years

Milton Eisenhower Evan Griffith W.E. Grimes Arthur Peine

On March 1, 1944, Milton Eisenhower, Evan Griffith, W.E. Grimes and Arthur Peine filed articles of incorporation with the Secretary of State to establish the Kansas State College Endowment Association. The articles reflect the total amount of capital held by the association as “none.” Although there are no records to verify it, one of those men undoubtedly paid the $2.50 filing fee out of his pocket.

The articles of incorporation specified that the trustees “shall be twenty- six in number,” and they “shall receive no compensation for services rendered.” Today, trustees of the KSU Foundation, whose numbers have swelled considerably, continue to serve voluntarily.

From the beginning, the people who organized the official fundraising arm of the college set lofty goals. Sometimes their success was according to plan, sometimes it was serendipitous. What is clear is that the pattern of giving and service that took root 60 years ago continues to flourish at .

Come with us as we look at a few of the milestones, then and now.

Annual Report 2004 Kansas State University Foundation years In 1944, President Milton Eisenhower expressed the need for a campus chapel and asked the newly formed Kansas State College Endowment Association to lead fundraising efforts on the project. A scale model of the chapel addition was constructed by (left to right) R.P. Fasolino, R.A. Medeot, R.L. Funk, H.L. Berger, R.D. Samuel, G.L. Scholz, F.G. Ernst, and Theodore A. Chadwick, professor of architecture.

April 15, 1944 The first list of donors began with the 1953 entry, “A private in the Army — Bylaws, officers and trustee nominees $1,000.” In 1953, Arthur F. Peine became the were the main items of business at the first official (although still unpaid) first meeting of the Kansas State College Oct. 24, 1947 association staff member when he was Endowment Association. Evan Griffith named director of endowment develop- was unanimously elected president. A Just three years after college president ment and the development fund was presentation by college president Milton Milton Eisenhower had called for the established. A prominent businessman Eisenhower outlined some of the build- building of a chapel, ground was broken and former faculty member in the his- ing needs of the college, which included for the facility by another Eisenhower tory department, Peine was one of the residential halls for men and women; a who would soon become president of original trustees of the endowment asso- chapel and furnishings for the student the United States. ciation and he had been heavily involved union building. The idea of the chapel originated since its establishment. with St. Louis miller William Danforth, Feb. 17, 1945 founder of Ralston-Purina, who con- tributed to the building of chapels From the first annual report of the throughout the country with the stipula- executive committee tion that they carry his name. Building Gifts to the Endowment Association and furnishing Danforth Meditation seem to be gathering momentum. Chapel became a grass-roots effort. It During the accounting year, approxi- was designed by Theodore A. Chadwick, mately $15,000 was received in cash. a Kansas State professor of architecture, Cash receipts in the first six weeks of the and built by employees of the physical present year have been nearly as large as plant. Donations included everything during the entire first year of the from mortar to floor coverings to stained Association. glass windows. More than 500 people It is significant that gifts have been attended the dedication ceremony on received from hundreds of persons. Oct. 7, 1949. In 1953, the 26 trustees Those interested persons of Kansas State of the endowment association unani- College are in many occupations and mously approved the plans for the All positions in life and are scattered in Faiths Chapel adjacent to the Danforth In September 2002, Virginia, Caroline many parts of the world. Among these Chapel. and Perry Peine honored their family gifts are those from service men on the with this new campus entrance at 17th Street and Anderson Avenue: fighting fronts in the present war. The Peine Gate.

2 Kansas State University Foundation Annual Report 2004 years Putnam Scholarship program leaves indelible mark on K-State A deep desire to honor the made in the fall of 1955, memory of her late husband and a banquet was held for led Dr. Laurel Irene the scholars with Dr. Putnam, who lived on a Putnam as guest of honor. farm between El Dorado Dr. Putnam soon moved to and Winfield, to make the Manhattan, and enjoyed a largest gift to Kansas State close association with the College that had been college and the scholars. An received to that time. The article in the October 1956 series of events began quietly issue of the K-Stater with a politely worded post- describes Dr. Putnam as card inquiring whether “keenly interested in the Kansas State’s president was welfare and progress of these From the October 1956 K-Stater willing to talk seriously with scholars. She feels that the That’s Dr. Irene Putnam with four of the students who have scholarship grants from her this year. From left: Joanne Taylor, somebody who was inter- fund she has established is Topeka; Virginia Taylor, Salina; Donnice Adamek, Holyrood; ested in doing something for an investment in the youth Howard L. Teaford, Manhattan — he had a Putnam scholarship the college. The meeting of Kansas. last year, too. between Dr. Putnam and “Dr. Putnam obtained President McCain a few her own education piece- office and a bank, she saved 1917, and started practice in days later resulted in an out- meal. She went to high enough money to finance a California. Marriage to right gift of $100,000, as school in Beloit, then had a year at Kemper Hall, a Henry J. Putnam (of the well as 30 farms worth year in business college in Wisconsin girls’ boarding Putnam Investment approximately $300,000. Salina, since money wasn’t school. She earned her Company of New Hamp- The first 20 Henry J. at hand for college work. By M.D. degree from Rush shire) in 1930 ended active Putnam Scholar awards were working in a Beloit law Medical School, Chicago, in medical practice.” Scholars continue to benefit from Putnam legacy The Putnam scholarship was estab- Scholarship House in memory of her lished to provide an opportunity to brother, Maitland Smith. Over the attend college for exceptionally capable years, her generosity has provided and deserving students and help scholarships and housing for literally develop in them a high sense of thousands of K-State students, with personal responsibility and shared more than 100 scholarships being obligation in the achievement of one’s awarded each school year. In 1961, capacities. Dr. Putnam made a second K-State honored the generous gift in 1958 to help establish the Smith benefactor with the naming of Putnam Hall, a student dormitory. Asma Hassan Al-Rawi, Manhattan, junior in physics, and Kelsey Dorshorst, Oberlin, Kan., “If you help a youth make the step freshman in pre-psychology, are two of this year’s Putnam scholars at K-State. Al-Rawi from high school to college so he can has followed an academic path similar to her two older siblings, Ali Mohammad (2003, complete his school while he is young, mathematics, physics, computer science and computer engineering) and Duaa Hassan Mohammad (2002 chemistry and biochemistry), who also earned Putnam scholarships you have provided a benefit that goes while they were at KSU. Al-Rawi is a Telefund volunteer and president of the Physics on through the years,” Dr. Putnam Club. Dorshorst is also a recipient of the Dane G. Hansen Foundation Scholarship and said. Col. Delbert Townsend Scholarship, and she plays piccolo in the KSU Marching Band and tutors preschoolers in her spare time.

Annual Report 2004 Kansas State University Foundation 3 years toward “distinguished professorships” or endowed chairs in the various schools and departments.

1959

From the minutes of the 1959 annual meeting of the endowment association The first men’s scholarship house (now designated as the Maitland E. Smith* Memorial Scholarship House) was opened by the Endowment Association in 1958 for 45 boys selected by the From the October 1958 K-Stater General Scholarship Committee on the An anonymous donor gave the $37,500 which was needed for purchase of K-State’s basis of financial need, outstanding first Scholarship House for men. “The girls ought to have one, too,” emphatically academic work and ability to cooperate declared an alumna, who then wrote a check for $1,000 to get the ball rolling. in group-living situations. A contract has been completed with 1956 Legislature enacted a law making avail- Kappa Sigma Fraternity to purchase able for dormitories the proceeds from a their present house located on North Just 12 years after its establishment, the quarter of a mill ad valorem tax. As a Manhattan Avenue directly east of the endowment association was ready for its result, the College is now engaged in the campus. The Endowment Association is first full-time, paid staff member. architectural planning of two dormito- to gain possession in May of 1960, with Kenneth Heywood was named director ries accommodating 600 men each. the house to be opened in September of of endowment and development. Later Simultaneously, the Governor and the 1960 as the Oscar Straube Memorial that year, Heywood reported to the Legislature have shown a willingness to Scholarship house. Preference for this trustees that gifts to the development continue support for the construction house is to be given to students in Feed fund that year had passed the $100,000 of additional instructional and research Technology or related curricula. mark for the first time. buildings at the College sufficient to *Maitland Smith was the brother of keep abreast of the increases in Dr. Irene Putnam. April 7, 1956 enrollment. As far as outside gifts are concerned, Remarks by President McCain at the March 11, 1960 the staff needs of the College are consid- annual meeting of the endowment erably more critical than our building From the faculty newsletter association trustees needs. The nationwide increase in Gifts to the Endowment Association’s A large proportion of gifts made to the enrollments is creating an acute shortage development fund in 1959 totaled College in recent years has been used for of teachers and scientists. Every year $216,764.86, far surpassing giving in new buildings, principally the All Faiths here at Kansas State we find it more dif- any previous year. Since the develop- Memorial Chapel, and the Feed ficult to employ first-rate people for ment fund was begun in 1953, gifts for Technology wing. State or federal money vacancies and to retain first-rate people current expenditures and projects have was not available for either structure. on our staff in the face of competitive amounted to $692,199.40. Endowment Two years ago the Endowment offers from other colleges and from pri- Association assets, as of July 1, were Trustees were asked to give serious vate industry and governmental agen- $887,891.29. Most of these assets are consideration to the possibility of raising cies. I should like to propose, therefore, endowed funds which support scholar- private funds for the construction of that the Endowment Association con- ships, loans, and other forms of student men’s dormitories; at that time it sider seriously the possibility of develop- assistance. appeared that no State money could be ing private financial support for staff secured for student housing. Contrary to salaries. Such funds might be applied these earlier expectations, the 1955

4 Kansas State University Foundation Annual Report 2004 years From the April 30, 1961, Manhattan Mercury SETS POSITIVE MOOD — Dr. James McCain addressing opening of the K-State Second Century Planning conference.

