UNIVERSITY OF LOUISIANA MONROE
FOUNDATION
Foundation
FINANCIAL REPORT
FOR THE YEARS ENDED JUNE 30,2017 AND 2016 UNIVERSITY OF LOUISIANA MONROE FOUNDATION
INDEX
Page
Independent Auditors' Report 1
Statements of Financial Position 3
Statements of Activities and Changes in Net Assets 4
Statements of Cash Flows 6
Notes to Financial Statements 7
Schedule 1 - Analysis of Endowed Principal Funds - Fair Market Value Basis 26
Schedule 2 - Analysis of Endowed Operating Eunds - Eair Market Value Basis 34
Schedule 3 - Analysis of Agency Endowment Accounts - Principal - Eair Market Value Basis 39
Schedule 4 - Analysis of Agency Endowment Accounts - Operating - Eair Market Value Basis 41
Schedule 5 - Analysis of Temporarily Restricted Eunds - Departmental - Eair Market Value Basis 43
Schedule 6 - Analysis of Temporarily Restricted Eunds - Scholarships - Eair Market Value Basis 48
Schedule 7 - Analysis of Temporarily Restricted Eunds - Loans - Eair Market Value Basis 50
Agreed Upon Procedures- Affiliation Agreement
Agreed Upon Procedures- Louisiana Board of Regents Endowed Agency Eunds Francis I. Huffman, CPA HUFFMAN & SOIGNIER David Ray Soignier, CPA, MBA. CGMA (A PROFESSIONAL ACCOUNTING CORPORATION) John Herman. CPA Lynn Andries, CPA, CGMA CERTIFIED PUBLIC ACCOUNTANTS Esther Atteberry, CPA LoriWoodard, MBA, CPA, CGMA, CUP Katie Jacola, CPA Lesley Engoiia, CPA
INDEPENDENT AUDITORS' REPORT
Board of Trustees University of Louisiana at Monroe Foundation
We have audited the accompanying financial statements of the University of Louisiana at Monroe Foundation (a nonprofit organization - the Foundation) which comprise the statements of financial position as of June 30, 2017 and 2016, and the related statements of activities and cash flows for the years then ended, and the related notes to the financial statements.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
1100 North 18th Street, Suite 200 Monroe. Louisiana 71201 Tel: (318)387-2672 • Fax: (318)322-8866 • Website: www.afullsetvicecpafirm.com MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS University of Louisiana Monroe Foundation Independent Auditors' Report
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Foundation as of June 30, 2017 and 2016 and the changes in its net assets and its cash flows for the years then ended, in confonnity with accounting principles generally accepted in the United States of America.
Other Matters
Our audit was conducted for the purpose of fonning an opinion on the financial statements as a whole. The infonnation identified in the accompanying Index as Schedules 1-7 is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the infonnation is fairly stated in all material respects in relation to the financial statements as a whole.
(A Professional Accounting Corporation) November 7, 2017 UNIVERSITY OF LOUISIANA MONROE FOUNDATION STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2017 AND 2016
ASSETS As of June 30
2017 2016
Cash and Cash Equivalents $ 679,985 $ 118,379
Receivables Receivables 4,542 26,495 Pledges Receivable, Net (Note 2) 2,793,964 2,113,140 State Matching Funds - 240,000 Lease Receivable - 843 Total Receivables 2,798,506 2,380,478
Other Current Assets Prepaid Expenses 233 19,109 Total Other Current Assets 233 19,109
Property and Equipment Land (Note 3) 5,716,149 5,744,499 Office and Farm Equipment 208,561 208,561 Buildings 476,884 509,534 Construction in Progress 56,795 - Less: Accumulated Depreciation (528,442) (499,953) Net Property and Equipment 5,929,947 5,962,641
Investments Held By Trustees Bank Tnjsts (Note 4) Cash and Cash Equl\alents 1,830,695 1,839,232 Other Investments 54,182.862 48,714,335 Total investments Held By Trustees 56,013,557 50,553,567
Other Assets Other Securities 50,318 48,417 Art and Collectibles (Note 6) 135,608 135,608 Total Other Assets 185,926 184,025 TOTAL ASSETS $ 65,608,154 $ 59,218,199
LIABILITIES AND NET ASSETS Liabilities Accounts Payable - Trade $ 123,886 $ 49,358 Accounts Payable - University of Louisiana at Monroe 156,716 87,116 Other Liabilities 34,745 18,043 Funds Held For Others 491,329 534,460 Gift Annuity Liability (Note 7) 608,584 498,844 Funds Held As Agent (Note 8) 27,644,825 25,832,899 Total Liabilities 29,060,085 27,020,720
Net Assets Unrestricted 11,047,674 11,091,405 Temporarily Restricted 6,371,340 5,688,235 Permanently Restricted 19,129,055 15,417,839 Total Net Assets 36,548,069 32,197,479 TOTAL LIABILITIES AND NET ASSETS $ 65,608,154 $ 59,218,199
The accompanying notes are an integral part of these financial statements. UNIVERSITY OF LOUISIANA MONROE FOUNDATION STATEMENT OF ACTIVITIESAND CHANGES IN NET ASSETS YEAR ENDED JUNE 30, 2017
Permanently Temporarily Restricted Restricted DepartmentsS Endowment Endowment Unrestricted Scholar^lps Loans income Principal Total SUPPORT, REVENUES AND GAINS
Support Cash Contributions $ 146,065 $ 2,894,011 5 $ 23,799 !^ 2,255,182 $ 5,319,057 Noncash Contributions 10,792 28,954 1,365 41,111 Total Support 156,857 2,922,965 - 23,799 2,256,547 5,360,168
Revenuesand Gains Interest, Diwdends, and Royalties 177,667 394 25 344,907 522,993 Farm and Lease income 198,817 - 198,817 Gain/(Loss) on Investments 551,233 262 30 1,084,082 1,635,607 Service Charges Earned 800,805 800,805 Change in Value of Split-interest Agreements (41,446) (41,446) Gain (Loss) on Sale of Fixed Assets (26,800) (26,800) Other 1,207 114,504 1,901 117,612 Total Revenues and Gains 1,702,929 115,160 - 55 1,389,444 3,207,588
Net Assets Released From Restrictions and Transfers Restrictions Satisfied by Payments 3,073,615 (1,653,273) - (1,001,310) (419,032) Transfers Between Funds (1,361,962) (364,193) 642,137 1,084,018 r Transfer to Funds Held As Agent 281,215 (2,235) (599,761) (320,781)
Total Support, Revenuesand Gains 3,852,654 1,020,659 - (337,554) 3,711,216 8,246,975
EXPENSES
Program Services Scholarships 1,260,789 - - - 1,260,789 Academic Support 246,643 - 246,643 Departmental Expenses 1,234,221 1,234,221 Total Program Services 2,741,653 - - - - 2,741,653
Supporting Services Fund Raising and Promotion 136,399 - - - - 136,399 Management and General 1,018,333 1,018,333 Total Supporting Services 1,154,732 - - - - 1,154,732
Total Expenses 3,896,385 3,896,385
Change in Net Assets (43,731) 1,020,659 - (337,554) 3,711,216 4,350,590
Net Assets at Beginning of Year 11,091,405 4,226,301 37,399 1,424,535 15,417,839 32,197,479
NET ASSETS AT END OF YEAR $ 11,047,674 ;S 5,246,960 $ 37,399 $ 1,086,981 3; 19,129,055 $ 36,548,069
The accompanying notes are an integral par! of this financial statement.
4 UNIVERSITY OF LOUISIANA MONROE FOUNDATION STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS YEAR ENDED JUNE 30, 2016
Permanently Temporarily Restricted Resb-icted DepartmentsS Endowment Endowment Unrestricted Scholarships Loans Income Principal Total SUPPORT, REVENUES AND GAINS
Support Cash Contributions J; 140,244 $ 1,722,396 $ - :$ 59,521 IE 856,604 $ 2,778,765 Noncash Contributions 13,885 98,367 112,252 Total Support 154,129 1,820,763 - 59,521 856,604 2,891,017
Revenues and Gains Interest, Diwdends, and Royalties 192,996 2,090 211 345,883 541,180 Fann and Lease income 189,451 - 189,451 Gain/(Loss) on ln\estments (180,811) (2,202) (565) (327,404) (510,982) SerVce Charges Earned 759,628 759,628 Ctiange in Vaiue of Split-interest Agreements 18,798 18,798 Other 19,691 80,494 4,300 1,818 106,303 Total Re\enues and Gains 980,955 80,382 - 3,946 39,095 1,104,378
Net Assets Released From Restrictions and Transfers Restrictions Satisfied by Payments 2,861,296 (1,808,987) (14,282) (186,331) (851,696) Restrictions Satisfied by Passage of Time 3,137,317 (3,137,317) Transfer between Funds (14,499) (49,832) 699 (18,767) 80,947 (1.452) Transfer to Funds Held As Agent (338,557) (402,654) (741,211)
Total Support, Revenues and Gains 6,780,641 42,326 (13,583) (141,631) (3,415,021) 3,252,732
EXPENSES
Program Services Scholarships 869,778 - 869,778 Academic Support 264,423 - - - 264,423 Departmental Expenses 1,416,037 1,416,037 Total Program Sendees 2,550,238 - - - - 2,550,238
Suppordng Services Fund Raising and Promotion 184,604 - - - - 184,604 Management and General 982,527 982,527 Total Supporting Services 1,167,131 - - - - 1,167,131
Total Expenses 3,717,369 3,717,369
Change in Net Assets 3,063,272 42,326 (13,583) (141,631) (3,415,021) (464,637)
Net Assets at Beginning of Year 8,028,133 4,183,975 50,982 1,566,166 18,832,860 32,662,116
NET ASSETS AT END OF YEAR $• 11,091,405 :$ 4,226,301 $ 37,399 :J 1,424,535 55 15,417,839 $ 32,197,479
TTie accompanying notes are an integral part of this financial statement. UNIVERSITY OF LOUISIANA MONROE FOUNDATION STATEMENTS OF CASH FLOWS YEARS ENDED JUNE 30, 2017 AND 2016
Years Ended June 30, Cash Flows From Operating Activities 2017 2016 Increase (Decrease) in Net Assets 4,350,590 $ (464,637) Adjustments to Reconcile Change in Net Assets for the Year to Net Cash Provided by (Used in) Operating ActsMties: Depreciation 34,339 33,554 (Gain) Loss on Disposal of Property and Equipment 26,800 (19,587) Restricted Contributions (5,172,992) (2,736,888) Changes in Assets and Liabilities Pledges Receivable (680,824) 172,763 Lease Receivable 843 59,197 Other Receivables 21,953 - Prepaid Expense 18,876 (19,109) State Matching Funds Receivable 240,000 - Accounts Payable and Other Liabilities 227,439 (112,082) Total Adjustments (5,283,566) (2,622,142)
Net Cash Used in Operating Activities (932,976) (3,086,779)
Cash Flows from Investing Activities
Purchase (Sale) of Property & Equipment 28,350 (54,147) Construction in Progress (56,795) - (Increase) Decrease in Bank Trusts - Unrestricted (422,819) 555,956 (Increase) Decrease In Receivables - (76,115) (Increase) in Other Assets (1,901) (1,843) Increase (Decrease) in Funds Held As Agent 1,811,926 (466,578)
Net Cash Provided by (Used in) Investing Activities 1,358,761 (42,727)
Cash Flows From Financing Activities
Restricted Contributions 5,172,992 2,736,888 (Increase) Decrease in Bank Trusts - Restricted (5,045,708) 25,946
Net Cash Provided by (Used in) Financing Activities 127,284 2,762,834 increase (Decrease) in Cash and Cash Equivalents 553,069 (366,672)
Cash and Cash Equivalents - Beginning of Year 1,957,611 2,324,263
Cash and Cash Equivalents - End of Year 2,510,680 $ 1,957,611
Cash and Cash Equivalents included in Statement of Financial Position As Follows:
Cash and Cash Equivalents 679,985 $ 118,379 Bank Trusts 1,830,695 1,839,232
Total Cash and Cash Equivalents- End ofYear 2,510,680 $ 1,957,611
Supplemental Disclosures Non-cash transactions during the years ended June 30, 2017 and 2016 consist of contributions of $41,111 and $112,252.
The accompanying notes are an integral part of these financial statements. UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016
Note 1 - Summary of Significant Accounting Policies
Organization
The University of Louisiana Mom-oe Foundation (the Foundation) is a legally autonomous fund-raising organization that raises funds for the benefit of the University of Louisiana Monroe (the University), its faculty and its students. Support is received through gifts, grants and bequests, and may include cash, real property and personal property. Funds may be invested by the Foundation in accordance with its investment policy subject to any restrictions imposed by the donor. Disbursements are made for scholarships, academic support and departmental funding. The Foundation has no transactions related to the University's Athletic programs.
The Foundation is a nonprofit corporation exempted from Federal income taxes as "other than a private foundation" under Section 501(c)(3) of the Internal Revenue Code. The Foundation has evaluated its position regarding the accounting for uncertain income tax positions and does not believe that it has any material uncertain tax positions. The Foundation is no longer subject to examination by tax authorities for years ended before June 30, 2013.
Basis of presentation
The financial statements have been prepared on an accrual basis and in confonnity as required by the Not-For~Proflt Entities Topic of the Accounting Standards Codification (the Codification).
Financial Statement Classification
Classifications
The net assets of the Foundation are reported as follows:
1. Unrestricted - includes all resources to be used in support of the Foundation's operations at the sole discretion of the Foundation.
2. Temporarily Restricted - includes amounts that have been donated for the use of specific University departments, organizations or other beneficiaries. The donations and earnings, if any, are held by the Foundation until requested by the applicable department, organization or beneficiaries and may not be spent at the discretion of the Foundation. Also included are funds to provide interest-free loans to phannacy students and persons with medical careers.
3. Pemianently Restricted - represents amounts contributed to the Foundation that are subject to restrictions imposed by the gift
7 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016
instruments. Contributions to endowment funds are not available for use during the term of the applicable trust agreement. However, the Foundation's investment and spending policies provide for a specified amount of the earnings from such funds to be available for scholarships or for expenses of designated departments of the University as specified by the individual agreements. Unspent earnings are reflected under Temporarily Restricted Net Assets in the Statement of Financial Position and under the Endowment Income column in the Statement of Activities.
Contributions and Promises to Give
In accordance with the Revenue Recognition subtopic of the Not-For-Profit Entities Topic of the Codification, contributions received are recorded as unrestricted, temporarily restricted, or permanently restricted support depending on the existence or nature of any donor-imposed restrictions. When a restriction expires, temporarily restricted or permanently restricted net assets are reclassified to unrestricted or temporarily restricted, as appropriate, and reported in the Statement of Activities as net assets released from restrictions. Contributions are recognized as support when received or when an unconditional promise to give is received. However, all contributions received that qualify for matching from the State are recorded as increases in the liability, Funds Held as Agent, and are not reported on the Statement of Activities.
Unconditional promises to give are recognized as revenue in the period received. Promises to give are recorded at their realizable value if they are expected to be collected in one year and at their fair value if they are expected to be collected in more than one year. Conditional promises to give are recognized only when the conditions on which they depend are substantially met and the promises become unconditional. Management has detennined that no allowance for doubtful accounts is needed.
Donated Services and Materials
Noncash donations include both materials and seiwices. These donations are recorded at their fair market value on the date of donation. Donated services are recognized only when they create or enhance a nonfinancial asset, or when they are specialized skills provided by entities or persons possessing those skills that would be purchased if they were not donated. UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016
For the year ended June 30, 2017 and 2016, respectively, the Foundation received the following noncash contributions, which enhanced the Foundation as a whole:
June 30, 2017 June 30,2016 Professional Services and Other 17,820 $ 22,625 Equipment and Supplies 23,291 89,627 41,111 $ 112,252
Allocation of Expenses
The costs of providing the various programs and other activities have been summarized between Program and Supporting Services in the Statement of Activities. Program Services expenses are those directly related to the various programs. Supporting Services expenses reflect other expenses incurred in operating the programs.
Property and Equipment
The Foundation capitalizes acquisitions of property and equipment with unrestricted funds in excess of $1,000 or the fair market value on the date of donation. Costs of property and equipment purchased with unrestricted funds that are less than $1,000 are charged to expense. The cost of these assets that is classified as program services expense is not capitalized by the Foundation as these assets are owned and used by departments of the University of Louisiana Monroe. Acquisitions of these assets with restricted private donations are also not capitalized by the Foundation as these assets belong to the State of Louisiana. Capitalized assets are carried at cost or, if donated, at the approximate fair value at the date of donation. Depreciation is recorded on a straight-line basis over the estimated useful lives of the assets. The Foundation utilizes estimated useful lives of 5 to 7 years for farm equipment and office equipment and 20 years for buildings. Depreciation of $34,339 and $33,564 for 2017 and 2016, respectively, was charged to expense.
Cash and Cash Equivalents
For Statement of Cash Flows purposes, the Foundation considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.
The Foundation, at times, may have deposits in excess of FDIC insured limits. Management, however, believes the credit risk associated with these deposits is minimal. UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016
Accounting Estimates
The preparation of financial statements in confonnity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.
Subsequent Events
Management has evaluated subsequent events through November 7, 2017, the date the financial statements were available to be issued and have detennined that no additional disclosure or adjustments are necessary.
Note 2 - Pledges Receivable
Pledges receivable consists of the following unconditional promises to give;
June 30,2017 June 30,2016 Unrestricted Promises to Give $ 102,022 ;g 85,025 Restricted to Departmental and Scholarship Funds 1,982,288 1,154,095 Restricted to Permanently Restricted Funds 799,259 939,820 Gross Unconditional Promises to Give 2,883,569 2,179,040 Less: Unamortized discount (89,605) (65,900) Net Unconditional Promises to Give $ 2,793,964 ;g 2,113,140
Amounts due in: Less than one year $ 1,280,341 ;g 883,621 One to five years 1,582,653 1,273,344 More than five years 20,575 22,075 Gross Unconditional Promises to Give $ 2,883,569 ;g 2,179,040
The unconditional promises to give due in more than one year are reflected at the present value of estimated future cash flows using a discount rate of 1 % for June 30, 2017 and 2016.
10 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016
Note 3 - Land
The Foundation owns various parcels of farmland, timberland, and oil and gas reserves recorded as follows in unrestricted net assets.
June 30,2017 June 30, 2016 Helen Spyker Estate Land $ 2,300,000 3i 2,300,000 Cloverleaf Simmental Fann 3,137,317 3,137,317 Oil and gas mineral interests 100,000 100,000 Less: Accumulated depletion (100,000) (100,000) Land - Other 220,832 249,182 Total unrestricted land $ 5,658,149 Si 5,686,499
The Helen Spyker Estate, which consists of farmland, timberland, and oil and gas reserves, is included in unrestricted net assets, along with other parcels.
Unrestricted net assets include the Cloverleaf Simmental Farm, which was donated to the Foundation in December 1985. It is reflected in the Statements of Financial Position at its carrying value at $3,137,317. The Foundation was required to use the majority of the farm acreage for agricultural and educational purposes until December 2015. No changes have been made, nor are there any plans to change the use of the property at this time. However, the land value has been moved to Unrestricted Net Assets as of June 30, 2016, due to the restrictions being satisfied by tlie passage of time.
Permanently restricted net assets include a piece of property in Columbia, Louisiana, which was donated to the Foundation in April 2001. It is reflected in the Statements of Financial Position for its appraised value of $58,000.
Note 4 - Investments
All investments in equity securities with readily detenninable fair values and all investments in debt securities are reported at fair value with gains and losses included in the Statement of Activities. Fair Value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 5 for further discussion of fair value measurements.
The Foundation has adopted investment and spending policies which are reviewed peiodically. Within these policies there exists two distinct portions. The first portion is based upon the Louisiana Board of Regents Endowed Chairs / Endowed Professorship / Endowed Scholarship Programs Statement of Investment Policy and Objectives. This portion limits the equity to no more than 74% of the asset allocation and fixed income to at least 26%. The other limitions include that no more than 10% are in hedge funds, 10% in REITS, and 15% in international investments, which are all part of the equity portion. The second portion is the endowment portion which is
11 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 based upon a total return philosphy which currently has asset allocation targets of 75% in equites and 25% in fixed income. Within the equity portion the allocation includes 22% in international and 10% in hedge funds.
Return Objectives and Risk Parameters
The Foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor- restricted funds that the Foundation must hold in perpetuity. Under this policy, as approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to produce results that exceed price and yield results of the S&P 500 index while assuming a moderate level of investment risk. The Foundation expects its endowment funds, over time, to provide an average rate of return of approximately 7.5 percent to 8.0 percent annually. Actual returns in any given year may vary from this amount.
Strategies Employed for Achieving Objectives
To satisfy its long-term rate-of-return objectives, the Foundation relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends).
The Foundation targets a diversified assets allocation that places a greater emphassis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. The Foundation invests in multi- strategy hedge funds of funds. The investments are a sophisticated, multi- manager program designed to achieve an optimal balance of upside return potential and downside protection. The investments offer a diversified strategy protecting and preserving the Foundation's capital and providing long-tenn capital growth. This strategy also works to deliver risk-adjusted returns by capturing the market's return potential but with much less volatility. The portfolios are constructed using a time tested, disciplined methodology focused first on risk management. The funds have a demonstrated track record of maintaining a highly disciplined and effective investment allocation decision process. The returns from these hedge funds are reported and posted monthly reflecting the fair market value as of the reporting date.
