annual report 2012
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KU Endowment's 2012 Annual ReportTRANSCRIPT
Ascend2012KU Endowment
Annual Report
2012KU EndowmentAnnual Report2
In fiscal year 2012, the generosity of donors like you once again demonstrated your willingness to help the University of Kansas and The University of Kansas Hospital soar.
We set three all-time records this year. Private gifts rose to the highest level in our 121-year history, marking the fifth year in a row of record private support. Those gifts came from a record number of donors. All these contributions count toward Far Above: The Campaign for Kansas, which celebrated its public launch in April.
And, most satisfying of all, this year KU Endowment provided a record amount of support to the university and the hospital. The generosity of donors, in this and previous years, made that possible.
Your gifts raise the entire university enterprise to new heights. They help our state’s most promising students — tomorrow’s leaders — rise to the excellence of a KU education. They build ideal environments for research, discovery and teaching in disciplines across the board. They promote more options for medical treatment, and ultimately more hope, for people in our state and region.
Please accept our thanks for your continued generosity, offered on behalf of the entire University of Kansas family.
Drue Jennings Dale SeuferlingChairman of the Board President
Dale Seuferling and Drue Jennings
You did it again
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In April, alumni, donors and friends celebrated the public launch of Far Above: The Campaign for Kansas. With a goal of $1.2 billion, Far Above seeks support to educate future leaders, advance medicine, accelerate discovery and drive economic growth to seize the opportunities of the future. At the time of the public kickoff, we had raised $612 million toward the campaign goal.
Rising FaR above
Far Above will help secure KU’s position in the top tier of public research universities and academic medical centers. The generosity of our donors will elevate the University of Kansas, The University of Kansas Hospital, the state of Kansas and the region we serve.
Far Above is set to conclude in 2016.
Campaign leaders address attendees at the campaign kickoff. Left to right: Co-chair Mark Parkinson, Chair Kurt Watson, Co-chairs Tom and Jill Docking, and
Chair Sue Watson (not pictured, Co-chair Stacy Parkinson).
2012KU EndowmentAnnual Report4
$121.4 Current gifts and pledges
FundRaising PRoductivity
(MillionS)
total $156.5
$34.2 Deferred gifts
$.9 Direct giving to KU
Fiscal 2012 saw continued generous donor support for KU and The University of Kansas Hospital through KU Endowment. For the fifth consecutive year, total fundraising reached a record high, $156.5 million, which represents a 2 percent rise over last year’s comparable figure, $153.2 million.
Included in the $156.5 million total is $121.4 million in outright gifts, pledges, realized bequests and life-income gifts. This is an 8 percent increase over last year’s comparable figure of $112.5 million, as reported in our audited financial statements. The balance is made up of $34.2 million in deferred gift commitments and $900,000 in donations made directly to KU. Gifts came from 46,257 donors, also an all-time record. More than 60 percent of our donors live in Kansas.
FundRaising: Five consecutive RecoRd YeaRs
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$35.3 Faculty support
$30.2 Student support (excluding loans)
suPPoRt(MillionS)
total $119.3
$39.1Program and
educational support
$14.7 Facilities
Private giving through KU Endowment transforms lives and fulfills dreams. In fiscal 2012, donors enabled KU Endowment to provide a total of $119.3 million in support for KU and The University of Kansas Hospital. This amount is an all-time high, 6 percent more than last year’s total.
More than 6,900 KU students received financial assistance from Endowment funds, which support virtually all scholarships and fellowships at KU. Endowment accounts provided more than 88 percent of total funding for KU’s distinguished professors. Private giving enriched lives throughout the region by funding outreach programs and expanding library and museum holdings.
Donor support for The University of Kansas Hospital ensured first-rate patient care; provided new facilities, equipment and comfort items for patients and families; and established new programs and educational resources.
Since our founding in 1891, we have provided more than $1.9 billion in support to the university. Over decades, private giving has provided about two-thirds of campus buildings and about 85 percent of the land available for campus expansion.
RecoRd institutional suppoRt
2012KU EndowmentAnnual Report
statement oF Financial position
* The KU Endowment Charitable Gift Fund is a separate 501(c)3 entity that administers gifts divided between KU Endowment and other charitable beneficiaries.The Statement of Financial Position and Statement of Activities are excerpted from KU Endowment’s 2012 financial statements, which have been audited by Ernst & Young, LLP. The full statements are posted at www.kuendowment.org/auditreport.
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assets thousands
June 30, 2012thousands
June 30, 2011
cash and cash equivalents $ 6,808 $ 4,915
ReceivablesLoans, pledges, other.
$ 98,479 $ 85,863
investmentsSecurities, trusts held by others, interest in KUECGF*, real estate.
$ 1,306,469 $ 1,358,364
Property on or adjacent to university campusLand, buildings, equipment and furnishings, less accumulated depreciation.
$ 25,979 $ 23,770
deposits and other assets $ 5,708 $ 5,859
total assets $ 1,443,443 $ 1,478,771
liabilities and net assets
liabilities:Accounts payable, accrued expenses,life income gift payables, agency funds.
$ 106,063 $ 102,179
total net assets $ 1,337,380 $ 1,376,592
total liabilities and net assets $ 1,443,443 $ 1,478,771
www.kuendowment.org
Revenues, gains and otheR suPPoRtthousands
June 30, 2012thousands
June 30, 2011
FundraisingContributions and grants received and pledged, bequests, life income gifts, etc.
$ 121,406 $ 112,500
income from asset holdingsRealized and unrealized gains (losses) on investments andtrusts held by others, real estate, other income
$ (20,471) $ 222,447
other receipts $ 3,427 $ 5,267
total Revenues, gains and otheR suPPoRt $ 104,362 $ 340,214
exPenses
university support (see note below)Student support, faculty support and contractual services, construction, furnishings,equipment and supplies, program and other educational support
$ 119,313 $ 112,310
supporting servicesAdministrative and fundraising support, asset management expense,
pension amortization, depreciation$ 24,261 $ 15,174
total exPenses $ 143,574 $ 127,484
change in net assets $ (39,212) $ 212,730
net assets at beginning oF yeaR $ 1,376,592 $ 1,163,862
net assets at end oF yeaR $ 1,337,380 $ 1,376,592
statement oF Financial activities
Note: Expenditures from agency funds, which are assets of the university but managed by KU Endowment, provided additional university support of $11.7 million in Fiscal 2012 and $10.8 million in Fiscal 2011.
