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Spring 2016

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financial updates | News | meeting highlights
upcoming meetingS and events | campus highlights | philanthropy in focus

Dear fellow Trustees,

Welcome to the spring edition of DashBOARD, our quarterly newsletter for Trustees. We have updates on CU Advancement activities, the investment performance of the CU Foundation’s endowments and the amount of private support benefitting the University of Colorado realized so far this year.

It was great fun to be with so many of you last week at the Garden of the Gods Club and the UCCS campus. We have come to expect great hospitality and interesting educational opportunities from Chancellor Pam Shockley-Zalabak and her team. They really outdid themselves this year with creative interactive displays on cyber security, a breathtaking overview of UCCS’ accomplishments during its 50th anniversary year and a festive indoor/outdoor party in a new campus dining hall. For more on our May meeting, click here.

Although the Foundation’s Long Term Investment Pool (LTIP) had positive absolute performance and outperformed both the investment policy and custom asset class benchmarks for the quarter ending March 31, 2016, recent market volatility across all of the LTIP’s asset classes means that the LTIP is in negative territory so far this fiscal year. The Foundation’s staff and Investment Policy Committee work closely with the Foundation’s investment advisors at Perella Weinberg Partners to safeguard CU’s endowments. The good news is that the LTIP’s 3-, 5- and 10-year annualized performance metrics show growth in the 6 percent to 6.3 percent range. For additional information about our investment performance, click here.

A primary objective of the Foundation is to provide the University of Colorado with revenue that is perpetual, growing and consistent. The Foundation accordingly sets an Endowment Spending Policy that is designed to allow endowments to grow at least on pace with inflation to preserve the endowments’ purchasing power into the future. The Foundation’s Finance/Operations Committee is now in the midst of its annual look at whether the current distribution formula needs to be adjusted to ensure that the level of endowment distributions, plus endowment fees that fund CU Advancement operations, are properly calibrated to maintain the value of the university’s endowments over the long term.

As we catch our collective breath from our whirlwind visit to UCCS, we look forward to our next gathering of Trustees at the CU Anschutz Medical Campus. Our focus then will be on CU’s innovations in health care. CU in August!


Jack Finlaw
CU Foundation President and CEO

Private Support

FISCAL YEAR 2016 THROUGH APRIL 30, 2016

thermometer graphic$287M
fy 2016 total
gift graphic-5.9%
over fy 2015
stock exchange graphic55,119
fy 2016 gifts
total-support-fall-2016These figures represent all philanthropic support to CU, both money contributed through the Foundation and through the university.

LTIP INVESTMENT PERFORMANCE

FISCAL YEAR 2016 THROUGH March 31, 2016

stock exchange graphic-3.54%
LTIP
stock exchange graphic-2.92%
POLICY BENCHMARK
stock exchange graphic1.50%
S&P 500

investment-performance-spring-2016

Visit cufund.org/investment-updates for more information and analysis about our investment performance and outlook, as well as an informational guide to CU’s endowments.

FINANCIALS

As of March 31, 2016

dollar sign graphic$1.29B
LTIP VALUE
dollar sign graphic$1.05B
ENDOWMENT VALUE
gift graphic2,463
ENDOWMENTS

ltip-balance-spring-2016

The balance of the Long Term Investment Pool as of March 31 is $1.29 billion, while CU’s collective endowment (a subset of the LTIP) is $1.05 billion, representing 2,436 individually directed endowments. Also during fiscal year 2016 through March 31, $72 million in gifts and endowment income have been distributed by the Foundation and applied to CU programs.

CU Foundation and Advancement News

Heritage Society donors honored at annual luncheon: President Bruce Benson and Advancement Vice President Johnnie Ray expressed gratitude to members of the Heritage Society at its annual luncheon on April 21 at the Denver Botanic Gardens. The society comprises planned-gift donors and, with 90 new members this year, it now numbers more than 1,100 staff, faculty and friends of CU. Read More.