April 30, 1961 The fund raising effort comes as the University prepares to celebrate two cen- From the Manhattan Mercury tennials. This coming year, K-State, as In a meeting far exceeding expectations the nation’s first land-grant institution, for attendance and exuding enthusiasm will have an important role in obser- for the task ahead, friends, alumni, staff vances of the land-grant centennial. And and students of Kansas State University the following year the institution will yesterday decided to raise $2,500,000 observe the centennial of its establish- for the university. ment as Kansas’ land-grant university. The Second Century Fund will be the first major effort of this scope on behalf March 1964 of Kansas State University, and is planned to assist more qualified students From the Trumpet, published by the to go to college, to strengthen the Endowment Association faculty, and to enrich the instructional The Kansas State Endowment Associa- program. tion’s Development Fund started its From the October 1961 K-Stater The more than 300 University second decade with private gifts totaling Dean R.I. Throckmorton relaxes on the alumni, students, and friends who par- $473,834.07 for the 1963 calendar year. stone wall at Oscar Straube Scholar- ticipated in the conference suggested This figure exemplified a dramatic ship House as he chats with Kenneth Heywood about contributions of alumni goals of $1,500,000 for student aid growth from the $33,550.93 total to K-State. Alumni giving has increased through scholarships and loan funds, contributed in 1953, the first year of 40 percent each of the last two years, $400,000 for the support of distin- the Fund’s operation. they’re happy to report. guished professorships, and $600,000 Of the 1963 total, $322,450.15 is for additional library resources and directly attributable to the permanent scientific apparatus and equipment Development Fund. The balance of which cannot be supplied through state $151,383.92 represents payments on funds. Second Century Fund pledges.

Annual Report 2004 Kansas State University Foundation 5 years May 1967 1968 1972

From the Trumpet In 1968 the records of the endowment From a letter by President James McCain The largest senior class gift ever made to association indicated a significant mile- in the New Scene (early honor roll) Kansas State for scholarships has been stone — for the first time It is with unusual gratitude that I received by the Endowment Association. in its history, contributions acknowledge the fact 9,027 of our The Senior Class of 1967 has con- broke the million dollar alumni made gifts to the University in tributed $1,200 to establish the Class of mark, with a total of 1971 totaling $303,609 and the further 1967 Scholarship Fund. $1,120,490. fact that total endowment support for the fourth consecutive year topped 1969 $1 million. It is important for our alumni to From the Annual Development Fund know how this gift money is spent. We Report are just now completing a 16,000- The annual giving report for 1969 square-foot addition to Ward Hall, our marks the beginning of a new era for the nuclear laboratory, at a cost of some KSU Endowment Association. For the $900,000 including $375,000 from the second straight year, private gifts to the Federal Government and $100,000 from University totaled over $1 million. the state augmented by approximately Of the total number of 1969 donors, $275,000 in endowment funds. An 6,603 were alumni and 1,877 were other endowment gift of $150,000 enabled the friends of the University. A noteworthy University to purchase a 920-acre tract aspect of 1969’s giving is the fact that of tall prairie land near the campus for the alumni increased their participation ecological research. Endowment funds a whopping 71.6 percent over the previ- provided a total of $156,035 in scholar- ous year. ship aid to students during the past year. The largest contribution from one source was a total of $175,735 received from a Kansas alumnus and manufac- The Senior Sidewalk program was initiated in 1999 by the KSU Student turer. The smallest gift was $1. Foundation as an alternative to the traditional senior class gift. Past senior November 1969 class gifts have included the lampposts north of Anderson Hall and the clock in From the Trumpet the north quad of campus, as well as scholarship funds such as the Class of Examining some of the art works from 1967 Scholarship. Since the Senior the collection of the late E. Hubert Sidewalk program began, graduating Deines is John F. Helm, director of seniors are asked to participate by purchasing granite stones engraved Kansas State University’s Friends of Art. with their name and college. The The Deines family has just given K-State stones are set in the sidewalk at the a collection of 54 of E. Hubert Deines’ 17th Street entrance to campus adjacent to the Alumni Center and wood engravings and lino-cuts, as well as Memorial Stadium. 58 etchings, lithographs, block prints and Student Foundation members other art works by well known American pictured, from left: Brad Rice, sopho- and English artists. This is the largest gift more from Wamego, Kan.; Adriane Moss, junior from Hoxie, Kan.; Will of art works ever received by K-State. John Helm was responsible for Overly, junior from Louisburg, Kan.; The gift was made to the KSU initiating the collection of works of art Rachel Allen, sophomore from Overland Endowment Association for the benefit by Kansas and regional artists that now Park, Kan.; Grant Helmers, senior from of the University. constitutes the core of the Beach Scott City, Kan. Museum’s collection.

6 Kansas State University Foundation Annual Report 2004 years 1979

From the 1979-1980 Annual Report and Honor Roll • After almost a quarter of a century of service, Kenneth M. Heywood retired and was succeeded by Arthur F. Loub as Executive Vice President, beginning in June 1979. • The Foundation has been involved in several capital campaigns: • — A $750,000 campaign to complete the third floor of Shellenberger Hall for Grain Science and Industry. • — A $500,000 campaign for Engineering, Phase II. • — A $760,000 campaign for capital improvements for the Department The Konza Prairie Biological Station (KPBS) is an 8,600-acre native tallgrass prairie preserve that serves as a unique outdoor laboratory and provides opportunities for of Intercollegiate Athletics, includ- basic biological research on a wide range of plants, animals and processes. It was ing a new synthetic turf and indoor founded in 1971 through the acquisition of the historic Dewey Ranch (six miles south of workout complex. Manhattan) and other adjoining tracts of land which were purchased for Kansas State • — A $300,000 campaign to establish University by the Nature Conservancy with funds provided by Katharine Ordway. KPBS, operated by K-State’s Division of Biology, has recently received a gift from the late the partially endowed professorship Rushton Gardner (“Rusty”) Cortelyou (civil engineering, ’27), in honor of his father, John in the Department of Geology. Van Zandt (“Van”) Cortelyou, a K-State faculty member from 1904 to 1934. This gift, along with a proposed National Science Foundation grant and other private gifts, will be used for the renovation of its 94-year-old limestone barn, transforming it into a meeting 1980 facility with an educational lecture hall and exhibit space. From the May 1980 K-Stater A 30-day Telefund campaign conducted 1975 • Membership in the Presidents Club by the Kansas State University Founda- ($10,000 minimum qualification) rose tion grossed $140,000 in pledges for the From the Endowment Association’s to 89. Three new members were Colleges of Engineering, Agriculture and Honor Roll enrolled during the year. Arts and Sciences. • Largest annual total of support — Students, faculty members and $1,696,236 (previous high, 1979 alumni from the colleges manned a bank $1,525,969 in 1974) of 15 telephones in the K-State Union From the March 1979 K-Stater • Largest number of donors ever — and called alumni across the nation each 10,761 (9 percent increase over 1974) Kenneth Heywood is retiring in April night and weekend during the month of • Matching Gifts (Alumni gifts matched from his position as executive director April. The Telefund was designed to by the donors’ corporate employer) and vice president of the Foundation. reach every graduate of the three colleges were up 20 percent in 1975. He will remain in a part-time capacity. who did not make a contribution to the • A total of $338,421 was given by Under his guidance the annual devel- university last year. Approximately 1,922 persons for academic scholar- opment fund total increased from 15,000 people were contacted. K-State’s ships in 1975. This represented $45,914 in 1955 to $3.375 million in other colleges will hold Telefunds, with increases over 1974 of 99 percent in 1978. Permanent assets of the organiza- some beginning in the fall. dollar amount and 85 percent in tion, now called the Kansas State number of donors. University Foundation, increased from $600,000 in 1955 to $19 million today.

Annual Report 2004 Kansas State University Foundation 7 years 1986

From the November 1986 foundation newsletter, Ways & Means Beautiful blue skies and a light eastern breeze set the stage for the Oct. 18 Fred groundbreaking. Several hundred guests and university officials attended the festivities held on the construction site south of KSU Stadium. The ground was turned prior to the KU vs. KSU football game. “Pledges being paid by the faithful From the May 1982 K-Stater supporters of the project have made all More than 700 volunteers, including these students and faculty members calling on of this possible,” said foundation behalf of the College of Arts and Sciences, took part in the Telefund. President Art Loub. “This will truly be a first-class facility.” 1982 multi-purpose facility. It is now pro- jected that the campaign will exceed its From the May 1982 K-Stater $6 million goal and could raise $7 mil- A Telefund campaign conducted by the lion for the private portion of the fund- Kansas State University Foundation ing package. grossed $196,272 in pledges for the Colleges of Engineering, Agriculture and 1985 Arts and Sciences. Seven hundred volunteers — includ- From the 1984–85 Achievement and ing students, faculty members and Honor Roll alumni — participated in the 30-day The Foundation achieved a particular campaign. They manned a bank of tele- milestone this past year when our assets phones in the K-State Student Union grew from $39,500,000 to a new total and called 35,000 alumni across the of $54,426,000. The strength and pres- nation. They obtained 11,004 pledges. tige of an institution of higher education can be measured in various ways: 1983 research, service, curriculum, faculty, athletics, scholars and financial support. Bramlage Coliseum construction From the November-December 1983 In surpassing the $50,000,000 plateau, K-Stater the Kansas State University Foundation’s During the past 10 years a favorite topic assets now rank in the top 100 of all 1988 of conversation whenever K-Staters gath- colleges and universities in the United From the August 1988 Ways & Means ered concerned the need for a new bas- States. The importance of this achieve- ketball facility. ment cannot be overemphasized. It is the After years of anticipation, the Fred C. But K-Staters have now stopped talk- base that we can count on as we look to Bramlage Coliseum is about to go ing and started taking action. With the future and envision escalating our public. $4.1 million in cash and pledges opportunities to provide higher levels of Since groundbreaking ceremonies on received by the KSU Coliseum financial resources which, in turn, will Oct. 18, 1986, construction of the Campaign as of Nov. 30, they’ve set enhance the support of K-State scholar- $17.2 million multi-purpose facility has events in motion which will lead to ships, capital improvements, professor- moved rapidly. The coliseum’s first pub- construction of a new $16 million ships and equipment needs. lic event will be Sept. 10 when the

