FOUNDATIONS ANNUAL REPORT 2007–2008
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ECU Foundation Inc. ECU Medical & Health Sciences Foundation Inc. ECU Educational Foundation Inc. East Carolina Alumni Association Inc.
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Hopes Dreams Fulfilling
and
I
f you have walked the campus recently, you know it is brimming with energy from our record number of students. Total enrollment approaches 28,000 students, yet we believe we are continuing to maintain the feel of the smaller university you remember. Our impact has never been stronger, and never have we been counted on more to fulfill the hopes and dreams of our students, our region, and our state. Gifts from alumni and friends reached an all-time high during the 2007–2008 academic year, and I want to thank each person and organization that made this possible. Private support is truly funding the margin of excellence at ECU in the form of student scholarships, faculty support, research funds, and support of cultural and athletics programs and departments all across our university. We have high aspirations and much more to accomplish, so I hope that you will continue your support and that others will join you as we work to meet important strategic objectives. We will not take your support for granted, and during challenging economic times such as these, the impact of private support is even larger. For many students, the financial support for scholarships makes the difference in their pursuit of an ECU degree. We will be good stewards of your generosity. Come back to campus and let us know how we are doing. This is, indeed, a great time to be a Pirate! Sincerely,
Steve Ballard Chancellor
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contents
The Big Picture
4
SECOND CENTURY CAMPAIGN
A Year of Growth Honorary Advisor Profiles Endowed Professorships Scholarships
8 9 11 12
East Carolina University Foundation
Measures of Success Mission Members Feature Stories Advancement Staff Financial Information
15 17 18 21 28 30
ECU MEDICAL & HEALTH SCIENCES FOUNDATION
A Vision for Leadership and Service Mission Members Feature Stories Advancement Staff Financial Information
33 35 36 39 46 48
ECU Educational Foundation
Pressing Forward in Support of Pirate Athletics Mission Members Feature Stories Advancement Staff Financial Information
51 53 54 57 64 66
EAST CAROLINA Alumni Association
Great Time to Be a Pirate Mission Members Feature Stories Alumni Staff Financial Information Order of the Cupola Leo W. Jenkins Society Ways to Give to ECU Contact Information
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69 71 72 75 82 84
86 89 90 inside back cover
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Picture The Big
The Work of East Carolina’s Foundations The fund-raising arms of East Carolina University are its three foundations: the East Carolina University Foundation, the ECU Educational Foundation (Pirate Club), and the ECU Medical & Health Sciences Foundation. At the same time, the East Carolina Alumni Association nurtures a connection between ECU and its graduates, whose support of the university is vital. Private support of ECU through these foundations provides resources that state support cannot, such as student scholarships, state-of-the-art equipment, programs that enrich the educational experience of all East Carolina students, and enhancements to our athletics facilities. Generous support from alumni and friends continues to be a key ingredient in East Carolina University’s rich tradition of reaching new levels of achievement in student enrollment, academic accomplishment, athletic excellence, and economic development for eastern North Carolina.
The Big Picture
Capital Revenues 9.15%
SOURCES OF REVENUE FOR ECU THIS YEAR The largest source of revenue for East Carolina University comes from the services it provides. These services include tuition, fees, student housing and dining services, and patient medical services. State appropriations are the next largest portion of revenue. Grants from and contracts with governmental and non-for-profit organizations are also major sources of revenue. Charitable gifts to the university’s foundations are an increasingly important source of revenue.
Capital Gifts 0.09% State Appropriations 35.8%
Tuition and Fees 15.56%
Grants and Contracts 8.61% Sales and Services 10.75%
Other 1.22%
Gifts 1.12%
Other Organizations 16%
Alumni 40%
SOURCES OF GIFTS TO ECU FOUNDATIONS THIS YEAR Alumni and other individuals are the largest contributors to the university’s foundations, comprising 57 percent of total giving. Corporations and charitable foundations account for the next largest block of contributors.
Patient Services 17.7%
Corporations 12%
Charitable Foundations 15%
Other Individuals 17%
$19
$19.1
2007
2008
$17 $15.3
Contributions to the ECU-related foundations continue to increase each year, funding the margin of excellence for both current and future students.
$12.4
$12.5
2003
2004
DOLLARS (in millions)
ContRibutions to ECU Foundations
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2005
2006
The Big Picture
Facility Enhancement 15%
Programs 40%
FOUNDATIONS’ SUPPORT OF ECU IN 2007–2008 The ECU-related foundations provided a total of $13.7 million in support of the university and its programs. This support funded scholarships, programs, and facility enhancements. Scholarships 45%
$14.3 $12.6
FOUNDATIONS’ SUPPORT OF ECU During the past five years the ECU-related foundations have provided increased support to the university.
$13.7
$9.2
DOLLARS (in millions)
$10.4
$12.4
2003
2004
2005
2006
2007
2008
NET ASSETS OF ECU FOUNDATIONS (millions of $s)
ECU Foundation ECU MEDICAL & HEALTH SCIENCES FOUNDATION
2003
2004
2005
2006
2007
2008
$ 47.1
$ 54.4
$ 59.1
$ 67.2
$ 80.7
$ 80.5
20.5
23.3
26.8
28.4
32.9
31.1
ECU EDUCATIONAL FOUNDATION
17.2
17.2
16.8
17.6
19.5
20.9
EAST CAROLINA ALUMNI ASSOCIATION
0.8
1.0
1.0
0.7
1.0
1.2
$ 85.6
$ 95.9
$ 103.7
$ 113.9
$ 134.1
$ 133.7
TOTAL NET ASSETS
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The Big Picture
$95
$90 $79
MARKET VALUE OF ENDOWMENTS AT ECU (NACUBO Survey)
$66
$70
2004
2005
Endowments are important to East Carolina University because they provide perpetual financial support. Through both generous gifts and prudent investment management, the market value of ECU’s endowments has shown steady annual growth.
DOLLARS (in millions)
$58
2003
ENDOWMENT PORTFOLIO (NACUBO Survey)
Int’l. Equities 13%
The investment objective for the foundations’ endowment portfolio is to manage the portfolio in a manner that will maximize the benefits intended by donors, support the university’s programs, and generate sufficient long-term growth of capital without undue exposure to risk. The portfolio is also designed to provide a sustainable level of spending distributions as well as enhance the real (adjusted for inflation) purchasing power of the endowments. The portfolio is invested in a diversified asset allocation.
Real Estate 2%
2006
Cash 1%
2007
2008
Private Equity 1% U.S. Equities 45%
Fixed Income 18%
Hedge Funds 20%
ENDOWMENT PORTFOLIO PERFORMANCE (NACUBO Survey) The endowment portfolio’s net return on investments is shown below and compares favorably with other universities ECU’s size, all public universities, and with a balanced index. ECU FOUNDATIONS COMBINED
UNIVERSITIES WITH ASSETS $50-100 MILLION
ALL PUBLIC UNIVERSITIES
2008
-2.19%
-3.20%
-3.30%
-7.10%
3-YEAR AVERAGE
8.37%
7.40%
7.50%
5.90%
5-YEAR AVERAGE
9.96%
9.30%
9.40%
8.50%
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BALANCED INDEX
SECOND CENTURY CA M PA I G N
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Year Growth
A
of
From Mickey Dowdy, Vice Chancellor for University Advancement
C ampaign P rogress
ver and over, I find the thing that binds ECU Pirates together is a sense of family, of being part of a group that knows how special and worthwhile an ECU education is. In the two years since I joined the Pirate Nation, it has been my pleasure to see that group grow. More people than ever know of the tremendous impact ECU has on its students, the community, and the region, and more know of ECU’s efforts to become a truly national doctoral university with a strong state focus. The Second Century Campaign is one of the major steps necessary to accomplish that goal. To fully implement ECU’s strategic plan, ECU Tomorrow: A Vision for Leadership and Service, will require in excess of $1 billion in new resources from state, federal, and private sources over the next decade. All of us at ECU hope we will merit your continued support. During tough economic times like these, we know gift decisions may not be as easy as during periods of economic growth.
$121,004,000
* as of December 31, 2008
The impact of your support of ECU and the Second Century Campaign stretches far and wide. Whether through student scholarships, faculty support, athletic support, or through supporting campus facility construction and improvement, your contribution to the Second Century Campaign has a profound effect on ECU and eastern North Carolina. This report highlights a few examples of how private support enriches and transforms lives on campus, in the region, state, and beyond. Your contribution to the Second Century Campaign has made a tangible difference for our university, its students, faculty, and eastern North Carolina, and helps continue the traditions that make ECU unique. We are grateful for each and every contribution, and we thank you for your continued support of East Carolina and the Second Century Campaign. Go Pirates!
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Second Century Campaign
HonoraryAdvisor
Profiles
While the university foundations are leading their respective Second Century Campaign activities, key individuals are serving as honorary campaign advisors. In that role, they are aiding the campaign with select assignments. Ronnie Barnes Ronnie Phillip Barnes, head athletic trainer and vice president for medical services for the National Football League’s New York Giants, earned a BA from East Carolina University’s sports medicine department in 1975.
James W. and Judy Chesnutt James (Jim) W. and Judy Redfern Chesnutt graduated from East Carolina University in 1963. He graduated with a BS in business and she earned a BS in early childhood education. Jim and Judy have a strong commitment to ECU, and created the Jim and Judy Chesnutt College of Business Endowment to support the college’s faculty as they encourage students in their business choices. In 2006, the Jim and Judy Chesnutt and National Spinning Company room in ECU’s Bate Building was named after the Chesnutts to honor the couple’s longtime support of ECU and the College of Business. Jim was given ECU’s Outstanding Alumni Award in 2007.
A Rocky Mount native, Barnes joined the New York Giants organization in 1976, earned his master’s degree from Michigan State University in 1979, and was named vice president of medical services for the Giants in 2003. He has received numerous awards, including the National Athletic Trainers’ Association Most Distinguished Athletic Trainer Award in 1996, ECU’s Outstanding Alumni Award in 2002, and was inducted into the NATA Hall of Fame in 1999 and ECU’s Athletics Hall of Fame in 2002.
Jim began his career in banking, but has spent the last 10 years as president and CEO of National Spinning Company, a leading supplier of acrylic yarn located in Washington, North Carolina. Jim also serves on numerous volunteer boards, community groups, and educational organizations, including ECU’s College of Business Advisory Council and the East Carolina University Medical & Health Sciences Foundation.
He has long been a supporter of ECU and Michigan State. In 2006, the Ronnie P. Barnes Resource Center was established at MSU to support athletic training education programs. In 2002, East Carolina honored Barnes by opening the Ronnie P. Barnes African-American Resource Center at Joyner Library, made possible by his strong financial support of East Carolina.
Roddy and Eve Jones Robert (Roddy) L. Jones graduated from East Carolina University in 1958 with a BS in geography. He is past chairman of both the ECU Board of Trustees and the UNC Board of Governors and currently serves on the ECU Medical & Health Sciences Foundation.
Ken and Kay Chalk Ken Chalk earned his bachelor’s degree from East Carolina in 1968 and his master’s degree in business administration from ECU in 1971. Ken and Kay have established two scholarships at ECU, the Elmer Haskell EC Scholars Award and the Peggy Myers Chandler Memorial Scholarship.
While at ECU, Roddy was among the group that organized the first fraternities and sororities on campus. Roddy Jones received the Outstanding Alumni Award in 1972, and joined the Board of Trustees in 1973. He was immediately elected chairman and has remained active and involved at ECU ever since. He chaired the fund-raising effort for the football stadium expansion in 1977 and created and continues to fund several grants and scholarships, including the Robert L. Jones Award for Outstanding Teaching. The Robert L. Jones Distinguished Professorship in the School of Music is named in his honor. He recently established the first-ever endowment for Access Scholarships and a scholarship in the College of Nursing bears his name.
Kay Chalk graduated from ECU in 1976 with a bachelor’s degree in elementary education. She is chair of the Women’s Roundtable at East Carolina University and serves on the board of directors of the BB&T Center for Leadership Development at ECU. Ken was 2007–2008 chair of the East Carolina University Foundation board of directors, and is co-chair of the board of the BB&T Center for Leadership Development at East Carolina University. The BB&T Corporation recently made a gift to ECU in honor of former Chief Credit Officer Ken Chalk’s 33 years of service to BB&T. This contribution will create the first two fully endowed Access Scholarships at ECU.
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Max and Kitty Joyner East Carolina University is a family affair for Max and Kitty Joyner. Max graduated from ECU in business administration in 1955 and Kitty earned a master’s degree in elementary education in 1959. Their three children have all attended ECU and both Kitty and Max have supported ECU for more than 30 years.
chair of that board. Mary has served on the Thomas Harriot College of Arts and Sciences Advancement Council and the ECU Real Estate Foundation. She currently serves on the ECU Board of Visitors and is active with the Women’s Roundtable. Bob is president of Plybon & Associates in Greensboro. He was named president of the Million Dollar Roundtable in 1994–1995 and currently serves as president of The American College’s Board of Trustees. He was given the Outstanding Alumni Award in 1991 by the East Carolina Alumni Association.
Max is a past chairman of the ECU Board of Trustees, past president of the ECU Foundation, the East Carolina Alumni Association, and the ECU Educational Foundation (Pirate Club). He was presented the university’s Outstanding Alumni Award in 1981. Max and Kitty are members of the board of directors of the BB&T Center for Leadership Development and have served on numerous university selection and awards committees and in fund-raising capacities. Kitty also was pivotal in the founding of the Women’s Roundtable at East Carolina University. A faculty chair in primary care medicine and an endowed scholarship in ECU’s College of Nursing also bear the Joyners’ names.
Bob and Margaret Ward Robert (Bob) Ward graduated from East Carolina in 1962, and Margaret earned a bachelor of science degree in 1962 and a master’s degree in 1963 from ECU. The Wards have sponsored an EC Scholars Award since 1986, and fund student development, academic, and counseling programs for student athletes through the ECU Educational Foundation. In 1992, the ECU Board of Trustees voted to honor the Wards for their dedication and generosity to the university by naming the Ward Sports Medicine/Physical Education Building in which the Student Development program is housed.
James and Connie Maynard Longtime ECU supporters James ’65 and Connie Mizelle Maynard ’62 met as students at ECU and have been married for more than 45 years. They have funded several scholarships at ECU, including the James H. and Connie M. Maynard Program, modeled after the NC Teaching Fellows Scholarship that requires recipients to teach in a public, charter, or government school for four years following graduation.
Bob serves on the ECU Foundation board of directors and the College of Business Advisory Council and has served on the ECU Board of Trustees. Margaret is a member of the College of Education Advancement Council and has served on the ECU Board of Visitors. She currently serves on the ECU Board of Trustees and the ECU Foundation board of directors, and is a former president of the Alumni Association board of directors.
Other scholarships they have established include one that benefits music majors at ECU from Jacksonville High School in memory of James’ brother, Benn, and one that honors Connie’s mother, Jeannette. The Maynards also started a program at Elizabeth City State University that offers scholarships to men who agree to teach in public schools in northeastern North Carolina.
Margaret was awarded the East Carolina Alumni Association’s Distinguished Service Award in 1992 and was inducted into the Educators Hall of Fame in 1999. In 1988, the Alumni Association presented Bob with its Outstanding Alumni Award. Walter and Marie Williams Walter ’51, ’55 and Marie Williams ’53 are two of ECU’s most dedicated supporters. In 2007, the Council for the Advancement and Support of Education honored that dedication and gave Walter its Bill Franklin Volunteer of the Year Award, recognizing the long-term impact of his contributions and service to ECU. In 2008, ECU bestowed an honorary doctor of letters degree on Walter.
James is co-founder and chairman of Investors Management Corp., the holding company that owns Golden Corral. He was awarded the Outstanding Alumni Award in 1980 and served on the ECU Board of Trustees from 1980–1989. Sen. Bob and Katie Morgan Robert (Bob) B. Morgan graduated from ECU in 1947. Katie Owens Morgan earned a BA from ECU in 1946 and a master’s degree in 1954. A former US senator, Bob Morgan is a former adjunct professor at Campbell University in Buies Creek, and partner with Morgan, Reeves and Gilchrist in Lillington, North Carolina. He also served as a clerk of court, North Carolina state senator, North Carolina Attorney General, and director of the State Bureau of Investigation.