CU Denver and CU Anschutz salute donors at recognition dinner: More than 400 guests attended the 9th annual Donor Recognition Dinner on Feb. 11 to acknowledge donors supporting CU, including:

  • Gail and Dave Liniger for their gift of real estate that is now home to CU South Denver
  • Sara and Bill Caile for their longstanding commitment to the Assistive Technology Partners and leadership of the Déjà Vu Rendezvous event supporting that program
  • The Helen K. and Arthur E. Johnson Foundation for its decades of support culminating in a multi-million dollar donation for which the Depression Center was named in their honor, as well as the nursing school at UCCS
  • Judith and Joe Wagner for significant investments in cancer and diabetes research programs and establishing an endowed chair in women’s health research

CU Anschutz Advancement debuts website: The site at supportcuanschutz.ucdenver.edu serves as an engagement tool for donors and prospective donors, as well as a dynamic hub for frontline fundraising staff to use in their gift conversations. The website—which also connects donors conveniently with the primary CU giving portal at giving.cu.edu—was built around five broad themes: innovation, personalized medicine, regenerative medicine, wellness, and teaching and learning.

May Trustee Meeting Recap

On Friday, May 6, the University of Colorado Colorado Springs hosted the quarterly meetings of the CU Foundation Board of Trustees and its governing Board of Directors.

At the meeting, Chancellor Pamela Shockley-Zalabak recapped for Trustees the successes during UCCS’ 50th-anniversary year, including a College of Business Soccer Management track being initiated in partnership with the Colorado Rapids, as well as lighter cultural highlights (such as the UCCS Pep Band winning “best band” in the local St. Patrick’s Day Parade). Shockley touched upon a new center for innovation and entrepreneurism that fosters collaboration among four Pikes Peak region institutions of higher education. Shockley said, “It’s the first of its kind to have a military academy, a community college, a private liberal arts college, and a state university working together on this type of initiative.”

Shockley-Zalabak also detailed recent campus developments that have occurred thanks to donor philanthropy, such as the creation of the Mind-1 Traumatic Brain Injury Center on the heels of a $3.16 million donor gift. The 1965 Main Hall Scholarship Fund launch in honor of the campus’ 50th anniversary last year wound up raising nearly $5.1 million, nearly triple the original goal of $1.965 million. This year, the campus has seen a 36 percent year-over-year increase in number of alumni who have made gifts and a whopping 792 percent increase in students who have made a gift.

An illuminating presentation by CU Foundation Chief Financial Officer Mike Pritchard gave Trustees a deep dive on fundraising and the flow of various types of private support through the Foundation and university. In fiscal year 2015, CU benefitted from approximately $375 million in private support. Click here to download Pritchard’s PowerPoint presentation.

Earl Wright, chair of the investment policy committee, updated attendees on the market performance of CU Foundation endowments as of March 31. Though recent market volatility has challenged the investment landscape, the endowments—managed by Perella Weinberg Partners under the investment leadership of CU-Boulder alumnus Chris Bittman—have outperformed each of CU’s primary benchmarks for the 1-year, 3-year and 10-year time frames. Click here to download Wright’s PowerPoint presentation.

CU President Bruce Benson, CU Foundation Chair James Linfield and CU Foundation CEO Jack Finlaw recounted recent highlights and activities of the university and Foundation. Trustees Jeannie Thompson and Heidi Ganahl each gave enlightening presentations on planned giving and on volunteer engagement.

A Thursday night reception at the Roaring Fork Dining Hall featured select outstanding UCCS students mingling with donors and staff leadership. Attendees learned of other recent UCCS developments including the new National Cyber Intelligence Center, for which UCCS is a key leader. Interestingly, the center will be housed in a building that came to the university in a novel planned-giving transaction called a bargain sale—in which a donor sells a property to a charity for less than its fair market value, with the difference constituting a philanthropic contribution.

