donor annual report 2014-15

Donor Annual Report 2014-15 I 1

DONOR ANNUAL REPORT 2014-15

2 I Donor Annual Report 2014-15

In assessing accomplishments of the past year, I can assure you that the hallmarks of a DePauw education that alumni recall are still here and continue to be cultivated in preparing students for lives of purpose and meaning. Alumni should take pride in the DePauw of today, and rightly so, because you have supported that success in many important ways.

Faculty members, who are active scholars and researchers, are engaged in vigorous and deliberative work to enhance the curriculum, including new courses designed to prepare students for an increasingly global work environment. They have also participated in significant discussions to examine the goals and outcomes of a liberal arts curriculum – namely, that students learn writing, speaking and quantitative reasoning in order to become effective leaders in their communities.

The most engaged students at DePauw are those who are connected to their coursework, campus life, and experiential learning on a national and international level. The challenge is to advise students in making connections among all three areas. A new program, Compass Advising Program, is designed to bolster students’ intentionality in terms of choices for their curriculum and pursuits of their practicum.

MESSAGE FROM THE PRESIDENT

Brian W. Casey

Supporting this dynamic is the Kathryn F. Hubbard Center for Student Engagement, which was formally dedicated this fall and is located in the substantially renovated Memorial Student Union Building. The Center for Student Engagement provides information, resources and advising in the areas of service, study abroad, national fellowships, pre-professional advising, internships and career development – including Winter Term and summer experiences. This integrative approach enables DePauw students to tie the many threads of their liberal arts experience together in meaningful ways that enhance their employment and graduate school opportunities.


for the more than half of the student body for whom sports are an important part of their DePauw experience.

The accomplishments above and more could only happen with the support of alumni and friends, including those who recommended prospective students to the Admission Office, mentored current DePauw students, provided internships, spoke on campus, made gifts and assisted in many other invaluable ways. To all of you, I say thank-you for making DePauw the university it is today and will be in the future.

The DePauw School of Music officially launched its new downtown Greencastle space, Music on the Square, with a ribbon cutting by internationally renowned cellist Yo-Yo Ma. This innovative space features a community music school, courses for lifelong learners, faculty and guest artist performances, and a wide array of community events. It is bringing a new vibrancy to the DePauw and Putnam County communities.

The Student Life staff continues to work to create more student-centered spaces on campus as options for student gathering and socializing on campus to enhance the social environment. The greatly expanded Athletics Campus provides outstanding facilities


TABLE OF CONTENTSPresident’s Message .................................................. 2

Message from the Vice President for

Development and Alumni Engagement ................... 5

Ways to Give .............................................................. 6

Giving at a Glance ...................................................... 7

Stories of Support ..................................................... 8

Message from the Vice President for

Finance and Administration ................................... 38

Board and Committee Lists .................................... 40

“Colleges like DePauw can’t exist, much less prosper, if people who graduated from that institution don’t give back to it. Whereas the past has provided you with this education, it is now your job to provide that to the future generations of DePauw graduates.” – TIMOTHY H. UBBEN ’58, trustee and honorary chairman of The Campaign for DePauw


Dear Alumni and Friends,

“You are the heirs of all the past. It is yours to use, to increase and to bequeath to your successors.”

That President’s Charge has been read to each class of DePauw graduates for decades. It signifies the benefits our graduates receive as students at DePauw and the opportunity they have to pay it forward as alumni.

The alumni, parents and friends highlighted in this publication understand that their philanthropy provides the fuel to power and sustain DePauw and every experience it offers. This campus is a place they love and call home. Those who support the University with gifts want to ensure that generations to come have the opportunity to take part in a DePauw education.

The exceptional liberal arts education provided at DePauw celebrates talented faculty and students from various backgrounds and encourages experiences beyond the classroom all within a beautiful campus. A low student-to-faculty ratio, study abroad opportunities, internships, merit and need-based aid, career services and other specialized opportunities for our students are all realities that most students in higher education never have the opportunity to experience. And it is all possible thanks to those who pay it forward in such astounding fashion.

During the past fiscal year, DePauw became stronger in almost every way. Significant investments in The Fund for DePauw and other annual giving programs hit an all-time high. The addition of more than $20 million in funds specifically dedicated to endowment increases the opportunities we have to make a robust commitment to student access and experiences. We are moving steadily ahead, but there is still much work to do.

As you consider a gift to DePauw this year, please also encourage a classmate, fellow parent or friend to support DePauw. We need more alumni, parents and friends to join in this endeavor, and the cumulative impact of all the donors and dollars we receive cannot be understated. DePauw can only survive – and thrive – in the future if we are among the very best institutions of our type in the nation. Those who cherish the education and experiences here know that our graduates make a difference in the nation and world. Leaders and thinkers of consequence don’t happen without an extraordinary foundation and ongoing support.

We have a history of achievement and a clear vision for the future. Now it’s our time to help DePauw reach its full potential as one of the best schools in the country. Together, we can change lives and improve DePauw for generations to come. Thank you for your outstanding and important support of DePauw.

FROM THE VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI ENGAGEMENT

Melanie J. Norton


WAYS OF GIVING» Pledges or new commitments can be made at any

point and most commonly fulfilled through gifts of cash, securities, Visa, MasterCard and Discover. A gift of securities may also yield additional tax benefits through the avoidance of capital gains; you should discuss this with your financial advisor, as every situation is different.

» Many donors are eligible through their employer to receive matching funds for gifts to DePauw. If you are unsure whether this benefit is available to you, please check with your employer’s human resources department.

» Life-income gifts, such as a charitable gift annuity or remainder trust, can provide a lifetime of income through your charitable gift. In some cases, if using cash or low-yield assets such as a certificate of deposit, you may increase your annual income through establishing a life-income gift with DePauw.

» A bequest in your will or through your living trust allows you to make a gift to DePauw that, in many cases, was not possible during life. You maintain control over your assets during life to meet unexpected needs, and your estate will earn an estate tax deduction for the value of your gift when realized by DePauw.

» Real estate and personal property make wonderful gifts. Primary residences, vacation homes, farms or personal property such as art are popular choices for many donors.

