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A PUBLICATION OF THE UNIVersIT Y OF VermONT FOUNDATION Philanthropy Surges in 2014 ontinuing a promising trend, the University of Vermont Foundation SUMMER 2014 set new records for fundraising on behalf of the university during fiscal 2014, surpassing previous milestones for both commitments and STEM Initiative 4 receipts from donors. Endowed Professorships 6 New fundraising commitments exceeded $55 million for the first time in UVM Whitcomb Scholarships Awarded 8 history. Total commitments to UVM reached $55,248,575 as of June 30, 2014, Cohen Gift for New Art Space 9 compared with $44,523,540 in the same period a year ago, an increase of 24 percent. The previous record of $45,067,395 was set in FY12. Commitments include new gifts, new pledges, and new bequests documented during the year. Total receipts for the same period also reached a new record—$37,119,156 compared with the previous high of $37,003,059 set a year $5 Million Gift For Billings, Alumni House ago. Receipts include new gifts, payments on For Jack Silver ’64, the path to giving back to the University of Vermont started when current and prior years’ pledges, and realized he began his freshman year in the fall of 1960. John F. Kennedy was about to be elected bequests. Meanwhile, online giving reached president and Silver was a young man from New York City who arrived in Burlington a record high of $656,000 in receipts for the looking for some direction in life. year, a 12 percent increase over FY13. What unfolded over the next four years would help to lead Silver to a highly successful “This was another outstanding year for investment career—and, eventually, the decision this year to make a dramatic $5 million donation to his alma mater. The gift will help to fund restoration of the Billings Library philanthropy that benefits the University of and renovation of UVM’s first Alumni House—two critical components of expansion for Vermont,” said UVM Foundation president University of Vermont President Tom Sullivan. continued on page 3 continued on page 3 GROWING SUPPORT FOR UVM $60 n Receipts million n COmmitments $50 million $40 million $30 million $20 million $10 million FY2011 FY2012 FY2013 FY2014 Shirley and Jack Silver with President Tom Sullivan FundRaising continued from page 1 OUR MIssION Donors Do It Again and CEO Richard Bundy. “Over the three and a half years the UVM Foundation has BOARD UPDATES The mission of the UVM Foundation is to been in existence, our donors have consistently demonstrated that they support the Two new members have been elected secure and manage private support for the It was a banner year for the UVM Foundation. As you can university and understand the profound impact private gifts have on the ongoing to serve three-year terms on the benefit of the University of Vermont. see from this issue’s cover story, commitments this year strength and vitality of this truly exceptional institution.” Foundation Board of Directors, David totaled more than $55 million—the highest in the university’s Haas ’63 of Pound Ridge, N.Y. and OUR VISION history! This also marks the third year in a row that donors Among the more than $55 million in new commitments, $10.3 million was given for Mary Ellen “Meg” Guzewicz ‘73 of The vision of the UVM Foundation is to foster student scholarship support, $7.4 million for endowed chairs and professorships, $9.3 Westport, Conn. Mr. Haas, principal of relationships with alumni and donors that have elevated philanthropic support for UVM to new levels. DRH Associates and a private investor maximize their personal and philanthropic million for facilities, and $28 million for support of academic and other programs. and consultant, earned a Bachelor of investment in the University of Vermont, These numbers are impressive and we are grateful for this Nearly the entire total—$53 million of the $55.25 million—was restricted by donors toward the realization of the University’s extraordinary generosity, but numbers don’t tell the true story of philanthropy’s for specific purposes. Of the $55 million total, $21,991,660 were commitments to the Science in Economics from UVM and currently serves on the UVM Business aspiration to remain among the nation’s impact on our campus. Our donors do. Once again they have heeded the call of College of Medicine—also a new record. School’s Board of Advisors. Ms. Guzewicz, premier small research institutions. President Tom Sullivan to invest in access, affordability, and an excellent UVM The $10.3 million contributed to student scholarships—a 35 percent increase over last a senior vice president at Iridian BOARD OF DIRECTORS experience for our more than 12,000 students. year’s $7.6 million—supports UVM President Tom Sullivan’s top strategic priority of Asset Management, has