In 2005, Marie was inducted into the ECU College of Education Educators Hall of Fame, and was named one of 14 Outstanding Alumni & Friends of the College of Education in 2007. She serves on the College of Education Advancement Council. Walter was inducted into the Educators Hall of Fame in 2004 and was given the Alumni Association’s Distinguished Service Award in 1996. He is a former member of the ECU Foundation board of directors, ECU Board of Trustees, and Board of Visitors, currently serves as director emeritus on the Pirate Club board of directors, and is on the College of Health and Human Performance Advancement Council. Walter received the Virgil Clark Award for Lifetime Achievement & Service in 2000, given by the East Carolina Alumni Association.
Katie was named one of the 100 Incredible ECU Women by the ECU Women’s Roundtable in 2007. She served as a member of ECU’s Board of Trustees, and is active in many community organizations. She was inducted into the ECU Educator’s Hall of Fame in 2002. Bob was given ECU’s Outstanding Alumni Award in 1955 and 1965 and has served as chairman of the ECU Board of Trustees. In 1983, he was awarded the first honorary doctorate from ECU and was named Distinguished Alumni Lecturer in 1998. In 2004, he was honored with the university’s highest award, the Jarvis Medal.
Walter and Marie have established several scholarships and supported myriad other fund-raising efforts at ECU. They provided a founding gift and continue to support the College of Education’s STEPP program, which enables students with learning disabilities to earn a college degree and pursue a career. In 1994, the basketball arena in Minges Coliseum was named Williams Arena in honor of their support of the Pirate Club. Marie’s Café in Minges is named after Marie Williams.
Bob and Mary Plybon Bob Plybon graduated from ECU in 1972 with a degree in business administration. Mary Plybon graduated in 1971 with a degree in social work. They have established the Robert B. and Mary E. Plybon EC Scholars Award. Bob is a former member of the ECU Board of Visitors and currently serves on the ECU Foundation board of directors and is former
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Second Century Campaign
Endowed Professorships Bring Talented Faculty to ECU
With nearly 28,000 students, the need for outstanding faculty at East Carolina is greater than ever before. Endowed professorships help attract and retain the best and most talented faculty to East Carolina, and Dr. Robert W. Ebendorf is a prime example. Without the Carol Grotnes Belk Distinguished Professorship of Art, Ebendorf might not be at East Carolina. Ebendorf came to ECU as a guest lecturer and then joined the faculty on a temporary basis. During that time, noted philanthropists Ike and Carol Belk of Charlotte endowed the Belk Distinguished Professorship. Although the Belk family was looking for an international representative for the job, one of the senior faculty members in the department encouraged Ebendorf to apply for the professorship, which he was awarded in 1999. “I was very fortunate to have the opportunity to stay on,” he said. “It was the graciousness of the Belks to step up to the plate at ECU with creative thinking and forward-looking ideas to support East Carolina.” And ECU is lucky to have him. This internationally recognized metalsmith and educator is represented in worldwide collections such as the Metropolitan Museum in New York; the Victoria and Albert Museum in London, England; the National Museum of Modern Art in Seoul, Korea; and the National Gallery of Victoria in Melbourne, Australia. The Smithsonian, the Mint Museum of Craft + Design in Charlotte, North Carolina, and two other institutions have requested a bequest of his archives. His professional honors include a Fulbright Fellowship, a Louis Comfort Tiffany Grant, and an American Crafts Council Fellowship. literacy in school-aged children. As the Bremer Professor, Walker will promote interdisciplinary teaching between ECU’s Department of Communication Sciences and Disorders and the College of Education, continue her research and service, develop faculty teaching skills, and stimulate clinical research concerning school-aged language learning and literacy disorders.
“Wearing this hat and coat of a distinguished professor has given me the opportunity to unfold my enthusiasm about East Carolina, the university I’m so fortunate to be a part of,” said Ebendorf. Professorships such as the Belk Professorship represent long-term support for faculty members, their research, and projects that offer great potential for producing breakthroughs and innovation. They also enhance ECU’s ability to attract the very best young leaders who want to study with these exceptional instructors. ECU’s Second Century Campaign aims to provide support for even more professorships, further enhancing the ECU experience for students and faculty.
“This professorship will push me in this direction of making a difference in a way I’ve wanted for a long time,” said Walker. “It will escalate my thoughts about interdisciplinary teaching and working with children in the schools in a way that will really benefit them. We need to train teachers, special educators, psychologists, speech language pathologists, and physicians in training to understand this connection before they ever graduate and start to practice.”
Through an endowed professorship, Dr. Marianna Walker, who holds the Barbara W. Bremer Distinguished Professorship in Language Learning and Literacy Disorders in East Carolina’s College of Allied Health Sciences, can expand her focus to include collaboration with the College of Education.
Professorships are endowed with contributions ranging from $333,000 to $1 million. Through the NC Distinguished Professor Endowment Trust Fund, the State of North Carolina provides supplemental grants for endowed professorships, matching $1 of every $2 donated. For example, a gift of $667,000 could qualify for a matching grant of $333,000 to establish an endowment of $1 million. Currently, ECU offers 30 endowed professorships.
In 2008, Barbara W. Bremer and her husband, Dr. Chris Bremer, established the professorship to focus on the connection between language disorders and
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Second Century Campaign
Scholarships areVital
to Attracting and Retaining the Best and Brightest
EC Scholars Program
The EC Scholars program attracts students with the greatest potential to East Carolina University and fosters their growth as some of the brightest of ECU’s future alumni and community leaders. These students must maintain high program standards and continually demonstrate academic excellence and commitment, integrity, and dedication.
Melanie Houston, a third-year student at East Carolina, and Korie Amberger, a fifth-year student earning his master’s degree in economics, embody the spirit of the EC Scholars program. Their leadership and personal and academic achievements make them perfect examples of the program’s mission and ECU’s efforts to prepare its students to compete and succeed in the global economy.
Korie Amberger values the close relationships the EC Scholars program allows him to have with his professors and instructors.
Established in 1998, the EC Scholars program is a four-year program that includes trips, activities, research projects, speakers, classes, and a study-abroad stipend to enhance the university experience. Its goal is to foster intellectual curiosity, personal leadership, and an appreciation of diversity through a program of academic, leadership, service, and social/cultural endeavors centered on a dynamic and student-focused living/learning community.
“I get a lot of personal time with professors,” he said. “[EC Scholars] has given me a lot of opportunity to work one-on-one with them and get access to a lot of different events and ideas they are working on that I would never have had access to if I had gone to a different university.” Through the EC Scholars program, Amberger also had the chance to live in Finland for a year, where he worked with a professor researching linguistic drift. It also helped develop his leadership skills—he became interested in badminton in Finland and founded the ECU Badminton Club when he returned to Greenville. Melanie Houston is one of four EC Scholars in her class who entered ECU through its Early Assurance program. Through this program, up to four seats in the Brody School of Medicine are reserved four years in advance for interested EC Scholars. In addition to all the benefits of being an EC Scholar, medical school faculty members advise and guide the Early Assurance Scholars during their undergraduate years. Houston, a biochemistry and chemistry major, has wanted to be a doctor since she was young. And, as the daughter of two ECU alumni and a member of an ECU family, Houston said ECU felt like a natural fit. “ECU’s been a big part of my life for all my life,” Houston said. “ECU’s always had a special place in our hearts. I’m just really glad I ended up here.” Amberger is finishing up his degree this year and is applying to PhD programs in economics at Johns Hopkins, Cornell, or Brown universities to become an economics professor. He credits the EC Scholars program and ECU with providing him with opportunities for leadership and development. “The scholars who are coming out of the program are some of the best ECU has to offer,” he said. “This program seems to do right, because these kids are getting the experience they need to succeed in very competitive places.”
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Second Century Campaign
Access Scholarships are awarded to North Carolina students with demonstrated financial need and proven academic ability. In the 2008–2009 academic year, ECU awarded 62 Access Scholarships, with goal of providing at least 100 annually.
Access Scholarships
she was afraid she wouldn’t be able to graduate. Since she received an Access Scholarship, she was able to graduate in December 2008, realizing her dream of becoming a college graduate.
When Emily* entered East Carolina University, her father had already been sick for a couple of years. His medical bills made the prospect of paying for Emily’s college education seem impossible. However, she applied for and received an Access Scholarship to East Carolina University, making higher education possible.
Access Scholarships are awarded to North Carolina residents with a minimum GPA of 2.5 and proven financial need determined by ECU Office of Financial Aid. In the 2008–2009 academic year, ECU awarded 62 Access Scholarships, with the goal of providing at least 100 annually. But this is just a drop in the bucket. Currently, ECU can only support 60 percent of the financial aid requests of its students with the most need. More than 9,000 undergraduate students at East Carolina have demonstrated financial need— the highest number in the UNC system. Among all East Carolina graduates, approximately 80 percent have college loan debt to repay. On average, ECU students graduate with $19,000 of debt—the second highest amount in the UNC system. Student scholarships help reduce that debt for students, immediately increasing their opportunities after graduation.
ECU Access Scholarships provide the opportunity for an East Carolina education to students like Emily who demonstrate the academic potential but do not have the financial means to attend the university. The Access Scholarship program also requires recipients to complete at least 20 hours of volunteer service each year through ECU’s Volunteer and Service-Learning Center. When Emily’s father passed away during the second semester of her freshman year, she credits this volunteer requirement for her ability to return to school because it gave her focus. Access Scholarships also help students like Wendy,* who moved to Havelock, North Carolina, with her husband, a United States Marine, four years ago.
The Second Century Campaign provides support to these scholarships. Donor support is vital to the success of the EC Scholars and the Access Scholarship programs. It is only through contributions from donors like you that students such as Korie, Melanie, Emily, and Wendy are able to realize their hopes and dreams, becoming leaders in their communities, and serving as examples of how ECU prepares its students to compete and succeed in an economy that is increasingly global in scope.
“It has always been a dream to graduate from college,” Wendy said. “I will be the first in my family to graduate.” However, since they moved to North Carolina, Wendy’s husband has been deployed to Iraq twice, and they have celebrated the birth of their daughter. These major events in Wendy’s life placed a burden on them financially, and
*Names have been changed
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East Carolina University Foundation
East Carolina University Foundation
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Measures Success of
H
ow do we measure success at East Carolina University? The achievements of our graduates, the completion of a century of service to our communities, and the enrollment of a record number of students demonstrate the success of East Carolina University. By a number of measures, this past year was also a very successful one for the East Carolina University Foundation. With the kickoff of the Second Century Campaign, the East Carolina University Foundation achieved a record year in fund-raising. Our endowment continued to grow, and we earned above benchmark investment returns. Of course, the measure that matters the most is the support we provide to students, faculty, and academic initiatives. I am pleased to report that $5.6 million was transferred to the university, a 36 percent increase over the funding provided last year. The foundation continued to expand the Access Scholarship program that was initiated in 2007. Access Scholarships provide $5,000 per year to students who have demonstrated academic potential but do not have the financial means to attend the university. Sixty-two exceptional students are receiving Access Scholarships this year, more than double the number of recipients in the first year of the program. We especially thank the generous donors who recognize the importance of measuring success by giving deserving students access to a brighter future. Success can also be evident but difficult to quantify. If success is measured by enthusiasm, inspiration, and pride, then we clearly experienced a great year. The advocacy for ECU from the staff and board of the foundation has never been stronger. I am honored to have served as chair for the past two years, and I sincerely thank the staff and board for their support and hard work. The vision of ECU Tomorrow—for leadership and service—is bold. How well we measure up to that vision is dependent on all of us. ECU will need the support of all alumni and friends for that extra margin—the margin of excellence. Thank you for your continued commitment to East Carolina University.
W. Kendall Chalk Chair of the Board of Directors East Carolina University Foundation
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Members of the ECU Foundation Board of Directors are shown in the photo. On the front row from left are Lisa D. Benton, Marilyn A. Sheerer, W. Philip Hodges, Deirdre Mageean, A. Wayne Holloman, Suzanne J. Brooks, Irwin C. Roberts, and Carol M. Mabe. On the second row from left are W. Keller Normann, Robert G. Brinkley, Thomas F. Taft Sr., Julian W. Rawl, Reid S. Fogleman, Steven W. Jones, Sabrina Bengel, W. Kendall Chalk, Brenda D. Myrick, Lynn L. Lane, Alan R. White, Rebecca D. Flowers, Jeffery S. Elwell, Henry W. Hinton Jr., William P. Furr, Robert B. Plybon, Rosie S. O’Neal, and Vincent C. Smith. On the third row from left are Walter Pories, Mark E. Tipton, Philip R. Mahoney, W. Kurt Fickling, John R. Lancaster, Mickey B. Dowdy, William F. Blount, Robert A. Ward, Samuel J. Wornom, Margaret C. Ward, Larry S. Boyer, William F. Clark, Donald K. Brinkley, David A. Bond, James M. Galloway, Douglas H. “Wil” Wilkinson III, Burney S. Warren III, T. Fredrick Webb, and Frederick D. Niswander.
East Carolina University Foundation The East Carolina University Foundation is a dynamic, forward-looking volunteer organization that plays a critical role in advancing our university. This tax-exempt body cultivates friends; raises, manages, and distributes private resources to benefit the institution, its students, and its academic programs; provides positive public advocacy; and ensures the “margin of excellence” that defines East Carolina University today and in the future.
