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SUMMER 2015

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financial updates | campus highlights | meeting highlights
foundation investments | philanthropy in focus | upcoming meetings

Colleagues,

We are witnessing a strong start to fiscal year 2016, with early momentum that builds on the great news you have undoubtedly heard: For the 2015 fiscal year ending June 30, private support for CU exceeded $375 million, surpassing the previous year’s record total by 19 percent. Please join me in congratulating CU Foundation and University Advancement staff, as well as campus and system leadership, on their excellent work.

Let’s celebrate last year’s successes. And let’s get excited about the potential for the coming year—highlighted by new leadership on two campuses. Deb Coffin has been appointed the Vice Chancellor for Advancement at CU-Boulder (click here to watch Deb’s video message), and Andrea Wagner has been named the interim Vice Chancellor for Advancement at CU Denver (click here to watch Andrea’s video message). We look forward to seeing the results their ideas, energy and leadership will generate.

This issue of DashBOARD updates you on recent private support and investment data, as well as specific recent accomplishments that inspire our donors to break records on behalf of CU.

Sincerely,


Jack Finlaw
CU Foundation President and CEO

Private Support

FISCAL YEAR 2015

thermometer graphic$375.4M
fy 2015 total
gift graphic+19%
over fy 2014
stock exchange graphic52,185
fy 2015 gifts
chart showing total contributed to date
These figures represent all philanthropic support to CU, both money raised through the Foundation and through the university.

LTIP INVESTMENT PERFORMANCE

FOR THE 12-MONTH PERIOD ENDING JUNE 30, 2015

stock exchange graphic3.49%
LTIP
stock exchange graphic1.62%
POLICY BENCHMARK
stock exchange graphic7.42%
S&P 500
chart showing the investment performance to date
Visit cufund.org/investment-updates for more information and analysis about our investment performance and outlook, as well as a new informational guide to CU’s endowments.

FINANCIALS

END OF FISCAL YEAR 2015 (JUNE 30, 2015)

dollar sign graphic$1.33B
LTIP VALUE
dollar sign graphic$1.09B
ENDOWMENT VALUE
gift graphic2,342
ENDOWMENTS
chart showing the investment performance to date
The balance of the Long Term Investment Pool as of June 30 is $1.33 billion, while CU’s collective endowment (a subset of the LTIP) is $1.09 billion, representing 2,342 individually directed endowments. Also during fiscal year 2015, $109.2 million in gifts and endowment income were distributed by the Foundation and applied to CU programs.

Campus private support highlights

CU Anschutz Medical Campus

The Colorado Health Foundation committed $3.3 million over two years to help establish ECHO Colorado, a peer-learning system headquartered at CU Anschutz that will use video teleconferencing to improve primary health care and public health statewide, enhancing clinical capability and access to specialty care in rural and underserved areas.

The Galena Foundation provided $250,000 in support for faculty development and programming at the Center for Women’s Health Research.

The estate of Herbert Rolan Zick provided support for the Class of 1955, 1956 and 1957 Endowment for CU Anschutz scholarships, in addition to CU-Boulder support.

The Monfort family is supporting thyroid oncology research in the Division of Endocrinology, Metabolism and Diabetes at the CU School of Medicine with a $100,000 gift.

Ed and Susie Orr renewed their support for translational research at the Barbara Davis Center for Diabetes with a gift of $100,000.

With a $100,000 gift, a grateful patient contributed to vital research on lupus treatments at the Division of Rheumatology.

Derek Schrier and Cecily Cameron, through the EGG Foundation, made their second gift of $91,750 to support the Robert W. Schrier, MD, Endowed Chair in the Department of Medicine, which honors Dr. Schrier’s leadership as former department chair.

University of Colorado Boulder

A $787,445 bequest from the estate of N. Rex Sheppard (electrical engineering and business, ’51) established endowments to benefit CU athletics (the N. Rex Sheppard Sports Enhancement Fund) and the College of Engineering and Applied Science (the N. Rex Sheppard Faculty and Graduate Fellowship Fund).

A $500,000 bequest commitment from Todd D. McIntyre (psychology, ’77; MA neuroscience, ’83; and PhD neuroscience, ’86) and his wife, Bertha Michiyo McIntyre, will establish a scholarship to support neuroscience students. With a separate $500,000 bequest commitment, they will establish a scholarship for students of economics, history, philosophy or political science who focus on conservative political philosophy, public policy, entrepreneurship and leadership—the first scholarship of its kind for the Conservative Thought and Policy program.

The Parent Fund exceeded its $2 million private support goal for fiscal year 2015, thanks largely to increased participation in the fund’s Parent Leadership Society. The fund helps support student programs like veterans services, leadership and professional development activities, and more.

