BOARD OF TRUSTEES MEETING
Friday, June 17, 2016 – 12 Noon Tennessee Room
AGENDA
Call to Order o Invocation
Chancellor’s Annual Report to the Foundation
Consent Agenda o Minutes o Action Items of the Executive Committee o Treasurers Report o Real Estate Report
Chair Report o Recognition of Outgoing Board Members o Update on Affiliation Agreement
Endowment Report
Nominating Committee Report
Executive Director’s Report
Other Business
Board Meetings for 2016-2017 - October 5, 2016, December 7, 2016, March 15, 2017, and May 31, 2017
CONSENT AGENDA
MINUTES BOARD OF TRUSTEES MEETING WEDNESDAY, MARCH 23, 2016 CHATTANOOGA ROOMS B & C
Pursuant to notice, a meeting of the Board of Trustees of the University of Chattanooga Foundation, Inc. was convened at 12:00 p.m. on Wednesday, March 23, 2016, at the Chattanooga Rooms B & C - Tennessee on the UTC campus in Chattanooga, Tennessee.
The following Ms. Corinne Allen, Chancellor Steven Angle, Mr. Max Bahner, Dr. Melanie Blake, Ms. members of the Alexis Bogo, Mr. Doug Brown, Mr. Charles Cofield, Mrs. Nancy Collum, Mr. Mike Board of Costello, Mr. Fred Decosimo, President DiPietro, Mr. John Foy, Mr. Mike Griffin, Mr. Trustees John Guthrie, Mr. Jim Hall, Mr. Scott LeRoy, Mr. Scott Maclellan, Ms. Ashlee Patten, (constituting a Mr. Chris Ramsey, Ms. BettyeLynn Smith, Mr. Greg Vital, Dr. Andy Walker, Ms. Kim Quorum) were White, Mr. Bucky Wolford and Ms. JoAnn Yates. present in person:
Others present: Present by invitation were: Mr. David Blackburn, Dr. Richard Brown, Mr. Paul Clark, Mrs. Terri Clark, Ms. Terry Denniston, Mr. Robert Dooley, Dr. Kirk Englehardt, Mrs. Emily Forrest, Mr. Terry Fredrickson, Ms. Jayne Holder, Ms. Kirby Johnson, Dr. Rickey McCurry, Ms. Harriet Neely, Dr. Daniel Pack, Dr. Bryan Rowland, Ms. Emily Sane, Mr. Lofton Stuart, Mrs. KT Van Zile, Mr. Troy Van Zile, Ms. Caroline Von Kessler, Mr. Alex Ware, Mr. Caleb Whitted, and Mrs. Suzanne Brown.
Call to Order Chair Bucky Wolford called the meeting or order. Mr. Scott Maclellan gave the and Invocation: invocation.
President’s Dr. DiPietro commented that he appreciated being with the Trustees today. Remarks: The budget seems to be lining up when it comes to higher education. For all of higher education the total State budget is $368M. That equated to approximately $120M for the UT System. Off the top of the $120M there is $90M for capital outlay, which includes the Lupton renovation. The President commented that the UCFoundation was instrumental in helping the Lupton project proceed. UTC will receive $2.7M based on their performance. Chancellor Angle has done a great job and President DiPietro is very proud of the job being done. Martin is to receive $1.3M and $10M for Knoxville performance numbers. In reality the new money that the Chancellor has to work with is $2.7M. The tuition increase will be approximately 2.2%. The Chancellor’s will need every dollar possible. There have been several bills before legislature. There were two bills concerning tuition freezes. The President made a presentation why tuition raises are still necessary due to the funding models in place. There was a bill in place to reorganize the UT Board of Trustees. Part of which changed the numbers from 26 to 15. Then there were several bills around diversity that are still active. It is very important to have a diversity program in place. We
Board of Trustees Meeting –March 23, 2016 Page - 1 -
have an obligation for our students to have a safe welcoming environment to come and study. Dr. DiPietro testified for almost two hours in the house on the diversity issue. Afterwards we moved to the Senate. The Senate amends the budget to deallocate from Knoxville $8M, gives $1.5M to Chattanooga for rural outreach. Knoxville was disappointed. All the Chancellors felt this deallocation was wrong. Outsourcing – another passionate topic. Richard Brown will represent the institution in Nashville. The employees will be protected if outsourcing is done. The benefits package will be similar. The contract will be for five years with one year renewable. The employees will be guaranteed for the length of the contract as long as they perform. It will be up to the campuses if they outsource – it will need to be justified through the system. This process will play out for a longer time than the President desires. It probably won’t play out until February of next year. Lastly, there has been a lot of media attention about sexual assaults. This is a national issue problem. We do not condone any type of this environment. One assault is one too many. We have altered the code of conduct, we are offering educational programs, and training law enforcement officers appropriately.
Chancellor’s The Chancellor thanked everyone for being in attendance. Remarks: Admissions and Enrollment Overall applications are up 19% 1265 Freshmen - +20% Transfer applications - +4% Overall acceptance +16% 851 Freshmen - +17% Transfer Admits - +12% Campus Housing – South Campus changed the trajectory of this campus We are running ahead on our numbers of applicants. Even with the housing going up around campus we feel we will have the numbers to justify all. Housing opportunities are needed for our international students and our dual enrolled students. We are working on several fronts and feel the housing will be filled.
Our athletic students are successful on and off the field. The athletes’ have remarkable GPA’s. The wrestling, basketball and volleyball programs have all made NCAA tournament appearances. Dr. Angle thanked David Blackburn for the job he is doing.
The Lupton library project is beginning. The architects are now meeting on the project and we are moving forward to a designer for the project. The Chancellor echoed Dr. DiPietro’s sentiments in thanking the Foundation for their matching of funds for the renovation project.
What a great time to be a Moc stated Dr. Angle. Asst. Professor Hope Klug received the National Science Foundation Career Award in Biology.
Dr. Angle presented a diagram of the Engel Stadium project. 400 parking spaces will be added. Turf fields will be added as well as a walking track along with other amenities. This will allow for intramural sports. This will be paid for out of our student activity fees. The community is very supportive of we have proposed.
We have a number of new faces in the room. Dr. Angle asked that the new Alumni/Development staff stand. One of our newest hires is Kirk Englehardt, Vice Chancellor for Marketing and Communication. Board of Trustees Meeting –March 23, 2016 Page - 2 -
Vice Chancellor Englehardt commented that we have a great story to tell. We want to define the brand of UTC. What makes us special, what makes us different, what it is that attracts people to be part of this campus. We want to engage you, the Foundation, in the process of defining the University stated Englehardt. Mr. Englehardt encourages everyone to take the campus tour, you will learn a lot. There are things very unique here at UTC and we want to relay those things.
Consent The Consent Agenda consisted of the following items that were distributed in advance of Agenda: the meeting: Minutes-September 30, 2015 Action Items of the Executive Committee Treasurer/Finance Report Real Estate Report The Consent Agenda was approved as presented by a motion and second.
Chair’s Chair Bucky Wolford commented his appreciation of the President’s efforts to keep the Remarks: Lupton renovation process in the loop. Mr. Wolford complimented the Chancellor on his great new hires and the job he is doing.
We are in the process of renegotiating the 5year Affiliation Agreement. Negotiations are going well stated Chair Wolford. Bucky Wolford thanked Max Bahner for his work on the agreement years ago.
The Chair informed the Board members of the upgrade of the WiFi system on South Campus in order to remain competitive. The cost of the upgrade will be $975,000. The Real Estate Committee voted to return the money to the Foundation in two years.
Mr. Wolford complimented Dr. Rowland on the great job he is doing.
Program: Foundation Chair Bucky Wolford introduced Dean Daniel J. Pack of the College of Engineering and Computer Science. Prior to joining UTC Dean Pack was Professor and Mary Lou Clarke Endowed Chair of the Electrical and Computer Engineering Department at the University of TX, San Antonio. Dr. Pack also has over 20 years of experience in developing autonomous systems and related technologies for the United States Air Force Research Laboratory. Dean Pack is a registered Professional Engineer in Colorado and serves as Editor-at-Large for Journal of Intelligent & Robotic Systems and as Associate Editor for IEEE Systems Journal. Dr. Pack was raised in Seoul, Korea and came to the U.S. when he was 16.
The UTC Engineering program was established in 1969 offering one Bachelor of Science in Engineering Degree. The College of Engineering formed in 1974 and the College of Engineering and Computer Science formed in 1977. The college now offers fully- accredited degrees in 15 undergraduate programs, 13 master’s level programs, 5 graduate certificates and a Ph.D. in computational science. Dr. Pack hopes to continue to grow the programs. The College vision = To be a preeminent college of engineering, technology, and computer science in education and applied research. The College mission = 1. Educated and train future technical workforce for Tennessee, region, and beyond. 2. Discover new knowledge in engineering, technology and computer Board of Trustees Meeting –March 23, 2016 Page - 3 - science. 3. Engage communities through scholarship and service.
