2006-07 Summary Report Page 1 of 5 This report covers the activities and expenditures supported at Northern Kentucky University under the. During fiscal year 2006-07, Northern Kentucky University did not submit any requests for Commonwealth Excellence Matching funds as its allocations have been fully disbursed. The match program has helped to create or expand a cumulative total of 32 endowments valued at $20,705,054 at June 30, 2007 (see Table 6). Since the program s inception in 1998, seven faculty positions have been established and all have been filled; 17 scholarship/fellowship funds have been created with 15 making awards; and eight mission support activities have been created with all reporting activities. Endowment Activity As shown in Table 1, no new endowments were created with match program funds in the year ended June 30, 2007. Table 1: Annual and Cumulative Match Program Activities Activity Number of Positions Or Projects 1998-2007 Number Occupied or Number Projects with Of Positions Expenditures Or Projects Number Occupied or Projects with Expenditures Chairs 0 0 2 2 Professorships 0 0 5 5 Scholarships (new) 0 0 16 14 Scholarships (expanded) 0 0 1 1 Mission Support Projects 0 0 8 8 Totals 0 0 32 30
Page 2 of 5 All of the seven endowed professorships/chairs, 15 of the 17 endowed scholarships and all of the eight endowed mission support projects were active during the 2006-07 fiscal year. Overall, since 1998, a total of two chairs, five professorships, 17 scholarships/fellowships, and eight mission support projects have been endowed through the program. As of the fiscal year ending June 30, 2007, seven professorships/chairs, 15 scholarships/fellowships, and eight mission support projects were active. Demographic Information Of the seven faculty members supported with funds in fiscal year 2006-07, two are white females, and five are white males. Table 2: Gender of : Faculty and Staff As of June 30, 2007 Male Female Total Chairs 2 0 2 Professors 3 2 5 Staff 0 0 0 Total 5 2 7 Table 3: Race of Faculty and Staff As of June 30, 2007 White Black Am. Indian Asian Hispanic Total Chairs 2 0 0 0 0 2 Professors 5 0 0 0 0 5 Staff 0 0 0 0 0 0 Total 7 0 0 0 0 7
Page 3 of 5 During fiscal year 2006-07, a total of 134 undergraduate and post graduate students received scholarship awards from state matched endowed scholarships (see Table 4). Of the 134 recipients, race information was available for only 128 recipients. Of the 128 students providing race information, eight students, or 6.3%, were minority students, and eight students, or 6.3%, were nonresident alien (international) students. Six students, or 4.5% of the total number of scholarship recipients, provided no demographic information. Table 4: Gender and Race of Match Program Financial Aid Recipients for Awards Made During Fiscal Year 2006-07 Scholarship Recipients White Black Am. Indian Asian Hispanic Non-Resident Alien No Race Data Total Male 45 1 0 0 0 6 3 55 Female 67 2 1 3 1 2 3 79 Total 112 3 1 3 1 8 6 134 In terms of gender, female scholarship recipients were predominant over male scholarship recipients. Of the 134 scholarship recipients reporting gender information, 79 or 59% were female and 55 or 41% were male. Sources of, Earnings, and Expenditures During fiscal year 2006-07, Northern Kentucky University did not receive any state funds through the.
Page 4 of 5 Area of Concentration The 2002-2004 Guidelines stipulate that at least 50% of program funds must be used to support Programs of Distinction or new economy disciplines. NKU has received all of its 2002-04 match program allocation totaling $2,904,000. That amount was matched with $4,183,590 in cash gifts and pledges, bringing the total amount of 2002-04 program funds to $7,087,590. Of that amount, $4,230, 477 or 59.7% will be used to support the University s Program of Distinction. Table 5: Match Program Dedicated to Program of Distinction for All Matched 2002-04 Appropriation Private Percent of Total State Total Center for Integrative Natural Science and Mathematics $1,475,416 $2,755,061 $4,230,477 59.7% Total $1,475,416 $2,755,061 $4,230,477 59.7% Earnings and Expenditures As of June 30, 2007, the total market value of the 32 endowment accounts established under the Endowment Matching Program was $20,705,054 (Table 6). Of the total market value, $6,878,773 or 33.2% represent state funds and 39.7% or $8,226,425 represent private funds received; $5,599,856 or 27.1% represent market value of cumulative earnings. Foundation records show an outstanding balance of $106,913 in outstanding pledges (includes only private receivables, all state funds have been received) for CPE endowment matching funds. Over $350,000 was expended from these funds during the fiscal year ended June 30, 2007.