8 Kansas State University Foundation Annual Report 2004 years Presidents Club will tour the arena and 1991 its quarter-mile concourse. The 13,500-seat facility includes 1991 was memorable for the KSU nearly 3,000 chairback seats and enough Foundation as two families with well- purple paint to float a small boat. established records of giving each made Funding for the project includes contributions of $2 million. The gifts $8.2 million in gifts through the foun- pushed the Essential Edge Campaign dation, $7 million from students and past the $90 million mark and created $2 million from the athletic department. legacies on campus for both families. From the March 1992 Ways & Means: 1989 K-State will build an art museum. Hays business executive Ross Beach has From the December 1989 Ways & Means committed $2 million in honor of his The K-State Marching Band, a host of wife, Marianna, to the Essential Edge special guests and outstanding fall Campaign for the Marianna Kistler weather highlighted the Oct. 24 dedica- From the July 1990 K-Stater Beach Art Museum. tion of the university’s new southeast Robert Hagans ’50 and Gordon Jump “This is among the most significant entrance. ’57 were co-emcees at the Essential gifts ever made to Kansas State Edge campaign kickoff event. Jump University,” said Ruth Ann Wefald, a The Higinbotham Gate, adjacent to gave an entertaining monologue as member of the Campus Art Committee. at the intersection of part of the festivities. Anderson and Manhattan Avenue, is the “The gift and the art museum are trib- latest in a series of campus beautification utes to an outstanding family with a dis- projects. Funds for the project were pro- co-emcees of the event. The kick-off tinguished history of generosity. Kansas vided by a trust and private gifts. The featured a video, a monologue by Jump State owes an eternal debt of gratitude to project is a memorial to Mr. and Mrs. and a concert by singer Marilyn Maye. Ross and Marianna Beach.” Scott Higinbotham, Manhattan pio- Planning for the Essential Edge Later that year, another $2 million neers, and to Helen R. McIntosh, a Campaign began four years ago, and gift was made, but the donors wished to 1946 K-State graduate. Marcia Sloan active fundraising began two years ago. remain anonymous until after a referen- Bascom, a graduate student in landscape The campaign will benefit the eight dum that committed $5 million in stu- architecture was the winner of an academic colleges, University Libraries, dent fees to a proposed $27 million entrance design competition. intercollegiate athletics and a new art library expansion and renovation. After museum. students passed the referendum with a 1990 1990 From the July 1990 K-Stater From the September 1990 Ways & Means More than 800 alumni and friends celebrated the public launching of the The former headquarters for Kansas University’s $100 million Essential Edge Farm Bureau will become the new home campaign with a black-tie gathering in for the KSU Foundation and the Bramlage Coliseum in April. Alumni Association in 1991. The foun- National Campaign Chairman Robert dation purchase price is $1.5 million. Hagans ’50, Overland Park, Kan., Farm Bureau Mutual Insurance announced that the campaign was Company, owner of the building, will already more than halfway to goal with receive credit for a $3.2 million gift to $52,455,545 raised as of April 21. the foundation. The $4.7 million pack- Hagans, a Kansas City business age reflects the building’s appraised executive, and Gordon Jump, a 1957 value. Funds to purchase the building were provided by donors to finance a graduate and television personality, were Marianna Kistler Beach Museum of Art new Foundation/Alumni Center.

Annual Report 2004 Kansas State University Foundation 9 years Presidents Club membership reached 2,000 and donors exceeded 34,000. Loub was succeeded by Mark Moore, who had served on the staff for 14 years. Moore directed the Essential Edge Campaign and had been instrumental in the growth of planned giving at the foundation.

1993

From the March 1994 Ways & Means Hale Library On June 30, 1993, the curtains closed on Kansas State University’s Essential Edge Campaign with a total of 97 percent approval rate, Joyce and J.D. each year. Since 1980, some 200,000 $163,648,600 raised for the university’s “Joe” Hale, Overland Park, could be alumni have pledged more than $6 mil- benefit. The campaign total was properly thanked for their generous sup- lion via Telefund. announced at the foundation’s Board of port. From the March 1992 Ways & Trustees annual meeting in October. Means: “The Hales were introduced to 1993 The campaign goals were $100 mil- about 250 special guests during the lion for cash and pledges, and $25 mil- Friends of K-State Libraries’ annual gala In January 1993, Art Loub became pres- lion for deferred gifts. on Feb. 8. ident emeritus and consultant for the The annual meeting’s keynote ban- “Thanks to the Hales’ gift, we have KSU Foundation. Loub had served as quet speaker was Gordon Jump, who co- witnessed a historic display of student president from 1979 to 1993, and had hosted the campaign kickoff gala. Jump financial commitment,” said President presided over a period of significant saluted Kansas City businessman Robert Jon Wefald. “This private-public part- growth in the foundation’s history. The F. Hagans for outstanding volunteer nership will benefit our students, faculty dollars raised annually passed $21 mil- leadership as the national chair of the and staff for generations. This is a mon- lion and assets climbed to $125 million. five-year campaign. umental achievement for Kansas State University.”

1992

From the October 1993 Ways & Means During the 1992 fiscal year, K-State received gifts from 27.1 percent of its alumni. Iowa State University recorded the second highest support rate at 21 percent, and the conference average was 18.2 percent. K-State’s average is the seventh high- est in the nation among 112 public research/doctoral universities. The nationally-recognized KSU Foundation Telefund is a key to K-State’s lofty support totals. The all- volunteer telephone fundraising program Jo and Bill Harbin, Salina, Kan., with Dennis Kuhlman, dean, K-State at Salina, and KSU President Jon Wefald at the September 1997 dedication of Harbin Hall. includes about 1,400 student callers

10 Kansas State University Foundation Annual Report 2004 years 1995

From the June 1995 Ways & Means The decision to create an estate plan and a long-standing desire to support higher education has led a 1950 Kansas State University graduate and his wife to com- mit $2 million to finance a new student residence hall at Kansas State University at Salina. Bill and Jo Harbin of Salina created a trust with the foundation to finance the second residence hall at K-State-Salina. The couple owned Harbin Construc- tion Co., a prominent contractor serving a four-state area. This gift includes stock and land that will be sold by the founda- From the Autumn 2000 Ovations tion to fund the trust, and the trust will Ruth Ann Wefald, Alice Fiedler and KSU President Jon Wefald share a moment of pride finance the residence hall. during dedication ceremonies for Fiedler Hall and Library held September 9. The $12 million project was made possible through $5 million in state “Crumbling Construction on the planned 68-bed Classrooms” funds and $7 million in private donations, including more than $5 million Harbin Hall will begin in 1995 and is from Alice Fiedler. The St. Petersburg, Fla., resident made the donation in honor of her expected to be ready for occupancy in late husband, George Fiedler, a K-State alum. early 1996. 1997 Alice continued to carry out those 1996 contribution plans after George’s death From the May 1997 Ways & Means In 1996, Gary Hellebust succeeded in 1988. In December 1988, she estab- Mark Moore as foundation president. A relationship that began over 50 years lished the first of four trusts with the Hellebust had joined the foundation in ago, when her husband enrolled in foundation. She made additional contri- 1983 and had served as director of cor- Kansas State University’s College of butions to support the engineering com- porate and foundation relations, vice Engineering, has led Alice Fiedler of plex expansion project. Her most recent president of major gifts, and executive St. Petersburg, Fla., to contribute an gift brings the Fiedlers’ lifetime giving vice president and chief operating offi- additional $2.79 million to help com- total to nearly $6 million. cer. Under his leadership, the founda- plete the expansion of the engineering Editor’s note: Alice continued to make tion has achieved seven consecutive complex. generous gifts until she died in July 2003. years of record contributions. Fund- The new building will be named The Fiedlers’ lifetime giving was raising efforts are now concentrated on Fiedler Hall in honor of Alice and her $7.7 million. behalf of college constituencies and the late husband, George, and will house foundation staff includes approximately Fiedler Library, a 20,000 square-foot 1998 70 people. computer-based interactive library that will include multi-media classrooms. From the 1998 Annual Report The Fiedlers began their support of Record giving levels continue to be Kansas State University more than achieved by dedicated alumni and 20 years ago with annual gifts to the friends of Kansas State University. For College of Engineering. As time went the third consecutive year, contributions on, they decided to expand their com- to the foundation have topped the mitment to K-State and began exploring previous year’s record. Fiscal year ’98 various giving options with the KSU saw contributions of $27,115,406, an Foundation staff. increase of $1.3 million over the

Annual Report 2004 Kansas State University Foundation 11 years previous year. In addition, for the first with scholarships,” said Gary Hellebust, Florence earned her bachelor of time, foundation assets under president and chief executive officer of science degree in home economics management have topped $200 million. the KSU Foundation. education in 1930 and her master’s Alumni and friends from across the According to Hellebust, 70 percent of degree in dietetics and institutional nation drove the KSU Foundation’s K-State’s students qualify for financial management in 1936 from Kansas State 1998 Telefund total over the $1 million aid, the highest percentage among all of Agricultural College. She moved to mark for the first time in its 19-year his- the Regents institutions in Kansas and Topeka in 1947 to begin teaching home tory. Telefund ’98’s pledge total of throughout the . economics at Washburn University. $1,009,614 surpassed the 1997 total by While there, she met Dale C. Marcoux, $120,000 and the 1996 total by 1999 a business professor at Washburn. They $182,000. were married in 1950. From the Summer 1999 Ovations Florence placed great emphasis on 1998 A gift of $2.4 million from the estate of learning and was a daily reader of local Florence Harold Marcoux, Oberlin, newspapers and The Wall Street Journal. From the Winter 1999 foundation Kan., will stand as the largest single gift She and Dale lived frugally, preferring to newsletter, Ovations for scholarships in the 136-year history invest their extra money rather than The Kansas State University $50 million of K-State. The bequest was established spending it on themselves. Scholarship Campaign is off to a great to honor her parents, William and start with $33 million and counting! Melissa Harold. 1999 The Scholarship Campaign was kicked “This gift is beyond belief,” said Pat off Sept. 18, 1998, with a spectacular Bosco, dean of student life. “It is a From the 1999 Annual Report and spirited rally attended by several benchmark gift to our scholarship efforts • The foundation has recorded a 70 per- hundred alumni and friends. for recognizing good students. The cent increase in total giving over the “College is a major investment for Harold Scholarship will recognize lead- past five years. students and their families, but the ership, community service and academic • Contributions creating new endow- expense of an education can be lessened performance of incoming freshmen.” ments or adding to existing endow- ments totaled $9.7 million in 1999, a three-fold increase in the last three years. • Scholarships totaling $6.4 million were awarded to 4,831 students this year. • Telefund observed its 20th anniversary and generated pledges of more than $1 million for the second year in a row. • Foundation assets under management climbed from $222 million to $246 million.

2000

More than 400 people joined in the spirit of celebration for the conclusion of Kurt Fenster, Nick Deneault, Brit Karber, Matt Coleman and Ryan Feldkamp are some the foundation’s $50 million Scholarship of the recipients of the William and Melissa Harold Scholarship. In addition to the Campaign at an event in Kansas City. monetary award, recipients are encouraged to enroll in the University Leadership Training class, the only interdisciplinary leadership student program in the Big 12 The campaign closed with a total of conference. This award is offered to incoming freshmen who held leadership positions $63,594,667. Gifts were received from in high school such as student body president or officer in an honorary organization. To 17,670 households, corporations and be eligible, students must score a 26 or higher on the ACT and a 3.6 minimum grade foundations. point average.