WAYS TO GIVEA gift to DePauw University is a meaningful statement of your belief in the mission of the institution and its ability to provide its students with a transformative, liberal arts experience. Whether you support our Annual Giving programs, make life-changing opportunities for study abroad possible or establish an endowed scholarship fund, your gifts to DePauw are deeply appreciated.

Your philanthropy at DePauw can take many forms, each equally important, and allows for you to make the best gift that is right for your financial situation. Whether it is an immediate gift of cash, securities or property; a life-income gift such as a gift annuity or a charitable remainder trust; or a planned gift through your will, your loyalty to DePauw will support this generation of students and beyond.

» Beneficiary designations of retirement plan benefits and tax deferred assets, such as IRA and 401(k) plans, make excellent gift choices. When given to DePauw, these assets pass untaxed to the University, whereas leaving them to heirs can result in significant tax liabilities.

» Life insurance is a forward-thinking gift that often allows you to make a larger gift than otherwise may have been possible. Whether you have an existing policy that is no longer needed or create a new one, you can name DePauw as either the beneficiary or the owner, and you may be able to deduct your premium payments.

» Charitable Lead Trusts are an effective planning vehicle that incorporates both the transfer of wealth within families and charitable giving. Assets placed into a lead trust provide an immediate tax deduction for the donor and immediate income to DePauw, usually for a fixed term of years. At the trust’s termination, the assets pass back to the donor or the donor’s designated beneficiary, usually children or grandchildren, with the potential for substantial tax savings. A lead trust is a powerful instrument for donors who anticipate high federal estate or gift tax issues in the future.

» Please visit our website to make a gift online (depauw.edu/giving) or contact the Development Office at 800-446-5298 for additional information about making a gift or charitable plans for DePauw.


DePauw University gratefully acknowledges the gifts and pledges that comprise the 2014-15 fiscal year giving. In addition, to the new gifts and pledges detailed here, an additional $9,366,535 in payments on prior years’ pledges was also received, bringing the 2015 grand total to

$42,491,979.

2014-15 GIVING AT A GLANCEALL GIFTS AND PLEDGES BY SOURCETOTAL: $33,125,444

ALL GIFTS AND PLEDGES BY PURPOSETOTAL: $33,125,444

7,251ALUMNI DONORS

812 WASHINGTON C. DEPAUW SOCIETY ANNUAL MEMBER HOUSEHOLDS (Alumni, Parents and Friends)

29%

2%

2%

26%

43%

2%34%

15%

31%

Gift and pledge figures are from July 1, 2014, through June 30, 2015.

TRUSTEES ($11,322,458)

PARENTS ($707,817)

FACULTY, STAFF AND FRIENDS ($658,751)

ANNUAL GIVING ($5,241,477)

ENDOWMENT/BOARD DESIGNATED ($8,632,295)

FOUNDATIONS AND OTHER ORGANIZATIONS

($10,259,392)

BUILDINGS AND GROUNDS

($14,374,196)

BUSINESS/INDUSTRY ($699,465)

CURRENT USE – RESTRICTED PURPOSE ($4,877,476)

ALUMNI ($9,477,561)

16%


1Student Access and Financial Aid


Since DePauw University’s founding as Indiana

Asbury, the University has sought to offer educational

opportunities to students with the gifts and potential

to use them to fullest advantage. We have long been

committed to access for students regardless of who they

are or where they come from. In fact, that commitment

dates back to 1837, when our original charter called on

the community to maintain the school “for the benefit

of the youth of every class of citizens, and of every

denomination, who shall be freely admitted to equal

advantages and privileges of education.”

It is not enough to admit students from all walks of life.

We must ensure that our students – the students who

are destined for DePauw – can afford to enroll. Through

The Campaign for DePauw, we will rise to meet that

challenge. On our climb, we will become a stronger

institution, more secure in our reputation and more

widely known for admitting students of exceptional

academic merit. DePauw offers admission to students of

the highest caliber. However, we cannot always provide

the financial support needed to make up the difference

between the cost of a DePauw education and the amount

a student is able to afford. Too often, our admitted

students must focus on the aid we offer, rather than on

how the education we provide can transform their life.


INSPIRING STUDENTS TODAY AND TOMORROWMARVIN E. FLEWELLEN ’85 AND CAREN L. FLEWELLEN

When Marvin E. Flewellen ’85, CFA, was a student at DePauw, he had significant financial need, and the University

provided critical support while he was earning his degree in computational mathematics, lettering in both baseball and football, and even playing basketball his freshman year.

In addition to an all-around quality education, Marv believes that part of a liberal arts experience is learning to give back. This tradition was built on the foundation he received from his parents – his father was a pastor and missionary in the Church of God and his mother a special education teacher. They were missionaries in Bermuda during the 1960s. “One of the key reasons I give back to DePauw is to support and encourage students at this key point in their lives. I want to inspire and encourage current and future students,” Marv says.

He became a consistent donor soon after graduation, primarily supporting the Annual Fund, which is now The Fund for DePauw. Now, through The Campaign for DePauw, Marv and his wife, Caren, have increased their support by establishing the Marvin E. and Caren L. Flewellen Endowed Scholarship for DePauw students who have demonstrated financial need and intend to major in the STEM fields. Marv and Caren set a priority to support students with significant socioeconomic barriers to college entry and who are typically underrepresented in STEM majors.

Marv, a DePauw trustee since 2003 and former chair of the investments committee, is a senior client portfolio manager-insurance/global strategies with

the fixed income group at Invesco, located in Atlanta. He earned his M.B.A. degree in finance from The University of Chicago Booth School of Business in 1990 and is a CFA® charterholder. Caren, a graduate of University of Illinois and Northwestern University, was a marketing specialist and has served in several leadership roles in the school system, community and church, and served as the first female executive vice president of Simmons College in Louisville, Ky., for two years. They are the parents of four children and fully appreciate the rising costs of education. “The campaign provided a context and an opportunity for us to focus our support of education where it can make a true difference,” Marv says. “We wanted to build on our earlier gifts to the University, and the campaign was a great catalyst for us to do that.”

