retired Vice President of Operations, Spokane Teachers Credit Union, Tucson, Ariz.
WHITWORTH FOUNDATION BOARD OF DIRECTORS William P. Curry, ’73
Mark W. Lupton, ’99, ’00
W. Peter Enkema, ’69
Dr. Scott A. McQuilkin, ’84
Chairman of the Board, Huntron Instruments Inc. Sales Associate, Tomlinson Black North Inc.
Mina J. Gokee, ’00
Retired Vice President, Spokane Regional Convention Center
Deborah J. Harvey
Vice President, Whitworth Auxiliary
Daniel L. Hulsizer, ’89
Attorney, Warner Angle Hallam Jackson & Formanek PLC
Frank C. Knott, ’64
President, Ott-Knott Inc.
Richard E. Lewis, ’72
Attorney at Law, Humphries, Patterson & Lewis
Wealth Management Advisor, Northwestern Mutual
Herbert J. Sanders
Senior Vice President, Northwest Farm Credit Services
Vice President for Institutional Advancement, Whitworth University
L. Jerald Sheffels
Benson A. Nielsen
William A. Sperling, Jr., ’63, ’68
President, L. Sheffels and Sons Inc.
Retired Architect, Northwest Architectural Co.
Retired Vice President, The Seattle Foundation
Julie H. Olds
President, Whitworth University
Self-Employed Attorney, Estate Planning & Corporate Taxation
Lawrence K. Probus
Vice President for Finance & Administration, Whitworth University
Kenneth M. Roberts, ’68 Chief Investment Strategist, Palouse Capital Management
PRESIDENT’S REPORT 2016-17 | 26 |
Dr. Beck A. Taylor
Dr. Peter A. Tucker, ’91
Professor, Mathematics & Computer Science, Whitworth University
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