WABASH COLLEGE 2005-2006 Honor Roll of Donors From the President From the Dean for Advancement Privacy Statement From the Chief Financial Officer Financial Statement From the Chairman of the 1832 Society Edmund O. Hovey Circle Frank H. Sparks Circle Elihu W. Baldwin Circle Byron K. Trippet Circle Caleb Mills Circle From the Chairman of the Wabash College Annual Fund Old Wabash Club Scarlet Flag Club Little Giant Club From the Director of Alumni & Parent Relations Class Agents Top Classes Alumni Giving by Class Annual Fund Benchmarks Other Giving Groups 25 of More Consecutive Years of Giving Honor Gifts Kane Society Matching Gifts President's Club Memorial Gifts Corporations Other Organizations Faculty and Staff Parents Foundations Trusts and Bequests Friends From the Coordinator of Volunteer Services National Association of Wabash Men Sons of Wabash NAWM Board of Directors Strategic Planning Volunteers NAWM Regional Leadership Student Life Admissions Teaching and Learning Alumni Affairs Varsity Sports Career Services Wabash Magazine Editorial Advisory Board Community Wabash Magazine Volunteer Contributors Fundraising Board of Trustees Lilly Grant Presidential Inaugurations Honor Roll 2005-2006 Dear Alumni, Parents, and Friends: The 2005-06 honor roll reflects your generosity of gifts dollars, time, and talent. When Wabash asks for your help, your enthusiastic response is unwavering in support of programs such as immersion trips; scholarships; and funds for the fraternity partnership campaign. In addition, time spent at W Nights, summer internship panels, and WABASH Day in communities is just as important in making Wabash the truly great college that it is. The Honor Roll of Donors and Volunteers recognizes you who make it possible for our young men to earn a remarkable liberal arts education. Students are the center of the College, the reason we are all here at Wabash and the reason we rely on your help offer young men a remarkable opportunity to gain a liberal arts education. Wabash’s mission to educate men to think critically, act responsibly, lead effectively, and live humanely is reflected time and again by your generous support. On behalf of the students, faculty, and staff of the Wabash, I thank you. Sincerely, Patrick E. White President Dear Alumni, Parents, and Friends of Wabash College: Welcome to the 2005-2006 Honor Roll of Donors and Volunteers. Your gift places you in special company among those who have invested in Wabash’s mission of educating men to think critically, act responsibly, lead effectively, and live humanely. In many ways, Wabash College has never been better. For the fifth consecutive year we received over 1,300 applications for admission. Our endowment remains one of the largest per- student endowments in American higher education. Our students enjoy state-of-the-art academic, residential, and recreational facilities. They participate in innovative and interactive programs outside the classroom. We continue to attract top excellent teachers who are innovative researchers. Your gifts allow us to seek ways to improve and make a strong institution even stronger. Your gifts of time are equally important. You take time from your busy schedules to help us recruit new students; advise our fraternities; help students prepare for graduate school; help students prepare for the workforce; and help us secure support from fellow alumni, parents and friends. As you read through this year’s Honor Roll I hope you’ll take time to reflect on what it represents—a special, even elite, group of people who care deeply about Wabash College and its students and invest in their future. Our challenge for next year is to make sure these lists are even longer. You can help us in that endeavor. First, make your investment in Wabash College for 2006-2007 and be sure your name is listed here next year. Second, identify a roommate, teammate, fraternity brother, pledge brother, classmate, or other Wabash friend who is not listed here and make sure he is listed here next year. Thank you again for your investments in Wabash’s future. Sincerely, Joseph R. Emmick '92 Dean for Advancement Privacy Statement The Wabash College 2005-2006 Honor Roll includes donors of monetary gifts and gifts of time and talent for the fiscal year July 1, 2005 through June 30, 2006. It is created and maintained by the Office of College Advancement. Wabash College respects your privacy and will not share your confidential information with businesses, nonprofit organizations, or other educational institutions. If you decide you do not want your name listed in the honor roll, please contact the office below, providing full name and class year if appropriate. E-mail: [email protected] Phone: 765-361-6063 Write: Wabash College College Advancement/Stewardship P.O. Box 352 Crawfordsville, IN 47933 Dear Alumni, Friends, and Parents, I am writing this after two exciting months