The College has several departments: Civil, Chemical and General Engineering Computer Science & Engineering Electrical Engineering Engineering Management & Technology Mechanical Engineering
Undergraduate Degrees Offered: Chemical Engineering (B.S.Ch.E.) Chemical Engineering: Environmental, (B.S.Ch.E.) Civil Engineering (B.S.C.E.) Electrical Engineering (B.S.E.E.) Mechanical Engineering (B.S.M.E.) Engineering: Computer (B.S.E.) Engineering: Environmental (B.S.E.) Engineering: Industrial (B.S.E.) Computer Science: Software Systems, B.S. Computer Science: Scientific Applications, B.S. Computer Science: Information Security & Assurance, B.S. Computer Science: Data Science, B.S. Computer Science: STEM Education, B.S. Engineering Technology Management: Construction Management, B.S. Engineering Technology Management: Engineering Management, B.S. Minor: Computer Science Minor: Construction Management Minor: Engineering Management
Graduate Degrees Offered:
Master of Science (M.S.): • Engineering with concentrations in • Automotive Systems • Chemical (Chemical Sciences or Environmental) • Civil • Computational • Electrical • Industrial • Mechanical (Energy or Mechanics) • Computer Science with concentrations in • Computer Science • Information Security and Assurance • Data Science • Engineering Management with concentrations in • Engineering Management • Construction Management • Power Systems Management Doctor of Philosophy (Ph.D.): Board of Trustees Meeting –March 23, 2016 Page - 4 -
• Computational Science
Graduate Engineering Certificates: • Nuclear Engineering Post-Baccalaureate Certificate • Power System Protection Post-Baccalaureate Certificate • Smart Grid Post-Baccalaureate Certificate • Smart Power Distribution Post-Baccalaureate Certificate • Sustainable Electric Energy Post-Baccalaureate Certificate Recent CECS Initiatives and Accomplishments:
• New Master’s Degree in Automotive Systems • #7 in the nation as the Best Online Graduate Engineering program according to U.S. News and World Report • One of 20 universities selected by FBI for cyber-security student recruitment • Expanded partnerships with VW, Gestamp, TVA, City of Chattanooga, Chattanooga State, EPB, Oak Ridge National Laboratory, FBI, and DoD • Civil Engineering student Bethany Griffin selected as outstanding Civil Engineering student for the State of Tennessee • Civil Engineering faculty member Ignatius Fomunung selected National Civil Engineer Advisor of the Year • New collaborative research initiatives in cyber security, power system analysis, digital forensics, drones, and transportation • Home of National Center of Excellence in Information Security and Assurance Education and Center for Energy, Transportation, and Environment • New TDoT and DoD research funding over $500k
Partnerships:
• TVA • McKee Foods • Volkswagen • FBI • CIGNA • BCBS • Oak Ridge National Lab • EPB • Chattanooga State • Denso • Beaulieu • Bridgestone • Assoc. Gen. Contractors • Komatsu • Gestamp • City of Chattanooga • Hamilton County Board of Trustees Meeting –March 23, 2016 Page - 5 -
Many of our faculty and alumni are well recognized in their field.
A few quick facts for the College in the Fall of 2015: 1,219 Undergraduate students and 194 graduate students 93.2% were residents and 6.8% were non-residents 84% were male students with 16% female students We have had many individuals that have benefited from the UCFoundation professorship.
In the absence of Dr. Bill Stacy, Chair of the Grants Committee, Executive Director Bryan Grants Rowland presented the FY17 Funding requests: Committee Report: 2017 Non Category Funding Recurring Requests Strategic Initiatives Recurring Complete College/Student Success $60,000 Addressing TN Promise and Hope needs $0 First Year Experience $0 Curriculum redesign $0 Start-up for Centers & Institutes $0 New Faculty Start-up $100,000 Advanced Manufacturing Application Center $0 Summer Bridge Program $0 Community Research Initiatives $100,000 Affordable Course Materials Initiatives $15,000 Student Recruitment & Marketing $62,000 Earlier Investigator Program $50,000 Federal Grant Proposal Writing Workshop $50,000 High Performance Computing (HPC) $150,000 Infrastructure Repurposed Gen. Ed. Courses $75,000 Supplemental Instruction $30,000 Probation Program $30,000 Honors College (Brock Scholar Housing Stipend) $90,000 Ralph W. Hood Collection - Library $48,000
Faculty Development Faculty Development & Teaching Innovation $30,000 Faculty Appreciation Day $20,000 Provost Leadership Series $20,000
Executive Partnerships Chancellor's Fund $10,000 Provost's Fund $10,000
Board of Trustees Meeting –March 23, 2016 Page - 6 -
Student Scholarships Leadership Awards $50,000 Chancellor/Provost Scholarships $425,000 Music Performance Awards $100,000 Athletic Scholarships $50,000 Enhancing Graduate Assistantships $100,000 International Studies Scholarships (match) $20,000
Restricted (Quasi Endowment) UC Foundation Professorships $46,500 John Stagmaier Professorship $17,500 Dr. Leroy Martin Distinguished Prof. $20,000 Dorothy Patten Fine Arts Series $25,000 $924,000 $880,000 GRAND TOTALS $1,804,000
TOTAL FUNDS AVAILABLE FY17 = $1,804,311 Dr. Rowland thanked the Grants Committee for the diligent job they performed and thanked Dr. Bill Stacy for his leadership of the committee.
Endowment Chair John Foy presented the report to the Board. The volatility of the market Endowment has been pretty severe and we are down about 2.5%. Total endowment is $116M vs. Committee $123M a year ago. The short term investments Pool B is about 1.2% interest and Report: performing well. The SMILE Fund was started at $250k. It hit the market at about the worst time and is now at $235k and fighting their way back. The education received from this experience has been outstanding.
Executive Dr. Rowland thanked the Foundation and their work through all the committees. Director’s The Executive Director suggested that if you see the coaches on campus to thank them for Report: all their work they have put into the teams. The Alumni Office organized the annual Athletic Hall of Fame Dinner. It was a great success. The College of Arts and Science held a fundraising dinner in honor of Dr. Glenn Draper and raised over $17,500. New Hires for our division: Terry Frederiksen – Director of Major Gifts for CHEPS Kirby Johnson – Director of Major Gifts for College of Engineering and Computer Science
Caleb Whitted and his wife Jody are expecting their first daughter imminently.
Terri Clark was promoted to Assistant Vice Chancellor for Development and Alumni Affairs.
Paul Clark was promoted to Executive Director of Regional and Planned Giving.
System total we were up almost $19M for the month of February ($177M for the system).
Board of Trustees Meeting –March 23, 2016 Page - 7 -
Dean Robert Dooley – College of Business and Development Director Caroline von Kessler are doing a great job. A number of our units are doing a terrific job. YTD we are at $7.6M for UTC. Our cash is trending well and we are up in total donors. We are at 67% of our goal. March so far is one of the biggest months so far this year.
Prior to the next meeting we will be taking pictures of all the trustees.
Adjournment: The meeting was adjourned at 1:32 p.m. – Next meeting date is June 8, 2016.
______Corinne Allen, Secretary
Board of Trustees Meeting –March 23, 2016 Page - 8 -
ACTION ITEM FROM THE EXECUTIVE COMMITTEE May 18, 2016
On a motion by Grady Williams with a second by Corinne Allen, it was approved via electronic vote to accept the Scott L. Probasco, Jr. Distinguished Chair of Free Enterprise 2016-2017 budget.
TREASURER/FINANCE REPORT University of Chattanooga Foundation, Inc. Statement of Financial Position As of March 31, 2016, and March 31, 2015
March 31, 2016 March 31, 2015 ASSETS
Investment Pool A $ 118,601,945 $ 120,274,237 Investment Pool B 4,132,985 4,687,541 Investment Held for UTC 5,032,669 4,230,886 Investment Held for Sim Center 2,165 879,441 Investment Lupton Renaissance 1,320,069 1,395,492 Investment Philp 48,713 51,143 Interest receivable 140,913 136,110 Interest receivable - Excess Building Cost - 71,610 Computer loan receivable 9,466 8,065 Land - - Other investments - - Due from CDFI - 985,741 Note receivable from CDFI 2,367,456 3,000,000 Assets in Transfer 1 Total Assets $ 131,656,381 $ 135,720,266
LIABILITIES
Payable - Grants $ - - Payable-UTFI 747,463 157,979 Payable - Sim Center 1,524,880 2,478,277 Payable - UTC 6,877 Payable to UTC - Lupton funds 1,122,260 1,151,359
Total Liabilities $ 3,401,480 $ 3,787,615
FUND BALANCE
Beginning fund balance $ 128,785,588 $ 122,915,888 Increase (decrease) (530,687) 9,016,763
Ending fund balance $ 128,254,901 $ 131,932,650
Ending fund balance plus liabilities $ 131,656,381 $ 135,720,266 University of Chattanooga Foundation, Inc. Statement of Activities For the Period Ending March 31, 2016, and March 31, 2015
3rd QTR ended YTD YTD March 31, 2016 March 31, 2016 March 31, 2015
REVENUES, GAINS, AND OTHER SUPPORT
