UMF 08 AR Y 2 FINAL

2008 Annual Report University of Maine Foundation 2008 Annual Report University of Maine Foundation Terri Libby Dan Willett Sarah McPartland-Good Judy Round Amos Orcutt Danny Williams Tina Dowling Pam Shaw Kevin Frazier Nancy Chute W e Are the Foundation Dan Willett SarahMcPartland-Good Two Alumni Place, Orono, ME 04469-5792 207.581.5100 or 800.982.8503 100 Foden Road, Suite 303 West Building, South Portland, ME 04106 207.253.5172 or 800.449.2629 www.umainefoundation.org Dorothy Lord Hopkins'50 Agnes A. Walsh '41 Robert C. Haraden'49 & Adelaide C. Haraden Walter P. Stinson '68 & Ellen Greig Stinson'68Harry T. Treworgy'49 & Charlotte Harris Treworgy'49 Milton Victor'51 & Joan Vachon Victor '52 Leith R. Wadleigh '59 & Donna Wadleigh Linwoo A Message from the Board Chair and the President Contents Foundations play an increasingly important role in supporting higher education by providing the structure and efficiency needed to foster partnerships among public universities and private constituencies. 1 A Message from the Board Chair and President The University of Maine Foundation, like its partner the University of Maine Alumni Association, is a 2 We Are the Foundation separate nonprofit 501(c)(3) organization. It was incorporated in 1934 to provide a mechanism for private 3 Meet the Foundation individuals, corporations, and foundations to make gifts and bequests and other deferred giving arrange- ments to support the University of Maine. The structure of these independent organizations supports the 12 Meet Some of Our Benefactors mission of the University of Maine by effectively involving volunteers in ‘friendraising’ and fundraising 17 The Foundation At-a-Glance efforts, and creates within them a sense of pride, accomplishment and ownership—all critical elements to 18 Ways of Giving the success of our flagship University. The past year has been a turbulent one with wildly fluctuating financial markets, the housing crisis and 19 Endowment Funds Financial Review soaring oil prices. College and university endowments are being challenged by a proposed House 20 Statement of Financial Position June 30, 2008 amendment to the Higher Education Act that threatens an unprecedented intrusion into the financial 21 Statement of Activities for the Year Ended June 30, 2008 management, oversight and the autonomy of every institution of higher learning. 22 New Funds Established in FY ’08 Given these realities, the governing Board of Directors of the Foundation has placed particular emphasis on strategic planning and initiatives that include developing plans for managing growth and updating 27 Endowment Funds governance policies. Our goal is to insure that we are following best practices by adhering to a rigorous 37 Donors 2008 process of planning and evaluation. We are accountable to you, our donors, to insure your gift and your legacy are managed exactly as you have intended. 47 UMF Officers, Board of Directors, Members and Staff The University of Maine Foundation recognizes that its greatest asset is our donor’s trust. Especially in these difficult economic times, many worthy charitable organizations are in need of critical financial support. We are thankful that you continue to place your faith in us to achieve the end result, which is assuring that deserving students continue to have access to an outstanding education at the University of Maine. An African proverb says, “If you want to go fast, go alone. If you want to go far, go together.” Together we can continue to accomplish great things. As the Foundation begins its 75th year, we look forward to working with you to help open doors to opportunities students could otherwise only imagine. We, each and every one of us—alumni, friends, staff, students, and faculty—are the Foundation. John I. Simpson Amos E. Orcutt Chair President/CEO Danny Williams (front cover) directing the Black Bear Men’s Chorus. Photography: William Drake Except: front cover– Kathy Rice, page 16– Michael Mardosa (the Dearborns and Reg Bowden), and page 17–Maine Sports Report one We Are the Foundation. Meet the Foundation. This year, introductions are in order. We want you to know a bit more about us, Danny Williams (front cover) both inside the office and out. Presented here, along with some of our donors, are “My education as a music major at the University of Maine was an invaluable gift to my profiles of the people at the Foundation. Our group of ten could be considered relatively small, considering the scope of our mission, but the life,” says Danny Williams, the Foundation’s newest planned giving officer. record shows that we work well together. Danny finds his work a harmonious blend between his love of music and his enjoyment Our size lends itself to more personable interactions with our supporters, to a familiarity that allows the use of first names—in general, to openness. We consider that an essential part of our