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2012KU EndowmentAnnual Report
Value of Total Assets (billions)
Market Value of Total Assets (billions)
Market Value of Endowment (billions)
$ 1.4
4
2010 2011 20122010 2011 20122010 2011 2012
$ 1.4
8$ 1.3
1
$ 1.6
5 $ 1.5
9$ 1.4
8 $ 1.2
5
$ 1.18
$ 1.0
5
8
assetsMarketable securities compose 87 percent of KU Endowment’s total assets; the balance is primarily real estate owned by KU Endowment, loans to KU students and faculty, and outstanding pledges.
value of total assets: Book value of assets, plus unrealized gain
or loss on marketable securities, according to audited financial
statements. Excludes unrealized appreciation of real estate and
other special holdings.*
Market value of total assets: Includes unrealized appreciation
of real estate and other special holdings.*
Market value of endowment: Reported in accordance with the Standards
of the National Association of College and University Business Officers.
* Unrealized appreciation of real estate and other special holdings is not audited and is not recorded on the Statement of Financial Position.
asset allocationsThe Long-term Investment Program is managed to produce maximum returns with minimal volatility. It is diversified both by asset class and within asset classes.
Seeking increased diversification and enhanced returns, the KU Endowment Investment Committee has gradually increased allocations to international equities, inflation protection and alternative investments. Alternatives include investment strategies intended to produce consistent returns, with less volatility than the overall market.
asset values and allocations
27.4% International equity
21.2% Domestic equity
asset allocations
(AS of June 2012)
total 100%
18.8% Alternatives
16.1%
15.7% Fixed income
.8% Cash and equivalents
Inflation protection
www.kuendowment.org
inception
long-teRM investMent PRogRaM PeRFoRMance (as oF June 2012)
Long-term program
Relative objective
Absolute objective
one-year
ten-year
8.7
9.8
8.8
6.7
7.0
-3.4
-3.0
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investing FoR the veRY long teRmTo support learning, discovery, public service and patient care over the long term, KU Endowment remains committed to managing endowed funds to provide a stable return in perpetuity.
KU Endowment invests endowed funds and other long-term funds collectively in our Long-term Investment Program, which includes more than 3,300 individual fund accounts. The value of these funds makes up 71.6 percent of KU Endowment’s total assets.
The Long-term Investment Program returned -3.4 percent in fiscal 2012. This decline followed two fiscal years of double-digit positive returns, 13.8 percent in fiscal 2010 and 22.8 percent in fiscal 2011. Combining the returns over three years yields an average annual compound return of 10.6 percent. During this period, we have continued to manage the Long-term Investment Program to maintain liquidity, increase diversification and enhance the portfolio’s overall risk/return profile.
Global equity markets fell during this volatile fiscal year, with developed markets returning -5 percent and emerging markets down significantly more at -15.7 percent. In the recent investment environment, markets have undergone strong advances followed by deep retreats that often are based more on investor fear than on economic fundamentals.
peRFoRmance objectivesOver the long term, the absolute objective is to achieve a total return that meets or exceeds the rate of inflation, as measured by the Consumer Price Index, plus the total spending rate from the Long-term Investment Program. The relative objective is to achieve a total return that meets or exceeds a combined benchmark of appropriate capital market indices, weighted according to the portfolio’s target asset allocation. This chart shows the total return for the portfolio since the inception of performance measurement in June 1988.
investment philosophY and objectives
Roy Jensen, M.D., director of The University of Kansas Cancer Center, greets State Reps. louis Ruiz and Valdenia Winn, both of Wyandotte County. Jensen had just announced the cancer center’s designation as a national Cancer institute Cancer Center, following a decade-long quest.
The Kansas Masons spearheaded initial fundraising efforts in 2003, and hundreds of private donors have given more than $107 million since 2008 to Ku endowment to support the effort to attain nCi designation.
CAUSE FOR CONGRATULATIONS
www.kuendowment.org
executive committeeA. Drue Jennings, chairDeanell Reece Tacha, vice chairWilliam R. DockingR. A. Edwards Charles E. Heath M. D. MichaelisLinda Ellis Sims Todd L. SutherlandRobert D. Taylor Kurt D. Watson •
audit committeeLewis D. Gregory, chairDavid B. DillonH. W. Knapheide IIIJanet Martin McKinneyJohn W. MizeJohn H. Robinson Jr.Robert D. Taylor
compensation committeeTodd L. Sutherland, chairWilliam R. DockingA. Drue JenningsM. D. MichaelisDeanell Reece TachaRobert D. Taylor
development committeeLinda Ellis Sims, chairHoward E. CohenJohn D. Hunkeler, M.D.Jann Crawford RudkinFenton R. TalbottThomas G. WiggansDavid C. Wysong
governance committeeWilliam R. Docking, chairTom BowserCathy L. DaicoffA. Drue JenningsJeff M. JohnsonMichael G. ShinnRobert M. Thomas Jr.
investment committeeCharles E. Heath, chairDavid G. BoothJohn B. DicusR. A. EdwardsRay D. EvansEdward J. HealyTodd L. Sutherland
Property Management committeeM. D. Michaelis, chairBeverly Smith BillingsDavid M. CarrBrian L. MitchellJohn C. ShawverSteve Sloan
Members at largeKenneth G. AdamsPhilip F. AnschutzLydia I. BeebeDan P. BolenGene A. BudigLinda Zarda CookJerome DaviesJeffrey W. DavisJill S. DockingRobert L. DriscollSam EvansBeverly J. Gaines Jeff N. Gentry Gregory M. GravesLewis D. GregoryDavid E. HallSheri Welter HauckWilliam E. Hogan II
The Executive Committee of the Board of Trustees governs KU Endowment and takes responsibility for ensuring that it will provide significant support for KU now and in the future. Members of the board at large elect the Executive Committee. The entire board, up to 75 members representing KU throughout the United States, meets annually during the fall on one of the KU campuses. Six standing committees oversee specific areas of operation and meet throughout the year. Board members receive no compensation for their service.