Spending Policy and How the Investment Objectives Relate to Spending Policy
The Foundation has a policy of appropriating for distribution each year 4 percent of its endowment fund's average fair value over the the prior 5 years through the end of December preceding the fiscal year in which the distribution is planned. In establishing this policy, the Foundation considered the long-
12 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016
tenn expected return on its endowment. Accordingly, over the long term, the Foundation expects the current spending policy to allow its endowment to grow at the rate of inflation annually. This is consistent with the Foundation's objective to maintain the purchasing power of the endowment assets held in perpetuity as well as to provide additional real growth through new gifts and investment return. stated at their fair value or Net Asset Value (or its equivalent).
June 30,2017 June 30,2016 Investments at Beginning of the year Fair Value) $ 50,553,567 S 51,142,200 Deposits 4,190,703 1,627,219 Gains (Losses) Realized 776,375 (1,254,101) Interest & Dividends (Net of Fees totaling $200,748 and $199,873 for years 2017 and 2016 respectively) 954,854 1,032,683 Disbursements to Beneficiaries (3,304,512) (1,996,541) Change in Market Value 2,842,570 2,107 Investments at end of the year (Fair Value) $ 56,013,557 $ 50,533,567
Type of Investment Cash and Cash Equivalents $ 1,830,695 S 1,839,232 Equities Mutual Funds 20,767,085 20,001,848 Common Stock 9,881,704 8,972,085 Total Equities $ 30,648,789 $ 28,973,933
Fixed Income Mutual Funds 23,534,073 19,740,402 Total Fixed Income 23,534,073 19,740,402 Total Investments $ 56,013,557 $ 50,533,567
13 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016
Note 5 - Fair Value Measurements
The Fair Value Measurement and Disclosure Topic 820, section 50 of the Codification establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobseiwable inputs (level 3 measurements). The three levels of the fair value hierarchy under ASC 820-50 are described as follows:
Level 1 Inputs to the valuation methodology are unadjusted quoted market prices for identical assets or liabilities in active markets that the plan has the ability to access. Level 2 Inputs to the valuation methodology include: • Quoted market prices for similar assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in inactive markets " Inputs rather than quoted prices that are observable for the asset or liability; and, • Inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability. Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The asset or liability's fair value measurement within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at June 30,2017 and 2016. Investment Securities - The fair value of investment securities including the Bank Trusts investments is the fair market value based on quoted market prices, where available, or NAY or its equivalent as provided by the administrators of each underlying fund.
14 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016
Money market/certificate of deposit - The fair value of money market accounts are amounts payable on demand at the reporting date. The fair value is based on the present value of each through their respective maturities. Gift Annuity Liability - The fair value of these agreements is based on the present value of the estimated future payments based upon management's assumptions. The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Fuithennore, although the Foundation believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to detennine fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following table sets forth, by level, within the fair value hierarchy, the Foundation's assets at fair value as of June 30, 2017 and 2016:
Assets Level 1 Level 2 Level 3 Total
Bank Trusts Investments: Equity Mutual Funds 13,738,358 J^ 7,028,727 3J - Jg 20,767,085 Common Stock 9,866,211 15,493 - 9,881,704 Cash and Shoit Tenn Cash - 1,830,695 - 1,830,695 Fixed Income Mutual Funds 8,994,801 14,539,272 - 23,534,073 Total Assets at Fair Value 32,599,370 Jg 23,414,187 3; - JS 56,013,557
Gift Annuity Liability 15 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 Assets Level 1 Level 2 Level 3 Total Bank Trusts Investments: Equity Mutual Funds Jg 6,730,658 Jg 13,271,190 $ - ;g 20,001,848 Common Stock 8,972,085 - 8,972,085 Cash and Short Term Cash - 1,839,232 1,839,232 Fixed Income Mutual Funds 13,266,497 6,473,905 19,740,402 Total Assets at Fair Value !g 28,969,240 Jg 21,584,327 $ - ;g 50,553,567 Gift Annuity Liability 'g - 5g 498,844 $ - ;g 498,844 Note 6 - Art and Collectibles The Foundation capitalizes its collections, which are comprised of various artifacts and books, as follows: June 30,2017 June 30,2016 Dickenhorst Collection $ 85,628 $ 85,628 Williams Collection 28,575 28,575 Book Collection 21,405 21,405 Total Art and Collectibles $ 135,608 $ 135,608 Note 7 - Gift Annuity Agreements In October 2005, the Foundation entered into a gift annuity agreement with Paul and Carolyn Lasseigne. As part of the agi'eement, Mr. and Mrs. Lasseigne gave an irrevocable contribution to the Foundation of $10,000. Additional contributions can be added to the principal. The Foundation is required to make quarterly payments to them at an annual rate of 5.6% on the cumulative principal balance. These payments will be required for the rest of both of their lives. At the death of both donors, the balance of the annuity corpus will be transferred to the College of Pharmacy Agency fund within the Foundation. In April 2012, the Foundation entered into a gift annuity agreement with John and Billie Smith. As part of the agreement, Mr. and Mrs. Smith gave an irrevocable contribution to the Foundation of $250,000. In December 2012, Mr. and Mrs. Smith gave an additional contribution of $250,000 to the Foundation. Additional contributions can be added to the principal. The Foundation is required to make quarterly payments to them at an annual rate of 5.6% on the cumulative principal balance originally donated in 2012. In December 2014, Mr. and Mrs. Smith gave an additional contribution of $500,000. The Foundation is required to make quarterly payments to them at an annual rate of 6.1% on the balance of this contribution. These payments will be required for the rest of both of their lives. At the death of 16 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 both donors, the balance of the annuity corpus will be transferred to the general assets of the Foundation. In November 2012, the Foundation entered into a gift annuity agreement with Hugh and Kay McDonald. As part of the agreement, Mr. and Mrs. McDonald gave an irrevocable contribution to the Foundation of $111,775. The Foundation is required to make monthly payments to them at an annual rate of 4.9% on the balance. Additional contributions can be added. In June 2015, Mr. and Mrs. McDonald gave another in-evocable contribution to the Foundation for $106,720. The Foundation is required to make monthly payments to them at the annual rate of 6.2% on the principal balance. In October 2016, Mr. and Mrs. McDonald gave another irrevocable contribution to the Foundation for $ 136,230. The Foundation is required to make monthly payments to them at the annual rate of 5.40% on the principal balance. These payments will be required for the rest of both of their lives. At the death of both donors, the balance of the annuity corpus will be transferred to the general assets of the Foundation. At the end of each fiscal year, the related annuity liability is calculated, and the Foundation adjusts the value accordingly. At June 30, 2017 and 2016, the Foundation included the following as an annuity liability. June 30, 2017 June 30,2016 Total Gift $ 1,333,798 31 1,197,568 Less: Change in Value of Split Interest 10,075 (31,371) Less: Contribution Recorded in Fiscal 2006 (2,675) (2,675) Less: Contribution Recorded in Fiscal 2012 (99,487) (99,487) Less: Contribution Recorded in Fiscal 2013 (206,694) (206,694) Less: Contribution Recorded in Fiscal 2016 (358,497) (358,497) Less: Contribution Recorded in Fiscal 2017 (67,936) Net Present Value $ 608,584 3i 498,844 Note 8 - Endowed Chair, Endowed Professorship and Endowed Scholarship Programs (Funds Held as Agent) At June 30, 2017 and 2016 Funds Held as Agent was as follows: June 30,2017 June 30,2016 Endowed Chairs $ 15,265,431 $ 14,333,667 Endowed Professorships 11,384,254 10,788,336 Endowed Scholarships 995,140 710,896 Total Funds Held As Agent $ 27,644,825 $ 25,832,899 In 1983, the Louisiana Legislature enacted R.S.17:3384 to establish the Louisiana Endowment Tmst Fund for Endowed Chairs. Under the direction of the Louisiana Board of Regents (the Board of Regents), funds are allocated to each university on a 17 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 two-thirds matching basis. At June 30, 2017 and 2016, the Foundation had the following endowed chair accounts included in Funds Held as Agent which includes the funds available for expenditures: June 30, 2017 June 30, 2016 Biedenharn Eminent Scholars Chair in Gerontology Jg 2,228,852 Jg 2,076,855 Biedenharn Chair in Music 1,641,113 1,514,546 Calhoun Scholar Chair in Phannacology 2,051,536 1,921,610 Eminent Scholar Chair of Construction 1,958,305 1,902,454 Kitty DeGree Eminent Scholars - Nursing 2,164,694 2,020,537 Tom and Mayme Scott Endowed Chair in Clinical Pharmacy 2,933,661 2,719,035 Hanna Spyker Eminent Scholars - Education 2,287,270 2,178,630 Total Endowed Chair Accounts Jg 15,265,431 ;g 14,333,667 In 1989, the Louisiana Legislature enacted R.S.17:3129.5 to establish the Louisiana Endowed Professorship Fund for providing faculty enhancement. Under the direction of the Board of Regents, matching grants are made by the state on a two-thirds basis. At June 30, 2017 and 2016, the Foundation had the following endowed professorships included in Funds Held as Agent, which includes the funds available for expenditures: June 30,2017 June 30,2016 Entergy Endowed Professorship in Computer Infonnation Systems $ 162,858 ;g 155,982 Abell Professorship - Entrepreneurship 221,294 211,075 Frances Davis Hammond Professorship in Education 152,837 154,863 Entergy Professorship in Instructional Technology in Teacher Education 187,487 173,119 Alumni Professorship in Accounting 108,845 105,369 George T. Walker Professorship in Entrepreneurship 184,736 183,743 Mary Ellen Walker Professorship in Early Childhood Education 162,555 155,692 Chase Professorship in Teacher Education 183,385 175,568 Barham Endowed Professorship in English 170,744 163,876 Beach Professorship in Construction 149,651 143,354 BAPES Endowed Professorship in Accounting 108,713 105,303 Bell South Endowed Professorship in Science Education 171,333 164,445 18 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 June 30,2017 June 30,2016 Freddy and Reba Nolan Professorship in Business Analytics $ 110,990 $ - Jo Ann and Miles Sager, Jr. Professorship in Computer Science 107,305 - Emmy Lou Biedenham Professorship - Music 181,722 171,145 Endowed Professorship in Electrical / Mechanical in School of Construction 154,578 147,616 A. Dale Magoun Professorship in Mathematics 129,077 119,754 Kitty DeGree Professorship in Computer Infonnation Systems 174,857 165,812 DeGree Endowed Professorship - Speech and Hearing Center 265,704 252,833 Kitty DeGree Endowed Professorship in Computer Science 231,881 221,285 Kitty DeGree Professorship in Biology 180,321 175,434 ULM Endowed Professorship in English 210,196 201,575 Dr. Henry Hu Endowed Professorship in Entrepreneurship 151,973 150,948 Glenwood Endowed Professorship in Nursing (B) 162,989 159,609 Bruce and Lizabeth Boulware Professorship in Management 144,864 138,981 Glenwood Endowed Professorship in Nursing 234,780 219,404 Capital One Professorship in Mathematics 128,601 118,739 Governor James Noe and Linda Noe Laine Professorship in Agriculture 164,261 157,400 Sister Liguori Lawton Endowed Professorship in Nursing 207,173 199,967 Hood / DeFatta Professorship in Accounting 163,354 156,178 Louisiana Real Estate Commission Endowed Professorship in Finance 127,723 120,492 John & Rosemary Luffey Professional-in- Residence Endowed Professorship 120,034 111,927 George "Chip" Luffey Endowed Professorship in Kinesiology 120,097 115,235 Lillian L. and Fred A. Marx Endowed Professorship in Biology 123,542 121,411 Vernon "Bodie" McCrory Professorship in Mass Communication 203,328 194,359 McKneely Professorship in English Literature 144,934 138,997 McKneely Professorship in Humanities 151,666 144,940 19 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 June 30,2017 June 30,2016 Michelle McEacham Professorship in Accounting !S 118,280 J^ 111,381 John Luffey Professorship in Accounting 179,914 168,856 W. R. Hammond Professorship in Liberal Arts 205,228 204,503 Association of General Contractors Professorship in Construction 359,625 340,893 ULM Endowed Professorship in Gerontology 243,390 225,865 Kitty DeGree Endowed Professonship in Education 186,044 178,944 ULM Endowed Professorship in Nursing 225,430 214,146 ULM Endowed Professorship in Education Administration 219,019 209,386 ULM Endowed Professorship in Geology 238,896 228,565 ULM Endowed Professorship in Entrepreneurship 252,140 242,314 State Farm Professorship in Insurance 199,348 191,534 Sister Jerome Crowley Professorship in Nursing 181,621 174,252 ULM Endowed Professorship in Communicative Disorders 225,652 208,629 Pfizer Inc. / B. J. Robison Professorship in Phaiinacy 205,387 197,067 The Gaye Eason Dean Endowed Professorship in Nursing 105,417 97,810 The Tessa Albritton Endowed Professorship 105,417 97,810 Willis Knighton Professorship in Nursing Honoring Helen Mena 109,812 172,291 Willis Knighton Professorship for College of Pharmacy 109,812 172,291 Pfizer Inc./B.J. Robison Professorship in Gerontology 265,435 246,369 Thurman Potts Professorship in Construction 247,306 232,608 Mayme & Tom Scott Endowed Professorship in Agriculture 234,627 216,639 Mayme & Tom Scott Endowed Professorship in Teaching Excellence 206,154 197,636 Lucy Shackelford Professorship in Kinesiology 147,529 138,534 Sister Anne Marie Twohig Professorship in Nursing 204,567 194,046 The Upshaw Family Professorship for the College of Education 125,362 127,109 20 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 June 30,2017 June 30,2016 Waste Management Professorship in Toxicology $ 219,023 $ 209,157 Clarke Williams Professorship in Communicative Software Design 203,431 190,269 Total Endowed Professorships $ 11,384,254 $ 10,788,336 In 2008, the Board of Regents established the Endowed Scholarship Program. Under their direction funds are allocated to each university on a two-thirds matching basis. At June 30, 2017 and 2016, the Foundation had the following endowed scholarship account included in Funds Held as Agent which includes the funds available for expenditures: June 30,2017 June 30, 2016 Mary Goss Charities First Generation Scholarship A $ 111,821 $ 176,087 Mary Goss Charities First Generation Scholarship B 111,821 176,087 James Gofer First Generation Endowed Undergrad Scholarship 110,777 113,978 Deborah Cofer First Generation Endowed Undergrad Scholarship 110,268 113,978 First Generation Endowed Undergrad Scholarship 119,152 130,766 Michael H. Woods First Generation Scholarship A 108,562 - Miller Lite First Generation Undergrad Scholarship 105,625 - Harold Turner Endowed Superior Grad Student Scholarship 108,430 _ Ouachita Parish Women's Republican Club First Generation Scholarship 108,684 - Total First Generation Endowed Undergraduate Scholarship $995,140 $710,896 During the 1992 regular session of the Louisiana Legislature, R.S.17:3384 and R.S.17:3129.5 were amended and reenacted to enable nonprofit organizations of a type described in Section 501(c)(3) of the Internal Revenue Code to enter into a contract with a public institution of higher education to act as a depository for Endowed Chairs, Endowed Professorships and Endowed Scholarships derived from state matching funds. The cumulative original state matching funds as of June 30, 2017 and 2016 are $5,800,000 and $5,600,000, respectively and the cumulative total original local matching funds are $8,640,000 and $8,280,000, respectively. These cumulative 21 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 state and local original amounts are included under Funds Held as Agent on the Statements of Financial Position. For the years ended June 30, 2017 and 2016, the Foundation recognized $440,000 and $240,000 respectively, in state matching funds as temporarily restricted contributions. Note 9 - Funds Available Included in the Statements of Financial Position under temporarily restricted net assets are funds available for scholarships and academic support. These consist of earnings from invested endowment funds. Changes in funds available during the years ended June 30, 2017 and 2016, were as follows: June 30,2017 June 30,2016 Funds available at the beginning of the year $ 1,424,535 :S 1,566,166 Adjustments to Fund Balance 236,467 (18,767) Other Income 55 3,946 Contributions 23,411 59,777 Pledge Activity 388 (256) Transfers from the Permanently Restricted Endowment Principal Funds 403,436 392,011 Scholarships paid (833,109) (421,902) Academic support and other expenses paid (168,202) (156,440) Funds available at the end of the year $ 1,086,981 ;S 1,424,535 Note 10 - Endowments Permanently restricted net assets at June 30, 2017 and 2016 consists of endowments established in 1970 to support scholarships and programs at the University of Louisiana Monroe. Contributions to the endowment funds are subject to donor restrictions that stipulate the original gift is to be held and invested by the Foundation indefinitely. Income derived from the fund, as prescribed the investment policy statement, is to be expended as prescribed by the donor. Funds with Deficiencies From time to time, the fair value of assets associated with individual donor-restricted endowment funds may fall below the level that the donor requires the Foundation to retain as a fund of perpetual duration. A contingent reserve for market fluctuation has been set up. For the year ended June 30, 2017, there was no contingent reserve. There were no projects below their original corpus. The account is monitored and adjusted quarterly. The liablility is included in Otlier Liabitities on the balance sheet. 