work. These of working with people, many of whom are great supporters of the performing arts at days, many philanthropic organizations and charities have come under criticism for reasons that range from ineffectiveness to lack of accountability. Transparency has become a watchword, with close UMaine. Outside the office he serves as director of the Black Bear Men’s Chorus, chair scrutiny given to how well non-profits are keeping promises made to their benefactors. of the UMaine Patrons of the Arts, and as a member of the Collins Center for the Arts At the Foundation we value relationships. We remain positive, focused, and accountable. We are firmly committed to assisting the University in keeping education affordable for deserving students through Advisory Board. scholarships, and to assist in the development of the University by encouraging gifts and bequests in support of faculty instructional and research efforts. Our belief is that the greater you understand the “We have a healthy cycle at the Foundation. UMaine is where many of us received Foundation, the greater the benefit for our mutual concern—the University of Maine. our education and developed our career skills. It’s a privilege to help others give As always, thank you for your support and your trust. back to the University so that the next generation can succeed.” two three Dennis Rezendes '57 & Jacqueline B. Rezendes Gilbert C. LeClair '52 & Carol R. LeClair Adam B. Fineberg Class of 1940 Roger D. Gould Meet the Foundation. '52 Patricia Kittredge Hagan '61 Raymond L. Huang '45 & Florinda F. Huang Charles F. Michaud '63 & Valeda Raymond Michaud '62 Joellen Anderson '59 Anne L. Beechler Diane E. Hitchings '75 Yoriko McClure Darryl N. Brown '66 & Penny Brown Robert D. Buchanan '44 & Pearlee Buchanan '44H Thomas P. Laskey '53 Constance King Barnes '43 Mark A. Letendre '78 & Judy Lyn Letendre Sarah McPartland-Good started with the Foundation over ten years ago as a We are planned giving officer and became our director of planned giving July 1st. She was Foundationthe previously a civil litigator with a Bangor law firm. During that time Sarah served as a guardian ad litem for patients at the Dorothea Dix Psychiatric Center (formerly the Bangor Mental Health Institute). For the past several years, Sarah has been a volunteer birthday cake baker at the DDPC. Established 30 years ago, the Birthday Cake Program ensures that every patient has a birthday celebration—complete with a special cake baked by the volunteers. This is especially significant because many of the patients have no family in their lives to share special occasions. Sarah brings that same kind of compassion and commitment to her planned giving work, providing outstanding professional service with that special personal touch. “Working with our donors to create opportunities for students is incredibly rewarding,” says Sarah. Sarah McPartland-Good presenting a birthday cake to the director of the Dorothea Dix Pyschiatric Center Volunteer Office four five Kathryn Morris Andrews '51 Kenneth A. Murray '68 & Jill A. Peck-Murray Daniel D. Churchill '63 & Betty Churchill Lloyd H. Elliott Meet the Foundation. '62 & Betty Elliott '62H William J. Baxter Pauline Davee Hitchings '39 Richard K. Babcock '59 & Fadelma Babcock Richard R. Collins '59 & Anne Adams Collins '61 Lloyd H. Holmes & Janet C. Holmes Ronald E. Leathers '53 Gordon I. Erikson Sr.'43 & Dorothy Brewer Erikson '42 David W. Fox '52 & Jeanette Bishop Fox '54 Dana B. Dolloff ’63 & Sarah Dolloff Reginald B. Bowden'55 Class of 1950 Dan Willett joined the Foundation in 2001 as a planned giving officer after a number of years in the corporate world. A former member of the Foundation We are Foundationthe Board of Directors, he served as chair from 1995 to 1996. He is involved with a number of civic organizations and is chair of the Gorham Savings Bank Board of Trustees. Dan was recently honored with the Camp Susan Curtis Friendship Award for his volunteerism, particularly his efforts in the opening of the camp’s Art Education Center at Hewnoaks Volk Family Center property bequeathed in 2006 to the Foundation. Dan says, “I love meeting and working with good people. This job allows me to do this daily. Many of the alumni and friends of the University I work with have become good friends, as well.” Dan Willett at Hewnoaks with Pat Carson and UMaine student counselors six seven Brian W. Gaine '95 William H. Lambert '58 & Elia Lambert Richard L. Newdick'53 Robert W. Ramsdell '49 & Marjory D. Ramsdell Herbert Meet the Foundation. M. Ray '60 & Irene F. Ray Russell S. Bodwell '44 & Barbara Higgins Bodwell '45 Elaine M.Albright '68 Ellen J. Loring Darryl N. Brown'66 & Penny Brown Class of 1952 Dana C. Devoe '56 & Mary Ann Devoe Steven E. Bonville '69 & Jane Survant Bonville '70 Thomas W. Savage '68 & Sally Boynton Savage Robert E. Anderson'60 & Jeanette B.

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