• chair emeritus
boaRd oF tRustees
Jay HowardRobert S. KaplanDorothy Wohlgemuth LynchKent C. McCarthyMichael T. McCoy, M.D.Tyrone C. MeansJoe C. MorrisDavid L. MurfinRamón MurguíaWarren J. Newcomer Jr.Charles E. Rhoades, M.D.E. S. RissReginald L. RobinsonBradford T. SandersDale SeuferlingDolph C. Simons IIIWilliam B. TaylorGregs G. ThomopulosKen Wagnon
life trusteesP. J. “Jim” AdamDana K. Anderson Polly Roth BalesFrank J. Becker •Anderson W. ChandlerRichard B. CrayJohn C. DicusRay E. Dillon Jr.Archie R. Dykes Robert J. EatonJohn G. EriksenWilliam D. GrantEllen Jurden HockadayForrest E. HoglundStewart R. Horejsi
William M. HouglandEdward A. KangasKatherine Haughey LooRobert H. MalottGeorge E. Nettels Jr.Laird G. NollerCharles W. OswaldMarynell D. ReeceA. Scott RitchieFrank C. SabatiniGale E. SayersTodd SeymourDolph C. Simons Jr. •Glee S. Smith Jr.John H. Stauffer Sr.John T. Stewart III •Chester B. VanattaAdelaide C. Ward
in MeMoRiaMAlan R. Sleeper Jr., of Alden, Kan., died Aug. 12, 2012, at age 95. He earned a bachelor’s degree in 1939 and a law degree in 1942, both from Ku. After serving in the navy during World War ii, he returned to Kansas and became a farmer and rancher. elected Trustee in 1967, he served on the Agriculture and Minerals Committee from 1976 to 2003, when he was elected life Trustee.
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2012KU EndowmentAnnual Report
Mount oRead society
Cumulative outright giving
of $5 million or moreDana & Sue AndersonJustin R. & Jean Pinne AndersonDr. & Mrs. Marc A. AsherDavid G. & Suzanne Deal BoothBob & Connie EatonMr. & Mrs. Forrest E. HoglundJulie KivistoTom L. KivistoThe Hon. Carl C. KrehbielCharles W. OswaldMr. & Mrs. A. Scott RitchieMadison A. & Lila M. SelfMrs. Louis L. Ward
Cumulative outright giving
of $1 million or moreMargaret AminiMr. & Mrs. Philip F. AnschutzMrs. Dane G. BalesMrs. Fred BallMarianna BeachClay C. Blair III, EdD & Janet BlairA. Joseph & Jeanne Stiner BrandmeyerDr. & Mrs. Gene A. BudigAnderson & Edith ChandlerMr. & Mrs. Jack Clevenger
Joseph L. & Maude Ruth CramerJoy & Bob DaughertyWilliam & Judy DockingThe Hon. Robert J. & Elizabeth Hanford DoleDr. & Mrs. Archie R. DykesDr. Luther L. & Ardis Swanson FryBeverly J. GainesJayne B. & Walter R. GarrisonMr. & Mrs. Donald J. HallKathleen M. HallMr. & Mrs. Ronald G. HarperCharles E. & Kathleen M. HeathDavid L. & Gunda HiebertJulie K. HiltonL. Charles Hilton Jr. & Lela G. HiltonChristina HixsonCatherine HollandStewart & Ellen HorejsiMr. & Mrs. William M. HouglandJay & Julia HowardDr. Irving S. JohnsonKay & Monte JohnsonRobert S. KaplanGrant B. & Ellen Kelley Mr. & Mrs. H. W. Knapheide IIIMr. & Mrs. Charles G. KochJ. Bert LaddDr. Lawrence E. LambKatherine Haughey LooMr. Robert H. MalottKent & Missy McCarthy
Mrs. Ronald L. McGregorBetty Joe McMillenDr. Earl D. & Kathleen A. MerkelMr. & Mrs. Fred L. MerrillDr. Bette MorrisJoe C. & Susan A. MorrisDavid L. & Janet L. MurfinDiane E. NeisJames L. OsbornMr. & Mrs. Gary W. PadgettWilliam A. Reed, MD & Mary J. ReedCatherine M. RegnierRobert RegnierVictor RegnierRoger A. & E. Annette RiegerMrs. Robert B. RissMr. & Mrs. A. Scott RitchieThomas A. & Janette RudkinFrank C. & Judith SabatiniDaniel L. SchrinerSally A. Hare-SchrinerRichard C. Shaw, MDMr. & Mrs. Dolph C. Simons Jr.Linda Ellis Sims & Russ SimsJudy & Don SlawsonAnn Kuraner SmithPack & Jill St. ClairAlice StatlandLinda & John T. Stewart IIIMrs. Dwight D. SutherlandKeith Swinehart Sr.Martha Anne VarnesKen & Louise Wagnon
Thomas J. & Teresa K. WalshMr. & Mrs. Scott H. WardMr. & Mrs. Thomas S. WardDelbert L. & Barbara J. WilliamsonV. Cheryl WomackSir Robert M. WorcesterDavid S. Zamierowski, MD & Marilyn Moffitt Zamierowski
outlook society
Cumulative outright giving
of $500,000 or morePaul J. Adam Jr. & Barbara Mills AdamDavid J. Anderson, MDMr. & Mrs. Mike BeattyFrank J. & Barbara BeckerRobert M. BerenMrs. Jack R. BrosseauDr. David W. BrzoskaJoseph A. & Annabel H. ChristyHoward E. & Debra L. CohenScott T.R. & Elizabeth Green CoonsMr. & Mrs. Harry W. Craig Jr.Richard B. & Laura Shutz CrayTimothy A. & Heidi Jo CrownMr. John C. DicusDavid B. & Dee Ehling DillonMarlene DunwoodieDuane L. & Elizabeth F. FagerDr. & Mrs. George J. Farha
Mrs. Hubert M. FloerschTom & Kyle FutoHarry T. & Becky G. GibsonMrs. H.D. HaleBill HannaCleo B. HarrisRoss C. & Christine Ness HartleyMrs. W. C. HartleyEdward J. & Helen HealyRonald E. Hill, PE & Sue HillRichard A. & Jane HollanderFran HorejsiLarry D. HornerLawrence V. HouchinsClifford W. & Bonne A. IlligThomas N. & Anne O’Donnell KellyMr. & Mrs. Charles E. KimbellBrian C. & Barbara McLiney KingIrving KuranerKenneth R. LewisGeorge A. & Floriene A. LiebermanDorothy Wohlgemuth LynchMichael B. & Jeanine H. MaloneyMr. & Mrs. Robert W. McCollDee & Mike MichaelisDouglas & Audrey MillerMr. & Mrs. George E. Nettels Jr.Warren J. Newcomer Jr. & Theresa C. NewcomerEsther M. PattersonWilliam R. & Carolyn Kunz Patterson
More than 1,400 individuals appear in this 2012 Roll of Honor. They represent a community of leaders, loyal alumni and friends who understand the power of philanthropic support to build a greater university. As leadership donors to KU Endowment, they have earned recognition within our top giving societies. Their generous contributions strengthen KU today, tomorrow and into the future.