22 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 Changes in the endowment balance as reported under Pennanently Restricted Assets during the years ended June 30, 2017 and 2016, except for the pennanently restricted land as reported in Note 3, were as follows: June 30,2017 June 30,2016 Endowments at the beginning of the year $ 15,359,839 $ 15,637,543 Other Income (Expenses) (388,577) (250,153) Contributions 2,247,030 856,604 Gains/(Losses) Realized and Unrealized 1,084,082 (327,404) Interest & Dividends (Net of Fees Totaling $60,485 and $90,424 for years 2017 and 2016 respectively) 284,422 255,460 Transfers to Deposit/Funds Held as Agent (599,761) (402,654) Transfers to the Endowment Income Temporarily Restricted Funds (572,041) (490,504) Other Transfers 1,656,059 80,947 Endowments at the end of the year $ 19,071,053 $ 15,359,839 Changes in the endowment principal balance as reported under Funds Held As Agent during the years ended June 30, 2017 and 2016 excluding the endowment operating balance of $2,764,788 and $2,404,401, respectively, were as follows: June 30,2017 June 30,2016 Endowments at the beginning of tlie year $ 23,428,498 $ 24,197,475 Gains/(Losses) Realized and Unrealized 1,958,182 (741,365) Interest & Dividends (Net of Fees Totaling $108,051 and $109,449 for years 2017 and 2016 respectively) 512,202 575,349 Contributions 5,000 400 Expenses (353,253) (346,860) Transfers to Funds Held as Agent to Establish Professorships 599,761 402,654 Other Transfers - 338,728 Transfers to Agency Endowment Accounts - Operating from Agency Endowment Accounts - Principal (1,270,353) (997,883) Endowments at the end of the year $ 24,880,037 $ 23,428,498 23 UNIVERSITY OF LOUISIANA MONROE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2017 AND 2016 Note 11 - Related Party Transactions On July 1, 2016, the Foundation entered into Cooperative Endeavor Agreements between the ULM Athletic Foundation and the ULM Alumni Association. The Foundation agrees to provide funds administration, investment management, accounting services, data management reporting and other services as mutually agreed. The ULM Athletic Foundation pays $6,250 monthly and the ULM Alumni Association pays $1,000 monthly for these services. By virtue of a third amendment, the Athletic Foundation has been extended to June 30,2018 and by second amendment, the Alumni Association has been extended to June 30, 2018. Note 12-Comments and Contingencies In 2014, the Foundation began discussing renovations to the Amia Gray Noe Alumni Center, which was built in 1974. However, the estimated costs to renovate the existing structure to meet building codes and needed functionality exceeded the cost of new constraction. The new center will serve as office for Foundation and Alumni Affairs staff and will welcome friends and alumni of the University back to campus. A fundraising campaign to build a new facility on the site of the fonner Alumni Center - at an estimated cost of $1.5 million - began and requests for proposals were issued. Financing for the new facility is through private donations and naming opportunities. Commitments totaling $707,678 were received by June 30, 2017. Subsequent to June 30, 2017, the Foundation signed Appendix A to the contract on September 18, 2017 binding the Foundation to the $1.5 million. $1.1 million in total commitments was required to begin construction. As of September 18, 2017, there was a $150,207 shortfall in total commitments. The Board agreed to upfront the monies which will be paid back with further pledge payments to the project. It is expected to open in the summer of 2018. In the October 2017 meeting of The University of Louisiana System Board of Supervisors approved the naming of the new facility to be the Laird-Weems Center to honor the contributions and achievements to the university of Billy Laird and the late Don Weems. 24 The University of Louisiana at Monroe Foundation Analysis of Endowed Principal Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 1 Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarship Expenses Balance 93006 - Hugh 0 McDonald, Jr & Kay M McDonald Gift Annuity #3 S - S S 11,410 S 66,587 S S S $ (7,939) S 70,057 93042 - Paul and Carolyn Lasseigne Gift Annuity for Pharmacy 3,228 - 1,09! . (767) 3,552 93048 - Hugh G McDonald, Jr & Kay M McDonald Gift Annuity #2 68,78! - (22,489) . . (8,534) 37,759 93049 - Hugh G McDonald, Jr & Kay M McDonald Gift Annuity SI 66,870 - (5,481) - - (7,595) 53,794 93407 - John M. Smith and Biliie P. Smith Gift Annuity #1 123,787 . 25,657 . (18,712) 130,732 93408 - John M. Smith and Biliie F. Smith Gift Annuity S2 111,473 - 29,787 - - (18,831) 122,429 9346i - John M. Smith and Biliie F. Smith Gift Annuity S3 263,753 . 33,935 . (40,148) 257,540 94018-Abeli Schoiaiship 174,021 - 16,582 - (7,045) (3,690) 179,868 94020 - Saul Adier (Americtm Legion) Scholarship 15,918 - 1,507 - - (653) (330) 16,442 94039 - Rebel Lunch Bunch Endowed Scholarslup 32,255 - 2,816 200 (1,297) (625) 33,349 94040 - Florence Alibritton Scholarship (Piano Award) 4,921 - 537 881 (124) 6,216 94041 - ULM Alumni Association Prestige License Plate Schoiaxship 103,681 6,076 15,921 (3,063) (1,343) 121,272 94042 - Allison Grace Honeycutt Memoritd Scholarship Endowment 24,610 - - - 390 - . 25,000 94044 - Alumni Association Life Membership Fund - . . . (54) 54 - 94045 - "L" Club Lifetime Mcmbo'ship Endo*vment 396 - (18) (377) - 94050 - Vicki C. Anzaione Memorial Scholarship 15,146 1,467 - (62!) (327) 15,665 94051 - Kappa Sigma Theta ah Fraternity Endowed Scholarship 27,224 2,461 1,550 (20) (1,140) (549) 29,527 94053 - The Audio and HM (Red) Mayes Endowed Scholarship 24,220 - - 339 - 24,559 94054 - Glenda G Otten Endowed Scholarship for Medical Lab Science 50,271 4,020 - 248 (2,046) (1,012) 51,480 94056 - Roger Vernon Foss Memorial Music Endowed Scholarship 9,891 - - 3 9,894 94057 - The Alpha Omicron Pi Lambda Tau Endowed ScholarsWp 4,710 - . 74 . 4,785 94058 - Eray-Lou Biedeidiam Second Endowed Professorship in Music 63.054 5,851 - (1.304) 67,600 94059 - Shane P. Desselle Doctor of Pharmacy Scholarship 469 5,000 10,000 (104) 15,365 94060 - Gerald & Anne Airant Scholarship in Insurance 33,488 3,114 (1,372) (683) 34,546 94062 - Ken & Mary Pameil Renwick Sup Grad End in Mar & Fam Therapy - 3,965 60,000 - (1,162) 62,803 94063 - ULM Endowed Chair in Agriculture 47,770 . 600,000 (11,568) 636,203 94064 - Leon Hammonds &idowed Professorship 9.554 120,000 (2.314) 127,241 94065 - Pat Williams Aswell Memorial Scholarship 10,106 977 (403) (218) 10,463 94067 • TLC-Scaccia Superior Graduate Scholarship - 4,777 60,000 (1,157) 63,620 94068 - Dr. Alex John Jr. Scholarship 1,915 235 6,000 - (1,500) (254) 6,396 94069 - Lauren Lang Memorial Scholarship - 439 18,050 - (168) 18,320 94070 • T. W. Auger Memorial Scholarship 8,751 - 801 - . (359) (174) 9,018 94071 - The Michael A Walsworth Endowed Scholanhip 27,436 - 339 (1,097) 26,679 94072 - Karen Upright Endowment for Distance Learning Students 11,735 191 . - 11,926 94073 - College of Atts, Education & Sciences Endowed Scholarship 58,148 . 5,203 . (1,005) (1,096) 61,251 94074 - LlPA Professorship in Phannacy 57,660 . 1,168 452 (260) 59,021 94075 - LIPA Superior Graduate Student Endowment - - 1,162 60,000 (1,853) (259) 59,050 94076 - President's Top Hawk's Fund • Principle - 120,923 7,758 68,200 1,326 77,750 (2,170) 273,787 94078 - Kim Sledge Super Professorship in Risk Managemrat & Insuranc - - 3,412 160,000 . (1.519) 161,893 94079 - ULM Super Professorship in Risk Management and Insurance - - 3,412 160,000 - (1,519) 161,893 94080 - George Bacon Memorial Scholarship 18,047 - 1,649 - - (740) (358) 18,597 94081 - College of Health & Pharmaceutical Sciaices Endowed Scholar 27,959 . 2,475 . 98 (487) 30,045 94082 - Thunnan Potts SOCM Naming Endowment Fund . - - 12,150 (580) 11,570 94084 - Milton & Bertha Cora Super First Gen. Endowed Scholarship 120,364 . 11,169 - (2,490) 129,043 94085 - Ernest & Sophia Holloway First Gen. Endowed Scholarship 60,182 - 5,425 40,000 - (1,229) 104,378 94086 - T & Dollie John Super First Gen. Endowed Schol^hip 120,364 - 11,169 - (2,490) 129,043 94087 - Anna Meyer First Grmeration Endowed Scholarship 60,182 - 5,584 - (1,245) 64,522 94088 - Paul & Mary Fink Super First Generation Endowed Schoi^hip 120,364 - 11,169 - - - (2,490) 129,043 94089 - Oscar Cahn & Kurt & Irmgard Fisher Super 1st Gen Endowed Sch 120,364 11,169 . . (2,490) 129,043 94090 - Francis Baldwin Memorial Scholarship in Chemistry 22,299 2,161 . (914) (482) 23.064 94091 - Kilty D^ree Superior Grad Student Schoi Public Admin Master 60.182 5,584 . (1,245) 64,522 94092 - Bruce & Debra Lcggitt Scholarship in Agribusiness & Aviation 23,884 . 742 . 24,626 94093 - R D. Castles SGS Endowed Super Fellowship 120,364 11,169 . (2,490) 129,043 94094 - Elsie Webb SGS Endowed Super Sch in Education 120,364 11,169 - . (2.490) 129,043 94095 - Elsie Webb SGS Endowed Super Scb in Business 120,364 11,169 80,000 . - (2,490) 209,043 94096 - Ted D Price Memorial Superior Graduate Endowment in Pharmacy 59,835 5,552 40,000 - (1,238) 104,149 94097 - Carolyn TTrom Suilivan Superior Grad Endowed Scho! in Nursing - 4,179 40,000 . 60,000 (1,186) 102,993 94098 - Carol Christopher First Generation Endowed Scholarship 59,835 - 5,552 40,000 - - (1.238) 104,149 25 The University of Louisiana at Monroe Foundation Analysis of Endowed Principal Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 1 Begirtning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Schoiarshio Expenses Balance 94099 - Susan D. WiUiara S BMOwsky, Jr. Endowed Chair in Acct . 11,935 600,000 - 400,000 (9,100) !,002,834 94100 - John Ball Scholarship in ConsEruction 25,371 - 2,366 - (1,038) (518) 26,181 94110 -T. 0. Bancroft Sr. BndowmMit Fund 66,164 6.389 (2,713) (1,420) 68,420 94111 - Linda & Nick Bruno University Honors Endowed Professorship 63,053 5,300 1,217 338 (6,700) (1,200) 62,007 94119 - Baton Rouge Alumni Chapter Scholarship 29 - (29) 94120 - Leonard Batlisione Memorial Scholarship 3,433 (3,535) 45 - - 57 94121 - Carolyn & Harold Bates End. for Med Lab Sci. & Agribusiness 20,444 1,260 10,000 20,000 (410) 51,294 94123 - John E. Baugh Endowment Scholarship in Construction 15,977 1,471 (655) (323) 16,471 94126 - Don A. Baxter Endowment Scholarship in Construction 16,583 1,516 - (676) (332) 17,090 94I2S - David & Sharon Turrentine Endowed Professorship 59,091 5,472 (873) (1,222) 62,468 94130 - John A. and Peter T. Beckish Memorial Scholarship 10,887 959 (446) (204) 11,196 94133 - Regions Bank Professorship in Accounting 60,828 5,621 40,000 - (1,253) 105,196 94135 - Beta Delta Chapter of Lambda Tau Honor Fraternity End Schol 1 - - (!) - 94138 - TheBeta Nu Chapter of Sigma Tau Gamma Fraternity Schoi. 50,770 - 4,765 - (2.079) (1,050) 52,406 94140 - Margaret & Bernard Biedeoham Chair of Business 1,060 - - - (1,060) - - 94141 - Freddy & Reba Nolan Endowed Professorship Business Analytics 100,127 (100,127) - - - - 94i42 - B.W. Bicdenhara Endowed Chair in Business 541,863 - 56,193 - (35,522) (12,484) 550,050 94143 - Jo Aim & Miles Sager, Jr. Endowed Professorship in Computer 99,662 (99,662) - - - - - 94144 - Elizabeth & Haydn Cutler Endowed Prof in Biotechnology 59,662 - 5,554 40,000 (1.238) 103,978 94145 - Francesca& C.D. O^iey, Jr. End Prof in Academic Innovation 59,662 . 5,554 40,000 (1.238) 103,978 94146 - Doll & Henry Bicdenhara, Jr. Endowed Prof in Communication 59,662 - 5,554 40,000 - (1.238) 103,978 94160 -Emy-Lou Biedenham Memorial Scholarship 152,028 - 17,45! - - (3,832) (3,820) 161,827 94165 - Howard E- Biackstock Memorial Scholarship 15,155 - 1,330 - - (621) (286) 15,578 94170 - Clark G- Boyce Professorship in Construction 141,471 - 14,296 - (6,iC0) (3.187) 146,480 94175 - Lois and John Breaux Public Relations Endowmtrnt Scholarship 28,499 - 2,458 - - (883) (544) 29,530 94176 - The Life Choices Enttowed Scholarship 14,322 - 287 - 14,609 94180 - A. C. Breckenridge Memorial Scholarship 19,837 - 1,885 - (813) (417) 20,491 94191 - The Brian Scholarship 22,758 2,135 - (533) (470) 23,500 94195 - Michael Brice Endowment Memorial Scholarship 22,226 - 1,543 4,000 291 (772) (6,337) 20,951 94197 - Cecil Brown Memorial Endowed Sdiolarship Fund 13,488 1,253 1,500 - (747) (284) 15,209 94200 - E. W. and Gladys Brown Memorial Scholarship 24,277 2,255 - - (995) (497) 25,040 94210 - Ruth Bruner Endowment Scholarship 18,648 1,348 - (530) (284) 19,182 94220 - Bnice Buckingham Memorial Scholarship 4,285 350 - (72) 4,563 94221 - The John Garrett Bniscalo Memorial Scholarship 15,068 1,448 - (617) (32!) 15,578 94222 - Lester L. Butler Endowment Memorial ScholMship 10,582 937 (679) (198) 10,642 94223 - Bob and Donna Brooks Endowed Scholarship 83,164 5,385 1,333 412 (2,730) (1,170) 86,394 94224 - CAPA - Biiiy Middleion Memorial Scholarship 50,101 4,499 (2,053) (961) 51,586 94225 - Calcasieu Pharmaceutical Association Scholarship 18,318 1,728 (1.145) (377) 18.525 94226 - Northwest Louisiana ULM Aiumni Chapter Scholarship 43,511 2,415 (1,319) (524) 44.082 94230 - Dr. Faheam and Helen Cannon Memorial Nursing Scholarship 27,200 2,508 150 (1,092) (550) 28,216 9423! - Terry M. Cannon Memorial Scholarship 11,814 9,174 1,832 (559) (405) 21,856 94240 - Dennis Robert "Bob" Carroll, Jr. Memorial Scholarship 13,84! 1,285 100 (562) (282) 14,382 94250 - Morris Hairy Carroll Memorial Endowed Scholarship 15,230 1,388 - (624) (300) 15,695 94260 - Cecil Kay Carter Jr. Scholarship in Construction 16,221 1,495 (665) (328) 16,723 94270 - Castles Memorial Scholarship 49,060 4,608 (2,011) (1,011) 50,647 94280 - R. D- Castles Endowment for Family Planning (Msur/Fam. Coun) 173,522 17,336 (11,260) (3,865) 175,733 94283 - CENLA Alumni Chapter Educational Scholarship 19,282 1,740 (765) (377) 19,880 94290 - Claire QiennauU Memorial Aviation Scholarship 26,619 2,432 (952) (529) 27,570 94294 - ULM - Medical Laboratory Science Society Endowed Scholarship 2 - - (2) - 94303 - Michael H. Woods First Generation Scholarship A 100,861 (100,861) - - - - 94304 - Michael H. Woods First Generation Scholarship B 58,818 - 4,320 40,000 1,182 40,000 (1,131) 143,189 94305 - Peggy Clark Memorial PSl Scholarship 38 - - (38) - 94306 - Dr. Ben Cobb Memorial Nursing Award 109,484 9,419 5,050 (4,022) (2,183) 117,748 94307 - L. M- & C, C. Colvert Scholarship 29,968 2,776 - (1,228) (609) 30,907 94308 - Pearle Gaskins Gofer Memorial Endowed Scholarship 21,794 2,028 (879) (445) 22,498 94310 - John Andretv Colvin Memorial Sehoiarship 105,963 9,570 850 (4,242) (2,096) 110,044 94312 - Courtney A. Cole Memorial Endowed Scholarship 52,977 3,532 300 (296) (90S) 55,605 94313 - Code Blue and The FlatlmeisSchol^hip 10,823 - 823 - (446) (ISO) 11,019 94314 - Conference Cento- Endowment 308.106 - 28,685 (12,422) (6,395) 317,974 26 The University of Louisiana at Monroe Foundation Analysis of Endowed Principal Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 1 Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarshin Exoenses Balance 94318 - Karen OhmeCoon Endowed Memorial Scholarship 78,863 7,368 - - (3,233) (1.618) 81,381 94320 - George Cox Memorial Scholarship 15,639 - 1,411 - (641) (308) 16,102 94322 - Miller Lite 1st Amendment Open First Gen End UG Scholarship 99,091 (99,091) - - - 94325 - Ray L. Crowell Schoiarsbip in Business Administration 26,362 1,661 - 28,023 94326 - BarbM'a & James Baxter & Dr. Richard Baxter End Comm Fund 29,124 . 2,723 . (1,170) (607) 30,070 94330 - Lawraice D^na Speech Schol^hip 40,928 3,835 - (1,665) (841) 42,257 94340 - Charles Daspit Memorial Scholarship 14,717 - 1,367 - (603) (299) 15,182 94345 - Mary Davidson Memorial Nursing Scholarship 30,461 - 2,928 - (1,300) (647) 31,441 94346 - Neil H. Douglas Scholarship in Zoology 17,309 1,617 - - (353) 18,572 94348 - Byron and Jean Davis Family Scholarship 28,844 - 2,558 - (1,182) (549) 29.670 94350 - Gretchen Masur Dean Endowed Scholarship 13,115 - 1,271 (535) (283) 13,567 94354 - Kitty DeGree School of Nursing Endowment Fund 872,554 - 50,881 6,392 (38,86!) (11,329) 879,637 94355 - Kitty DeOree Pharmacy Student Resource Center/Lib Endow Fund 304,708 - 28,369 - (12,394) (6,324) 314,359 94360 - The Kitty DeGree Scholarship Endowment 35,822 3,210 - (3,673) (671) 34,688 94362 - Nick Dimos College of Business Scholarship 37.349 - 2,448 - 59 (1,296) (527) 38,033 94363 - Desk & Derrick Club of Monroe Endowment Scholarslup 74 - (71) - - 94364 - Jennifer Frazcr Doles Memorial Sehoi in Marriage & Fmly Thtt 29,463 - 1,073 . 123 (554) (239) 29,866 94365 - Kathleoi & Bill Eason Memorial Scholarship in Constniction 34,782 - 654 . 367 (476) (5,063) 30,265 94367 - Charles E. DcPoe Manorial Scholarship 19,314 2,008 676 (448) 21,551 94368 - David Baughman, DDS, MD, Doctorate of Phaim Scholarship End. 24,311 - - 315 7 24,632 94380 - Employee Activity Committee Scholarship 9,954 926 - (408) (203) 10,269 94381 - Alpha Kappa Alpha Theta Zeta Sorority Endowed Schol 200 - - - 200 94384 - Delta Sigma Phi Zeta Pi Fraternity Endowed Scholarship 1,071 - - - 1,071 94386 - Kappa Alpha Order Gamma Nu Endowed Scholarship 3,069 - - 2,800 19 5,888 94387 - Kappa Delta Delta Zeta Sorority Endowed Scholarship 11,518 - - 3,650 89 - 15,257 94389 - Pi Kappa Alpha Eta Omicron Fraternity Endowed Scholarship 11,834 - 2,500 42 - 14,376 94390 - Phi Mu Alpha Rho Sorority Endowed Scholarship 200 - 200 - 400 94400 • Excellence in InsurMice Endowment 45,616 2,458 - 96 (1,276) (646) 46,248 94411 - Lomy Fant Scholarship 29,557 . 2,307 - - (1,212) (598) 30,054 94420 - Bob (Coach) Groseclose Scholarship 19,330 - 1,476 - (792) (379) 19,635 94435 - Fifth District Pharmaceutical Association Scholarship 15,926 . 1,193 335 - (634) (309) 16,511 94440 - Fifth District Teachers Association Scholarship 4,307 - 357 - - 355 (96) 4,923 94450 • The Paul wd Miuy V. Fink Endowed Schoiaship 24,207 - 1,937 - (1.003) (165) 24,675 94456 - Harold Turner Endowed Superior Graduate Student Schoiarsbip 100,706 (100,706) - . - - 94460 - tDscar Cahn and Kurt & Irmgard Fisher Endowed Schoiarsbip 71,14! - 5,460 - (2,938) (1,367) 72,297 94470 - Lancltc S. Fisher Memorial Scholarship 33,237 - 2,593 - (1,347) (670) 33,813 94480 - Zanona Flinn Endowed Scholarship 14,313 740 . (467) (192) 14,394 94490 - Emmett Foster Memorial Scholarship 60,226 5,672 - - (2.468) (1,252) 62,177 94500 - Franldin P^ish Alumni ULM Endowed Schol^hip 13,998 - 1,265 3,627 (566) (1,645) 16,679 94510 - LTC Travis A, French Manorial Aw^d 85 - . - - (85) - 94520 - Clara Freiberg Memorial Fund 6,063 - 654 - 999 (150) 7,565 94530 - Roger C & Wilma B Frisbie Memorial Scholarship in Music 24,609 - 1,647 . (778) (361) 25,117 94535 - Bobby 0. and Shirley J. Garrett Scholarship 9,574 - 888 - - (379) (194) 9,889 94540 - Jeffrey Gathings Memorial Scholarship 9,188 - 831 - (377) (178) 9,464 94550 - David Geisslcr Memorial Scholarship 24,665 - 2,285 - (985) (501) 25,463 94560 - Henry and Lillie Gerson Memorial Scholarship 44,732 . 