12 Kansas State University Foundation Annual Report 2004 years 2001

From the 2001 Annual Report K-State’s loyal alumni and friends con- tributed $44.5 million in support of the university this year. Combined with more than $16 million in pledges and bequests, the total gift activity for the year exceeded $60 million. This was the sixth consecutive year of record-breaking contributions, and this year’s total was more than double the amount raised in 1996. It will come as no surprise, then, to report that K-State alumni, who have ranked in the top 10 in alumni philan- thropic giving among public research/ doctoral institutions for a decade, climbed into the number four spot in the nation last year with 23 percent of Presidents Club members enjoy the hospitality of Joe and Elizabeth Barton-Dobenin at our alumni making donations. his family’s castle, Zbraslav, in Prague, Czech Republic, in spring 2003.

2002 land to tenant companies that have time of his death, he knew the funding The KSU Foundation received a $3 mil- ongoing research relationships with the was secure and the cancer center he had lion bequest from Joe and Elizabeth university. The research park provides dreamed of would become a reality. Barton-Dobenin, Weslaco, Texas, to the university with crucial research labo- The Lafene name is a familiar one on support international programs at ratory space to support the growing campus, due to the student health center K-State. Joe, who was born in Prague, “technology transfer” from university- named in honor of Dr. Benjamin Czechoslovakia, was a professor in the based research to commercialization of Lafene, Lillie’s husband. Lillie graduated College of Business Administration at new technologies. from K-State with a bachelor’s degree in K-State, retiring in 1985. He helped human ecology in 1926 and a master’s establish and served as director for the 2002 degree in 1928. She married Lafene in Small Business Development Center. 1931. He served as director of student Prior to making their bequest, Joe and A $2.2 million bequest from the estate health services from 1948 to 1961, and Elizabeth had established several scholar- of Lillie Lafene provided needed funds then taught science, retiring as a full ships and funds, including a student to complete construction on the Terry professor in 1971. He died in 1990. exchange program between K-State and C. Johnson Center for Basic Cancer The Lafenes made several donations the Czech Republic. The bequest will Research in the new Chalmers Hall. to the cancer center, but the final gift of fund scholarships, faculty exchanges, an Johnson, who led the center for more $2.2 million was unparalleled. The cen- international chair and fine arts. than 20 years, had focused his energies ter was dedicated in April 2004, and the for the previous several years on raising commons area now bears Lillie’s name. 2002 money for the new center. But, the goal proved elusive until the summer of 2003 Dedication and grand opening cere- 2002, when it was learned that Lillie, monies were held in June for K-State’s who died in May of that year, had A bequest of $2.5 million was realized new research park and its first corporate bestowed a gift of uncommon generosity from the estate of Charles and Lois tenant, NanoScale Materials Inc. on the cancer center. Johnson, who had Nauheim, Manhattan. In 1932, Charles The 25-acre research park is owned been diagnosed with cancer two years earned a bachelor’s degree in agronomy by the KSU Foundation, which leases earlier, died in October of 2002. At the with a minor in economics. He earned

Annual Report 2004 Kansas State University Foundation 13 years K-State’s Telefund began in 1979 and has grown to become the world’s largest all- volunteer telephone campaign for higher education. Over the last 25 years, Telefund has generated more than $18.4 million via 413,824 pledges and involved about 20,000 student volunteers. Telefund now teams up with a variety of corporate and private sponsors who provide funding, merchandise, discounts and coupons that are used as rewards and incentives for student volunteers. The Kellogg’s Company, for example, provided permission for use of its mascots, Tony the Tiger and Snap, Crackle and Pop, as well as more than 1,700 pounds of dry food — boxed cereal, cookies, toaster pastries and snack bars — distributed as nightly prizes or refreshments. A group of alumni known as the Wichita Area Big Wheels collectively provide a new vehicle each year as a grand prize and enticement to prospective volunteers. This year, a Nissan Frontier pickup truck was customized with Telefund logos, displayed on campus in the fall and given away at the ceremonial “prize bash” in April.

his master’s degree in economics in “After I accepted my job at Exxon- to contribute to their alma mater, 1934. The couple was married in 1935, Mobil, I started thinking about how I Andrew contributed $12,000 to assist and returned to Manhattan in 1954. could give back to K-State,” Andrew future leaders of K-State’s residence halls. Charles worked for the United States said. “Coming from the College of “K-State has made an impact on my Department of Agriculture, Bureau of Business Administration, you have the life and has given me the foundation I Agricultural Economics, and was mindset of finding the best bang for need to become successful,” Andrew assigned to the USDA office in the agri- your buck. I thought it would be a wise said. “I hope other young graduates try cultural economics department in investment for me to start an endow- to make an impact on their own Waters Hall at K-State. The Nauheims ment with ExxonMobil’s support.” generation while they have recent developed strong friendships with several Through ExxonMobil’s Education memories of K-State. Beyond that, I faculty members. In 1960, Lois decided Matching Gifts Program, which provides hope it challenges others to start their to finish her college education nearly a 3-to-1 match to employees who want own endowments.” 30 years after originally attending K-State. She received her bachelor’s degree in home economics in 1962. Charles and Lois died only a few months apart in 2002. The bequest they made to honor their alma mater estab- lished five scholarships at K-State: the Charles W. and Lois H. Nauheim Agricultural Economics Scholarship, Agronomy Scholarship, Freshman Scholarship, 4-H Scholarship and Veterinary Medicine Scholarship.

2004

The worth of a K-State education and the truth of K-State loyalty were beauti- fully illustrated this year when 2003 graduate Andrew Bell became the youngest person in K-State history to establish an endowed fund. Andrew Bell with his mother, Marylyn, outside the Higinbotham Gate.

14 Kansas State University Foundation Annual Report 2004 years Dear friends:

We hope you have enjoyed this look back at the first 60 years of the KSU Foundation. The achieve- ments are remarkable. An organization that was incorporated without a penny to its name now holds assets worth $319 million. Our group of volunteer leaders has grown from a handful to many hundreds. Fewer than 500 donors contributed in the first year, while 47,000 alumni and friends made contributions in fiscal year 2004. The research for this report revealed another gratifying pattern — the same names appeared over and over throughout the 60 year history. In the first year of the foundation’s existence, 11 donors made contributions of $500 or more. Some of those names are familiar to us today as current donors. For Lyle Pishny, ’73 Accounting many of our donors, contributing to K-State is a deeply rooted family tradition. You’ll meet two of those families in the following pages. Fiscal year 2004 was as exciting as any year past. K-State alumni and friends contributed a record $54.2 million in cash, surpassing last year’s cash total of $44.8 million by 21 percent. Deferred gifts and pledges of $16.7 million, combined with cash gifts, pushed total gift activity for the year to $70.9 million, the second largest overall total in our 60-year history. In fiscal year 2004, gifts to the foundation established 94 new scholarships and four faculty chairs and professorships. There were 18 gifts and pledges of $1 million or more. Fiscal year 2004 also brought a more favorable investment climate, with an 18.51 percent return on investment, the second-highest in foundation history. Lee Borck, ’70 If that isn’t enough, here’s one more thing: based on data compiled annually by the Council for Aid Agricultural to Education, K-State’s level of alumni support is No. 1 in the Big 12 and No. 1 in the nation. Economics K-State’s 32 percent alumni support rate was eight points better than the second place Big 12 university, ( with 24 percent) and nearly twice the conference average. On behalf of the members of the foundation Board of Trustees, our university administration and faculty, and the foundation staff, we extend our heartfelt thanks for your past — and your future — contributions. Never doubt that your gift counts. Private philanthropy makes the difference between a dream that comes true and a dream that never gets a chance.

Lyle Pishny, Chairman Lee Borck, Chairman Gary Hellebust, President & CEO Executive Committee Board of Trustees KSU Foundation Gary Hellebust, ’69 Animal Science

Gift Activity 1999–2004 Dollars in millions

Annual Report 2004 Kansas State University Foundation 15 years Volunteer Leaders

Executive Committee Board of Trustees The foundation’s governing board consists of elected volunteers who serve four-year terms. The Executive Committee is com- The Board of Trustees meets annually to consider foundation policies and strategic direc- posed of the chairman, vice chair- tion. Trustees also help identify, cultivate and solicit support for the university from individ- man, secretary and treasurer of the uals, corporations and foundations. Board of Trustees, the president of Trustees not only volunteer their time and expertise, they also provide continuous finan- the university, the chairman of the cial support to the university. K-State Alumni Association Board of Directors and additional mem- BOARD OF TRUSTEES AS OF JUNE 30, 2004 bers elected from the Board of Trustees. Charles Arthur III Tamara Blackman C.Q. Chandler III Neisha Dahlstrom The Executive Committee meets Manhattan, KS Frisco, TX Wichita, KS McPherson, KS quarterly to consider policy and Douglas Ayre Jarold Boettcher Charles Chandler IV Robert Davis Larned, KS Beloit, KS Wichita, KS Topeka, KS management issues and is authorized to act on behalf of the Board of Jane Ayre Eldon Boisseau Georgia Chandler Venette Davis Larned, KS Wichita, KS Wichita, KS Topeka, KS Trustees between its annual meet- ings. Executive Committee members Jack Ayres Janet Boisseau Jerome Chandler Robert DeBruyn Scottsdale, AZ Wichita, KS Tucson, AZ Manhattan, KS also apply their expertise to commit- tees including investment advisory, Janet Ayres Kathleen Borck Lois Chandler Amy Dobbins Scottsdale, AZ Larned, KS Tucson, AZ Olathe, KS development and prioritization, technology, budget and operations, Bruce Bachman Lee Borck David Chelesnik Mark Dobbins Centralia, KS Larned, KS Del Mar, CA Olathe, KS accounting and audit, trust manage- Sally Baker Nadalie Bosse Ann Christian Ann Dodderidge ment advisory and nominating. Granbury, TX Hinsdale, IL Manhattan, KS Venice, FL EXECUTIVE COMMITTEE AS OF Thane Baker Ron Bramlage James Colbert Jr. Richard Dodderidge JUNE 30, 2004 Granbury, TX Junction City, KS Palm Desert, CA Venice, FL Michael Barrera Ben Brent Marcia Colbert Dixon Doll Lyle Pishny Arlington, VA Manhattan, KS Palm Desert, CA San Francisco, CA Chairman, Executive Committee Joseph Barton- Karen Brokenicky Patricia Conderman Joe Downey Betty Tointon Dobenin Manhattan, KS Manhattan, KS Manhattan, KS Vice Chairman Weslaco, TX Philip Brokenicky Randall Coonrod Sherry Downey Lee Borck Jon Baum Manhattan, KS Wichita, KS Manhattan, KS Chairman, Board of Trustees Shawnee Mission, KS Mary Brooks Donald Cordes Lou Ann Dunn Duane Cantrell Marianna Beach Overland Park, KS Wichita, KS Salina, KS Charles Claar Jr. Lawrence, KS William Brooks Bonnie Cordill Martin Eby Jr. Chairman, K-State Alumni Association Karen Bell Overland Park, KS Topeka, KS Wichita, KS Board of Directors Manhattan, KS Samuel Brownback Jerry Cordill Paul Edgerley Joe Downey Ann Bingham Topeka, KS Topeka, KS Brookline, MA Paul Edgerley Lake Quivira, KS Elizabeth Burke Nancy Coulter Gary Edwards Lee Harris Larry Bingham Doylestown, PA Disney, OK Houston, TX Secretary, Board of Trustees Lake Quivira, KS Franklin Burke Roger Coulter Peggy Edwards Phil Howe Beth Bird Doylestown, PA Disney, OK Houston, TX Anthony, KS Earl McVicker Charles Burton Ann Cranor Ann Erickson Treasurer, Board of Trustees Dan Bird Manhattan, KS Shawnee Mission, KS Manhattan, KS Anthony, KS Richard Pearson Linda Burton Timothy Cranor Howard Erickson James Birkbeck Manhattan, KS Shawnee Mission, KS Manhattan, KS Paul Stephenson Holton, KS Bernard Butler Tara Cupps David Fiser Vice Chairman, Board of Trustees Mary Birkbeck Manhattan, KS Wichita, KS Manhattan, KS Eleanor Stolzer Holton, KS Duane Cantrell Terry Cupps Barry Flinchbaugh Donna Vanier John Black Jr. Topeka, KS Wichita, KS Manhattan, KS Dennis von Waaden Mason, MI Leslee Cantrell Chris Curtin Catherine Jon Wefald Rolando Blackman Topeka, KS Overland Park, KS Flinchbaugh President, Kansas State University Dallas, TX Tom Carlin Hugo Dahlstrom III Manhattan, KS Manhattan, KS McPherson, KS