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East Carolina University Foundation
OFFICERS (2007–2008) Chair W. Kendall Chalk Senior Executive Vice President and CCO, BB&T Corporation Winston Salem, NC
Assistant Secretary A. Wayne Holloman Owner, Wayne Holloman & Associates Greenville, NC
Vice Chair Carol M. Mabe Former Vice President, Russell Corporation (retired) Greensboro, NC
Assistant Secretary Thomas F. Taft Sr. Attorney, Taft, Taft & Haigler Former NC State Senator Greenville, NC
President William F. (Bill) Clark ECU Foundation Inc. Greenville, NC
Treasurer Kevin R. Seitz Vice Chancellor, Administration and Finance East Carolina University
BOARD OF DIRECTORS (2007–2008) Steven W. Jones President, Carolinas & Virginia, RBC Bank Inc. Raleigh, NC
Lisa D. Benton Senior Vice President, Human Resources Wachovia Corporation Greenville, NC
Michael W. Kelly Owner, Kelly’s Outer Banks Restaurant Nags Head, NC
William G. Blount President, Home Builders Supply Real Estate Developer Greenville, NC
John R. Lancaster Real Estate Developer Wilmington, NC
David A. Bond Partner, Anderson Hemric Bond, LLC Raleigh, NC
Lynn L. Lane Former Sr. VP & Treasurer, R. J. Reynolds Tobacco (retired) Chocowinity, NC
Robert G. Brinkley Attorney (retired) Charlotte, NC
Terrance L. Little Financial Consultant New York, NY
Rogers H. Clark President, Sampson-Bladen Oil Company Clinton, NC
Philip R. Mahoney CEO, American Security Mortgage Charlotte, NC
Jimmy E. Creech President, Industrial & Construction Enterprises Greenville, NC
Julius Q. Mallette, MD Senior Associate Dean, Brody School of Medicine East Carolina University Greenville, NC
W. Kurt Fickling President, Fickling Insurance Consultants Inc. Greenville, NC
J. Fielding Miller CEO, CapTrust Financial Advisors Raleigh, NC
Rebecca D. Flowers Owner, River Dell Development Inc. Clayton, NC William P. Furr Former Vice President, Cumulus Fibres Inc. (retired) Blowing Rock, NC
Thomas A. Morrow Former Director (retired) Governmental Affairs, Sprint Corporation Washington, NC
James M. Galloway, MD Physician, Pitt Family Physicians Ayden, NC
W. Keller Normann President, Normann Financial Group Sanford, NC
Henry W. Hinton Jr. President, Hinton Media Group Greenville, NC
Rosie S. O’Neal Bishop, Koinonia Christian Center Church Greenville, NC
Alvin B. Hutzler II President, Cliff Weil Inc. Richmond, VA
D. Wayne Peterson Former CEO, Carolina Telephone/Sprint (retired) Pinehurst, NC
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East Carolina University Foundation
Robert B. Plybon President, Plybon & Associates Greensboro, NC
Edward T. Smith Financial Advisor, Wachovia Securities Greenville, NC
Walter J. Pories, MD Professor of Surgery and Biochemistry ECU Department of Surgery Greenville, NC
Mark E. Tipton CEO, Whistler Investment Group Raleigh, NC David R. Twiddy President, Gateway Bank & Trust Elizabeth City, NC
Julian W. (Bubba) Rawl Partner, Rawl Industries Greenville, NC
Margaret C. Ward Educator (retired) Burlington, NC
Irwin C. Roberts President, Division One, Golden Corral Corporation Raleigh, NC
Robert A. Ward Former Executive Vice President, Unifi (retired) Burlington, NC
W. Allen Separk Attorney Marietta, GA
Thomas F. “Rick” Webb, DDS Periodontist; President, TFW Greenville, NC
Stephen D. Showfety CEO, Koury Corporation Greensboro, NC
Douglas H. “Wil” Wilkinson III Co-owner, Wilkinson Cadillac, Pontiac, GMC Sanford, NC
Ex-officio (2007–2008) Steve Ballard, PhD Chancellor, East Carolina University Greenville, NC
Brenda D. Myrick Chair, East Carolina Alumni Association East Carolina University New Bern, NC
Larry Boyer, PhD Director, Academic Library Services East Carolina University Greenville, NC
Frederick D. Niswander, PhD Dean, College of Business East Carolina University, Greenville, NC
Michael B. “Mickey” Dowdy Vice Chancellor, University Advancement East Carolina University Greenville, NC
Ralph V. Rogers, PhD Dean, College of Technology and Computer Science East Carolina University Greenville, NC
Jeffery S. Elwell, PhD Dean, College of Fine Arts and Communication East Carolina University Greenville, NC
Kevin R. Seitz Vice Chancellor, Administration and Finance East Carolina University Greenville, NC
Margie L. Gallagher, PhD, RD Interim Dean, College of Human Ecology East Carolina University Greenville, NC
Marilyn A. Sheerer, PhD Interim Provost East Carolina University, Greenville, NC John A. Swope, EdD Interim Dean, College of Education East Carolina University, Greenville, NC
Glen G. Gilbert, PhD Dean, College of Health and Human Performance East Carolina University Greenville, NC
Burney S. Warren, III ECU Real Estate Foundation, ECU Executive Vice President, BB&T Greenville, NC
Robert J. Greczyn Jr. Chair, Board of Trustees East Carolina University Greenville, NC Deirdre M. Mageean, PhD Vice Chancellor, Research and Graduate Studies East Carolina University Greenville, NC
Alan R. White, PhD Dean, Harriot College of Arts and Sciences East Carolina University Greenville, NC
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Dr. Jesse Peel and his mother, the late Helen Peel, have a lengthy history of giving to East Carolina. From their funding of scholarships for ECU’s best and brightest students to creating professorships that attract top-notch faculty to campus, the Peels have been shining examples of how the generosity of supporters can have lifechanging effects.
East Carolina University Foundation
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Helping Ensure a
Brighter Future
Giving Benefits University Community
I
n 1986, Dr. Jesse Peel of Atlanta, Georgia, and his mother, Helen Peel of Everetts, North Carolina, established the J. Woolard Peel University Scholars Award to memorialize his father, Woolard Peel. Jesse and his mother were among the first 10 families to help establish the EC Scholars Program. Although Woolard Peel graduated from North Carolina State University, Helen attended Louisburg College, and Jesse completed his undergraduate work and medical school at the University of North Carolina–Chapel Hill, Jesse and Helen established this scholarship because Woolard often said ECU was the future of eastern North Carolina. In 1995, they increased the J. Woolard Peel University Scholars Award, and Helen established a life estate to fund a distinguished professorship. When Helen passed away in June 2005, funds from the sale of her life estate were used to create the J. Woolard and Helen Peel Distinguished Professorship in Religious Studies. It was endowed in July 2007, and the first Peel Professor was named in fall 2008. In addition, Helen’s estate made a bequest to the ECU Medical & Health Sciences Foundation to set up a Core Competencies program in the Brody School of Medicine at East Carolina University. Jesse has set up a retained life-estate planned gift that will create two distinguished professorships and provide funding for ECU’s Institute for Social Diversity. The Dr. Jesse R. Peel Distinguished Professorship in Social Diversity in the Department of Sociology will attract and retain an outstanding faculty member for that department. The Dr. Jesse R. Peel Distinguished Professorship in Social Diversity in the College of Education will enable that college to attract and retain experts within the field. Jesse’s generous funding for the Institute for Social Diversity will increase awareness among the student population about the importance of diversity and understanding within the university community. That multipronged approach will increase the ECU community’s ability to exchange ideas on these important issues, serving East Carolina’s faculty, staff, students, and region well in the future.
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The Harold H. Bate Foundation carries on the vision of a philanthropist who saw the value in East Carolina as a regional leader and community partner. Current board members are (left to right) Gary Baldree, Joyce Hendricks (director), Berleen Burnette, Don Brinkley (president), Benny Mullinix, Bob Mattocks, and Si Seymour. At right is a photo of the late Harold H. Bate.
East Carolina University Foundation
Nurturing a
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Profound Love
Philanthropist’s Vision Enhances Lives
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astern North Carolina is a long way from upstate New York, yet it was there that Harold Bate nurtured a love of forestry and higher education that would benefit East Carolina for years to come. After graduating from the School of Forestry at Cornell University in 1930, Bate joined the family lumber business in New York City. During his career, he was involved with the operation of several sawmills and the acquisition of timberlands. Expansion of the business brought him to North Carolina, and he moved to New Bern in 1964. Bate fell in love with the region he now called home, the hard-working individuals who lived here, and the university with a mission to serve eastern North Carolina. Shortly before his death in 2000, at the age of 93, Bate established the Harold H. Bate Foundation and designated East Carolina as one of its primary beneficiaries. At a recent board of directors meeting, members fondly recalled a very unassuming, humble man with great insight and vision, who was disciplined in both thoughts and actions. Don Brinkley, ’80, currently serves as president of the Bate Foundation. “Mr. Bate was a strong supporter of East Carolina during his lifetime,” said Brinkley. “It is imperative that we continue to grow this partnership. Together, we can impact tremendously on the lives of people throughout our region.” Today, the Bate Foundation’s assets are approaching $37 million. Board members are responsible for carrying out the vision of the philanthropist who wanted to enhance education, youth and recreation, and the quality of life for the deserving people of eastern North Carolina. The Bate Foundation has provided East Carolina numerous scholarships for bright, talented students from Jones, Pamlico, and Craven counties, as well as financial support for construction of the baseball stadium, a camp for overweight teens, and public health scholars. In 2001, East Carolina named its General Classroom Building, home to the Harriot College of Arts and Sciences and the College of Business, in honor of the lumber executive turned longtime friend and benefactor of the university.
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Former North Carolina State Senator Thomas F. Taft and Dr. Elizabeth Doster Taft hope their gift that established a distinguished professorship at ECU will help further solidify the university’s role in preparing leaders in education. The professorship will help ECU recruit a world-class scholar to campus.
East Carolina University Foundation
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Boosting the
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Professorship Emphasizes ECU’s Role as Leader
ormer N.C. State Senator Thomas F. Taft and Dr. Elizabeth Doster Taft believe that education—math and science education in particular—is key to America’s competitive edge in the global economy. And they believe that as the largest producer of teaching professionals for North Carolina schools, East Carolina University is well positioned to play an important role in maintaining that competitive edge. To help enhance ECU’s ability to turn out qualified math and science teachers, Dr. Taft, an associate professor in the ECU College of Education’s Department of Mathematics and Science Education, and Senator Taft established the Tom and Liz Taft Distinguished Professorship for Science Education and the Tom and Liz Taft Scholarship for Science and Mathematics Education for students in the College of Education. With matching gifts from the C. D. Spangler Foundation and the UNC system through its Distinguished Professors Endowment Trust Fund, the Tafts’ donation will provide $1.25 million in support for the university. “The diminishing number of young people interested in—and well prepared for—careers in science, engineering, and technology is one of several trends that is beginning to undermine America’s competitive edge in the knowledge-based global economy,” said Tom Taft. “We hope this contribution to ECU will help recruit a world-class scholar in science education that will enhance the reputation of the department and permit them to recruit highly qualified students interested in teaching math and science in public schools.” In 1975, the United States was ranked third in the world in the percentage of students pursuing natural science and engineering degrees, according to a speech Tom Taft made to the UNC Tomorrow Commission in 2007. Now, the United States is ranked 17th. The Tafts hope their gift will help close that gap. “Liz and I would humbly and respectfully challenge everyone to think long and hard about how much East Carolina University has meant over their lifetime and how much more it is going to do for you over the coming decades,” Tom said. “Evaluate what you think you can afford and then think about what Greenville and eastern North Carolina would be like without East Carolina University, and then instead of thinking about what you can afford to give, think about what you can afford not to give.”
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David Bond gives back to his alma mater in many ways. Among them, the 1978 BSBA graduate and his wife, Pamela, have established more than 20 new Access Scholarships for students in the College of Business. These scholarships will provide an entry point for students who demonstrate academic excellence and financial need.
East Carolina University Foundation
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Providing D
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avid and Pamela Bond recently established more than 20 new Access Scholarships in the College of Business, designed to help students who demonstrate both academic excellence and financial need. As a new retiree, David Bond (BSBA ’78) is enjoying his newfound free time—spending time with his wife, traveling, and cofounding a residential construction business in Raleigh. David retired in January 2008 as president of the HealthMatics division of Raleighbased Allscripts, a leading supplier of clinical and financial applications for the ambulatory health-care market. Although retired, Bond stays involved with university activities and enjoys giving back to ECU in many different ways. He currently serves on the Business Advisory Council at East Carolina University and is a frequent guest speaker in business classes and campus seminars. Bond also serves on the ECU Educational Foundation, better known as the Pirate Club, and is a board member of the ECU Foundation. The David A. and Pamela S. Bond Access Scholarships are awarded annually to full-time students as well as incoming freshmen with a declared major in the College of Business. The amount of each scholarship totals $5,000, covering the cost of in-state tuition, fees, and books. Selected through a process including the ECU Office of Financial Aid and College of Business Scholarship Committee, the first seven scholarship recipients were honored in April 2008 at an awards banquet. Bond and his wife attended the ceremony, where they had the opportunity to meet and congratulate the students in person. “These scholarships are a small way to give back to an institution I care so much about,” David Bond explained. “Being an ECU College of Business graduate has given me the opportunity to succeed in the world of business. Unfortunately, many qualified students because of financial constraints cannot advance their education; hopefully these scholarships will be an entry point for some of those students.”
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East Carolina University Foundation
East Carolina University Foundation
Advancement Staff
Bill Clark President, ECU Foundation 252-328-9594 clarkw@ecu.edu
Greg Abeyounis Assistant Vice Chancellor for University Development 252-328-9573 abeyounisg@ecu.edu
Rory Manaro Assistant Vice Chancellor for Major Gifts 252-328-9484 manaror@ecu.edu
Christy Deardorff Director of Annual Giving 252-328-9579 deardorffc@ecu.edu
Cynthia Adams Major Gifts Officer J. Y. Joyner Library 252-328-9577 adamscy@ecu.edu
Sharon Hamilton Director of Corporate and Foundation Relations 252-328-9570 hamiltons@ecu.edu
Kathy Brown Major Gifts Officer College of Human Ecology 252-328-9552 brownk@ecu.edu
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Kay Murphy Director of Advancement Services 252-328-9563 murphyk@ecu.edu
Vicky Morris Director of Donor Relations and Scholarships 252-328-9559 morrisv@ecu.edu
East Carolina University Foundation
Michael Ward Major Gifts Officer College of Technology and Computer Science and Division of Student Affairs 252-328-9566 wardmi@ecu.edu
Duane Grooms Major Gifts Officer College of Health and Human Performance 252-328-4662 groomsd@ecu.edu
Marcy Romary Senior Major Gifts Officer College of Education Director of Women’s Philanthropy 252-328-9580 romarym@ecu.edu
Colin O’Connor Senior Major Gifts Officer College of Business Director of Academic Leadership Programs Philanthropy 252-328-9562 oconnorc@ecu.edu
Christina Kennedy Controller ECU Foundation 252-328-9553 kennedyc@ecu.edu
Nancy L. Ball Scott Wells Major Gifts Officer Major Gifts Officer Thomas Harriot College of College of Fine Arts and Communication Arts and Sciences 252-737-1505 252-328-9560 balln@ecu.edu wellss@ecu.edu
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Susan Dunning Director of Gift Records 252-328-9571 dunnings@ecu.edu
Kara Loftin Director of Communications 252-328-9597 loftink@ecu.edu
East Carolina University Foundation
East Carolina University Foundation
Financial Information Consolidated Financial Report The accounting firm of McGladrey and Pullen LLC, Certified Public Accountants, has completed the annual audit of the books and records of the East Carolina University Foundation for the fiscal year ended June 30, 2008. The ECU Foundation has again received a “clean” unqualified opinion from the auditors. A full copy of the audited financial report and the auditor’s opinion letter are available for review on the foundation’s Web site at www.ecu.edu/ecuf. For your convenience, the following executive summary financial statements of the ECU Foundation are included on the next page: Statement of Financial Position Statement of Activities
IRS Form 990 The East Carolina University Foundation is a 501(c)(3) nonprofit organization and is required to file an IRS Form 990 each year. A copy of the latest Form 990 is available for review on the foundation’s Web site at www.ecu.edu/ecuf.
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East Carolina University Foundation
EAST CAROLINA UNIVERSITY FOUNDATION INC. Executive Summary of Financial Statements Fiscal Year Ended June 30, 2008 in Thousands of Dollars
Statement of financial position
Year Ended 6/30/2008
Year Ended 6/30/2007
$
4 2,325 7,269 69,553 3,283 931 83,365
$
2,926 9,715 27,309 43,415 83,365
$
6,790 2,207 (228) (514) 8,255
$
$
$
5,340 684 2,479 42 8,545
$
4,117 609 1,840 52 6,618
$
(290)
$
13,494
assets
Cash Pledges Receivable Trusts, Annuities, and Insurance Investments Real Estate and Joint Ventures All Other Total Assets
$
$
6 2,315 7,921 69,636 3,410 106 83,394
liabilities and net assets
Liabilities Unrestricted Assets Temporarily Restricted Assets Permanently Restricted Assets Total Liabilities and Net Assets
$
$
$
2,665 10,500 29,266 40,963 83,394
Statement of ActivitIES revenues
Gifts and Contributions Contributed Services from University Return on Investments All Other Revenue Total Revenues
$
$
$
7,359 1,805 9,722 1,226 20,112
expenses
Scholarships and University Support Management and Administration Fund-Raising Writeoff Uncollectible Pledges Total Expenses
$
Revenues exceed expenses by:
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ECU Medical & Health Sciences Foundation
ECU Medical & Health Sciences Foundation
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A Vision for
Leadership Service and
L
ed by a board of community and regional leaders, the ECU Medical & Health Sciences Foundation continues its long-standing mission to ensure that students have the buildings, labs, and clinical settings needed to prepare for careers in medicine and health care. Because of the generosity of our supporters, students have more opportunities than ever for learning and service. The Health Sciences Campus offers collaboration of medical, nursing, and allied health students with specialized labs and training facilities. With an eye to the future, the challenge to attract excellent students through scholarships, provide advanced technology and equipment for research, support talented faculty, and provide outstanding health care will continue to be the priority of the East Carolina University Medical & Health Sciences Foundation. We have a great deal to be proud of in the Division of Health Sciences, including the following highlights.
• Plans are in place to expand the medical school class from 73 to 120. • The College of Nursing has been designated as a “Center of Excellence.” • The College of Allied Health Sciences prepares more health sciences specialists than any other university in the UNC system. • Laupus Health Sciences Library is a 21st-century technology and information center for students, faculty, practicing professionals, and the community-at-large. • The dental school and new family medicine center are under construction. • The East Carolina Heart Institute will open this year, joining the Leo Jenkins Cancer Center and Metabolic Institute in their focus on diseases with particular prevalence in eastern North Carolina. As the population ages and grows, so will the demand for a highly skilled health-care workforce. Health care is a rapidly expanding sector of the economy, and gifts to the ECU Medical & Health Sciences Foundation help to ensure continued economic growth for our region and better health care for our citizens. We invite you to become our philanthropic partners in this vision for the future.