Marv illustrates his belief in the importance of making a difference through education by recounting a defining experience he had at DePauw – in an English class taught by Professor Robert P. Sedlack. “Professor Sedlack cared enough about my all-around education that he gave me a decent grade for the course, but not the coveted W requirement. He thought it was important for me to take another W course to enhance my writing skills. Even then, I knew he was right,” Marv says. The lesson Marv learned was that “When someone really cares about your education, it may mean they require more from you. The ability is there through hard work.” The follow-up course he took was focused on recent American history. He loved the class and caught the history bug. Marv now views his writing skills as above average, and a book might be in his future. Education matters.


A LASTING LESSONMARCUS R. VEATCH ’75 AND CYNTHIA C. VEATCH

Marcus R. Veatch ’75 was convinced that his Spanish class was going to be the end of him.

“The professor said we wouldn’t be communicating in English at all,” Veatch remembered. And that was going to be a stretch. Marcus wanted out.

“But the professor said, ‘No, stick with it. I think you’ll be fine.’ So I did. I studied hard and somehow did really well.”

That lesson is one that stuck with him.“Throughout my career, I’ve been thrown into

those types of situations all the time,” he adds. “But you rise to the occasion and stretch yourself. That’s the benefit of what you learn at a place like DePauw.”

Marcus – an economics major at DePauw, former president of the DePauw Alumni Association Board of Directors and retired executive director of tax for Verizon Communications, Inc. – calls his time at DePauw transformational. “When I look back, I don’t

think I could ever return what I got from DePauw,” he says.

Yet, with the creation of the Marcus R. Veatch Endowed Scholarship, he and his wife, Cindy, who is a consultant specializing in product development, are trying. They’ve pledged initial funds to establish the scholarship, while committing an additional gift from their estate to ensure its existence in perpetuity. In addition, the Veatchs’ support extends to The Fund for DePauw, a critical source of annual funding for the University. Specifically, they’ve committed to making leadership-level annual gifts to support DePauw’s annual giving campaign through 2018.

“Even though it’s been more than 40 years, DePauw continues to give back to me every day,” he says. “I think our job of giving back to the University is never done, whether that’s through financial gifts or through service. I think there’s a role for every alum.”


2The Campus


Beauty, harmony, a sense that you are in the center

of a universe and everything is connected – these

are the feelings that a well-planned college campus

evokes. The buildings, the open spaces and the paths

between them feel like they have always been where

they are – that they are meant to be just as they are. A

campus so thoughtfully designed can give newcomers

a sense of confidence in a place, of belonging in that

place, even before a friendly student holds a door open

for them. That is the effect we want DePauw to have.

Thoughtfulness, creativity, connection – those are the

virtues our campus should inspire.

Arriving here should send the message we have

always wanted to convey about DePauw: This place

is important. Only, with the changes we’ve made and

those in the works, we don’t have to break with the

tradition of Midwestern modesty to say it. The campus

speaks for itself.


COMMUNITY, FRIENDSHIP AND FAMILY: SITTING TOGETHER AT A TABLEROBERT J. DARNALL ’60 AND MARLETTA FARRIER DARNALL ’61

Bob Darnall ’60 doesn’t remember exactly when he gave his first gift to DePauw. “It wasn’t too long after we graduated and

married,” he says of himself and his wife, Marletta Farrier Darnall ’61. “We began giving to DePauw and our church as our first two charitable acts. We gave $2 per week to church.”

A few years and many accomplishments later, their combined list of leadership positions, charitable acts and honors is humbling. But Bob and Marletta attribute those shared successes to both their families and their four years in Greencastle. “My parents gave me the basic values that guide me, but DePauw helped enhance those and shape them, and made me a better person,” Bob says. “DePauw launched the two of us on our lives together.”

Their most recent gift to DePauw assists with construction of R. David and Suzanne A. Hoover Hall and is a reflection of the values they cherish: community, friendship and family. Hoover Hall will replace the Hub, in the Memorial Student Union Building, as the primary student dining option on campus, and will provide space for faculty and

staff dining and campus gathering. “The purpose of Hoover Hall is to centralize the interactions of all segments of DePauw,” Marletta says, “Today we have instant communication, but not necessarily congregation. Supporting Hoover Hall is supporting the continuance of relationships among students, faculty and staff while sitting together at a table.”

DePauw remains an important part of the Darnall family; not just because it’s where Bob and Marletta met and because of Marletta’s involvement as a member of the board of trustees since 2000. They have supported many DePauw students via their ongoing scholarship commitment. Their two children attended DePauw, and now their granddaughter is following in the family footsteps as a senior.

A private dining room in Hoover Hall will be named the Robert J. ’60 and Marletta Farrier ’61 Darnall Dining Room in recognition of their gift. It will serve as a fitting reminder for students, faculty and staff alike to savor the relationships they have at DePauw and remember that their connection to the University endures long after they have left.


COMMITMENT TO THE MIND AND THE BODY LANCE A. SWANK ’83 AND BRENDA J. SWANK

There is no lack of community at DePauw. With 23 sports and more than 100 active organizations, students are provided with

ample ways to become involved from the moment they step on campus. And these affiliations run deep, even as alumni. Though he graduated more than 30 years ago, Lance A. Swank ’83 still feels these strong ties to the University.

“I was taught how to learn at DePauw,” he explains. “That’s the greatest gift I was given. The second is relationships. Through the experiences I had and the Greek system, I’ve developed many lifelong friends, and those ties have served me well.”

Lance was a letterman athlete in football at DePauw and joined Sigma Nu fraternity while on campus. So when his pledge father, M. Scott Welch ’82 and wife, Kim, made a gift to support renovations of the Lilly Physical Education and Recreation Center, he and his wife, Brenda, who graduated from Indiana University School of Business, knew

athletics was the ideal opportunity to continue their philanthropic spirit and give a nod to Lance’s college experience. Their gift onamed the Swank Athletics Suite and assisted with renovation of the Lilly Center.

Lance believes a gift to support physical education and recreation is a fitting way to support the entire DePauw experience. “It goes to the heart of the commitment of the University to focus not only on the mind, but also on the body. Because we are creating well-rounded leaders, athletics and physical fitness play a role in that,” he says.

As president and co-owner of The Sterling Group, a privately held firm that develops and manages properties, Lance is a testament to the comprehensive DePauw experience as preparation for life beyond college. “The liberal arts experience has served me well in the business community. It has allowed me to be prepared for business without having a specialty. I went into the working world and was able to be successful,” he says.