chancelloRs club Roll oF honoR
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www.kuendowment.org
William B. PendletonDee W. & Arthur C. Piculell Jr.Robert J. PliskyRoland L. & Winona RhodesThomas H. RinehartAllyn W. & Jill Bogan RisleyEdward S. & Janis Dye RissRichard G. & Betty C. RossmanMrs. Robert A. SchroederRichard L. & Jeannette F. SiasJohn H. Stauffer Sr. & Ruth Granger StaufferDr. Sherman M. SteinzeigDrs. Valentino J. & Beth StellaAlice Ann Jones StephensonMr. & Mrs. Clark D. StewartMarilyn J. StokstadNoel SturgeonMr. & Mrs. Todd L. SutherlandCharles R. SwyersRobert D. & Kathie TaylorMr. & Mrs. William B. TaylorRobert L. & Patricia Perkins TimmonsMr. & Mrs. Kyle D. VannClayton A. & Margaret A. WalkerMarjean WerriesDouglas D. & Laura L. WheatRobert C. & Opal D. WheelerThe Hon. Robert & Marlene WhittakerThomas G. Wiggans II & Kathryn WiggansMr. & Mrs. Sam R. WillcoxonMr. & Mrs. David C. WittigDean & Cheryl WolfeDavid C. & Kathryn L. WysongJames P. Zakoura
hill society
Cumulative outright giving of
$100,000 or moreDonald D. & Ann Wees AdamsMr. & Mrs. Kenneth G. AdamsMaurine Adams
Vicki & Steve AdamsMark J. Allen, MD & Louise Willing AllenRobert J. Allison Jr. & Carolyn G. AllisonDaniel W. & Katherine Kimbell AlmanzaMark AminDrs. Craig A. & Allison Head AndersonMr. & Mrs. Robert J. AndersonRobert R. & Melanie J. AndersonMalcolm W. ApplegateJune Hope ArakawaDr. & Mrs. Kenneth B. ArmitageDanforth W. & Gail Davenport AustinM. Mac & Debra K. AustinWilliam E. & Nan Cook AxcellDr. & Mrs. Daniel L. Azarnoff
Fern L. Badzin & James D. BadzinMike D. & Marta E. BainumThe Hon. Nancy Kassebaum BakerPhillip L. Baker, MD & Betty R. BakerRonnie Baker & Dierdre BakerMelody & Joe D. BalentineJohn W. & Cynthia S. BallardVern W. BallengerDr. Patrick N. & Ann C. BarkerRichard & Patricia BarrStephen BatmanCharles W. & Joan B. BatteyMaynard P. BaulekeJoe & Joanie BaumanDane E. & Diane R. BearLydia I. Beebe & Charles E. DoyleThomas D. BeiseckerSmitty G. & Donna BelcherDr. & Mrs. Randall C. BellCarol Askins Beller & Patrick Beller
Richard J. Bene Jr., MD & Belinda Vail Todd E. & Mary Cole BensonMary Hansen BensonJ. Robert & Janet B. BenzDr. Chuck M. & Beth Noe BergCharles J. BerkelHal J. & Eleanor L. BerkleyMike BerkleyBlake A. Biles & Laura L. Sessums, MDMr. & Mrs. Richard A. BillingsBeverly Smith BillingsBarbara Johnson BishopAlan BlackBarry Theil & Alice Russell BloomRandall J. & Nancy Stinson BlueWayne J. & Patricia BoeckmanDouglas B. Bogart, MD & Martha A. Bogart, PhDJohn E. & Grace M. BohannonPat & Linda BolenDick & Sue BondDr. Daniel C. BoonePaul M. Borchardt & Susan Gatton BorchardtDr. & Mrs. Ronald T. BorchardtScott R. & Julie Finger BorchardtMrs. Larry J. BordenRay L. & Raena L. BorthR. Dan & Dale P. BoulwareRobert D. & Gail F. BowlingNancy Lee BowlusTom & Judith Strunk BowserMichael R. BoyceBob & Mary Jane BoydDonald R. Brada, Sr., MD & Kay Cromb BradaMichael J. & Susan Fink BradleyR. J. (Jay) & Connie BreidenthalMrs. John K. BremyerJack H. BrierCyndee Brock
Charles L. Brooks, MD & Denise Toomay BrooksPat & Paula BrooksDr. & Mrs. David James BrownJerry C. BrownPeedee & Phillip S. BrownVirginia L. BrownWilliam W. & Sheila BrownJim & Terry BroylesLarry K. & Vicki L. BrubakerHerbert C. & Bonnie M. BuchbinderMr. & Mrs. C. Robert BufordJohn & Mary Ann BumgarnerRobert L. & Denita G. BurgessVincent G. & Valerie Howard BurkeMrs. George Burket Jr.Edward C. BurnsAnn BushJohn Bush
Elizabeth S. CaldwellMr. & Mrs. Albert D. CampbellGayla Carney & Daniel M. CarneyMr. & Mrs. Michael CarrNorman & Virginia CarrollEd C. & Becky H. CarterArnold CaviarJeffrey A. Chanay & Kristin Anderson ChanayDan L. Chandler & Patricia WilliamsHak Soon ChangPaul ChangRichard B. & Marcia ChesneyRuth M. Chiga, MDMasakazu ChikiraThomas & Dorothy ChildersDr. & Mrs. Tom D. Y. ChinDaniel G. ChristieDavid J. ChristieRichard C. ClarksonJohn D. & Betty S. Cleland
Joseph ClelandRaymond C. Clevenger IIIMr. & Mrs. Thomas R. ClevengerMr. Jack C. & Dr. Rita Harris CliffordStephen R. & Barbara V. CloudNorman L. & Shirley D. CochranJerry B. & Catherine A. CohlmiaBarry L. ColemanFaith & Dick ColemanMack V. & Sara Clawson ColtBrian ComitoDouglas J. & Lara ComptonGail F. ComptonMrs. Robert D. ConnDaniel P. ConnealyMary Kathleen ConnellSteven R. & Linda Zarda CookTroy D. & Paige Janes CookAllane CorcoranDr. Larry D. & Marcia A. CordellDale C. CorderRobert & Karen CorderDonald L. CordesWilliam C. CrabbStephen J. & Joan Stover CraigCharles & Sandra CramHoward E. Crawford & Norma K. CrawfordMr. Cloud L. Cray Jr.Dr. & Mrs. Richard J. CummingsKevin CunninghamCathleen S. CurlessDave & Carolyn CurnuttDr. Terrence Curran