Contributions Pool A $ 1,484,305 $ 2,513,562 $ 2,190,433 Contributions Pool B 148,281 599,828 1,095,058 Contributions Held for UTC 654,629 1,969,573 2,131,624 Non-cash contributions - - Realized/Unrealized gain/(loss) on investments (494,359) (5,872,481) 2,132,406 Interest and dividend income 235,476 1,132,774 1,257,380 Contribution from CDFI 713,674 Other income - 1,050
Total revenues, gains, and other support $ 2,028,331 $ 343,256 $ 9,521,625
EXPENSES
Grants $ 68,953 $ 109,770 $ 96,267 Grants returned (226,060) (250,870) (6,492) Contribution to CDFI - - Computer Loan Write-Offs - (130)
Total grants $ (157,107) $ (141,100) $ 89,645
PROFESSIONAL FEES
Accounting services $ 17,500 $ 35,000 $ 52,500 Audit fees - 34,050 30,450 Legal services - 300 420 Consulting services 21,250 63,750 63,750 Custodial fees 14,267 41,453 39,463 Credit Card Fees 2,503 8,796 7,238 Fund management fees - - Tax expense - 63,830 47,242 Insurance premiums 14,968 14,968 16,159 Property expense - - UTFI contribution 249,154 747,463 157,979 Miscellaneous expense 427 5,433 16
Total professional fees $ 320,069 $ 1,015,044 $ 415,217
Total expenses $ 162,962 $ 873,943 $ 504,862
Increase (decrease) in net assets $ 1,865,369 $ (530,687) $ 9,016,763
NET ASSETS, beginning of period $ 126,389,532 $ 128,785,588 $ 122,915,887
NET ASSETS, end of period $ 128,254,901 $ 128,254,901 $ 131,932,650 UNIVERSITY OF CHATTANOOGA FOUNDATION, INC. Fund Balance Summary As of March 31, 2016
Assets Liabilities Principal Income Total
SCHOLARSHIPS Permanently Restricted Scholarship Funds 28,678,371.67 - 28,430,109.58 248,262.09 28,678,371.67 Temporarily Restricted Scholarships Funds 798,191.52 - 791,651.53 6,539.99 798,191.52 TOTAL SCHOLARSHIPS FUNDS 29,476,563.19 - 29,221,761.11 254,802.08 29,476,563.19 PROFESSORSHIPS College of Business 4,288,447.12 - 4,254,435.30 34,011.82 4,288,447.12 Education 2,528,584.40 - 2,510,878.47 17,705.93 2,528,584.40 Engineering 181,097.50 - 174,156.02 6,941.48 181,097.50 English 1,354,402.79 - 1,345,154.23 9,248.56 1,354,402.79 History 44,355.44 - 44,044.89 310.55 44,355.44 Music 423,270.89 - 407,335.84 15,935.05 423,270.89 Nursing 1,786,640.63 - 1,780,119.84 6,520.79 1,786,640.63 Physical Therapy 34,211.37 - 33,971.79 239.58 34,211.37 Political Science 286,794.90 - 284,786.55 2,008.35 286,794.90 Sciences 363,122.01 - 360,931.48 2,190.53 363,122.01 Non-Program Specific 4,051,847.63 - 3,687,368.96 364,478.67 4,051,847.63 TOTAL PROFESSORSHIPS 15,342,774.68 - 14,883,183.37 459,591.31 15,342,774.68 ACADEMIC PROGRAMS and CHAIRS Zeboim C. Patten Fund-Board Restricted 3,567,786.37 - 3,069,927.42 497,858.95 3,567,786.37 College of Arts and Science- Permanently Restricted 7,460,379.92 - 7,400,874.09 59,505.83 7,460,379.92 College of Arts and Science- Temporarily Restricted 107,410.33 - 106,056.24 1,354.09 107,410.33 College of Health, Educ, and Prof Studies- Permanently Restricted 1,803,251.17 - 1,782,670.25 20,580.92 1,803,251.17 College of Health, Educ, and Prof Studies- Temporarily Restricted 6,029.59 - 5,737.08 292.51 6,029.59 College of Business- Permanently Restricted 807,888.73 - 802,202.01 5,686.72 807,888.73 College of Business- Temporarily Restricted 548,020.84 - 538,182.87 9,837.97 548,020.84 College of Eng and Comp Science- Permanently Restricted 1,788,409.76 - 1,775,649.30 12,760.46 1,788,409.76 College of Eng and Comp Science- Temporarily Restricted 2,247.33 - 2,229.35 17.98 2,247.33 Honors College- Temporarily Restricted 976,874.90 - 964,835.16 12,039.74 976,874.90 UHON - Permanently Restricted 35,925.01 - 35,673.41 251.60 35,925.01 Library- Permanently Restricted 2,181,582.18 - 2,165,976.95 15,605.23 2,181,582.18 Probasco Chair-Permanently Restricted 11,504,721.62 - 10,623,233.30 881,488.32 11,504,721.62 Tennessee Tomorrow - Permanently Restricted 4,696,493.00 - 4,663,604.45 32,888.55 4,696,493.00 ACADEMIC PROGRAMS and CHAIRS 35,487,020.75 - 33,936,851.88 1,550,168.87 35,487,020.75 PROGRAM FUNDS by Area Athletics 1,292,582.22 (5,631.00) 1,315,352.86 (28,401.64) 1,286,951.22 Business 108,109.90 - 107,078.00 1,031.90 108,109.90 Chancellor Funds 1,360,849.75 (1,122,259.70) (1,226,170.69) 1,464,760.74 238,590.05 Education 157,561.71 - 155,990.51 1,571.20 157,561.71 Engineering and Comp Sci 166,784.53 - 164,633.52 2,151.01 166,784.53 Facilities 56,844.80 - 55,997.30 847.50 56,844.80 Faculty Development 174,130.46 - 172,911.04 1,219.42 174,130.46 UNIVERSITY OF CHATTANOOGA FOUNDATION, INC. Fund Balance Summary As of March 31, 2016
Assets Liabilities Principal Income Total
Faculty/Staff Support 411,070.18 - 316,663.43 94,406.75 411,070.18 Provost 40,039,257.72 (1,525,120.45) 38,098,112.25 416,025.02 38,514,137.27 Miscellaneous 54,585.70 - 48,019.59 6,566.11 54,585.70 Fine Arts Center 13,414.86 - 13,028.34 386.52 13,414.86 Student Development 200,764.85 - 199,150.29 1,614.56 200,764.85 SIM Center Funds 2,165.22 - (13,388.51) 15,553.73 2,165.22 Pass Through Funds 39,300.29 (1,006.30) 35,900.14 2,393.85 38,293.99 PROGRAM FUNDS by Area 44,077,422.19 (2,654,017.45) 39,443,278.07 1,980,126.67 41,423,404.74
UTC ANNUAL GIVING Scholarships 111,835.81 - 110,666.81 1,169.00 111,835.81 Administrative Offices 37,772.73 - 37,091.77 680.96 37,772.73 Athletics 1,375,497.05 - 1,358,723.67 16,773.38 1,375,497.05 Campus 1,163,878.86 - 1,150,784.56 13,094.30 1,163,878.86 College of Arts and Science 306,097.55 - 301,847.05 4,250.50 306,097.55 College of Business 1,148,574.11 - 1,130,908.17 17,665.94 1,148,574.11 College of Education 142,309.86 - 139,200.47 3,109.39 142,309.86 College of Engineering 478,809.77 - 474,014.63 4,795.14 478,809.77 Center for Career Community Education 14,219.51 - 14,039.72 179.79 14,219.51 Facilites 51,998.23 - 51,274.66 723.57 51,998.23 Fine Arts Center 26,206.55 - 26,064.01 142.54 26,206.55 Graduate School 10,419.28 - 10,182.10 237.18 10,419.28 Honors College 122,294.05 - 119,531.19 2,762.86 122,294.05 Library 12,842.47 - 12,702.14 140.33 12,842.47 Student Development 38,205.29 - 37,524.46 680.83 38,205.29 Enrollment Services 12,159.76 - 11,944.33 215.43 12,159.76 UTC ANNUAL GIVING Total 5,053,120.07 - 4,986,498.93 66,621.14 5,053,120.07
UC FOUNDATION 2,219,480.43 (747,462.75) 2,349,056.26 (877,038.58) 1,472,017.68 Total Fund Balances 131,656,381 (3,401,480) 124,820,630 3,434,271 128,254,901
Assets Liabilities Principal Income Total BALANCES BY INVESTMENT POOL POOL A 119,157,994.62 (1,525,120.45) 114,965,791.54 2,667,082.63 117,632,874.17 POOL B 11,129,604.86 (754,100.05) 11,107,535.89 (732,031.08) 10,375,504.81 Lupton Renaissance 1,320,068.62 (1,122,259.70) (1,300,136.30) 1,497,945.22 197,808.92 McDonald and Philp 48,713.21 - 47,438.49 1,274.72 48,713.21
Total Fund Balance 131,656,381 (3,401,480) 124,820,630 3,434,271 128,254,901
Office of Development & Alumni Affairs Budget Update May 11, 2016
We Shall Achieve FY 2016 Budget
• Total Campus Budget - $2.30 million • Staff Salaries - $1.95 million • Operational Budget - $400,100 – Advancement: $32,400 – Alumni Affairs: $96,000 – Development: $271,600
We Shall Achieve FY 16 Objectives • Support newly adopted UTC strategic plan • Recruit and hire division staff members • Complete south campus debt refinancing • Reinvigorate planned giving program • Expand annual giving program • Expand college based fundraising program • Enhance alumni engagement
We Shall Achieve FY 16 Campus Fundraising Goals • Increase new gifts, pledges and bequests – Five Year Average: $10,010,000 – Goal: $12,012,000 (20% increase) • Increase number of UTC alumni who donate – Five Year Average: 2,577 – Goal: 2,809 (8% increase) • Increase number of total donors to UTC – Five Year Average: 5,530 – Goal: 6,636 (20% increase)
We Shall Achieve Progress to Goal
Category FY 16 To Date* FY 16 Goal % to Goal
Gifts and $12,012,000 83% Pledges $10,060,062
Alumni Donors 2,249 2,809 80%
Donors 5,858 6,636 88%
Fiscal Year: July 1 - June 30 * As of 4/30/2016
We Shall Achieve Fundraising at UTC
5 Year Projected FY2010 FY2011 FY2012 FY2013 FY2014 FY 2015 Average FY 2016 (FY 11-15)
New Gifts and $10,630,550 $10,899,684 $8,656,965 $10,222,551 $6,375,134 $14,484,112 $10,127,749 $14,000,000 Pledges
Cash $6,009,152 $5,346,514 $6,886,309 $6,517,915 $7,171,464 $8,185,746 $6,821,590 NA
Donors 5,628 4,940 5,745 6,061 6,163 4,743 5,530 6,636
We Shall Achieve Key Strengths
• Perceptions of UTC • UC Foundation – Board – Balance Sheet • UTFI, UCF and UTC commitment to growth and expansion
We Shall Achieve
Institutional Results FY11 – FY16 YTD
We Shall Achieve Alumni Participation Factors – FY13-15
Factor FY 2013 FY 2014 FY 2015
Alumni of Record 50,044 52,066 56,148
Alumni Donors 2,601 2,746 2,629
Alumni Participation 5.2% 5.3% 4.7%
$ Giving by Alumni $1,421,853 $1,758,396 $1,246,568
Average Gift by Alumni $547 $640 $474
We Shall Achieve
$10,222,551
$8,656,965
$6,886,309 $7,171,464 $6,517,915 $6,375,134
We Shall Achieve
We Shall Achieve University of Chattanooga Foundation – Historic Asset Balances
Fiscal Year Unrestricted Total Endowed Total Assets (at June 30) Endowment Assets
FY01 $43,863,059 $94,311,816 $99,944,981
FY05 $41,092,127 $97,475,865 $109,576,901
FY10 $25,955,268 $78,639,768 $91,016,524
FY15 $38,534,885 $119,847,896 $131,436,260
FY20 ? ? ?
