UNC Asheville Annual Report 2010-11

2010–2011 UNC Asheville annualreport

2 UNC ASHEVILLE 2010–11 ANNUAL REPORT

Anne Ponder Chancellor

Jane K.Fernandes Provost and Vice Chancellor for Academic Affairs

William K. Haggard Vice Chancellor for Student Affairs

seniorstaffUNC ASHEVILLE

John Pierce Vice Chancellor for Finance and Operations

Janet Cone Senior Administrator for University Enterprises and Director of Athletics

Christine Riley Chief of Staff

Lucien “Skip” Capone University General Counsel

Dear Friends,On behalf of the UNC Asheville community, I want to share my deep gratitude for your support. Through the generosity of our alumni, parents and friends—our university continues to succeed in our goal of setting the standard for excellence among liberal arts institutions.

Your selfless contributions have provided more than $2.7 million in gifts this past year, and our endowment now stands at more than $27 million. These gifts are critical to UNC Asheville’s continued success, now and in the future. And thanks to you, we are succeeding in so many ways.

This year, the university proudly celebrated the opening of the Wilma M. Sherrill Center, home to the N.C. Center for Health & Wellness, the 3,800-seat Kimmel Arena and offices and classrooms for the faculty and students of the Health and Wellness Department—UNC Asheville’s fastest-growing major. The Sherrill Center, and all that it makes possible, places UNC Asheville as a leader of statewide health and wellness initiatives while complementing the work of our faculty, staff, undergraduate researchers and community partners. Many of you were with us when the UNC Asheville Bulldogs hosted UNC Chapel Hill Tar Heels for the season opener in the Kimmel Arena in November; it was a proud moment for all of us.

The strength of the university’s liberal arts curriculum—and the value of its affordability—continues to be widely recognized in the college rankings from nationally respected organizations such as Princeton Review, Fiske Guide to Colleges, U.S. News and World Report, and Kiplinger’s Personal Finance Magazine.

According to the Collegiate Learning Assessment (CLA) study, which measures the value added of hundreds of universities from the freshman to senior year, our university’s seniors outperformed 95 percent of seniors from 1,500 other universities. This data verifies what we have known all along: That UNC Asheville students are well-prepared to become the innovators and leaders of our businesses, institutions and communities.

With your help, we can continue to prepare UNC Asheville students to create the future of our nation, by challenging them with an interdisciplinary education—one that develops their abilities to understand multiple perspectives, think critically, and lead the way. Through your support, the university will have a strong financial foundation to provide exceptional learning opportunities to the state’s most promising students.

Sincerely,Anne Ponder, Chancellor

2010–11 ANNUAL REPORT UNC ASHEVILLE 3

boards VOLUNTARY & ADVISORY

THE UNIVERSITY OF NORTH CAROLINA

board of governorsHannah D. Gage Chair Wilmington

Peter D. Hans Vice Chair Raleigh

Estelle “Bunny” Sanders Secretary Roper

Brent D. Barringer Cary

Atul C. Bhula (ex officio) Raleigh

John M. Blackburn Linville

Peaches Gunter Blank Nashville, Tenn.

R. Steve Bowden Greensboro

Laura W. Buffaloe Roanoke Rapids

Frank Daniels Jr. Raleigh

Bill Daughtridge Jr. Rocky Mount

Walter C. Davenport Raleigh

John W. Davis III Winston-Salem

James M. Deal Jr. Boone

Phillip R. Dixon Greenville

Dudley E. Flood Raleigh

Paul Fulton Winston-Salem

Ann B. Goodnight Cary

Clarice Cato Goodyear Charlotte

Charles A. Hayes Raleigh

James E. Holshouser Jr. (emeritus) Southern Pines

Adelaide Daniels Key Asheville

G. Leroy Lail Hickory

Ronald C. Leatherwood Waynesville

Franklin E. McCain Charlotte

Charles H. Mercer Jr. Raleigh

Fred G. Mills Raleigh

Burley B. Mitchell Jr. Raleigh

Marshall B. Pitts Jr. Fayetteville

Irvin A. Roseman Wilmington

Priscilla P. Taylor Chapel Hill

J. Bradley Wilson (emeritus) Durham

David W. Young Asheville

UNC ASHEVILLE FOUNDATION INC.

