FOUNDATIONS ANNUAL REPORT 2008–2009
ECU Foundation Inc. ECU Medical & Health Sciences Foundation Inc. ECU Educational Foundation Inc. East Carolina Alumni Association Inc.
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Growth Support Celebrating
and
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After five years at East Carolina University, I still stand in awe of the strength and commitment of the Pirate Nation. Your wonderful dedication inspires all who serve this great university. Even though the state fiscal crisis has dominated our thinking for the past year, we have not forgotten our singular focus—providing students an education and educational experience that is uniquely ECU. Throughout the crisis, ECU’s staff, faculty, and administration have done everything in their power to protect the university’s academic core, and your support has played a large part in our ability to do just that. During my tenure at East Carolina, the university has grown and changed in ways too many to count. Enrollment has reached historic levels, distance education continues to attract more students from places near and far, the dental school is still on track to admit its first class in 2011, and our impact on eastern North Carolina is greater than ever. East Carolina University is educating and training the leaders of tomorrow and in turn those leaders are committed to helping those that come after them. Financial support from East Carolina University’s alumni and friends has set another record for the 2008–2009 academic year—one in which we all experienced some economic challenges—and we are truly grateful for that incredible support. As we continue to work toward ambitious strategic objectives for the university, private support is more important than ever, and your gifts do make a difference for East Carolina and its students. This annual report highlights only a few of the thousands of alumni and friends that have supported East Carolina during the 2008– 2009 year. It is our hope that you see yourself in the spirit and dedication of your fellow Pirates. The Pirate Nation has never been stronger and our future is bright. It’s a great time to be a Pirate! Sincerely,
Steve Ballard Chancellor
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contents
The Big Picture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 SECOND CENTURY CAMPAIGN
A Mark of Dedication . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Scholarships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 East Carolina University Foundation
Meeting the Challenges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Feature Stories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Advancement Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 ECU MEDICAL & HEALTH SCIENCES FOUNDATION
Challenges for a Healthy Future . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Feature Stories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Advancement Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 ECU Educational Foundation
Working Together to Ensure Success of Pirate Athletics . . . . . . . . . . . 39 Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Feature Stories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Advancement Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 EAST CAROLINA Alumni Association
Success in the Face of Down Times . . . . . . . . . . . . . . . . . . . . . . . . . 53 Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Feature Stories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Alumni Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Order of the Cupola . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 Leo W. Jenkins Society . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 Ways to Give to ECU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 Contact Information . . . . . . . . . . . . . . . . . . . . . . . . . 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.
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The Big Picture
Federal Recovery Funds 1% Tuition and Fees 17%
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 not-for-profit organizations are also major sources of revenue. Charitable gifts to the university’s foundations are an increasingly important source of revenue.
Capital Grants 3%
State Appropriations 34%
Grants and Contracts 10%
Sales and Services 12% Other 1%
Patient Services 20%
Gifts 2%
Charitable Foundations 24%
Corporations 32%
SOURCES OF GIFTS TO ECU FOUNDATIONS THIS YEAR Alumni and other individuals are the largest contributors to the university’s foundations, making up 32 percent of total giving. Corporations and charitable foundations account for the next largest block of contributors.
Other Individuals 14% Other Organizations 12% Alumni 18%
$19
$19.1
2007
2008
$21.5
$17 $15.3
ContRibutions to ECU Foundations
$12.5 DOLLARS (in millions)
Contributions to the ECU-related foundations continue to increase each year, funding the margin of excellence for both current and future students.
2004
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2005
2006
2009
The Big Picture
Scholarships 34%
FOUNDATIONS’ SUPPORT OF ECU IN 2008–2009 The ECU-related foundations provided a total of $19.2 million in support of the university and its programs. This support funded scholarships, programs, and facility enhancements.
Programs 61%
Facility Enhancements 5%
$19.2 $14.3 $12.6
FOUNDATIONS’ SUPPORT OF ECU
$13.7
$12.4
$9.2 DOLLARS (in millions)
During the past five years, the ECU-related foundations have provided increased support to the university.
