University of Central Missouri Foundation

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1 University of Central Missouri Foundation General Information Contact Information Nonprofit Address University of Central Missouri Foundation Smiser Alumni Center University of Central Missouri Warrensburg, MO Phone (660) Fax Website Facebook Twitter facebook.com/ oundation/ twitter.com/ At A Glance University of Central Missouri Alumni Foundation UCM Alumni Foundation Former Names Central Missouri State University 1

2 How to donate, support, and volunteer Aside from online credit card donations, checks should be made payable to the UCM Foundation and mailed to UCM Foundation, Smiser Alumni Center, Warrensburg, MO Please download pledge form from website and send with check. Gifts can be made through your bank account as a one-time or monthly Electronic Fund Transfer; download our EFT pdf form on the website. You may increase your gift if your employer has a matching gift program. Make a planned gift such as life insurance or charitable annuity or through your estate or will. If you have already made these estate gift provisions, please tell us about them. Noncash gifts often include securities, personal property, real estate or gifts-in-kind. Through the Greater Kansas City Foundation, we also accept gifts through donor-advised funds. 2

3 Mission & Areas Served Statements Mission Statement To cultivate, manage and distribute resources in support of the University of Central Missouri. Background Statement Although UCM is a public institution, the university receives less than half of its funding from state appropriations. The UCM Foundation was incorporated in 1979 to help the university meet its needs beyond state appropriations and tuition revenue. The foundation has a formal affiliation agreement with UCM. It is led by a volunteer board of directors that elects officers and appoints new members. Its executive director is the vice president for development. Ex-officio members are the university president and a representative of the Board of Governors. Central Missouri acknowledges the UCM Foundation as the preferred channel for private contributions to the university. Staff members work with alumni and friends, corporations and foundations to raise funds for scholarships, academic programs, facilities, equipment, professorships, leadership awards, research projects and many other university priorities. Impact Statement Accomplishments: For the fifth consecutive year, the UCM Foundation increased the payout from endowments in support of students and academic programs. The Foundation Board authorized a payout of $1.3-million for fiscal year 2017, which is a 9.72-percent increase from FY16 and nearly triple the payout since FY12. Fourteen projects received funding in FY16 through the UCM Foundation's Opportunity Grants Program, totaling $37,000. Grants start at $100 to an individual maximum of $5,000. Projects range from aerial drone with equipped video camera and a set of West African drums to the creation of a transmedia storytelling lab and an eight-week structured exploration in understanding masculinity Exceeded FY16 fundraising goal prior to the fiscal year close. Received 30,960 student applications for our scholarship program, MoCents, an online application system. Goals: Invigorate Engagement Inspire Service Elevate Performance Needs Statement Need-based scholarships Retention-incentive scholarships Missouri Innovation Center Performing Arts facilities (Campus Arts Gateway) CEO/Executive Director/Board Chair Statement One of the biggest challenges a university foundation faces today is being able to help students to achieve their goal of a college degree while faced with rising tuition costs and increasing student loan debt. Scholarships are important, as always, but developing need-based funding sources are just as vital. In 2014, we found out from the registrar s office that several students were not going to be able to register for classes because they had outstanding balances from previous semesters that they could not pay. In some cases these balances were under $100. We reacted by setting aside money for retention grants, and seven students were able to take advantage of this program. Today these grants have allowed 35 students to stay on course and meet their academic goals. A small investment on our part can have a great impact overall. Our investment management strategies, especially over the last few years, have helped the foundation not only survive the tumultuous economic times but thrive. We take the stewardship of our endowment very seriously because we know that income must keep up with the growing need of our students. We have been able to maintain and even increase the annual payout rate based on the superior performance of our investments. 3

4 Service Categories Funding Raising & Fund Distribution Fund Raising & Fund Distribution Areas of Service Areas Served Areas MO KS 4