4,204 - (1,402) (925) 46,609 94565 - Bill Gilbert Endowment Scholarship in Constniction 16,018 1,536 - (657) (340) 16,557 94570 - Milton and Bertha Marie Masur Com Scholarship 29,695 - 2,752 - - (1,229) (555) 30,662 94580 - Mary Goss Charities Schol^hip 611,387 51,565 21,000 (26.471) (11,329) 646,153 94585 - Mollis Graham Endowment Scholarship in Construction 15,675 1,443 - (642) (316) 16,160 94586 - Bailey Grant Memorial Scholarship in Criminal Justice 17,691 . 1,515 . (652) (329) 18,225 94587 - Gertie Mae Allen Green and Eidricc H. Green Endowed Schoi. 80,037 - 7,416 - (3,281) (1,619) 82,553 94588 - Don & Jean Giffen Memorial Scholarship 14,064 1,230 - (554) (268) 14,472 94589 - Sara M. Greene Memorial Scholarship 39,917 - 3,451 . (1,648) (727) 40,993 94590 - Captain Troy T. Guillory Memorial Aviation Schoiarsbip 19,564 - 1,778 - - (720) (379) 20,243 94591 - Brian Gregory Memorial Scholarship 29,888 - 2,588 700 (1,185) (553) 31,437 94595 - Cotham Haddad Endowment Memorial Schoiarsbip 8,00! - 730 - - - (160) 8,572 94600 - Jim and Faye Haddox Endowed Scholarship 25,213 1,807 - (892) (396) 25,732 94610 - Mauri Anne Hancock Memorial Nursing Scholarship 85.648 8,156 - - (4,444) (1,805) 87,555 27 The University of Louisiana at Monroe Foundation Analysis of Endowed Principal Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 1 Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarship Expenses Balance 94615 - i-rwces Davis HMimondSchoi^hip in Education 51,799 - 4,837 - - (2,122) (1,063) 53,451 94620 - Thomas Y. Harp Manorial Scholarship in Southern History 1 - - - (1) - 94621 - Harper Memorial Endowed Scholarship 20 - - - (20) - 94625 - Vance and Cora Lee Harrelson Memorial Scholarship 15,284 - 1,424 . (626) (312) 15,769 94626 - Louise E. Harris Scholarship 18,718 . 1,679 - (767) (357) 19,273 94630 - Ada Bess Han Memorial Scholarship 9,374 - 894 - (385) (197) 9,685 94640 - Jim Hawkins Scholarship 14,501 - 1,372 . (594) (300) 14,979 94650 - Jack and Ann Hayes Memorial Scholarship 13,935 - 1,319 - (570) (289) 14,395 94660 - Annelies Hayward Trust Manorial Scholarship 20,342 - 1,919 - (834) (423) 21,003 94665 - Edward Taylor Heard Jr. Endowment 4 - . - (4) - 94666 - Billy Wayne Heckford Memorial Scholarship 12,053 . 1,064 - (494) (231) 12,392 94667 - J. Hilton Heard Endowment Scholarship in Construction 15,602 - 1,453 - (640) (319) 16,096 94670 - Lenny Scheurer & Frank Hedrick Aviation Endowed Schol^hip 23,410 . 2,155 - (50!) (473) 24,592 94671 - Marie & Curtis Hensley & Tricta Roislcy Smith Scholarship 4,143 - 55 44 - 4,242 94673 - Mary Hcirington Memorial Scholarship 3 - - (3) - 94674 - Harper Family Foundation Scholarship 10,378 - 966 (408) (212) 10,724 94675 - Donald Holland Memorial Endowment 15 - - - (15) - - 94676 - Howard Hicks Memorial Endowed Scholarship 13,378 - 1,296 - (543) (289) 13.842 94680 - Johnnie Hollister Memorial Scholoship 12,997 - 1,068 - (234) 13,83! 94690 - Ernest Duncan and Sophia Stockton Holioway Scholarship 35,314 . 3,306 - (1,458) (703) 36,460 94695 - Dr. Robert Holt Award for Excellence in School of Sciences 24,479 - 2,183 - (793) (487) 25,382 94696 - Janet Hood-Hanchey Endowment 10,655 . 432 4,000 59 (96) 15,049 94700 - Howard's Endowed Scholarship 15,559 - 1,450 - - (638) (318) 16,053 94705 - Jimmy Don Hudson Memorial Endowed Scholarsirip 26 - - - (26) - 94708 - The Mary Sue Humble Jacka Scholarship 12,899 - 1,250 - (528) (279) 13,343 94709 - R. D. Ftur Independent iris. Agents of Ouachita, Inc. Sch End 27,607 - 2,592 50 - (1,495) (57!) 28,183 94710 - T. and Dollie John Endowed Scholarship Fund 30,394 - 2,847 - (1,258) (584) 31,399 947! 1 - Crulos D Fandal Endowed Scholarship 16,130 203 1,180 - (15!) 17,362 94720 - Michael Todd Johnson Memorial Scholarship 17,014 - 1,582 - (697) (347) 17,552 9472! - JoeKalil Memorial Scholarship Endowment 19,237 - 1,776 - (788) (388) 19,837 94723 - Kappa Alpha - Fred Page Memorial Scholarship 39,269 1,874 2,500 45 (20,244) (393) 23,051 94724 - Ben Katz Memorial Scholarship in Business 23,533 - 1,173 955 151 (599) (321) 24,893 94725 - Dr. Tom Kee Memorial Scholarship in Biology 19,881 - 1,833 - (814) (402) 20.498 94730 - Mike KeesSlate Trooper Memorial Scholarship 7,321 (7,321) 94740 - Francis Kelso Family and Consumer Sciences Endow. Schol. 17 - - (17) - 94741 - Morgan Kidd Memorial School of Sciences Scholarship 5 - (5) 94742 - Kilbourae High School Maye StoU Memorial End. Scholarship 28,419 2,753 (1,155) (614) 29,404 94750 - Kinsey Memorial Fund 91,454 10,985 (10,000) (2.439) 90,000 94760 - Paul Howard Kitchens Memorial Scholarship 27,724 2,551 950 (1,772) (552) 28,901 94765 - Billy & Florinell Laird Family Schol Endowment in Education 17,533 944 (662) (167) 17,648 94770 - Nick Lassiter Memorial Scholarship 8,011 736 1,805 (522) (159) 9,871 94780 • La Quinta Motor Inns Endowed Scholarship 15,577 1,442 - (638) (311) 16,070 94800 - James 0. Lancaster Jr. Memorial Scholarship 6,888 596 - (443) (125) 6,916 94810-Robert Layton Jr. Agriculture Scholarship 54,722 4,999 - (2,242) (1,083) 56,397 94815 - Louise Briley Leake Memorial Endowed Scholarship 74,820 6,862 - (3,067) (1,498) 77,116 94816 - Lynn L. LeblMc Scholarship in Atmospheric Science 12.509 1,049 500 (379) (23!) 13,449 94820 - Harry Lemert Fine Arts Scholarship 15,800 - 1,416 (647) (302) 16,267 94825 - Natalie Diane Beniz Schoifuship 15,055 - 1,413 - (592) (308) 15,568 94830 - Howard Leventhai Scholarship 126 - - (126) - 94840 - A. B. and Alyne Little Family Memorial Scholarship 6,226 562 - (125) 6,662 94841 - Henry A. Little Endowed Schoiacship 86,034 7.961 300 (3,499) (1.746) 89,050 94850 - Vincent Lomonte Memorial Scholarship 35,965 3,372 200 (1,021) a47) 37.768 94870 - Northeast La Business &. Community Development Ctr Endowment 12,028 - 1,167 (501) (260) 12,433 94871 - Louisi^a Surplus Line Assoc. Endowed ins. Studies Schol. 11.154 1,019 (457) (222) 11,494 94880 - George "Chip" Luffey Memorial Scholarship 67,187 - 5,782 (2,544) (1,266) 69,159 94885 - Melissa Gave .Mahaffey Memorial Scholarship 5,891 674 1,295 (152) 7,707 94900 - Eiise and Marcus Mapp Endowed Scholarslup 20,331 - 1,692 - (425) (365) 21,234 94910 - Bevaly Jean Marvin Memorial An Award 35,856 3,475 (1,470) (775) 37,087 94914 - JM & Gary Luffey Endowed Professorship in Life Sciences 60,562 4,904 882 - (1,232) 65,115 28 The University of Louisiana at Monroe Foundation Analysis of Endowed Principal Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule I Beginning Adjustments to Contritjutions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarship Expenses Balance 94920 - Thomas Mathieu Fund for Excellence in School of Sciences 68,862 - 6,337 - (2,823) (1,379) 70,997 94930 - Tommie Manison Graduate Scholarship in Cancer Research 10,354 - 699 - (424) (129) 10,500 94934 - John Ben McCoy & Inez McCoy Loper Memorial End. Scholarship 27,823 - 2,586 . (1,124) (566) 28,719 94935 - Alton McCready Memorial Schol^hip 10,483 . 862 - - (430) (178) 10,737 94936 - Charles H. (Charlie Mac) McDonald - ULM Retirees Scholarship 17,818 - 1,276 - - (585) (284) 18,225 94940 - John Lucieit McDonald, Sr. Family Memorial Endowment Fund 12,887 - 1,159 - - (258) 13,787 94950 - Martin A. McHeiuy Agriculture Scholarship 32,785 - 3,030 - - (1,309) (667) 33,838 94960 - Evelyn MacKay Endowment Scholarship 22,372 2,114 - - (879) (467) 23,140 94970 - L. Mavin McKneeiy English Scholarship Award 30,689 2,803 - (1,258) (608) 31,626 94972 - L. M. McKneeiy Endowed Scholarship Fund 51,126 4,645 - (2,095) (1,002) 52,675 94980 - J- Wayne Medley Endowment Memorial Scholarship 36,941 3,449 - (1,514) (758) 38,118 94985 - Bunnie M. wid Enid W. McKoin Memorial Scholarship 39,62! 3,672 - (1.519) (802) 40,871 94990 - Dr. John McLemore Memorial Scholarship 5,292 538 - 396 (122) 6,104 98000 - Anna Mey<^ Endowment Trust Fund 47,145 4,523 - (1.947) (975) 48,746 98001 - Progressive Bar^ Endowed Prof in Financial and IT Svcs 62,284 5,822 - - (1,298) 66,808 98010- George A. Miller Manorial Scholarship 26,250 2,446 - (1,076) (536) 27,084 98011 - Willis Kjiigbton Endowed Professorship 4,320 60,000 - (1.131) 63,189 98016 - John and Tasha Gardner Professorship in Marketing Analytics - 319 30,000 (441) 45,000 (524) 74,354 98018 - Kim Sledge Excellence in Insurance Endowment 2,985 140,000 - - (1.329) 141,656 9S019 - Lawson & Sharon Swearingen Endowed Prof in Political Science 319 60,000 (2,427) 60,000 (524) 117,368 98020 - Bill and Anne Milstead Agriculture Scholarship 17,652 1,609 - (723) (352) 18,186 98021 - Henry A. Little, CPA, Endowed Professorship 319 40,000 (1,846) 60,000 (524) 97,949 9S030 - Hazel Mitchell Scholarship Fund 9,531 92! - - 3 (202) 10,253 98031 - Mitchiner - Gittinger Endowed Scholarship 13.628 1,263 (558) (277) 14,056 98040 - Winton Mizell Manorial Scholarship 13,628 1,254 (558) (269) 14,054 98050 - Hurvie Moak Scholarship for Constraction 4,430 415 (177) (92) 4,575 98060 - Monroe-Wet Monroe Business & Professional Women's Schol. 17,207 1,416 (998) (310) 17,315 98065 - American Petroleum institute, Custer K. Primos Manorial SchI 101,757 9,389 (1,132) (2,055) 104,959 98067 - Am Vets Post 66 Scholarship 10,225 961 . (414) (212) 10,56! 98070 - Monroe District Nurses Association Scholarship Endowment 11,181 1,056 (158) (234) 11,545 98080 - Monroe Police Local 81 Scholarship in Criminal Justice 3,999 (3.999) - - 98085 - George Moses Manorial Scholarship Endo\vment 4,458 433 - (186) (96) 4,609 98086 - Lynn Rowe Moore Communicative Disorder Scholarship 27,348 2,512 - (1,115) (546) 28,199 98087 - Frances Morris Memorial Scholarship 63,247 5,757 34,785 (2.768) (1,262) 99,759 98088 - George Moses Memorial Endowment 23,273 2,071 - 123 (462) 25,005 98089 - Dean Thomas E. Muq>hy Water Ski Scholarship 15,976 1,537 350 (648) (343) 16,872 98090 - Home Builders Association of Northeast Louisiana Sdtolarship 42,800 - 3,167 2,800 (1,476) (696) 46,595 98095 - George and Ruth Smith Manorial Honors Scholarship 22,217 2,107 - (910) (462) 22,952 98097 - L Club Children's Memorial Scholaislup 13 - (13) - 98100 - News Star / Home Economics Endowed Scholarship 73 - - (73) - 98105 - IberiaBank Endowed Professorship of Distinction 60,855 5,624 . - (1.254) 65,225 98 no - Robert E. and Earleene D. Nolan Scholarship 16,043 - 1,493 - (657) (327) 16,552 98120 - ULM Indian BandEndo\vment 18,513 - 1,796 - (771) (400) 19,137 98125 - ULM Student Involvement Scholaislup 311,138 28,332 - (12,748) (6,152) 320,570 98130 - ULM Kiwanis Club Scholarship 15 . - (IS) - - 98140 - William Laffler Memorial Scholarship 4,226 522 - 1,697 (124) 6,320 98145 - Nursing Endowed Professorship 58,418 4,386 - 771 40,000 (1,271) 102,304 98155 - Franciscan Missionaries Endowed Scholarship in Nursing 42,831 - 3,925 - - (1,753) (856) 44,146 98160 - Ouachita Parish Women's Republican Club ist Generation Schol 99,315 (99,315) - - - - 98169 - CardinalHealth Scholarship Endowment 33,114 - 2,837 - (1,256) (623) 36,072 98170 - Lake C. Oxford Memorial ScholMship 23,722 2,247 - (952) (497) 24,521 98180 - Dorothy Page Endowment Memorial Nursing Schoi^hip 7,507 . 702 - (456) (155) 7,599 98184 - Oitachita National Bmk Education Trust Fund ScholMship 60,624 - 5,635 - (2,526) (1,234) 62,499 98190 - Otto E. Passman Scholarship 39,854 3,733 . (1,633) (819) 41,136 98201 - The Jeanne R. and John H. Pcre Graduate Schol. in English 56,209 - 5,203 - - (2,231) (1,147) 58,034 98210 - William Porter Memorial Trust 50 - - - (50) - - 98220 - Thurman Potts Endowment for Construction Education 186,921 - 15,571 4,000 44 (6,482) (3,471) 196,583 98230 - L. L. Price and Sam Walker Memorial Endowed Scholarship 6,536 - 589 - 34 (129) 7,030 98231 - Ted D, Price Memorial Scholarship 133,247 - 8,495 - 248 (5,440) (1,877) 134,673 29 The University of Louisiana at Monroe Foundation Anaiysis of Endowed Principal Funds -Fair Market Vaiue Basis For The Year Ending June 30, 2017 Scheduie I Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarship Expenses Balance 98241 - Brian Putman Memorial Endowed Scholarship 11,457 . 1,075 . . (457) (234) 11,84! 98250 - Paul L. Rawson Endowed Fund for the ULM School of Geoscience 9,549 - 889 - . (768) (198) 9,472 98255 - Michael Joseph Raymond Memorial Scholarship 10,331 - 998 . (406) (223) 10,701 98257 - R. 0. Richardson Memorial Construction Endowment 52,029 - 4,844 - - (2,093) (1,080) 53,700 98260 - David Robertson Persoiuiel & Human Resources Scholarship 51 . . - (51) - . 98270 - Rotaiy Club of Moruoe Endowment Scholarship 42,985 - 4,014 . . (1.759) (878) 44,352 98280 - Lamar E- Rogers. Sr. Memorial Scholarship 3,651 - 333 - - (73) 3,911 98300 - Sara Rubin Memorial Nursing Scholarship 27 . (27) . 98305 - Franky Russell Endowed Memorial Jazz Enstmble Scholarship 10,673 - 1,025 - . (436) (228) 11,034 98310 - Library Endowment - Friends of the Library 144,360 - 13,389 240 . (5,786) (2,985) 149,219 98320 - Bill & Gladys Sanders Scholarship 41,604 - 3,866 . - (341) (847) 44,283 98330 - Lenny Scheurcr Mcmoriai Support the Flying Tomahawks 89 - . - . (89) . 98334 - Adcle & Paul Ransom Campus Landscaping & Beautific Endowment 24,220 . - - 192 - - 24,412 98335 - Lucy Shackelford Endorvment in Kinesiology 187,041 - 17,412 . (7,645) (3.882) 192,926 98340 - John H. "Slim" Scogin Mcmoriai Scholarship 17,471 1,493 . (719) (315) 17,930 98349 - Mayme and Tom Scott Baptist Children's Home Scholarship 56,444 - 5,233 (2,312) (1,129) 58,236 98350 - Tom and Mayme Scott Schoi^bip 143,537 13,075 - (5,883) (2,864) 147,865 98360 - College of Pharmacy Endowment Fund 68,124 - 6,342 (2,776) (1,414) 70.276 98369 - Corporal J. R. Searcy Memorial Scholarship 50,563 4,713 (2,485) (1.022) 51,769 98370 - Swtoma Club of Monroe Speech and Hearing Scholarship 123 - (123) 98371 - Dr. Lucy Shackelford Memorial Schoi^hip 165,778 15,668 (6,794) (3.439) 171,212 98373 - Sherman / Jackson Scholarship Fund 15,189 1,159 2,000 (546) (254) 17,548 98375 • Sigma Kappa Sorority Endowment Scholarship 7,830 (7,830) . - 98376 - The American Petroleum Institute - Sis Barringer Myers Schol 34,764 3,220 (1.424) (704) 35,856 98377 - Southern Hardware & Supply / Family Endowed Scholarship 11,57! 1,072 350 - (434) (239) 12,320 98380 - Sp^ks Family Trust Scholarship 82,507 7,822 (3,382) (1,713) 85,234 98390 - Helen Elizabeth Spyker Memorial Scholarship 48,018 4,222 (1,969) (875) 49,396 98400 - Clifford M. Strauss Endowed Fund 152,268 14,076 - (6,347) (3,075) 156,922 98410 - Carolyn Thorn Sullivan Nursing Scholarship 162,413 11,253 - (64,278) (2,228) 107,160 98419 - Christine Taumon Scholarship in Nursing 103,078 9,796 - (4,223) (2,161) 106,490 98420 - Allen B. Thigpen Manorial Scholarship 18,904 1,755 - (775) (385) 19.499 98425 - The Lance Michael Thomas Manorial Scholarship 11,609 1,061 . (582) (233) 11,855 98430 - Pilot Club of Monroe, Louisiana, Inc. Scholarship 15,806 1,498 - (647) (329) 16,329 98435 - Johnette Toiiett Mcmoriai 11,702 1,019 - . (467) (220) 12,034 98440 - H. Kirt Touchstone Jr. Memorial Scholarship 21,269 1,970 . (872) (43!) 21,935 98450 - Major General George Trousdale "Big T Mcmoriai Scholarship 3! - (31) - 98455 - CM'OI Ann and Glj-nn Tubbs KA and FCA Endowed Schol Fund 25,046 - 2,228 2,500 . (488) 29,285 98460 - Nell Tul! and Maxv'in Spangier Memorial Scholarship 30 . - - (30) . 98470 - Yves M. Verret Jr. Memorial Scholarship 12,681 - 1,126 - - (516) (243) 13,047 98480 - Francis Wadsworth Science Fund 32,457 - 2,777 . - (1,17!) (595) 33,468 98490 - Mary Ellen and George Walker Scholarship Endowment 56,221 - 2,910 3,000 - (2.386) (567) 59,178 98500 - Sam Walker Manorial Scholarship for Agriculture 12,403 - 1,137 - (508) (248) 12,784 98510 - Shady Wall Memorial Endowed Scholarship in Banking 20,839 - 1,909 - (854) (415) 21,480 98511 - Dr. Robert Elgin Ward Education^ Scholarship 17,983 . 1,451 1,000 (663) (324) 19,447 98515 - Marie Pieiron Watson Memorial Scholarship 5,608 444 . (308) (97) 5,647 98520 - Elsie Webb Endowment Scholarship 366,098 34,792 - - (15,106) (7.586) 378.198 9852! - Don Wcems - 31 Ambassador Endowed Srfiolarship 30,279 2,718 - . (1,196) (594) 31.207 98530 - George Welch Endowment Education Schoiarshjp 32,161 3,001 - (1,318) (661) 33,183 98540 - Jessie G. and Doniel B. Weil Memorial Scholarship 9,598 884 (391) (194) 9,897 98550 - Greg Weesner Endowment Memorial Scholarship 11,341 1,099 (465) (245) 11,730 98560 • Emmit Cuny Mcmoriai West Monroe Civitan Club Scholarship 65,906 6,244 (2,701) (1,379) 68.069 98568 - Floy Antiey Wilhiie Memorial Scholarship 60,592 5,648 . (2,484) (1,239) 62,516 98569 - Randall Wilson Memorial Endowment in Q-cative Writing 10,473 975 (417) (217) 10.813 98570 - Sidney Wilhiic Endowmaii Scholarship in Crimintd Justice 76,119 7,184 - (3,120) (1,571) 78,612 98580 - T. J. Williams Memorial Scholarship 4,257 (4,257) . - 98582 - Spirit of the Warhawk Bidowed Scholarship 185,180 14,604 32,964 - 12,826 (3,325) 242,248 98585 - Harry Winters - Columbia, Louisiana Property 58,000 . . - - 58,000 98590 - Ned Wright Endowment Memorial Scholarship 39,729 - 3,455 . (1.672) (706) 40,806 98592 - Matt Hattaway Endowed Scholarship Fund 25,619 • 2,454 - - (1,024) (547) 26,502 30 The University of Louisiana at Monroe Foundation Analysis of Endowed Principal Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 1 Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Balance 98781 - Lauren Savoy Oiinde Endowed Fund 17,219 197 1,500 - (1,500) (150) 17,266 98834 - Dv. Judy High Difflcy & Dr. Gloria Braniiey End Busn Schol 5,413 324 20,000 - - (58) 25,679 98875 - SOAR "0" Faculty Development 3,009 5,000 (147) - . 7,862 98940 - SOAR "0" Opportunities/Educate 16,570 994 119 - (232) 17,450 98941 -SOAR "S" Students/Succeed 26,366 880 1,087 206 (4,690) (197) 23,653 Total S 15.417.839 S (489,2781 $ 1,389.443 S 2.247.030 S 9.518 S 973-535 S S (419.034! S 19,129.053 31 The University of Louisiana at Monroe Foundation Anaiysis of Endowed Operating Funds -Fair Market Vaiue Basis For The Year Ending June 30, 2017 Schedule! Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Schoiarships Expenses Balance 910!8 - Abeil Scholarship 29,235 S - S - $ S S 7,045 S (1,500) S S 34,780 91020 - Saul AdlCT (American Legion) Scholarship 2,609 - 653 (1,377) 1,885 91039 - Rebel Lunch Bunch Endowed Scholarship 759 - - 1,297 (750) (10) 1,296 91040 - Florence AllbritionScholmship (PiMO Award) fiOQ (SOOttovy; 9104! - ULM Alumni Association Prestige License Plate Scholarship 2,354 346 (2,700) - 91050 - Vicki C- Anralone Memorial Scholarship 2,975 - 62! - 3,596 91051 - Kappa Sigma Theia Chi Fraternity Endowed Scholarship - - 1,!40 . (53) 1,088 91054 - GlCTidaG Oiten Endowed Scholarship for Medical Lab Science 2,046 - 2,046 91000 - Gerald & Anne Arrant Scholarship in Insurance 2,968 . 1,372 (2,650) 1,690 910(55 - Pat Williams Aswell Memorial Scholarship 1,154 - 403 - 1,557 91068 - Dr. Alex John Jr. Scholarship 1,500 (1,500) . 91070 - T. W. Auger Memorial Scholarship 1,321 . - - 359 (1,000) - 680 91071 - The Michael A Walsworth Endowed Scholarship . - 1,097 - 1,097 91073 - College of Arts, Education & Sciences Endowed Schoiaiship . . - 2,400 - (250) 2,150 91076 - President's Top Hawk's Fund - Operating - 242,077 - (90,707) (27,000) (37,562) 86,809 91080 - George Bacon Memorial Scholarship 2,214 - - 740 (2,200) 754 91081 - College of Health & Phannaceuticai Sciences Endowed Scholar - - 1,152 (250) 902 91090 - Frcuicis Baldwin Memorial Scholarship in Chemistry 10,815 . - 914 - 11,729 91 too - John Ball Scholarship in Construction 2,309 - . 1,038 (2,300) - 1,047 9UiO - T. 0. Bancroft Sr. Endo\vment Fund 10,853 . - 2,713 (11,803) - 1,763 91119 - Baton Rouge Alumni Chapl« Scholarship 7.039 . - 29 (5,939) - 1,129 91120 - Leonard Battisione Memorial Scholarship 195 (195) - - - - 91123 - John E. Baugh Endovvment Scholarship in Construction 1,304 - - 655 (1,300) - 659 91126 - Don A. Baxter Endowment Scholarship in Construction 1,346 - - - 676 (1,300) - 722 91128 - David & Sharon Turrentine Endowed Professorship - - - 4,000 - - 4,000 91130 - John A. and Peter T, Beckish Memorial Scholarship 2,145 . - 446 (2,145) . 446 91133 - Regions Bank Professorship in Accounting - . - 2,000 . 2,000 91138 - The Beta Nu Chapter of SigmaTau Gamma Fraternity Schol. 4,763 - - - 2,079 (2,850) - 3,992 91140 - Margaret & Bernard Biedenbam Chair of Business (3,133) - - 71,337 (38,616) 29,588 9! 142 - B.W. Biedenham Endowed Chair in Business 35,815 - - (35,815) - - - 91160 - Emy-Lou Biedenham Memorial Scholarship 16,075 - - 4,892 (17,050) - 3,917 91165 - How^d E. Blackstock Memorial Scholtuship 1,467 - - - 621 (2,450) - (362) 91170 - Clark G. Boyce Professorship in Construction 9,518 - - - 6,100 - (5,000) 10,618 91175 - Lois and John Brcaux Public Relations Endowment Scholarship 2,010 . - 883 (1,000) - 1,893 91176 - The Life Choices Endowed Scholarship 9,587 - 388 (5,000) - 4,975 91180 • A. C. Breckenridge Memorial Schoiaiship 842 - - 813 (800) - 855 9! 191 - The Brian Scholarship 4,780 - - 933 (1,500) - 4,213 91195 - Michael Brice Endowment Memorial Scholarship 1,746 - 772 (1,700) (200) 618 9! 197 - Cecil Bro\vn Memorial Endowed Scholarship Fund 886 - 664 (875) - 675 91200 - E. W. and Gladys Brown Memorial Scholarship 1,497 . - 995 (1.400) - 1,092 91210 - Ruth Bruner Endowment Scholarship 5,726 - 568 (4,070) - 2.224 9! 220 - Bruce Buckingham Memorial Scholarship 1,408 - (1.400) 8 91221 - The John Garrett Bruscato Memorial Scholarship 2,017 - 617 (500) 2,134 91222 - Lester L. Butler Endowment Memorial Scholarship 2,723 . - 679 (2,700) - 702 91223 - Bob and Donna Brooks Endowed Scholmship 5,320 1,000 2,730 (7,300) (817) 933 91224 - <3APA - Billy Middleton Memorial Scholarship 10,048 - 2,053 (10,000) - 2,101 91225 - Calcasieu Pharmaceutical Association Scholarship 1,992 . 1,145 (1,975) 1,162 91226 - Northwest Louisiana ULM Alumni Chapter Scholarship 6,169 - 1,319 (2,500) 4,988 91230 - Dr. Faheam and Helen Cannon Memorial Nursing Scholarship 1,616 - 1,092 (1,600) (8) 1,101 91231 - Tory M. Cannon Memorial Scholarship 930 . 559 (900) 589 91240 - Dennis Robert "Bob" Carroll, Jr. Memorial Scholarship 1,109 - - 562 (1,100) (5) 566 91250 - Morris Heruy Carrol! Manorial Endowed Scholarship 2,493 - . 624 (2,400) - 717 91260 - Cecil Kay Carter Jr. Scholarship in Construction 1,374 . 665 (1,300) 739 91270 - Castles Memorial Scholarship 4,034 - 2,011 (3,500) 2,545 91280 - R. D. Castles Endowment for Family Planning (Marr/Fam. Coun) 37,404 - 11,260 - (19,99!) 28,673 91283 - CENLA Alumni Chapter Educational Scholarship 2,631 - 765 (2,630) 766 91290 - Claire Chennault Memorial Aviation Scholarship 3,204 - 978 (3,200) 982 91306 - Dr. Ben Cobb Memorial Nursing Award 5,037 - 4,022 (5,000) (253) 3,806 32 The University of Louisiana at Monroe Foundation Analysis of Endowed Operating Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 2 Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarships Expenses Balance 91307 - L. M- & C- C. Colvot Scholarship 2,549 . . - 1,228 (2,400) - 1,377 91308 - PearleGaskins Cofer Memorial Endowed Scholarship 1,744 - - 879 (1,700) - 923 91310 - John Andrew Colvin Memorial Scholarship 8,328 - - 4.242 (8,000) (43) 4,527 91312- Courtney A. Cole Memorial Eitdowed Scholarship 3,594 - - 296 (2,000) (15) 1,875 91313 - Code Blue and The Flatli nersScholarship 540 - 446 (750) 336 91314 - Conference Center Endowment 48,460 12,422 - (30,632) 30,250 91318 - Karen Ohme Coon Endowed Memorial ScholMship 6,025 - 3,233 (6,000) 3,258 91320 - Oco^eCox Memorial Scholarship 1,546 641 (1,500) 687 91326 - Barbara & James Baxter & Dr. Richard Baxta- EndComm Fund 77 1,170 1,247 91330 - Latvrence Danna Speech Scholarship 3,315 - 1,665 (3,300) - 1,680 91340 - Charles Daspit Memorial Schol^hip 1,290 - - 603 (1,290) - 603 91345 - Mary Davidson Memorial Nursing Scholarship 1,241 - . - 1,300 (1,240) - 1,301 91346 - Neil H. Douglas Scholarship in Zoology 1,481 - . - - (1.400) - 81 91348 - Byron and Jean Davis Family Scholarship 5,018 - - 1,182 (5,025) - 1,175 91350 - Gretchen Masur Deal Endowed Scholarship 2,499 - . - - 535 (200) 2,834 91354 - Kitty DeGree School of Nursing Endowment Fund 61,086 . - - 30,861 - 91,947 91355 - Kilty DeGree Pharmacy Student Resource Center/Lib Endow Fund 55,285 - - 12,394 - - 67,679 91360 - The Kitty DeGree ScholMship Endowment 10,690 - - 3,673 (10,690) - 3.673 91362 - Nick Dimos College of Business Scholarship 4,221 - 1,296 (4,500) (100) 917 91364 - Jennifer Frazcr Doles Memorial Schol in Marriage & Fmly Ther 853 . 554 - - 1,407 91365 - KaiWeen & Bill Eason Memorial Scholarship in Construction 420 - 476 (420) (254) 222 91367 - Charles E. DePoe Memorial Scholarship 2,265 - (676) - - 1,589 91380 - Employee Activity CommitteeScholarship 817 . 408 (800) 425 91400 - Excellence in insurance Endotvment 1,856 8,109 1,276 - (2,778) 8,463 91411 -Lenny Fant Scholarship 4,841 1,212 (2,609) 3.444 91420 - Bob (Coach) Oroseclose Scholatship 3,170 - 792 (3.000) 962 91435 - Fifth District Pharmaceutical Association Scholarship 1,310 - 634 (1,300) (17) 627 91440 - Fifth District Teachers Association Scholarship 355 - - - (355) - • 91450-The Paul and Mary V. Fink Endowed Scholarship 12,358 . . - 1,003 (10,850) - 2,51! 91460- Oscar Cahn and Kurt & Irmgard Fisher Endowed Scholarship 16,720 . . - 2,938 (16,700) - 2,958 91470- LaneiieS. Fisher Memorial Schol^hip 2,262 - - 1,347 (2.200) - 1,409 91480 - Zanona Flinn Endowed Scholarship 823 - - 467 (800) - 490 91490 - Emmctt Foster Metnorial ScholatsWp 3,002 - - 2,468 (3,000) - 2,470 91500 - Franklin P^sh Alumni ULM Endowed Scholarship 1,059 - - - 566 - (113) 1,512 91520 - Clara Freiberg Memorial Fund 999 . (999) - - 91530 - Roger C & Wilma B Frisbie Memorial Scholarship in Music 1,198 778 (1,450) - 526 91535 - Bobby 0. and Shirley J. Garrett Schol^hip (424) 1,000 379 (500) 455 91540 - Jeffrey Gathings Memorial Scholarship 1,905 . 377 (1,700) 582 91550 - David Geissler Memorial Scholarship 1,918 - 985 (1,900) 1,003 91560 - Henry and Lillie Gerson Manorial Scholarship 4,206 1,402 (3,000) 2,608 91565 - Bill Gilbert Endowment Scholarship in Construction 1,308 657 (1,300) 665 91570 - Milton and Bertha Marie Masur Gom Scholarship 13,909 - 1,229 (13,900) 1,238 91580 - Mary Goss Charities Scholarship 51.737 - 26,471 (36,250) 41,958 91585 - Mollis Graham Endowment Scholarship in Construction 645 - 642 (645) - 642 91586 - Bailey Grant Memori^ Scholarship in Criminal Justice 2,158 . 652 (2,100) 710 91587 - Gertie Mae Allen Green and EldriceH- Green Endowed Schol. 8,212 - - 3,281 (8,200) - 3,293 91588 - Don & Jean Giffen Memorial Scholarship 1,573 - - 554 (1,500) - 627 91589 - Sara M. Greene Memorial Scholarship 10,297 . - 1,648 (10,200) - 1,745 91590 - Captain Troy T. Guillory Memorial Aviation Scholarship 4,132 - - - 735 (4,100) - 767 9159! - Brian Gregory Memorial Scholarship 5,798 - . - 1,185 (5,700) (35) 1,248 91595 - Cotham Haddad Endowment Memorial Scholmhip 654 . . - - (650) - 4 91600 - Jim and FayeHaddox Endowed Scholarship 1,653 - . - - 892 (1.650) - 895 91610 - Mauri Anne Hancock Memorial Nursing Scholarship 3,149 . - 4,444 (3,150) - 4,443 91615 - Frances Davis Hammond Scholarship in Education 3,738 - - 2,122 (3,700) - 2,160 91620 - Thomas Y. Harp Memorial Scholarship in Southern History 755 - - - 1 (750) - 5 91625 - Vance and Cora Lee Harrelson Memorial Scholarship 1,247 - . . - 626 (1,200) - 673 91626 - Louise E. Harris Scholarship 4,208 - - 767 (4,200) - 775 91630 - Ada Bess Hart Memorial Scholarship 571 - 385 (570) - 386 91640 - Jim Hawkins Scholarship 1,372 - - 594 (1,300) - 666 33 The University of Louisiana at Monroe Foundation Analysis of Endowed Operating Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 2 Beginning Adjustments to Contributions Pledge Ottrer Ending Balance Fund Balance Revenues Received Activity Transfers Schoiarshibs Expenses Balance 91650 - Jack and Ann Hay Beginning Adjuslmenls to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers ScholarshiDS Exoenses Balance 92031 - N^Qichiner - Gitiinger Endowed Scholarship 1,208 . . 558 (1,200) 566 92040 - Winton Mizeii Memorial Scholarship 2.620 - 558 (2,600) 578 92050 - Hurvie MoricScholarship for Construction 48 . - 177 - 225 92060 - MoDTOE-West Monroe Business & Professional Women's Schol. 1,556 . 998 (1.400) 1,154 92065 - American Petroleum Institute, Custer K. Primes Memorial Schl 11.053 - 4,132 (9,000) - 6,185 92067 - Am Vets Post 66 Scholarship 618 - 414 (600) - 432 92070 - Monroe District Nurses Association Scholarship Endownent 449 , - 458 (400) - 507 92080 - Monroe Police Local 81 Schol^hip in Criminal Justice 590 3,999 55 - (550) (6) 4,088 92085 - George Moses Memorial Scholarship Endo\vment 950 186 - - 1,136 92086 - Lynn Rowe Moore Communicative Disorder Schol^hip 3,323 - - 1,115 (3,300) - 1,138 92087 - Francss Moiris Memorial Scholarship 5,729 - 2,768 (5,000) (1,689) 1,807 92088 - George Moses Memorial Endowment 972 - 972 92089 - Dean Thomas E. Murphy Water Ski Scholarship 1,263 - 648 - (18) 1,894 92090 - HoracBuildCTS Association of Northeast Louisiana Scholarship 2.448 2,000 1,476 (2,400) (240) 3,284 92095 - George and Ruth Smith Memorial Honors Siriiolarship 1,836 - 910 (1,800) - 946 92105 - IbtasaBank Endowed Profe^oiship of Distinction . 4,000 (1,141) 2,859 92! 10 - Robert E. and Earieene D. Nolan Scholarship 1,319 . 657 (1,300) - 675 92120 - ULM Indian Band Endowment 1,885 - 771 (1,632) 1,024 92125 - ULM Student Involvement Scholarship 56,220 - - 12,748 (38,400) - 30,568 92140 - William Laffler Memorial Scholarship 1,697 - - (1,697) - 92155 • Franciscan Missionaries Endowed Scholarship in Nursing 4,597 - - - 1,753 (4,500) - 1,850 92160 - Ouachita Parish Women's Republican Club 1st Generation Schol 2,235 (2.235) - - 92169 - CardinalHeaith Scholarship Endowment 2,150 1,256 (2,200) - 1,206 92170 - Lake C. Oxford Memorial Scholaship 1,050 - 952 (1,000) 1,002 92180 - Dorothy Page Endowment Memorial Nursing Scholarship 418 . 456 (400) 474 92184 - Ouachita National Bank Education Trust Fund Scholarslup 5,336 - 2,526 (5,300) 2,562 92190 - Olio E. Passman Scholarship 3,329 - 1,633 (3,300) 1,662 92201 - The JeaineR. and JohnH. Pere Graduate Schol. in English 7,102 . 2,23! (3,000) 6,333 92220 - Thurman Potts Endowment for Construction Education 19,910 . 7,232 - (4,829) 22,313 92230 - L. L. Price and Sam Walker Memorial Endowed Scholarship 534 . (34) (500) - 92231 - Ted D. Price Memorial Scholarship 9,523 . 5,440 (4.000) (1,250) 9,713 92241 - Brian PutmMi Memorial &idowed S^olarship 1,308 . - 457 (1,300) - 465 92250 - Paul L. Rawson Endowed Fund for ULM School of Sciences 3,096 - 768 - - 3,864 92255 - Nhchael Josqjh Raymond Memorial Schol^hip 772 . 406 - - 1,178 92257 - R. D. Richardson Memorial Construction Endowment 5,777 - 2,093 - 7,870 92260 - David Robertson Personnel & Human Resources Scholarship 800 (800) - 92270 - Rotary Ciub of Monroe Endowment Scholarship 4,153 - 1,759 (4,150) - 1,762 92280 - Lamar E. Rogers, Sr. Mwnorial Scholarship 301 - - (300) 1 92300 - Sam Rubin Memorial Nursing Scholaship 3,148 - 27 (3,148) - 27 92305 - Franky Russell Endowed Memorial Jazz Ensemble Scholarship 17 . 436 - 453 92310 - Libraiy Endowment - Friends of the Library 7,977 4,752 10,786 - (5,106) 18,410 92320 - Bill & GladysSanders Scholarship 3,616 . 341 (3,600) 357 92322 - Scherck Bogen Bndorved Scholarship 1,491 . 744 (700) 1,535 92335 - Lucy Shackelford Endowment in Kinesiology 7,645 7,645 92340 - Joim H. "Slim" Scogin Memorial Scholarship 3,177 720 (4,200) (303) 92349 - Mayme and Tom Scott Baptist Children's Home Scholarship 9,263 2,312 (9,200) - 2,375 92350 - Tom and Mayme Scott Scholarship 14,275 . 5,883 (7,500) 12,658 92360 - College of Pharmacy Endowrocnt Fund 32,667 . - 2,776 - 35,443 92369 - Coipor^ J. R. Scarcy Memoritd Scholarship 6,938 - 2,485 (6,900) - 2,523 9237! - Dr. Lucy Shackelford Memorial Scholarship 13,020 - - 6,794 (13,000) - 6,814 92373 • Shetman / Jackson Scholarship Fund 1,546 - - 546 (1,000) - 1,092 92375 - Sigma Kappa Sorority Endowment Scholarship 4,624 (4,624) - • - 92376 - The Ameriain Petroleum Institute - Sis Barringer Myers Schoi 3,582 . . - 1,424 (3,200) 1,806 92377 - Southern Hardware & Supply / Marx Family Endowed Scholarship 782 - 434 - 1,216 92380 - Sparks Family Trust Scholmship 6,306 - 3,382 (6,300) 3,388 92390 - Helen Elizabeth Spyker Memorial Scholarship 16,131 . 1,969 (16,000) 2,100 92400 - Clifford M. Strauss Endowed Fund 49,931 - 6,347 (15,000) 2,000 43,278 92410 - C^olyn Thorn Sullivan Nursing Scholarship 7,654 4,278 (6,400) 5,532 92419 - Christine Tainton Scholar-ship in Nursing 4,892 • 4,223 (4,800) 4,315 35 The University of Louisiana at Monroe Foundation Analysis of Endowed Operating Funds -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 2 Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activltv Transfers Scholarships Expenses Balance 92420 - Allen B. Thigpen Memorial Scholarship 1,609 - - - 775 (1,600) 784 92425 - The Lance Michael Thomas Memorial Scholarship 927 - - 582 (900) 609 92430 - Pilot Club of Monroe, Louisiana, Inc. Scholarship 1,317 . 647 (1,300) 664 92435 -JohneiieTolieit Memorial 1.612 467 (1,600) 479 92440 - H- Kin Touchstone Jr. Memorial Scholarship 1,850 - - - 872 (1,850) 872 92455 - Carol Ann and Glynn Tubbs KA and FCA Endowed Scholarship Fun 5,602 - - - (2,000) (125) 3,477 92460 - Nell Tull and Marvin Sprmgler Memori^ Scholarship 4,137 - - 30 (3,103) 1,065 92470 - Yves M. Verret Jr. Memorisd ScholMship 1,925 516 (1.930) - 511 92480 - Francis Wadsworth Sciaice Fund 5,827 - - - 1,171 (5,800) 1,198 92490 - Mary Ellen and George Walker Scholarship Endowment 19,778 - 2,386 (19,700) (150) 2,314 92500 - Sam Walker Memorial Scholruship for Agriculture 1,389 - - 508 (1,350) 547 92510- Shady Wall Memorial Endowed Scholarship in Banking 2,664 - 854 (2,600) 918 92511 - Dr. Robert Elgin Ward Educational Scholarship 1,159 663 - 1,822 92515 - Marie Pierron Watson Memorial Scholarship 542 . - - 308 (500) 350 92520 - Elsie Webb Endcnvment Scholaship 50,707 15,106 (40,500) - 25,313 92521 - Don Weems- 3! Ambassador Endcnved Scholarship 2,953 - 1,196 (2,900) - 1,249 92530 - Geotge Welch Endowment Education Scholarship 1,955 - 1,318 (1,950) 1,323 92540 - Jessie G. and Doniei B. Weil Memorial Scholarship 782 - 391 (780) - 393 92550 - Greg Wecsner Endowment Memorial Scholarship 3,423 - 465 3,888 92560 - Emmit Curry Memorial West Monroe Civitan Club Scholarship 8,719 - 2,701 (3,000) - 8,420 92568 - Floy AntiQ" Wilhite Memorial Scholarship 4,724 - - 2,484 (4,700) 2,508 92569 - RMidail Wilson Memorial Endowment in Creative Writing 378 - 417 795 92570 - Sidney Wilhite Endowment Scholarship in Criminal Justice 8,480 - 3,120 (7,480) - 4,120 92580 - T. J. Williams Memorial Scholarship 703 (703) - - - 92582 - Spirit of the Warhawk Endowed Scholarship 23,177 - - (12,826) (4,000) 6,351 92590 - Ned Wright Endowment Memorial Scholarship 15.667 - - 1,672 (15,600) - 1,739 92592 - Matt Hattaway Endowed Scholarship Fund (1.013) - 1,024 12 92781 - Lauren Savoy Olinde Endowed Fund - - 1,500 (1.500) - 92940 - SOAR "0" Opportuniiies'Educate 276 . - . 