2004
2005
2006
2007
2008
2009
NET ASSETS OF ECU FOUNDATIONS (millions of $s)
ECU Foundation ECU MEDICAL & HEALTH SCIENCES FOUNDATION ECU EDUCATIONAL FOUNDATION EAST CAROLINA ALUMNI ASSOCIATION TOTAL NET ASSETS
2004
2005
2006
2007
2008
$ 54.4
$ 59.1
$ 67.2
$ 80.7
$ 80.5
$ 65.4
23.3
26.8
28.4
32.9
31.1
25.5
17.2
16.8
17.6
19.5
20.9
19.5
1.0
1.0
0.7
1.0
1.2
1.1
$ 95.9
$ 103.7
$ 113.9
$ 134.1
$ 133.7
$ 111.5
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2009
The Big Picture
$90
$95
$89
$79 $70
2004
2005
DOLLARS (in millions)
MARKET VALUE OF ENDOWMENTS AT ECU (NACUBO Survey)
$66
Endowments are important to East Carolina University because they provide perpetual financial support. The perpetual nature of endowments makes them an important component of university funding.
2006
2007
2008
2009
Cash 1%
Int’l. Equities 14%
INVESTMENT PORTFOLIO (NACUBO Survey) U.S. Equities 45%
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 designed to provide a sustainable level of spending distributions as well as enhance the real (inflation adjusted) purchasing power of the endowments. The portfolio is invested in a diversified asset allocation.
Alternatives 20%
Fixed Income 20%
INVESTMENT PORTFOLIO PERFORMANCE
1 YEAR
3 YEAR
5 YEAR
ECU CONSOLIDATED PORTFOLIO
-22.7%
-3.0%
-1.8%
BNY MELLON ENDOWMENT & FOUNDATION
-19.2%
-2.1%
2.8%
-17.1%
-3.7%
0.1%
70% S&P 500/30% BC AGGREGATE
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SECOND CENTURY CA M PA I G N
Mark Dedication
A
of
From Mickey Dowdy, Vice Chancellor for University Advancement
C ampaign P rogress
$162,603,000 160,000,000 120,000,000 80,000,000 40,000,000
Y
You’ve done it again! More than 19,000 East Carolina University alumni, friends, and supporters contributed a record $38 million to the university in the 2008–2009 fiscal year, 3 percent more than 2007– 2008’s record-breaking total. During these tough times, your generosity is a true symbol of your strong belief in our university and we are grateful for and humbled by your dedication. That dedication has helped East Carolina raise more than $160 million toward its Second Century Campaign goal of $200 million. Over the next 10–15 years, it is estimated that East Carolina University will need more than $1 billion to accomplish the directions set out by the university’s strategic plan. The Second Century Campaign is the first step in that journey, and your response has been incredible. To date, contributions to the Second Century Campaign have established 85 new scholarship funds for students in schools, colleges, and programs across the university, created 15 distinguished professorships, and supported most every aspect of the university. Whether through annual gifts or endowments, these contributions have a lasting effect on the life of a student that needs financial assistance to attend ECU, a professor that is pursuing real innovations in his or her field, the student athlete holding a scholarship or the many programs that would not be able to operate without private support. Your gifts, whether large or small, make a difference for generations to come, and we appreciate your dedication to the leaders of today and tomorrow. Go Pirates!
* as of December 31, 2009
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Second Century Campaign
Scholarships Fuel Success of Many Promising Students
East Carolina University offers a number of scholarships that enable thousands of students each year to experience an education that is uniquely East Carolina. Whether merit- or need-based, scholarships provide vital financial support and academic recognition for our future community leaders. Scholarships are also important in bringing and keeping the best students at East Carolina. For many students, scholarships are the reason they are able to attend East Carolina. Currently, ECU can only support 66 percent of the financial aid requests from students. More than 15,000 students at East Carolina received financial aid during the 2008–2009 academic year. Among all East Carolina graduates, approximately 80 percent have college loan debt to repay.
The EC Scholars and Access Scholarship programs are two of ECU’s major campus-wide scholarship initiatives. By contributing to East Carolina’s Second Century Campaign and designating your gift, scholarships may be established in any of ECU’s programs, schools, or colleges, and tailored to meet your philanthropic goals. They may be funded on an annual basis or endowed. The current minimum endowment level at ECU is $25,000. Naming opportunities for scholarships are also available. The support of ECU’s friends, alumni, and donors is imperative to the continued success of the scholarships and the students that receive them. For more information about creating a scholarship at East Carolina or supporting the Second Century Campaign, visit www.ecu.edu/devt or call 252-328-9550.