2016 Trustee and Director Meetings

Wednesday, June 8
Director meeting in Denver

Thursday, Aug. 11
Trustee reception at CU Anschutz

Friday, Aug. 12
Trustee and Director meetings at CU Anschutz

Thursday, Nov. 17
Trustee reception at CU-Boulder

Friday, Nov. 18
Trustee and Director meetings at CU-Boulder

Upcoming events

Tuesday, May 17
Karen Possehl Women’s Endowment (KPWE) Unstoppable Women’s Luncheon
UCCS Gallogly Events Center (tickets required)
Visit www.uccs.edu/kpwe for tickets or information.

Friday, May 20
Annual Lifetime Entrepreneurship Award Luncheon honoring Ed and Mary Osborne
UCCS Gallogly Events Center (tickets required)
Visit www.uccs.edu/business/alumni.html for tickets or information.

June 4 – Aug. 7
Shakespeare Festival Performances
CU-Boulder, Mary Rippon Outdoor Theatre (tickets required)
Visit www.coloradoshakes.org or call 303-492-8008 for tickets or information.

Thursday, July 21
Transforming Health Care Lecture Series: The Future of Cancer Treatments
CU Anschutz Medical Center’s Krugman Conference Hall (free admission)
Contact Stephanie Okolo at stephanie.okolo@ucdenver.edu or 303-724-7820 to sign up.

Friday, Aug. 26
CU Denver Block Party 2016
Lawrence Street between Speer Boulevard and 14th Street (free admission)

Campus Private Support Highlights

CU Anschutz

$10 million in donor gifts enabled us to establish the Ocular Stem Cell and Regeneration Program, which focuses on age-related macular degeneration (AMD) research, at the UCHealth Eye Center and the Gates Center for Regenerative Medicine. The initiative began with $5 million from the Gates Frontiers Fund, and gifts from 19 additional benefactors have included:

  • $2 million from The Solich Fund to establish the Doni Solich Family Endowed Chair in Ocular Stem Cell Research in the Department of Ophthalmology
  • $1 million from Sue Anschutz-Rodgers in ongoing support for research and care
  • $1 million from Lyda Hill (H ’14) to support stem cell-related AMD therapies
  • $500,000 from the LGA Foundation, paired with additional gifts from the Gates family, to support stem cell research

Helen Jean Mitchell (’81, MS ’90) made a $3 million estate commitment that will support Alzheimer’s disease and cardiovascular research at CU Anschutz, and endow a scholarship for football student-athletes at CU-Boulder.

The Delta Dental of Colorado Foundation committed $1 million for the Delta Dental Frontier Center, established 10 years ago at the CU School of Dental Medicine to provide team-based interprofessional education to future dentists, physicians and health care professionals.

The Richard E. Hoffman, MD, MPH, Endowed Fund for Public Health Scholarships was established with a $1 million commitment from longtime benefactor and Colorado School of Public Health guest lecturer Dr. Richard Hoffman.

Yvonne (’85) and Mark (’87, MD ’91) Savarise made a $512,500 estate commitment to support the CU School of Medicine Class of 1991 Scholarship Fund.

CU-Boulder

Nancy Pierce, a friend of the law school, is establishing the Nancy Pierce Endowed Student Support Fund with a $1 million bequest. Nancy has been involved with the Silicon Flatirons Center at CU as a participant and supporter since its inception 15 years ago. The endowment will support interdisciplinary extracurricular and curricular activities that integrate technology, entrepreneurship, business, and/or law and policy, including business and technical training for law students and others on campus. Nancy has been a successful entrepreneur in the technology sector, and it is her hope her gift will encourage more women to be involved in the technology and entrepreneurial space.

John (JD ’74) and Kathy Rosenbloom endowed a lectureship series at the law school with a gift of $25,000 and named Colorado Law as a beneficiary of $500,000 to establish a scholarship. The John and Katherine Rosenbloom Lectureship Series will support engaging, interdisciplinary, relevant and thoughtful discussions on important issues, in honor of outgoing Colorado Law Dean Phil Weiser and his lectures exemplifying these traits.