5 Programs Programs Opportunity Grant Program Description The Foundation's Opportunity Grant Program supports faculty and staff who have ideas but insufficient resources for entrepreneurial projects that strengthen the university s learning environment and students academic experience. The program provides one-time seed money for projects that result in significant outcomes and that advance the university s strategic positioning platform of engaged learning, worldly perspective, culture of service and future-focused academics. Forty-three projects have been funded to date, including the start of a campus food pantry, international service learning experiences, a new honor for veteran nursing graduates, new technology for several academic programs, faculty research, and more. Year three funding was increased to $37,000 in support of 14 projects, a 48 percent increase in funding since year one. Category Education, General/Other Postsecondary Education Population Served Adults,, Short-Term Success Long- Term Success Program Success Monitored By Examples of Program Success These grants vary and have different impacts on students' learning experiences. No specific quantifying outcome is required for the grant. Various grants impacting college students' learning opportunities. Each grant has separate outcomes, such as providing ammunition for first place ranked criminal justice student organization, art exhibit addressing earth and animal preservation, campus event focused on addressing sexual assault, new camera technology advancements for incoming students. No specific quantifying information or goal is required for these grants. Grant recipients are required to make mid-term and final fiscal year reports about how funds were used and outcomes achieved, including the number of students impacted. These vary by grant and are monitored by the UCM Foundation Executive Director. In its first year of funding $25,000 impacted 28,347 people internationally; providing meals for communities in need, educating people on the history of the Holocaust, educating students on wireless tethering technology, empowering young minds during a Women in Leadership Conference, and many other ways. 5

6 Red Lead Description Category This student leadership team educates current students and the university s alumni about the value of engagement and philanthropy. Students come from all backgrounds: advertising, publicity, recruitment, professional development, future planning, student engagement, philanthropy, social media, events and programs. Education, General/Other Alumni Population Served Adults,, Short-Term Success Long- Term Success Program Success Monitored By Examples of Program Success Once just ambassadors to alumni at on and off campus events, this group is taking on greater responsibilities as relate to a stronger culture of philanthropy and alumni engagement with current students. These student representatives are tasked with increasing internal awareness and engagement of alumni to strengthen philanthropic activities. Our special projects coordinator who selects the students also makes assignments and monitors their success. Red Lead is a new student group on campus, results for this year are pending. Red Marketing Description Category As part of their academic program, these hand-selected marketing students develop and implement innovative strategies to raise awareness and philanthropic engagement among current students and young alumni through such actions as analysis of ecommunications, launch of Twitter and Instagram sites, and research into crowdfunding. Philanthropy, Voluntarism & Grantmaking, General/Other Philanthropy, Voluntarism & Grantmaking, General/Other Population Served Adults,, Short-Term Success Long- Term Success Program Success Monitored By Examples of Program Success The group's first project was the 2015 Student Philanthropy Day. They engaged over 300 students, faculty and staff members in an interactive photo booth located in the university's union, their audience thanked donors for gifts found throughout campus. This student group is charged with raising awareness of philanthropy and alumni engagement among current students with the goal to increase alumni giving participation rates. The Foundation's special projects coordinator supervises this group and evaluates their success in collaboration with a faculty member from the marketing department. This student group is another example of direct academic impact by the UCM Foundation and donors' unrestricted gifts. It will generate greater awareness among current students and engage greater numbers of alumni, ultimately leading to higher alumni giving participation rates. 6

7 Red Investment Management Description Category With a $500,000 portfolio allocated by the Foundation Board, these undergraduate and graduate finance students perform detailed analysis of potential investments, security selection and performance. They conduct monthly research to review every asset in the portfolio, analyzing performance and comparing overall portfolio performance to benchmarks. Next, students make recommendations to buy or sell assets or rebalance asset allocation. They are required to make presentations to an advisory board and the Foundation executive director who decides whether to act on their recommendations. Education, General/Other Educational Programs Population Served Adults,, Short-Term Success The first academic class, Fall 2014-Spring 2015, took the $500,000 investment and through their investments, have gained some $56,000. In addition, they are learning to make presentations and recommendations to clients, all part of having successful careers in the investment and finance world. Long- Term Success Program Success Monitored By Examples of Program Success This student investment group is another example of the Foundation's direct impact on student learning and how unrestricted gifts provide opportunities otherwise not available. The success of this program is stronger graduates into the investment world and profits for the Foundation. Program success is monitored by finance faculty members and the Foundation executive director. The first class of student investments took the $500,000 investment, made client presentations, and to date have realized gains of some $56,000. 7