Cathy DaicoffWilliam A. DannErwin & Esther Souget DavidCaroline Claymann Davidson & Dr. Patrick G. DavidsonRoger W. & Julie L. DavisTerrence A. DavisJoseph W. & Leatha Sanford Davison
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2012KU EndowmentAnnual Report
Donald A. & Carol A. DawsonDr. & Mrs. Howard A. Day Mary-Elizabeth DebickiWilliam N. Deramus IVThomas R. DevlinT. S. & Alice M. DibbleJohn B. & Brenda DicusCarolyn A. DillonMr. & Mrs. Ray E. Dillon Jr.Reed & Stacey D. DillonIda W. DixonJohn B. Dixon, MD & Mrs. John B. DixonSteve & Maggie DixonWilliam D. Dixon, MDThomas & Jill DockingDr. Kenneth & Margaret Lincoln DonlanMrs. C.A. (Joe) DoolittleDr. & Mrs. John DoullJoseph L. & Sherry A. DowneyJohn E. & LaVivian A. DrakeGisela M. Dreschhoff, PhDRobert L. & Marilyn Rockwell DriscollTom & Frances E. DudleyJames G. Duff & Beverly L. DuffSara & Bob DunneRonald J. & Dawn M. Dutton
Robert EckholtJohn M. & Mary Ann EdgarR. A. & Terry B. EdwardsBarbara F. EhrlichD. Mikel Elder, MDDavid S. & Debbi C. ElkouriKenneth S. & Bonnie W. EllingtonJohn A. ElliottStephen R. & Barbara EllsworthJohn & Rosy ElmoreKelly Borchardt ElrodDr. Calvin EngelmannE. LaVerne & Marilyn EppDan J. & Jane W. Ertz
Ray D. & Sarah A. EvansSam & Terry Evans
Mary F. FahrerElizabeth Fink FarnsworthMrs. David FaymanMr. Franklin E. Fearing & Mrs. Marian Cox FearingMartha J. FeeAnne Morrison FeighnerPaul M. FergusonGary L. & Susan K. FinchamKeith & Kathie FingerKathleen K. & Robert M. FitzpatrickMonte Robbins FlanneryJohn P. Fowler II & Doris M. FowlerWilliam E. FranklinDonald R. FraserHoward & Sharon FrickeCharles L. & Diane Paris FrickeyDouglas A. Friesen, MDTim B. & Cindy L. FritzelDiane Shelton Fritzel & Andy T. FritzelThomas S. Fritzel & Dru Stewart FritzelDr. Dean E. & Kathryn I. FritzlerPaul G. FryJ. Larry & Dana M. Fugate
Ilse GallowaySharon Perry GallowayCharles A. & Patricia A. GarneySandra W. GauttBill & Cynthia D. GeigerJoyce Anne GeneraliMr. & Mrs. Jeff GentryGunda I. Georg, PhDMichael C. & Vicki L. GermannPatrick R. Gideon & Karen Ray GideonMr. & Mrs. Donald W. Giffin
John H. Gilbert, MD & Ines Ascoles GilbertSusan B. Glatt & Dennis J. AguiarJimmie & Louise GleasonDrs. Glenn D. & Joyce GoldsteinMr. & Mrs. Fred A. GollierGrant K. GoodmanRichard D. GoppertTheodore T. Gradolf II & Barbara Truskett GradolfArnold R. Graham Jr., MDCarol GrangerBobby C. & Anne GrantWilliam & Mary GrantW. Thomas Grant II & Jane Hedrick GrantGreg & Deanna GravesMr. & Mrs. Donald GrayLewis & Laura GregoryTroy A. GregoryGeorge F. & Teresa G. GriebTeresa M. GrimmMegan & Michael A. GrossmanStuart Grossman, PhD & Harriet GrossmanGary L. Grunewald, PhDJoe & Pat Madden GrzendaJeff GueldnerJames & Jane Gunn
Richard & Treva HadenDr. Scott Haesemeyer & Dr. Jennifer L. LivingstonKirk & Kendall HaganKenneth V. & Marilyn J. HagerMr. & Mrs. William R. Hagman Jr.Christopher M. HahnBenjamin D. Hall, PhD & Margaret Black HallDavid E. & Laura H. HallDonald J. Hall Jr. & Jill S. HallEltrude Elliott HallMr. & Mrs. William A. Hall
Dr. William J. & Elaine Thalman HallRobert K. & Doris A. HamiltonRolland M. HamiltonMuriel K. HannigCarol Cooper Hansen & George E. Hansen, IIIEric L. & Lana Perry HansenDr. Gary L. HarbinTom & Jan HardyRichard R. & Karen A. HargroveRick A. & Suzan HarringtonFrederick & Louise HartwigStephen D. & Sheri Welter HauckJohn W. Hawkins, MD & T. Michele HawkinsLarry & Frances HeckDebra L. Heidgen, MD & David J. KingRichard L. Heiny, PhD & Suzanne N. HeinyPaul L. & Dorothy M. HellmanRichard Hellman, MD & Julie HellmanNancy Lindsey HelmstadterRex W. & Lisa J. HenochWilliam H. Hensley & Dana K. HensleyLawrence Hickey Jr.Peter T. & Jennifer E. HiguchiScott H. HilkeneStephen H. & Marcia Hannon HillDennis E. & Marci HillhouseDick & Sue HimesJack D. & Glenda Evans HintonSteve L. & Jane Beach HippIrvine O. Hockaday Jr. & Ellen Jurden HockadayLisa Rinehart & Larry C. HoffmanMark H. Holefelder & Catherine Naughton HolefelderNancy HollandDavid N. & Deborah S. HollowayBrent Holman, DDS