CU Athletics supporters have committed more than $94.2 million as part of the Sustainable Excellence Initiative’s “Drive for $105 million.” More than 2,000 donors have signed gift agreements to benefit the project. Read more.

Nancy Petry made an annuity gift to support CU Athletics and the Sustainable Excellence Initiative. Blended with a gift from her son and daughter-in-law, Tim and Melinda Harrington, it will create a six-figure gift. The Petry family contributed to CU Athletics’ first ever facilities campaign 26 years ago to build the Dal Ward Athletic Center at the north end of Folsom Field. The family will be recognized in the new Champions Center with the “Petry & Harrington Family Auditorium.”

The second-annual Leeds Spring Luncheon in Denver on April 7 brought together more than 200 alumni, friends and corporate partners—nearly two-thirds of whom were new attendees. Ellen Balaguer (’82), a retired Global Managing Director at Accenture, discussed in her keynote address how the Leeds School of Business develops top talent for future leadership roles. She inspired 50 attendees to fill out involvement cards to enhance their connection with Leeds.

KeyBank, in partnership with Key Equipment Finance and the KeyBank Foundation, committed $300,000 to support the KeyBank Business Leadership Program and KeyBank Summer Bridge for EXCEL Scholars. The gift will support summer programs facilitated by the Office of Diversity Affairs at the Leeds School of Business.

CU Denver

Scholarship giving remains a priority at CU Denver, as donors committed more than $830,000 to support students in the last quarter.

With an additional $400,000, Bob Kossman extended his original scholarship gift, established in 2012 with an initial $400,000 pledge. Each year, the scholarship program selects a student to fully support for four years. Eligible recipients are military veterans, their family members and descendants, family members of current service personnel, and family members and descendants of law enforcement officers and firefighters. This gift will continue the awards through 2020.

The Daniels Fund renewed and increased to $80,000 its grants for Boundless Opportunity Scholarships for student veterans and for teachers-to-be in the early childhood education program.

The Daniels Fund also made a $251,000 gift to the College of Liberal Arts & Sciences’ Communications Department to present the Daniels Fund Colloquia on Ethics in Communications, planned as six two-day events over a 24-month period. It will feature visiting scholars and local experts who address new ways information is gathered and distributed.

Eight architecture students from Dar-Al-Hekma University for women in Jeddah, Saudi Arabia, arrived in Denver in mid-March to meet with a client and collaborate with 12 postgraduate architecture students on a project to design an art center. These practical and cultural exchange experiences were an important goal for alumnus Zuhair Fayez (’71, H ’10) when he made an endowment gift to establish this partnership between the two universities.

UCCS

Keysight Technologies Inc. donated 25 state-of-the-art oscilloscopes worth approximately $500,000 to the College of Engineering and Applied Science. With the gift, UCCS is now home to more advanced oscilloscope lab equipment than any university worldwide. The oscilloscopes will assist students in analyzing radio, sound and digital information.

A $1 million commitment from the Marie Walsh Sharpe Art Foundation will provide programmatic support for the UCCS Galleries of Contemporary Art. The gift will advance strategic initiatives, expand educational programs, increase artistic residencies and strengthen the caliber of GOCA’s exhibits and programs.

Jane Dillon recently included several UCCS programs in her estate plans. Her commitment will support the Jane C. Dillon Quasi-Endowment at the UCCS School of Public Affairs, the existing THEATREWORKS Endowed Fund and the Bruce and Anne Shepard Reach Your Peak Scholarship Endowment.

The El Pomar Foundation has finalized an arrangement to award 10 scholarships this year to College of Business students through the Kent and Marilyn Olin trust, which is administered by the El Pomar Foundation.

 

Philanthropy in Focus

Giving is personal, professional for CU Denver director of grants

CU School of Medicine professor Mark Deutchman, MD, knows firsthand that physicians who practice in rural communities need support. So in addition to founding the Rural Track at the CU School of Medicine in the hopes more students will choose to practice in rural communities, Deutchman gives to a scholarship fund that benefits students in the program. He also matches gifts his current and former students make to the track. Read more about his efforts.