COLLEGE OF THE HOLY CROSS Report2012 of Gifts TABLE OF CONTENTS Highlights of the Year 4 The Holy Cross Fund 6 Honor Roll of Donors 12 Parent Giving 64 Honor Roll of Friends 71 Corporate and Foundation Giving 75 Front and back cover photos by John Gillooly MESSAGE FROM THE PRESIDENT New plans stand on a firm foundation Holy Cross is celebrating a year of impressive dedication and generosity. Contributions to the College made history with a record-breaking 17,227 alumni donors. In recognition of their love and enthusiasm for Holy Cross, 55.2 percent of our alumni made a gift to the College. This achievement keeps Holy Cross among a very small and elite group of colleges and universities that can claim such extraordinary alumni support. An anonymous donor provided a $1 million challenge gift in recognition of this goal, contributing to a total of $22.9 million in donations. In addition, we saw tremendous attendance at our annual dinner of the Holy Cross Leadership Council of New York, where we honored alumnus Stan Grayson ’72. Such devotion has helped make Holy Cross the premier Jesuit liberal arts college in America. In my first few months as president, I have been deeply moved by our caring and enthusiastic Holy Cross community. Our year-end statistics are impressive by any measure, upholding our reputation as one of the country’s most-loved colleges, based on our alumni giving rate. In this Report of Gifts, it is clear that the mission of Holy Cross is recognized and appreciated in heartfelt and tangible ways by its alumni, parents, students and friends. In more good news, I recently had the pleasure of welcoming a new leader to the Office of Development. As our vice president for development and alumni relations, Tracy W. Barlok will certainly inspire us to even greater accomplishments in the years ahead. Upon her appointment, Tracy said, “The opportunity to serve Holy Cross in this leadership role, and at this particular time in its history, is very special. I have long admired the College’s intellectual rigor, its mission-centered identity and its deep alumni loyalty. The institution is embarking upon an exciting new chapter as Fr. Boroughs leads the community in implementing an ambitious strategic plan. I am privileged to partner with him, with a committed Board of Trustees and a talented advancement staff to support this effort.” Together we will build on a strong foundation. This year we saw 1,046 non-alumni parents who made gifts to the College, the second highest Parents Fund total of all time and, for the second consecutive year, alumni giving from graduates 10 years out of the College or less exceeded 50 percent. The Crusader Athletics Fund had 2,098 donors who made gifts totaling $678,994. In addition, alumni and parents donated 26 summer student research fellowships, and our 1843 Society welcomed 36 new members. As we begin a new era, we stand on the shoulders of giants, including past presidents Rev. Michael C. McFarland, S.J., and the late Rev. John E. Brooks, S.J., ’49. We owe so much to them and to the entire Holy Cross family, including our hard-working volunteers, class chairs, correspondents, agents, gift chairs and donors. Such devotion brings many gifts to the world through the next generation of proud Crusaders. I am very grateful for the remarkable commitment that supports the special blessings of a Holy Cross education. Rev. Philip L. Boroughs, S.J. President college of the holy cross | report of gifts 2012 3 Total Voluntary Support 2012 2011 2010 TOTAL SUppOrt $22.9 MILLION $29.3 MILLION $19.6 MILLION BY SOURCE Individuals $22,335,546 $27,824,234 $18,381,787 Alumni $13,424,454 $23,885,551 $14,509,363 Parents $697,787 $669,365 $1,062,381 Others $8,213,305 $3,269,318 $2,810,044 Organizations $580,978 $1,449,082 $1,261,450 Corporations $140,266 $95,424 $110,694 Foundations $416,562 $1,254,003 $1,064,421 Others $24,150 $99,655 $86,335 BY TYPE OF GIFT Outright $22,130,710 $27,326,154 $17,224,002 Planned $708,297 $1,857,241 $2,407,573 Bequests $420,206 $927,013 $2,362,114 Trusts $288,091 $930,228 $45,459 Product & Property $77,517 $89,921 $11,663 BY PURPOSE Current Operations $11,425,748 $13,116,888 $11,886,657 Unrestricted $8,111,264 $8,836,322 $8,629,155 Restricted $3,314,485 $4,280,566 $3,257,502 Capital Purposes $10,985,915 $15,955,615 $6,699,862 Endowment $4,077,208 $4,254,729 $4,926,004 Facilities $6,908,707 $11,700,886 $1,773,858 Designation Pending $504,861 $200,813 $1,056,719 ALUMNI PaRTICIPatION