We Shall Achieve University of Chattanooga Foundation Historic Asset Balances FY01 – FY15 (subset) $140,000,000 $131.43M $119.85M $120,000,000 $109.57M $99.94M $94.31M $97.47M $100,000,000 $91.01M
$78.64M $80,000,000
$60,000,000 $43.86M $41.09M $38.53M $40,000,000 $25.95M
$20,000,000
$0 FY01 FY05 FY10 FY15
Unrestricted Endowment Total Endowed Assets Total Assets
We Shall Achieve
Return on Investment
We Shall Achieve Division Organizational Chart - 2014
We Shall Achieve Division Organizational Chart - 2016
We Shall Achieve
REAL ESTATE REPORT 3 YEAR COMPARISON BALANCE SHEET ACTUALS AT MARCH 31ST
FY 2014 FY 2015 FY 2016 ASSETS
UNIVERSITY CASH ACCOUNTS UTC Distribution 479,799.35 203,570.40 447,209.97 UTC Rent Deposits 40,617.87 100,220.64 342,419.80 Past Due Rents-SunTrust 987.74 5.00 85.41 TOTAL UNIVERSITY CASH 521,404.96 303,796.04 789,715.18
RESTRICTED CASH Trustee Draw-Revenue Fund 0.00 0.00 0.00 DSR/Housing 6,133,475.00 6,133,475.00 5,157,698.38 Surplus 4,493,847.92 4,620,914.88 3,039,510.30 Bond Fund 2,985,464.94 3,088,304.17 2,184,751.47 R&R Fund 1,076,464.55 1,211,951.82 1,068,709.77 TOTAL RESTRICTED CASH 14,689,252.41 15,054,645.87 11,450,669.92
ACCOUNTS RECEIVABLE UTC Tenant A/R 256,434.17 194,018.23 343,490.51 UTC Allowance for Bad Debt (57,302.00) (62,935.79) (64,593.81) Misc A/R 104,378.71 104,378.71 0.00 TOTAL ACCOUNTS RECEIVABLE 303,510.88 235,461.15 278,896.70
Prepaid Expenses 87,114.00 72,166.68 209,818.94
TOTAL CURRENT ASSESTS 15,601,282.25 15,666,069.74 12,729,100.74
PROPERTY AND EQUIPMENT Land 3,988,908.23 3,988,908.23 3,488,908.23 Building 72,337,546.95 72,337,546.95 62,992,715.37 Building Improvements 407,006.37 820,551.91 847,232.97 Furniture Fixture & Equipment 5,285,774.99 5,546,875.57 5,724,043.25 Accum Depr-Building (29,088,162.60) (31,684,005.12) (29,171,339.73) Accum Deprec-Building Improv (206,465.38) (263,488.95) (308,953.11) Accum Deprec-FFE (4,883,345.72) (5,115,828.76) (5,302,425.33) TOTAL PROPERTY AND EQUIPMENT 47,841,262.84 45,630,559.83 38,270,181.65
DEFFERED EXPENSES Bond Issuance Cost 545,414.28 545,414.28 873,588.14 Accum Amort-Bond Issue Cost (160,454.51) (178,634.99) (22,434.60) TOTAL DEFFERED EXPENES 384,959.77 366,779.29 851,153.54
Total Assets 63,827,504.86 61,663,408.86 51,850,435.93
5/10/2016 at 5:16 PM Unaudited - For Management Purposes Only LIABILITIES AND CAPITAL
CURRENT LIABILITIES Accounts Payable 16,703.51 91,398.27 95,133.65 Unearned Tenant Rent 1,290,192.14 1,310,790.83 1,302,566.15 A/P Accrued Expenses 38,734.11 21,293.26 564.17 A/P from R&R Fund 143,768.32 395,305.06 205,317.29 Accrued Payroll 22,575.20 11,673.48 20,129.88 TOTAL CURRENT LIABILITIES 1,511,973.28 1,830,460.90 1,623,711.14
BONDS PAYABLE Bond Payable 78,470,000.00 76,480,000.00 65,895,000.00 Bond Interest Payable 2,069,500.02 2,018,625.00 1,116,481.85 Bond Fees Payable 78,303.50 86,295.50 67,649.85 Bond Discount (1,319,405.06) (1,235,075.29) 0 Bond Premium 0.00 0.00 5,901,221.70 TOTAL BONDS PAYABLE 79,298,398.46 77,349,845.21 72,980,353.40
Related Parties 3,615,815.76 2,102,196.51 0.00
Total Long-Term Liabilities 82,914,214.22 79,452,041.72 72,980,353.40
Total Liabilities 84,426,187.50 81,282,502.62 74,604,064.54
Capital Beginning Balance Equity 0.00 0.00 0.00 Retained Earnings (22,953,879.30) (22,436,760.03) (20,588,059.52) Net Income 2,355,196.66 2,817,666.27 (2,165,569.09)
Total Capital (20,598,682.64) (19,619,093.76) (22,753,628.61)
Total Liabilities & Capital 63,827,504.86 61,663,408.86 51,850,435.93
5/10/2016 at 5:16 PM Unaudited - For Management Purposes Only 3 YEAR COMPARISON INCOME STATEMENT ACTUALS AT MARCH 31ST
FY 2014 FY 2015 FY 2016 REVENUES Rental Income Market Rent 9,292,520.64 9,566,333.62 9,503,074.16 Camp/Conference Revenue 84,947.00 110,823.00 79,222.73 Net Rental Income 9,377,467.64 9,677,156.62 9,582,296.89
Other Leasing Incomes Application Fees 29,307.00 25,679.50 31,291.00 Damage Fee Income 11,945.50 11,955.84 19,754.00 Misc Fines 54,242.18 54,891.82 53,062.29 Total Other Leasing Incomes 95,494.68 92,527.16 104,107.29
OTHER INCOME Parking Income 178,279.74 255,687.97 256,093.75 Interest Income 245,969.48 191,135.60 90,045.99 Investment Income 4,223.84 10,297.32 (10,928.47) Miscellaneous Income - - - TOTAL OTHER INCOME 428,473.06 457,120.89 335,211.27
TOTAL OPERATING INCOME 9,901,435.38 10,226,804.67 10,021,615.45
EXPENSES ADMINISTRATIVE EXPENSES Bank Fees 153.34 70.00 95.00 RMS Software Cost 8,039.50 8,280.50 12,729.00 Legal Expenses 812.35 830.11 1,333.14 Licenses & Permits 805.00 805.00 950.00 Office Equipment-Purchase 144.30 64.75 275.96 Office Supplies 1,288.64 1,913.48 3,131.64 Office Printing 392.45 272.35 226.93 Office Postage - - - Office Telephone 8.00 14.00 32.80 Office Cellular & Pagers 2,160.00 2,160.00 2,104.00 Professional Staff Training 3,560.72 4,985.10 6,260.79 Staff Uniforms 1,891.20 2,602.17 3,776.50 Travel/Parking 5,868.42 4,457.81 1,520.33 Meals & Entertainment - - - Vehicle Maintenance/Gas/Shuttle 1,162.76 573.70 413.65 Other Admin Costs 5,630.06 7,842.03 5,898.69 Sales Tax Expense - - 286.00 Management Fee 150,000.03 166,666.67 168,750.00 TOTAL ADMIN EXPENSE 181,916.77 201,537.67 207,784.43 PAYROLL EXPENSE Professional Salaries 50,593.57 45,037.50 69,040.72 Staff Salaries 206,911.55 209,911.49 209,705.07 RA Salary 34,327.88 31,881.72 27,086.71 RA Scholarship 62,094.00 62,851.00 68,600.00 Resident Director/Area Coordinator 107,528.33 134,491.01 120,618.69 Bonuses 14,267.75 10,345.64 - Benefits 134,612.48 152,915.15 156,282.51 Payroll Taxes 29,952.40 31,246.36 31,540.65 401K Match 4,522.32 5,597.23 8,551.44 TOTAL PAYROLL EXPENSE 644,810.28 684,277.10 691,425.79
BAD DEBT Write-off Uncollectible 90,371.92 80,507.44 64,593.81 Bad Debt Recovery (26,870.50) (14,940.89) (418.62) TOTAL BAD DEBT 63,501.42 65,566.55 64,175.19
RESIDENCE LIFE Staff Development (Student Staff) 1,871.33 - - Resident Programming 17,943.42 9,475.21 15,756.96 Staff Training (Student Staff) 3,975.34 6,251.76 6,918.00 TOTAL RESIDENCE LIFE 23,790.09 15,726.97 22,674.96
UTILITIES Cable 48,370.29 27,193.32 29,999.45 Electricity 526,404.09 524,522.34 504,983.04 Water 186,305.53 188,462.20 210,734.64 Telephone-Dorm 87,988.58 87,206.95 87,913.85 TOTAL UTILITIES 849,068.49 827,384.81 833,630.98
CONTRACT SERVICES Exterminator 5,054.52 5,077.53 26,699.11 Trash Removal 33,192.54 37,509.02 36,459.58 Compactor Rental - - - Mail Service 15,000.00 15,000.00 15,000.00 Fire/Security System 22,150.70 18,356.01 14,355.70 Landscaping Contract 33,575.00 59,537.69 73,139.55 Landscaping Other 10,855.00 13,427.93 11,931.35 Elevator Maintenance 3,921.38 8,547.89 7,540.23 Security Personnel-Contract 77,158.26 79,472.97 81,857.16 Laundry Service 17,582.87 16,922.82 3,729.00 Cleaning Service 187,935.60 177,177.81 163,726.63 Camera/Card Access Contract 32,430.00 25,200.00 28,791.34 Other Contract Services - - - TOTAL CONTRACT SERVICES 438,855.87 456,229.67 463,229.65 BLDG MAINTANENCE Cleaning Supplies 5,118.92 4,475.77 3,747.24 Maintenance Supplies 1,600.52 1,778.36 1,221.92 Appliance Replacement 4,115.36 5,618.44 6,320.50 Appliance Repair & Maint 4,025.45 5,552.57 5,080.02 HVAC Repair 36,657.16 35,305.26 37,415.72 Electrical Repair 3,313.42 2,277.46 1,349.85 Plumbing Repair 21,121.29 8,261.79 17,516.41 Flooring Repair & Replacement 1,117.56 11,161.31 1,059.46 Light Bulbs 7,029.25 7,275.08 12,561.34 Signs-Inside 3,659.62 3,983.79 852.27 Walls/Windows/Doors 8,206.42 7,939.76 12,430.51 Furniture-Repair/Replace - 282.50 12,750.00 Painting 77,115.71 130,946.45 80,857.94 Keys/Locks 871.25 2,352.91 1,657.66 Signs-Outside - 4,216.91 467.78 Roof Repair 355.53 - 11,059.43 Other Building Maintenance 146,582.89 220,219.20 100,567.49 TOTAL BLDG MAINTANENCE 320,890.35 451,647.56 306,915.54
INSURANCE 126,806.92 115,004.58 124,198.20 WATER QUALITY FEES 16,588.80 16,243.20 16,243.20
TOTAL OPERATING EXPENSES 2,666,228.99 2,833,618.11 2,730,277.94
Net Operating Income Before Debt Services and Depreciation/Amortization 7,235,206.39 7,393,186.56 7,291,337.51
NON OPERATING INCOME Realized Gain - - 1,852,000.00
TOTAL NON OPERATING INCOME - - 1,852,000.00
TOTAL INCOME 9,901,435.38 10,226,804.67 11,873,615.45
NON OPERATING EXPENSE DEBT SERVICE EXPENSE Interest Expense 3,128,475.01 3,053,374.99 2,693,515.18 Bond Fees Expense 67,470.21 5,512.50 6,052.00 Other Redemption Expense - - 1,523,359.48 TOTAL DEBT SERVICES 3,195,945.22 3,058,887.49 4,222,926.66
GROUND LEASE PAYMENT - - 317,441.12
RELATED PARTIES CONTRIBUTION TO - - 4,860,921.42 DEPRECIATION/AMORTIZATION Building Depreciation 1,973,230.07 1,991,056.58 1,853,579.49 FFE-Depreciation 222,185.69 171,304.25 137,217.41 2005 Bond Issue Amortization 341,248.84 73,364.86 49,929.70 2015 Amortization Bond Premium - - (155,543.80) 2015 Amortization Bond Issue Cost - - 22,434.60 TOTAL DEPRECIATION/AMORTIZATION 2,536,664.60 2,235,725.69 1,907,617.40
TOTAL EXPENSES 8,398,838.81 8,128,231.29 14,039,184.54