Charles Schwab & Co. committed $380,000 over five years toward the development of a Certified Financial Planner program at the Leeds School of Business. The 80-student program will prepare undergraduate students for careers in financial planning and wealth management beginning in fall 2015.

Denver law firm Brownstein Hyatt Farber Schreck, which boasts Colorado Law graduates as founding members, committed $250,000 to endow a fellowship program that will provide stipends for students who volunteer to work summer public-service jobs. It is the largest single gift from a law firm in CU-Boulder history.

The estate of Herbert Rolan Zick (chemistry, ’51, MD, ’55), provided support for the Dr. R. Gary Zick Athletic Scholarship Endowment for student-athletes, and the Paula Marie and H. Rolan Zick Endowment for scholarships in the Lyric Opera Program at the College of Music, in addition to CU Anschutz support.

An anonymous donor provided $67,800 to establish the Left Hand and Black Kettle scholarship for law school students who demonstrate financial need and a meaningful connection to Native American tribal communities.

University of Colorado Colorado Springs

UCCS broke ground Aug. 13 on construction of the Ent Center for the Arts, a visual and performing art venue along North Nevada Avenue slated for completion in early 2018. The Boettcher Foundation committed $175,000 and the Gates Family Foundation have each recently committed $150,000 to support the center’s construction, adding to nearly $10 million in private support to date toward this project.

On May 20, the Karen Possehl Women’s Endowment luncheon raised $26,000 to provide scholarships to women who have overcome extraordinary obstacles to a college education. Now in its 20th year, the KPWE program has allocated more than $350,000 in scholarship support since its start.

University of Colorado Denver

A $418,000 grant from the Temple Hoyne Buell Foundation renews its investment in early childhood education programs at the School of Education and Human Development.

A $98,000 grant from the Gates Family Foundation to the College of Architecture and Planning supports projects promoting sustainable urbanism.

Dave Laube has extended his Community Involvement Award for another five years to recognize Business School faculty and staff whose activities best enhance the school’s connections with Denver’s business community.

The 1000 More scholarship challenge continues to attract meaningful support with contributions from the Brett Family Foundation (special thanks to Regent Linda Shoemaker); Paul Lipinski, who created a new scholarship for physics students; and Marjorie Gearhart Smith (business, ’70), whose deferred gift will nearly double the scholarship endowment she established for accounting students. Many colleagues and friends of Peggy Lore, who recently retired from the Student Affairs staff, gave in Peggy’s honor to support Asian-American student scholarships. And more than 290 graduating seniors gave $5,180 to their Class of 2015 fund for scholarships—most in the suggested amount of $20.15.

CU Foundation invests $20.2 million in four CU projects

In May, the CU Foundation’s board of directors agreed to deploy $20.2 million of the Foundation’s unrestricted net assets to support programs, renovations and new construction on each of CU’s four campuses. This $20.2 million investment will be matched by funding from other university sources including campus budgets, private donors and the State of Colorado. Once these allocations are complete, the Foundation will retain approximately $40 million in unrestricted reserves.

Here is a breakdown of the Foundation’s investments by campus:

University of Colorado Boulder

The Foundation will contribute $2.2 million to the $28.2 million cost to complete a new academic wing of the Jennie Smoly Caruthers Biotechnology Building at CU Boulder. This 57,000-square-foot fifth wing of the building, whose first phase opened in 2012, will create integrated educational and research space for CU-Boulder’s chemical and biological engineering, biochemistry, computer science, physics, and molecular, cellular and developmental biology programs. The new space will allow for the creation of unique project-based and team-based discovery learning opportunities including undergraduate and graduate student exposure to potential market applications of leading-edge lab research.

University of Colorado Denver

The Foundation will allocate $12 million to the renovation of CU Denver’s North Classroom building. Total project costs for the remodel and space upgrades are estimated to be $33.3 million. The North Classroom building opened in 1987 and it remains CU Denver’s academic hub. The busiest and most-populated building on the Auraria campus, it is showing the wear and tear of many thousands of daily student visits. The renovation will bolster student and faculty success by updating classrooms with advanced learning technologies and flexible layouts for innovative education delivery, consolidating faculty offices from multiple Auraria locations and introducing new building infrastructure and safety systems that will reduce energy costs.

University of Colorado Colorado Springs

The Foundation’s $3 million transfer to UCCS’s North Nevada Avenue infrastructure project will allow construction of the water, sewer, natural gas, electric and broadband distribution systems for the campus expansion along North Nevada Avenue without incurring additional debt. This project’s overall cost is $20 million and includes roads, parking, sidewalks, exterior lighting, landscaping and storm water accommodation for the Ent Center for the Arts site. In addition to this new visual and performing arts center, which is projected to serve 100,000 patrons each year, the campus expansion along North Nevada Avenue will include Health and Wellness II, a City of Champions partnership that is expected to serve 75,000 people each year, a 4,000-seat arena and field house that will be used by Olympic athletes, new student housing and additional parking.