as the Treasurer and Chief Financial Officer at Wabash College. It is truly an honor for me to be able to serve this great institution. Wabash College continues to benefit from the strong financial resources that have accumulated throughout the years; the strong physical resources of its buildings and grounds; and most importantly the strong human resources that are embodied in the dedicated faculty and staff who work here at Wabash. The financial highlights for the fiscal year ended June 30, 2006 are as follows. (Please see financial statement after this letter.) Tuition revenues for the year totaled in excess of $19.3 million. To help our students afford the cost of education, they received over $12.4 million in financial aid. Much of this aid was subsidized from outside sources including endowed scholarships ($2.8 million), restricted gifts ($.26 million), federal and state governments ($1.47 million) and other outside sources ($1.07 million). With these subsidies for our students, the net tuition discount rate is approximately 35 percent. The endowment value at June 30, 2006 was in excess of $348 million, which represents an increase of $31 million or 9.8 percent after distributions to operations. The endowment benefited from $3.75 million in new gifts and $33.8 in market return for the year. Market return, as well as dividends and interest received, helped contribute over $15 million of support for the operations of the College and $2.8 million for endowed student scholarships. Total gifts received by the College were in excess of $27.2 million, of which $9.5 million was used to fund the operations of the College. The Annual Fund contributed in excess of $2.68 million, with more that 37 percent participation from Wabash alumni. Given that student revenues cover approximately one-third of the total operating costs, the Annual Fund is an important source of support for the men of Wabash. The Fraternity Partnerships that grew out of the Campaign for Leadership continued with the completion of the Phi Gamma Delta chapter house in August 2006. Extensive renovations began on the Phi Kappa Psi house, which will be completed by January 2007. Planning continues for the future needs of the Tau Kappa Epsilon, Kappa Sigma, and Delta Tau Delta fraternity houses Thank you again for your continued support of both time and money. I look forward to serving Wabash College in the exciting and challenging year ahead. Sincerely, Larry Griffith Treasurer and Chief Financial Officer Honor Roll 2005 • 2006 WABASH COLLEGE Financial Statement 1 STATEMENT OF FUND BALANCES (in millions) June 30, 2006 June 30, 2005 Current Funds $ 32.20 $ 23.42 Loan Funds .94 .87 Endowment Fund 348.02 317.64 Funds Held By Others 20.74 23.12 Life Income Funds 4.31 5.31 Plant Fund 43.66 41.09 Total Fund Balances $ 449.87 $ 411.45 SUMMARY OF CURRENT OPERATIONS • Fiscal Year 2005-2006 (in millions) Revenue: Expenditures: Instruction Student Revenue $8.88 (net of Financial Aid costs of $6.85) $ 14.29 Student Services and Athletics $ 5.88 Debt Service $ 4.02 Physical Plant Investment Income $ 4.38 $ 16.71 Academic Support and Library $4.28 Research $ 3.62 Auxiliary Operations $ 3.52 Gifting Revenues Public Service $ 9.53 $ 3.56 Advancement $ 2.50 Other Income Administration $ 2.93 $ 2.73 Total Revenues Total Expenditures $ 43.44 $ 43.37 1832 Society Honor Roll From the Chairman of the 1832 Society Dear Alumni and Friends: As chairman of the 1832 Society, I want to thank you for your leadership during the 2005-2006 giving year. Over the course of the last year, I’ve given a lot of thought to the phrase “lead effectively” in the College’s mission statement. What does it mean to lead effectively? How do we assess effective leadership? How can we develop leadership qualities for generations to come? (See giving lists following this letter.) I don’t have all the answers to these questions, but I do know one thing for sure: all of you whose names are listed in this Honor Roll have demonstrated leadership through your gifts of money, service, and creativity. During this time of leadership transition at Wabash, it is especially rewarding to see how many of you made gifts to the 1832 Society. Our new president, dean, and treasurer have seen – through you – the remarkable philanthropic tradition at the College. Your leadership gifts of $1,000 or more have a meaningful impact on the Wabash experience and allow the College to provide the very best academic programs and facilities; offer increased opportunities for research and internship experiences; and provide for enhancements in career counseling and graduate school preparation. I hope you will answer our challenge to renew your leadership support of Wabash students during the 2006-2007 giving year. In doing so, you will demonstrate to current students and to the Wabash community what it means to “lead effectively.” Yours sincerely, Kevin G.