board of directorsJames W. Hegglund Chair Asheville

Charles H. Wood Jr. Associate Chair Asheville

Michael Andry Asheville

Douglas Bailey Asheville

Martha Boyd Asheville

William Boyum Asheville

Guadalupe Chavarria Asheville

Al Davis Asheville

Bob Davis Arden

J.W. Davis Asheville

Charles Frederick Asheville

Courtney Galatioto ’12 (Student Government Representative) Asheville

Mark Gibney (Faculty Representative) Asheville

Dianna B. Goodman Asheville

George Goosmann III Biltmore Forest

Alan Grant Asheville

David Hammett Fairview

Harry Harrison Asheville

John Kelso Asheville

John Kimberly Asheville

Craig Madison Fairview

Kelly Miller Asheville

George Morosani Asheville

Sally Mundt Asheville

Charles Nesbitt Asheville

Shon Norris Asheville

Kenneth Partin Asheville

Daniel Scannell Asheville

John Stevens (Faculty Representative) Asheville

Ronald Storto Asheville

David Sweatt Asheville

Rob Tatum (Faculty Representative) Asheville

Frosene Zeis Asheville

Ex-OfficioAnne Ponder, Chancellor

John Pierce, Vice Chancellor for Finance & Operations

2010 –11


boardsVOLUNTARY & ADVISORY

NATIONAL

parents councilAllison Brandy and David Scruggs Co-Chairs Winston-Salem

Becky Doyle Asheville

Ragan Folan and Mcdara P. Folan, III Winston Salem

UNC ASHEVILLE

board of trusteesJames R. Buckner ’71 Chair Suwanee, Ga.

Nathan Ramsey ’89 Vice Chair Fairview

Audrey Byrd Mosley ’74 Secretary Washington, D.C.

Philip G. Carson Asheville

David Cogburn, M.D. ’77 Asheville

Joseph Damore Pawley’s Island, S.C.

Courtney Galatioto ’12 (Student Government Association President) Asheville

Sue H. McClinton Asheville

Douglas Orr Jr. Black Mountain

Bruce Peterson Fletcher

Pat Smith Asheville

Virgil L. Smith Arden

Pamela M. Turner Asheville

Marilyn Foote-Hudson and Orlando Hudson Durham

Carla and David Greenfield Pittsburgh, Penn.

José-Marie Griffiths and Don King Chapel Hill

Lisa Isenhour Hickory

Joyce Watkins King and Gary King Raleigh

Kip Meadows Raleigh

Lisa Morse Asheville

Lydia and Baker Ndugga Chapel Hill

Obiageli and Joel Okoli Snellsville, Ga.

Maria U. Palmer Chapel Hill

Pam and King Prather Cary

Robin and Michael Smith Chapel Hill

Jamie and Joseph Young Morganton


William K.Haggard, Vice Chancellor for Students Affairs

Kimberly Newsome, Associate Vice-Chancellor for Student Affairs

Mary Chakales, Director of Special Programs

Julie Heinitsh, Director of Development

NATIONAL

alumni councilJames C. Carter ’00 Chair Asheville

Derek J. Allen ’93 Asheville

Tiffany Armstrong ’99 Garner

Barbara A. Baker ’71 Durham

Joseph M. Beckert ’88 Charlotte

Jason L. Boyles ’01 Charlotte

Athena Fox Brooks ’88 Fletcher

Ann Cagle ’86 Rock Hill, S.C.

R. Wiley Cash ’00 Bethany, W.Va.

Jasmin M. Gentling ’99 Asheville

Cerise Glenn ’99 Greensboro

Tarik Glenn ’06 Asheville

Steve A. Green ’01 Asheville

Neal D. Rhoades ’86 Raleigh

Betty Jones Seifert ’83 Cornelius

Myra Sims ’81 Abingdon, Va.

