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Uconn Foundation – Annual Report FY15.Pdf UConn Nation Gives FY 2015 Annual Report ii UConn Nation Gives Greetings, UConn Nation! elcome to the fiscal 2015 annual report. These numbers tell a story. The student whose life was transformed by a scholarship, the patient who received a free mammogram at UConn Health, W and the US veteran who took advantage of job training programs offered by the School of Business. They all benefited from philanthropy. Thanks to generous donors, the UConn Foundation completed one of the most successful fundraising years in its history. Gifts from UConn Nation not only help support students, teaching, research, and patients, they’re also fueling UConn’s rise as one of the nation’s best public universities. We are proud of our role. Accountability is at the core of our success. Every year, an independent accounting firm audits the financial statements to ensure the veracity of the Foundation’s accounting and internal controls. The audited statements in this report were prepared by PricewaterhouseCoopers, and provided to UConn, the state’s Office of the Auditors of Public Accounts, and the Office of the Attorney General. Those documents, as well as the Foundation’s policies and the Donor Bill of Rights, are available on our website. Thank you for your continued support! UConn Foundation Annual Report 2015 1 UConn Foundation Annual Report 2015 1 UConn Nation Gives Fiscal 2015 (July 1, 2014 through June 30, 2015) Alumni2015 giving matters! Every gift from an alumnus boosts UConn’s national rankings. TRANSFORM LIVES $16.3M $38.1M 2015 SCHOLARSHIP INITIATIVE TOTAL Program Support $27.4M Capital Improvement Projects $19.4M Scholarship and Fellowships $16.3M $78M Research $9.6M raised in 2015 Faculty Support $5.2M ALUMNI/ STUDENTS $12.5M PLEDGED ESTATE GIFTS up $1M WAYS PARENTS $33.5M OUTRIGHT GIFTS up $800K of giving FOUNDATIONS $32M MULTIYEAR COMMITMENTS up $2.5M GIVING ON THE RISE! CAPITAL PROJECTS 17,646 up $16M 640 2,281 ALUMNI/STUDENTS FOUNDATIONS/ PARENTS CORPORATIONS RESEARCH up $2.5M DONORS 2 UConn Nation Gives A Message from Coleman B. Levy ’61 ’62 ’66 and Joshua R. Newton UConn Nation Gives Back hank you to the UConn community for ardently supporting “ I know firsthand the our great university. We are pleased to report that our transformative power T donors gave at the second highest rate in the history of the UConn of student support. I Foundation, raising $78 million. It’s no surprise that private giving is was a first-generation college graduate thanks on the rise while faculty are breaking ground in basic and scientific to the generosity of research across disciplines; academic and extramural opportunities those who came before for students are growing; and UConn Health is redefining the state me and gave back. It is of the art in personalized patient care. Through the integration of with intense gratitude the Alumni Association with the UConn Foundation, the University that I continue to pay has opened its arms to embrace all members of the UConn Nation, it forward. One of which will lead to continued growth in alumni engagement in the the most important life of the University. We are honored to work alongside fellow doors that higher donors every day to see their passions fulfilled for the betterment of education can open our state’s most important resource. Thank you! is the opportunity to broaden a student’s understanding of the world through study abroad. My donations help UConn “ We have been giving to UConn for 39 years because students explore other there’s no better investment. My wife and I started a cancer countries, experience research fund in memory of our beloved son. We support new cultures, and gain scholarships because a UConn education has the power to enlightenment that transform lives. As huge Huskies fans and believers in the they will carry the rest spirit of community that sports engenders, we are longtime of their lives. donors to the Division of Athletics. We give back so that this ” great University keeps providing for future generations.” Joshua R. Newton President and CEO Coleman B. Levy ’61 ’62 ’66 UConn Foundation Chair, UConn Foundation Board of Directors UConn Foundation Annual Report 2015 3 A Message from Susan Herbst Thanks and Praise “ I choose scholarships e owe our deepest thanks to the tens of thousands of as my way of giving alumni, friends, corporations, and foundations who gave W back. My husband so generously to UConn this year. They are helping to ensure we and I support the remain one of the top public research universities in the nation, Susan Herbst and and helping us to climb ever higher. We are also incredibly grateful Douglas Hughes Family to Governor Dannel Malloy and the General Assembly for their Scholarship in the support as we seek to maintain our forward momentum. When a Humanities because we know firsthand the donor supports UConn—through donations, volunteerism, advocacy, power of giving. A or advisement—they are truly making a difference in the life of our scholarship can make shared University. And so on behalf of the entire UConn community: all the difference in Thank you for your friendship, investment, and most of all, for your the life of a talented belief in the University of Connecticut and its mission. Together, we student with financial are building the future. need. It is our privilege to support the next generation of humanities scholars on their path Susan Herbst toward becoming President, University of Connecticut knowledgeable and enlightened contributors to society.” 