3Student Engagement and Outcomes


DePauw students come hungry for knowledge and

experience. We work to give them both. We have

done that work very well. However, if we aspire

to rise in the ranks of the nation’s top liberal arts

colleges, we must do better in both.

When we cultivate the intellectual and social

growth of our students, positive outcomes seem

to fall into place, almost without effort. That

effortlessness is, of course, an illusion. Alongside

challenging coursework and a vibrant social

experience, a third pillar undergirds successful

outcomes: advising students and helping them

shape a path forward to lives of purpose and

accomplishment. We are obliged to take even

greater responsibility for ensuring positive

outcomes for our students.


A RETURN ON YOUR INVESTMENTJ. JOSEPH AND JILL H. TANNER, PARENTS ’16, ’19

Joe and Jill Tanner, neither of whom attended DePauw, began giving to the University when their son, Mitch ’16, was a freshman.

“We both feel very strongly about supporting education, and we look at it as our responsibility to help support some of the great things DePauw is trying to achieve. We want our children to have the best education, and DePauw can’t do it on tuition alone,” Jill says.

Now they are co-vice presidents of the DePauw Parents Council, and their son, Jake, is a freshman this fall. In addition, several other members of their family have graduated from DePauw.

The Tanners, who are both attorneys and active community volunteers in Zionsville, Ind., are big believers in liberal arts education. “In an ever-changing and quickly changing world, young people need to be able to adapt, and a liberal arts education gives them the platform to do that. However, real-world experience is needed, too,” Joe says.

That’s why they feel internships are important to help students prepare for their lives and careers after college. Through their involvement with the Parents Council, the Tanners particularly have seen the value of the work the Kathryn F. Hubbard Center for Student Engagement does to provide internship opportunities for DePauw students.

While they continue to make annual gifts to the University, the Tanners also made a pledge toward the Cornelsen Challenge, which provides internship support for the Hubbard Center for Student Engagement. The Tanners’ gift helps support career preparation experiences and programs, and helps students develop the skills necessary for their life’s work.

Their gift is matched through the Cornelsen Challenge, so it’s a way to double the value of their gift.

“If people give to DePauw, they will see a return on their investment,” Joe says. “I ask folks to take a close look at the plan the president, board of trustees and administration have laid out for the University. Once you understand what they are accomplishing, it’s easy to give.”

The Cornelsen Challenge supports internships, especially first and early internships, for students. Such internships are often unfunded, or the pay is too modest to make it feasible for students to accept them, so the challenge provides supplemental income for internships that are critical to students’ path toward success.


A GIFT OF GRATITUDEPHYLLIS WALKER NICHOLAS ’55 AND BRUCE S. NICHOLAS

“I remember the greatest admiration I had for my father was for his honesty and integrity,” Phyllis Walker Nicholas ’55 says. “I began

to see a loss of those qualities in the political and financial arenas, and generally across the country.” So when Phyllis learned that Janet W. Prindle ’58 had given a generous donation to support The Janet Prindle Institute for Ethics, she was encouraged. The Institute provides an environment for students to discuss honor, integrity and other critical issues, and this was an endeavor she wanted to support.

Recently Phyllis and her husband, Bruce, made another gift in trust to supplement the already established Phyllis W. Nicholas Endowed Directorship at The Janet Prindle Institute for Ethics.

“DePauw promotes leadership and sends many leaders out into the country – corporate, political and community leaders,” Nicholas says. “It’s important that students think about their values and pass those on to the people whom they are leading.”

Phyllis encourages alumni to stop and remember what their years at DePauw gave them, and how those experiences helped strengthen and prepare

them for life after graduation. “There are many ways in which DePauw helps students become good citizens and good family members,” she says. “It’s important to reflect on that and realize how DePauw helped them to develop those qualities.”

Phyllis hopes to see more people contributing to DePauw, and she believes that any amount is important. “My very first gift to DePauw was $1 my senior year,” she says. “Someone in my class had the idea to have every graduating senior give a dollar, which they thought would be a good way to start us out giving back. No matter the amount, it’s an opportunity to give back to the University.”

Phyllis is thankful for the experiences she had as a student. “In return, I want to help students who are starting out like I was,” she says.

Bruce Nicholas is a retired executive from IBM Corporation. During his early career there, he was plant manager of the IBM card manufacturing plant in Greencastle. It was during this time that he met Phyllis, who was a student at DePauw. Following his retirement from IBM, he started Bryce Office Systems, a small printer-manufacturing company.


4Academic Life


Academic challenge is at the heart of the DePauw

experience. As a university, DePauw’s central mission

is the transfer of knowledge through teaching and the

production of knowledge through scholarly research.

As a residential liberal arts college, DePauw’s work

is to offer breadth and depth of study in a vibrant

atmosphere. So we hire and support an excellent faculty

of teachers and scholars. We enroll accomplished,

purposeful students who enjoy learning for its own sake

as much as they see it as a means to future success. And

we maintain a beautiful campus where professors and

students find spaces to gather and collaborate.

To foster excellence and deepen the academic life of

the University, DePauw truly changed its academic

program between 1995 and 2012. During that period,

DePauw’s student-to-faculty ratio dropped from 13:1 to

10:1. The faculty grew by nearly 50 percent – from 160 to

234. Consistent with our promise of academic breadth,

DePauw added six majors – bringing the total to 42 plus

the degree programs in the School of Music.


THE GIFT OF MUSICJAMES R. MARTIN ’65

James ( Jim) R. Martin ’65 was not a music student at DePauw; he studied history and economics. And so his most recent commitment

of $100,000 in support of the School of Music is a bit unusual. But not to Jim. His mother graduated from DePauw in 1931 with a Bachelor of Arts degree in music. He is also a current member of the board of directors at the Knoxville, Tenn. Symphony Orchestra.

“Music itself is central to the liberal arts education. Music is in all facets of life, in all types and part of any culture, so the opportunity to be exposed to a breadth of music is important,” Jim said.

When fellow classmate Tom Porter ’65 told Jim about the transformational work happening at DePauw under Mark McCoy, dean of the School of Music, Jim was intrigued. “Certainly in my case, in the philanthropy that I’ve done, it’s that you give to people rather than to things,” Jim said. Jim celebrated

his 50th reunion this past summer with a gift to the School of Music, which honors his classmates and provides opportunities for current students.