Richard H. & Elizabeth A. HooverThomas J. Horner Jr. & Jacqueline A. HornerDrs. Daniel F. & Martha L. HousholderJohn HowiesonStephen R. & Mary Ann Iliff HughesDorothy L. HulaKaren Sanders Humphrey & Mark E. HumphreyMary Lou HumphreyDr. & Mrs. John D. HunkelerMarsha L. HuntDavid HurlbutRuth HurlbutJo Sicking HurleyHarry P. Hutchens Jr. Elizabeth Ann Hylton
Robert M. & Marjorie M. IdolBarbara Irish
Joseph JacksonRoscoe G. Jackson II, PhDEric Thor & Alison B. JagerRich JantzAnn S. JanzenDavid A. & Linda A. JenkinsJerry J. & Kay M. JennettElizabeth E. JenningsA. Drue & Emily JenningsWynne R. & Marchea K. JenningsNorge W. Jerome, PhDDr. & Mrs. J. Richard JohnsonLarry & Peggy JohnsonLeland & Rose JohnsonWilliam C. Johnson Jr. & Fran O’Brien JohnsonJoe B. & Nancy Schehrer JonesThomas E. & Kay L. JonesKevin R. & Nancy Hansen Jones
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Thomas K. & Patricia L. JonesBetsy & Maurice JoyLeonard W. Jurden IV & Juliana R. Jurden
Marjorie H. KaffGregory J. & Katherine Dunn KallosMr. & Mrs. John F. KaneEdward A. KangasDarren W. & Teresa Cosentino KarstK. Richard KeelerWilliam R. Keeler, MDLarry E. Keenan & Patricia L. Degner-KeenanRobert W. KeenerCharles W. KellerE. Allen & Barbara Hampton KelleyJohn & Muff KellyBruce & Carol KeplingerGerald R. Kerby, MD & Arlis Bergsten KerbyAndress & Marge KernickRonald & Loretta B. KetznerLouisette Genex KimYoung Chull Kim Del KimballMichael & Michelle KimbellDr. & Mrs. Lynn H. KindredJames & Anne KindscherLarry R. Kipp, PhD & Elizabeth Remer KippRobert A. & Deborah Y. KippMr. & Mrs. Frank H. KirkJoan KirkhamLisa StevensBarbara L. & Robert A. KleistJo Ann KlemmerMr. & Mrs. Eric T. KnorrDr. Robert M. KnoxW. Robert Kohorst & Shelley A. AllenThomas G. & Polly Kokoruda
Dr. Harwood G. KolskyRichard & Debbie Vignatelli-KonzemRon A. KoppBradley G. KorellRobert L. Kulp, MD & Arlene R. Kulp
Tighe W. & Margaret Salisbury La RueMargaret Longwood LambMae C. LandauerDavid C. & Rebecca LaneyMr. Richard D. Smith & Sondra M. LangelRon LarimoreSteve LarsenThomas E. & Nancy DeYoung LauermanWalt Launey, MD & Bonnie E. LauneyDrs. Stephanie & C. David LawhornJohn O. & Lois A. LeathermanMr. & Mrs. Mark S. LedomIngrid LeeRonald T. LeMay & Casondra C. LeMayJenny LetschBernard LevineHunter LewisJim W. LewisJim & Linda LewisDr. Mark F. & Susan M. LierzStephen & Terry LightstoneJohn V. Lindsey Jr. & Janice L. ConnerDrs. Herbert B. & Carol J. LindsleyLaura Hartley Lintecum & Frederick B. Lintecum, MDMr. & Mrs. Thomas G. Lipscomb IIIMr. & Mrs. Donald S. LocktonGeorgia Lou Loescher-Junge
Dr. William C. & Joyce Ann LoewenJames K. & Beverly J. LoganLarry Kanter & Shelly J. LondonMazie Johnson LongMr. George Lottes & Ms. Kari LottesC. Wayne LouderbackFrank T. Louk Jr. & Carole E. LoukDr. & Mrs. G. Charles LovelandDaniel H. & Margaret J. LoweMrs. Herlan O. LoydRobert W. & Mary Jo LoydJoseph H. & Penny P. LumpkinSusan & James E. LundJohn W. & Linda E. LungstrumWilliam C. & Betty LuskBruce A. & Michelle LutzAnna M. LyleDr. Michael F. & Sarah J. LytleWilliam H. Lytle & Rev. Nancy Jerome Lytle
Guy O. & Rosa Lee MabryRichard & Barbara MacArthurCharles E. MackeyMani M. Mani, MD & Rebekah K. ManiJulie & Danny ManningBary L. & Anita L. MarquardtScott D. MarsDrs. Connie M. & Gene E. MarshDr. George W. & Sandra M. MarshallLarry L. & Barbara Criss MarshallKenneth & Gertrude Irene MarsiJohn B. & Bonnie MartinKatherine Beasley Martin & Thomas B. MartinDr. & Mrs. Norman L. MartinPatricia J. MartinRichard E. MartinDrs. Kenneth A. & Sheila A. Martinez
Leon V. MasonJackie B. Massman & Henry J. Massman IVMr. & Mrs. Charles E. Maxwell IIIDavid J. McBride, PhD & Carolyn D. McBrideTom & Meef McBrideRose Marie McCabeCarl & Lee McCaffreeGlenn E. McCannLynn L. & Madeline McCarthyBrian & Beth McClendonMary F. & Michael L. McCormickWilliam R. & Ann E. McCortDr. & Mrs. Michael T. McCoyJ. Gary & Joann Watkins McEachenWilliam & Katherine McGillivrayBarbara Artinger McHughLavone T. McIntoshKent S. & Janet Martin McKinneySidney A. McKnight Jr., DDS & Carole Popham McKnightJohn & Melanie McMillionGeorge R. & Marilyn L. McNeishBruce M. & Patricia Mullen McPhersonMichael E. & Belinda Brown McPhersonMary A. McRaeBarbara Ann Werbe MeekIrene Frances MeigsBilly Bert MeridithDr. Daniel F. & Annie MerriamSarah E. Merriman & Donna J. GeislerRichard B. MetteeCharles D. MichenerDavid & Julie MikolsJohn D. & Nancy L. MilesDouglas C. Miller & Susan Edwards MillerPhil MillsJohn & Sandra MitchellJohn W. Mitchell Jr. & Margaret Katherine Mitchell
