UNIVERSITY OF VIRGINIA SCHOOL OF LAW THE AMERICAN IDEAL IN LEGAL EDUCATION Law School Foundation 2005– 2006 ANNUAL REPORT Dean’s Message 2 Leadership Report 4 Statement of Accounts 6 Summary of Contributions 11 Summary of Expenditures 11 Dean’s Council: Life Members & Associate Members 12 100% Participation Program 15 Reunion Gifts 18 Deferred Gifts 20 Estate Gifts 21 Regional Summary 22 Regions with the Highest Percent Participation 24 Classes with the Highest Percent Participation 24 Class Participation 25 Non-Alumni Contributors: Friends, Faculty, & Staff 76 Firms, Foundations, & Corporations 78 Matching Gifts 79 Gifts-in-Kind to the Arthur J. Morris Law Library 81 In Memoriam 81 Annual Giving, 1997-2006 82 Unrestricted Annual Giving, 1997-2006 82 Law School Foundation Board of Trustees 83 Law School Alumni Council 84 Law School Foundation 84 IN THE LAST FISCAL YEAR, more than 51 percent of our graduates made gifts to the Law School. To my knowledge, this is the first time that any law school, public or private, has received gifts from half its graduates in a single year. The credit for this success belongs to you. As highlighted in the following pages, your gifts enable us to reward more students with much deserved financial aid, support faculty, and sponsor events and programs that help make the Law School a great place to work and study. Special thanks go to a remarkable group of dedicated people—the D EAN J OHN J EFF RIES ’73 more than 750 alumni who volunteer each year to help with annual giving. Their efforts in contacting classmates and colleagues on behalf of the school make all the difference. As our participation rate shows, Virginia has the most faithful and committed alumni in the country. This reservoir of affection and loyalty is our institution’s greatest strength. JOHN C. JEFFRIES, JR. ’73, Dean Emerson Spies Professor Arnold H. Leon Professor 2 THE AMERICAN IDEAL IN LEGAL EDUCATION THE AMERICAN IDEAL IN LEGAL EDUCAT ION 3 July 1, 2005 through June 30, 2006 WE DID IT. WE CROSSED THE FIFTY-PERCENT MARK FOR ALUMNI GIVING. Each year we come back to you, as do our dedicated alumni volunteers, and ask you to support the school with your gifts and your time. And each year, you answer our calls. Your gifts make the difference in the lives of many students and graduates—as you will read on the following pages. But dollars are not the only method of support. It’s easy to spot the graduates who give their time to the school—keeping their Virginia connec- tion fresh and alive. Many recruit students to their firms for summer associate positions as well as future jobs. Some teach seminars and classes on topics such as trusts and estates, tax practice and procedure, and Supreme Court litigation. Hundreds write classmates and col- leagues asking for a gift in support of the school’s Annual Giving Campaign. Others lead the charge on the school’s Business Advisory Council, Alumni Council, Board of Trustees, and more. 4 THE AMERICAN IDEAL IN LEGAL EDUCATION We salute you, friends and graduates of the Law School, and provide you the latest information: LAW SCHOOL FOUNDATION ALUMNI ASSOCIATION • At the end of fiscal 2006, the market value of assets exceeded Law School alumni, faculty, and friends gather for functions $249.7 million. In addition, the University’s Rector and Board throughout the year. Last fall, Dean John Jeffries ’73 visited our of Visitors hold $36.8 million in funds designated for the Law alumni in Boston and Providence. The annual fall Capitol Hill School. The combined value of the assets benefiting the Law Alumni Reception, sponsored by U.S. Senator George Allen ’77, School exceeded $286.5 million. Virginia is one of only a took place in the Russell Senate Office Building in Washington. handful of law schools in the country with supporting assets Another important event took place in Philadelphia, where of more than $250 million. Professor Lillian BeVier spoke to Law alumni at the National • Private gift support for the Law School, including annual Constitution Center. Tri-state alumni were treated to author giving, bequests, and special gifts, totaled $15,207,141. Louis Auchincloss ’41 at the annual New York City luncheon • Membership in the Dean's Council, the Law School's highest this spring. Law Alumni Weekend was once again a huge donor recognition group, continues to grow, with more than success for the nearly 1,000 alumni and their guests who returned 400 members. to Charlottesville for the bevy of reunion events in May. We thank you—our colleagues and friends—for your ANNUAL