Jim’s contribution gives the School of Music flexibility to support its greatest needs. The first installment of his gift funded a trip to Washington D.C., which allowed students in four ensembles – DePauw Jazz Combo, DePauw Chamber Singers, Asbury String Quartet and DePauw Cello Ensemble – to accept an invitation to perform at the White House on Dec. 20, 2014, providing them with the performance opportunity of a lifetime.

During the 2015-16 school year, the gift will provide scholarship dollars to support the school’s first pillar ensemble. This touring chamber group is made up of two first-year students, one sophomore and one junior. “The School of Music is bringing all facets of music to the student body in a much more user-friendly environment, ” Jim says.


TEACHER, FRIEND AND INSPIRATIONROBERT C. CANFIELD ’60 AND PATRICIA HARMS CANFIELD ’57

“Good teachers stick with you,” Bob Canfield ’60 says. “It doesn’t matter how long it’s been since you last saw

each other.”Bob and his wife, Patricia Harms Canfield ’57,

have fond memories of their time as students of Professor Emeritus John J. Baughman ’48. Baughman was Bob’s freshman adviser when he started at DePauw in 1956. Pat still remembers throwing her pen across campus in disgust when she realized she had botched a question on one of Baughman’s notoriously difficult final exams.

The Canfields are just two of the many people who have been inspired by Baughman’s life and teaching. Prior to his own time as a student at DePauw, Baughman served with the United States Army in Europe from 1943 to 1945, where he received the Order of Purple Heart, Combat Infantry Badge. He joined the University’s history department in 1953 and was a fixture there until his retirement from teaching in 1992. Baughman still lives in Greencastle, a short walk from where he was a beloved teacher for four decades, and he is known and respected both on campus and off. Most recently, the Historical Society of the United

Methodist Church recognized his contributions as a historian of the institution with the 2015 Ministry of Memory Award.

Although the Canfields lost touch with Professor Baughman after they graduated, they rekindled their friendship with him and his wife, Betty, when their son, Michael W. Canfield ’88, attended DePauw. Years later, with a son-in-law beginning his own teaching career, the Canfields began to consider ways to help other young teachers. They established a faculty fellowship at DePauw in 2002 to support faculty members seeking to improve their teaching, advance their scholarly and creative work, and enhance the University’s academic programs. They named it the John J. and Elizabeth Bowden Baughman Faculty Fellowship in honor of their friends and teacher. In February 2015, the Canfields made a substantial additional gift to supplement the Baughman Faculty Fellowship as well as The Fund for DePauw.

“The strength of DePauw is its students and the people who teach them,” Bob says. “We hope to give talented and young faculty members a little relief to grow their courses.”


5Annual Giving


Annual giving programs at DePauw are the lifeblood of

the University. On an annual basis, DePauw’s annual

giving programs provide the financial power of more than

an additional $125 million in permanent endowment.

These funds allow the University to provide support to

students, faculty, programming, athletics, the School

of Music and much, much more. DePauw’s ability to

maintain and increase its position of strength and

flexibility in an ever-changing world of higher education

is directly dependent on its annual giving programs.

To address the University’s most pressing needs, we re-

launched the Annual Fund as The Fund for DePauw. Gifts

to The Fund for DePauw touch every corner of campus,

and because that is their impact, we wanted the name

of the fund to reflect its purpose. The flexibility of those

dollars allows University leadership to direct them to the

area of most urgent need, or to seize an opportunity that

merits immediate support. A strong Fund for DePauw

also attracts other avenues of support, as corporations

and foundations are placing a greater emphasis on

the percentage of alumni, parents and employees who

support DePauw with an annual gift when considering

grant proposals. Participation in annual giving, at any

level, is widely regarded as a barometer of any institution’s

health and a measure of satisfaction of its constituents.


AN EDUCATION THAT PAYS DIVIDENDSMATTHEW J. LYTLE ’05 AND GINA LYTLE

When asked what inspired their gift to The Fund for DePauw, Matthew Lytle ’05 responded quickly and excitedly,

“It was my 10-year graduation anniversary!” But the gift signifies more than a commemoration of graduation a decade ago. It symbolizes his and his wife, Gina’s, passion for the University and, as any good businessman would say, a place that “delivered on its value proposition.”

Matt acknowledges that his success in business is due in part to the opportunities and education he received at DePauw. Matt is an Executive Director of Investment Banking for Internet & Digital Media clients at J.P. Morgan and Gina is a Vice President at Goldman Sachs. As a Holton Scholar and Management Fellow while a student at DePauw, Matt understands the importance of paying it forward for others. “I want current students to have the same opportunities that I did,” he says, “And

DePauw has meant a lot to my family.” His sister Ashley graduated from DePauw in 2009.

“If anyone has the desire or the passion to be involved in the intellectual rigor of higher education, they should be able to go to any school they choose,” he says.

The Lytles’ desire to give back to DePauw is important. They have given every year since Matt’s graduation. “DePauw provided an outstanding academic experience and opportunities outside of the classroom that have helped shape me into the professional I am today,” Matt explains, “That’s why we give.”

His message to fellow young alumni is simple: “If you feel DePauw was a great experience for you, give any amount you can. Collectively, we can make a significant impact on DePauw’s ability to continue providing exceptional opportunities for students.”


LEADING BY EXAMPLEMARY BRIDGES LYNE ’92 AND TIMOTHY G. LYNE

The phrase “early and often” best describes how Mary Bridges Lyne ’92 and Timothy G. Lyne have contributed to DePauw.

It began when Mary, fresh out of school, entered a leadership training program in the banking industry. Among a large group of young and talented people, Mary couldn’t help but make comparisons.

“I felt like DePauw had really prepared me well,” she says.

And so, in a not-so-small gesture for a recent graduate, Mary decided to give something back. Whether it was $50 or $100, she can’t recall – but something.