276 Total S 1.424.535 S 236.467 S 55 S 23.411 S 388 S 403.436 S (833.109) S (168.202) S 1.086,981 36 The University of Louisiana at Monroe Foundation Analysis of Agency Endowment Accounts- Principal -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 3 Ending Beginning Principal Balance Adiustment Contribution Pledge Other Balance 6/30/2016 Fund Balance Revenues Received Activity Transfers Scholarships Expenses 6/30/2017 94150 - Joseph A. Biedenham Chair in Gerontology S 1,854,313 S $ 211,620 S S S (78,690) S $ (38,948) S 1.948.295 94171 - Emy-Lou Biedenliam Chair in Music 1,450,621 - 155,149 - - (61,710) (28,583) 1,515,478 94258 - Mary E, & Darrell L. Calhoun Chair in Phannacology 1,621,202 186,366 - - (68,570) (34,331) 1,704,667 94315 - Contractors Ed. Trust Fund Endowed Chair in Construction 1,809,380 - 192,247 - - (77,000) - (35,149) 1,889,477 94361 - Kitty DeGree Eminent Scholars Chair in Nursing 1,777,239 193,070 - - (73,660) (35,631) 1,861,017 98351 - Tom& Mayme Scott Endowed Chair-Clinical Pharmacy Practice 2,191,758 263,199 - - (90,500) - (48,574) 2,315,883 98389 - Haima Spyker Eminent Scholars Chair in Education 1,943,275 220.766 - . (82.460) - (40.539) 2,041,042 TOTAL ENDOWED CHAIRS S 12.647.787 s S 1,422,418 s s S (532,590) s $ (261,7551 S 13,275,859 94014 - Entergy Professorship in Computer Information Systems 149,721 16,078 (6,350) (2,943) S 156,507 94015 - Abel! Endowed Professorship in Entrepreneurship 202,431 21,741 (8,600) (3,970) 211,602 94016 - Frances Davis Hammond Professorsiiip in Education 138,801 14,915 (5,900) (2,738) 145,078 94017 - Entergy Professorsltip in Instructional Tech. in Teacher Ed. 155,678 17,620 (6,670) (3,252) 163,376 94046 - Aiuinni Professorship in Accounting 100,352 10,159 (4,350) (1,847) 104,314 94047 - George T. Walker Endowed Professorship in Entrepreneurship 169,786 18,225 (7,200) (3,277) 177,534 94049 - Mary Ellen Walker Professorship in Early Childhood Education 144,547 15,615 (6,140) (2,846) 151,176 94109 - Chase Professorship in Teacher Education 167,317 18,127 (7,110) (3,320) 175,014 94118 - Tommy and Mary Barliam Endowed Professorsiiip inEnglisii 155,464 16,016 (6,400) (2,900) 162,180 94129 - Beach Endowed Professorship in the School of Construction 137,550 14,758 (5,850) (2,634) 143,824 94134 - BAPES Excellence Endowed Professorship in Accounting 100,027 10,089 (4,340) (1,829) 103,948 94135 - Bellsouth Endowed Professorship in Science Education 157,825 16,566 (6,720) (3,058) 164,612 94141 - Freddy & Reba Nolan Endowed Professorship Business Analytics 100,127 9,420 (1,742) 107,806 94143 - Jo Ann & Miles Sager, Jr. Endowed Professorship in Computer 99,662 9,382 (4,080) (1,739) 103,225 94162 - Emy-Lou Biedenltam Endowed Professorship in Music 167,135 17,995 (7,110) (3,318) 174,702 94316 - Endowed Professorship in Elect/Mech, in School of Con. 141,651 15,655 (6,020) (2,867) 148,419 94344 - A. Dale Magoun Professorship in Mathematics 104,435 11,425 (4,440) (2,103) 109,317 94356 - Kitty DeOree Endowed Professorship in Computer Info. System 147,703 16,420 (6,270) (3,002) 154,850 94357 - Kitty DeGree Professorship for the Speech and Hiring Clinic 230,052 24,978 (9,790) (4,621) 240,620 94358 - Kitty DeGree Professorship in Computer Science 210,644 22,866 (8,950) (4,187) 220,374 94359 - Kitty DeGree Endowed Professorship in Biology 164,095 17,433 (6,980) (3,190) 171,358 94392 - Endowed Professorship in English 190,944 20,185 (8,120) (3,699) 199,310 94395 - Dr. Henry Hu Endowed Professorship in Entrepreneurship 139,706 14,857 (5,850) (2,667) 146,046 94566 - Glenwood Regional Medical Center Professorship in Nursing B 142,960 15,156 (6,080) (2,768) 149,268 94567 - Bruce and Lizabetli Boulware Professorship in Management 133,434 14,010 (5,680) (2,582) 139,183 94568 - Glenwood Regional Medical Center Professorship in Nursing 199,763 21,923 (8,490) (4,034) 209,162 94783 - Capital One Professorsiiip in Matliematics 114,139 12,094 (4,730) (2,232) 119,271 94784 - Governor James A. Noe and Linda Noe Laine Prof Agriculture 145,917 16^41 5,000 (6,190) (2,898) 158,069 94785 - Sister Ligouri Lawton Endowed Professorship in Nursing 188,098 20,230 (8,000) (3,691) 196,637 94786 - Hood / DcFatta Professorship in Accounting 143,102 14,784 (5,990) (2,726) 149,169 94861 - Louisiana Real Estate Commission Endowed Prof, in Finance 110,199 11,971 (4,680) (2,193) 115,297 John & Rosemary Luffey Professional in Residence End Prof. 105,112 10,909 (4,440) (2,010) 109,571 George L. "Ciiip" Luffey Endowed Professorship in Kinesiology 108,626 11,405 (4,610) (2,091) 113,329 94915 - Lillian L. and Fred A. Marx Endowed Professorship in Biology 113,327 12,436 (4,820) (2,273) 118,669 94937 - Vernon W. "Bodie" McCrory First Amendment Prof, in Mass Comm 180,058 19,835 (7,630) (3,595) 188,668 94938 - L- M. McKneely Professorship in English Literature 133,324 14,135 (5,670) (2,588) 139,20! 94939 - L. M. McKneely Professorship in Humanities 136,013 15,188 (5,770) (2,791) 142,639 94945 - Michelle McEacham Endowed Professorship in Accounting 104,370 11,199 (4,440) (2,058) 109,071 98109 - John L. Luffey Sr. Endowed Professorship in Accounting 162,160 16,922 (6,830) (3,085) 169,168 37 The University of Louisiana at Monroe Foundation Analysis of Agency Endowment Accounts- Principal -Fair Market Value Basis For The Year Ending June 30, 2017 Schedule 3 Ending Beginning Principal Balance Adjustment Contribution Pledge Other Balance 6/30/2016 Fund Balance Revenues Received Activity Transfers Scholarships Expenses 6/30/2017 981 i 1 - W. R, Hammond Professorship in Libera! Arts 188,530 - 20,349 - (8,020) - (3,684) 197,175 98112 - NE Chapter Associated General Contractors of America A & B 326,501 . 35,177 - (13,860) - (6,446) 341,372 98114- ULM Endowed Professorsiiip in Gerontology 202,629 . 21,491 - (8,390) - (3,966) 211,764 98125 - Kitty DeGree Endowed Professorship in Education 168,618 - 17,578 - (7,170) - (3,237) 175,789 98116 - ULM Endowed Professorship in Nursing 200,457 - 21,508 - (8,450) - (3,947) 209,568 98117 - ULM Endowed Professorsiiip in Education Administration 200,858 - 22,097 - (8,540) - (4,074) 210,341 98118 - ULM Endowed Professorsiiip in Geology 207,330 - 23,245 - (8,820) - (4,244) 217,510 98119 - ULM Endowed Professorship in Entrepreneurship 232,573 - 24,062 - (9,890) - (4,524) 242.220 98121 - State Fann Professorship in Insurance 181,903 - 19,682 - (7,730) - (3,595) 190,261 98122 - Sister Jerome Crowley Professorship in Nursing 166,285 17,202 - (7,070) (3,265) 173,253 98123 - ULM Endowed Professorship in Communicative Disorders 188,933 - 20,874 - (7,980) - (3,852) 197,975 98124 - Pfizer Inc - B. J. Robison Professorehip in Pliannacy 186,725 19,743 - (7,950) - (3,617) 194,901 98141 - Tlie Gaye Eason Dean Endowed Professorship in Nursing 97,006 9,321 (340) (1,714) 104,273 98142 - The Tessa Albritton Endowed Professorship in Pharmacy 97,006 9,321 - (340) - (1,714) 104,273 98143 - Willis Knighton Professorsiiip in Nursing Honoring Helen Mena 172,291 - 9,506 - (74,277) - (1,775) 105,745 98144 - Willis Knigliton Professorship for College of Phantiacy 172,292 9,506 (74,277) (1,775) 105,745 98202 - Pfizer Inc - B. J. and Mary Jo Robison Prof, in Gerontology 219,579 23,382 - (9,110) - (4,315) 229,535 98223 - Tliunnan Potts Professorship in Construction 225,476 22,753 - (7,850) (4,178) 236,201 98352 - Mayjne & Tom Scott Professorship in Agriculture 206,894 22,059 - (8,800) (4,071) 216,082 98353 - Mayme & Tom Scott Professorship in Teaching Excellence 189,150 - 20,108 - (8,030) (3,699) 197,528 98372 - Lucy Shackelford Professorship in Kinesiology 132,634 - 14,049 . (5,460) (2,593) 137,631 98465 - Sister Anne Marie Twohig Professorship in Nursing 180,985 19,699 - (7,690) - (3,603) 189,391 98468 - The Upsiiaw Family Professorsiiip for tiie College of Education 113,626 - 12,237 - (4,830) (2,241) 118,792 98514 - Waste Management Endowed Professorship in Toxicology 181,449 - 20,283 . (7,710) (3,708) 190,314 98591 - Clarke Williains Jr. Prof, in Communicative Software Design 182,758 . 19,650 (7,740) (3,603) 191,064 TOTAL ENDOWED PROFESSORSHIPS S 10,117,954 S 199,789 S 1,083.844 S 5.000 S s r557.6I4-| S $ (198.705) S 10.650,268 0 94301 - Mary Goss Charities First Generation Scholarship A S 176,087 S S 9,431 S - S s (75,954) S 0 S 107,751 94302 - Mary Goss Charities First Generation Scholarsliip B 176,087 - 9,431 - (75,953) - (1.814) 107,751 94303 - Micliael H. Woods First Generation Scholarsliip A - 100,861 9,453 - (4,130) - (1,752) 104,432 94309 - James Cofer First Generation Endowed Undergrad Scholarship 100,508 - 10,130 - (4,350) - (1.831) 104,457 94311 - Deborah Cofer First Generation Endowed Undergrad Scholarship 100,508 - 10,117 - (4,350) - (1,827) 104,448 94322 - Miller Life 1st Amendment Open First Gen End UG Scholarship - 99,091 9,280 - (5,047) - (1,717) 101,607 94455 - First Generation Endowed Undeigraduate Scholarship 109,566 - 11,425 - (4,640) - (2,039) 114,312 94456 - Harold Turner Endowed Superior Graduate Student Scholarship - 100,706 9,481 - (4,125) - (1,757) 104,305 98160 - Ouachita Parish Women's Republican Club 1st Generation Schol - 99,315 8,848 - (1,600) . (1,713) 104,849 TOTAL ENDOWED SCHOLARSHIPS S 662.756 S 399.972 S 87.593 s - s s (180,149) s S (16.263) S 953,910 TOTAL CHAIRS/PROFESSORSHiPS/SCHOLARSHIPS 23,428,498 599,761 S 2,593,854 S 5,000 S (i.270,353) S (476,723) S 24,880,037 38 The University of Louisiana at Monroe Foundation Analysis of Agency Endowment Accounts- Operating -Fair Market Value Basis For FYE June 30, 2017 Schedule 4 Ending Add: Ending Total Beginning Operating Principal Agency Balance Adjustment Cont. Pledge other Balance Balance Accounts 6/30/2016 Fund Balance Revenue Received Activltv Transfers Schol. Expenses 6/30/2017 5/30/2017 6/30/2017 91!50 • Joseph A. Bicdcnham Chair in Ocronlology 5 222,542 $ 8 s • s - S 78,690 S S (20,675) S 280,557 S 1,948,295 S 2,228,853 91171 • Emy-Lou Bicdenham Chair in Music 63,925 - 61,710 125,635 1,515,478 1,641,113 91258 - Mjuy E- & DatTCll L. Calhoun Chair in Phannacology 300,408 - . 68,570 (22,109) 346,869 1,704,667 2,051,536 91315 - Contractors Ed. Trust Fund Endowed Chair in Constniction 93,074 - - 77,000 (101,246) 68,828 1,889,477 1,958.305 91361 - Kitty DeOree Eminent Scholars Chair in Nursing 243,298 73,660 (13,281) 303,677 1,861,017 2,164,695 92351 - Tom & Mayme Scott Endowed Chair-Clinical Pharmacy Practice 527,278 - 90,500 - 617,778 2,315,883 2,933,660 92389 - Hanna Spyker Eminent Scholars Chair in Education 235.355 82.460 (71J87) 246.228 2.041.042 2.287.270 TOTAL ENDOWED CHAIRS S 168.5 880 S S s - s - S 532.590 s 8 (228.8981 S 1.989.572 S 13.275.859 S 15-265.431 91014 - Entergy Professoiship in Computer InfonnaEion SyslCTis S 6,260 s S s - s • S 6,350 s S (6,260) S 6,351 S 156,507 S 162,857 91015 - Abell Endmved Professorship in Entrcprcneurship 8,644 - 8,600 - (7.552) 9,692 211.602 221.294 91016 - Frances Davis Hammond Professorship in Education 16,061 5,900 - (14,202) 7,759 145.078 152,837 91017 - Entergy Professorship in Instructional Tech. in Teacher Ed. 17,441 6,670 - - 24,111 163,376 187,487 91046 - Alumni Professorship in Accounting 5,017 4,350 - (4,836) 4,531 104,314 108,845 91047 - George T. Walker Endowed Professorship in Entrcpteneurship 13,957 7,200 (13,956) 7,202 177,534 184,736 91049 - Mary Ellen Walker Professorship in Eariy Childhood Education 11,145 . 6,140 (5,906) 11.379 151,176 162,555 91109 - Chase Professorship in Teacher Education 8,251 7,110 (6,990) 8,371 175,014 183,386 91118 - Tommy and Mary Barham Endowed Professoiship in English 8,412 - 6,400 (6,248) 8,564 162,180 170,744 91129 - Beach Endowed Professorship in the School of Construction 5,804 5,850 (5,826) 5,827 143,824 149,651 91134 -BAPES Excellence Endowed Professoiship in Accounting 5,275 4,340 (4,850) 4,765 103,948 108,713 91135 - Bellsouth Endowed Professorship in Science Education 6,620 6,720 (6,619) 6,72! 164,612 171,333 91141 - Freddy &Rebai4olan Endowed Professorship Business Analytics 4,000 (816) 3,184 107.806 ! 10,990 9!143 - Jo Ann& Miles Sager, Jr. Endowed Professorship in Computer 4,080 4,080 103,225 107,305 91162 - Emy-Lou Biedenham Endowed Professoiship in Music 7,010 - 7,110 (7,100) 7,020 174,702 181,722 91316 - Endowed Professorship in Elect/Mech. in School of Con. 5,965 - 6,020 (5,826) 6,159 148,419 154,577 91344 - A. Dale Magoun Piofessorship in Mathematics 15,320 4,440 19,760 109,317 129,076 91356 - Kilty DeGree Endowed Professorship in Computer Info. System 18,109 . 6,270 (4^72) 20,007 154,850 174,858 91357 - Kilty DeGree Professorship for the Speech and Hearing Clinic 22,781 9,790 (7,487) 25,084 240,620 265,703 91358 - Kitty DeGree Professoiship in Computer Science 10,641 . 8,950 (8,084) 11,507 220,374 231,881 91359 - Kitty DcGrce Endowed Professoiship in Biology 11,339 - 6,980 (9,356) 8,963 171,358 180,321 91392 - Endowed Professorship in English 10,631 . 8,120 (7,865) 10,886 199310 210,196 91395 - Dr. Henry Hu Endowed Prof^orship in Entr^rencurship 11,242 . 5,850 (11,165) 5,927 146,046 151,973 91566 - Glcnwood Regional Medical Center Professorship in Nursing B 16,650 6,080 (9,009) 13,721 149,268 162,989 91567 - Bruce and Lizabcth Boulwan; Professorship in Management 5,547 . 5,680 (5,547) 5,681 139,183 144,863 91568 - Gl«iwood Regional Medical Center Professorship in Nursing 19,641 - 8,490 . (2,513) 25,618 209,162 234,780 91783 - Capital One Professoiship in Mathematics 4,600 4,730 9,330 119,271 128,601 91784 - Ooveinor James A, Noeand LindaNoeLaine Prof Agriculture 11,484 6,190 (11,482) 6,192 158,069 164,262 91785 • Sister Ligouti Lawton Endowed Professorship in Nursing 11,869 - 8,000 . (9,333) 10,536 196,637 207,173 91786 - Hood / DeFatta Professoiship in Accounting 13,076 - 5,990 . (4.88!) 14,185 149,169 163,355 91861 - Louisiana Real Estate Commission Endowed Prof, in Finance 10,293 4,680 . (2.546) 12,426 115,297 127,723 91882 - Joim & Rosemaiy LufT^ Professional in Residence End Prof. 6,815 - 4,440 - (792) 10,463 109,571 120,035 91883 - George L. "Chip" Luficy Endowed Professorship in Kinesiology 6,609 4,610 (4,451) 6,768 113,329 120,098 91915 • Lillian L. and Fred A. Maix Endowed Professorship in Biology 8,085 4,820 (8,031) 4.873 118,669 123,543 91937 • Vcmon W. "Bodie" McCroty First Amendment Prof. inMassComm 14,301 7,630 (7,271) 14,660 188,668 203,328 91938 - L. M. McKneely Professorship in &igiish Literature 5,673 5,670 (5.610) 5,733 139,201 144,933 91939- L. M. McKneely Professorship in Humanities 8,927 5,770 - (5,670) 9,027 142,639 151,667 91945 • Michelle McEacham Endowed Professorship in Accounting 7,011 4,440 (2,242) 9,209 109,071 118,280 92109 - John L. Luffey Sr. Endowed Professoiship in Accounting 6,696 6,830 (2,779) 10,746 169,168 179,914 92111 - W. R. Hammond Professorship in Liberal Arts 15,972 . 8,020 - (15,939) 8,053 197,175 205,228 92112 - NE Chapter Associated General Contractors of America A & B 14,393 13,860 - (10,000) 18,253 341,372 359,625 92113 - Northeast Chapter Associated General Contractors of Am. (B) 92114 - ULM Endowed Professorship in Gerontology 23,236 8,390 31,626 211,764 243,390 92115 - Kilty DeGree Endowed Professorship in Education 10,326 7,170 (7,242) 10,255 175,789 186,044 92116 - ULM Endovved Professorship in Nursing 13,689 8,450 (6,277) 15,862 209,568 225,430 92117 - ULM Endowed Professorship in Education Administration 8,528 - 8,540 (8,390) 8,078 210,341 219,019 92118 - ULM Endowed Professorship in Geology 21,236 8,820 (8,669) 21,386 217,510 238,896 92119 • ULM Endowed Professorship in Entrtmrcneurship 9,741 9,890 (9,712) 9,920 242,220 252,140 39 The University of Louisiana at Monroe Foundation Analysis of Agency Endowment Accounts- Operating -Fair Market Value Basis For FYE June 30, 2017 Schedule 4 Ending Add: Ending Total Beginning Operahng Principal Agency Balance Adjustment Cont. Pledge other Balance Balance Accounts 6/30/2016 Fund Balance Revenue Received Activity Transfers Schol. Expenses 6/30/2017 6/30/2017 6/30/2017 92121 - Slate Fann Professorship in insurmce 9,630 - - 7,730 (8,273) 9,087 190,261 199,348 92122 - Sister Jerome Crowley Professorship in Nursing 7,966 - - 7,070 (6,669) 8,368 173,253 181,620 92123 - ULM Endowed Prof^orship in Communicative Disorders 19,697 - - 7,980 27,677 197,975 225,651 92124 - Pfizer Inc- B. J. Robison Professorship in Pharmacy 10,342 - 7,950 (7,805) 10,486 194,901 205,387 92141 - The Gayc Eason Dean Endowed Professorship iti Nursing 804 - 340 1,144 104,273 105,417 92142 - TheTessa Albritton Endowed Professorship in Pharmacy 804 - 340 1,144 104,273 105,417 92143 - Willis Knighton Professorship in Nursing Honoring Hclerr Mena . 4,06? 4,067 105,745 109,812 92144 • Willis Knightorr Professorship for College of Pharmacy . 4,067 - 4,067 105,745 109,812 92202 • Pfizer Inc • B. J. and Mary Jo Robison Prof, in Gerontology 26.790 9,110 - 35,900 229,535 265,435 92223 - Thurman Potts Professorship in Construction 7,132 - 7,850 (3,877) 11,105 236,201 247,306 92352 - Mayme & Tom Scott Professorship in Agriculture 9,745 . . 8,800 18,545 216,082 234,627 92353 • Mayme & Tom Scott Professorship in Teaching Excellence 8,486 8,030 (7,890) 8,626 197,528 206,155 92372 - Lucy Shackelford Professorship in Kinesiology 6,900 - 5,460 (2,462) 9,898 137,63! 147,529 924SS - Sister Anne Marie Twohig Professorship in Nursing 13,061 - 7,690 (5,575) 15,176 189,391 204,567 9246S - The Upshaw Family Professoiship for the College of Education 13,483 4,830 (11.743) 6,570 118,792 125,362 92514 - Waste Management Endowed Professorship in Toxicology 27,707 - 7,710 (6,709) 28,709 190,314 219,022 92591 - Clarke Williams Jr. Prof, in Communicative Software Design 7.511 - 7.740 (2.882) 12,369 191.064 203,433 TOTAL ENDOWED PROFESSORSHIPS S 670.381 S S s - s - S 421.195 S S (357.588) .S 733.988 S 10.650.268 S 11,384,256 91301 - Maty Goss Charities First Goieration StJioiatship A S S s s - s - S 4,070 S S S 4,070 S 107,751 S 111,821 91302 - Mary Goss Chatilies First Generation Scholarship B - - 4,070 4,070 107,75! 111.821 91303 - Michael H. Woods First Generation Scholarship A - 4,130 4.130 104,432 108,562 91309 - James Cofcr Fitsl Generation Endowed Undergrad Scholarship 13,470 - 4,350 (11,500) - 6,320 104,457 110,777 91311 - Deborah Cofcr First G«i«ation Endowed Undergrad Scholarship 13,470 - - 4,350 (12,000) - 5,820 104,448 110,268 91322 - Miller Lite1st Amendment Open First Gen EndUG Scholarship - - - 4,018 4,018 101,607 105,625 91455 - First Generation Endowed Undergraduate Scholarship 21,200 - - 4,640 (21,000) 4,840 114,312 119,152 91456 - Harold Turner Endowed Superior Graduate Student Sdiolarshtp 4,125 4,125 104,305 108,429 92160 - Ouachita Parish Women's Republican Club ist Generation Schol 2235 2.000 1.600 (2,000) 3,835 104.849 108,684 TOTAL ENDOWED SCHOLARSHIPS S 48.140 s 2.235 s S 2.000 S .$ 35.353 s (46.500) S - S 41.228 S 953.910 S 995.1.38 TOTAL CHAIRS/PROFESSORSHIPSJSCHOLARSHtPS S 2.404.401 s 2.235 s S 2.000 S s 989.138 s (46.500) s (586.486) S 2.764,788 s 24.880.037 5 27.644,825 40 The University of Louisiana at Monroe Foundation Analysis of Temporary Restricted Funds - Departments- Fair Market Value Basis For the Year Ending June 30, 2017 Schedule 5 Beginning Adjustments Contribution! Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarship Expenses Balance 92003 - 4400 Bon Aire Project S 698,711 3,000 S $ 7,058 S 680,720 92004 - Mark and Mildred Maurer Cancer Research Enhanctanen! Fund 140,000 (4.370) . . 24,745 110.885 92006 - Mark and Mildred Maurer Lecture Scries Furtd 20,000 (624) . 923 18,452 92007 - Jonath^ Davies Support Fund 450,000 . - 444.089 92013 - LEH Write to Word Grant - ULM Storytelling Initiative 1,342 - 1,342 - 92600 - Construction Guild Fund 19,063 2,105 - 24,972 1.086 92601 - Department of Accounting Excellence Fund 129,360 18,000 (32,000) 1,000 77,594 37,485 92606 - Acute Toxicology Internship Fund 4,066 1,250 - 1,976 3,339 92610 - Department of Agriculture Fund 15,006 0 131 - . 6,178 8,959 92614 - Agriculture DTA Chapter Fund 4,777 851 . - 1,690 3,938 92618 - Bayou Discovery Science Camp Biology Dept Fund 107 . 