David J. Whichard II Chair of the Board of Directors ECU Medical & Health Sciences Foundation
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Members of the ECU Medical & Health Sciences Foundation Board of Directors are shown in the photo. From left in the bottom row are Benjamin L. Dixon Jr., Jonathan R. Day, Carole L. Novick, Shelby S. Strother, Lynn L. Lane, and Jasper L. Lewis Jr., DDS. In the middle row are Eloise K. Howard, Robert L. Jones, Michael B. Dowdy, Richard Brown, Thomas L. Edwards Sr., and James W. Chesnutt. In the back row are Zane G. Buckman, Gary R. Vanderpool, Phyllis N. Horns, RN, DSN, FAAN, Steve Ballard, PhD, Paul R. G. Cunningham, MD, FACS, David J. Whichard II, Gabriel Cipau, PhD, and Stephen W. Thomas, EdD.
ECU Medical & Health Sciences Foundation
The ECU Medical & Health Sciences Foundation is a 501(c)(3) organization whose purpose is to seek and acquire charitable gift support from individuals, businesses, organizations, corporations, and foundations to support ECU’s Division of Health Sciences, including the College of Allied Health Sciences, Brody School of Medicine, College of Nursing, the William E. Laupus Health Sciences Library, the East Carolina Heart Institute, Metabolic Institute, and the Leo Jenkins Cancer Center. As the division’s official charity, funds received and managed by the ECU Medical & Health Sciences Foundation are designed to enhance education, teaching, research, and service within Health Sciences at East Carolina University.
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ECU Medical & Health Sciences Foundation
OFFICERS Secretary Thomas L. Edwards Sr. President, Carolina Ice Company Inc. Kinston, NC
Chair David J. Whichard II Chair, The Daily Reflector Grimesland, NC Vice Chair Eloise K. Howard Community Volunteer Greenville, NC
Treasurer Gary R. Vanderpool Executive Associate Vice Chancellor for Health Sciences Administration and Finance, and Executive Associate Dean for Administration and Finance, Brody School of Medicine East Carolina University Greenville, NC
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ECU Medical & Health Sciences Foundation
BOARD OF DIRECTORS Mrs. Gale B. Adcock Director, SAS Corporate Health Services Cary, NC
Phyllis N. Horns, RN, DSN, FAAN Interim Vice Chancellor for Health Sciences, East Carolina University Greenville, NC
Steve Ballard, PhD Chancellor, East Carolina University Greenville, NC
Valentine Howell-Melton Community Volunteer Greenville, NC
Alice H. Bost Community Volunteer Greenville, NC
Robert L. Jones Developer, Davidson and Jones Group Raleigh, NC
Hazel J. Brown, DDS H. J. Brown & Associates, DDS, PA Greenville, NC
Lynn L. Lane Former (retired) Senior Vice President and Treasurer, R. J. Reynolds Chocowinity, NC
Richard Brown Former (retired) Vice Chancellor for Administration and Finance, East Carolina University Emerald Isle, NC
Jasper L. Lewis Jr., DDS Eastern Orthodontists and Pediatric Dentistry Greenville, NC
Sylvia T. Brown, EdD Acting Dean, ECU College of Nursing Greenville, NC
Collice C. Moore President, Moore & Piner LLC Greenville, NC
Zane G. Buckman Real Estate Developer, Inner Banks Development LLC Washington, NC
Carole L. Novick Associate Vice Chancellor and President, ECU Medical & Health Sciences Foundation, East Carolina University Greenville, NC
D. Gregory Chadwick, DDS Interim Dean, School of Dentistry, East Carolina University Greenville, NC
Kevin R. Seitz Vice Chancellor for Administration and Financial Services, East Carolina University Greenville, NC
James W. Chesnutt President/CEO, National Spinning Company Washington, NC Gabriel (Gabe) Cipau, PhD President, Key Partners Inc. Raleigh, NC
Dorothy A. Spencer, PhD Director, William E. Laupus Health Sciences Library, East Carolina University Greenville, NC
Jonathan R. Day President, Jon Day & Associates Inc. Greenville, NC
H. L. Stephenson III Ward & Smith, PA Winterville, NC
Benjamin L. Dixon Jr. Owner, Chick-Fil-A Winterville, NC
Shelby S. Strother Educator (retired) Edenton, NC
Michael B. Dowdy Vice Chancellor for University Advancement, East Carolina University Greenville, NC
Stephen W. Thomas, EdD Dean, College of Allied Health Sciences, East Carolina University Greenville, NC
John P. Holt Jr., MD Partner, Triangle Gastroenterology Wake Forest, NC
David L. Ward Jr. Attorney, Ward & Smith, PA New Bern, NC
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Honoring the family that helped them realize the American dream, Dr. Yuandong Ji and Dr. Chunguang Li gave a gift to ECU that led to the naming of the exhibit gallery in Laupus Library on the university’s Health Sciences Campus.
ECU Medical & Health Sciences Foundation
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Honoring Family a Beloved
Naming Opportunity Recognizes Support, Kindness
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he exhibit gallery on the fourth floor of East Carolina’s Laupus Library has been named in honor of Evelyn Fike Laupus by the Ji and Li Family Foundation. The foundation is directed by Dr. Yuandong Ji and his wife, Dr. Chunguang Li, of Greenville, and their son, Niuniu Ji of Boca Raton, Florida. Evelyn Laupus was married for nearly 60 years to the late Dr. William Laupus, dean of the ECU School of Medicine from 1975 to 1988, and vice chancellor for health sciences from 1987 to 1989. The library is named for Dr. Laupus, who died in 2005. “The Ji and Li Family Foundation’s contribution to the Laupus Library is a wonderful and fitting way to honor Mrs. Laupus,” said Carole Novick, president of the East Carolina University Medical & Health Sciences Foundation. “Both the Laupus family and the Ji and Li family have done a great deal for ECU and we are grateful for their support.” Dr. Li and Dr. Laupus met in 1984 when an ECU medical school delegation visited Tianjin Medical College in Tianjin, China, where Li was an assistant professor of medicine and assigned as an interpreter for the group. During the visit, Laupus learned that Li wanted to move to the United States to be closer to her husband, then a doctoral student at Case Western Reserve University. Forging a lifelong friendship, Laupus helped Li apply to ECU to study for her doctorate in physiology, which she earned in 1991. The Laupus family continued to mentor the Li and Ji family over the years. Dr. Laupus even encouraged Niuniu Ji to attend Case Western Reserve University, his father’s alma mater, where he was named a Rhodes Scholar. “Without the help of the Laupus family, we would not have come to Greenville or been so successful,” Dr. Ji said. “They changed our lives and we appreciate God’s work through their hands to make our American dream come true.”
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Dr. Chris and Barbara Bremer have a passion for helping improve the quality of people’s lives. Their generosity established the Barbara W. Bremer Distinguished Professorship in Language Learning and Literacy Disorders, an endowed professorship in ECU’s College of Allied Health Sciences. The first recipient of the professorship, Dr. Marianna Walker, is shown at right.
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Influencing Success a Life of
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hris and Barbara Bremer are an amazing example of how two people can change the lives of many, both now and in the future. Their extraordinary gift to the Department of Communication Sciences and Disorders (CSDI), which will be matched by the UNC system, establishes the very first endowed professorship in the 40-year history of the College of Allied Health Sciences at East Carolina University. As a speech-language pathologist, Barbara knows first-hand how critical language skills are in school-aged children and how devastating the effects can be without intervention. Barbara’s passion for improving language-learning and literacy in school-aged children is brought to life through this professorship, which necessitates a collaborative relationship with the College of Education. Dr. Chris Bremer, Barbara’s husband, is a professor emeritus in the Department of Family Medicine at the Brody School of Medicine. Both of their lives have always focused on the quality of life of others. The recipient of the Barbara W. Bremer Distinguished Professorship in Language Learning and Literacy Disorders, Dr. Marianna Walker, will focus on research and clinical innovation. In addition, she will promote interdisciplinary teaching, develop faculty instructional skills, and stimulate research in the area of school-aged language learning and its relationship with literacy. The Bremers felt that the Department of CSDI, where Barbara earned her master’s degree in 1983, would help open those doors. “When children get excited about reading,” Barbara said, “it opens a world to them that they choose. It opens their lives. When school-aged children have language problems, they often develop reading problems. It is imperative that a team of professionals, educators, and speech-language pathologists join forces to ensure the child’s successful development, which will eventually have a long-term impact on his or her success in life.”
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“Being selected as a Brody Scholar is a life-changing event,” says Thad West, MD. “Now it is our turn to show our gratitude.” The Class of 1993 Brody Scholar is joining with other Brody Scholars to make gifts or pledges that will help advance the tradition of generosity and academic excellence in medicine at East Carolina University.
ECU Medical & Health Sciences Foundation
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Showing Gratitude
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here’s no better way to show gratitude than by giving back to help others. That is exactly what the Brody Scholars intend to do. The Brody Medical Scholarship is North Carolina’s most distinguished medical scholarship. The program was established by the Brody family of Kinston and Greenville, North Carolina, as part of its long-standing commitment to the Brody School of Medicine. Beginning with a generous gift to ECU to help establish the medical school, the Brody family has steadfastly supported medical education at ECU and remains one of the school’s most dedicated friends. Each year, four outstanding applicants to the Brody School of Medicine at East Carolina University are invited to become Brody Scholars. The award is offered to incoming medical students who show high scholarship ability, with strong evidence of leadership, service, moral character, and a promise of distinction in the field of medicine. The scholarship provides full tuition and fees and most living expenses for four years of medical school, allowing scholars to choose a medical specialty without the worry of debt after graduation. It also funds summer enrichment, such as travel abroad and special projects, and supports service projects students may undertake while in medical school. This year, former Brody Scholars are joining forces in an effort to create an additional Brody Medical Scholarship. Their goal is to create a $500,000 endowment that would generate enough interest to fund a scholar each year. “Being selected as a Brody Scholar is a life-changing event,” said Thad West, MD, Brody Scholar Class of 1993. “Now it is our turn to show our gratitude.” To continue the tradition of generosity and academic excellence in medicine, former Brody Scholars are being asked to make a gift or pledge. The Brody Foundation is offering a matching gift of $100,000 if the Scholars can raise $400,000—a goal that can be reached if every Brody Scholar pledges $5,000. Pledges can be paid all at once or over a five-year period. “We want to support the tradition that helped us begin our careers. It is the best way we can say ‘thank you’ to the Brody family for all they have done for us,” said Doug Barrow, MD, Brody Scholar Class of 1990.
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Dr. Sylvia Brown of the ECU College of Nursing established the College of Nursing Emergency Needs Fund, which provides critical financial support to nursing students in times of financial hardship.
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Dream Life Bringing a
to
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or Renee Espinoza, becoming a nurse was a lifelong dream. She felt that nothing could be more rewarding. On the road to achieving her dream, however, Espinoza encountered many detours. Espinoza, a 30-year-old single mother of two, entered the nursing program in the spring of 1998. After only one year in the program, her life took an unexpected turn and she was forced to withdraw, though she vowed to continue as soon as she could. Seven years later, in 2006, Espinoza wrote to the nursing student affairs committee to request readmission, which was granted with the stipulation that she re-take the program from the beginning and pass some additional academic requirements. “I didn’t care what ‘extra’ work I had to do. I was grateful to be readmitted,” she said. However, as graduation approached, Renee’s life was again taken off course by a financial emergency that could have made it impossible for her to complete her requirements. That’s when the College of Nursing Emergency Needs Fund provided the critical support to bring her dream to life. Dr. Sylvia Brown, acting dean of ECU’s College of Nursing, established the fund in 2007 through the “Dean’s Gift,” which provides $10 in the name of each firstsemester nursing student. The fund started with $1,300, and was designed to not only assist students during times of financial hardship, but also to develop a philanthropic environment to introduce and encourage a lifetime of giving by students. “This is an innovative way to meet an immediate emergency need while looking ahead to create a sustainable trend of giving back among our graduates,” Brown said. Although the “Dean’s Gift” provided the founding contribution to the fund, the desire to help others has caught on, and both graduating classes of 2008 have given their senior gift to the College of Nursing Emergency Needs Fund. “The Dean’s Gift meant the difference between obtaining a North Carolina nursing license and not being able to reach my goal,” Espinoza said. “I am truly grateful for the gift, and I hope to one day be able to help others who are trying to fulfill their lifelong dreams.”
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ECU Medical & Health Sciences Foundation
The ECU MEDICAL & HEALTH SCIENCES FOUNDATION
Advancement Staff
Carole L. Novick President ECU Medical & Health Sciences Foundation 252-744-2238 novickc@ecu.edu
Cynthia Adams Director of Development Laupus Library 252-328-9577 adamscy@ecu.edu
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Karen Cobb Director of Annual Giving and Alumni and Parent Relations Brody School of Medicine 252-744-2238 cobbk@ecu.edu
ECU Medical & Health Sciences Foundation
Mark W. Alexander Director of Development College of Nursing 252-744-2324 alexanderma@ecu.edu
Patrice M. Frede Director of Development College of Allied Health Sciences 252-744-3523 fredep@ecu.edu
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T. Greg Prince Director of Development Health Sciences Division and Brody School of Medicine 252-744-6265 princet@ecu.edu
ECU Medical & Health Sciences Foundation
The ECU MEDICAL & HEALTH SCIENCES FOUNDATION
Financial Information Consolidated Financial Report The accounting firm of McGladrey and Pullen LLC, Certified Public Accountants, has completed the annual audit of the books and records of the ECU Medical & Health Sciences Foundation for the fiscal year ended June 30, 2008. The ECU Medical & Health Sciences Foundation has again received a “clean” unqualified opinion from the auditors. A full copy of the audited financial report and the auditor’s opinion letter are available for review on the foundation’s Web site, www.ecu.edu/mhsfoundation. For your convenience, the following executive summary financial statements of the Medical & Health Sciences Foundation are included on the next page: Statement of Financial Position Statement of Activities
IRS Form 990 The ECU Medical & Health Sciences Foundation is a 501(c)(3) nonprofit organization and is required to file an IRS Form 990 each year. A copy of the latest Form 990 is available for review on the foundation’s Web site, www.ecu.edu/mhsfoundation.
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ECU Medical & Health Sciences Foundation
ECU MEDICAL & HEALTH SCIENCES FOUNDATION INC. Executive Summary of Financial Statements Fiscal Year Ended June 30, 2008 in Thousands of Dollars
Statement of financial position
Year Ended 6/30/2008
Year Ended 6/30/2007
$
15 2,525 237 26,319 1,730 875 31,701
$
556 4,260 12,783 14,102 31,701
$
3,342 1,142 (1,753) 228 2,959
$
1,719 593 758 – 3,070 (1,678)
$
(1,789)
$
assets
Cash Pledges Receivable Other Receivables Investments Real Estate and Collectibles All Other Total Assets
$
$
2 2,461 298 28,288 1,695 833 33,577
liabilities and net assets
Liabilities Unrestricted Assets Temporarily Restricted Assets Permanently Restricted Assets Total Liabilities and Net Assets
$
$
$
642 6,621 11,967 14,347 33,577
Statement of ActivitIES revenues
Gifts and Contributions Contributed Services from University Return on Investments All Other Revenue Total Revenues
$
$
$
3,459 811 3,487 129 7,886
expenses
Scholarships and Health Sciences Support Management and Administration Fund-Raising Writeoff Uncollectible Pledges Total Expenses Transfer of Endowment to ECU
Revenues exceed expenses by:
$
$ $
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$
2,020 587 450 21 3,078 (316) 4,492
ECU Educational Foundation
ECU Educational Foundation
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Pressing Forward
in Support of Pirate Athletics
A
s I wind down my term as executive president of the East Carolina University Educational Foundation, I take pride in the efforts of Pirate Club members and staff in making Fiscal Year 2007–2008 another successful year for the Foundation in raising private support on behalf of ECU Athletics. During the past fiscal year, Pirate Club membership topped the 13,000-member mark, which included the Student Pirate Club’s growth to 5,000 members strong during the year. As a result, the Pirate Club passed the $5 million threshold in annual fund giving for the first time in its history. Also during the fiscal year, the Pirate Club raised more than $2.5 million in capital support, including almost $2 million toward the Educational Foundation’s student-athlete scholarship endowment building initiative. In light of Pirate Club members’ generosity, the Educational Foundation was able to turn over a record $3.6 million in unrestricted scholarship support and more than $400,000 in programmatic support to ECU Athletics during Fiscal Year 2007–2008. Looking forward, ECU Athletics’ best days are still ahead! Under the leadership of Director of Athletics Terry Holland, plans are being made to expand Dowdy-Ficklen Stadium’s capacity to 50,000 seats and to make major upgrades to ECU Athletics Olympic sports facilities. Although the present economic uncertainty in America is of concern to us all, the Pirate Nation must remain steadfast in its support of ECU Athletics through the Educational Foundation, at a time when much is at stake for our athletics program on the Division I level. The future success of ECU Athletics depends upon our faithful support! To sustaining Pirate Club members, sincere thanks for your loyal support of the Educational Foundation in Fiscal Year 2008–2009. Your support has and is making a difference. Go Pirates! Sincerely,
Grant D. Jarman Executive President East Carolina University Educational Foundation
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t
t
Members of the ECU Educational Foundation Board of Directors are shown in the photo. From left on back row are J. Tom Matthews, Dr. David Dosser, Steve Keen, TJ Lewis, Woody Tyner, Mark Warren, Mark Wharton, David Bond, Dick Bennett, Terry Holland, Howard Swain, and Gary Warren. Seated from left on front row are John Hudson, Walt Hinson, Jerry Wilkins, Grant Jarman, Steve Ballard, Jimmy Creech, Diane Murphrey, and Jimmy Townsend. A complete list of board members begins on page 54.