Access Scholarships are awarded to North Carolina students with demonstrated financial need and proven academic ability. In the 2009–2010 academic year, ECU awarded 69 Access Scholarships, with the goal of providing at least 100 annually.
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East Carolina University Foundation “During this time when the ethics of many financial institutions and businesses are being questioned, the ECU Foundation is more diligent than ever to provide total transparency of all operations through our regular reporting and always accessible Web site, and to adhere to all governance best practices. We commit to the highest measure of integrity in everything we do.�
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EAST CAROLINA UNIVERSITY FOUNDATION
I
Meeting Challenges the
In a year of global economic decline not experienced since the Great Depression, our university and the ECU Foundation have faced enormous challenges. But we have risen to those challenges and forged ahead to ensure the future of this institution and the success of its students. State budgets for higher education have been slashed, operating budgets in all areas of the university and within the foundation have been dramatically reduced, and endowment investment values have plummeted despite carefully crafted diversification strategies. Students and their families face the tremendous hurdles of diminished income, reduced spending power, unemployment, and uncertainty. The need for financial assistance, scholarships, and endowments has never been greater. There has been a tremendous loss of personal wealth at all levels of society, and the boomer generation—our greatest resource for philanthropy—faces the prospect of an uncertain and far less secure retirement. Despite all the problems of the past 12 months, our Second Century Campaign has continued its momentum toward the $200 million goal, illustrating strong support for the university and its mission and priorities. The ECU Foundation, under the leadership of a dedicated and committed staff and board of directors and in partnership with a highly professional university advancement organization, achieved another record year in fund raising with $38 million contributed to support the margin of excellence for ECU. Our critically important Access Scholarships, which provide opportunity to good students with limited means, continue to attract increased support from donors who are seizing this opportunity to transform a student’s life. How can such success be possible in the worst economy in decades? We can only credit the loyalty and love that so many alumni and friends have for this university. The pride and passion that makes ECU great is the same pride and passion that drives people to give back to this institution and help define its future. We are inspired by your commitment and thank you for your support. You are truly making a difference in this difficult time.
Carol Mabe Chair, 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 Suzanne J. Brooks, Carol M. Mabe, Rebecca D. Flowers, Chancellor Steve C. Ballard, Lisa D. Benton, and Lynn L. Lane. On the second row from left are Jeffery S. Elwell, Linda A. Patriarca, Brenda D. Myrick, Mark E. Tipton, Kay H. Chalk, and Judy A. Siguaw. On the third row from left are A. Wayne Holloman, Deirdre M. Mageean, W. Kendall Chalk, Margaret C. Ward, and Julian W. Rawl. On the fourth row from left are Burney S. Warren III, Samuel J. Wornom, Robert A. Ward, M. Dustin Field, Irwin C. Roberts, Larry S. Boyer, W. Kurt Fickling, Alan R. White, Robert G. Brinkley, Douglas H. “Wil” Wilkinson III, Marilyn A. Sheerer, Reid S. Fogleman, W. Keller Normann, and William G. Blount. On the back row from left are Vincent C. Smith, T. Frederick Webb, Henry W. Hinton Jr., Ernest V. Logemann, David M. White, James M. Galloway, W. Allen Separk, Frederick D. Niswander, W. Phillip Hodges, William F. Clark, Glen G. Gilbert, David A. Bond, Donald K. Brinkley, Alvin B. Hutzler II, and Mickey B. Dowdy.