GIVING continued work, dedication, and recognition of the Law School. • The 41st Annual Giving Campaign raised more than $9.2 mil- You are the legacy that is the University of Virginia School lion, of which unrestricted gifts totaled more than $4.1 million. of Law. • A record number 7,483 donors took part in the campaign, yielding a 51 percent alumni participation rate—the highest in MICHAEL J. HORVITZ ’75, Chair Law School Foundation Board of Trustees the country. • And, boding well for the Law School’s financial future, a record WILLIAM B. FRYER ’74, President Law School Alumni Association 92% of the Class of 2006 participated in their graduation pledge drive. PENELOPE W. KYLE ’79, Chair 2004-2006 National Appeals Committee 5 July 1, 2005 through June 30, 2006 2005-2006 June 30, 2006 2005-2006 June 30, 2006 CONTRIBUTIONS MARKET VALUE CONTRIBUTIONS MARKET VALUE I. UNRESTRICTED FUNDS III. PROFESSORSHIPS Current Use $ 2,676,792 $ 2,007,122 John S. Battle $ – $ 275,168 Arnold R. Boyd – 711,358 Thomas F. Bergin Teaching 175 653,433 E. Fontaine Broun – 1,015,374 Albert C. BeVier Research – 370,570 Hardy Cross Dillard – 248,974 Barron F. Black Research – 517,011 Dana Drake – 636,283 Perre Bowen Fund – 2,371,820 Ernest L. Folk III – 643,745 T. Munford Boyd – 689,440 General Endowment 287,536 7,304,493 Brokaw Professorship in Corporate Law 4,500 1,049,069 General Fund – 2,126,188 Percy Brown, Jr. – 407,188 Colonel Joseph M. Hartfield Memorial – 164,099 Walter L. Brown – 682,202 D. Peck Hill – 268,933 The Honorable Albert V. Bryan, Jr. ’50 10,595 282,849 J. Wilton Hope – 166,922 Caddell & Chapman Research – 375,375 Lawrence W. I’Anson – 61,731 Daniel Caplin 1,350 481,589 Henry C. Little – 766,414 Joseph C. Carter, Jr. Research 3,135 683,159 William H.D. Rossiter – 4,378,166 Nicholas E. Chimicles Research in J. Edward Smith – 352,701 Business Law & Regulation – 517,567 Randall S. Strange – 144,834 Class of 1941 Research – 423,338 Textbook Royalties – 652 Class of 1948 Scholarly Research 872 544,676 John William Waltz – 375,474 Class of 1957 Research 29,037 972,738 Leigh D. Williams – 629,099 Class of 1962 – 1,280,694 George A. and Elisabeth Dent Wilson – 13,720,200 Class of 1963 Research 1,750 697,729 Stephen Clark Woodroe – 1,077,007 Class of 1966 Research – 667,596 Edwin S. Cohen Distinguished in Total Unrestricted Funds $ 2,964,328 $ 36,799,769 Law and Taxation – 1,366,218 Hardy Cross Dillard / Class of 1969 – 534,948 Armistead M. Dobie – 232,768 II. UNRESTRICTED REUNION FUNDS Henry L. and Grace Doherty Class of 1956 $ 81,310 $ 84,314 Charitable Foundation – 463,724 Class of 1961 68,777 67,709 John A. Ewald, Jr. Distinguished – 1,691,682 Class of 1966 123,309 121,184 Horace W. Goldsmith Research 700,000 2,974,097 Class of 1971 93,900 91,400 Charles O. Gregory 100 721,951 Class of 1976 187,616 186,597 David A. Harrison III Faculty Development Fund – 3,294,531 Class of 1981 270,075 269,815 David & Mary Harrison Distinguished – 50,597,927 Class of 1991 54,040 53,940 Joseph M. Hartfield Memorial Class of 1996 39,580 39,580 (by Watson Foundation) – 346,630 Class of 2001 15,539 17,475 Michael J. and Jane R. Horvitz Distinguished 100,000 1,052,117 Total Unrestricted Reunion Funds $ 934,146 $ 932,014 Edward F. Howrey Research – 648,297 6 THE AMERICAN IDEAL IN LEGAL EDUCATION 2005-2006 June 30, 2006 2005-2006 June 30, 2006 CONTRIBUTIONS MARKET VALUE CONTRIBUTIONS MARKET VALUE Hunton & Williams Research $ – $ 562,811 Oliver W. Hill $ 32,047 $ 1,729 David H. Ibbeken ’71 Research 27,050 690,151 Hunton & Williams 3,000 3,212 E. James Kelly, Jr. - Class of 1965 Research – 645,959 Jackson Walker L.L.P. 3,500 – Edward J. Kelly III – 14,991 Jenner and Block 5,000 – Inez L. Kimmel Young Teachers Fund 82,500 839,726 Monroe Leigh ASIL Fellowship 2,500 107,312 Arnold H. Leon 5,000 938,306 A. Stewart Kerr 1,500 1,550 James Madison 97,000 521,583 Scott R. Owens Memorial Reserve – 52,338 James Madison Distinguished – 2,440,652 School of Law General 55,388 217,126 Justice Thurgood Marshall Research 107,474 1,020,965 Richard Silver 10,000 10,000 David Lurton Massee, Jr. – 2,046,559 Society of the Cincinnati 35,000 – Samuel H. McCoy II – 479,021 Whitehead Memorial 1,000 2,109 Elizabeth D. & Richard A. Merrill Research 867 648,311 Womble Carlyle 8,000 1 John Barbee Minor Distinguished – 2,443,582 James Monroe Distinguished – 2,467,003 ENDOWED SCHOLARSHIPS Roy L. & Rosamond Woodruff Morgan – 415,210 Kent E. Agness $ 500 $ 1,657 William L. Matheson and Hawthorne D. Battle – 55,520 Robert M. Morgenthau Distinguished 2,001,480 3,312,843 Juliet R.