served as the John A. Hilton, Jr. ’68, New York, NY president of the UVM Alumni Association Chair keeping a UVM education financially accessible and affordable for students. He has also This year donors have helped to endow a total of 22 new faculty professorships Board of Directors, on the New York stressed the importance of attracting and retaining outstanding faculty, an aspiration James R. Keller ’72, Gig Harbor, WA and chairs, all of whom were honored at a special “Investiture” ceremony this Regional Board, and currently serves Vice Chair spring that you can read about in this issue of Impact. These new positions bring advanced by the 22 new endowed faculty positions created by donors in fiscal 2014. There on the Alumni House Committee. She Robert P. Brennan, Jr. ’83, Chappaqua, NY were 52 endowed faculty positions at UVM earned a Bachelor of Arts in History from Treasurer the number of endowed faculty campus-wide to 88. These endowments give UVM the resources to recruit and retain the very best teachers and researchers “Passing the $55 million mark in when Sullivan became president, and he UVM and an M.B.A. from Pace University. Scott S. Segal ’77, Charleston, WV has made doubling that number by Secretary whose work elevates the level of academic rigor in immeasurable ways on our our annual fundraising efforts is 2019 a priority for the university and the The UVM Foundation would like to thank Eugene W. Kalkin ’50, Bernardsville, NJ campus and beyond. departing Board member, William F. Chair Emeritus truly a significant milestone for foundation. There are currently 88 endowed the University of Vermont. This professorships and chairs at UVM. Ruprecht ‘80 of Greenwich, Conn. for Support from our donors also helped to advance three significant capital projects his service. A founding member of the Richard Ader ’63, New York, NY —all renovations of iconic historic structures that will benefit generations of level of support signifies that Board and the Governance Committee, Max G. Ansbacher ’57, New York, NY Of the $9.3 million devoted to facilities students, staff, faculty, and alumni for years to come: Mr. Ruprecht has also served on the UVM O. Richard Bundy, South Burlington, VT our donors are solidly committed projects, $5 million was contributed by Board of Trustees. ex officio to UVM’s strategic direction and alumnus Jack Silver ’64 and his wife, Daniel A. Burack ’55, Harrison, NY • the long-dreamed of UVM Alumni House at 61 Summit Street Shirley, for the renovation of the Billings J. Brooks Buxton ’56, Jericho, VT • Billings Library, which will house the Jack and Shirley Silver Special priorities, which are tightly Library and the Alumni House. An Michele Resnick Cohen ’72, New York, NY Collections Library focused on academic excellence, additional $2 million gift from alumna SilveR continued from page 1 Steven Grossman ’61, New York, NY • the Taft School on South Williams Street, which will be converted into studio Michele Resnick Cohen ’72 and her student success, and providing an “What happened at the university is I Zachary Gund ’93, Concord, MA space for our Art & Art History Department husband, Martin Cohen, will be used to exceptional student experience.” became interested in learning. Since Mary Ellen “Meg” Guzewicz ‘73, Westport, CT expand facilities dedicated to the visual UVM is thriving thanks to these gifts—and thousands of others—from donors that point in time I have been motivated David Haas ’63, Pound Ridge, NY —Tom Sullivan, UVM President arts at UVM. to achieve,’’ says Silver, who earned an just like you. As we conclude our fiscal year and embark on the next, my Stephen N. Ifshin ’58, New York, NY accounting degree from UVM and who Deborah McAneny ‘81, Southborough, MA colleagues and I want to take this opportunity to once again thank you for your More than half of total commitments—$28,185,991—was directed toward support for will return for his 50th reunion this coming ex officio investment in UVM’s bright future. Donor support is moving UVM in powerful individual programs or research projects across the university, including the College of October. “The university was very much a Donald H. McCree, III ’83, Rye, NY ways, and we couldn’t be more grateful. Medicine, Vermont Cancer Center, Gund Institute for Ecological Economics, Lake part of that.” Pamela Gillman McDermott ’73, Hingham, MA Champlain research, Fleming Museum, UVM Extension, and UVM Athletics. Best wishes for the remaining days of summer. We hope that you have been able to Karen Nystrom Meyer ’70, Colchester, VT Silver, along with his wife Shirley, spend time here in the Green Mountain State! About half of the university’s 21,000 donors were alumni of the university. announced the $5 million donation at Kristina M.

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