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287636 WVU Alumni (LPEF Annual Report)

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287636 WVU Alumni (LPEF Annual Report) 2017 ANNUAL REPORT WVU Alumni Association’s Loyalty Permanent Endowment Fund The Loyalty Permanent Endowment Fund of the West Virginia University Alumni Association Dedicates This Year’s Annual Report to our Dear Friend Stephen L. Douglas $7,750,000 $7,500,000 $7,250,000 80TH ANNUAL REPORT $7,000,000 $6,750,000 THE $6,500,000 LOYALTY PERMANENT $6,250,000 ENDOWMENT FUND $6,000,000 OF THE $5,750,000 WEST VIRGINIA UNIVERSITY $5,500,000 ALUMNI ASSOCIATION $5,250,000 “CONTRIBUTIONS GIVEN WITHOUT SOLICITATION” $5,000,000 $4,750,000 Graph illustrates growth of Fund since it’s founding. $4,500,000 $4,250,000 As of March 31, 2017 Total Contributions $4,000,000 amounted to $3,750,000 $9,525,159.22 $3,500,000 TOTAL ASSETS $3,250,000 $12,891,347.45 $3,000,000 $2,750,000 $3,000,000 $2,500,000 $2,000,000 $2,250,000 $1,250,000 $2,000,000 $1,000,000 $1,750,000 $ 750,000 $1,500,000 $ 500,000 $1,250,000 $ 250,000 $1,000,000 $ 750,000 $ 0 YEAR 38 40 45 50 55 60 65 69 70 75 80 85 90 $ 500,000 YEAR 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 STEVE DOUGLAS Gone from us that smiling face, The cheerful pleasant ways. The heart that won so many friends In bygone happy days. A life made beautiful by kindly deeds. A helping hand for others’ needs. To a beautiful life, comes a happy end He died as he lived, Everyone’s friend. Stephen L. Douglas, President and Chief Executive Officer of the in every area- husband, father, friend, and career. His leadership West Virginia University Alumni Association, peacefully went and vision have resulted in unprecedented growth which included to heaven on May 19, 2016, after a most courageous battle with the building of a New Erickson Alumni Center on the Evansdale cancer. His positive attitude in dealing with his fight against Campus. He was scheduled to retire on December 31, 2016. the disease served as an inspiration to WVU alumni and friends Douglas was committed to furthering the cause of alumni relations worldwide. After he was diagnosed, he would get up every on both a state and national level. He served as chairman of the morning and say, “Today, I want to be a cup of strength for a Big East Conference Alumni Professional Organization. He was a suffering soul.” He was recognized as the inspirational patient of founding member and first president of the West Virginia Alumni the year by the Mary Babb Randolph Cancer Center in April, 2015. Directors Association which is comprised of all public and private From the beginning of his journey until the end he never questioned institutions in West Virginia. He also served as a regional trustee why, complained, faltered, or broke down. for the Council of Advancement and Support of Education (CASE), Steve was always proud of his heritage and reminded people that and was a charter member of the Council of Alumni Association he was a seventh generation West Virginian. In 1969, he met Executives (CAAE). his best friend and soul mate, the former Sandra Jean Auvil (MS CPASS recognized him as their Outstanding Alumnus and inducted 80’). He was an outstanding father to their two children, Ashley him into their Hall of Fame. Recently he was chosen as Most Tara Douglas and Clark Stephen Douglas. He could not have Loyal Mountaineer and Most Distinguished West Virginian. He been prouder of their accomplishments and that both are WVU was a life member of the WVU Alumni Association and was a graduates. member of Mountain, ranking WVU honorary. He was a 1970 graduate of Roosevelt-Wilson High School, Steve’s life was surrounded by love, faith, friends, and family. Nutter Fort, WV. He earned both his bachelor’s and master’s He was a man of distinguished personal accomplishment and degrees from WVU and was a graduate assistant in the sports remarkable grace. Over the years he shared with us the gifts of information office. After graduation, he was named Director of laughter, compassion, wisdom, and unconditional love. Public Information at Alderson-Broaddus University in Philippi and was later hired as Director of College Relations at West Virginia There is honor in a well-lived life and there is healing in Wesleyan University in Buckhannon. remembering. It is with love, admiration, and deeply felt gratitude that he will live in each of our hearts forever. To those of us who He returned to his alma mater in 1982 as Associate Director of the are left behind to celebrate his life and fill the emptiness within