107 92619 - CBA CcntCT for Business and Economic Research Fund 1,790 - • 1,790 92622 - "All Things ULM" Fund 568 9262S - Department of Alumni Relations Fund 277 _ 277 92640 - Art Program Fund 1,724 145 2,295 (5) - 2,782 1,376 92645 - College of Arts, Education & Sciences Fund 6,157 4,312 1,784 289 - 9,101 3,441 92647 - College of Business Building Fund 27 . . . 27 92648 - Licw Family Internationa! Student Center 105,980 1,060 . . - 107,040 92649 - Constniction Lobby (Beach) 210,537 104,558 3,000 - 62,440 256,161 92655 - Department of Athletics Fund 4,289 - - 4,289 92656 - Atmospheric Sciences Program Fund 6,344 (6,000) 20 518 92660 - Department of Aviation Fund 368 . - - 368 92665 - Bayou Walk Project 12,503 - - 12,503 92667-ULM Bus Fund 14 . 14 92668 - Chief Business Officer Fund 1,369 - 439 930 92670 - Biology Program Fund 17,361 555 . . 3.325 14,591 92671 - Biology Laboratory Support Fund 13,348 3,845 1,026 (4) - 522 17,693 92672 - Introductory Biology Support Fund 2,836 - - 2,836 92675 - Band Support Fund 250 11,010 . 11,084 !76 92718 - Dept of Accounting Quality Enhanconent Fund 342,648 (250,000) - 100,000 92719 • School of Construction Mgmt Industry Adv. Council Bldg, Fund 9,242 (750) - 8,499 92720 - School of Constniction Fund 37,594 20 87,690 (4,000) 62,362 59,187 92723 - Louisiana Contractors Fund 1,197 250 162,738 . 2,640 56,770 104,775 92724 - College of Business Administration Development Fund 50 . - - 50 92725 - College of Business Administration Fund 249,579 420 21,219 (174,188) 2,625 37,885 61,794 92726 - Department of Construction and Operation Fund 8 o0 92727 - Department of Custodial Fund 4 ] ; 4 92731 - Excellence in Business Management 32,138 5,125 (240) 2,991 34,032 92732 - Busings Outlook Summit 12,142 - 5,500 6,642 92733 - Experiential Training Fund 1,228 . 310 918 92734 - Excellence in Business Advertising Fund 31,099 (14,000) - 17,158 92738 - Campus Activities Board Fund 4! - 30 11 92739 - Career Cormeclions 2,597 1,785 4.425 - 6,414 2,393 92740 - Cancer Resiarch Fund 80,397 10,000 . 1,000 89,397 92741 - P. Candelia Memori^ Fund for Occupational TTierapy 1,513 1,536 - 712 2,337 92742 - College of Pharmacy Career Day Fund 118,403 (26,096) 11,815 89,492 92744 - College of B^iness Case Study Classroom 1,413 . - 1,413 92746 - College of Business Professional Development Fund 1.974 - 649 1,325 92763 - Center for Insurance Innovation 17! - !7i 92765 - Chautauqua Nexus 25 . . 25 92770 - Oiemislry Program Fund 11,133 . 395 10,738 92772 - Choral Music Support Fund 147 - - !47 92774 - ULM Child Development Center Fund 5,034 199 17 1,939 3,310 92777 - ULM Choral Alumni Fund 49 - 49 92780 - Clinical Pharmacy Practice Fund 9,424 . 9.424 92789 - Medical Laboratory Science Fund 10,690 (20) 212 10,503 92795 - CAES Diversity Fund 1.230 - - 1,230 92798 - CAES Literacy Fund 19 41 The University of Louisiana at Monroe Foundation Analysis of Temporary Restricted Funds - Departments- Fair Market Value Basis For the Year Ending June 30, 2017 Schedule 6 Beginning Adjustments Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarship Expenses Balance 92810 - COD! Enhancement Fund 361 361 92813 - COD! - Entergy Fund 675 675 928IS - Department of Computer Information Systems Fund 674 674 92825 - Dance Program Fund 48 *•0AH 92826 - Counseling Professional Development Fund 959 959 92828 - The Counseling Center Fund 327 327 92830 - Department of Computer Science Fund 15,619 395 15,654 92834 - Dr. Judy High Diffley & Dr. Gloria Brantley End Busn Scho! 5,413 (5,413) 92835 - Extended Learning and Quality EiUtancement 2,474 2,340 134 92836 - Clinical Laboratory Science Continuing Education Fund 3,498 3,498 92838 - Kitty DeOree University Enhancement Fund 133,702 89,650 44,109 92842 - Kitty DeGree ULM Police Department Enhancement Fund 5,762 3,762 2,000 92843 - Department of Diata! Hygiene Fund 3,606 1,110 1 200 117 4,800 92844 - Division of Enrollment Management 10 10 92845 - Enviromnent & Earth Sciences Program Fund 1,006 80 926 92846 - Educational Leadership Program Fund 96 OA 92848 - English Program Fund 2,921 916 2,005 92849 - Entrepreneurship Study Center Fund 293 - 293 92851 - English Program Textbook Fund 38,529 3,312 132 1,363 40,610 92855 - Excellence in Industrial Management Fund 48 AH 92858 - Envision ULM Fund 16 16 92860 - School of Education Field ExpCTiences Fund 412 - 412 1 92862 - Exercise is Medicine Foundation Fund 1 i 92863 - Executive Vice President Fund 3,197 1,284 1,913 92871 - Department of Economics Excetience Fund 4,715 456 4,259 92872 - Depaitmrait of Finance Excellence Fund 6,095 . 6,095 92874 - Facilities and Maintenance Departmoit Fund 453 . 453 92876 - WISE - Workforce Innovation for a Stronger Economy 71.527 - 71,527 92877-LED-IBM Project (27,300) 5,875 (33,175) Faculty & Academic Enhancement Fund 241 4,000 947 3,293 Dcparment of Food Sendee Fund 13 - 13 92890 - World L^guages Program Fund 771 . 771 92905 - Friends of the Family Fund 334 20 2 352 92914 - School of Humanities 100 10 90 92915 - Graduate Studies and ReseM'ch Fund 1,767 2,052 92919 - MSN Geriatric Nursing Fund 2,750 - 2,750 92920 - School of Sciences Fund 5,915 1,000 100 6,815 92921 - Brian Gregory Memorial Library Fund 322 322 92926 - LSLA Excellence in Insurance Fund 1,427 1,427 92928 - College of Health Sciences 5,072 305 29 5,348 92929 - Coiiege of Health Science Building Fund 8,042 4,845 1,298 11.589 92937-ULM HELPS 24 24 92959 - Herbarium - Wildfiower Rescue Fund 0 0 92961 - Herbarium Support Fund 333 333 92965 - History Frogran Fund 5,532 3,012 1,791 6,754 92967 - A. M- Chick Hobbs Memori^ 214 214 92995 - Department of Human Resources Fund 786 50 736 93000 - Indian Aquatic Club 99 yyOQ 93001 - ULM Scouts 4,617 . 4,617 93002 - ULM Performing Arts Center 799 799 93004 - The Autism Center at University of Louisiwia at Monroe 900 8,000 (30) 911 7,960 93005 - Institutional Effectiveness Fund 314 - 314 93007 - LEH Rebirth Grant - Louisiana Blues Trail 2,054 386 1,667 93008 - Interfratemity Council (IFC) Fund 9,939 7,321 3,423 13,837 93009 - Depanmott of Internal Auditing in 35 76 93010 • Institute of Gerontology Fund 45 - 45 93012 - Intersection of Science and Religion 263 - 263 93013 - Intanship Support Fund 4,448 25,550 3 4,251 18,861 15,391 93020 - University Planning and Analysis Fund 955 - 955 42 The University of Louisiana at Monroe Foundation Analysis of Temporary Restricted Funds - Departments- Fair Market Value Basis For the Year Ending June 30, 2017 Schedule 5 Beginning Adjustments Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarship Expenses Balance 93025 - intcniational Student Recruitment Fund 1,762 - - 500 246 1,016 93027 - ULM's Investiture 11,619 . . 11,619 93030 - Communications Program Fund 893 30 863 93035 - Melvin Rambin Memoritd 3,415 2,000 200 5,215 93040 - KXUL Radio Development Fund 4,633 10 58 4,585 93041 - KEDM Capita! Projects Fund 15,037 10,100 . 3,525 21,613 93044 - Lambda PI Eta., Theta Theta Chapter Fund 10 . - . 10 93045 - Developing Rigorous Experiential Academic Models (DREAM) Fnd 2,542 - - - . 2,542 93046 - ULM Landscaping Fund 5,059 - - - . 5,069 93047 - LAS Aiuiual Meeting Fund 895 - - 895 93050 - Criminal Justice Foundation Fund 304 . . 304 93080 - Library Gift Fund 825 - . 825 93085 - ULM Hawk Line (Dance) Team 8,045 . 7,695 975 - - 14,970 1,745 93100 - Louisiana Small Business Devciopment Center Fund 19,571 - 16,000 7,750 - - - 9,039 34,281 93109 - Patii B. McOahan Memorial Growth Fund 2,074 . - - . 1,477 597 93! 10 - Marketing Excellence Fund 13,216 - . 1,000 1,308 12,908 93112 - The Theresa Marsala Memoritd Nursing Fund 46,363 - - . - 46,363 93120 - Mathematics Program Fund 27.192 . 790 28,696 . 8,025 48,653 93126 - MBA Association Fund 886 . . - 886 93127 - MBA Program Fund 1,053 - - . 1,053 93128 - Mcrobiology Lab Support Fund 4,401 - 528 - - 235 4,695 93131 - Museum of Natural History - General Fund 5,912 - - 330 - - 2,414 3,828 93134 - Museum ofNaural History - Geosciences Fund 17,235 - - 4 . 17,239 93136 - Museum Fish Fund 3,211 . 1,000 1,488 2,723 93 i 37- iVUss ULM Pageant Fund 12,728 - 3,650 . 3,521 12,857 93138 - Primo Saius Oralis Society • Denttd Hygiene Fund 20,015 850 53 . 2,183 18,735 93139 - Mobile Health Screening Unit 6,250 - . 6,250 93141 - Mobile Dental Hygiene Unit 27,530 500 2,500 6,813 23,717 93142 - ULM Mock Trial Fund 46,980 - 1,900 660 4,999 44,541 93145 - National Pan-Hellenic Council (NPHC) Fund 6,043 2,619 . 6,878 1,784 93145 - National Panheilenic Conference (NPC) Fund 17,532 22,692 - . 14,124 26,099 93152 - ULM Association of Retired Faculty and Administration Fund 2,359 - - . 2,359 93154 - Pa-formance Enhancement Fund 4 - . 4 93155 - Music Scholarship Fund 1,609 . - . 1,609 93156 - Brass Faculty Support Fund 396 . 82 - - 8 470 93158 - Pharmacy and Cancer Research Center Fund 81,939 - . . 81,939 93159 • Pharmacy Care Lab 101,440 . 652 100,788 93160 - Northeast Louisiana Press Club Fund 3,102 . . 3,102 93164 - Radiologic Technology - Energized Lab Fund 4,631 - . - 4,631 93166 - College of Pharmacy Building Fund 23,347 - 24 . - 3 23,367 93167- Meeting/Communications Fund 2.726 . . 1,600 (2) - 2,321 2,003 93168 - Pharmacy Faculty Development Fund 38,086 . . 240 - 224 38,102 93176 - President's Academy Fund 2,013 - - 600 - 200 2,413 93179 - Diversity Research Fund 5,000 - - . 5,000 93180 - Business Affairs Foundation Account 143 49 - . 55 137 93182 - ULM Criminal Justice Alumni Association 209 209 93205 - Dqjanment of Political Science Fund 20 - 350 35 335 93208 - El Saycd Rtsearch Group Fund 77 2,500 . 2,566 11 93212 - UXM Speech snd Debate Club Fund 496 - . - 496 . 93215 - ULM Honors Program Fund 11,801 270 . 790 11,282 93219 - Office of Sponsored Programs & Research Fund 1,110 . . . 1,110 93220 - ULM Small Business Development Center Fund 310 . - . 310 93223 - Theatre Development Fund 62 . 5,115 (195) 10 12 4,980 93227 - SOAR "0" - ULM Technology Enhancement 11,495 - . 40 400 11,135 93230 - ULM Water Ski Team Fund 161 . - - . 161 93231 - Watson Brake Site Fund 280 - . 280 93250 - School of Nursing Fund 12,451 . - 421 - 7,985 17,575 3,282 93251 - School of Nursing Faculty Salary Fund 18.472 . . 30,000 44,131 4.341 93252 - School of Nursing Building Fund 50,911 - - - (30,000) 20,911 43 The University of Louisiana at Monroe Foundation Analysis of Temporary Restricted Funds - Departments- Fair Market Value Basis For the Year Ending June 30, 2017 Schedule 5 Beginning Adjustments Contributions Pledge Other Ending Balance Expenses Balance 93260 - Department of Occupalionai Therapy Fund 1,536 (1,536) - - - 93265 - Opera Fund 170 - 925 16,452 14,874 2,673 93282 - Pharmacy Medicaid Disease Management Fund 56 ------56 93287 - ULM Pharmaceutics Research and Travel Support Fund 79 - - - - 79 93290 - Pharmacy Agency Fund 109,490 - - 28,503 328 26,096 2,000 67,243 95,174 93291 - Dufilho Society - Pharmacy Fund 311,816 - 12,750 885 (100) 6,004 319,347 93311 - Department of Basic Pharmaccutica! Sciences 52 - - - 52 93312 - Poverty Point World Heritage initiative 28,184 - 1,730 - 3,426 26,488 93313 - Preparatory Academy of Music Fund 6 - - 6 933M - President's Lyceum Series 36,870 - - 1,000 - 3,405 34,465 93318 - Departmoit of Kinesiology Fund 2,698 - - 253 2,445 93325 - Professional Development Fund 412 - - 412 93327 - PREP Program Fund 2,653 - - - 2,653 93335 - Dqsartment of Psychology Fund 6,181 - 1,501 - - 308 7,374 93340 - Physics Program Fund 4,262 - - - 4,262 93350 - KEDM Fund 5,019 - 89,59! 110,080 - (361) 193,365 10,966 93353 - University Relations / Photography Fund 1,596 - - - - 1,596 93360 - Department of Testing Fund 213 - - - - 213 93375 - Toxicology Aquatic Laboratory Fund 27 - - 27 93376 - Toxicology Program Support Fund 2,263 - - - 2.263 93381 - School of Education Fund 221 - . - 221 93390 • Radiologic Technologic Program Fund 2,534 50 090 - 823 2,450 93402 - Department of Recreational Sia^-iees 41 - - - - 41 93403 - John and Marion Richlers Risk Mgmt. & ins. Mcntorship Fmid 404 . - - 404 93406 - RSVP - Good Neighbor Fund 2,697 - - 605 2.092 93410 - Alumni ROTC Fund 54 - - . 54 93420 - Music Progrwn Fund 548 45 - - 520 73 93463 - Si^a Tau Delta, Beta Zeta Chapter Fund 811 55 125 - 616 375 93464 - Senior Class Gift Fund 2,678 - - . 2.678 93466 - NAWiC Shrcveport ChaptCT Fund 978 - - - 978 93467 - ULM Social Work Progr^n Fund 4,605 50 - - 5 4,650 93468 - Student Affairs Division Fund 9,866 4,500 5 - 4,195 10,176 93469 - Sigma Delta Pi National Spanish Honor Society Fund 456 - - - 456 93470 - UXM Sociology Program Fund 1,102 - 25 - 1,127 93471 - Student Success Center 33,575 280 - - 448 33,407 93473 - Social Studies Fair - Region 111 2,762 - - - - 599 2,164 93474 - Social Science Research Laboratory Fund 3,304 - - 3,304 93476 - SOTNovartis Award Fund (Society of Toxicology) 652 - - - 652 93477 - Special Collections Fund 1,040 - 10,425 10,425 1,040 93479 - ULM Speech ^d Hearing Center Fund 1,510 1,033 - 103 2,439 93480 - ULM ChcKleadets Fund 24,274 12,470 5,310 23,140 18,914 93481 - The Charles F. Stamper Fund 9,681 . - (8,600) - 300 781 93482 - Student Counselor's Association Fund 51 - - - 5! 93483 - Student Government Association Fund 3,408 5,805 . - 5,669 3,544 93486 - Technology Challenge Educational Initiative Fund 4,249 1,000 - 3,794 1,456 93492 - Thermogenic imaging Fund 2,466 - - - - 2,466 93510 - Toxicology Professional Development Program Fund 1,733 1,100 - 110 2,723 93514 - Dr. Mehendale's Toxicology Research Fimd 33 - - - 33 93518 - Turtle Research Fund 214 . 135 79 93520 - University Advancement Fund 1,691 - - 159 1,532 93524 - University Park Fund 55 - - 55 93526 - University Library Committee Acquisition Fund 2,188 . (5,312) - (3,124) 93530 - Museum of Natural History - clooiogy Fund 701 - - - - 100 601 93550 - ULM Scott Plaza 94,493 3,000 822 - 83,404 14,911 93560 - Unmanned Aircraft Systems Fund 2,742 5,000 (25) - 250 7,467 93600 - School of Visual and Performing Arts Fund 163 - 600 117 - 300 580 93750 - Jim Shipp Memorial Pavilion 6,279 . - 6,279 93758 - Qarke M. Williams Student Success Center Fund 119,166 121 • - - 3 119,283 44 The University of Louisiana at Monroe Foundation Analysis of Temporary Restricted Funds - Departments- Fair Market Value Basis For the Year Ending June 30, 2017 Schedule 5 Beginning Adjustments Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarship Expenses Balance 93761 - Foundation for Alzheimer's Research/Kaddoumi 49,349 - - 2,394 46.955 Total S 3,464,498 S i5.4!3> S 190.169 S 1.623.373 S (6.633) S (21.938) S 8.765 S 1-139.491 S 4,095.799 45 The University of Louisiana at Monroe Foundation Analysis of Temporary Restricted Funds- Scholarships- Fair Market Value Basis For the Year Ending June 30, 2017 Schedule 6 Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarships Expenses Balance 95002 - Sound of Weather Scholarship 400 (74) S 6,000 S 350 5,976 95003 - Lalita & Janak Kam Fnd International Student Scholarship 4,000 4,000 4,000 4,000 95004 - Dr. David Invin Graduate Student Research Scholarship 400 400 95006 - ULM Kiwanis Club Annual Scholarship 1,862 15 1,877 95007 - The Michael A. Walsworth Annual Scholarship 5,000 (156) 4,844 95008 - Leonard Victor Battistone Memorial Scholarship 3,730 (i) 5,500 (421) 50 8,758 95009 - The Laura Tillman Endsley Criminal Justice Memorial Scholars 1,100 1,100 95011 - The JBK Scholarship 75,000 500 74,500 95013 - Como Charitable Foundation Annual Scholarship 25,000 25,000 95014 - The Community Foundation Armual Scholarship 25,000 5,000 30,000 95015 - Sigma Kappa Sorority Scholarship 12,454 164 13 12,604 95016 - Sunil and Rekha Kumar Annual Scholarship 660,000 (25,363) 634,637 95017 - The Louis Pierre Kappa Alpha Psi Annual Scholarship 1,000 1,000 95019 - Billy B. Abraugh Scholarship 3.500 5,000 3,000 5,500 95020 - ABWA - Cotton Country Chapter 50 SO 95021 - T. J. Williams Memorial Scholarship 4,960 292 700 46 4,507 95055 - ABWA - Ouachita Heritage Chapter 500 500 95171 - LTC Travis A French Memorial Award 11,992 85 2,000 10,077 95172 - Major General George Trousdale "Big I" Memorial Scholarship 4,666 31 4,696 95213 - AVID - Louisiana Annual Scholarship 100 iOO 95232 - Beta Delta Chap, of Lambda Tau Nat. Med. Tech, Honor Soc Sch 100 100 95266 - William R, "Billy" and Catherine Boles Memorial Fund 9,209 9,209 95288 - Jon. G. Camp Memorial Scholarship 3,601 (!) 3,600 95289 - Dr. Bob N. Cage Scholarship 1,440 1,440 95295 - Lt. Colonel Derwood Cann, Jr. ROTC Scholarship Fund 1,125 1,125 95306 - Joseph Samuel Carso Student Award 500 500 95320 - CenturyLink Scholarship 1,650 7,350 9,000 95349 - COHS Medical Laboratory Sciences Scholarship Fund 3,000 3,000 95376 - CVS Caremark Schoiai'ship 4,400 4,000 400 95421 - Dr. Billy Daniel Memorial Scholarship 650 650 95431 - Merrill David Pharmacy Student Scholarship Fund 1,465 1,400 65 95511 - De Nova Book Club Scholarship 400 400 400 95512 - Dental Hygiene Scholarship Fund 3.501 1,000 2,501 95513 - Farmers Grain Terminal Scholarship 5,900 3,000 4,000 300 4,600 95588 - Financial Services Scholarship Fund 6,000 6,750 (750) 95597 - R. D. Fair Memorial Fund 5,678 1,200 6,878 95615 - Franklin Parish Teacher Education Scholarship 500 500 95616 - Frey Family Spirit Scholarship (188) 95620 - Fidelis Gamma Chapter of Alpha Delta Kappa Scholarship 30 30 95670 - Grand Council Chapter Masonic Fnd of LA Scholarship-Nursing 700 750 500 950 95676 - ULM General Scholarship Fund 117,709 1,000 5,350 113,359 95687 - The Amanda Hernandez Spirit of OT Scholarship 151 151 95689 - Dr. Robert Haacker Memorial Award/Scholarship in Gerontology 411 411 95694 - Fanny Halbert Foundation Scholarship 405 405 95700 - Insurance Professionals of Northeast Louisiana 660 600 60 95709 - JDE SOCM Senior Scholarship 1,500 1,500 46 The University of Louisiana at Monroe Foundation Analysis of Temporary Restricted Funds- Scholarships- Fair Market Value Basis For the Year Ending June 30, 2017 Schedule 6 Beginning Adjustments to Contributions Pledge Other Ending Balance Fund Balance Revenues Received Activity Transfers Scholarships Expenses Balance 95714 - Dr. Alex John Jr. Scholarehip 1,915 (1,915) ------95715 - Dr. H. P. Jones History Scholarship Fund 1,651 - - - - - 1,651 - - 95755 - David Lambard Scholarship 25 ------25 95756 - La Ruta de Itzimna' Scholarship for Spanish 496 ------496 95759 - Dr. Wallace Greg Leader Memorial Scholarship 1,885 - - - - - 1,800 - 85 95765 - Harry Lemert High Twelve Award 2,875 ------2,875 95813 - LA Federation of Music Clubs - Monroe District 1,500 - - - - - 1,500 - - 95815 - Louisiana Wholesale Drug Co., Inc. Pharmacy Scholarship . - - 80,000 - - 80,000 - - 95847 - Martin Foundation Scholarship - - - 40,000 - - 44,000 - (4,000) 95872 - Monroe Symphony League String Scholarship 2,300 - - - - - 1,750 - 550 95876 - Ernest and Jane Moran Music Education Scholarship 5,260 - - 1,485 - - 4,700 14 2,031 95890 - Morehouse Parish Medical Society Auxiliary Scholarship 959 - - - - 1,450 - (491) 95910 - Mac McClung Choral Award 600 - - - - - 600 - 96001 - Osteopathic Medical School Program - - 8,068 100,000 - - - 108,068 - 96062 - Northeast LA Society for Human Resource Management Schol. 