ECU Educational Foundation The mission of the East Carolina University Educational Foundation, also known as the Pirate Club, is to be the friend-raising and fundraising arm of East Carolina University’s Division I athletics program. By conducting annual fund campaigns in support of Pirate studentathlete scholarships and capital campaigns in support of athletic facility enhancements and other programmatic needs, the Pirate Club seeks to bring positive recognition to East Carolina University and the region it serves through a competitive athletics program.
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ECU Educational Foundation
EXECUTIVE COMMITTEE Executive President Grant D. Jarman Jarman Auto Sales Greenville, NC
DIRECTOR EMERITUS Walter L. Williams Owner, Trade Wilco Hess Greenville, NC
Executive Vice President Jerry Wilkins Retired Wilmington, NC
Executive Treasurer Kevin R. Seitz Vice Chancellor for Administration and Finance, East Carolina University Greenville, NC
Executive Director Mark T. Wharton East Carolina University Educational Foundation Greenville, NC
2006–2008 BOARD OF DIRECTORS Richard Bennett President, Canyon Management Consultants Liberty, NC
Robert T. Maynard Retired Cary, NC
Steve Keen Owner, Adams Auto Wash Goldsboro, NC
Ed Mizell Retired Wilmington, NC
Thad J. Lewis III CEO, Thad’s Carpet One Greenville, NC
2007–2009 BOARD OF DIRECTORS Jimmy Townsend Townsend Real Estate Fayetteville, NC
Diane Murphrey Senior Vice President, Finance and Administration, CopyPro Ayden, NC
Marshall Tyner Senior Vice President, BB&T Wilson, NC
Jim Creech President/CEO, Industrial & Construction Enterprises Inc. Greenville, NC
R. Mark Warren Attorney, The Twifold Law Firm Elizabeth City, NC
2008–2010 BOARD OF DIRECTORS David A. Bond Retired Raleigh, NC
Howard Swain Vice President, Pfizer Pharmaceuticals Raleigh, NC
Don Edwards Owner, University Book Exchange Greenville, NC
Gary Warren Financial Advisor, Scarboro & Warren Kernersville, NC
J. Tommy Mathews Owner, HRST Finance, Inc. Portsmouth, VA
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ECU Educational Foundation
EX-OFFICIO ECU Chancellor Steve Ballard Director of Athletics Terry Holland
OTHER Immediate Past President John P. Hudson First Vice President Investments, IJL Wachovia Durham, NC
Faculty Representative David A. Dosser Jr., PhD College of Human Ecology, East Carolina University Greenville, NC
COUNSEL Walter Hinson Senior Partner, Hinson & Rhyne, PA Wilson, NC
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Local businessman Tom McLean enjoyed a career that brought him in close contact with the community. By sharing the fruits of his success with ECU Athletics, McLean is supporting the university while helping bolster its presence—and success—as a community leader.
ECU Educational Foundation
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Pirates
Supporting
Pirates
Support of ECU Athletics Gets Boost from Businessman
A
s Greenville and East Carolina University have grown over the years, so too has the city’s business community. The growth and success of East Carolina and its athletic program have brought financial opportunities to Greenville area businesses. Over the years, a number of those businesses have taken advantage of the Pirate Club’s “Pirates Supporting Pirates” business membership program. One such businessman is Tom McLean, who moved to Greenville from Wilmington in 1987 following his acquisition of the original Taco Bell restaurants in Greenville and Goldsboro. In the years that ensued, McLean Foods Inc. grew to a total of 17 restaurants in the eastern regions of North Carolina and South Carolina. Of those, three Taco Bell franchise operations were located in Greenville. It didn’t take long for Tom, an avid sports enthusiast, to develop a relationship with the Pirate Club and ECU Athletics. In recalling why McLean Foods came to support ECU and Pirate Athletics, Tom said, “When I came to Greenville, I did not know anyone in the community. Over the years, I have had the good fortune to make many friends and enjoy some prosperity along the way. Early on, I realized that the success of East Carolina University and its athletic program drives the success of Greenville and eastern North Carolina. As a result, I felt that it made good business sense for my Taco Bell restaurants to have an identity with Pirate Athletics.” In late 2007, Tom McLean sold his McLean Foods franchise operations. Looking back on the 20 years he owned McLean Foods, Tom said, “I was fortunate to own a business with a broad community appeal. With the help of some excellent employees, we were able to build a business that is well supported by friends and customers in our community. Most of the time, it didn’t seem like work; it was life, and life is good.” In anticipation of the sale of his restaurants, Tom looked into giving opportunities that could reduce his income tax liability as well as benefit the community. As a result, Tom established a trust, from which the ECU Educational Foundation was gifted $1 million to support athletic scholarships. “I was able to give back to the community which gave me so much,” he said. “ECU Athletics has big dreams. It will take considerable financial support to make these dreams a possibility. I wanted to do my part to help those dreams become reality.”
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Philip R. S. and Jean W. Waugh, with children Lisa and Philip, are alumni who enjoy helping build the foundation of ECU Athletics. Their support is an example of how recent generations of alumni are contributing to ECU’s culture of giving.
ECU Educational Foundation
t
The
Next Generation
Alumni Add to Educational Foundation Support Base
O
ver the past 20 years, support of ECU Athletics has come largely from alumni and fans of earlier generations. However, as East Carolina finds itself in the midst of the university’s $200 million Second Century Campaign, the Educational Foundation is seeking a number of post-“baby-boomer” generation alumni to add to the foundation’s support base. One such couple is Philip R. S. and Jean W. Waugh of Winston-Salem, North Carolina. Phil, a 1982 graduate of East Carolina, and Jean, a 1984 graduate, met like many other Pirate couples during their college years. Following an early career in commercial banking, Phil joined Krispy Kreme, where he became executive vice president of World Wide Development. During this same period, Jean stayed busy as a homemaker and mother of daughter, Lisa, and son, Philip. In 2003, Phil left Krispy Kreme to establish Second Half, LLC, a venture capital company specializing in small, start-up companies and real estate development. Phil and Jean found time to become active supporters and fans of Pirate Athletics, and in particular, Pirate Football. “For us, one of the most memorable experiences we enjoyed as students was the Saturday football game in Ficklen Stadium,” Phil said. In fall 2007, the Waughs made their second major gift in support of ECU Athletics, with the funding of a $100,000 student-athlete scholarship endowment in support of Pirate Football. In 2008, Phil and Jean made $500,000 will bequests to the Educational Foundation’s unrestricted student-athlete scholarship endowment. “ECU is a special place,” Phil said. “Those who have attended ECU understand it, while those who didn’t seem to wonder why our university is so special. Our athletic teams have had success over the years due to the support of loyal alumni and fans. As a result, Jean and I felt that we had to do our share.” In stepping forward and making significant capital gifts in support of ECU Athletics in recent years, Phil and Jean Waugh provide encouragement to other ECU graduates of the decades since the 1970s. “Just think of what the Sheraton Hawaii Bowl, Skip Holtz, and Pirate Football were able to achieve during the 2007 season,” Phil said. “The exposure to ECU was priceless! Success on the playing field or on the court increases positive exposure to the entire university’s success. If we want to be the best, our generation must give back, too! The decision to support is an obvious one.”
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Harvey Lewis is an ardent supporter of ECU’s baseball program. His company, founded by his father, has long supported many valuable community entities—including ECU Athletics. The company’s in-kind work played a crucial role in making the state-of-the-art Clark-LeClair Stadium a reality.
ECU Educational Foundation
t
Forging Foundation the
In-Kind Gifts Are as Valuable as Cash
I
n 2001, it was Keith LeClair’s dream—“on to Omaha”—that forged the foundation to move ahead and raise financial support to build a new Pirate baseball stadium. As East Carolinians know, when the Pirates are determined, nothing can stand in their way, and construction of the new stadium commenced in the summer of 2004. E. R. Lewis Construction Company Inc. (ERLCCI) of Greenville, North Carolina, stepped forward to contribute site-preparation work for the project. ERLCCI was already a wellknown ECU supporter, as the company had provided a number of in-kind gifts to ECU Athletics over the years. The company was established in 1959 by the late E. R. Lewis and wife, Velma, and began with a focus on agricultural site construction. In 1965, their son Harvey joined the company and today is president and owner of ERLCCI. The company has grown into an organization actively engaged in several areas of industrial, residential, and commercial construction development. As the company prospered, so did the opportunity to support many worthy causes in the Greenville/Pitt County area. ERLCCI has donated land and site preparation for the new Boys & Girls Club, the James D. Bernstein Community Health Center, and a playground for the Greenville Parks and Recreation Department. Also, Pitt County Schools, Pitt County Senior Center, and Pitt Community College (Lewis Field House) have benefited from ERLCCI’s generosity. Recently, the company donated the construction of practice facilities at Ironwood Country Club for the ECU golf teams. In 2004, ERLCCI contributed not only the in-kind gift of site-preparation work for the Pirate baseball stadium, but also for the baseball field, parking lots, and spectator viewing areas outside the stadium. At the end of the day, ERLCCI had contributed more than $832,000 of in-kind work to the Clark-LeClair Stadium project. In addition, cash gifts of $200,000 resulted in the company contributing more than $1 million to make Clark-LeClair Stadium one of the finest intercollegiate baseball venues in the country. In appreciation and recognition of these gifts, Clark-LeClair Stadium’s baseball field was named “Lewis Field.” Asked why ERLCCI chose to give its time and resources to the ECU baseball stadium project, Harvey Lewis said, “We believe in giving back to the community and in supporting ECU. This was an opportunity to do both; and, we like baseball.”
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George C. Turner and his wife, Sue, share a love for Pirate Football and understand the impact that the sport has on the lives of the young men who play it. A family surprise to George Turner recently established a position scholarship endowment in his honor.
ECU Educational Foundation
Teamwork t
It’s About
Former Student-Athlete and Family Give Back
G
eorge C. Turner of Wilmington, North Carolina, realizes the value of the studentathlete experience. At Fork Union Military Academy, George played football on a team loaded with college prospects. He was recruited by what was then East Carolina College, as well as a number of other North State Conference schools. He picked ECC, and played a number of positions for the team, including quarterback, fullback, running back, and kicker. In 1963, George had the opportunity to join Ready Mixed Concrete of Raleigh as a salesman. Fourteen years later he, along with Raleigh businessmen Temple Sloan and ECU alumnus Roddy Jones, purchased Ready Mixed Concrete Company. Over the next 29 years, Ready Mixed Concrete grew to 72 plants in the Carolinas and Virginia, with 900 employees and a fleet of 650 trucks. Realizing the opportunity at hand in November 2005, the stockholders sold the company. George reflected on the lessons he learned as a Pirate football player, which benefited his business career. “I learned what a team is all about. Take the hits and get back up. Don’t quit mentally, or you’ll let your team down. Our team at RMCC was the key to our success.” In December 1970, George married Sue Montgomery from Danville, Virginia. Over the next several years, George and Sue were blessed with two children, Tish and Todd. In February 2008, Sue, Todd, and Tish wanted to surprise George with a special gift on his 72nd birthday. Knowing that he had fond memories of his Pirate football playing days and that he and his former company had been sustaining members of the Pirate Club for a number of years, George’s family decided to establish a $250,000 position scholarship endowment in support of Pirate Football in his honor. In expressing gratitude to his family for establishing the George C. Turner Running Back Football Position Scholarship Endowment, George said, “The future of the next generation is important to my family. For those young men who come to East Carolina University and play football under Coach Skip Holtz, their lives will forever be impacted physically, mentally, and spiritually.” In looking back over his life, George stated: “God has a plan for each of us. He has blessed me with a wonderful family, business partners Sloan, Jones and Jay Loftin, also an ECU alumnus, fellow employees, and friends that have made this gift possible to the Educational Foundation. Yes, we’ve been blessed.”
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ECU Educational Foundation
The East Carolina University Educational Foundation
Advancement Staff
Mark Wharton Executive Director ECU Educational Foundation 252-737-4540 whartonm@ecu.edu
Mark Hessert Senior Associate Director ECU Educational Foundation 252-737-4540 hessertm@ecu.edu
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Dennis Young Associate Athletics Director for Major Gifts ECU Educational Foundation 252-737-4540 youngd@ecu.edu
ECU Educational Foundation
Matt Maloney Assistant Athletics Director for Major Gifts ECU Educational Foundation 252-737-4540 maloneyj@ecu.edu
Derek Denton Assistant Director ECU Educational Foundation 252-737-4547 dentond@ecu.edu
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Lucas Stuckey Assistant Director ECU Educational Foundation 252-737-4540 stuckeyl@ecu.edu
ECU Educational Foundation
The East Carolina University Educational Foundation
Financial Information Consolidated Financial Report The accounting firm of McGladrey and Pullen LLC, Certified Public Accountants, has completed the annual audit of the books and records of the ECU Educational Foundation (the Pirate Club) for the fiscal year ended June 30, 2008. The Educational Foundation has again received a “clean” unqualified opinion from the auditors. A full copy of the audited financial report and the auditor’s opinion letter are available for review on the foundation’s Web site at www.ecupirateclub.com. For your convenience, the following executive summary financial statements of the ECU Educational Foundation are included on the next page: Statement of Financial Position Statement of Activities
IRS Form 990 The East Carolina University Educational Foundation is a 501(c)(3) nonprofit organization and is required to file an IRS Form 990 each year. A copy of the latest Form 990 is available for review on the foundation’s Web site at www.ecupirateclub.com.