8 MoCents Description Category This online application system makes it easy and convenient for students to apply for Foundation scholarships and generates a spreadsheet of all qualifying applicants to the academic areas administering recipient selection, providing an efficient, effective method to make sure donorfunded scholarships help the most students. Education, General/Other Postsecondary Education Population Served General/Unspecified,, Short-Term Success The first year using MoCents, applications for Foundation scholarships tripled totaling 2,107 profiles created by students. In many instances, students qualified for up to 50 or 60 scholarships, tremendously impacting the pool departments could consider in making awards. Out of 2,107 students 977 received $1,041,802 in scholarship support. In its second year MoCents applications increased to 2,498 profiles. Long- Term Success Program Success Monitored By Examples of Program Success Complete transition from students applying for scholarships on paper to applying for scholarships online through MoCents. The foundation scholarship coordinator Vicki Voskovitch monitors MoCents. She sought out feedback before and after the launch of MoCents by test groups, faculty, staff and students. 2,107 student profiles were created for scholarships through the online database in its first year. In many instances they qualified for upwards of 50 or 60 scholarships, significantly broadening the pool of candidates departments could consider for awards. In its second year MoCents applications increased to 2,498 profiles. 8

9 Leadership & Staff Executive Director/CEO Executive Director Term Start Oct Dr. Jason S. Drummond Experience Since joining UCM as vice president for Advancement and executive director of the Foundation in August 2011, Drummond has implemented a six-year strategic plan with specific goals for engagement and fundraising and expanded the board to include more industry experts. He is a graduate of MidAmerica Nazarene University, having earned Bachelor of Arts in Business Administration and Bachelor of Arts in Public Relations degrees. He also studied at the University of Kansas, Lawrence, where he completed his Master of Science in Education and Doctor of Education in Higher Education Administration degrees. Senior Staff Jenne Vanderbout Title Assistant Vice President for Alumni and Development Mary Schreimann Title Director Financial Operations Traci Via Title Director Alumni and Constituent Relations Vanessa Figg Title Director of Development Communication Jamie Jennings Title Director of Events Staff Paid Full-Time Staff 23 Paid Part- Time Staff 0 Volunteers 0 Retention Rate 0% Paid Contractors 3 Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Quarterly 9

10 Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Quarterly Quarterly Plans & Policies Organization Has a Fundraising Plan Organization Has a Strategic Plan Management Succession Plan Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy Government Licenses Is your organization licensed by the government? 10

11 Board & Governance Board Chair Board Chair Richard Phillips Company Affiliation Retired, Educator Term July 2016 to June 2017 Board Members Name Gary Abram Ray Burton Peter Carmack Wade Carpenter James Claiborne Jonathan Cleveland Latonia Collins Smith Robin Crouch Mike Davidson Vance DeLozier Tim Doke Diane Dudley Gary Ervin John Fay John Ferguson Linnette Garber Arnold Gordon Bray Michael Hanna Kelly (Stoll) Harbert Jim Hatfield Stacey Hodges Greg Hoffman Leslie Krasner Matt Landstra Vince Marchetti Tim McClellan Anand Mehta Cynthia Mercer Mike Orndorff Richard Phillips Randy Rahe Jessica Ramirez Mark Schupp Affiliation HCap International retired dentist, C&R Rentals Wells Fargo Advisors Financial Partners Group Cleveland Design Harris-Stove State University Retired, State Farm D&H Media, Key Realty, DeLozier Realty, KeyMark Properties KPMG Federal Audit Practice Ervin Cable Construction, Lightwave Management Funding Resources LLC Strategic Financial Partners retired U.S. Army, now owner ANGB Consulting LLC Spectrum Partners Pinnacle West Capital Corporation Johnson County (MO) Mental Health Center Morgan Stanley National Association of Insurance Commissioners Advanced LifeSciences Black and Veatch Mercy Health System American Century Investments Retired Camping World St. Luke's Foundation Schupp Company 11