NET INCOME 1,502,596.57 2,098,573.38 (2,165,569.09) CDFI Phase I ,LLC Statement of Cash Flow For the Nine Months Ended March 31, 2016 Period 9 of 12
Current Period YTD 3 months 9 months Jan-16 to Jul-15 to Mar-16 Mar-16
Net Income/(Loss) (3,065,541.69) (2,165,569.09)
Adjustments to reconcile net income to net cash provided by operating activity
Depreciation and Amortization (4,389,067.54) (3,153,858.77) Accounts Receiveable, net of allowance 4,179,433.60 146,413.25 Accounts Payable (37,886.70) (325,923.56) Prepaid Insurance and other (148,579.63) (128,903.88) Rents received in advance (4,062,071.17) 1,229,888.75 Total Adjustments (4,458,171.44) (2,232,384.21)
Cash Provided by operating activity (7,523,713.13) (4,397,953.30)
Cash Flow from Investing Building Improvements (12,689.07) (26,681.06) Purchase and disposal of Property & Equipment 9,815,916.76 9,667,663.90 Acquisiton and Disposition of Loan/organization costs (328,173.86) Cash Provided/Used by investing activity 9,803,227.69 9,312,808.98
Cash flow from financing Activities Proceeds from 832,375.40 75,631,104.36 Used for (116,657.85) (79,022,407.95) Related Parties (2,102,196.51) Cash flow used in Financing Activities 715,717.55 (5,493,500.10)
Net increase(decrease) in cash 2,995,232.11 (578,644.42)
Summary
Ending Cash and Cash Equivalents 12,240,385.10 12,240,385.10 Beginning Cash and Cash Equivalents (9,245,152.99) (12,819,029.52)
Net increase(decrease) in cash 2,995,232.11 (578,644.42)
Unaudited - For Management Purposes Only Probasco South Campus Updated 5-10-16 2015/2016 Actual Actual Actual Actual Actual Actual Actual Actual Actual Projected Budgeted Budgeted PROPERTY ACTIVITY July August September October November December January February March April May June 2015 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 BEG Balance University Account 79,673 234,453 338,907 382,408 270,406 658,795 759,781 678,277 518,825 447,210 447,210 447,210 BEG Balance Revenue/Surplus 2,419,638 1,719,628 1,023,920 4,702,187 4,423,285 816,767 356,970 666,162 3,470,511 3,039,510 2,562,571 1,878,936
Tenant Receipts Collected 289,916 4,211,699 428,193 405,932 282,440 1,028,228 3,512,818 283,952 282,565 70,000 50,000 100,000 Bad Debts Collected 23 365 65 39 0 14 57 0 1,995 25 25 2,000 Other Collections 198,235 0 57,859 Total Receipts Collected 289,939 4,212,063 626,492 405,971 282,440 1,028,242 3,512,874 283,952 342,420 70,025 50,025 102,000
Wired to Trustee (UTC Collections) (151,471) (289,939) (4,212,063) (626,492) (405,971) (282,440) (1,021,242) (3,519,874) (283,952) (342,420) (70,025) (50,025) Operating Expense Wired to UTC 309,234 433,396 326,646 273,771 592,942 305,296 275,114 278,589 278,039 382,414 316,714 259,649 Net Interfund Transfers (157,763) (143,457) 3,885,417 352,721 (186,971) (22,856) 746,128 3,241,285 5,913 (39,994) (246,689) (209,624)
Total Retained for Operations 309,234 433,396 326,646 273,771 592,942 305,296 275,114 278,589 278,039 382,414 316,714 259,649
Cash Disbursements for expenses 154,455 328,941 283,145 385,773 204,553 204,310 356,618 438,041 349,654 382,414 316,714 259,649 Return Operating Cash excess Trustee Expense 10,000 1,354 20,448 Allocation to Bond Accounts 542,256 542,256 205,819 631,646 979,462 436,946 436,946 436,946 436,946 436,946 436,946 797,240 Bond Fee Expense 0 Total Expenses Paid 696,711 881,197 490,318 1,017,419 1,204,463 641,255 793,563 874,987 786,599 819,360 753,660 1,056,889
Surplus Fund Interest Income 9 5 23 22 0 5 8 10 32 Bond Fund Interest Income 0 0 110,652 1,352 2,373 Security Fund Draw 0 Refund to CDFI 2,419,638
Ending Cash in Surplus/Revenue 1,719,628 1,023,920 4,702,187 4,423,285 816,767 356,970 666,162 3,470,511 3,039,510 2,562,571 1,878,936 872,073 Ending Cash in University Account 234,453 338,907 382,408 270,406 658,795 759,781 678,277 518,825 447,210 447,210 447,210 447,210 Cash Balance - Ending 1,954,080 1,362,827 5,084,595 4,693,691 1,475,562 1,116,752 1,344,439 3,989,336 3,486,720 3,009,781 2,326,146 1,319,283
R&R Fund Beginning Balance 1,304,142 1,335,794 1,367,446 1,399,098 1,037,027 1,068,679 1,068,679 1,068,679 1,068,679 1,068,679 1,068,679 1,068,679 Monthly Allocation 31,652 31,652 31,652 31,652 31,652 360,294 Draw request 393,723 True Up: Ending Balance 1,335,794 1,367,446 1,399,098 1,037,027 1,068,679 1,068,679 1,068,679 1,068,679 1,068,679 1,068,679 1,068,679 1,428,973 CDFI Phase I, LLC
Debt Service Coverage Ratio Updatedon 2/15/2016 as of December 31, 2015
2005 Bond Issue 2015 Bond Issue Actual Actual Actual Budgeted 2013 2014 2015 2016 Debt Service 2005 Bond Issue Debt Service 2015 Bond Issue Total Total Interest - Cash Basis 4,281,913 4,187,450 4,088,125 Interest - Cash Basis 1,146,426 Principal 1,800,000 1,895,000 1,990,000 Principal Total Debt Service 6,081,913 6,082,450 6,078,125 Total Debt Service 1,146,426
2005A Interest - Cash Basis 3,122,800 3,051,300 2,976,175 Principal 1,395,000 1,465,000 1,540,000 2005A Debt Service 4,517,800 4,516,300 4,516,175
Rate Covenant Requirements: Rate Covenant Requirements: Senior Series 2005A at 1.2 5,421,360 5,419,560 5,419,410 Series 2015 at 1.2 1,375,711 Senior Series 2005A plus Series 2005B at 1.1 6,690,104 6,690,695 6,685,938
Results of Operations: Results of Operations: Revenues 10,754,996 11,205,647 11,613,930 Revenues 11,500,000 Interest Earned on Trusteed Funds 330,152 188,145 211,401 Interest Earned on Trusteed Funds - Transfers from 2005B Security Fund 160,000 - - Transfers from 2005B Security Fund - UC Foundation contributions UC Foundation contributions 11,245,148 11,393,791 11,825,330 11,500,000
Expenses Expenses Management Fees 200,000 200,000 222,917 Management Fees 225,000 Other Operating Expenses 3,094,900 3,244,803 3,472,892 Other Operating Expenses 3,515,470 Total Expenses 3,294,900 3,444,803 3,695,808 Total Expenses 3,740,470
Revenue Available for Debt Service 7,950,248 7,948,989 8,129,522 Revenue Available for Debt Service 7,759,530
Excess (deficiency) : Excess (deficiency) : Senior Series 2005A at 1.2 2,528,888 2,529,429 2,710,112 Series 2015 at 1.2 6,383,819 Senior Series 2005A plus Series 2005B at 1.1 1,260,144 1,258,294 1,443,584 Housing and Residential Life South Campus Report
Dr. John Delaney Dr. Dee Dee Anderson
1
Enrollment Data Fall 2016
Transfer (minus All (minus Freshman (minus PB & readmit- Year graduate) international) transfer) Readmit 2016 6702 5918 622 111 2015 5963 5155 609 138 Difference 739 763 13 -27 % Change 12% 15% 2% -20%
2
South Campus Occupancy Guerry Decosimo Stophel Walker UCF 214 345 601 220 356 Total 4/25/2016 185 267 437 145 344 1378 4/27/2015 18 173 472 149 334 1146 4/28/2014 191 338 506 189 341 1565 4/29/2013 144 266 487 154 326 1377
Academic Year Fall Spring Average 2016 - 2017 74.42% *Upcoming year as of May 1, 2016 2015 - 2016 96.31% 90.57% 93.44% 2014 - 2015 99.88% 95.44% 97.66% 2013 - 2014 99.71% 96.59% 98.15%
Total currently assigned south campus 232 ahead of last year. Total assigned across campus 356 ahead of last year. Total freshman applications highest since 2013. Returning students assigned 128 ahead of last year. 3 Total Campus Occupancy
Johnson UC Boling Lockmiller Obear Stagmaier Guerry Decosimo Stophel Walker Foundation Date 411 371 449 139 214 345 601 220 356 Total 4/25/16 353 128 354 4 185 267 437 145 344 2217 4/27/15 305 99 307 4 18 173 472 149 334 1861 4/28/14 340 173 363 97 191 338 506 189 341 2538 4/29/13 299 206 341 63 144 266 487 154 326 2286
Freshman Returning Students Transfer Students Apps Apps Apps To Complete Assigned To Assign Complete Assigned To Assign Complete Assigned Assign 4/25/16 2088 779 1137 1721 1426 9 115 94 2 4/27/15 1758 553 1015 1959 1298 553 107 13 92 4/28/14 1953 1247 433 1851 1256 380 100 32 60 4/29/13 2075 Not Available 1824 Not Available 102 Not Available • Assignment Date Changed for Returning Students to eliminate the waitlist and need for students to search elsewhere for housing. • Returning student waitlist exhausted 2 months earlier. • Transfers assigned 81 ahead of last year. • If trends continue on applications/assignments we will meet occupancy expectations. 4
Marketing Plan
Targeted Groups: Freshmen, Transfer Students, Parents, and Upperclassmen
Student Feedback: Focus Groups and Annual EBI Survey Results
Printed Material • Freshman Student Mailer • Transfer Student Mailer • Live Connected On Campus Postcard Campus Wide Signage • Yard Signs • Banners • Posters Social Media • Instagram @utchousing #utcliveon • Facebook • Live Connected YouTube Video 5
Upgrades Based on Feedback from Students
Decosimo Courtyard Exercise Stations
6
Upgrades Based on Feedback from Students
Eno Parks at Decosimo and UCF
7
Upgrades Based on Feedback from Students
Sheltered Bike Racks Study Lounge Locations To Be Determined UCF 8
WiFi Update and Schedule
• Equipment estimates have been received and orders have been placed.