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ECU Educational Foundation
THE EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION Executive Summary of Financial Statements Fiscal Year Ended June 30, 2008 in Thousands of Dollars
Statement of financial position
Year Ended 6/30/2008
Year Ended 6/30/2007
$
81 8,681 4,743 685 7,440 567 26 22,223
$
1,309 3,197 10,493 7,224 22,223
$
8,911 35 323 428 9,697
$
$
$
6,082 1,673 479 45 8,279
$
5,807 1,776 313 45 7,941
$
1,418
$
1,932
assets
Cash Accounts Receivable - ECU Pledges Receivable Trusts, Annuities, and Insurance Investments Real Estate and Joint Ventures All Other Total Assets
$
$
113 7,595 5,164 313 7,153 568 19 20,925
liabilities and net assets
Liabilities Unrestricted Assets Temporarily Restricted Assets Permanently Restricted Assets Total Liabilities and Net Assets
$
$
$
1,428 2,989 11,712 4,796 20,925
Statement of ActivitIES revenues
Gifts and Contributions Contributed Services from University Return on Investments All Other Revenue Total Revenues
$
$
$
7,987 35 1,352 499 9,873
expenses
Scholarships and University Support Management and Administration Fund-Raising Writeoff Uncollectible Pledges Total Expenses
$
Revenues exceed expenses by:
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East Carolina Alumni Association
East Carolina Alumni Association
t
Great Time Pirate to Be a
I
t has been an honor for me to serve as chair of the East Carolina Alumni Association Board of Directors for the past two years. The role ECU plays in developing young minds and cultivating our leaders of tomorrow, the impact it has on the economy of the East and quality of life for the people in it, and the bright future that I see for our university makes me so proud to be a Pirate! I know you share that pride and rejoice in the great accomplishments our Alumni Association has made to help bring ECU to the forefront of higher education. So many wonderful things have occurred through our Alumni Association in the last year. The continued growth of our membership program has brought our Association to the next level, positioning us to compete on a national stage for program and communication recognition—which we received this spring in the form of the Grand Award for Overall Alumni Program by the Council for Advancement and Support of Education, the international organization for alumni association professionals. The creation of an endowment through generous Life and Centennial Pirate memberships has built, and will continue to build, the necessary funding our Alumni Association needs to continue awardwinning alumni events and services like Homecoming, Pirate Career Calls, Alumni Tailgate, reunions, and the Chancellor’s Tour, and communications like Servire and PiratePulse. With the continued growth of our ECU Alumni Scholarship Classic and the addition of the Pirate Alumni Road Race and Fun Run, the Alumni Association has been able to award an unprecedented number of scholarships to deserving ECU undergrads. This year, we awarded 24 Alumni Scholarships—eight more than last year. New programs like Industry Inside Out and Published Pirates give alumni with similar interests unique experiences to come together. Industry Inside Out goes “behind-the-scenes” at the industries that Pirate alumni are impacting. Published Pirates is a unique opportunity for East Carolina alumni who have published material to promote their work through the Alumni Association. As Chancellor Ballard often states, “It’s a great time to be a Pirate!” and our Alumni Association’s work strengthens that sentiment and carries it into the future. Thank you for allowing me to serve you these past two years. It has truly been an honor. With great Pirate Pride,
Brenda D. Myrick ’92 Chair ’06–’08 East Carolina Alumni Association
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Members of the East Carolina Alumni Association Board of Directors are shown in the photo. From left on the top row are Joanie Tolley, Justin Conrad, Paul J. Clifford, Rick Conaway, Steve Morrisette, James Newman Jr., Harry Stubbs, Bill Clark, Dave Englert, and Mickey Dowdy. From left on the middle row are Bonnie Galloway, Marian McLawhorn, Lyndsey Kraynock, Carl W. Davis Jr., Brenda Myrick, Tarrick Cox, Garry Dudley, Lewis “Pat� Lane, Jennifer Congleton, and Wayne Holloman. On the bottom row are Virgil Clark, Linda Lynn Tripp, Yvonne Pearce, Sabrina Bengel, and Ernest Logemann. A complete list of board members begins on page 72.
East Carolina Alumni Association The East Carolina Alumni Association is the constituency of former students whose continuing interest and support have helped ECU become known as one of the finest comprehensive universities in the South. The Alumni Association will inform, involve, and serve members of the ECU family throughout their lifelong relationship with the university.
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East Carolina Alumni Association
EXECUTIVE COMMITTEE CHAIR Brenda Darden Myrick ’92 Systems Analyst, Pitt County Memorial Hospital Greenville, NC VICE CHAIR Sabrina Bengel Entrepreneur New Bern, NC PRESIDENT AND CEO Paul J. Clifford Associate Vice Chancellor for Alumni Relations, East Carolina University Greenville, NC
SECRETARY Garry Dudley ’92 Senior Pharmaceutical Sales Rep, Schering-Plough Corp. Chesterfield, VA TREASURER Ernest Logemann ’68 CPA and Partner, Gray Callison & Co., PA Winston-Salem, NC PAST CHAIR Layton Getsinger ’69 Broker, Lake Norman Realty Inc. Barium Springs, NC
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East Carolina Alumni Association
BOARD OF DIRECTORS Diane Davis Ashe ’83, ’85 Professor of Psychology, Valencia Community College Celebration, FL
Wayne Holloman ’66 Owner, Wayne Holloman & Associates Greenville, NC
Lori Brantley ’02 Claims Specialist, Catastrophe Property Adjuster Charlotte, NC
John Hudson ’59 First Vice President Investments, ILJ Wachovia Durham, NC
Virgil Clark ’50 (Emeritus) Retired Greenville, NC
Joe Jenkins ’72 President, Jenkins Insurance Agency Greensboro, NC
Rick Conaway ’68 Retired Chesapeake, VA
Lewis “Pat” Lane ’67 Founder, The Lane Collection Inc. Chocowinity, NC
Jennifer Congleton ’79, ’81 Administrator, Pitt County Memorial Hospital Greenville, NC
Douglas Morgan ’88 Assistant Special Agent, US Department of the Treasury South Riding, VA
Justin Conrad ’96 President, Libby Hill Seafood Restaurants Greensboro, NC
Steve Morrisette ’69 President, Virginia Healthcare Association Richmond, VA
Tarrick Cox ’96, ’07 Director, Legislator’s School, East Carolina University Greenville, NC
Yvonne Pearce ’82 Social Worker, Walter B. Jones Treatment Center Greenville, NC
Carl Davis ’73 Assistant General Manager, UNC-TV Raleigh, NC
Ed Smith ’64, ’67 Financial Advisor, Wachovia Securities Greenville, NC
Dave Englert ’75 Vice President Finance, Southern Tile Distributors Inc. Norfolk, VA
Harry Stubbs ’74, ’77 Program Manager, FDIC Arlington, VA Joanie Tolley ’65 Retired Elon, NC
Bonnie Galloway ’71 Instructor, ECU and Pitt Community College Greenville, NC
Linda Lynn Tripp ’80, ’81 President, Carolina Court Reporters Greenville, NC
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The East Carolina Alumni Association’s scholarship program rewards bright, service-oriented ECU undergraduates like Raymond Williams. The $1,000 scholarships help students pay for college and recognize the university’s best and brightest.
East Carolina Alumni Association
t Futures
Building Brighter
Alumni Association Scholarships Make a Real Difference
A
lumni Association Scholarships really do make a difference in the lives of ECU students. Not only do our $1,000 scholarships help students pay for college, but they also give recognition to some of the university’s best and brightest. This past year was a banner year for our scholarship program. More than 150 students applied for Alumni Scholarships, and 24 were awarded, eight more than the previous year. This year’s scholarship recipients represent a plethora of ECU majors, and the diverse interests and community involvement of our students.
Lyndsey Kraynock, a two-time recipient of the Alumni Scholarship, is a senior interiordesign major and marketing minor from Charlotte. She has been recognized on the Dean’s List five semesters and Chancellor’s List in the fall of 2006. Lyndsey was the College of Human Ecology’s Celia Moh Scholarship recipient for 2007–2008 and has showcased two interior-design projects for the department at various symposiums. She is a member of the National Society of Collegiate Scholars, Golden Key International Honors Society, president of ECU Ambassadors, student chapter of the American Society of Interior Designers, and secretary of East Carolina Friends. Through ECU Ambassadors, Lyndsey represents ECU through campus and community activities. Lyndsey mentors elementaryaged children for two to three hours per week through East Carolina Friends. Raymond Williams is a sophomore political science major and history minor from Greenville. He has been recognized on the Dean’s List and Chancellor’s List since attending ECU. Raymond is a Jarvis Leadership Award recipient, member of the National Society of Collegiate Scholars, Golden Key International Honor Society, Phi Eta Sigma, Residence Hall Association, and Student Government Judicial Board. Raymond volunteers for Pitt County Memorial Hospital, the Salvation Army, and ECU’s Multicultural Day. The East Carolina Alumni Association’s scholarship program rewards bright, serviceoriented ECU undergraduates. The number of scholarships awarded depends on the success of the ECU Alumni Scholarship Classic and the Pirate Alumni Road Race and Fun Run. Scholarships may also be supplemented by annual revenue earned through the Alumni Association’s endowment, which is funded through the generosity of our Association members. Thank you to our members, whose tax-deductible contributions help make our annual scholarships possible, and to those dedicated Pirates who participate in our golf tournament and road race. Your commitment to building brighter futures is much appreciated!
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Harry W. Stubbs, an East Carolina Alumni Association board member, wants to do all he can to make sure ECU programs and entities can function well and self-sufficiently far into the future. His financial support is contributing to the university’s ability to attract the best student-athletes, increase scholarship support, and build up the Pirate Nation.
East Carolina Alumni Association
tOwn Words In His
East Carolina Alumni Association Board Member Harry W. Stubbs ’74 Explains Why He Supports OUR East Carolina University What is your gift to East Carolina, Harry?
the Circle of Excellence. I provided a contribution to the establishment of the Department of Political Science’s student library and study area, and am funding a component of the East Carolina Heart Institute. I’m proud to be a Life Member of the Alumni Association and Purple Pirate member of the Pirate Club.
I wanted to make a tangible and notable gift to my alma mater during our centennial celebration period. Being relatively young, 56 years old, I was not ready to establish an annuity or final bequest arrangements. By earmarking my 401(k) plan payout, federal government life insurance policy proceeds, and IRA account payout, I have gifted both the East Carolina Alumni Association and Educational Foundation (Pirate Club) in excess of $100,000 each, and this amount will only grow larger over time.
Finally, when I was first approached about giving to the baseball stadium by Walter Williams, who I believe is the embodiment of what it means to give back, he told me that for ECU to grow to where he wanted it to be, it would take 1,000 of him. Well, I am nowhere near Walter and Marie Williams’ level of support, so maybe it will take 25,000 of me, but together, each of us giving what we can—funds, stocks and bonds, land, buildings, rare books, works of fine art, making ECU the beneficiary of a policy, your time and efforts—we are all contributing to the East Carolina we know and the East Carolina we want it to become. If it is to be, it is up to me.
Why did you decide to make this gift?
I personally believe that each and every component of our East Carolina University’s infrastructure should be self sufficient— especially our Alumni Association—so the exigencies of the Annual Fund and University Endowment largess do not too negatively impact the year-in, year-out, day-to-day operations. The Alumni Association’s professional staff has embarked on a number of ambitious and necessary programs and projects. I want to help as much as I can to ensure these are properly and perpetually funded.
What is your plan for how these gifts will be used?
I hope that my gift to our Alumni Association will be combined with other bequests, gifts, memberships, and other avenues to form a large endowment from which capital gains can be used both to grow the endowment and to use for current year expenditures.
Why make a contribution to both the Alumni Association and Pirate Club?
I have to give credit where credit is due—my grandparents and parents instilled in me the belief that we are placed here to do good for and with each other. I think helping East Carolina is the least I can do for all she has done for me and for the people of North Carolina, especially those who live east of I-95. I was born and raised in Greenville. My mom was a Pirate, class of 1944, and I appreciate all East Carolina has given to my family and me. I am very thankful that I have been placed in a position where I can give back a little bit.
How do you envision your gift impacting ECU’s future?
Along with the gifts of other alumni, friends, and supporters, I hope we can all move East Carolina toward the day when more and more funding is “non”-State of North Carolina and student tuition and fees-dependent. This will allow ECU, through endowed faculty positions, to recruit the very best talent available, through funded athletic positions, to recruit the best student-athletes, and through increased scholarships to assist deserving, bright scholars to the Pirate Nation.
To do this, I previously helped fund the construction of ClarkLeClair Baseball Stadium, and am proud to be a member of
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Richard and JoAnn Eakin served ECU for more than 20 years. One way they continue their involvement with the university is through life membership in the Alumni Association, confident that “East Carolina’s promise can be realized and magnified with the financial support of alumni and friends.”
East Carolina Alumni Association
A
t
Way Life of
Membership in the East Carolina Alumni Association Benefits ECU
P
ride in East Carolina is more than just a feeling—it’s a way of life! And membership in the East Carolina Alumni Association is the perfect way to show your Pirate pride and dedication to ECU. The Alumni Association provides a means for alumni to keep in touch with their alma mater. The membership program, which supports alumni and student programs as well as student scholarships, is a way for dedicated alumni to enhance their relationship with ECU. Plus, in many ways, membership also benefits the university. Did you know that alumni participation through Association membership increases ECU’s national rankings? It’s true! A strong Alumni Association makes a stronger university and increases the value of every East Carolina degree. Chancellor Ballard often emphasizes, “For East Carolina to continue to be the university FOR North Carolina, strong alumni support is critical.” National ranking organizations agree. In fact, “alumni participation” is included in their evaluations, and ultimately in how they rank an institution. The Alumni Association supports many of the traditions of the university and helps create new ones for future Pirates. From Homecoming and the Golden Alumni Ceremony, to ECU’s Annual Birthday Celebration and the Senior Candlelight Ceremony, tradition abounds at “dear ole East Car’lina.” Your membership in the Alumni Association keeps these traditions alive and prosperous. In addition, new traditions like Walk the Plank, Class Ring Day, and Senior Salute have been ignited through the ideas and support of Association members and volunteers. First-class faculty members are imperative to ECU’s success—in North Carolina, the Southeast, the nation, and around the globe. Although the Alumni Association does not recruit faculty, we do assume the responsibility of recognizing and awarding the university’s outstanding and deserving faculty members. Each year, the Association recognizes three East Carolina faculty members for their dedication, commitment, and arduous work. The Alumni Association also supports the programs and communications of the Retired Faculty Association, continuing their tie with the university. Being a member of the Alumni Association supports alumni programs, publications, and activities, but also many facets of the university. To learn more about the East Carolina Alumni Association and how your membership impacts East Carolina, please visit us on the Web at www.PirateAlumni.com.
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Steve and Terry Jones, with sons Holden, Connor, and Evan, hold service to their alma mater as a top priority. “East Carolina is an integral part of eastern North Carolina by bolstering the economy, providing recreation through athletics and the arts, and of course by developing young minds,” Steve Jones says. “Our financial support and volunteer efforts is how we give back to ECU.”
East Carolina Alumni Association
t
Sharing Call Give in the
to
Benefactors Lead by Example with Support of ECU
D
espite his busy schedule as president of RBC Bank for the Carolinas and Virginia, husband, and father of three young sons, Steve Jones finds extra time to serve East Carolina University. One of the East Carolina Alumni Association’s youngest Centennial Pirates, Jones believes in giving back to the university—a commitment he feels strongly about and demonstrates through his support of ECU. A 1991 graduate in business administration in finance, Steve said his support of ECU “started by being a member of the Pirate Club. But then I got involved with the Foundation and realized that it was important to start giving back to the university as well.” Jones quickly took on a number of leadership roles, as a member of the ECU Foundation Board of Directors and member of the Board of Visitors (which he will serve as chair during 2008–2009). He and wife Terry, a 1992 interior-design graduate, are also members of the Chancellor’s Circle and Chancellors’ Society. “Terry and I decided that Centennial Pirate membership in the Alumni Association was what we both wanted,” Jones said. “Part of my commitment to the university is to ask others to make contributions—to the Alumni Association, the Educational Foundation, or the Foundation itself. Knowing that we give to the Alumni Association at the highest level makes it easier for me to ask others to do the same. We want our membership to inspire others to support our alma mater. The Alumni Association is doing some really great things for both alumni and ECU, and Association membership ensures those programs and benefits will continue.” “Like many others, Terry and I recognize the impact ECU has had on our lives and our own personal growth. Attending ECU shaped my work ethic, introduced me to new and different viewpoints, and enhanced my interpersonal and networking skills—all characteristics that play a role in my life and my work. East Carolina is an integral part of eastern North Carolina by bolstering the economy, providing recreation through athletics and the arts, and of course by developing young minds. Our financial support and volunteer efforts is how we give back to ECU.”
