The University of Maine DigitalCommons@UMaine General University of Maine Publications University of Maine Publications 2012 The University of Maine Pulp and Paper Foundation Annual Report 2012 The University of Maine Pulp and Paper Foundation Follow this and additional works at: https://digitalcommons.library.umaine.edu/univ_publications Part of the Higher Education Commons, and the History Commons Repository Citation The University of Maine Pulp and Paper Foundation, "The University of Maine Pulp and Paper Foundation Annual Report 2012" (2012). General University of Maine Publications. 806. https://digitalcommons.library.umaine.edu/univ_publications/806 This Report is brought to you for free and open access by DigitalCommons@UMaine. It has been accepted for inclusion in General University of Maine Publications by an authorized administrator of DigitalCommons@UMaine. For more information, please contact [email protected]. TABLE OF CONTENTS Report of the Chairman and President ................................................................................2 Committee Reports Nominating ...............................................................................................................4 Investment Management ..........................................................................................8 Treasurer .................................................................................................................10 Auditor’s Report for 2012 ...........................................................................11 Proposed 2013 Budget ................................................................................34 Audit .....................................................................................................................35 Membership............................................................................................................36 Gifts and Bequests..................................................................................................37 University Support .................................................................................................38 Scholarship/Educational Relations ........................................................................40 Public Information .................................................................................................42 Open House ............................................................................................................43 Committee Membership ....................................................................................................44 Corporate Members ..........................................................................................................46 Code of Ethics ...................................................................................................................48 2012 Honor Award Recipient ............................................................................................50 1 1 In September we began a closer relationship with the University, becoming an agent of the University in addition to being an affiliate. As a result we will share ½ of a senior develop- ment officer with the College of Engineering, and have access to the University’s giving software. The availability of new software is timely as we are seeing deterioration of our current 30 year old software called GIFT. We welcomed Mike Higgins aboard as our new development officer. Mike has been busy REPORT OF THE CHAIRMAN AND PRESIDENT visiting mills and becoming familiar with our industry. We look forward to increased scholarship and student support with Mike’s arrival. The past year was vibrant and productive with many changes in Foundation activity driven Again our scholarships spend was stable at $742,000. The quality of our students continues by Foundation volunteers. We began the year with industry representatives choosing 21 to be very high, with many electing to accept employment in the paper industry. In 2012, scholarship students who entered our University in the fall. Applications to our programs we awarded a total of 83 scholarships. continue to come in at record levels. This year’s Consider Engineering program was one of the most successful in recent years with outstanding feedback from students and parents After spending significant time developing updated goals and new strategies over the past alike. 102 students were selected from a record number of 182 applicants to attend the year, we will need to now focus on implementation. As Barbara moves off the Executive 2012 Consider Engineering program. Committee and becomes Chair Ex-Offiio, and as John moves on to become Chairman, we would like to thank the more than 80 volunteers of the UMaine Pulp & Paper Foundation Some key events in 2012 were: who do much of the work, and ultimately make the support of our students possible. We are very pleased that John Donahue of Sappi will take over as the next leader and President of There were four meetings held by the Strategic Planning Committee which was appointed our organization, and we wish him the very best and support in his new role. by the Executive Committee. The result at year end was a new Strategic Plan that will modernize, simplify and streamline the Foundation, and take us successfully into the fu- ture. Some of the changes involve a clear focus on engineering and a shift away from Chairman, Barbara Kerr Hamilton President, John Wolanski forestry since many of the mills have divested forestlands. We have clarified our mission and goals, and aligned strategies and committees with each goal. Please see our website for a summary of the updated strategy, as well as a lined out version of the updated bylaws – your feedback is welcome. Our Scholarship Committee revised the Foundation’s Scholarship to one that will still at- tract top talent, but will reduce our overall spend by $50,000 per year over the next three years. This committee did outstanding work through student interviews and using a deci- sion matrix to help decide on the best alternative. The new process will also simplify Pulp & Paper Foundation office paperwork. The updated scholarship can be found on our web site at www.mainepulpaper.org. Our Investment Management Committee evaluated 4 separate investment advisors and ultimately elected to move our liquid funds to Vanguard. This will result in annual savings in fees of more than $70,000 per year. We will continue to hold approximately $1,000,000 of funds in alternate investments at Commonfund. Paper Days 2012 was an outstanding event with a keynote address by former scholarship recipient Mark Cross, Senior Vice President for MeadWestvaco. Mark’s graduation style presentation, reminding us to make each day our masterpiece, in addition to great presen- tations and camaraderie, made for a great event with a record crowd of more than 330 in The University of Maine Pulp & Paper Foundation Board of Directors pose for a group photo at attendance. Paper Days 2012. 2 3 Directors at Large 2011-2014 NOMINATING COMMITTEE Lee Cyr Manager-Customer Service, Production Planning Twin Rivers Paper Officers for 2012-2013 Luke Czarnecki National Sales Manager Chairman John Wolanski Vice President of Marketing & Sales Bercen Inc. GAC Chemical Corporation John Desjardins New England Sales Manager President John A. Donahue Vice President Manufacturing Sappi Fine Paper North America Buckman Vice President Donna Cassese Managing Director, Westbrook Mill Michael Reider Vice President Sappi Fine Paper North America Twin Rivers Paper Vice President Mark S. Cross Senior Vice President Tom Ramundo President MeadWestvaco Corporation New England Controls Inc. Vice President Jeffrey Hamilton Mill Manager, Wisconsin Rapids Mill 2012-2015 NewPage Corporation Richard Arnold President Vice President Nicholas Hart UMaine Chemical Engineering Student Old Town Fuel & Fiber Vice President Raymond J. Heuchling President Marco L’Italien Mill Manager Heuchling Group, Inc. Lincoln Paper & Tissue, LLC Vice President Morgan Hill UMaine Chemical Engineering Student Jeffrey Lancaster Senior Process Engineer AMEC Vice President Theodore D. Kennedy Director New Product Commercialization & Trial Mgmt. Mark Wescott General Manager North America Georgia-Pacific Corporation Ashland Hercules Water Technology Vice President Marco L’Italien Mill Manager Lincoln Paper & Tissue, LLC Vaughn Wildfong Vice President PaperChine Vice President Craig Martin North American Sales Director Styron, LLC 2013-2016 Bruce Baker Corporate Account Manager Vice President Greg Radney Director Northern & Western Regions ABB Inc. Metso Automation Brad G. Bingham District Sales Manager - Northeast Secretary Dennis Castonguay Manufacturing Support Manager SCA North America Verso Paper Treasurer David M. Colter President Keith Meyer Senior Vice President GAC Chemical Corporation Andritz Inc, Executive Director Jack Healy University of Maine Tony Newman Plant Manager Assistant Secretary Pulp and Paper Foundation Cascades Auburn Fiber Assistant Treasurer Jim Prendergast NA Paper Segment Lead Ex-Officio Barbara Kerr Hamilton Senior Consultant DuPont Titanium Technologies Industrial Energy Emerson Process Management Counsel Theodore S. Curtis, Jr. Curtis Law Firm, LLC 4 5 Standing Committee Chairs Ex Officio Directors Executive John Donahue Vice President Manufacturing Norman L. Fournier Trustee Sappi Fine Paper North America The University of Maine System Audit William F. Igoe, Jr. Technical Manager Paul W. Ferguson President