Paul H. & Nancy M. MitchellMr. & Mrs. Lynn MitchelsonLester & Betty MitscherJohn H. & Cheryl L. MizeJohn W. & Karen A. MizeMrs. William H. MonroeAlbert S. & Connie MooreMr. & Mrs. Robert J. MooreRichard K. MooreJohn A. MoranMr. & Mrs. Bernard L. MorganDr. John & Meredith MorganTodd W. & Barbara A. MorganTodd E. & Kim L. MorgensternJeff & Mary Margaret MorrisonMichael W. & Marsha MorrisonMr. & Mrs. Richard L. MorrisonGeorge R. Mrkonic Jr. & Barbara M. MrkonicDaphne Muchnic Christopher D. & Laurie L. Nutt MuderCharlotte A. MuellerMrs. Martha E. MuncyJohn & Denise MundyDr. J. Patrick & Jane MurphyKala A. Musick
Courtney H. & Phyllis Adams NasonArthur V. NeisRobert C. Nelson, PhD & Lois Adams NelsonJane Letton NettelsBradley S. & Lisa M. NiederMichael C. Noland, PhD & Karen Dicke NolandBarbara NordlingDr. & Mrs. Jerry M. NossamanJoAnn M. NunninkRobert W. & Mary Nyquist
Thomas P. O’Farrell, MD & Nancy D. O’Farrell
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2012KU EndowmentAnnual Report
John D. & Linda Ward O’HaraCharles L. & Kristin Pieper O’KeefeRichard S. & Margaret F. O’NeillConrad R. OdellPatrick R. & Brenda Jo Austin OenbringEileen Maloney OlanderMaynard F. & Sarah OliveriusM. Lindsay OlsenO. A. “Bud” & Dixie Ann OlsonKalman A. OravetzGage & Mary OverallRichard & Virginia Owen
Richard S. Paegelow & Chris TangRobert & Barbara PalanDr. Kent E. & Marsha E. PalmbergJames M. & Beatrix B. PalmerMr. & Mrs. Stephen C. PalmerCharles L. & Alice ParcellDavid P. & Carol L. ParkerJohn J. & Nancy P. ParkerLaird G. Patterson, MDMr. & Mrs. Kenneth B. PearlTom & Janice PearsonMr. Robert P. PeeblerPat & Cheri PeeryMr. & Mrs. Charles W. PefferTed K. & Marlene M. PendletonWilliam J. & Marlene VanGundy PennyJoseph A. & Susan E. PichlerWilliam A. & Traci Gregory PickertDiana Carlin Pierron, PhDWilliam & Kathryn PollardMichael G. & Lori J. PorterNicholas K. & Mary Ann Huddleston PowellDick & Nancy PrattTodd E. & Colleen K. PreheimR. Steven & Martha Preston
John A. PriddleJohn & Ann Prosser
Dirk L. & Leslie Riss RaemdonckRoger A. Rajewski, PhD & Lian Goei Rajewski, PhDMr. & Mrs. Richard H. RaneyPerry L. Rashleigh, MDMark & Maureen RasmussenThomas J. Rasmussen, MD & Lynn RasmussenMargaret S. & Connie J. RayVirginia H. RaylChristopher J. & Rosalynn Finney RedmondJack & Jonya RedwineMarynell D. ReeceRachel Lipman Reiber & Frank M. ReiberMr. & Mrs. Gilbert M. ReichMr. & Mrs. Jerry H. ReillyJ. R. ReillyCathy Reinhardt & Norman St. LaurentJim & Sandy RemsbergChris & Lisa RheaJay & Cynthia RichardsonJohn & Nancy RileyMr. David A. RingleLisa Cave Ritchie & A. Scott Ritchie IIIEdward & Barbara RobertsIrv R. RobinsonJeannine V. RobinsonMr. & Mrs. John H. RobinsonMr. & Mrs. John H. Robinson Jr.John A. & Nancy P. RodgersDarol & Karen RodrockMr. Davis RossMr. & Mrs. Stanton E. RossJan RothC. K. RowlandLandon H. & Sarah F. RowlandDave G. Ruf Jr. Dave Ruf
Jay P. RufJeannie H. RufPhil G. RuffinJohn B. Runnels, MDEmily RussellWilliam J. Russell III Ed & Laura Ryan
Dan & Nicole SabatiniJohn E. & Alicia Laing SalisburyDru & Bill SampsonMike & Cathy SannerThomas W. & Nancy SarowskiY. Sasaguri, MDJanet & J. William SaylerKent P. & Donna C. SaylorDonald D. SbarraDr. Paul R. & Louise M. SchloerbRodger & Susan E. SchlotzhauerWarren SchmidgallGregory & Linda SchnoseDr. Elizabeth Avery SchultzDonald & Ruth Ann SchwartScott A. & Shauna SchwartDr. Eugene W. & Margaret SchwartzJames K. & Kelli L. SchwartzJoyce Tobiasen Schwartz, PhDJames H. & Bonnie C. SchwartzburgGregory E. Schwerdt, AIA & Laura A. SchwerdtGary R. ScottDavid E. & Katrina SeitzMrs. Robert V. SellersDrs. Robert & Evelyn SenecalRoger & Kathleen SevedgeCurt D. & Kay Stanley SeymourMr. & Mrs. Paul A. Seymour Jr.Mr. & Mrs. William H. Shackelford IIIIma Kaye ShafferDr. Delbert & Carol ShankelJohn & Molly ShawverRichard L. ShieldsMichael G. & Joyce N. Shinn