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East Carolina Alumni Association
East Carolina Alumni Association
Alumni Staff
Paul J. Clifford Associate Vice Chancellor for Alumni Relations East Carolina Alumni Association 800-ECU-GRAD Paul.Clifford@PirateAlumni.com
Douglas Smith ’00, ’07 Director of Alumni Membership and Marketing East Carolina Alumni Association 252-328-1959 Doug.Smith@PirateAlumni.com
Liz Ellerbe ’01 Director of Alumni Programs East Carolina Alumni Association 252-328-5557 Liz.Ellerbe@PirateAlumni.com
Jennifer Watson Assistant Director for Alumni Membership and Marketing East Carolina Alumni Association 252-328-4902 Jennifer.Watson@PirateAlumni.com
Kendra Alexander Assistant Director for Alumni Programs East Carolina Alumni Association 252-328-1958 Kendra.Alexander@PirateAlumni.com
Dan Frezza Assistant Director for Alumni Programs East Carolina Alumni Association 252-328-1953 Dan.Frezza@PirateAlumni.com
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East Carolina Alumni Association
Chris Williams ’01 Assistant Director for Alumni Membership and Marketing East Carolina Alumni Association 252-328-0610 Chris.Williams@PirateAlumni.com
Monique Best Accounting Technician East Carolina Alumni Association 252-328-1839 Monique.Best@PirateAlumni.com
Betsy Rabon ’86 Alumni Center Coordinator East Carolina Alumni Association 252-328-6072 Betsy.Rabon@PirateAlumni.com
Candi High ’97 Accountant East Carolina Alumni Association 252-328-0604 Candi.High@PirateAlumni.com
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Stephanie Bunn Programs and Marketing Assistant East Carolina Alumni Association 252-328-5775 Stephanie.Bunn@PirateAlumni.com
East Carolina Alumni Association
East Carolina Alumni Association
Financial Information Consolidated Financial Report The accounting firm of McGladrey and Pullen LLC, Certified Public Accountants, has completed the annual audit of the books and records of the East Carolina Alumni Association for the fiscal year ended June 30, 2008. The East Carolina Alumni Association has again received a “clean” unqualified opinion from the auditors. A full copy of the audited financial report and the auditor’s opinion letter are available for review on the Alumni Association’s Web site at PirateAlumni.com. For your convenience, the following executive summary financial statements of the East Carolina Alumni Association are included on the next page: Statement of Financial Position Statement of Activities
IRS Form 990 The East Carolina Alumni Association is a 501(c)(3) nonprofit organization and is required to file an IRS Form 990 each year. A copy of the latest Form 990 is available for review on the foundation’s Web site at PirateAlumni.com.
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East Carolina Alumni Association
EAST CAROLINA ALUMNI ASSOCIATION Executive Summary of Financial Statements Fiscal Year Ended June 30, 2008 in Thousands of Dollars
Statement of financial position
Year Ended 6/30/2008
Year Ended 6/30/2007
$
2 1,330 1,332
$
$
$
33 108 141
assets
Prepaid Expenses Receivable Total Assets
$
$
5 1,255 1,260
liabilities and net assets
Accounts Payable Deferred Revenue Total Liabilities
Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets
Total Liabilities and Net Assets
$
$
23 209 232
$
724 170 297 1,191
$
508 324 196 1,028
$
1,332
$
1,260
$
$
$
59 666 (4) 367 268 1,356
$
187 548 135 86 407 1,363
$
554 639 1,193
$
489 506 995
$
163
$
368
Statement of ActivitIES revenues
Contributions Contributed Services and Facilities Return on Investments Memberships All Other Revenue Total Revenues
expenses
Program Services General and Administrative Total Expenses
Revenues exceed expenses by:
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Order of the
Cupola
The Order of the Cupola, our most prestigious benefactor-recognition program, was established to honor major lifetime donors to East Carolina University. Its name is taken from the campus’s most historic landmark, the Old Austin Cupola. In 1996, a replica of the cupola was erected in the center of Main Campus as a symbol of the university’s commitment to its traditions and to future progress. Individuals, businesses, and foundations that have made cumulative gifts of $100,000 or more to East Carolina are recognized in the Order of the Cupola. Recognition is based on combined gift totals of cash, securities, and real property to the ECU Foundation, the ECU Educational Foundation, and the ECU Medical & Health Sciences Foundation. Platinum ($1,000,000 or more) Gene Thomas Aman ’65 and Helen Newman Aman Al Bagwell and Deborah B. Bagwell ’71 Harold H. Bate* The Harold H. Bate Foundation Inc. BB&T Corporation Irwin Belk and Carol Grotnes Belk BlueCross BlueShield of North Carolina Foundation The Brody Brothers’ Foundation David S. Brody and Laura Brody Hyman J. Brody and Stacy C. Brody Mrs. J. Samuel Brody Leo Brody* Morris Brody and Lorraine Brody Archie R. Burnette* William Hunter Clark ’66, ’68 and Gloria Clark ’67 The Country Doctor Museum Foundation Inc. Dowdy Student Stores Ronald Eugene Dowdy ’66 and Mary Ellen Dowdy E. R. Lewis Construction Company Charles A. Freeze* Hazel N. Freeze GlaxoSmithKline Rose D. Harrison ’42 C. Felix Harvey and Margaret B. Harvey Eleanor Bass Howard* Gordon Reece Howell Jr. ’64 and Irene Howell Verona Lee Joyner Langford* James Haywood Maynard ’65 and Connie Mizelle Maynard ’62 Thomas McLean Frances Monk*
Harry D. Murphy and Lynn Chandler Murphy ’67 Packer Engineering Inc. Pitt Memorial Hospital Foundation Thomas W. Rivers* Edward Calvin Smith Jr. and Jo Allison Smith Hoover and Tom Taft Families Kathy Arnold Taft ’81 Trade-Wilco Company Wachovia Robert Allen Ward ’62 and Margaret C. Ward ’61, ’63, ’64 J. Fred Webb and Nell Webb Walter L. Williams ’51, ’55 and Marie S. Williams ’53
Julia Weskett Beasley Berbecker Foundation Dorothy R. Brandon* Lawrence F. Brewster* Myles Cartrette and Jennifer J. Cartrette ’78 Hilton O. Chesson ‘’66 and Freda Showfety Chesson Dupont Embarq The Fullerton Foundation Virginia Herrin* Robert L. Jones ’58 and Eve Avery Jones Max Ray Joyner Sr. ’55 and Catherine Joyner ’59 Lola McClary Kelso* Lynn N. Kelso Clifford Kiehn* Verneda Kiehn* Lora W. King* Lewis Patrick Lane III ’67 and Lynn L. Lane Gail McClelland* Dan Lynn Merrell ’75 and Mary Grace Merrell PCS Phosphate Company Inc. Stanton R. Prentiss Ledyard E. Ross ’51 Martiel C. Ross C. D. Spangler Jr. and Meredith Riggs Spangler Taco Bell R. Dillard Teer Sr. and Mildred Teer The Whichard Family
Bronze ($100,000 to $499,999) Gold ($750,000 or $999,999) William Gray Blount and Barbara Keck Blount Elizabeth M. Britt IBM Robert T. Maynard ’58 and Virginia Bobbitt Maynard ’57 Jesse R. Peel The Woodall-Smart Partnership Samuel Joseph Wornom III ’65 and Sandra L. Wornom ’99
Silver ($500,000 to $749,999) Thomas D. Arthur ’71 R. Janie Barber* ’30, ’38 Michael Ray Baynes ’73 Clarence B. Beasley*
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A. J. Fletcher Educational and Opera Foundation Betty Sanders Abernathy* ’51, ’57 Karel B. Absolon and Mary J. Absolon Ace Transport Ltd. Marcus S. Albernaz and Lisa T. Albernaz Alliance One International C. Michael Aman ’81, ’83 and Page S. Aman ’82, ’84 American Medical Association Education & Research Foundation Robert Amerson and Sue Amerson Eugene G. Anderson Apple Computer Inc. ARAMARK Corporation Jerry W. Atkins ’70 Aventis Pharmaceuticals Products Inc. Viola Smith Babcock* ’35, ’37 Garlan Randy Bailey ’78 Thomas Balon Bank of America
Bob Barbour Francis M. Barnes* Ronnie Phillip Barnes ’75 Barnhill Contracting Company Robert Kelly Barnhill Sr. and Mary Ann Barnhill Joseph C. Bateman* James W. Batten* Sara S. Batten Thomas A. Bayliss III ’72 and Patsy Bayliss Richard Gray Bennett ’71 and Sarah Bennett ’72 Thomas A. Bennett ’59 and Carolyn W. Bennett Walter G. Benton and Lisa D. Benton ’83 Walter J. and Lillie A. Berbecker Scholarship James A. Blair and Marsha Blair Thomas R. Bland ’02 Benjamin Mayo Boddie Jr. ’76 Mayo Boddie Sr. and Jean Boddie Michael White Boddie ’79 and Mary Ann Boddie Nickolas B. Boddie and Betsy Boddie William L. Boddie and Kim Boddie William H. Bodenhamer and Linda J. Bodenhamer William Mance Bogey Jr. ’80, ’84 and Jenni Kolcyznski ’85 David A. Bond ’78 and Pam Bond James O. Bond Jr. ’74, ’76 and Connie Minges Bond ’75 Clifton Earl Boyd* ’56 Jane Godwin Boyd ’54 Matthew Thomas Boykin II ’82 Flonnie Godwin Boykin ’82 Brewco Enterprises Inc. Robert Gentry Brinkley ’78 and Amy Woods Brinkley Brown & Wood Inc. Bonnie Brown ’71 William S. Brown and Jane Darden Brown Ken R. Bryant and Terry Bryant Michael L. Bunting ’61 Helen Strickland Burnette* ’36 The Burroughs Wellcome Fund Jack Andrew Calvert Sr. ’60 and Sara Calvert Elizabeth F. Campbell* N. Wayne Campbell Carolina Data Systems Carroll and Associates Inc. Thomas Edward Casey ’50 Caterpillar Inc. William Kendall Chalk ’68, ’71 and Kay H. Chalk ’76 James W. Chesnutt ’63 and Judy Redfern Chesnutt ’63 Ciba Specialty Chemicals Education Foundation Gabriel Radu Cipau ’74 and Amy Maness Cipau ’82, ’85 Edwin Lafayette Clark Jr. ’79 and Ann Williams Clark Clement Companies Coca-Cola Bottling Company COECO Thomas B. and Robertha K. Coleman Foundation Glyn Edwin Collins and Jana Collins Willard H. Colson Jr. ’70 and Caroline Colson ’69 Joe P. Covington Jr. ’73 and Janet R. Covington ’73 Stanley Wilson Cox ’64 and Sharon Cox Jimmy Earl Creech ’73, ’74 and Debra Creech ’73 Stephen Raymond Cunanan ’87, ’91 and Ellen Mason Cunanan ’88 William E. Dansey Jr. ’63 William A. Darden and Clara M. Darden J. B. Davis ’67 and Claire Davis Walter R. Davis* Celeste A. Deans* Digital Equipment Corporation Phillip R. Dixon ’71 and Candace Cicerone Dixon ’75, ’76 Joyce S. Draughon ’57 DSM Pharmaceuticals Charles Duff and Betty Duff Derek Dunn and Elizabeth K. Dunn East Carolina Auto & Truck The East Carolina Bank Eastern Nephrology Associates Donald Jackson Edwards and Judy W. Edwards ’76 I. J. Edwards Jr.* ’60 Rachel Edwards David H. Englert ’75 and Gail R. Englert Equipment Plus Foodservice James S. Ficklen Jr.* June Ficklen First Citizens Bank John M. Fisher ’70 and Joy K. Fisher ’77 Ellen C. Fleming* James L. Fleming* Louis Forrest ’69 and Sharon E. Forrest William P. Furr ‘65 and Emily Furr Thomas G. Gardner Jr. ’73 and Carol Gardner ’73, ’80 Eunice Garner* GE Medical System Information Technology Gertrude E. Skelly Charitable Foundation Thomas J. Glennon and Alice Glennon Golden Corral Corporation Douglas L. Gomes ’73 and Katherine Herring Gomes ’90, ’95 Gouras Walls & Ceilings Grady-White Boats Inc. The Gravely Foundation Rudolph Gray and Bette Gray Greenville Toyota Gregory Poole Equipment Company Guidant Foundation Inc. Robert Haywood Hall ’68 and Nancy Hall ’86 John Hallow ’83 and Kim Hallow Karen Hancock Ira M. Hardy II and Mary Ruth Hardy
Mary Ruth Hardy* Thomas John Harrison ’79 and Rexanne Anderson Harrison ’82 Robert Dean Hartley ’78 and Charlene M. Hartley Hastings Ford Inc. James L. Hatcher and Alice Hatcher Jonathan Frank Havens Jr. and Elizabeth M. Havens Mabel C. Hayden* Hendrix-Barnhill Waverly Erwin Hester and Martha Hester Ronald G. Hight ’60 and Madelyn Coleman Hight ’60 Robert Edward Hill ’62 and Betty S. Hill Henry W. Hinton Jr. ’76 and Debbie Everette Hinton ’75 Dwight M. Holland A. Wayne Holloman ’64 and Sherry Holloman ’74 Keith D. Holmes Jr. ’68 and Susan Holmes ’76 Hospice of East Carolina Mary Ferebee Howard* ’54, ’57 David Reece Howell ’86 John M. Howell and Gladys D. Howell HPC Foundation For Hospice Hudson Brothers Construction Company John P. Hudson ’59 and Harriet Hudson ’59 Betty Debnam Hunt Rector Samuel Hunt III ’65, ’66 and Vicky Hunt Alvin B. Hutzler II ’65 and Joanne Hutzler ISIR/Koppermann USA William P. Jackson ’61 and Billie T. Jackson Charles D. Jamerson Jr. Grant D. Jarman and Brenda Morgan Jarman ’73, ’77 Jefferson Pilot Foundation R. A. Jeffreys Distributing Alan Thomas Jessup ’77 The Ji & Li Family Foundation Joe Pecheles Volkswagen Inc. George H. Johnson Jr. and Lynette Dorn Johnson ’86 Tapley O. Johnson III ’83 Dennis Gerald Jones ’73 J. E. Jones Jr. Max Ray Joyner Jr. and Kelly Jordan Joyner ’82 Kate B. Reynolds Charitable Trust Steve P. Keen and Beverly Keen Michael W. Kelly ’72 and Willo Kelly Thomas P. Kidd Jr. and Judy Kidd Kelly S. King ’70, ’71 and Eva Ann King Samuel Craig Kirby ’76, ’82 and Gennie Kirby ’77 Mildred McLawhorn Lancaster* Harry Lee Land Jr. ’69 and Kathy Land Barbara Landers* Matthew P. Landers* William B. Langley ’72 and Doris M. Langley Ted B. Lanier ’60 and Peggy Lanier James Lankton Daisy & Walter C. Latham Foundation John R. M. Lawrence ’80 and Rosa Maria Lopez-Canete Lee Tractor Company Brent Lee and Debi R. Lee Thad J. Lewis III ’93 and Carrie M. Lewis Kenneth E. Lewis Sr. Tommie L. Little and Marilee M. Little Ruth Hayes Lokken* John G. Long* Sam Lovelace and Judith A. Lovelace T. A. Loving Company Tom Mallison ’66 and Frances Mallison ’73, ’77 Marion Merrell Dow Inc. David Marshburn and Connie Marshburn Tim Martin ’84 Sidney Mason* Johnnie E. May ’57 and Anne B. May ’58 W. C. McClammy* ’63 Benjamin W. McKenzie III ’72 Edward C. McRae Merck & Company Inc. Richard R. Mihalyi and Lyda Teer Mihalyi ’76 Milford Unitrust J. Fielding Miller ’84 and Kimberly G. Miller Marie M. Miller Truman W. Miller* Mabel Minges* Max E. Minges* Tony Ray Misenheimer ’69 and Jeannette Rivers Misenheimer ’68 Violet H. Mitchell* Edward Thomas Mizell ’63 and Barbara Jones Mizell Richard Finley Moldin ’70, ’73, ’76 and Nancy Moldin ’73 Mark G. Montenero Collice C. Moore Sr. and Ann Moore Joan Moore Leon L. Moore Jr.* Rufus W. Moore* Ruth F. Moore Ed Murphrey and Diane R. Murphrey The Murray & Sydell Rosenberg Foundation NACCO Materials Handling Group Inc. National Dodge Inc. New York Yankees Foundation Rachael Mooney Newell* Danny Nichols and Elizabeth T. Nichols ’80 William Keller Normann ’85 and Parker Normann North Carolina Association of Insurance Agents Novartis Michael Reid Overcash ’73 and Susan Overcash Parker Overton and Becky H. Overton ’67 John Vann Parker and Debbie Parker Parker’s Barbecue