In March 2015, the Lynes’ gift to the Endowment for Student-Faculty Collaborative Research strengthened the very core of the liberal arts experience: undergraduate students forming meaningful, scholarly relationships with their professors. The endowment provides opportunities for faculty and students to work together on research. During summer 2015 alone, 44 students and 23 faculty members representing nearly every discipline

at DePauw participated in full-time research projects.Although Mary never participated in collaborative

research as a student, the program evokes memories of her own time at DePauw. “One thing I valued about my time at DePauw was the interaction I had with my professors,” she says. “The faculty are just so wonderful, and I think that giving students the opportunity to work closely with them is a truly unique experience that will help these students stand out as they work to accomplish their goals.”

After 23 years, a career that led to a leadership position in commercial banking, and three children – all boys – a lot has changed in Mary’s life, but the sense of gratitude that led to her first annual gift has not. Mary and Tim’s contributions to the University have continued year after year, complemented by volunteer work for the Annual Fund, now known as The Fund for DePauw, and Career Planning. Mary and Tim are members of The Loyalty Society which recognizes the University’s most devoted supporters who consistently invest in DePauw students and faculty members every year through annual giving.


I am pleased to report another year of improving financial health at your University.

As of June 30, 2015, DePauw’s endowment reached a record high of $644 million. The net worth of the University also grew to a new high, exceeding $780 million. And, for the sixth consecutive year, DePauw reported a balanced operating budget. The balanced budget was reached despite incremental investments of more than $2 million in the student experience and an incremental $1 million investment in maintaining the University’s physical plant.

The financial narrative of the post-recession years at DePauw is relatively straightforward. Operating costs have been managed tightly with annual expenditure growth since 2009 averaging less than 2 percent. At the same time, the perceived value of a DePauw education continues to grow as reflected by net tuition improvement of more than 27 percent during the same period since 2009. Even more impactful is the growth of the University’s endowment from $435 million in 2009 to its current balance of more than $640 million. Generous gifts to DePauw’s endowment since 2009 have significantly changed the University’s financial health.

For DePauw to meet its commitment of providing an exceptional experience to students of great promise – regardless of those students’ financial resources – these

FISCAL YEAR FINANCIAL SUMMARY FROM THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION

financial improvements of recent years are a necessity. In this most recent fiscal year, the average cost incurred by DePauw to educate one student was more than $40,000. At the same time, the average tuition received from each student was just under $19,000 – a vast improvement over years past, but still well below the cost incurred to provide the experience. As a result, the average per-student cost of education that is subsidized by the University’s endowment and by annual giving is more than $21,000.

As each of you know, the experience at DePauw is distinctive. Students served by this great University have daily access to faculty who work at the top of their fields. These same students have opportunities to engage in a rich and relevant practicum experience alongside their curricular endeavors. DePauw students also have unique opportunities to experience global cultures and diverse perspectives as part of their everyday plan of study. The affinity they develop for DePauw during their four years in Greencastle, Indiana is truly unique among colleges and universities throughout the nation, and the outcomes that result from a DePauw experience are exceptional.

Resources that underpin this exceptional experience make DePauw different. The ability to serve in this way relies on the generosity of each of you. Your gift, regardless of size, plays a part. You are changing lives. Thank you for your generosity.

Brad A. Kelsheimer


Budget ReportFor Fiscal Years Ended June 30, 2015 and 2014

Operating RevenueOperating Expenditures

OPERATING SURPLUS BEFORE DEBT SERVICE & CAPITALDebt ServiceCapital Renewal and Replacement

OPERATING SURPLUS

Note: All totals are in thousands.The schedule excludes non-operating activity, restricted activity, depreciation expense and the impact of accrual adjustments to the University’s post-retirement healthcare liability.

Unaudited Results

2015 Actual

2015Budget

2014Actual

$ 95,94887,259

$ 95,87688,457

$ 92,76485,636

$ 8,6895,4242,018

$ 7,4195,6061,813

$ 7,1286,108

958

$ 1,247 $ – $ 62

Resources Supporting Students 2014-15(in thousands)

Student Services $16,615

Instruction $45,155

Financial Aid $49,878

$60,000

$40,000

$20,000

$-

Institutional Grants to Students(in thousands)

2010-11 2011-12 2012-13 2013-14 2014-15

n Total Institutional Aid n Endowment-Funded Aid n Aid Funded by Operations

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$-

Endowment Growth(in thousands)

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

n Endowment Assets $435,450 $446,585 $508,515 $483,046 $549,015 $627,746 $643,787


Marshall W. Reavis IV ’84, chairSusan M. Ansel ’82James R. Bartlett ’66Lisa Henderson Bennett ’93W. Charles Bennett ’74Kortney D. Cartwright ’14Justin P. Christian ’95Ken W. Coquillette ’82Sally Smerz Grooms Cowal ’66Michael J. CoynerJeffrey A. Cozad ’86Newton F. Crenshaw ’85William K. Daniel II ’87Matthew S. Darnall ’85Jane Larson EmisonJames A. Fisher ’68Marvin E. Flewellen ’85Jeffrey L. Harmening ’89Max W. Hittle Jr. ’66R. David Hoover ’67Kathryn Fortune Hubbard ’74Janet L. Johns ’85Kreigh A. Kamman ’12Sarah Strauss Krouse ’74Kyle E. Lanham ’79

DePauw University Board of Trustees 2014-15G. Richard Locke III ’83Richard S. Neville ’76Myrta J. PulliamBlair Anderson Rieth Jr. ’80Todd R. Roberson ’82Sara K. Scully ’13Gregory A. Sissel ’94Douglas I. Smith ’85Michael L. Smith ’70Brent E. St. John ’89James G. Stewart ’64Lee E. Tenzer ’64Marcus R. Veatch ’75Kathy Patterson Vrabeck ’85Sarah Reese Wallace ’76M. Scott Welch ’82Robert F. Wells ’66Corinne Joyce Gieseke Wood, ParentLawrence E. Young Jr. ’84

ADVISORY TRUSTEESRhett W. Butler ’62Lawrence W. Clarkson ’60Marletta Farrier Darnall ’61Don R. Daseke ’61

Gary P. Drew ’61Donald C. Findlay II ’56Judson C. Green ’74Vernon E. Jordan Jr. ’57Michael R. Maine ’61Erik G. Nelson ’61Andrew J. Paine Jr. ’59Jane Turk Schlansker ’63Janet Prindle Seidler ’58James B. Stewart Jr. ’73Timothy H. Ubben ’58Bayard H. Walters ’63Robert B. Wessling ’59