16 Kansas State University Foundation Annual Report 2004 years Curtis Frasier Michael Herbel Beloit, KS Fort Worth, TX Completing the Circle Sheryl Frasier Kenneth Hewson Beloit, KS Larned, KS Although the KSU Endowment Marilyn Galle Mary Hewson Association had always been Manhattan, KS Larned, KS focused on supporting current stu- Nelson Galle Jerry Hill dents and the campus, an excep- Manhattan, KS Marina del Rey, CA tion was made in 1957 to recog- Mark Galyardt Joleen Hill Atlanta, GA Manhattan, KS nize the success of an alumnus. Susan Galyardt Colleen Hodes Thane Baker, class of 1953, had Atlanta, GA Rockaway, NJ just attended the 1956 Olympics Henry Gardiner Steven Hodes in Melbourne, Australia, winning From the March 1957 K-Stater Ashland, KS Rockaway, NJ a bronze medal in the 200-meter Sally shows her father, Bill Doyle ’33, Douglas Gaston Donald Hoffman dash, silver medal in the 100- the gold medal Thane won last fall. Leawood, KS Hays, KS meter dash and gold medal as cap- Bill is coach and farmer in Douglass. Rozanne Gaston Gretta Hoffman Thane earned his BS degree in Leawood, KS Hays, KS tain of the 400 meter relay team 1953; Sally got hers last May. Jeffrey L. Gates Jeannie Hollis that set a world record. New York, NY Tucson, AZ In January 1957, the Executive Thane was already an Olympic Malinda Gilchrist Philip Hollis Committee passed the following silver medalist (1952 Helsinki Manhattan Beach, CA Tucson, AZ motion: games, 200-meter dash) before he Gary Glatz Allen Homan Gurnee, IL Portage, MI “The committee felt that had met and married Sally. They Nicholas Golden Dianne Honomichl Baker’s performance at the Games were in an American literature Overland Park, KS De Soto, KS reflected a high degree of credit on class at K-State and Thane asked Susan Golden Kevin Honomichl K-State which could not have oth- the professor to place Sally on a Overland Park, KS De Soto, KS erwise been attained.” picnic site committee with him. Jack Goldstein Julie A. Hostetler Manhattan, KS Manhattan, KS Baker’s wife, Sally Doyle Baker, They married two years later in Joann Goldstein Phil Howe class of 1956, had been finishing 1954. Manhattan, KS Manhattan, KS her degree at K-State and working Thane served in the Air Force Celinda Graham Cleve Humbert at the Manhattan Mercury to earn and was a manager for Magnolia/ Wichita, KS Manhattan, KS travel money for the trip to Mobil Oil. Sally was a manager for James Graham Rae Iman Wichita, KS Albuquerque, NM Australia. She wrote a story about gift shops at the Anatole Hotel John Graham Ronald Iman her trip that was published in the and Toyworks. They both have Manhattan, KS Albuquerque, NM March 1957 K-Stater alumni served on the K-State alumni Mary Lee Graham Connie Jaynes magazine. board and are currently on the Manhattan, KS Tulsa, OK board of trustees for the KSU Helen L. Graves Ann Johnson Salina, KS Lawrence, KS Foundation. James Grier III James Johnson The Bakers have furnished two Wichita, KS Colorado Springs, CO endowed scholarships at K-State Ada Harbin Steven Johnson and are Presidents Club members Salina, KS Lawrence, KS in the Fairchild Society. Sally was William Harbin Steven Johnson chair of the College of Human Salina, KS Assaria, KS Barbara Harris Hannah Kerschen Ecology $50 million scholarship Leawood, KS Wichita, KS campaign and received the R. Lee Harris Richard Kerschen Human Ecology Distinguished Leawood, KS Wichita, KS Service Award in 2003. Thane Marsha Hedlund Kenneth Knight received the Distinguished Service Montezuma, KS Lyons, KS Sally and Thane Baker, with Gen. Award from his fraternity, Delta Ty Hedlund Tamara Knight Richard Myers ’65, at the KSU Montezuma, KS Lyons, KS Foundation’s Board of Trustees Tau Delta, in 2004. Annual Meeting in 2003.

Annual Report 2004 Kansas State University Foundation 17 years Joan Knoll Kevin Lockett Daniel Lykins Janet Markel John McCloskey Topeka, KS Jacksonville, FL Topeka, KS Rogers, AR Evergreen, CO Curtis Krizek Beth Lull Judy Lykins Terry Matlack Earl McVicker Shawnee Mission, KS Salina, KS Topeka, KS Shawnee Mission, KS Hutchinson, KS Barbara Kruger Dennis Lull Johanna Lyle Donald Matuszak Candy Merrill Henderson, NV Salina, KS Manhattan, KS Dacula, GA Overland Park, KS Lon Kruger Joyce Lutz Kenneth Lyle Diana McCaustland Fred Merrill Jr. Henderson, NV Topeka, KS Manhattan, KS Manhattan, KS Overland Park, KS Cheryl Lockett Ronald Lutz Lynn Markel Robert McCaustland Lauren Meyer Jacksonville, FL Topeka, KS Rogers, AR Manhattan, KS Lenexa, KS

Family ties The KSU Foundation owes its estab- lishment to the involvement of a small group of caring and motivated individ- uals. Among them was an industrious pair of brothers from Manhattan — Evan and Tom Griffith — who oper- ated a pair of prominent businesses: Griffith Coal & Lumber Company and Union National Bank (Commerce Tom and Evan Griffith Eleanor and Bill Stolzer Bank). Evan and Tom were inseparable. home economics in 1956, has contin- tends to be a big part of your life when They both attended K-State; Evan grad- ued her family’s tradition through sup- you’ve lived in Manhattan your whole uated in 1922 in general science and port of the university and participation life.” Tom took classes in the mid 1920s. As at the KSU Foundation. She is a mem- Evan’s daughter, Margaret Howe, also adults, they lived across the street from ber of the board of trustees and execu- has a current connection to the KSU each other. Both were very close to their tive committee. Eleanor’s husband, Bill Foundation. Her husband, Phil, is on sister Josie, who also held an interest in Stolzer, has been a trustee since 1968. the executive committee and has been a the bank. As bankers, the Griffiths had K-State President James McCain trustee, off and on, since 1975. He a philosophy of promoting the com- appointed Bill to the executive com- worked at Union National Bank and is munity. They believed K-State was mittee in 1971 and he served until currently chairman of Kansas State Manhattan’s lifeblood. 1998. Bill graduated from K-State in Bank in Manhattan. Phil and Margaret Eleanor Stolzer, Tom’s daughter, said, 1957 with a bachelor’s degree in busi- both graduated from K-State in 1954, “We were brought up to understand ness administration. He is chairman of with bachelor’s degrees in business and that the university was very, very impor- Commerce Bank. home economics, respectively. tant to Manhattan and you did what Eleanor and Bill have regularly made “We’re big supporters of anything the you could to make it succeed. It was contributions to the university during school does,” Phil said. “We’re prepared what made the town.” the last 30 plus years, including major to do anything we can do to help, Evan served as the foundation’s first gifts for the College of Business whether personally or with the bank. chairman until his death in 1961. He Administration, K-State Alumni Center We’re all big boosters of K-State.” was active in local politics and became for naming the grand staircase, Colbert Now this Griffith family tradition mayor. Manhattan’s Griffith Park was Hills Golf Course, McCain Auditorium has extended to the next generation. In named for Evan. Tom was the founda- and Friends of the Library. 2004, the Stolzer’s daughter, Mary tion’s next chairman and assumed oper- “Bill and I have been thrilled to be Kevin Giller and her husband Tom, ation of the bank in his brother’s place. on the foundation’s executive commit- were elected to the board of trustees of He died in 1971. tee after Dad and Evan worked so hard the KSU Foundation. Eleanor, who graduated from to get it organized,” Eleanor said. “It all K-State with a bachelor’s degree in goes back to serving K-State, which