12 Mac Sebald Scott Taylor Yolanda Trueheart Ron Umphenour Linda Wade Jesse West Bill Westhoff Mitch Wheeler Nathan Zimmerman Krystal Klean Urban & Taylor, S.C. Lundbeck Pharmaceuticals Retired Union Bank and Trust Co. Premier Sports Robert Half Technologies Board Demographics - Ethnicity African American/Black 3 Asian American/Pacific Islander 1 Caucasian 37 Hispanic/Latino 1 Native American/American Indian 0 Other 0 Board Demographics - Gender Male 31 Female 11 Unspecified 0 Governance Board Term Lengths 3 Board Term Limits 3 Board Meeting Attendance % 0% Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions 100% Percentage Making In-Kind Contributions 0% Constituency Includes Client Representation No Number of Full Board Meetings Annually 3 12

13 Financials Fiscal Year Fiscal Year Start July 01, 2016 Fiscal Year End June 30, 2017 Projected Revenue $6,000, Projected Expenses $3,750, Endowment Value $35,405, Spending Policy Percentage Percentage 5% Detailed Financials Revenue and Expenses Fiscal Year Total Revenue $6,065,748 $6,485,115 $9,366,135 Total Expenses $4,449,183 $3,934,051 $3,417,579 Revenue Sources Fiscal Year Foundation and Corporation $3,992,946 $3,402,592 $4,081,129 Contributions Government Contributions $0 $0 $0 Federal $0 State $0 Local $0 Unspecified $0 $0 $0 Individual Contributions $0 Indirect Public Support $0 $0 $0 Earned Revenue $105,722 $81,248 $0 Investment Income, Net of Losses $837,080 $2,220,281 $4,810,803 Membership Dues $0 $0 $0 Special Events $174,219 $177,002 $0 Revenue In-Kind $955,781 $603,992 $408,193 Other $0 $0 $66,010 13

14 Expense Allocation Fiscal Year Program Expense $3,766,003 $3,369,487 $2,569,508 Administration Expense $507,527 $369,948 $552,427 Fundraising Expense $175,653 $194,616 $295,644 Payments to Affiliates $0 Total Revenue/Total Expenses Program Expense/Total Expenses 85% 86% 75% Fundraising Expense/Contributed Revenue 4% 5% 7% Assets and Liabilities Fiscal Year Total Assets $51,968,638 $51,377,527 $50,072,155 Current Assets $5,954,999 $4,807,941 $3,072,498 Long-Term Liabilities $1,454,073 $1,469,468 $0 Current Liabilities $179,326 $361,561 $2,360,409 Total Net Assets $50,335,239 $49,546,498 $47,711,746 Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency Fiscal Year Long-Term Liabilities/Total Assets 3% 3% 0% Top Funding Sources Fiscal Year Top Funding Source & Dollar Amount -- Anonymous -- $518,962 Second Highest Funding Source & Dollar -- Anonymous -- Amount $303,800 Third Highest Funding Source & Dollar Amount -- Anonymous $161, Capital Campaign Currently in a Capital Campaign? No Goal $0.00 Capital Campaign Anticipated in Next 5 Years? Foundation Comments FYE 6/30/2016, 2015: Financial data reported using the IRS Form 990. FYE 6/30/2014: Financial data reported using the organization's audited financial statements. Foundation/corporate revenue line item may include contributions from individuals. Created Copyright 2017 Greater Kansas City Community Foundation 14