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Robert Donald Parrott ’65 and Helen Saunders Parrott ’89 Helen Peel* Pepsi/Minges Bottling Group Perkins Trust Fund Don H. Perry ’70 Marguerite Austin Perry Pfizer Inc. Pharmacia Phelps Chevrolet Inc. Piggly-Wiggly of Eastern N.C. Robert Bruce Plybon ’72 and Mary Plybon ’71 Walter Julius Pories and Mary Ann Rose James William Post ’73 and Sandra Long Post ’73 Pearl R. Potter* Procter & Gamble Progress Energy Milford Quinn and Reba Sanderson Quinn ’44 Terry Cameron Quinn ’71 and Betty W. Quinn ’72 Julian W. Rawl and Barbara Rawl Clarence A. Rawls III ’62 and Patricia Rawls ’64, ’69 H. E. Rayfield Jr. ’66 and Gayle Rayfield Rhett Alan Raynor ’78 and Sharon Raynor ’80 RBC Bank Ready Mixed Concrete Company Red Lobster/Darden Foods Nina Belle Redditt* David Michael Renn ’73, ’94 and Rebecca B. Renn ’73, ’77 Robert S. Rippy ’75 and Jennifer Rippy ’73 W. Riley Roberson III and Olivia Roberson William Riley Roberson Jr. Charles L. Rogers and Julia S. Rogers ’56 W. Howard Rooks ’55 Dennis P. Ross and Mary Keehln Ross Glennie L. Rouse* Sampson-Bladen Oil Company Ann Rhem Schwarzmann ’57, ’58 Willis Allen Separk ’65 Louis W. Sewell Jr. ’61, ’66 and Doris Sewell ’64 Kevin M. Shannon ’81, ’82 and Lori Coates Shannon Evelyn W. Simpson* Harry L. Sloan A. T. Smith and Angie Fowler Smith Henry Lewis Smith and Tracey F. Smith William Kincy Smith II and Grace D. Smith ’67 Southco Distributing Company Reginald Coleman Spain ’86 and Bonita B. Spain ’87 W. Keats Sparrow ’64, ’65 and Elizabeth Sparrow ’75, ’76 St. Jude Medical Inc. Ken Stallings ’80 and Nina Griffin Stallings ’80 Mary L. Staton* ’47 Michael H. Steadman ’74 and Deborah Steadman ’74 Beverley Stevens Jean M. Stevens ’56, ’63 Robert Charles Strickland ’89 and Wanda Strickland Suddenlink James R. Talton Jr.* ’65 Myrtle Talton ’65 Thelma Roberts Hall* Clauda P. Todd* Richard C. Todd* Graydon W. Tripp ’59 and Melba Rhue Tripp ’63, ’64 J. Randolph “Randy” Tripp and Linda Lynn Tripp ’80, ’81 Libby Tripp-Cox Harold C. Troxler ’57 and Jean Troxler Roy E. Truslow John Bernard Tudor ’80 George C. Turner ’60 and Sue Turner Mary L. Q. Tuttle* ’56 David Reid Tyler ’80, ’83 and Marion H. Tyler ’78 Marshall E. Tyner Jr. ’79, ’81 and Jennifer S. Tyner ’80 United Energy Inc. University Book Exchange Inc. University Health Systems Robert Carl Vause Jr. ’73 and Mary Whitside Vause ’76 Halvor Vermund* Elizabeth Tuten Walker* James A. Walker ’68 and Adria Ward Walker Joseph L. Wallace and Judy Wallace Alfred S. Wang and Veronica C. Wang James Harvey Ward III ’74 and Katie Ward Burney S. Warren III ’70 and Judy C. Warren ’69 Gary L. Warren ’81 and Rhonda S. Warren ’82 Philip R. S. Waugh Jr. ’82 and Jean Wilder Waugh ’84 Robert Howard Weber Jr. ’72 West Memorial Fund Robert Lee West and Roberta West William J. Wester and Stephanie K. Wester Weyerhaeuser Company Foundation David J. Whichard II and Judith K. Whichard Barbara S. White Steven M. White* Jerry Lynn Wilkins ’62 and Andrea H. Wilkins David Lee Williams and Terri B. Williams ’87 Henry G. Williamson Jr. ’69, ’72 and Nancy Williamson WITN TV Inc. David Womack and Sydney Sager Womack Dr. Harriet Wooten John L. Wooten* Richard K. Worsley Wyeth Pharmaceuticals Georgina Yeatman* Dennis A. Young Sr. ’69 and Ellen Young * Deceased
Leo W. Jenkins
Society
The Leo W. Jenkins Society, the university’s planned-giving society, bears the name of one of ECU’s most distinguished leaders and was established in 2001 to honor philanthropic benefactors of the university. Contributors of various forms of planned gifts display solidarity with Chancellor Jenkins’s legacy by investing the fruits of their labor toward East Carolina’s pursuit of excellence. Membership in the society is conferred upon all benefactors who have included East Carolina in their estate plans by means of a bequest provision in their will of living trust, or by naming the university as beneficiary of a planned-giving arrangement, life insurance policy, or pension plan. Michael Curtis Aho ’02 Gene Thomas Aman ’65 and Helen Newman Aman C. Michael Aman ’81, ’83 and Page S. Aman ’82, ’84 Kenneth Wayne Ashley ’90 and Lisa Ashley Tony Robertson Banks ’72 Robert Kelly Barnhill Sr. and Mary Ann Barnhill Harold H. Bate* Michael Ray Baynes ’73 Richard F. Bean Clarence B. Beasley* Julia Weskett Beasley Irwin Belk and Carol Grotnes Belk Dorothy J. Berry Geraldine M. Beveridge* ’39 William Gray Blount and Barbara Keck Blount Emily S. Boyce ’55, ’60 Lawrence F. Brewster* Elizabeth M. Britt Bradford Marshall Brown ’85 and Deborah K. Brown ’84, ’86 Ernest Lawson Brown Jr. ’72 Maurice Leland Bunch III ’89, ’90 and Claudia Bunch ’86 Alston W. Burke ’53, ’58 Archie R. Burnette* John A. Campbell Jr.* Agnes M. Canzona ’57 Frank Ceruzzi ’50 Delorene P. Charest* ’50 Beatrice A. Chauncey James T. Cheatham and Brenning B. Cheatham William C. Cobb* ’56, ’59 Charles R. Coble Wallace E. Cockrell ’66 James Beverly Congleton Jr. and Vera W. Congleton ’45 Rebekah C. Covell ’61 Phoebe M. Dail Howard Glenn Daniel* Lucille H. Daniel ’96 Mamie Peaden Daniel Jim Bellamy and Nancy W. Darden ’56 Doris L. Davenport* Helen Dees Samuel B. Dees* ’38 Phillip R. Dixon ‘71 and Candace Cicerone Dixon ’75, ’76 Betsy E. Ellis* Theodore R. Ellis III Janice Hardison Faulkner ’53, ’56 June Ficklen Curtis G. Fields* ’55 James L. Fleming* William Hulme Fleming and Kelly Carlough Fleming Charles A. Freeze*
Carolyn Ann Fulghum ’59, ’65 Eugene D. Furth* Mary D. Furth Thomas G. Gardner Jr. ’73 and Carol Gardner ’73, ’80 Whitaker Bernard Ham ’53 Edward MacGregor Hamilton Jr. ’77 and Mary L. Hamilton Karen Hancock William W. Hankins and Denise Hankins ’73 Edward J. Harper II ’71 Rose D. Harrison ’42 James L. Hatcher and Alice Hatcher Virginia Herrin* Waverly Erwin Hester and Martha Hester Melanie Lace Higgins ’82 Robert Edward Hill ’62 and Betty S. Hill Dwight M. Holland Mary Ferebee Howard* ’54, ’57 Gordon Reece Howell Jr. ’64 and Irene Howell Stanley John Humienny Jr. ’79 and Brenda Humienny ’79 Rosa Alice Hunnings ’47, ’56 Betty Debnam Hunt Richard Hunter and Sara McKenzie Hunter ’46 Alan Thomas Jessup ’77 Elizabeth Pate Johnson ’53 Frankford Milam Johnson* Hal S. Johnson ’82, ’83 and Debbie Truby Johnson Edwin B. Jones ’58 and Joan Jones Max Ray Joyner Sr. ’55 and Catherine S. Joyner ’59 Gerhard W. Kalmus and Karin C. Kalmus ’88 Benjamin F. Keaton ’57, ’61 and Randolph Umberger Michael W. Kelly ’72 and Willo Kelly Lynn N. Kelso J. Bryant Kittrell III and Cynthia Domme Kittrell ’75, ’78 Mary W. Kopf ’46 Hervy B. Kornegay Sr. and Deborah Kornegay ’71, ’81 H. D. Lambeth Jr. Verona Lee Joyner Langford* ’35 Ted B. Lanier ’60 and Peggy Lanier George Lautares ’41 and Esterre B. Lautares Zeplin Sanford Lee Jr. ’64 and Bonnie Lee Kenneth E. Lewis Sr. Tommy Glynn Lewis II ’89 and Janice Lewis John W. Lowe Jr. ’70 and Nelda Sullivan Lowe ’70 John R. Maiolo and Ruth Good Maiolo ’80 Tom Mallison ’66 and Frances Mallison ’73, ’77 Bonnie G. Mani ’73 Morris Duncan Marley and Beverly Nickens Marley ’73 Johnnie E. May ’57 and Anne B. May ’58 Robert T. Maynard ’58 and Virginia B. Maynard ’57 William Charles McClammy* ’63 Gail L. McClelland* ’31 Thomas McLean
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Mark Meltzer ’67, ’69 and Nancy B. Meltzer Dan Lynn Merrell ’75 and Mary Grace Merrell Marie M. Miller Gayle B. Miriello Edwin W. Monroe and Nancy Monroe Stephen C. Morrisette ’69 and Linda Morrisette ’70 Emil Nicolaysen and Lucy A. Nicolaysen Nancy Ann Nicoletti ’71 William Keller Normann ’85 and Parker Normann Joseph Benjamin Pace ’72 and Sally O’Quinn Pace Michael S. Patterson and Mary Rudroff Patterson ’71 Helen Peel* Jesse R. Peel Treva P. Pendleton* ’30 Marguerite Austin Perry E. Hayes Petteway ’71 and Mary Anne Petteway Timothy M. Phelps and Debra Boswell Phelps ’80 Charles M. Poole Stanton R. Prentiss William Lawson Reinhart ’77 David Michael Renn ’73, ’94 and Rebecca B. Renn ’73, ’77 Patricia Liccardi Rice Burney Ray Rivenbark ’67 and Judy Rivenbark ’65 William Riley Roberson Jr. Ledyard E. Ross ’51 Otha S. Rountree Claude Sawyer and Barbara Sawyer Ann Rhem Schwarzmann ’57, ’58 Lillian J. Scott* ’67 Ralph Lee Scott ’79 and Nancy Schell Scott ’94 Willis Allen Separk ’65 Barbara Ann Smith Susan Teagan Smith Wendall Keats Sparrow ’64, ’65 and Elizabeth H. Sparrow ’75, ’76 Nell A. Stallings* Pennie M. Stephens Beverley Stevens Vernon Stewart and Caron H. Stewart ’83 Harry Williams Stubbs IV ’74, ’77 Coleman N. Sullivan Scott David Talcott ’84 Sarah H. Taylor ’87 Clinton E. Thomas Jr. ’68 M. Louise Thomas ’43 James B. Thompson Jr. and Marie S. Thompson ’74, ’82 Clauda Pennock Todd* G. Earl Trevathan Harold C. Troxler ’57 and Jean Troxler Roy E. Truslow Irene F. Turnage Lester E. Turnage Jr.* Marshall E. Tyner Jr. ’79, ’81 and Jennifer S. Tyner ’80 Robert Brian Van Metre E. Pat Walden and Brenda J. Walden Burney S. Warren III ’70 and Judy C. Warren ’69 Philip R. S. Waugh Jr. ’82 and Jean Wilder Waugh ’84 Robert Lee West and Roberta West James E. White and Carol White Bynum J. Whitehurst ’54 and Sarah Whitehurst Minnie Marguerite Wiggins* Kenneth R. Wilson and Christa Reiser Richard K. Worsley Ralph C. Worthington ’73, ’76 and Darlene Smith-Worthington ’83 Robert L. Zucker and Anne S. Zucker * Deceased
t
Ways to
Give
to ECU
Frequently Asked Questions about Making Gifts to East Carolina
What types of gifts can I give? How will my gift be used?
What assets can I give? The three most popular gift assets are as follows:
There are three main categories:
Cash
Unrestricted Funds
A gift of cash is the simplest and most immediate way to give. Cash gifts may be pledged over a multiyear period for fulfilling larger commitments. Cash gifts are fully deductible up to 50 percent of the donor’s adjusted gross income.
Allows for funds to be directed to areas of pressing need. Restricted Funds
Designated for a specific program of the donor’s personal interest.
Appreciated Securities
A gift of long-term appreciated securities is exempt from capital tax gains. Appreciated stock gifts are deductible up to 30 percent of the donor’s adjusted gross income.
Named Endowed Funds
A minimum contribution of $25,000 made through a lifetime gift or by bequest establishes an endowed fund which can be named for a person of the donor’s choice. The principal is preserved while the income supports the program. The university has established minimum gift levels for scholarship, professorship, fellowship, research, and other special funds.
Real Estate
In some cases, property can be given outright, and a charitable income tax deduction equal to the property’s fair market value is received by the donor. Real estate also will be considered for funding life-income arrangements.
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What are life-income gifts?
What other ways can I give?
Here are three examples of gifts that provide lifetime income and future project support.
Bequests
For many donors, a gift made through their will is the best way to make a substantial contribution. Donors can leave a percentage of their estate or a specific dollar amount to any East Carolina University foundation. A bequest can reduce or eliminate federal estate taxes without depleting current assets.
Charitable Gift Annuities
Gift annuities provide a fixed rate of return to one or two annuitants. Older donors receive higher rates. Deferred Charitable Gift Annuities
Gifts from your IRA or Qualified Retirement Plan
An excellent supplemental retirement fund vehicle, payments are deferred to some future date with the payout rate determined by the deferral period and the age of the donor at the time payments begin.
You can leave a dollar total or percentage of your IRA or other qualified retirement plan with any East Carolina University foundation. This is a revocable gift that works the same as a bequest provision. It is very simple to do; all that is required is that you list the formal name of the foundation on the Beneficiary Designation Form that is provided to you by your provider. This form will be sent to you upon your request from your retirement plan manager.
Charitable Remainder Trusts
A personalized trust in which the donor selects the payout rate (unitrust) or fixed annuity (annuity trust) to receive during the trust’s duration. Because they can require involvement of an administrator and/or money manager, trusts are generally cost effective at levels of $250,000 or more.
Gifts of Life Insurance
You can make any of the East Carolina University foundations the owner or beneficiary of a current or newly established life insurance policy. These are especially great contributions in the instance that the donor realizes they no longer need the policy for protection as they did many years ago when it was established.
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Information Contact
If you have questions or would like to obtain additional information, please contact us: East Carolina University Foundation Inc. 2200 South Charles Boulevard Greenville, NC 27858 252-328-9578 web site: www.ecu.edu/ecuf give online: www.ecu.edu/devt (click on Online Giving) Advancement Staff on page 28 ECU Educational Foundation Inc. (Pirate Club) Ward Sports Medicine Building Greenville, NC 27858 252-737-4540 web site: www.ecupirateclub.com give online: www.ecupirateclub.com Advancement Staff on page 64
The ECU Medical & HEALTH SCIENCES Foundation Inc. 525 Moye Boulevard Greenville, NC 27834 252-744-2238 web site: www.ecu.edu/medfoundation give online: www.ecu.edu/devt (click on Online Giving) Advancement Staff on page 46 East Carolina Alumni Association Inc. Taylor-Slaughter House 901 East Fifth Street Greenville, NC 27858 252-328-6072 web site: www.piratealumni.com Alumni Staff on page 82
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