LIFE TRUSTEESJoseph P. Allen IV ’59John T. Anderson ’52Robert R. Frederick ’48Hirotsugu Iikubo ’57George L. Mazanec ’58David J. Morehead ’53Ian M. Rolland ’55Thomas A. Sargent ’55Norval B. Stephens Jr. ’51Richard D. Wood ’48

Marcia Engel Alden ’86Jennifer Pope Baker ’89Jeffrey C. Bird ’81William B. Caskey ’78Sarah Robinson Coffin ’74Melinda Walthers Dabbiere ’82Thomas D. Fagan Jr. ’98Jonathan V. Fortt ’98

DePauw University Board of Visitors 2014-15Melinda Maine Garvey ’89Kent M. Grathwohl ’85John A. Kite ’87David W. Manly ’77Charles F. Meyer ’86Nadia T. Mitchem ’98Tamika Ragland Nordstrom ’93Elizabeth Hentze Owens ’89

Becky Relic ’89Martin A. Ruiz ’98Breton A. Schoch ’86John A. Scully ’79Michael T. Smith ’99Anton A. Thompkins ’91

Lisa Henderson Bennett ’93, co-chair

John L. Rabb ’66, co-chairJason A. Asbury ’95

The Washington C. DePauw Society Executive Committee 2014-15John H. Bankhurst ’99Jane Rowles Dickson ’54Mark E. English ’64Suzanne L. Hickman ’75

Matthew J. Kleymeyer ’04Kay E. Pashos ’81Blair K. Rudert ’07Thomas R. Schuck ’72


Brent E. St. John ’89, presidentDonald M. Phelan ’79, vice presidentJill Robertson McNay ’86, secretaryJ. Allan Arnold ’89Stanley L. Bahler ’66Charles E. Barbieri ’77Denzil P. Bennett II ’85David V. Blackburn II ’04Joy Rowe Blang ’92Michael E. Bogers ’01Barbara Pontius Bowman ’83James A. Campbell ’72John C. Cassidy ’82Rebecca McConnell Cunningham ’99Kelli Smith Davis ’04Kenya-Taray Delemore ’96Denise Castillo Dell Isola ’96

DePauw Alumni Association Board of Directors 2014-15Kristina Amarantos DeYoung ’05Jonathan C. Dill ’87Peter M. Donahower ’70Drew D. Dunlavy ’84Janet Crawford Evans ’75Timothy S. Feemster ’68Kathlyn E. Fletcher ’92James “J. R.” Foster ’02Carol Warner Golder ’81Kerrie Milligan Grimstad ’98Jennifer Hetzel Hallman ’00John W. Hare ’62Melody Stevanovic Key ’82Kathleen Galliher Locke ’85Jeffrey E. Lortz ’65Logan A. Meek ’12Ellen S. Miller ’76

Roger B. Nelsen ’64Matthew D. Newill ’09Tyler L. Perfitt ’13Wandini Dixon-Fyle Riggins ’01Martin A. Ruiz ’98Thomas R. Schuck ’72Freedom S. N. Smith ’01Tyler B. Somershield ’69Brady C. Toliver II ’00James M. Tomsic ’69Robert R. Torkelson ’82Michael J. Traylor ’88Debra Haerr Victor ’80Mark R. Weiss ’14Felix P. Yau ’01Thomas S. Yeo ’70

Adam M. Gilbert ’10, presidentDanielle Dravet McGrath ’07,

vice presidentRyan E. Nesbitt ’06, secretaryJohn C. Cook ’10, chairKyle A. Hawkins ’11, chairJohn F. ( Jack) Avery III ’05

GOLD Council 2014-15Lindsay A. Bartlett ’07John M. Buchta ’08Katherine E. Butler ’12Nicole C. Craker ’10Elizabeth A. Farrelly ’07Gretchen J. Haehl ’08Matthew R. Jennings ’09

Neal J. McKinney ’09Kyle B. Moore ’11Sally M. Reasoner ’11Rachel Kathleen Routh ’08R. Clay Taylor ’08Theodore C. Tubekis ’08

Thomas Casey Briere Sr. and Christine Crane Briere, co-chairs

Thomas A. Candor and Margaret H. Candor

William C. Cobb and Carole J. CobbPeter E. Coburn and Susan D. CoburnCarolyn L. ColburnWalt T. Coram and Joan K. Erickson

Parents Council 2014-15David W. Devonshire and Lidia S.

DevonshireJanet Crawford Evans ’75 and Joseph

Carson EvansStephen William Ganshirt and Linda

Jean GanshirtArvid C. Johnson and Anne M.

Johnson

William H. Linscott and Kathleen R. Linscott

Michael McEvily and Ellen H. McEvily

William Ryan and Lisa D. RyanJohn J. Tanner and Jill H. Tanner

Italicized name – Deceased before July 1, 2015


R. David Hoover ’67, co-chairSarah Reese Wallace ’76, co-chairTimothy H. Ubben ’58, honorary chair

STEERING COMMITTEEBrian W. Casey, presidentKen W. Coquillette ’82Judson C. Green ’74Kathryn Fortune Hubbard ’74Vernon E. Jordan Jr. ’57 (at-large)Sarah Strauss Krouse ’74

National Campaign Committee 2014-15Andrew J. Paine Jr. ’59Andrew J. Paine III ’91 (at-large)Marshall W. Reavis IV ’84Gregory A. Sissel ’94Michael L. Smith ’70Tim Solso ’69 (at-large)James B. Stewart Jr. ’73Kathy Patterson Vrabeck ’85M. Scott Welch ’82

FACULTY AND STAFFDave A. BerqueJonathan C. Coffin ’06Melanie J. NortonJacqueline R. RobertsRandy J. RogersSteven J. Setchell ’96