B. Smith Thomas ’73 Lawrenceville, Ga.


Kevan D. Frazier ’92, Alumni Director

2010 –11

Am

ount

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illio

ns

24

26

22

20

18

16

14

12

10

8

6

4

2

0

UNC Asheville Foundation UNC Asheville

Unaudited figures for 2010–11

Unaudited figures for 2010–11 Source: University Controller

Participation:

500,000

600,000

$700,000

400,000

300,000

200,000

100,000

003 04 05 06 0714% 11% 9.3% 5.63%

Am

ount

08 097.3% 6.3%

$133

,712

$133

.951

$661

,941

$142

,638 $2

65,4

88

$162

,762 $2

75,4

61

109.5%

25.6

14.813.6 13.1

14.9

16.7

19.5

23.6

5.4 4.7 4.55.1

5.4

5.6

6.1

7.1

9.4 8.9 8.6 9.8 11.3 13.9 17.5 18.5070603 05040201 08

21.8

7.3

14.509

23.9

7.5

16.410

27.8

9.2

18.611

28

$179

,640

8.3%

$27,806,5752011 endowedfunds

$209,641alumnisuport2011

7.0%

$209

,641

11


0% Value of Real Estate

$0

5% Planned & Estate Gifts Matured

$137,492

36% Cash & Cash Equivalents

$980,636

2% Deferred Gifts

$46,742

4% Value of Gifts-in-Kind

$109,248

.2% IRA Gifts

$5,218

Unaudited figures for 2010–11 Source: Cumulative Fundraising Report * Reporting per CASE standards †Category funding not reported this year

2005–06 2006–07 2007–08 2008–09 2009-2010 2010-2011

Alumni $142,638 $265,488 $162,762 $179,640 $275,461 $209,641

Parents $52,660 $549,920 $79,617 $122,482 $105,763 $73,178

Other Individuals $2,184,150 $1,117,877 $1,534,945 $1,954,705 $512,788 $477,549

Trusts † † † $2,945,208 $232,046 $130,310

Foundations $280,750 $235,450 $853,115 $1,926,587 $1,251,904 $1,508,829

Corporations $329,014 $303,939 $1,005,255 $691,802 $752,992 $264,649

Government † † $253,800 $1,500,050 $0 †

Religious Organizations $1,500 $1,550 $1,284 $900 $1,080 $1,800

Other Organizations $57,865 $733,071 $698,558 $29,180 $77,859 $44,818

Total Outright Gifts $3,048,577 $3,207,295 $4,589,336 $9,350,554 $3,209,893 $2,710,774*

51% Pledge Payments

$1,382,361

2% Stocks and Securities

$49,077

2009

Looking Ahead... $10,581,045 — Value of multi-year pledge gifts to be fulfilled in the future

$3,017,304 — Total estimated value of estate and planned gift commitments that will be realized in the future

$2,710,774wheredogiftscomefrom?2011

$2,710,774waysofgiving2011


2010–11 figures audited by N.C. State Source: University Controller

2010–11 figures audited by N.C. State. Source: University Controller Total commitments include outright giving, planned giving (including wills) and outstanding pledges

2% Research

$1,675,779

5.5% Depreciation

$4,380,507

6.5% Public Services

$5,469,098

31.5% Instruction

$25,736,533

10% Operations and Plant Management

$8,356,236

11% Institutional Support

$8,767,008

8% Financial Aid

$6,548,372

9.5% Sales and Services, net

$9,583,282

3.5% Investments and Other

$3,532,985

17% Tuition and fees, net

$17,311,412

17% Capital Gifts and Grants

$17,086,447

4% Operating Grants and Contracts

$3,997,173

11% Non-capital Gifts and Grants

$11,075,078

5.5% Academic Support

$4,532,24115.5% Auxilliary Expenses

$12,743,590

4.5% Student Services

$3,819,400

2% Stocks and Securities

$49,077

38% State Appropriations

$38,524,091

$ 82,028,7682011 operatingexpenses

$101,110,471revenuebysource2011


4% Unrestricted

$113,5523% Restricted

$75,620

14% Non-scholarship Endowment

$387,033

16% Financial Aid

$430,220

50% Buildings and Equipment

$1,360,717

3% NC Center for Health & Wellness

$75,069

7% Athletics

$183,684

1% NC Center for Creative Retirement

$31,520

2% Academics

$53,359

$2,710,774wheredogiftsgo?2011

UNC Asheville Annual Report 2010-11

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Transcript of UNC Asheville Annual Report 2010-11