, CPE Page 5 of 5 Table 6: Components of Changes in Endowment Market Value From Beginning to End of Fiscal Year State Before Gifts Before Market Value State Gifts Investment Earnings/ (Loss) Earnings Expended Market Value 6/30/2007 Outstanding Pledges as of 6/30/2007 Date Endowment Name Established Existing Endowments: Fifth Third Entrepreneurship Professor 6/30/99 250,000 250,000 512,872 96,531 (12,500) 596,903 Fifth Third Entrepreneurship Scholarship 6/30/99 75,000 75,025 166,772 31,394 (2,663) 195,503 Fifth Third Entrepreneurship Support 6/30/99 75,000 75,455 151,608 28,537 (2,490) 177,655 Chellgren Speaker Endowment 4/29/04 77,000 77,000 172,216 32,527 (3,100) 201,643 American Heritage Scholarship 9/29/00 19,357 38,715 69,448 13,083 (1,600) 80,931 Chase Enhancement Fund 3/31/99 22,000 81,704 116,644 21,957 (2,800) 135,801 Milacron Scholarship 5/1/95 40,000 80,845 169,779 10,000 32,476 (4,100) 208,154 Hosea/Francis Scholarship 6/30/00 50,000 49,656 107,929 20,319 (2,600) 125,649 Ashland Professorship 9/27/99 250,000 250,000 592,142 111,461 (14,400) 689,203 Steely Scholarship 10/27/99 50,000 51,508 103,783 19,535 (2,500) 120,818 Stein Professorship 11/2/99 250,000 250,002 571,652 107,588 (14,000) 665,239 Neyer Family Professor of Music 6/14/00 250,000 250,096 561,288 105,641 (13,700) 653,229 Verst Scholarship 11/23/99 250,000 250,021 546,066 102,782 (13,300) 635,548 Chase Alumni Merit Endowed Scholarship 12/14/99 10,000 32,000 49,545 5,000 9,940 (1,000) 63,484 Archie and Myrtle Carrell Scholarship 3/12/00 10,000 11,780 22,507 200 4,085 (400) 26,392 Endowed Professor of Art 4/11/00 250,000 250,000 616,422 116,011 (15,100) 717,333 Schulenberg Scholarship 5/30/00 50,000 64,970 136,878 236 25,790 (2,000) 160,905 299 Chase Foundation Scholarship 9/28/00 250,000 250,000 595,371 112,043 (14,000) 693,414 Bank of Kentucky Chair in Education 12/1/00 750,000 725,991 1,810,132 13,200 341,558 (43,700) 2,121,190 11,849 Thelma Louise Grein Physically Challenged 1/12/01 125,000 125,100 283,914 53,440 (6,900) 330,454 Ron and Sherrie Noel Scholarship 2/15/01 250,000 241,674 600,947 8,326 113,635 (14,500) 708,408 Family Business Center 5/29/01 100,000 100,000 267,072 50,267 (6,500) 310,838 Eva Farris Scholarship 6/30/01 1,000,000 1,000,000 2,504,129 471,266 (52,798) 2,922,597 Ashland Summer Enrichment 9/10/01 500,000 500,000 1,156,023 218,118 (23,100) 1,351,041 Scripps Center for Civic Engagement 4/22/02 750,000 547,808 1,538,939 135,710 300,408 (34,700) 1,940,357 59,765 Rieveschl Instrumentation 7/22/02 500,000 500,000 1,160,197 218,364 (28,300) 1,350,261 Chellgren Scholarship 5/23/02 50,000 53,750 124,829 23,512 (2,900) 145,441 McGuire Endowment 1/12/05 50,000 25,000 82,406 10,000 15,576 107,981 15,000 Comped Endowment 1/12/05 50,000 20,592 78,282 10,000 14,778 (1,500) 101,560 20,000 Cinergy Endowment 1/27/05 50,000 50,000 112,676 21,222 133,898 Applied Math/Statistics 9/22/03 125,000 125,055 274,375 51,638 (6,700) 319,313 Herrmann Endowed Science Chair 6/4/04 350,416 1,630,006 2,292,794 431,517 (10,400) 2,713,911 Grand Total 6,878,773 8,033,753 17,549,636 192,672 3,316,998 (354,251) 20,705,054 106,913