Alumni Member Base 31,210 30,803 30,335 Alumni Donors 17,227 16,984 16,337 Participation % 55.2% 55.1% 53.9% Holy Cross Sources of Funds – FY 2012* Holy Cross Uses of Funds – FY 2012* Other Income, Sales, Operating Surplus 4% Services 8% Other Auxiliary Grants & Government Services 10% Assistance 4% Instruction Annual Giving 35% 5% Student Athletics 7% Revenue 69% Endowment Depreciation Income & Cost of 14% Borrowing 13% Operations & Student Maintenance 10% Services 8% *unaudited General Administration 13% 4 HIGHLIGHTS OF THE YEAR Highlights of the Year in Giving t The anonymous challenge gift of t A record number of non-alumni t A $500,000 gift from Anthony M. $1 million was secured, as alumni parents made gifts to the College: Marlon, M.D., ’63 — a decades- participation in giving to Holy 1,046. long supporter of the sciences at Cross reached 55.2 percent, with the College — puts the ever-growing t Alumni giving from graduates out a record 17,227 gifts. Holy Cross Summer Research 10 years or less reached a rate of Program on a path toward full t $8,104,517 was given to the 50.2 percent. endowment. Holy Cross Fund. t Lisa and James F. Mooney III, ’90 t 43 donors made gifts of $20,000 t Members of President’s Council made a gift of $1 million to fund or more to the Fund. were again among the College’s scholarships that will help families most generous supporters, donat- meet the cost of a four-year t 2,098 alumni, parents, and friends ing nearly $18 million in FY12. education at Holy Cross. gave $678,994 to the Crusader Athletics Fund to enhance varsity athletic programs. Thank you to the 17,227 alumni who supported Holy Cross this year. Holy Cross closed fiscal year 2012 with an outstanding 55.2 percent participation rate, achieving the first year of the 3-in-5 Challenge. This is a tremendous achievement for Holy Cross, which is consistently among the top 10 colleges and universities in the country for alumni participation. The 2013 alumni participation goal is 56 percent. Giving to Holy Cross is about much more than dollars. Your support ensures that Holy Cross has the resources it needs to be the best undergraduate, Jesuit liberal arts college in the nation — graduating men and women who will use their education to bring about positive change in the world. Members of our staff are happy to answer your questions and discuss ways to make a gift. alumni.holycross.edu/contact college of the holy cross | report of gifts 2012 5 Holy Cross FundThe Highlights Holy Cross Fund Outstanding Holy Cross Fund Gifts to the Holy Cross Fund have an immediate impact, supporting the Volunteers College’s highest priorities. Alumni participation in giving to Holy Cross surpassed 55 percent, placing the College among the top eight colleges and universities for alumni participation in the country. Matthew P. Cavanaugh ’20 Award RICHARD J. Kenny ’72, P01 Highlights of the 2012 Fund Year This award, estab- lished in 1970, is t $8,104,517 was given to the Fund. given in memory of t A record-breaking 17,227 alumni made gifts to the College. Matthew P. Cavanaugh t The Class of 1952 set a 60th reunion record raising $742,828 overall. ’20, who started the Holy Cross Fund in t The Class of 1977 set a 35th reunion record raising $429,869 for the Fund. 1947, and served the t The Class of 1982 set a 30th reunion record for donors with 375 (64 percent). College in the Office t The Class of 1992 set a 20th reunion record for donors with 378 (58 percent). of Development from 1947 to 1989. It is t 43 donors made gifts of $20,000 or more to the Fund. given to the Class t 8 classes gave $200,000 or more to the Holy Cross Fund. Chair who over the t 28 classes gave at a rate of 60 percent or higher. past year has demon- strated exceptional dedication t 2,098 alumni, parents, and friends gave $678,994 to the Crusader Athletics to his or her Class and to the College. Fund to enhance varsity athletic programs. In 2009, Kenny became a Class Chair and has worked diligently to encourage his classmates to give back. In 2011-12, he was also the Gift Holy Cross Fund Sources of Funding Chair for his 40th reunion. Kenny assembled an outstanding committee and crafted an Scholarships 2012 Source Amount Donors impressive strategy, resulting in the Class of ’72 reaching its highest participation rate ever, and Alumni $7,483,928 17,227 J. Christopher ’80 & Catherine Z. Collins raising the most amount of money since the 25th ’80 Scholarship Parents $475,449 1,041 reunion.