4 UConn Nation Gives TRANSFORM LIVES Thanks and Praise $38.1 MILLION RAISED Transforming Lives through Scholarship undreds of alumni and other donors have been inspired to “ I hope to establish support students through the Transform Lives initiative. The future fellowships H goal of Transform Lives, which was launched in 2015, is to raise $150 and scholarships for million in scholarships and fellowships. Scholarships make a UConn students who are interested in going into education possible for students like Justis Lopez ’14 ’15, the first in his the field of education.” family to graduate from college. In May 2015, Lopez’s family returned to Storrs to watch him earn his second degree—an MA in education. Justis Lopez ’14 ’15 Student and Donor In five years at UConn, Lopez mentored other first-generation college students, advised peer mentors, worked with the dean’s office at the Neag School of Education on an initiative to improve diversity in teaching, volunteered for an alternative spring break helping disadvantaged neighborhoods in Atlanta, and entertained crowds as Jonathan the Husky. Thanks to gifts and endowments established by donors, the UConn Foundation was able to disburse $10.9 million in scholarships to the University for students, including Lopez, in fiscal 2015. Lopez himself began paying it forward his sophomore year with annual gifts to support scholarships and programs for incoming freshmen. “ I can’t begin to describe how deeply the scholarship has affected me and how much I truly appreciate it.” Halle Gavrielidis ’17 School of Business Barton Family Business Scholarship UConn Foundation Annual Report 2015 5 Philanthropy Brings UConn Closer to All-Steinway Goal dozen Steinway pianos were delivered in 2015, fulfilling a gift made in 2012 by the Lawrence J. Portell and Natalie D. Portell Foundation. “It means students will have access to quality A instruments to practice their craft. It’s one of the most important resources that a music institution can have,” said Eric Rice, head of the Music Department in the School of Fine Arts. The pianos will nearly double the number of Steinway instruments at UConn, and is a significant step toward becoming an all- Steinway institution, a distinction held by 175 conservatories, colleges, and universities worldwide. UConn Students Crowdfund for a Cause uskyDrive’s Ignite crowdfunding campaign—recognized as one of the best in the country by Evertrue, an organization H that applies social media analytics to nonprofit fundraising—brings students together to raise money for their favorite UConn causes. SPECIAL THANKS to members of the Board rs of Directors for giving no s Student Crowdfunding Since 2013 o r d o r n an additional $20K in e h o t d matching gifts! o i n % George R. Aylward ’88 m 9 u 2 l Alan Bennett ’69 $34K a # # # 1 2 3 raised g Patrick M. Campion ’83 n u o Jonathan Greenblatt ’77 Asian-American Cultural Community Outreach UConn Marching Band y 7 d Center’s Pan-Asian Council 234 donors 140 donors 1 an Adam L. Schwartz ’97 % student 275 donors Daniel Toscano ’87 Connie Weaver 6 UConn Nation Gives Scholarship is Largest Gift Ever to Dental School want to pay it forward,” said Kathleen Burr, DMD ’85, an “ I came from a lower orthodontist. Dr. Burr and her spouse, Robin Malkasian, will middle class household, “I pay it forward to students who follow in Dr. Burr’s footsteps at the and I was able to access UConn School of Dental Medicine. Upon Dr. Burr’s retirement from an excellent dental private practice this year, the couple pledged an estimated $2 million education at UConn estate gift—the largest gift ever committed to the School of Dental and specialty training at Harvard because Medicine. I received student “Hopefully when the gift is made, it will be even more,” said Dr. Burr. support.” “We chose UConn because it’s one of the best in the country.” Kathleen Burr, DMD ’85 Dr. Burr wants her gift to be used to attract promising students Donor regardless of their financial means. The cost of dental school plus specialty programs discourages some highly qualified students from pursuing their aspirations.
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