Annual Donor Report
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ANNUAL DONOR REPORT 2008 CONTENTS Letter from P. George Benson 2 President of the College of Charleston TABLE OF TABLE Letter from George P. Watt Jr. 3 Executive Vice President, Institutional Advancement Executive Director, College of Charleston Foundation TABLE OF CONTENTS By the Numbers 4 How our donors gave to the College Year at a Glance 6 Campus highlights from the 2008-2009 school year 12 1770 Society Cistern Society 14 Donors who give through their estates and other planned gifts Getting Involved visit us online: ia.cofc.edu 15 How volunteers can help make a difference 17 List of Donors Printed on acid free paper with 30% post-consumer recycled fiber. 48 Contact Us COLLEGE OF CHARLESTON ANNUAL DONOR REPORT 2008 1 TO OUR COLLEGE OF CHARLESTON COMMUNITY: lose your eyes for a moment and conjure mental images of your favorite campus settings at the College of Charleston: the Cistern Yard, Glebe CStreet, Fraternity Row on Wentworth Street, the Sottile House. … Now imagine the campus abuzz with an intellectual fervor as strong as the campus is beautiful. Imagine this energy touches every student, professor and employee at the College, and inspires every visitor. “We will become an In short, imagine the College of Charleston as a first-class national university. economic and social force Open your eyes, and you’ll see the College is nearly there: Today’s College is home to unparalleled programs in the arts, marine sciences, urban planning, on the East Coast and foster historic preservation and hospitality and tourism management, among others. It boasts signature assets that include Grice Marine Laboratory, Carolina First Arena, a healthy balance between Dixie Plantation and Addlestone Library. teaching and scholarship.” As we strive to make the College of Charleston one of the nation’s top liberal arts and sciences universities, we will continue to refine these pockets of excellence and we will develop other strengths by drawing on the College’s one- of-a-kind location and history. We will become an economic and social force on the East Coast and foster a healthy balance between teaching and scholarship. Our faculty will be thought leaders in the world, and our students will enjoy the advantages of a unique, personalized education. To accomplish these goals, we are crafting a strategic plan for the College. This plan includes a new financial model that will generate a more reliable source of operating funds and, hopefully, inspire our supporters and alumni to increase their gifts. Gifts allow us to grow, and donors enable us to establish a margin of excellence that can make the College of Charleston one of the world’s great universities. This is where you and the College of Charleston Foundation make a real difference. Your past support has been invaluable, and I urge you to continue your support of the College as it begins a new chapter in its history. This will be an exciting journey, and you play a critical part in the College of Charleston realizing its great potential. Sincerely, P. George Benson President 2 ANNUAL DONOR REPORT 2008 COLLEGE OF CHARLESTON TO OUR ALUMNI, PARENTS AND MANY FRIENDS: uffice it to say this past year has presented extraordinary financial challenges to the entire Shigher education sector. Our campus is not immune. However, in times of economic duress the true mettle of the College of Charleston and its supporters is revealed. Thank you for your continued support of the College, and for making an impact in all areas of academic excellence. “The College of Charleston is In good times, and especially in not so good times, careful preparing a new strategic plan, stewardship of your gifts is critical. Each and every gift to the College is important. We’ve prepared this annual donor drawing on the College’s many report with you and your gifts in mind. Under President P. George Benson’s leadership, the College attributes to make the school the of Charleston is preparing a new strategic plan, drawing on the first choice of exceptional students.” College’s many impressive attributes to make the school the first choice of exceptional students. As President Benson says, “We have the talent and creativity to collectively construct an impressive and imaginative agenda for the College’s growth and improvement over the next decade.” Let me again thank each of you for your generosity. The College has weathered previous storms, and I am confident we will emerge from this one even stronger than we were before. On behalf of our 11,300 students, our 864 faculty members and especially those of us responsible for stewarding and guiding the College’s future, “Thank you for all that you do for the College of Charleston!” And, we thank you in advance for what you will continue to do. With very best regards, George P. Watt Jr. Pictured here: President Benson, Katie Heath ‘08, George Watt, Susan Heath, AJ Heath, Cathy Mahon ‘80 Executive Vice President, Institutional Advancement Executive Director, College