18 Kansas State University Foundation Annual Report 2004 years Mark Meyer Michael Riordan Charles Stryker Warren Weibert Ross Beach Lenexa, KS Prairie Village, KS Topeka, KS Manhattan, KS Hays, KS Doris Miller Roy Robinson Karl Stutterheim Darrell Westervelt Max Beam Manhattan, KS Kansas City, KS Salina, KS Manhattan, KS Washington, KS Joseph P. Miller Sylvia Robinson John Teeter Jane Westfall Dean Becker Spring Lake, NJ Kansas City, KS Lenexa, KS Manhattan, KS Wichita, KS Monte Miller Jr. Hal Ross Patricia Teeter Herbert Whitney William Beezley Manhattan, KS Wichita, KS Lenexa, KS Houston, TX Girard, KS Rich Mistler Mary Lou Ross Jane Thiessen Mary Sue Whitney Alan Bell Fairway, KS Wichita, KS Manhattan, KS Houston, TX Manhattan, KS John Montgomery Bill Sanford Richard Thiessen Catherine Wieland Walter Bell* Junction City, KS Naples, FL Manhattan, KS Colby, KS Manhattan, KS John Morgan Duane Saunders Bernita Thorn Scott Wieland Wendell Bell Pacific Palisades, CA Eden Prairie, MN Topeka, KS Colby, KS Conroe, TX Linda Morgan Denise Schneider Robert Thorn Donald Wilbur Jr. Ray Bert Pacific Palisades, CA Hinsdale, IL Topeka, KS Paola, KS Sedgwick, KS Aaron Morrison Robyn Schneider Joe Tiao Michael Wilds Howard Blanchard* Salina, KS Hinsdale, IL Manhattan, KS Manhattan, KS Garden City, KS Cy Moyer Rhea Serpan Frank Tillman Larry Williams Herbert Blevins Phillipsburg, KS Danville, CA Manhattan, KS Halstead, KS Basking Ridge, NJ Bill Muir Patricia Serpan Betty Tointon Charles Wilson Jr. Gene Bonnell Manhattan, KS Danville, CA Greeley, CO Del Mar, CA Bartlesville, OK Keith Mull Gerald Shadwick Mark Truitt Dave Woolfolk Jr. McDill Boyd* Larned, KS Greeley, CO Leawood, KS Manhattan, KS Phillipsburg, KS Marian Mull Jeannine Shadwick Greg Tucker Julia Woolfolk Bill Bradley* Larned, KS Greeley, CO San Francisco, CA Manhattan, KS Lawrence, KS Dennis Mullin Connie Sink Olive Ubel George Yapp Charles Brainard* Manhattan, KS Manhattan, KS Topeka, KS Barrington, IL Abilene, KS Andrew Murphy Roger Sink Donna Vanier Donna Brainard* Great Bend, KS Manhattan, KS Brookville, KS EMERITUS TRUSTEES Abilene, KS Larry Nettles Leon Skelton John Vanier II Duane Acker Fred Bramlage* Hinsdale, IL Wichita, KS Salina, KS Atlantic, IA Junction City, KS Dea Olson Donald Smith Jack Vanier C.W. Allerheiligen Norman Brandeberry Topeka, KS Topeka, KS Brookville, KS Marysville, KS Lady Lake, FL Keith Olson Suzy Smith Laura Varney Ron Andersen Norman Branson Topeka, KS Topeka, KS Manhattan, KS Topeka, KS Jupiter, FL Richard Pearson John Stack Bill Varney John Armstrong Gray Breidenthal* Leawood, KS Gravois Mills, MO Manhattan, KS Muscotah, KS Kansas City, KS Kenneth Peirce Susan Stannard Dennis von Waaden Charles Arthur Eleanor Brent Hutchinson, KS Kansas City, MO Austin, TX Manhattan, KS Manhattan, KS John Perrier William Stannard Sally von Waaden George Bachman* Robert Brewer* Dodge City, KS Kansas City, MO Austin, TX Centralia, KS Manhattan, KS Janice Pishny Amy Lou Stephenson Edwin Wambsganss Chance Bahadur Jacquie Brewer Stilwell, KS Wichita, KS Steamboat Springs, CO Barrington, IL Manhattan, KS Lyle Pishny Paul Stephenson Byron Warta Willard Balderson* Helen Brockman Stilwell, KS Wichita, KS Newton, KS Wamego, KS Manhattan, KS Randolph Pohlman John Stites Marjorie Warta Sonny Ballard* Earl Brookover* Fort Lauderdale, FL Manhattan, KS Newton, KS Manhattan, KS Garden City, KS Mary H. Pollack Eleanor Stolzer Dan Wassenberg William Barbe* E.C. Brookover Jr. New York, NY Manhattan, KS Marysville, KS Greenwich, CT Garden City, KS Doyle Rahjes Bill Stolzer Jon Wefald Dale Barkyoumb* Marlin Brown* Agra, KS Manhattan, KS Manhattan, KS Manhattan, KS Sun City, AZ Sidney Reitz Joe Stout Ruth Ann Wefald Joseph Barton-Dobenin Samuel Brownback Salina, KS Cottonwood Falls, KS Manhattan, KS Weslaco, TX Topeka, KS Kathleen Riordan Mary Lea Stout Carol Weibert James Baxter Edward Buchmann* Prairie Village, KS Cottonwood Falls, KS Manhattan, KS Winter Park, FL Clay Center, KS

*Deceased

Annual Report 2004 Kansas State University Foundation 19 years Bruce Buehler George Dawson Tom Haas Mary Jarvis* Bob Larsen Georgetown, TX Russell, KS Independence, MO Omaha, NE Manhattan, KS Don Buster* Jim Dieter Bob Hagans Cheryl Jernigan Edward Larson Albuquerque, NM Houston, TX Overland Park, KS Overland Park, KS Topeka, KS Dean Campbell Charles Dominy* Robert Haines Elnita Jezek Richard Lashbrook Manhattan, KS Manhattan, KS Manhattan, KS Holyrood, KS Overland Park, KS John Carlin Tom Dunn Jr. John Haley* Chester Johnson* Ron Leslie Olney, MD Salina, KS Topeka, KS San Antonio, TX Leawood, KS Frank Carlson* Martin Eby William Hall* Floyd Johnson* Bob Lewis Concordia, KS Wichita, KS Coffeyville, KS Sun City, AZ Larned, KS Charley Carter Martin Eby Sr.* James Hammel Maurice Johnson* Frances Lewis* Independence, KS Wellington, KS Green Valley, AZ Shawnee Mission, KS State College, PA Jean Case Bill Edison Rick Harman Vern Johnson Sr.* Dave Lockton Marion, KS Wichita, KS Shawnee Mission, KS Spokane WA Shawnee Mission, KS C.Q. Chandler III Milton Eisenhower* William Harsh* John Johntz Sr.* Celeste Logan* Wichita, KS Baltimore, MD Overland Park, KS Wichita, KS Manhattan, KS Georgia Chandler Dorothy Ekdahl* Stuart Hartman Clyde Jones Joe Loriaux Wichita, KS Topeka, KS Ponca City, OK Manhattan, KS Manhattan, KS Bob Chapman* Sandra Emley George Hedrick* Taylor Jones* Herbert Low* Medford, OR Manhattan, KS Lenexa, KS Holcomb, KS Kansas City, MO Kenneth Chappell* Conrad Eriksen* George Henrichs Jr. Walter Jones* Frank Lowman Stillwater, OK Manhattan, KS Dodge City, KS City, OK Topeka, KS Jim Cheatham Jr. Jerry Exline Albert Henry* Frank Jordan Linton Lull Edmond, OK Salina, KS Tijeras, NM Abilene, KS Mesa, AZ Donald Christy* Robert Exline Ed Herres Nanette Kaup Virgil Lundberg* Scott City, KS Salina, KS Hoisington, KS Manhattan, KS Salina, KS Patty Clark Bill Farrell* Dean Hess Charles Kearns Donald MacGregor* Havana, KS Shawnee Mission, KS Winfield, KS Sioux Falls, SD Sun City, AZ Mike Clutter Isaac Fehr Jr. Ken Heywood* Robert Kelce Harold Mangelsdorf* Topeka, KS Dallas, TX Manhattan, KS Kailua Kona, HI New York, NY Joan Cobble W.A. Foraker Alice Hibbs Theodore Keller* Ralph Marshall* Rancho Palos Verdes, CA Carpinteria, CA Crystal Lake, IL Tucson, AZ Lawrence, KS Ron Cochran Ron Francis William Higdon Ward Keller* Tom Martin Manhattan, KS Topeka, KS Houston, TX Manhattan, KS La Jolla, CA Bob Coe John Frazier* Donald Hill* Dan Kershaw LeRoy McAninch McPherson, KS Topeka, KS Manhattan, KS Tucson, AZ Salina, KS Edgar Coleman* Ross Freeman Doug Hill Willard Kershaw* Frank McBride Manhattan, KS Topeka, KS St. Louis, MO Manhattan, KS Salina, KS Leila Colwell* Jody Galichia Gerry Hollingsworth Howard Kessinger James McCain* Manhattan, KS Wichita, KS Hutchinson, KS Marysville, KS Topeka, KS Ron Coryell Jr. Wendell Gardner Dick Hoover* Martin Kiger* Nolan McKenzie Junction City, KS Tucson, AZ Wichita, KS Tucson, AZ Topeka, KS Arthur Cotts* James Garrett Darrell Hosler Ed King Jr. Dean McNeal* Silver Spring, MD Tucson, AZ Shawnee Mission, KS Eugene, OR Bloomington, MN Luann Cramer L.E. Garrison* Alvin Hostetler* Joseph Knappenberger* Don McNeal Manhattan, KS Abilene, KS Manhattan, KS South Hutchinson, KS Council Grove, KS John Crofoot* Arch Gothard III Charles Hostetler John Koger Sr. Pete McVay Marion, KS Breckenridge, CO Manhattan, KS Topeka, KS Minnetonka, MN Don Crumbaker Karen Graves Connie Hubbell Mel Kopf Fred Merrill Colby, KS St. Joseph, MO Topeka, KS Topeka, KS Mission, KS Ralph Currie III Dick Green Charles Hughes C.R. Krabbenhoft* Max Milbourn* Lexington, KY Manhattan, KS Manhattan, KS Indianapolis, IN Manhattan, KS Harry Darby* Mont Green Jr.* Graham Hunt Wayne Krehbiel Harry Miller* Kansas City, KS Manhattan, KS Shawnee Mission, KS Mount Vernon, IL Washington, DC Julie Davis Garth Grissom Donald Janes Paul Kuckelman* John Miller* Burr Ridge, IL Denver, CO Overland Park, KS Columbia, MO Topeka, KS