us, WVU Alumni Association until 1988 when he was named President we can honor Steve’s memory in 2 ways: and CEO. He was honored and humbled to have been selected as only the seventh alumni director in an organization that was 1. Every morning when you rise, say to yourself, that you want to founded more than 140 years ago. He summed up his over 30 years be a cup of strength for a suffering soul, and with the association with these words: “One man has enthusiasm 2. In continuing with his love of WV and his true mountaineer for 30 minutes, another for 30 days, but it is the man who has it for spirit, think of him every time you hear the cheer Steve could so over 30 years who makes a success of his life”. He was a success often be heard chanting, let’s go mountaineers!!! 1 Dear Contributors: As we celebrate this 80th year of the Loyalty Permanent Endowment Fund (the “LPE Fund”), it is only fitting that we dedicate this issue in memory of Stephen L. Douglas who died on May 19, 2016. Our dedication section of this Annual Report was prepared by his widow, Sandra Jean Douglas, and we hope you will find it a fitting tribute to our friend who served West Virginia University and the Alumni Association with dedication and enthusiasm for over 30 years. As with past years, this Annual Report contains a list of all contributions made to the LPE Fund during the fiscal year, details on the investments held in the Trust Fund as of March 31, 2017, and the list of students awarded scholarships this past academic year. The LPE Fund ended the March 31, 2017 fiscal year with a market value of $12,891,347.45 compared to the March 31, 2016 market value of $12,230,867.62. For the fiscal year, the LPE Fund received contributions of $131,740.27, income of $277,888.36, incurred expenses of $76,899.68 and made distributions of $645,999.96. The blended rate of return for the LPE Fund was 10.09%. The Trust Committee is pleased to announce that 415 students from throughout West Virginia received scholarships from the LPE Fund during the most recent academic year. The same approximate number of scholarships will be available through the LPE Fund this coming year. During the past year, the Fund continued to support the West Virginia University Scholars Program. The Trust Committee recognizes that higher education is the key to the future of our State and is proud to be a part of this Scholars Program at WVU. The Trustees have agreed to continue to provide scholarships for West Virginia high school Valedictorians, or the school’s highest academic scholar, who enroll at West Virginia University’s Main Campus. This past year the LPE Fund provided scholarships for 250 high school Valedictorians. The Trustees have also agreed to provide scholarships for 20 West Virginia high school Student Body Presidents in support of the Mountaineer Parents Club. In the first year of the LPE Fund, the Fund received approximately $2,600 from 86 contributors. According to Annual Report records, the first WVU student to receive scholarship assistance was Bruce G. Erickson of Clarksburg, West Virginia, a College of Engineering student, in the amount of $40.00 in the 1941-1942 academic year. Since then in excess of 4,000 students have received assistance from the LPE Fund to attend West Virginia University. The LPE Fund achieved a new milestone this year by crossing the $13,000,000 threshold in May of this year. We anticipate celebrating the 80th Anniversary with an Anniversary Dinner in the Fall of 2017 in Charleston, West Virginia, among other events. The LPE Fund has also undertaken the sponsorship of the Annual WVU Alumni Association Golf Tournament, one of the oldest in the State of West Virginia, and through the leadership of David Hendrickson, this event has become a signature fundraising event for the LPE Fund. This past year the golf tournament raised over $21,000 in scholarship funds for the LPE Fund and created two new separate scholarships. As public funds for support of the University from the State of West Virginia and other federal sources decline, it is becoming more critical to grow the resources of private support for the University and the students at WVU. We thank you very much for your contributions this past year and over the many years that you have supported the LPE Fund. Respectfully submitted, TRUST COMMITTEE OF THE LOYALTY PERMANENT ENDOWMENT FUND James C. Gardill, Chairman The Honorable Irene C. Berger, Member David K. Hendrickson, Member Kevin B. Berry, Secretary March 31, 2017 2 Morgantown, WV, March 31, 2016 4104 Mr.
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