SWOSU Foundation Annual Report 2013 Southwestern Oklahoma State University Foundation, Inc. Letter from the Chair Dear SWOSU Supporters: On behalf of the Board of Trustees, it is my pleasure to present this annual report and thank you for your support. During 2013, the board welcomed two new trustees: George Cohlmia and Brice Harris. These past SWOSU graduates are strongly committed to Southwestern and we anticipate we will value their experience and insights. Through your continued support and the returns on your donations, we were able to grant over 250 scholarships in 2013-2014. Today the assets of the Foundation total $22,113,785. State funding for the University’s operating budget has dropped from 82% in 1984 to the current 43.1%. To help the institution maintain its growth, it is vital that private support consistently increase. Our Empowered2Xcel campaign goals will be increasing funds for our main priorities – students, programs, technology, facilities and future endowments. We are excited to lay this groundwork and to realize the vision and mission of the SWOSU Foundation. Thanks again, Jim Mogg Chair – Board of Trustees Southwestern Oklahoma State University Southwestern Oklahoma State University Foundation, Inc. Board of Trustees Officers Chairman – Jim Mogg 1st Vice Chair – Carl Hook 2nd Vice Chair – Everett Dobson Secretary – Harvey Minton Treasurer – Dianne Hunter Past Chair – Don Weeks Board E. Vann Greer Andrews Bill Bernhardt George Cohlmia Everett Dobson Brice Harris Richard Hasley Carl Hook Dianne Hunter Harvey Minton Jim Mogg Ron Polston Don Roberts Homer Ryan Joey Sager Nelson Sims Don Weeks Ex-Officio STANDING COMMITTEES Randy Beutler Audit committee Tom Fagan Corporate Governance & Nominating Committee Lynne Thurman Development Committee Tom Stafford Finance Committee Jennifer Dickey Investment Committee Kari Jones Properties Committee Anita Wichert Scholarship Committee Steffanie McKee 2 Southwestern Oklahoma State University Southwestern Oklahoma State University Foundation, Inc. Foundation Mission The purpose of the Southwestern Oklahoma State University Foundation, Inc., is to benefit, support and enhance the development and objectives of Southwestern Oklahoma State University. The primary mission of the Foundation is to fund scholarships to students attending Southwestern Oklahoma State University and provide resources to supplement University resources that are required to sustain operations. The efforts of the Foundation to generate funds shall be in alignment with the academic needs and priorities of the University. The Foundation shall insure integrity to meet donor expectations. History of the Foundation The SWOSU Foundation, Inc. was founded May 19, 1977 for the purpose of educational and scientific research. The Foundation is governed by a board of trustees who manage and control all business and property. The purpose of the Foundation is exclusively scientific, charitable, educational and artistic for the benefit of Southwestern Oklahoma State University. The primary function of the Foundation is to provide, maintain, and grant scholarships to the students of Southwestern Oklahoma State University. The Foundation also supports the programs offered by Southwestern. In the area of development, the Foundation must assess the special needs of the University as a whole. Southwestern Oklahoma State University Foundation, Inc. is audited annually by a qualified auditing firm. The Board of Regents of Oklahoma Colleges conducts special interest audits. The Foundation is a nonprofit, 501 (c) (3) organization as 3 determined by the Internal Revenue Service. Southwestern Oklahoma State University Southwestern Oklahoma State University Foundation, Inc. The Numbers ASSETS 2013 (unaudited) 2012 2011 Cash and cash equivalents $ 982,022 $ 319,418 $ 499,916 Accounts receivable $ 35,000 Interest receivable $ 22,443 Contributions receivable $ 17,789 $ 56,864 $ 158,910 Note receivable from related party $ 406,766 $ 470,766 Investments $16,862,725 $14,013,912 $12,794,511 Assets held for sale $ 40,000 Beneficial interest in perpetual trust $ 1,233,100 $ 1,233,100 $ 1,281,121 Property and equipment $ 705,462 $ 746,530 $ 787,598 Other Assets $ 2,504,896 $ 289,653 $ 268,363 Total Assets $22,305,994 $17,106,243 $16,318,628 2013 REVENUE Other New Gifts 29.7% .3% Program Services 14.4% Life Insurance/Trusts 1.6% Investments 54.0% Other .3% New Gi's 29.7% Investments 54% Program Services 14.4% Life Insurance /Trusts 1.6% 4 Southwestern Oklahoma State University Foundation, Inc. SWOSU Payroll Deduction Giving 2000-2013 $20,000+ Connie Lane Terry Segress Tom Fagan Joe London Rick Skinner Cynthia Foust Larry McKee Blake Sonobe Blake Sonobe Nina Morris James Waites Steven O’Neal Roberta Gail Wilcox $10,000+ Patsy Parker Stephen Burgess Barbara Patterson 5+ Years Kenneth Rose Ronald Segal Radwan Aljarrah Paul Sharp Arden Aspedon $5,000+ Rick Skinner Mary Aspedon Brenda Burgess James South Terry Billey Terry Segress Mark Tippin Rick Bolar Roland Seibert James Waites Scott Carpenter Roberta Gail Wilcox Nan Chain $1,000 Don Wilson Hung-Chieh Chang Brian Adler Jonathan Woltz Michael Dougherty Radwan Aljarrah Paulette Woods Mary Ferrell David Altland Gene Foust Arden Aspedon 14 Consecutive Years Barry Gales Mary Aspedon Brian Adler Mark Gales Sue Ball Les Crall Dylan Gately Herbert Bergman III Gerry East Midge Gerber Hung-Chieh Chang Tom Fagan Don Groth Steven Corbin Nina Morris Marvin Hankins Les Crall Steven O’Neal Jimmy Ray James Michael Dougherty Kenneth Rose Ronald Kistler Gerry East James South Connie Lane Mary Ferrell Kim Liebscher Barry Gales 10+ Years Joe London Mark Gales David Altland Sherron Manning Victoria Gaydosik Sue Ball Barbara Patterson Midge Gerber Madeline Baugher Nancy Sanders Peter Grant Brenda Burgess Ronald Segal Don Groth Steven Corbin Roland Seibert Lori Gwyn Cynthia Foust Paul Sharp Patti Harper Peter Grant Alan Shockey Vicki Hatton Vicki Hatton Mark Tippin John Hayden John Hayden Wesley Warren James Hunsicker James Hunsicker Don Wilson Jimmy Ray James Jill Jones Jonathan Woltz Jill Jones Robin Jones Paulette Woods Robin Jones Bobby Klaassen Bobby Klaassen Larry McKee 5 Southwestern Oklahoma State University Foundation, Inc. Thank You for Your Generosity! These donors generously made donations in 2013 to support Southwestern Oklahoma State Univeristy through the SWOSU Foundation. Because of their kindess, the Foundation can continue to support the students, programs and services of SWOSU. President’s Circle Duke’s Club $5,000+ $2,500-$4,999 Aaron Custer Memorial Fund Aaron & Ed’s Rumble In The Red American Assoc. of University Women (AAUW) Albert’s Truck Service & Supply ASAP Energy American Electric Power/PSO of OK-Dist. Bank of Western Oklahoma CenterPoint Energy Bill W. Fuller Revocable Trust City of Weatherford Chesapeake Delaware Resource Group Davis-McElmurry Charitable Trust Guthrie Scottish Rite Foundation Dobson Family Foundation Magill Insurance & Real Estate Duke Energy Foundation M.D. Jirous Foundation Erick Flowback Services Orthopedic Associates Kelley Jewelers Weatherford Regional Hospital NUCO Inc. Wells Fargo Foundation ONEOK, INC Buford Abeldt Pioneer Cellular James Bates State Farm – Debbie Shepherd Thomas Fagan Shriner-Smith Scholarship Trust John Hays Southern Slope Trust - David Sparks Drew Gurley Southwest National Bank David & Dianne Hunter UCT Coatings Inc. Lowell Irby Weatherford Arena Board Candace Kiehn Wright Broadcasting System Bryce Murphy Jim Andrews Stephen Nichols Evangeline Andrews Valerie Reimers Randal Bose Stanley Robertson J. Torrey Curtis Joey Sager Donald & Glenna Hertzler Evelyn Shephard Estate Linda Hertzler-Crum Joe Anna Hibler Southwestern Club Thomas Hulse $1,000-$2,499 Michael Jones Robbie McCarty B.O.P Ram Block & Iron Rentals Jimmy Mogg Bank of the Wichitas Richard Moore Bear Services Mike Muncy Brown Oil Tools Michael North Caddo Electric Coop Patti Perkins Cummins Auto Group Don Roberts Eric Simmons Clarence Sturm 6 Southwestern Oklahoma State University Foundation, Inc. ExxonMobil Foundation Richard Ratcliffe First National Bank & Trust - Elk City Sam Rogers Follett’s University Bookstore Kenneth Rose Fred’s Rat Hole Service Richard Ryerson Hays Oil Properties Tony Say Jim Loomis Construction Scott Searcey National Christian Foundation Blake Sonobe Southwest Distributing Co. James & Janis South Southwestern Pharmacy Alumni Foundation H.J. Sullivan Troglin Tank Gauge Services Chesley Watkins Wal-Mart Kenneth Wheeler Weatherford Area Chamber of Commerce Branden Wilburn Western Chapter Oklahoma Society of CPA’s Michael & Judy Wilkes Western Star Lodge #138 Lisa Appeddu Scholars Garabed Armoudian $500-$999 Ronald Barber Pat Bateman AAUW Of Oklahoma LuAnn Beckloff Anadarko Dozer & Trucking Randy Beutler Apache Corporation Michael Blevins Bar-S Foods Bill Brewster Bruner Farms William Buckley Cave City Pharmacy Josh Bunch Custer Dewey Washita OREA Stuart Burchett Dixon Drywall Chris & Paige Craighead First State Bank Bob Densmore Flex-Chem John & Brenda Donley Great Plains National Bank Jerome Donohoe Heard-Knight Auction and Real Estate Ronald Faulkner Henry Adams Companies Cynthia Foust Jarod Martindale Memorial William Benny French Lambda Tau Honor Society Goldie Friedrich Lee Office Equipment Edwardene Garrison Premier Real Estate of Ada John & Linda Hays R&J Kropp Services Faye Henson Roger Mills County Hospital Authority Linda Hertzler-Crum Southwest State Bank Betty Holsted Warren and Sons Module Hauling Carl Hook Weatherford AAUW Lawayne Jones