Lori F. & Chad J. SimmonsMr. & Mrs. Dolph C. Simons IIIDan C. Simons, Sr. & Trisha SimonsGrover B. & Mary E. SimpsonFred N. & Lilian SixR. Todd SlawsonSteve W. & Becky Nettels SloanDonald E. SloanEldon SloanDr. Milo G. Sloo III & Carol Ann SlooBrian L. & Cary L. SmithE. Dudley & Joyce Mortenson SmithMr. & Mrs. Glee S. Smith Jr.Lucille J. SmithMr. & Mrs. Lee SmithymanCynthia Wehrwein Snyder & Bruce E. SnyderR. Lance & Molly SnyderDr. Sue & Mr. Drew SnyderMorton & Estelle SoslandTimothy & Marybeth SotosStefanie R. & Kevin P. SparksCharles A. Spitz, AIA, NCARB & Margaret Hundley Spitz, OTRJanet Stoltenberg SplitterMelissa Beeman Spratt & Dennis P. Spratt, MDIsaac F. Stallworth Jr.Laura Riss StanfordDr. Charles L. StansiferRoger D. & Judith Duncan StantonMartha Cernich StantonRobert L. & Lynne Gerlach Zoellner StarkMadeline StaufferMr. & Mrs. Myron D. SteckleinMazzie Lane StegerRobert L. & Mary Kay StephensJon L. StewartH. Dean & Marlene StineBill StolzerDr. Robert E. Stowell
Monty & Catherine StreckerBarbara J. Phipps & Robert J. StromJack L. Stuber, MD & Barbara J. StuberMichael D. StultzMr. & Mrs. John S. SuhlerDr. Daniel J. & Marcia G. SuiterJanis Steinbrecher Sullivan Jacki SummersonTerry J. SutcliffePerry H. SutherlandTerry J. Sutton, MD & Nancy C. SuttonRobert R. Sweatt III & Amy D. Sweatt
Hope A. TalbotPete & Judy TalbottJack C. TaylorMatt & Paula TaylorRick TaylorRon & Deb TeeterElden C. TefftPatricia A. Thomas, MD & Martin K. HaynesRobert M. & Rebecca Myers ThomasGregs G. & Mettie L. ThomopulosWillard B. & Barbara L. ThompsonFrank L. & Evangeline A. ThompsonMike & Karen L. ThompsonJeanne E. TillerJeanne Waymire TinbergMurli & Mona TolaneyMichael L. & Teresa TreanorLeonel E. & Helen L. TustisonDouglas & Karen Tyler
Laurence P. & Sheila A. UllmannNelva R. Unruh
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Jan F. van Sant, PhD Mr. & Mrs. Chester B. VanattaRonald J. & Colae VecchieKevan A. & Gail Ellena VickJoanie Humes VignatelliS. Jane Voorhees
Mr. & Mrs. Thomas W. WagstaffNancy Partin Wahl, PhD & Robert W. Wahl, MDMrs. John B. WaidGary A. Waldron & Carol A. Foster, PhDDrs. Elbert & Carol WalkerDaniel & Yvonne WallDavid M. WallMr. & Mrs. William E. WallWilliam J. Walsh Jr. & Kate Mrkonic WalshLinda M. Walton & John MullerRobert J. & Sharon M. WanerJohn P. Ward Jr.J. Michael & Chris WaringDrs. Roger D. & Linda D. WarrenKurt D. & Sue WatsonDavid & Barbara WeaverWarren W. & Connie H. WeaverWallace N. Weber, MDJohn W. Weigel, MD & Mary L. WeigelMrs. James H. WeimerJohn S. & Glenna Long WeirJoseph & Clare WelchMrs. Quinton R. WellsMax M. Wells, MD & Gayle Hahn WellsDavid B. & Jennifer Chaulk WentzS. Thomas & Anita WertzDr. Ken L. & Annette WertzbergerGerald M. WhiteRobert M. White
Thomas D. WhiteBruce L. WickertMr. & Mrs. Lewis WiensDr. Howard L. Wilcox Jr. & Catherine E. WilcoxSue Grosjean WilcoxFred & Anne WilliamsRoy A. & Wanda J. WilliamsTodd B. WilliamsGeorge S. & Beverley M. WilsonJeff & Vicki WilsonDonald C. Wilson & Kimberly Lynn WilsonElizabeth Hartley WinetroubWinton A. Winter Jr. & Mary Boyd WinterWinton & Nancy WinterOsborne S. Wong, PhDRobert & Barbara WoodRay WoodsRick & Lorie WornerRobert S. & Barbara Bateman Wunsch
D. Spencer YoheLee F. YoungSharon Young
Dr. Alejandro & Lida ZaffaroniDr. Dewey K. ZieglerMr. J. E. Zimmerman
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ouR mission and coRe values
KU Endowment partners with donors in providing philanthropic support to build a greater University of Kansas.
ouR coRe valuesPassion for KU — The generosity of alumni and friends influences the very fabric of KU, helping the university advance the frontiers of knowledge. We are dedicated to serving the university and helping it achieve its aspirations.
Partnership with donors — Our donors empower us to accomplish our mission. We pledge to faithfully administer their gifts, adhere to their philanthropic intentions and respect their requests for privacy.
Perpetual support — The long-term vitality of KU represents our ultimate, unwavering goal. We strive to wisely invest funds and steward property, with the goal of achieving the greatest possible assurance of long-term financial support for the university.
People-centered approach — Our team of employees, trustees and volunteers guides our present and shapes our future. We seek to attract and develop the best talent, value each individual’s unique contributions and celebrate diversity as a strength.
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Research and Writing
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