CONSULTANT, BENTZ WHALEY FLESSNERChristopher A. Clark

ATLANTATobias J. Butler ’04Julie A. Trowbridge ’88

CHICAGOLindsay A. Bartlett ’07, chairNilda Bueno ’05, secretaryAmanda J. Gebert ’08, events co-chairNinos Gewargis ’05, events co-chairSiobhan M. Lau ’09, volunteer chairCassie M. Abraham ’08Matthew J. Arient ’04Kristin Rosenberger Bagley ’05Mary-Therese Schmidt Barkhausen ’09David Southwick Barkhausen ’10Matthew G. Barwise ’07Marc A. Bowser ’05Hallie Moberg Brauer ’11Heidi Gonso Carey ’06Anne C. Cawley ’08Kerry A. Cragin ’08Melissa L. Davis ’08Denise Castillo Dell Isola ’96Sheila M. Dorsey ’05Matthew E. Drew ’09Michael A. Ehlers ’87Douglas R. Elliott ’84Benjamin G. Elrod ’98Mason N. Floyd ’01

DePauw Regional Alumni Chapters 2014-15Tegan M. Gebert ’08Kyle A. Hawkins ’07George E. Heidenreich V ’03Jeremy A. Hunt ’04Andrea M. Johnson ’06Claire E. Johnson ’08Tory W. Key ’08Nicholas D. Kindelsperger ’05Sheila M. Madden ’05Heather R. Marszalek ’05Scott C. Mason ’12 Megan M. Mrowiec ’06Meghan E. Murphy ’07Patricia Pena ’06Allison Baccich Penning ’07Abigail K. Poyser ’05Jennifer L. Rogers ’08Alysia C. Sargent ’05Bradley J. Simmons ’93Rozann J. Skozen ’05Jeremy T. Stierwalt ’98Jaclyn P. Teets ’04Christine (Tory) Pavlovich Thornton ’06Barbara Martin Tubekis ’80Michael W. Vriner ’05Matthew S. Whipple ’05

CINCINNATIGageby Hill Gaither ’03, president

Emily A. Eckert ’13Elizabeth Ackermann Hogan ’08Christina A. Leavy ’06

CLEVELANDShannon Greybar Milliken ’01

DENVERJack B. Campbell ’68, co-presidentMatthew D. Newill ’09, co-presidentMark C. Rinehart ’03, co-presidentJessica L. Dixon ’06

FORT WAYNEJ. Allan Arnold ’89, co-presidentDrew D. Dunlavy ’84, co-presidentBrady B. Hayes ’08

INDIANAPOLISBrandi R. Dale ’07, presidentJason A. Spilbeler ’07, vice presidentBrandon E. Beeler ’05Damien A. Bender ’98Jennifer Jessen Bostrom ’07Jonathan C. Bostrom ’06Mark P. Branigan ’11Thomas B. D. Callen ’10Melinda R. Colbert ’04Amanada Hornback Constable ’03


Elizabeth Brick Corbett ’08Thomas S. Corbett ’08Matthew J. Ehinger ’06Amber L. Ewing ’99Karen King ’95Lawren K. Mills ’01Troy A. Montigney ’09Abigail Trainor Obszanski ’07T. Ray Phillips IV ’91Elizabeth R. Polleys ’07Kathryn Knight Randolph ’07Ryan J. Randolph ’06Kimberly Paradise Ridder ’99Loran A. Sandman ’07Broderic C. Schoen ’13James P. Updike ’07Barry S. Wormser ’02

LOS ANGELESAllison K. Van Dam ’03, presidentRebecca McConnell Cunningham ’99Angie Lyn Hamilton-Lowe ’00Daniel Hamilton-Lowe ’00Brooke Barbee Kallenbaugh ’03Abigail A. Parsons ’04Sarah Chamberlain Stockton ’12Duncan M. Yoon ’04

LOUISVILLEEmmalynn Brown ’07, co-presidentMeredith Holmes Siemens ’05,

co-presidentGloria Routt Beswick ’73Mark J. Farmer ’05Timothy J. Holz ’95Erica Scott Lawrence ’00

MILWAUKEEJohn W. Busey II ’90, presidentKimberly Westhoven Apfelbach ’87Maribeth Steimle Busey ’88James H. Grant ’91David W. Johnson ’85Kristin Wiese Lillibridge ’86

NEW YORKRachel Kathleen Routh ’08,

co-presidentElizabeth A. Straebel ’07, co-presidentJason A. Asbury ’95Christine Boeke ’78William Jacob Cohn ’05Elizabeth E. Crouch ’04Daynan J. Crull ’03Donald M. Freeman III ’93Mark W. Grannon ’78Hallie M. Patterson ’07Erin C. Pearson ’06Wilson Villafana ’04Maxwell T. Wastler ’03

NORTH TEXASRichard T. Childs ’00, presidentMarie A. Alles ’74Karen Platt Bearman’89William V. Blake III ’59Hilary J. Blake ’08Timothy F. Feemster ’68Glenn C. Miller ’91Helen L. Poorman ’82

PHOENIXDavid J. Ihlenfeld ’87

SAN FRANCISCOMargaret A. Distler ’13, presidentCatherine Modisett Berkey ’02Howard L. Bull ’64Jaclyn Harr Chaudhuri ’07Kristina Amarantos DeYoung ’05Danetha N. Doe ’08Peter M. Donahower ’70Heather Bryce Fishleder ’95Kristin Geiger ’94Julie A. Levonian ’89Richard G. Lubman ’64Saundra Fabrick MacGregor ’62Jill Robertson McNay ’86Anne Heller Morrissey ’90Lynda Moyer ’93

Christopher H. Penn ’72Thomas P. Rhoades IV ’97Michael S. Spiegel ’06Jonathan J. Staley ’06Nancy Duesing Takaichi ’79

ST. LOUISDouglas S. Dove ’89, co-presidentJohn R. Fenley ’08, co-presidentSarah Plymate Lofton ’06Martha Leader McGeehon ’06Ashley Sewell Odham ’06Elizabeth Tassell Roth ’08

TWIN CITIESAndré L. Brewer ’93Jill M. Skogheim ’00

WASHINGTON, D.C.Keith A. Herrman ’05, co-presidentAmy M. O’Donnell ’97, co-presidentRobert G. Burney ’58, chapter adviserEllen R. Aleksa ’11Elizabeth Walker Evans ’07Shaylyn Prevard Laws ’08Neal J. McKinney ’09Robyn Snyder ’95Thomas M. Walz ’09


Development and Alumni Engagement Division300 E. Seminary St. • P.O. Box 37 • Greencastle, IN 46135-0037

800-446-5298 • campaign.depauw.edu

donor annual report 2014-15

Documents