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2020 Annual Report Announcing the completion of a transformational, and record-breaking campaign to benefit the University of Maine Contents $208,586,510 Message from the Foundation Board Chair and Foundation President ......................................................3 104% of goal Message from the University of Maine President .......................................................................................5 Vision for Tomorrow Campaign ................................................................................................................6 Ways of Giving .....................................................................................................................................12 Completing the Annual Fund .........................................................................................................................................14 Planned Giving ......................................................................................................................................15 2020 Vision for Tomorrow New Endowed Funds established in FY20 .............................................................................................. 17 comprehensive campaign Giving Societies .....................................................................................................................................22 Giving Society Members FY20 ..............................................................................................................23 and looking to the future. Corporate and Foundation Donors FY20 ...............................................................................................35 Spending Policy .....................................................................................................................................37 Statement of Financial Position ..............................................................................................................38 Statement of Activities ..........................................................................................................................39 Endowment Funds FY20 .......................................................................................................................41 Foundation Officers and Board of Directors .......................................................................................... 64 June 30, 2020 marked a significant milestone for Philanthropy Staff .................................................................................................................................65 University of Maine fundraising efforts. The Vision for Tomorrow comprehensive campaign was completed over goal and ahead of schedule with over $208 million raised. 2020 ANNUAL REPORT 1 University of Maine A message from the Board Chair Foundation Jeffery N. Mills ‘82, Ph.D. and Foundation President President and CEO Buchanan Alumni House Raising aspirations and creating opportunities. The University of Maine Foundation Two Alumni Place is grateful to you for your part in inspiring UMaine students over the past year. Orono, ME 04469-5792 207.581.5100 | 800.982.8503 Although 2020 has unfolded in ways none of us anticipated, we have been looking forward to June 30, 2020 [email protected] for some time now. The date marks the completion of the University of Maine’s Vision for Tomorrow umainefoundation.org comprehensive campaign. With over $208 million in funds raised, we are happy to report that the $200 million goal was exceeded. This investment in UMaine comes at a time when it is needed most. Transforming and adapting for a future which is still unfolding is a task which requires resources. The full impact of this campaign will be revealed for years to come. Every single one of the 104,763 gifts is threaded back to raising aspirations and creating opportunities for UMaine students. One way is through the students who are able to continue their studies as a result of new scholarships. Another is through students who take their UMaine education along with the lessons in fortitude acquired during this pandemic to make the world a better place. The list goes on. In 2022, the Ferland Engineering Education and Design Center will open its doors to welcome students with active learning classrooms and laboratories to prepare them for cutting-edge careers in engineer- ing. More world-class works of art will be accessible from the new galleries at the Zillman Art Museum. The next Maine-rooted astronaut may be inspired by a show at the Versant Power Astronomy Center. The sky is the limit! Though the challenges of 2020 have been unprecedented, fundraising has remained strong, thanks to so many donors. Some highlights include: A $1.3 million naming gift from education leaders and arts supporters, Donald and Linda Zillman, will expand and enhance the University of Maine Museum of Art, now known as the Zillman Museum of Art (ZAM) The groundbreaking for the Ferland Engineering Education and Design Center was held on schedule in April Record number of giving society members Endowments supporting UMaine now exceed $314,398,353, the highest value ever Our fundraising partners The Student Crisis Fund was launched and has raised over $220,000 to help students with emergency funds University of Maine Maine 4-H Foundation University of Maine Pulp More details of the results of the Vision for Tomorrow campaign are on pages 6-11. Alumni Association and Paper Foundation We cannot thank you enough for your role in the success of this record-breaking campaign. Susan Jennings ‘82 John N. Diamond ‘77, ‘89G Executive Director Carrie Hurd Enos ‘99 We are now in FY21 and the Foundation staff continues to function fully, utilizing some newly adopted President and York Complex #1 President technologies to keep us in touch with all of you. As the world recovers, we will be working hard to support Executive Director Orono, ME 04469 5737 Jenness Hall UMaine’s efforts to define new opportunities in higher education. Buchanan Alumni House 207.581.3739 Orono, ME 04469-5737 One Alumni Place 800.287.0274 (in Maine) 207.581.2298 Stay well, Orono, ME 04469-5792 [email protected] [email protected] 207.581.1131 | 800.934.2586 umaine.edu/4hfoundation mainepulpaper.org [email protected] umainealumni.com Maria R. Fuentes ‘85G Jeffery N. Mills ‘82, Ph.D. 2 UNIVERSITY OF MAINE FOUNDATION Chair of the Board President/CEO 2020 ANNUAL REPORT 3 A message from the President of the University of Maine and University of Maine at Machias We are proud and excited to be announcing the very successful completion of our Vision for Tomorrow comprehensive campaign in this annual report. I wish to extend my sincere gratitude to everyone who participated. From the single largest capital gift in UMaine’s history to the contributions of 35,499 additional donors who shared our vision, this fundraising effort has been unprecedented, securing more than $208 million in new investment in our flagship campus, exceeding the $200 million goal. The campaign’s 2020 vision opened opportunities for new scholarships, much- needed state-of-the-art facilities, and bold initiatives in the arts, humanities, STEM and more. Together, we focused on the four campaign pillars — Fostering Student Success, Ensuring Access for All of Maine, Catalyzing Maine’s Economy and Accelerating Discovery to Impact — that are more important today in the midst of a pandemic than ever before. Through higher education, today’s students are engaged and prepared. We are living in extraordinary times and the challenges have enabled us to innovate, partner, focus on learning outcomes and look to science for answers like never before. As Maine’s research university, we have a leadership role in ensuring the future of this state and contributing to the greater good. The Harold Alfond Foundation recently announced a transformational $240 million grant to the University of Maine System. I want to thank previous UMaine presidents who were instrumental in designing this proposal and moving it forward. This opportunity, and the recently completed Vision for Tomorrow comprehensive campaign, have put the University of Maine in a strong position to continue to lead, respond and advance new knowledge. I look forward to continuing our work together as we define tomorrow. Joan Ferrini-Mundy President University of Maine University of Maine at Machias 4 UNIVERSITY OF MAINE FOUNDATION 2020 ANNUAL REPORT 5 The public phase of the campaign was announced in October 2017 UMaine’s Vision for Tomorrow with $121 million raised. The comprehensive campaign had four major priority areas—Fostering Student Success, Ensuring Access for All of Maine, Catalyzing Maine’s Economy, and Accelerating comprehensive campaign Discovery to Impact. Each area received significant investments. exceeds $200 million goal Fostering Student Success Student success is at the heart of the University of Maine. As a student-centered university, UMaine offers ALMOST The University of Maine Vision for Tomorrow comprehensive scholarships, the state’s most comprehensive academic offerings, unparalleled student research opportunities, OF THE campaign exceeded its $200 million goal by more than and internships and other community engagement FUNDS $8 million—a record-setting fundraising effort for the University. initiatives. As part of the UMaine experience, students 60% RAISED are involved in real-world enterprises that inform their academic work and provide growth opportunities. It’s in ARE FOR STUDENT these engagement
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