• Cabling maps and on site visits by cabling contractors have been completed and quotes pending.
• Estimates remain within the specified budget.
• Start Date: May 1, 2016 • Estimated Completion Date: August 15, 2016
Priority will be placed on completing all of the work within the apartments. As needed, work in hallways and lounge areas will be completed last to ensure that students have Wifi in their rooms when they return to campus. 9
Parking Information
Lot (47-garage) – 445 spaces; 8 handicap Lot (47-1) – 54 spaces; 3 handicap Lot (47-2) – 47 spaces; 5 handicap Lot (47-3) – 89 spaces; 4 handicap Lot (47-4) – 66 spaces
Total: 702; 20 handicap - There are 716 passes sold, of which 8 are housing employees assigned to either Stacy Town Hall, UCF, or Stophel apartments. No other employees are currently assigned in these lots. Eight permit holders live on north campus and 35 do not live on campus.
South Campus Parking Rates: Annual Cost: $550 Prorated Costs: Fall $200 Spring $200 Summer $150 10
11
Meal Plans
Freshmen Plans Upperclassmen Plan 7 Day All Access – Default Plan Gold Club Fund -Unlimited access to Crossroads Dining Hall (7 days per week) • Declining Balance -$150 Mocs Bucks to spend at on campus retail locations. • Used at any on campus retail locations -$1,725 per semester • $725 per semester
5 Day All Access •Unlimited access to Crossroads Dining Hall Monday – Friday. •$350 Mocs Bucks to spend at on campus retail locations. •$1,665 per semester
160 Block •160 visits to Crossroads Dining Hall Each Semester •$475 Mocs Bucks to spend at on campus retail locations. •$1,600 per semester
12
Future Planning
Student Housing Enrollment Management Partnerships
In addition to supporting our comprehensive institutional Enrollment Management strategies, Housing and Residential Life also plays a vital role in supporting targeted enrollment strategies of key departments/programs that plan to substantially increase the number of student participants over the next few years, and /or use Student Housing as a significant recruitment factor in a very competitive marketplace. These partnerships include:
•Honors Program Participants •International Students •Graduate Students •Transfer Students •Chattanooga State Students With Dual UTC Admission Status •Expansion of Living-Learning Communities and Themed-Learning Communities (in partnership with academic and non-academic departments) •Student Athletes •Specialized Groups (E.G., UTHSC residents) as hall space permits
Marketing Plan will be developed by January 2017. This plan will address enrollment needs, occupancy expectations, and new housing.
13
Budget Review
Harriet Neely
14
ENDOWMENT REPORT University of Chattanooga Foundation, Inc. Foundation Performance Estimate as of May 31, 2016
Asset Class / Market Market Target Incept Manager Value Value % % May YTD Date
Developed Markets Equity Large Cap Core Vanguard Russell 3000 Index I $34,251,227 28.8% 1.8% 3.3% Dec‐13 Russell 3000 Index 1.8% 3.4% International Equity Artisan International Fund $9,142,771 7.7% 0.1% ‐2.6% Mar‐10 EAFE Growth Index (in US Dollar NET) ‐0.3% ‐0.5% Dodge & Cox International Stock Fund $8,788,555 7.4% ‐0.9% ‐1.3% Jun‐05 EAFE Value Index (in US Dollar NET) ‐1.6% ‐1.8% Total Developed Markets Equity $52,182,552 43.9% 35.0% 1.0% 1.4% Jan‐03 MSCI World Index (US$) 0.6% 1.8%
Emerging Markets Equity Emerging Markets Aberdeen Emerging Markets Instl Fd Instl $2,893,860 2.4% ‐3.6% 6.3% Apr‐12 MSCI Emerging Markets Index(US$) ‐3.7% 2.3% Columbia Acorn Emerging Markets Z $2,125,230 1.8% ‐2.4% ‐0.9% Jun‐13 MSCI Emerging Markets Index(US$) ‐3.7% 2.3% Hedged Equity ESG Cross Border Equity Offshore Fund Ltd $1,913,177 1.6% 2.5% ‐7.2% Dec‐14 1 HFRI Emerging Markets: Global Index 0.0% 1.9% Total Emerging Markets Equity $6,932,267 5.8% 10.0% ‐1.6% 0.5% Apr‐12 MSCI Emerging Markets Index(US$) ‐3.7% 2.3%
Total Equity $59,114,819 49.8% 45.0% 0.7% 1.3% Jan‐03 MSCI AC World Index 0.1% 1.8%
Global Hedged Opportunities Hedged Equity Pointer Management Offshore, Ltd. $9,302,203 7.8% 2.2% ‐6.2% Jan‐99 1 TSWII, L.P. $5,200,980 4.4% 0.0% ‐5.2% Nov‐98 Global Macro 1 Passport Offshore Ltd. $2,093,776 1.8% 0.0% ‐7.7% Oct‐13 1 Two River Farms, LLC $330,303 0.3% 0.0% 0.0% Jul‐14 Distressed Securities 1 Fir Tree Real Estate Fund III, Ltd. $3,797,182 3.2% 0.0% 1.4% Feb‐13 1 Fir Tree Real Estate Opportunity Fund II $20,334 0.0% ‐1.0% Oct‐10 1 Marathon European Credit Opport Fund II, L.P. $1,664,692 1.4% 0.0% 2.4% Apr‐14 Total Global Hedged Opportunities $22,409,470 18.9% 20.0% 0.9% ‐4.1% Jan‐03 1 HFRI Fund of Funds Index 0.0% ‐2.6% MSCI World Index (US$) 0.6% 1.8%
Private Equity Siguler Guff BRIC Opportunities Fd II $4,712,297 4.0% ‐‐‐‐Jun‐08 Siguler Guff Distressed Opp Fund III $1,186,769 1.0% ‐‐‐‐Jun‐08 Special Situations KKR Special Situations Fund II L.P. $410,891 0.3% ‐‐‐‐Jun‐15 VPC Special Opportunities Fund III GP, L.P. $534,326 0.4% ‐‐‐‐Sep‐15 Total Private Equity $6,844,283 5.8% 10.0% ‐‐ ‐‐ Jun‐08 University of Chattanooga Foundation, Inc. Foundation Performance Estimate as of May 31, 2016
Asset Class / Market Market Target Incept Manager Value Value % % May YTD Date
Income Oriented Direct Lending BlueBay Direct Lending Fund II US SLP $676,346 0.6% ‐‐‐‐Jun‐15 GSO European Senior Debt Fund LP $121,274 0.1% ‐‐‐‐Nov‐15 Highbridge Princ Strat‐Specialty Loan Fd III $3,572,444 3.0% ‐‐‐‐Sep‐12 KKR Lending Partners II L.P. $1,314,993 1.1% ‐‐‐‐Oct‐14 KKR Lending Partners L.P. $2,475,140 2.1% ‐‐‐‐Nov‐12 Absolute Return Gruss Global Investors Ltd $2,348,795 2.0% 0.0% 1.4% Oct‐13 Watershed Capital Ptrs L.P. $802,429 0.7% 0.1% 6.3% Oct‐13 MidOcean Credit Opportunity Fund, Ltd. $2,332,279 2.0% 1.4% 1.7% Oct‐13 Fixed Income 1 Rimrock High Income Plus Fund, Ltd $5,292,766 4.5% 0.0% ‐1.3% Jul‐14 Barclays Aggregate Bond Index 0.0% 3.5% Total Income Oriented $18,936,466 15.9% 20.0% 0.2% 0.3% Jan‐03 Barclays Aggregate Bond Index 0.0% 3.5%
Real Assets Master Ltd Partnership ‐ Infrastructure 1 Kayne Anderson MLP Fund $1,101,476 0.9% 0.0% 3.6% Sep‐11 Alerian MLP Index1 0.0% 6.4% Private Real Estate Metropolitan RE Partners Global $1,831,245 1.5% ‐‐‐‐Oct‐07 Private Energy Kayne Anderson Energy Fund VI, L.P. $1,589,535 1.3% ‐‐‐‐Sep‐12 Kayne Anderson Energy Fund VII, L.P. $601,090 0.5% ‐‐‐‐Dec‐15 Total Real Assets $5,123,346 4.3% 5.0% 0.0% 0.8% Oct‐07
Cash and Equivalents SunTrust Cash Account $6,296,791 5.3% 0.0% 0.0% Jan‐06 T‐Bills (90 Day) Index 0.0% 0.0% Watershed Capital Partners Receivable $56,918 ‐‐ ‐‐ Feb‐16 Total Cash and Equivalents $6,353,709 5.3% 0.0% 0.0% Jan‐03
Total Fund $118,782,094 100.0% 100.0% 0.6% 0.0% Jan‐98 3 Long Term/Passive Benchmark 0.1% 2.3%
1 Performance estimate as of April 30, 2016 2 Performance estimate as of May 13, 2016
3 Long Term/Passive Benchmark: 80% MSCI AC World Index, 20% Barclays Aggregate Bond Index University of Chattanooga Foundation, Inc. Pool B Performance Estimate as of May 31, 2016
Asset Class / Market Market Market Target Manager Value 4/30 Value Value % % May YTD
Income Oriented Core Vanguard Total Bond Market ETF $4,259,597 $4,250,869 46.4% 0.0% 3.4% Barclays Aggregate Bond Index 0.0% 3.5% Short Vanguard Short‐Term Bond ETF $4,202,602 $4,189,047 45.8% ‐0.2% 1.5% ML 1‐3 Corporate/Government Index ‐0.1% 1.1% Total Income Oriented $8,462,199 $8,439,916 92.2% 100.0% ‐0.1% 2.4% 1 Income Oriented Custom Benchmark 0.0% 2.3%
Cash and Equivalents Cash & Equivalents SunTrust Cash Account $1,505,234 $1,505,234 7.8% 0.0% 0.0% T‐Bills (90 Day) Index 0.0% 0.0% Total Cash and Equivalents $1,505,234 $1,505,234 7.8% 0.0% 0.0%
Total Fund $9,967,433 $9,945,151 100.0% 100.0% ‐0.1% 2.1%
1 Income Oriented Custom Benchmark ‐ 50% Barclays Aggregate Bond Index & 50% ML 1‐3 Corporate/Government Index
NOMINATING COMMITTEE REPORT UC Foundation 2016-2017 Trustee Nominations OFFICERS
Current Terms Expiring 16-17 Nominees/Suggestions Bucky Wolford, Chair Bucky Wolford, Chair Kim White, Vice Chair Kim White, Vice Chair John Foy, Treasurer John Foy, Treasurer Corinne Allen, Secretary Corinne Allen, Secretary Fred Decosimo, Immed. Past Chair Fred Decosimo, Immed. Past Chair
Term Expires Term Expires Term Expires Term Expires June 30, 2016 June 30, 2017 June 30, 2018 June 30, 2019