University of Colorado Anschutz Medical Campus

The Foundation’s commitment of $3 million to the operating budget of the Gates Center for Regenerative Medicine is being matched by $3 million in university funds and $6 million in private support. Together these contributions will underwrite the first five years of operations of the recently opened Gates Biomanufacturing Facility at CU Anschutz. Such an FDA-compliant biomanufacturing facility is essential to the process of translating cellular and genetic discoveries into clinical-grade products suitable for early-phase investigational use in humans. The facility establishes an essential link in a chain that begins with basic research and flows through manufacturing, clinical trials and new standards of patient care, strengthening CU Anschutz’s position as a top-ranking academic health sciences campus.

Trustees enjoy CU Anschutz hospitality, learning opportunities

CU Foundation Trustees and other benefactors of CU Anschutz enjoyed cocktails and a festive summer dinner on campus Thursday, August 13. The evening’s highlight was a thought-provoking and entertaining talk by Associate Vice Chancellor Jim Hodge, “The Role of Philanthropy and the Well-Examined Life.”

The summer 2015 meeting of Trustees occurred the following morning at CU Anschutz. The day began with Vice President for Advancement Johnnie Ray’s introduction of our new Vice Chancellors of Advancement Deb Coffin (CU-Boulder) and Andrea Wagner (CU Denver). Trustees were pleased to welcome these vibrant university leaders to their new positions.

Trustees spent the balance of the morning tuned in to “Good Morning Anschutz”—an engaging program of lively interviews, with collaboration as an overarching theme.

CU Anschutz Vice Chancellor of Advancement Scott Arthur put Chancellor Don Elliman on the hot seat, and the Chancellor responded with humor, sharing insightful reflections on, and his bold vision for, CU Anschutz. Trustees were particularly encouraged by stories Elliman shared about the collaborative work he and his team are undertaking with leaders of the two independent hospitals that share the CU Anschutz campus.

Next it was Elliman’s turn to ask the questions when he interviewed the new Dean of the CU School of Medicine, John Reilly, Jr. MD. Trustees learned about Dean Reilly’s background and his hopes and dreams for how the School of Medicine will grow its research, clinical and educational missions in the years ahead.

Dean Reilly then took over as host of “Good Morning Anschutz” and brought on as his guests the medical and administrative directors of the Gates Center for Regenerative Medicine—Dr. Dennis Roop and Patrick Gaines—for an update on the center’s new biomanufacturing facility. The morning concluded with incisive interviews by the dean of several individuals he calls “campus visionaries”—Dr. Kathleen Barnes, head of the Division of Biomedical Informatics and Personalized Medicine; Dr. Naresh Mandava, professor and chair, Department of Ophthalmology; Dr. Richard Schulick, professor and chair, Department of Surgery, and Dr. Richard Zane, professor and chair of Emergency Medicine. Afterward, Trustees expressed joy and excitement in having had an opportunity to glean the insights that emerged from the conversations on the stage.

Here is a link to a video—debuted at the Trustee meeting—that captures the bold and innovative research, clinical and educational work being done today at CU Anschutz. And see this link to a schedule of CU Anschutz 2016 events for which Trustees are encouraged to participate with family and friends.

Philanthropy in focus: New gifts support cancer research, medical school scholarships

Photo of Regina Richards

“Our purpose here is to serve others,” says Regina Richards, founding director of the Office of Diversity and Inclusion at the CU School of Medicine. Regina has helped create two funds, one to honor her late husband and another to support medical students.

Read more about Richards’ efforts.

2015-16 Board and Committee meetings

Oct. 14: Audit Committee, 9-11 am, 1800 Grant St., #725, Denver

Nov. 6: Investment Policy Committee, 11 am-1:30 pm, 1800 Grant St., #100, Denver

Nov. 13: Board of Trustees, 8 am-1 pm, Glenn Miller Ballroom (in UMC), CU-Boulder

Nov. 13: Board of Directors, 1:15-4 pm, Aspen Room (in UMC), CU-Boulder

Soon we will announce the fall schedule for other selected committees.

Feb. 4-5, 2016: Board of Directors/Trustees, CU Denver (specific site TBD)

May 5-6, 2016: Board of Directors/Trustees, UCCS (specific site TBD)

Aug. 4-5, 2016: Board of Directors/Trustees, CU Anschutz (specific site TBD)