20 Kansas State University Foundation Annual Report 2004 years Lloyd Miller* Deana Paulsen-Bender Richard Rogers Hal Siegele Bob Tointon Topeka, KS Westwood Hills, KS Topeka, KS Houston, TX Greeley, CO L.D. Morgan V.E. Payer* Harvey Rogler* Garold Sigars* Colleen Van Nostran Goodland, KS Wichita, KS Emporia, KS St. Joseph, MO Manhattan, KS Patricia Morris Caroline Peine* Gary Rumsey Sam Sinderson Sr.* Jerry Vanier Girard, KS Manhattan, KS Mesa, AZ Kansas City, KS Paradise Valley, AZ Steve Morris Walter Peirce* Lorraine Ryan Bill Sinderson Dave Wagner Hugoton, KS Hutchinson, KS McCracken, KS Shawnee, KS Scottsdale, AZ Marjorie Morse* John Perrier Robert Sager* Clarence Skaggs Ray Walker Manhattan, KS Dodge City, KS Manhattan, KS Colorado Springs, CO Arlington Heights, IL Leon Mugler Robert Petro Sam Salmon Tom Skinner Gary Walter Clay Center, KS Topeka, KS Tucson, AZ Clay Center, KS Manhattan, KS J. Thomas Muir* Bruce Plankinton Sammy Samarrai Anna Smith* John Walters Manhattan, KS Breckenridge, CO Manhattan, KS Prague, OK Manhattan, KS Gary Mundhenke Sidney Platt Herbert Sandell* Lloyd Smith Inez Warnken* Hutchinson, KS Wichita, KS Manhattan, KS Newton, KS Hutchinson, KS Kenneth Murrow* Mary Pollom* Pat Sauble Roger Smith Robert Weary* Topeka, KS Manhattan, KS Cedar Point, KS Palm Desert, CA Junction City, KS Greg Musil Tom Potter David Schirmer Steven Smith Marlene Weaver Overland Park, KS Wichita, KS Holton, KS Sanibel, FL Iowa City, IA Jack Nedwed Richard Powell Bryon Schlosser Bob Soelter Larry Weigel Manhattan, KS Roswell, NM Topeka, KS Abilene, KS Manhattan, KS Bud Newell Marcelene Proffitt Sharon Schmaderer Morton Sosland Jo Ann Wellman* Lecompton, KS Hutchinson, KS Solomon, KS Kansas City, MO Manhattan, KS Marti Newell Hoyt Purcell Jr.* Mert Schwensen* Laverne Spears* Jack Weltsch Kansas City, MO Shawnee Mission, KS Clay Center, KS Topeka, KS Leawood, KS Agnes Nibarger Leo Quinlan* Gene Scott* R.H. Spencer* Merrill Werts Wichita, KS Colorado Springs, CO Shawnee Mission, KS Manhattan, KS Junction City, KS Bill Nibarger John Ransom A.J. Scribante Gerald Sprong Kip Williams Wichita, KS Topeka, KS Sanibel, FL St. Joseph, MO Manhattan, KS G.W. Nicholson* Terry Ray Richard Seaton* Jo Staffelbach Heinz Marc Williams McPherson, KS Jackson, WY Coffeyville, KS Dallas, TX Branson, MO Codgie Nicholson Bob Reed* Ed Seaton Thomas Staley* Barbara Wilson McPherson, KS Copeland, KS Manhattan, KS Kansas City, MO Manhattan, KS James North* Roger Reetz Ervin Segebrecht* William Stamey Jan Wilson Bella Vista AR Springfield, MO Leawood, KS Manhattan, KS Salina, KS David Ohse Bob Reinke Margaret Segebrecht Charles Steincamp* Byron Winans Topeka, KS Wichita, KS Leawood, KS Great Bend, KS Dodge City, KS Ken Olson* Ralph Reitz* Ben Sellers* Randy Stoecker Robert Wingert Abilene, KS Salina, KS Salina, KS Ames, IA Lenexa, KS Virginia Olson Cynthia Remboldt Marjorie Setter David Stofer Bill Woellhof* Wichita, KS Roswell GA Wichita, KS Leawood, KS Topeka, KS Vern Osborne Dick Renfro John Shaver Clifford Stone Laura Wolf St. George, KS Salina, KS Salina, KS El Dorado, KS New York, NY Liz Oswald Jay Reynolds* Jim Sheik Duane Stoskopf Lucile Wolf* Hutchinson, KS Council Grove, KS Bern, KS Scottsdale, AZ Casper, WY Jim Otto* James Richards Jr.* Ralph Sherman* Martha Streeter* Philip Woodward* Salina, KS Newport Beach, CA Silver Spring, MD Manhattan, KS Manhattan, KS Cruise Palmer Bill Richards Howard Sherwood Karl Stutterheim Irl Yeo* Shawnee Mission, KS Laguna Woods, CA Wichita, KS Salina, KS Meriden, KS Dorothy Palmquist* Bruce Roberts* Phil Shrack Sirjang Tandon Topeka, KS Salina, KS Iuka, KS Simi Valley, CA LeRoy Paslay* Keith Roberts Dennis Shurtz J.M. Thies Manalapan, FL Bonner Springs, KS City, KS Topeka, KS Jerry Patrick Donald Roepke Robert Siefkin Ansel Tobias* Leawood, KS Green Valley, AZ Tucson, AZ Lyons, KS

*Deceased

Annual Report 2004 Kansas State University Foundation 21 years Corporate and Foundation Partners

The following corporate and Foods Paramount Pump and Supplies Inc. foundation partners have supported Ford Motor Company Fund Payless ShoeSource Inc. Kansas State University with cash or Fred C. and Mary R. Koch Foundation Pfizer Foundation in-kind gifts of $20,000 or more during the 2004 fiscal year. G and B Tractor Boyz Pfizer Inc. General Electric Company/GE Fund Pikes Peak Community Foundation Amada America Incorporated George K. Baum Foundation Price Young Odle Horsch PA American Implement Inc. Hill’s Pet Nutrition Inc. PWMCO LLC Archer Daniels Midland Foundation Hi-Tech Interiors Inc. Ross Foundation Bayer Corporation HOK Inc. Rottinghaus Co. Inc. Bayer Stone Inc. IBM Inc. SBC Communications Inc. Bergens Sculpture Studio Intrust Bank Schering-Plough Foundation Blicks Inc. JCK Family Foundation Seismic Micro-Technology Inc. Burlington Northern Santa Fe Foundation Jellison Benevolent Society Inc. Sherwood Construction Co Inc. Cadence Design Systems Inc. John Deere Foundation Shrack Farms Cargill Inc. Kansas State Bank Sosland Foundation Carl M. and Ruth L. Coonrod Family Key Construction Inc. Spatial Corp. Foundation Koch Industries Inc. Sprint United Mgt. Company CAS Construction Inc. Kyodo Shiryo Co. LTD Stanion Wholesale Electric Co. Cereal Food Processors Inc. L.W. Baehr and Dolpha Baehr Steel and Pipe Supply Company Inc. Foundation Charitable Trust Cessna Foundation Inc. The Ayco Charitable Foundation Lonza Inc. Chevron Phillips Chemical Company The Boeing Company Luxfer Inc. ConocoPhillips The Dow Chemical Foundation Lyons Veterinary Clinic PA Coonrod and Associates Construction The Procter and Gamble Mfg. Co. Inc. Mark A. Chapman Foundation Company D.L. Smith Electrical Construction Inc. McCormick Tribune Foundation The Ross and Marianna Beach Foundation Dane G. Hansen Foundation McElroy’s Inc. The Schwab Fund for Charitable Giving Decatur County Feed Yard LLC McVay Foundation The Schwan Food Company Eula C. Voirol Trust Media Response Technology Inc. The Stolzer Family Foundation ExxonMobil Foundation Merial Limited The Sunderland Foundation Farrar Corporation Midwest Veterinary Services Inc. The Tointon Family Foundation FBL Financial Group Inc. Mistler Family Foundation The Toro Foundation FCI Constructors Inc. Morning Star Inc. Vanier Family Foundation Federal Express Mull Farm and Feeding Inc. Wildcat Construction Co. Inc. Fidelity Investments Charitable Gift ONEOK Foundation Foundation Winter Feed Yard Inc. Orthopaedic and Sports Medicine First Centralia Bancshares Inc. Center World Golf Foundation Inc.

22 Kansas State University Foundation Annual Report 2004 years ConocoPhillips: Prominent partner and patron It’s often said, “You’re known by the performance. We see our donations to company you keep.” The companies K-State and the scholarships we support with which K-State is associated are as investments in the future of those that make the university well- ConocoPhillips.” known and well-respected. Conoco- Volunteer leadership has been an Phillips is a company K-State considers additional critical resource for the col- to be a superior partner. leges of Engineering and Business With its emphasis on high-tech Advisory Councils at K-State. Numerous processes, it’s easy to understand why ConocoPhillips employees commit time ConocoPhillips takes a leading role in and expertise to guide the strategic direc- supporting academics. The industry tions for long-range planning and cur- giant provides an annual quarter-million riculum advancement. K-State adminis- dollar gift to K-State partially targeted trators, faculty and students directly for traditional engineering and business benefit from this partnership, as it is an scholarship programs. Additional sup- essential ingredient for preparing our port is now available for diversity and graduates for oil and gas industry leader- gender-equity programs, and new aca- ship. “We are pleased to be able to con- A 2001 K-State graduate, Jamie Kasparek was sent to Thailand to demic areas such as accounting, market- tribute financially to support K-State complete an internal audit there. ing and finance. “ConocoPhillips appre- but we also want to have an ongoing Jamie works in the ConocoPhillips ciates the K-State partnership,” said exchange of ideas and knowledge,” Houston office. Rand Berney, vice president and con- Berney said. “ConocoPhillips is proud to troller who serves alongside John Carrig, partner with K-State on all fronts.” employees worldwide and assets of executive vice president and chief finan- Headquartered in Houston, Texas, $93 billion. ConocoPhillips is known cial officer, as ConocoPhillips’ executive ConocoPhillips is the third largest inte- for its expertise in deepwater exploration contacts for K-State. “As a growing, grated energy company in the United and production, reservoir management innovative company, we are always look- States and the country’s largest refiner. and exploitation, 3-D seismic technol- ing for bright, young minds to help us ConocoPhillips operates in more than ogy, high-grade petroleum coke upgrad- move forward and raise the bar on our 40 countries with approximately 35,800 ing and sulfur removal.

John O’Hara, a 2004 K-State finance graduate and former student body president, works for ConocoPhillips while earning his MBA from University Rand Berney (third from left), vice president and controller for ConocoPhillips, presents of Warwick at Coventry, United a contribution to K-State’s (from left) Terry King, dean of the College of Engineering; Kingdom. Once he graduates, he will Bob Krause, vice president for institutional advancement; and Yar Ebadi, dean of the join ConocoPhillips’ internal audit group College of Business Administration. based in Houston, Texas.

Annual Report 2004 Kansas State University Foundation 23 years KSU Foundation Assets and Endowments

This chart shows the foundation’s total assets, which topped $319 million in fiscal year 2004. The bars in green indicate the portion of total assets that are permanent endowments, which are held in the Pooled Endowment Fund. The purple portion represents temporarily restricted assets which encompass donor-restricted expendable funds, quasi-endowed funds and unrestricted net assets (including the foundation building, university real estate fund and underwriting funds for the foundation and the university).