Alan Derthick Corinne Allen Karlene Claridy B.B. Bell Breege Farrell Mike Costello Max Fuller Melanie Blake Jim Hall Nancy Collum Vicky Gregg Alexis Bogo Scott LeRoy Fred Decosimo Barbara Haskew Charles Cofield BettyeLynn Smith John Foy Robby Jones Zan Guerry Bill Stacy Tom Griscom Ladell McCullough John Guthrie Tony Vest John Murphy Ashlee Patten Bill Kilbride Sue Anne Wells Greg Vital Scott Probasco Scott Maclellan Grady Williams Andy Walker Chris Ramsey JoAnn Yates Bucky Wolford Miller Welborn Kim White
Term Expires Term Expires Term Expires Term Expires June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020(Nominees) Corinne Allen Karlene Claridy B. B. Bell Alan Derthick Mike Costello Max Fuller Melanie Blake Breege Farrell Nancy Collum Vicky Gregg Alexis Bogo Mike Kramer Fred Decosimo Barbara Haskew Charles Cofield Scott LeRoy John Foy Robby Jones Zan Guerry Mitch Patel Tom Griscom Ladell McCullough John Guthrie JoAnn Yates John Murphy Ashlee Patten Bill Kilbride Greg Vital Scott Probasco Scott Maclellan Andy Walker Chris Ramsey Bucky Wolford Miller Welborn Kim White
ALTERNATES 1. 2. Per Article IV, Section 2 (a) of the By-laws The Board shall consist of no more than forty-two (42) elected voting Trustees.
EXECUTIVE DIRECTOR’S REPORT
Dept 6806 615 McCallie Avenue Chattanooga. TN 37403 Phone (423) 425-4232 wwwutc.edu
University of Chattanooga Foundation Executive Director’s Report June 2016
Thank you very much for your hard-work and dedication to the University of Chattanooga Foundation and to the University of Tennessee at Chattanooga. Your efforts to support our students and faculty/staff make a tremendous impact. As the fiscal year comes to a close the staff of development and alumni affairs say thank you!
Below is a summary of some of the activities of the UC Foundation and the UTC development and alumni office. The fundraising totals through May 31, 2016 are included toward the end of the document.
Again, thank you!
UC FOUNDATION INIATIVES • Chancellor Steven Angle and Provost Jerald Ainsworth presented grant opportunities for consideration on behalf of the University of Tennessee at Chattanooga (UTC) to the UC Foundation Grants Committee. The grants committee awarded over $1,804,000 for FY 2017, which was an increase over the $1,674,000 that was awarded for FY 2016. Funded FY 2017 grant opportunities represented unrestricted endowment investments in the areas of strategic initiatives, faculty development, executive partnerships and student scholarships. • In March 2016, the UC Foundation Executive Committee voted to memorialize Mr. Scott L. Probasco, Jr. by elevating the Scott L. Probasco Jr. Chair of Free Enterprise and renaming the chair the Scott L. Probasco Jr. Distinguished Chair of Free Enterprise. As of March 31, 2016, the Probasco Distinguished Chair endowment value was $11,216,432. • During the year, the UTC Development and Alumni Office has hired 13 new staff and promoted 6 staff members. Funding for the new positions and promotions was provided by the UC Foundation. • The UC Foundation recruited six new foundation board members. Staff developed and implemented a new board member orientation process. • The UTC Development and Alumni Affairs leadership team worked to refine the division and foundation budget processes, implemented a campus-based fundraising model involving deans and key faculty, refocused the efforts of the UTC Planned Giving Program, completed a reorganization of the WUTC fundraising strategies and underwriting efforts and began the planning stages for a comprehensive campaign.
• The UC Foundation is partnering with the River City Company and the Benwood Foundation to spur economic development in the “MLK Corridor.” Two properties owned by the UC Foundation were sold to spur economic development of the MLK neighborhood which borders the south end of the UTC campus. The River City Company and the Benwood Foundation are coordinating an RFP process to support the MLK redevelopment. • The UC Foundation provided funding to expand the UTC Annual Giving Program in an effort to engage and solicit more alumni, parents, friends and corporate partners. The investment included building a campus call center, additional direct marketing opportunities and a crowd funding platform. Annual campaigns included academic colleges, the graduate school, library, Honors College, Parents, Athletics, WUTC, and a faculty and staff campaign. • The UC Foundation created the SMILE (Student-Managed Investment Learning Environment) Fund with a $250,000 initial investment on July 1, 2015. The fund was established to provide 25 select UTC students the opportunity to manage an investment portfolio for a real client - the UC Foundation. The students continue to manage the fund and strive to avoid short-term performance chasing, be well diversified within profitable sectors and improve evaluation of global macro conditions and position for long-term trends. In addition to the experiential learning, a number of students have gained internships and/or career opportunities with investment firms. • UTC fundraising for FY 2016 has resulted in over $10M raised towards a $12M goal (83% to goal), secured 2,249 alumni donors towards a 2,809 goal (80% to goal) and also secured 5,858 total donors towards a 6,636 goal (88% to goal) through April 30, 2016.
FINANCES, ENDOWMENTS, GIFTS
Since 1969, approximately $112.7M has been provided to UTC from UC Foundation Endowments. Foundation consolidated total net assets (including the subsidiary organization Campus Development Foundation, Inc.) have grown from $6.8M in 1969 to $172.8M as of March 31, 2016. The Foundation currently has 39 fully endowed professorship programs supporting UTC faculty. In FY 2016, there were 212 endowed scholarships and 44 temporary scholarship programs supporting approximately 1,055 students. Gifts received to the endowments for FY 2015 totaled $2.56M. Notable endowment gifts include $1.28M Mary B Jackson Founders Chair in Nursing and $500K Vicky Gregg Chair in Nursing. Gifts received to temporarily restricted funds and annual giving funds total $2.9M as of April 30, 2016.
2
Cash gifts and new pledges in FY 2016 (as of April 30) total $10M. Prior year comparison figures are $12.1M at April 30, 2015 and $5.3M at April 30, 2014.
PROBASCO RESIDENCE HALL PROJECT
Campus Development Foundation, Inc., a subsidiary of the UC Foundation, owns Probasco South Campus, a 1749-bed student housing complex. The value of this property based a 2014 appraisal is $114M. Current debt on the recently refinanced property is $65.9M. The Probasco South Campus Housing Project was successfully refinanced during FY 2016. During the pricing call there were $443M in requests for $66M in available bonds. As a result of the refinancing, the bond interest rate decreased from 5.5% to 3.9%. This rate reduction resulted in a gross savings of $19M over 20 years and an annual debt service reduction of just over $900,000. In the latter part of FY 2015 the UC Foundation started conversion of unused commercial space in the Probasco South Campus project to additional bed space. This project added 14 beds and will provide additional revenues with minimal operating cost increases. Total revenue during FY 2016 is projected at approximately $11.4M. Occupancy for fall 2015 was 96% and spring 2016 occupancy was 91%. Projections for fall 2016 show 98% occupancy and spring 2017 is estimated at 94%. Bond and interest payments will be covered in the current year (FY 2016) as well as allocations to the repair and replacement fund and all operating expenses. Current cash projections indicate an excess year-end balance of approximately $800K. The decrease in the year-end surplus draw is the result of refinancing costs and the change of the fiscal year end for the project to coincide with the University’s fiscal year end of June 30. The surplus draw will stabilize during FY 2017 and is projected to be $2.2M at June 30, 2017. It is proven that as of April 30, 2016, all debt service requirements will be met with current YTD revenue (excluding interest income) of $11.2M. No contribution from the UC Foundation will be required at year-end June 30, 2016. Based on a budget developed by the UC Foundation Real Estate Committee, total revenue for FY 2017 is projected at $11.8M excluding interest income. FY 2016 projections show the project revenue will be adequate to meet bond principal and interest payments as well as the debt services ratio during 2017 without further contribution from the Foundation.