of Charleston Foundation COLLEGE OF CHARLESTON ANNUAL DONOR REPORT 2008 3 YEAR IN REVIEW NUMBERS January 1, 2008 – December 31, 2008 MILLIONS BY THE Total Assets $66.4 Investments $40.1 Under Management Contributions $6.0 Unrestricted $0.9 Cash Receipts Foundation Support $7.7 Provided to the College Alumni and parents provided 70 percent of all gifts given to the College of Charleston. he College of Charleston Foundation public-private partnerships must be strengthened GIVING BY CONSTITUENCY is grateful to the individuals and through your support. State funding provides the Torganizations who generously support means for a basic education, and private support the College. Private support comes in the turns a basic education into an exceptional one. Parents form of annual gifts, gifts to the endowment, What do private gifts accomplish at the 20% capital gifts and life income and estate gifts. College of Charleston? Private gifts fund Alumni 50% Alumni and parents provided 70 percent of all academic opportunities and enhancements that gifts given to the College of Charleston. Along advance the College. Generous alumni and friends with alumni and parents, many corporations, make gifts to fund faculty chairs, professorships foundations and organizations invested in the and awards that enable the College to recruit and College and its mission through grants, matching retain outstanding teacher-scholars. Private gifts Friends gifts and outright donations. This broad donor also provide students with scholarship support. 24% base represents a strong culture of philanthropy in Donors have contributed to funds that launch new support of the strategic initiatives of the College. programs of study and enhance established ones, The College of Charleston is focused on as well as renovate older facilities and provide the affordability and accessibility. Though the College financial means for new construction. receives part of its total budget from the state of Thank you for your support this year, and Corporations Organizations 4% 1% South Carolina, in order to advance the College, every year. Foundations 1% 4 ANNUAL DONOR REPORT 2008 COLLEGE OF CHARLESTON BY THE NUMBERS COLLEGE OF CHARLESTON FUND Unrestricted Allocation 2008 COLLEGE OF CHARLESTON BOARDS he purpose of the College’s many boards varies in mission and scope, ranging from Cougar Call Center – Alumni Programs Student Salaries/ and Services the promotion of academic programs, research, student development and faculty Work Study 9% development, to the governance of the institution. All the members of these boards 9% T Life Insurance play a vital role in the life and health of the College, and we thank these board members for for Faculty/Staff their time and dedication. 7% Other Campus Board of Trustees Program Support 16% Donald Belk De m etria Noisette James Hightower ’82 Lee Mikell ’84 Gregory Padgett ’79 J. Philip Bell Clemons ’75 William Johnson Lawrence Miller Sam Stafford III ’68 Scholarships John Busch ’85 L. Cherry Daniel ’75 Marie Land Annaliza Oehmig Joseph Thompson Jr. ’74 59% Frank Gadsden ’80 Robert Marlowe ‘71 Moorhead ’92 John Wood Jr. ’83 College of Charleston Foundation Board Renee Anderson Robert Freeman ’78 Edward Legasey Hellene Runtagh Sharon Toporek Peggy Gunter Boykin ’81 Stan Gibson Benedict Marino Keith Sauls ’90 Nadine Orsoff Vogel ’85 Glen Brown Jr. ’76 Kenneth Gustafson ’75 Mark Michel ’91 Hilton Smith Jr. Charles Way Jr. Ted Creech David Hay ’81 John Powell George Spaulding Neil Draisin ’65 Tapley O. Johnson Jr. Ren ee Buyck Steve Swanson ’89 Dayna Elliott Sharon Brock Kingman ’80 Romberger ’81 John Tiller ’84 GIVING BY TYPE Alumni Association Board Unrestricted Sherlonda Adkins ’99 Susanne Cantey ’99 Jessica Fuller ’09 Robert Marion ’87 Katie Pohlman ’03 17% Charles Baker III ’80 Stewart Carter III ’84 Darryl Fyall ’01 H. Chapman McKay ’86 Jermel President ’03 Michael Beal ’81 Scott Cracraft ’83 David Hay ’81 Beth Meredith ’97 Charles Rackley ’65 Brett Bluestein ’97 Georgia Darby ’85 Bru cie Howe Steven Mikell ’78 Daniel Ravenel ’72 William Brown Jr. ’76 C.D. Eakes Jr. ’05 Hendricks ’83 Joe Nicholson ’87 Jane Riley ’72 Middleton Burke ’94 Margaret Frierson ’85 Karen Jones ’74 Richard Pierce ’01 Randell Stoney Jr. ’74 Current Restricted 49% Cougar Club Board Endowment 34% Vince Benigni Brian Connolly ‘01 JJ Lamberson ‘93 Pete Paulatos ‘95 Kitty Rentiers ‘51 Brett Bluestein ‘97 Melanie Floyd Judy Linder ‘77 Brud Peeples Caroline West ‘93 Remley Campbell ‘71 Kelli Garrett ‘89 Mark Michel ‘91 Richard Pierce ‘01 Tomi Youngblood Bill Carswell ‘81 Tom Hallberg Valerie Morris Jermel President ‘03 Cheryl Woods-Flowers ‘81 Kathleen Cartland Katy Hufnagle Biemann Othersen ‘50 Kathy Rackley ‘69 Rodney Conner ‘97 Danny Kendall ‘98 Megan Owen Jim Redfern As of December 31, 2008 COLLEGE OF CHARLESTON ANNUAL DONOR REPORT 2008 5 YEaR at A LaN G Ce YEAR AT A GLANCE Once again, in 2008, students, faculty, staff and the College of Charleston itself received national and international recognition and attention.