Donors made commitments totaling $70.9 million to the KSU In the case of trusts, donors make a contribution that the Foundation in fiscal year 2004. Of that total, $16.7 million foundation uses to establish a trust fund benefiting the donor. was committed by a pledge or documented by a future bequest The donor receives income from the trust for a set period of and has not yet been received by the foundation. $54.2 million years or for life. No money from the trust goes to the desig- was received in cash contributions, designated in this way: nated university purpose until the trust is terminated. The KSU Foundation transferred more than $38 million to $17.8 million in endowments K-State in fiscal year 2004. Most of this was provided by cur- $ 3.7 million in trusts rent year expendable contributions. The remainder came from $32.7 million in expendable contributions the annual investment return on endowed funds established in $54.2 prior years. These private dollars are crucial to sustaining a Endowment additions were made to both permanently margin of excellence at K-State, during a time when less than endowed and quasi-endowed funds. Gifts that are designated one-third of the university’s operating budget comes from state as permanent endowments are held in perpetuity. The gift is appropriations. invested and a portion of the annual investment return is used Private funds contributed through the KSU Foundation to support the purpose specified by the donor. The portion of provide program support, money for building projects, and the investment return that is available to support the fund’s student and faculty support through scholarships, loans and purpose is based on the foundation’s distribution policy, which stipends. During fiscal year 2004, gifts to the foundation estab- is set and reviewed annually by the Executive Committee. lished 94 new scholarships and four new faculty chairs and Quasi-endowed funds are managed like a permanent endow- professorships. ment but allow the university to utilize principal when needed.

24 Kansas State University Foundation Annual Report 2004 years Investments

The most significant policy change this Domestic equities 35.5% ...... fiscal year had little to do with actual investment policy and everything to do Alternative strategies 23.0% ...... with distribution policy. After years of supporting university programs by mak- Deflation hedge 15.9% ...... ing distributions from the endowment well in excess of peer institutions, the International equities 15.8% ...... Executive Committee concluded, given recent market conditions, that such an 9.8% ...... aggressive distribution policy could no Inflation hedge longer be sustained. A Distributions Task Force was appointed, which met several times and deliberated policy The Distributions Task Force recom- three-, five- and 10-year periods respec- modifications that might help accom- mended, and the Executive Committee tively. This compares very positively with plish the multiple endowment pool implemented for fiscal year 2005, a relative benchmark returns as the objectives of: revised distribution policy incorporating endowment exceeded the benchmark in • earning sufficient returns over the an inflation-adjusting formula to all but the one-year period, where it long term to maintain the purchasing increase annual distributions to compen- slightly underperformed by 0.43 per- power of the endowed accounts in sate for the prior year’s inflation. The cent. Compared to the NACUBO* uni- future years, which requires returning new distribution policy, when combined verse of universities, the endowment more than investment expenses plus dis- with the aggressively invested, volatility placed in the 17th percentile for one- tributions plus inflation, and which is dampening structure of the endowment year returns, 33rd for three-year returns, referred to as attaining intergenerational pool investments, should allow the 25th for five-year returns and the 62nd equity, and endowment pool to attain intergenera- percentile for the 10-year returns. This • providing stable, slightly increasing tional equity, given the economic and continues the trend of improving per- distributions to university budgets, insu- inflation expectations for the coming formance relative to all other reporting lating university programs from varia- decade. public and private universities. tions in endowment market values and Endowment returns at fiscal year-end *National Association of College and University maintaining their purchasing power. were: 18.51 percent, 4.13 percent, Business Officers 5.34 percent and 9.79 percent for one-,

Pooled Endowment Fund Investment Results (as of June 30, 2004)

Annual Five-year Distribution return average rate + CPI* 1995 13.17% 9.98% 10.54% 1996 14.75% 11.44% 10.25% 1997 20.89% 13.33% 9.80% 1998 12.90% 12.92% 8.93% 1999 7.88% 13.92% 8.96% 2000 16.27% 14.54% 10.73% 2001 -3.34% 10.92% 10.25% 2002 -4.27% 5.86% 8.07% 2003 .63% 3.28% 8.86% 2004 18.51% 5.20% 7.83% *To avoid diminishing the purchasing power of endowments for future generations, returns over time need to exceed the amount distributed plus the reductions in purchasing power caused by inflation, as measured by the Consumer Price Index.

Annual Report 2004 Kansas State University Foundation 25 years KANSAS STATE UNIVERSITY FOUNDATION Manhattan, Kansas Consolidated Statements of Financial Position For the year ended June 30 ASSETS 2004 2003 Cash and cash equivalents $40,005,259 $30,783,761 Short-term investments and certificates of deposit 3,437,449 2,822,002 Equity investments 115,552,052 95,662,219 Book value — $99,110,169 at June 30, 2004 Book value — $92,300,054 at June 30, 2003 Corporate and other fixed income 53,204,801 51,408,685 Book value — $52,839,862 at June 30, 2004 Book value — $49,241,751 at June 30, 2003 U.S. Government and government agency obligations 1,919,510 2,989,686 Book value — $1,798,064 at June 30, 2004 Book value — $2,635,128 at June 30, 2003 Real estate investments 11,237,931 10,790,123 Book value — $11,052,324 at June 30, 2004 Book value — $10,330,926 at June 30, 2003 Alternative strategies 43,017,957 32,937,141 Book value — $42,625,873 at June 30, 2004 Book value — $34,227,456 at June 30, 2003 Other securities and investments 4,725,619 49,079 Book value — $4,552,383 at June 30, 2004 Book value — $70,199 at June 30, 2003 Pledges receivable, net 6,699,569 10,445,516 Receivables from estates 1,339,850 2,908,650 Loans receivable 1,689,596 2,037,709 Real estate and other depreciable property 19,396,564 19,344,005 Accumulated depreciation (3,318,283) (3,222,402) Net real estate and other depreciable property — Golf Course 17,049,835 17,455,217 Cash surrender value of life insurance policies 2,126,013 1,769,399 Other assets and accrued income 1,125,831 1,094,597 TOTAL ASSETS $319,209,553 $279,275,387

LIABILITIES AND NET ASSETS Current Liabilities Accounts payable, deposits and other liabilities $897,601 $936,211 Accrued liabilities and line of credit 3,090,261 3,521,984 Assets held for others 2,688,967 2,626,605 Current obligations, unitrust and annuity liabilities 2,457,978 1,800,233 Total Current Liabilities $9,134,807 $8,885,033 Other Liabilities Unitrust and annuity liabilities, less current obligations $16,909,816 $13,912,754 Note payable — Nanoscale 1,972,277 2,045,747 Note payable — Printing Services 769,257 808,807 Bonds payable — Golf Course 7,725,000 7,925,000 Bonds payable — Educational and Agricultural Research Facility Rev Bonds 675,000 715,000 Total Other Liabilities $28,051,350 $25,407,308 TOTAL LIABILITIES $37,186,157 $34,292,341 Net Assets Unrestricted net assets (designated) $22,967,594 $18,656,507 Temporarily restricted net assets 77,034,223 71,142,899 Permanently restricted net assets 182,021,579 155,183,640 Total Net Assets $282,023,396 $244,983,046 TOTAL LIABILITIES AND NET ASSETS $319,209,553 $279,275,387

26 Kansas State University Foundation Annual Report 2004 years KANSAS STATE UNIVERSITY FOUNDATION Manhattan, Kansas Consolidated Statement of Activities For the year ended June 30

REVENUES, GAINS Temporarily Permanently AND OTHER SUPPORT Unrestricted Restricted Restricted 2004 Total 2003 Total

Contributions $453,508 $33,618,895 $8,758,641 $42,831,044 $38,079,023 Investment income (397,315) 4,740,818 1,276,546 5,620,049 5,335,174 Net realized and unrealized gains on asset transactions 9,666,331 2,581,544 17,138,333 29,386,208 948,465 Other support Operational service charges, management fees and other 2,688,590 2,688,590 2,182,830 Receipts for grants, research, supplies, travel and other university departmental activities and funding allotments, etc. 101,238 2,404,430 450 2,506,118 2,406,367 Actuarial gain/(loss) on unitrusts and annuities obligations 543,567 (460,665) 1,338,666 1,421,568 4,871,526 Net assets released from restrictions (304,638) 1,979,335 (1,674,697) Satisfaction of program restrictions 38,973,033 (38,973,033) Total Revenues, Gains and Other Support $51,724,314 $5,891,324 $26,837,939 $84,453,577 $53,823,385

EXPENSES AND SUPPORT Direct university support Scholarships and other student awards $6,928,496 $6,928,496 $7,735,102 Academic 6,049,465 6,049,465 4,596,259 Administrative — faculty and student support 18,133,312 18,133,312 17,838,362 Capital improvements 7,210,108 7,210,108 4,468,330 Investment — portfolio management 1,798,961 1,798,961 2,015,937 Investment — loan interest expense and write-off 899,277 899,277 589,784 KSUF administration 2,573,686 2,573,686 2,710,351 KSUF fundraising 3,819,922 3,819,922 4,088,042 Total Expenses and Support $47,413,227 $47,413,227 $44,042,167 CHANGE IN NET ASSETS $4,311,087 $5,891,324 $26,837,939 $37,040,350 $9,781,218 NET ASSETS AT BEGINNING OF YEAR 18,656,507 71,142,899 155,183,640 244,983,046 235,201,828

NET ASSETS AT END OF YEAR $22,967,594 $77,034,223 $182,021,579 $282,023,396 $244,983,046

The Consolidated Statements of Financial Position and the Consolidated Statements of Activities are excerpted from the Kansas State University Foundation’s 2004 financial statements, which were audited by Varney and Associates, CPAs, LLC. For a complete copy, please send a request to Controller, KSU Foundation, 2323 Anderson Ave., Ste. 500, Manhattan, KS 66502-2911.

Annual Report 2004 Kansas State University Foundation 27 years From the June 1954 K-Stater He has just made a gift to the K-State Development Fund

“Perfectly normal!” It’s perfectly normal to help one’s Alma Mater with an annual gift. No strain at all on the system!

PRODUCED BY THE COMMUNICATIONS DEPARTMENT OF THE KSU FOUNDATION Julie Lea, Vice President of Communications and Development Services Kim Zerfas, Communications Coordinator Joe Montgomery, Communications Writer/Webmaster PHOTOGRAPHS J&C Imaging/John LaBarge, KSU Photographic Services/Dan Donnert, K-State Alumni Association, University Archives, Royal Purple, Konza Prairie Biological Station/V. Wright

28 Kansas State University Foundation Annual Report 2004