2016 INVESTMENT ACTIVITY
The UC Foundation endowment value was $118,601,954 while funds held on a short-term basis totaled $9,167,819. Both balances were current as of March 31, 2016. Balances on June 30, 2016 will be included in the year-end audit.
3
Performance of the total portfolio for the last one-year period was negative 5.2% against the short-term benchmark of negative 2.1% and long-term benchmark of negative 2.5%. All totals were current as of March 31, 2016. Performance of the total portfolio for the past three-year period was 5.2% against the short- term benchmark of 5.3% and long-term benchmark of 5.5%
OTHER ITEMS
• The UC Foundation has not received any gifts that would place a financial liability on the University.
• The UC Foundation received a clean audit report for FY2015.
• The UC Foundation is currently working with the University of Tennessee Foundation, Inc. to renegotiate the affiliation agreement between the two organizations. It is expected that this process will be completed on or before June 30, 2016.
Alumni Report
Key campus events/programs held during winter and spring 2016
Basketball VIP Receptions Ambassadors of the UTC Student Alumni Council hosted the VIP receptions at all home Mocs basketball games.
Meet the Coaches Our Chattanooga Chapter hosted the third annual Meet the Coaches event at the Aquatics and Recreation Center before a men’s basketball game. UTC coaches and Vice Chancellor for Athletics David Blackburn were in attendance, and more than 120 alumni and friends enjoyed an opportunity to engage with each other and hear updates regarding UTC Athletics.
Athletics Hall of Fame Dinner The Office of Alumni Affairs partnered with the UTC Athletics to present the 2016 inductees of the UTC Athletics Hall of Fame at the annual dinner hosted at the Chattanooga Golf & Country Club. Five former athletes were inducted, and four former athletes were recognized with special awards.
Glen Draper Singers Reunion More than 100 former singers under the direction of Dr. Glen Draper gathered for a reunion dinner on campus. Development and alumni staff members facilitated this event.
I Love UTC Week The Office of Alumni Affairs partnered with other campus departments to present a week of blue and gold activities. The kickoff for the week coincided with the kickoff for the
4
Faculty/Staff Campaign—so the entire campus was involved. Activities included student events, alumni receptions, a philanthropic activity and social media presence throughout the week. A video depicting students telling why they love UTC was shown at the home basketball game at the end of the weeklong celebration.
Senior Exit Exams Welcoming the soon-to-be newest UTC alumni/graduates, alumni staff members set up a table at all exit exams and presented an alumni car decal to each senior.
Graduation Celebration Several hundred seniors prepared for their graduation ceremony while also preparing for their first steps following graduation at this two-day event. Each participating senior provided up-to-date biographic and contact information for our alumni records.
UTC on the Road in Atlanta UTC alumni who live in the Atlanta area gathered at a Buckhead restaurant to hear updates from Assistant Provost for Enrollment Services Yancy Freeman and Head Football Coach Russ Huesman. A surprise visitor was Buster Skrine, UTC alumnus and former football player who is now playing for the New York Jets. He shared the opportunities his alma mater has provided him.
Office Move to New Alumni House The UTC Office of Alumni Affairs moved into a beautiful new home the week of March 28. Although sad to leave the Patten House, we are now housed in a lovely Victorian home built in the late 1890s. For the first time, we have an entire building dedicated as the Alumni House. We are happy to have some of our development co-workers “living” with us. Moving all of those years of history was an overwhelming task, but we could not be more thrilled to be located more centrally on campus. Please come and visit!
UTC on the Road – Knoxville UTC alumni and friends who live in the Knoxville area gathered at Calhoun’s on the River to hear campus updates and engage with fellow UTC alumni. Special guest was Head Wrestling Coach Heath Eslinger.
Spring Football Game This year, alumni staff members and Chattanooga Chapter members partnered with UTC Athletics to promote the inaugural wings cook-off as a part of pregame activities. Next spring, Chattanooga Chapter members will lead this effort. Hundreds of folks came by to sample wings and preview the 2016 Mocs football team.
“Evita” Performance for UTC Theatre Department Alumni and donors were invited to a dinner preceding an outstanding student performance of “Evita,” presented by the UTC Theatre Department.
History Department Reception Alumni and friends of the UTC History Department were invited to a reception at the UTC Library to hear former UTC professor Dr. Larry Ingle discuss his new book. 5
Cinco de Mayo Party The GOLD (Graduates of the Last Decade) Council hosted a Cinco de Mayo party in downtown Chattanooga at Waterhouse Pavilion. More than 60 alumni gathered for food, fun, music and drink.
Chattanooga Chapter Neighborhood Events In an effort to engage the large number of alumni we have living throughout Hamilton County, the Chattanooga Chapter started hosting neighborhood events. Alumni who live in East Brainerd were hosted at a local restaurant, and the chapter also hosted a table at a community fair in Ooltewah. Similar activities in other areas of town are being planned.
Legends & Leaders Awards Dinner The UTC Alumni Board and the Office of Alumni Affairs hosted the annual Legends & Leaders dinner at the Chattanooga Golf & Country Club. Davan Maharaj, ’89, editor-in- chief and publisher of the Los Angeles Times Media Group, was recognized as the 2016 Distinguished Alumnus, and Scott LeRoy, ’79, was named the 2016 Outstanding Service Award recipient.
Spring Class Ring Ceremony May graduates receiving a class ring were welcomed, along with their families and friends, to Chamberlain Pavilion and reflected on their time at UTC while looking forward to their future plans. With more than 60 guests, this was our largest ring ceremony to date.
Lunch with the Dean Alumni employed by Mauldin & Jenkins Accounting Firm—as well as former employees who are alumni—were invited to lunch to with Dr. Robert Dooley, the dean of the College of Business, and Dr. Danny Hutchinson, the head of the UTC Department of Accounting.
Year-End Picnic The annual picnic was hosted on campus to honor and thank members of the university advisory boards, including the UTC Alumni Board of Directors, the UTC GOLD Council and the University of Chattanooga Foundation
The Alumni Board of Directors continued to meet to plan long-range strategies for enhancing engagement of UTC alumni—particularly the large number of alumni who live in our area—and engagement of faculty and community. New hires of the university, including Vice Chancellor for Marketing and Communications Kirk Englehardt and Director of International Programs Takeo Suzuki, met with the board to discuss how we could assist them in their programming.
6
Fundraising Report As of May 31, 2016
UT Campus Development Report Below are fundraising totals for the University of Tennessee System campuses and institutes.
GIFTS & PLANNED PRIVATEEE CHANGE CAMPUS TOTALS PLEDGES GIVING GRANTS THIS MONTH Institute of $5,862,488 $1,637,000 $691,449 $8,190,937 $697,971 Agriculture HSC-Medical Center $1,027,772 $0 $66,766 $1,094,538 $10,556 HSC-Memphis $30,524,159 $1,354,833 $3,037,749 $34,916,741 $505,843 UTC $9,173,917 $5,340,659 $165,556 $14,680,132 $4,620,070 UTK $83,742,447 $74,135,188 $1,617,346 $159,494,981 $5,629,524 UTM $2,721,720 $710,778 $0 $3,432,498 $188,286 UT System $485,380 $0 $0 $485,380 $106,217
TOTAL $133,537,882 $83,178,458 $5,578,866 $222,295,207 $11,758,467
UTC Campus Development Report Below are the fundraising totals (July 1 through May 31, 2016) for the UTC Campus.
GIFTS & PLANNED PRIVATE CHANGE COLLEGE TOTALS PLEDGES GIVING GRANTS THIS MONTH Arts & Sciences $1,067,757 $415,659 $9,605 $1,493,021 $700,517 Business $1,261,725 $900,000 $0 $2,161,725 $287,465 CECS $944,305 $0 $55,951 $1,000,256 -$16,491 CHEPS $744,602 $800,000 $0 $1,544,602 $30,299 Athletics $1,657,062 $0 $0 $1,657,062 $212,183 Library $89,892 $0 $0 $89,892 $138 WUTC $1,755,348 $0 $0 $1,755,348 $40,914 Honors College $125,244 $1,562,500 $0 $1,687,744 $1,567,765 Campus Wide $1,527,983 $1,662,500 $100,000 $3,290,483 $1,797,280
TOTAL $9,173,917 $5,340,659 $165,556 $14,680,132 $4,620,070
7
UTC FYTD Comparison
Below is a three-year comparison for UTC. We are tracking well in “Dollars Raised” (new gifts and pledges) and also in cash receipts. Both are up year-to-date.
Dollars Raised* Cash Receipts Number of Donors**
College FYTD FYTD FYTD FYTD FYTD FYTD FYTD FYTD FYTD 2014 2015 2016 2014 2015 2016 2014 2015 2016 Arts & $245,561 $602,092 $1,493,021 $307,677 $241,033 $480,043 536 398 722 Sciences Business $594,691 $2,110,099 $2,161,725 $509,969 $1,972,699 $757,034 311 237 336
CECS $577,346 $821,683 $1,000,256 $468,645 $159,366 $310,520 146 132 119
CHEPS $444,409 $376,775 $1,544,602 $897,338 $765,987 $2,294,024 422 281 280
Athletics $1,902,665 $1,184,699 $1,657,062 $1,876,762 $1,078,268 $1,061,568 1,042 1,089 1,291
Library $55,775 $13,033 $89,892 $54,260 $40,287 $96,778 61 34 41
WUTC $453,556 $605,264 $1,755,348 $454,097 $604,849 $713,149 2,619 3,063 3,054
Honors $0 $0 $1,687,744 $0 $0 $214,974 0 0 152 College Campus $1,413,957 $6,745,723 $3,290,483 $2,011,449 $1,119,032 $1,140,116 1,215 796 724 Wide Grand $5,687,959 $12,459,368 $14,680,132 $6,580,197 $7,068,207 5,826 6,149 Total $5,981,520 5,619
UTC Campus Progress to Goal Report
Below are the fundraising totals compared to fiscal year goals (July 1 through May 31, 2016) for the UTC Campus to date.
Category FY 16 To Date FY 16 Goal % to Goal
Gifts and Pledges $14,729,479 $12,110,000 122%
Alumni Donors 3,007 2,809 107%
Donors 6,149 6,636 93%
8