2,000 - - 1,000 - - 2,000 - 1,000 96100 - James A. Noe Memorial Scholarehip 1,300 - - - - - 1,000 - 300 96101 - James A. Noe Recruiting Scholarship 550 ------550 96105 - The Lauren Savoy OHnde Award Fund (10) ------(10) 96137 - College of Pharmacy Scholarship Fund 9,702 ------9,702 96145 - Stephanie Pepper Memorial Scholarship in Gerontology 400 - - - - - 400 - - 96147 - Mary Nell Sens Memorial Fund 175 ------175 96164 - Reinhaus Foundation Scholarship 500 - - - - - 500 - - 96220 - Richland State Bank - Fred Morgan Memorial Scholarship 700 - - - - - 700 - - 96250 - St. Francis Medical Center Auxiliary Nursing Scholarship 1,450 - - 1,500 - - 1,500 - 1,450 96265 - The Scott Scholar Scholarship 2,250 - - 15,750 - - 17,500 - 500 96282 - Sigma Delta Pi Scholarship 1,060 - - - - - 750 - 310 96290 - ULM Special Education Scholarship Fund 2,441 ------2,441 96299 - Summer School Scholarship Fund 16,282 - - 33,360 - - 47,142 - 2,500 96325 - Edric Thomas Award of Courage 5,200 - - - - (4,200) 1,000 - - 96328 - President's Top Hawk's Fund 363,000 (363,000) ------96340 - Tri-District Boys Club Scholarship Fund 300 - - - - - 300 - - 96365 - Walgreen's Diversitj' Scholarship Fund 10,100 - - - - - 10,000 - 100 96408 - Dewey Fredrick Weaver, Sr. Scholarship 1,000 - - 5,000 - - 1,000 - 5,000 96430 - Lettie P. Whitehead Scholarship 129,703 - - 150,000 (188) (124,000) - 155,515 96431 - Lettie Pate Whitehead Scholarship in Pharmacy (4,250) - - - - 39,500 35,250 - 96432 - Lettie Pate Whiteh^td Scholarship in Health Sciences 500 - - - - 84,500 85,000 - - 96450 - Harold and Sharon Williamson Scholarship Fund 518 . ------518 Total S 761.803 S (343.771) S 8.523 5; 1,248,895 S (26,202) S 6,930 S 396.028 S 108,990 S 1.151.158 47 UNIVERSITY OF LOUISIANA AT MONROE FOUNDATION UNIVERSITY OF LOUISIANA AT MONROE Agreed-Upon Procedures - Affiiiation Agreement For the Year Ended June 30,2017 Francis I. Huffman, CPA HUFFMAN & SOIGNIER David Ray Soignier, CPA. MBA, CGMA (A PROFESSIONAI ACCOUNTING CORPORATION) John Herman. CPA Lynn Andries, CPA, CGMA CERTIFIED PUBLIC ACCOUNTANTS Esther Atteberry, CPA Lori Woodard, MBA, CPA, CGMA, CiTP Katie Jacola, CPA Lesley Engolia, CPA INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES RELATIVE TO AFFILIATION AGREEMENT University of Louisiana at Monroe Foundation University of Louisiana at Monroe 700 University Ave. 700 University Ave. Monroe, Louisiana Monroe, Louisiana We have performed the procedures enumerated below, which were agreed to by the University of Louisiana at Monroe Foundation (the Foundation) and. the University of Louisiana at Monroe (the University), and the University of Louisiana System, collectively the Specified Parties, solely to assist you in evaluating compliance with the University of Louisiana System Policy on University Foundations and Other Affiliate Organizations (the Policy) for the year ended June 30, 2017. The Foundation is the Responsible Party for ensuring compliance with the Policy. This engagement to apply agreed-upon procedures was perfonned in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the Specified Parties identified above. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. Our procedures and findings are as follows: Procedure No. 1 Verify the Foundation did not make loans to or allocate any net earnings or assets to the benefit of its directors, officers or other private persons and that any payments made to these persons were for reasonable compensation for services rendered or reimbursement for reasonable travel expenses. No exceptions noted as a result of the above procedure. Procedure No. 2 Verify that the Foundation made no political contributions nor reimbursed any employee for politically-related expenses that would violate IRS guidelines for 501(c) (3) organizations. No exceptions noted, as a result of the above procedure. 1100 North 18th Street. Suite 200 Monroe, Louisiana 71201 Tel: (318)387-2672 • Fax: (318)322-8866 • Website: www.afuilservicecpafirm.com MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS University of Louisiana at Monroe Foundation Agreed-Upon Procedures ~ Affiliation Agreement Page 2 of 3 Procedure No. 3 Verify the Foundation preserved, in accordance with donor intent, the principal of any endowments, and. disbursements from the expendable portion of those funds were made in compliance with donor intent and to eligible participants for eligible purposes. No exceptions noted as a result of the above procedure. Procedure No. 4 Verify donations are properly recorded in the accounting records in accordance with donor intent. No exceptions noted as a result of the above procedure. Procedure No. 5 Verify the Foundation did not deposit or hold public funds at any time during the year ended June 30, 2017 except for 1) Endowed Chair, Endowed Professorship and Endowed Scholarship Program funds held in accordance with a Funds Management Agreement or 2) project funds held in accordance with a cooperative endeavor agreement. No exceptions noted as a result of the above procedure. Procedure No. 6 Verify all contracts between the Foundation and any member of its Board of Trustees, any member of the UL System Board of Supeivisors, any UL System Employee or any University employee have been individually disclosed in the notes to the financial statements, regardless of the significance of the contract payments to total Foundation expenses. The applicable Related Parties note includes the names of the parties to the contract, the services provided, the amount paid as of the date of the financial statements, and the maximum amount of the contract. No exceptions noted as a result of the above procedure. Procedure No. 7 Verify that the funds for supplemental compensation and/or benefits for a UL System or University employee were paid to the System Office or University for disbursement to the employee; no supplemental payments were made directly to an employee unless specifically approved by the Board Office or University. No exceptions noted as a result of the above procedure. University of Louisiana at Monroe Foundation Agreed-Upon Procedures - Affiliation Agreement Page 3 of 3 Procedure No. 8 Verify that on a quarterly basis the Foundation reported to the University all single payments of $1,000 or more made to or on behalf of any individual university employee. No exceptions noted as a result of the above procedure. Procedure No. 9 Verify a sample of disbursements less than $1,000 made to or on behalf of University employees has been reviewed for compliance with the policies contained in the Affiliation Agreement, Affiliate Funding and Administration Section 4. No exceptions noted as a result of the above procedure. Procedure No. 10 The Foundation has no transactions related to the University's athletic programs and therefore the Foundation's Financial Statements do not include a supplementary schedule for athletic program transactions for the year ended June 30, 2017. We were not engaged to, and did not perform, an examination, the objective of which would be the expression of an opinion on. the specified elements. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the use of the University of Louisiana at Monroe Foundation, the University of Louisiana at Monroe and the University of Louisiana System and is not intended to be and should not be used by anyone other than these specified parties. (A Professional Accounting Corporation) December 4, 2017 UNIVERSITY OF LOUISIANA AT MONROE FOUNDATION UNIVERSITY OF LOUISIANA AT MONROE Agreed-Upon Procedures Relative to the Louisiana Board of Regents Endowed Agency Funds For the Year Ended June 30,2017 Francis I. Huffman, CPA HUFFMAN & SOIGNIER David Ray Soignier, CPA, MBA, CGMA (A PROFESSIONAL ACCOUNTING CORPORATION) John Herman, CPA Lynn Andries, CPA, CGMA CERTIFIED PUBEIC ACCOUNTANTS Esther Attebeiry, CPA Lori Woodard, MBA, CPA, CGMA, CITP Katie Jacola, CPA Lesley Engolia, CPA INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES RELATIVE TO THE LOUISIANA BOARD OF REGENTS ENDOWED AGENCY FUNDS University of Louisiana at Monroe Foundation University of Louisiana at Monroe 700 University Ave. 700 University Ave. Monroe, Louisiana Monroe, Louisiana We have performed the procedures enumerated below, which were agreed to by the Legislative Auditor of Louisiana, the University of Louisiana at Monroe Foundation (the Foundation) and the University of Louisiana at Monroe (the University), and the Board of Regents, collectively the Specified Parties, solely to assist you in evaluating compliance with the Louisiana Board of Regents Endowed Chair, Endowed Professorship, and Endowed Scholarship Programs Statement of Investment Policy and Objectives (the Statement) for the year ended June 30, 2017. The Foundation is the Responsible Party for ensuring that program assets are managed in accordance with the Statement's requirements. This engagement to apply agreed-upon procedures was performed in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the Specified Parties identified above. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. Our procedures and findings are as follows: Procedure No. 1 Verify the Foundation's endowments for the Endowed Chair, Endowed Professorship and Endowed. Scholarship Programs have been managed in compliance with provisions set forth in the Board of Regents Statement of Investment Policy and Objectives. We verified areas of the Foundation's management of compliance with the provisions set forth in the Board of Regents Statement of Investment Policy and Objectives and the Foundation complied with all the areas verified. There was no excess spending identified that was not offset by carryforward amounts. 1100 North 18th Street, Suite 200 Monroe, Louisiana 71201 Tel: (318)387-2672 • Fax: (318)322-8866 • Website: www.afullservicecpafirm.com MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS University of Louisiana at Monroe Foundation University of Louisiana at Monroe Agreed-Upon Procedures Relative to the Louisiana Board of Regents Endowed Agency Funds Page 2 of 3 Procedure No. 2 Verify that the annual financial reports for the Endowed Chair, Endowed Professorship, and the Endowed Scholarship Programs submitted to the Board of Regents were mathematically accurate and agreed to the accounting records of the Foundation. A listing of all the chairs, professorships and scholarships is attached. (See Exhibit A) No exceptions noted as a result of the above procedure. Procedure No. 3 Verify in a sample selection for testing, the proceeds of the endowed chairs were used in accordance with the provisions as set forth in the Board of Regents Endowed Chairs for Eminent Scholars Program Policy, the proceeds of the endowed professorships were used in accordance with the provisions set forth in the Board of Regents Endowed Professorship Program Policy and the proceeds of the endowed scholarships were used in accordance with the provisions set forth in the Board of Regents Endowed Scholarship Program Policy. No exceptions noted as a result of the above procedure. Procedure No. 4 V erify the Foundation is operating under and has complied with the provisions of the Funds Management Agreement with the University. No exceptions noted as a result of the above procedure. Procedure No. 5 Verify investment earnings generated from pooled assets involving endowed chair, professorship or scholarship money have been properly allocated to the chairs, professorships and scholarships in accordance. with the Louisiana Board of Regents Statement of Investment Policy and Objectives. No exceptions noted as a result of the above procedure. University of Louisiana at Monroe Foundation University of Louisiana at Monroe Agreed-Upon Procedures Relative to the Louisiana Board of Regents Endowed Agency Funds Page 3 of 3 Procedure No. 6 Verify by confirmation with the University the value of state funds held by the Foundation as reported in its audited financial statements is equal to the amount recorded in the University's books. The amount of state funds confirmed by the University ($27,645,612.74) did not equal the amount recorded on the Foundation's audited financial statements ($27,644,824.58) by $788.16. Additional Items The book and fair value at June 30, 2017 of the University of Louisiana at Monroe investments held by the Foundation was $27,644,825. The Foundation's book balances have been audited as of and for the year ended June 30, 2017. The audited book balance and fair value at June 30, 2016 of the University of Louisiana at Monroe investments held by the Foundation was $25,832,899. Based on an internal listing provided by the Foundation, and verified by confirming 100% of the Foundation's investments, the following is a description of the types of investments allocated to the University of Louisiana at Monroe funds held by the Foundation: cash and cash equivalents; domestic and international equity securities; and balanced, fixed income, domestic and international equity mutual funds. Sources used to determine fair value of investments include monthly investment statements prepared by the external securities custodian and trustee and by comparison to quoted market prices of publicly traded securities. We were not engaged to, and did not perform an examination, the objective of which would be the expression of an opinion on the specified elements. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the use of the Legislative Auditor of the state of Louisiana, the University of Louisiana at Monroe Foundation, the University of Louisiana at Monroe and the Board of Regents and is not intended to be and should not be used by anyone other than these specified parties. (A Professional Accounting Corporation) December 4, 2017 University of Louisiana at Monroe Foundation Exhibit A University of Louisiana at Monroe Page 1 of 2 Agreed-Upon Procedures Relative to the Louisiana Board of Regents June 30,2017 Joseph A. Biedenham Chair in Gerontology Emy-Lou Biedenham Endowed Chair in Music Mary E. & Darrell L. Calhoun Chair in Pharmacology Contractors Educational Trust Fund Endowed Chair of Construction Kitty DcGree Eminent Scholars Chair in Nursing Tom and Mayme Scott Endowed Chair in Clinical Pharmacy Practice Hanna Spyker Eminent Scholars Chair in Education Entergy Endowed Professorship in Computer Information Systems Abell Endowed Professorship in Entrepreneurship Francis Davis Hammond Professorship in Education Entergy Professorship in Instructional Technology in. Teacher Education George T. Walker Professorship in Entrepreneurship Mary Ellen Walker Professorship in Early Childhood Education Chase Professorship in Teacher Education Tommy and Mary Barham Endowed Professorship in English Beach Endowed Professorship in the School of Constmction Bell South Endowed Professorship in Science Education Emy-Lou Biedenham Endowed Professorship in Music Endowed Professorship in Electrical / Mechanical in School of Construction A. Dale Magoun Professorship in Mathematics Kitty DeGree Professorship in Computer Information Systems Kitty DeGree Endowed Professorship for the Speech and Hearing Clinic Kitty DeGree Professorship in Computer Science Kitty DeGree Professorship in Biology Endowed Professorship in English Dr. Henry Hu Endowed Professorship in Entrepreneurship Glenwood Regional Medical Center Professorship in Nursing (B) Bruce and Lizabeth Boulware Professorship in Management Glenwood Regional Medical Center Professorship in Nursing Capital One Professorship in Mathematics Governor James A. Noe and Linda Noe Laine Professorship in Agriculture Sister Liguori Lawton Professorship in Nursing Willis-Knighton Health Systems Professorship in Nursing (Helen Mena) Willis-Knighton Health Systems Professorship in Pharmacy Hood / DeFatta Professorship in. Accounting Louisiana Real Estate Commission Endowed Professorship in Finance George L. "Chip" Luffey Professorship in Kinesiology Lillian L. and Fred A. Marx Professorship in Biology Vemon W. "Bodie" McCrory Professorship in Mass Communication L. M. McKneely Professorship in English Literature University of Louisiana at Monroe Foundation Exhibit A University of Louisiana at Monroe Page 2 of 2 Agreed-Upon Procedures Relative to the Louisiana Board of Regents June 30, 2017 L. M. McKneely Professorship in Humanities Michelle McEacham Endowed Professorship in Accounting John L. Luffey, Sr. Professorship in Accounting Dr. William R. Hammond Professorship in Liberal Arts Northeast Chapter Association of General Contractors Endowed Professorship in Construction Management (A&B) Endowed Professorship in Gerontology Kitty DeGree Endowed Professorship in Education ULM Endowed Professorship in Nursing Endowed Professorship in Education Administration Endowed Professorship in Geology Endowed Professorship in Entrepreneurship Freddie & Reba Nolan Endowed Professorship in Business Analytics JoAnn & Miles Sager, Jr. Endowed Professorship in Computer Infoimiation Systems State Farm Professorship in Insurance Sister Jerome Crowley Professorship in Nursing Endowed Professorship in Communicative Disorders Pfizer, Inc. - B. J. Robison Professorship in Phannacy Pfizer, Inc. - B. J. and Mary Jo Robison Professorship in Gerontology Thurman Potts Professorship in Construction Mayme and Tom Scott Professorship in Agriculture Mayme and Tom Scott Professorship in Teaching Excellence Lucy Shackelford Professorship in Kinesiology John & Rosemary Luffey Professional-in-Residence Endowed Professorship ULM Alumni Endowed Professorship in Accounting BAPES Excellence in Accounting Endowed Professorship Sister Anne Marie Twohig Professorship in Nursing Gaye Eason Dean Endowed Professorship in Nursing Tessa Albritton Endowed Professorship in Pharmacy Upshaw Family Professorship in Education Waste Management Professorship in Toxicology