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 Chair Carol M. Mabe Former Vice President, Russell Corporation (retired) Greensboro, NC
Secretary Lisa D. Benton Sr. VP, Human Resources Wachovia Corporation Greenville, NC
Treasurer Kevin R. Seitz Vice Chancellor, Administration & Finance East Carolina University Greenville, NC
Vice Chair Steven W. Jones Raleigh, NC
Assistant Secretary A. Wayne Holloman Owner, Wayne Holloman & Associates Greenville, NC
Past Chair W. Kendall Chalk Former Sr. Exec., VP & CCO, BB&T Corp. (retired) Winston-Salem, NC
President and ceo William F. (Bill) Clark ECU Foundation Inc. Greenville, NC
Assistant Secretary Thomas F. Taft Sr. Attorney, Taft, Taft & Haigler Former NC State Senator Greenville, NC
BOARD OF DIRECTORS Thomas R. Bland President, Preservation Homes Raleigh, NC
Rebecca D. Flowers Owner, River Dell Development Inc. Clayton, NC
Philip R. Mahoney CEO, American Security Mortgage Charlotte, NC
William G. Blount President, Home Builders Supply Greenville, NC
S. Reid Fogleman Sr. Marketing Officer, Maxwell 3 Raleigh, NC
J. Fielding Miller CEO, CapTrust Financial Advisors Raleigh, NC
David A. Bond Managing Partner, www.watchmegopro.com Raleigh, NC
William P. Furr Former VP, Cumulus Fibres Inc. (retired) Blowing Rock, NC
Brenda D. Myrick Administrator, Operative Services, PCMH Greenville, 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 Pastor, Koinonia Christian Center Church Greenville, NC
W. Phillip Hodges President and CEO, Metrics Inc. Greenville, NC
Robert B. Plybon CEO, Plybon & Associates Greensboro, NC
Alvin B. Hutzler II President, Cliff Weil Inc. Richmond, VA
Walter J. Pories, MD Professor of Surgery and Biochemistry ECU Department of Surgery Greenville, NC
Donald K. Brinkley VP, East Carolina Bank New Bern, NC Robert G. Brinkley Attorney (retired) Charlotte, NC Suzanne J. Brooks Exec. VP, Pepsi-Cola Bottling Company of Central VA Charlottesville, VA Jimmy E. Creech President, Industrial & Construction Enterprises Greenville, NC W. Kurt Fickling President, Fickling Insurance Consultants Inc. Greenville, NC M. Dustin Field President, CEO, Boylan Companies Raleigh, NC
Michael W. Kelly Owner, Kelly’s Outer Banks Restaurant Nags Head, NC John R. Lancaster President, CDS Properties Wilmington, NC Lynn L. Lane Former Sr. VP & Treasurer, R. J. Reynolds Tobacco (retired) Chocowinity, NC
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Julian W. (Bubba) Rawl Partner, Preston Development Co. Greenville, NC Irwin C. Roberts President, Division One, Golden Corral Corporation Raleigh, NC W. Allen Separk Attorney Marietta, GA
EAST CAROLINA UNIVERSITY FOUNDATION
Stephen D. Showfety President, Koury Corporation Greensboro, NC
David R. Twiddy Owner, Gateway Insurance Services Inc. Elizabeth City, NC
T. Frederick Webb, DDS Periodontist; President, TFW Greenville, NC
Vincent C. Smith Manager/Sales, AT&T Government Solutions Vienna, VA
Margaret C. Ward Educator (retired) Burlington, NC
Douglas H. Wilkinson III Co-owner, Wilkinson Cadillac, Pontiac, GMC Sanford, NC
Mark E. Tipton CEO, Whistler Investment Group Raleigh, NC
Robert A. Ward Former Exec VP, Unifi Burlington, NC
Samuel J. Wornom President, Nouveau Investments Sanford, NC
Ex-officio Steve C. Ballard Chancellor, East Carolina University Greenville, NC Sabrina D. Bengel Chair, Alumni Association East Carolina University New Bern, NC Larry M. Boyer Dean, Academic Library and Learning Resources East Carolina University Greenville, NC Kay H. Chalk Chair, ECU Women’s Roundtable Winston-Salem, NC Michael B. “Mickey” Dowdy Vice Chancellor, University Advancement East Carolina University Greenville, NC Jeffery S. Elwell Dean, College of Fine Arts & Comm. East Carolina University Greenville, NC
Glen G. Gilbert Dean, College of Health & Human Performance East Carolina University Greenville, NC Robert J. Greczyn Jr. Chair, Board of Trustees East Carolina University Greenville, NC Deirdre M. Mageean Vice Chancellor, Research & Grad. Studies East Carolina University Greenville, NC Frederick D. Niswander Dean, College of Business East Carolina University Greenville, NC Linda A. Patriarca Dean, College of Education East Carolina University Greenville, NC
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Marilyn A. Sheerer Provost, East Carolina University Greenville, NC Judy A. Siguaw Dean, College of Human Ecology East Carolina University Greenville, NC Burney S. Warren III ECU Real Estate Foundation, ECU Executive Vice President, BB&T (retired) Greenville, NC Alan R. White Dean, Harriot College of Arts and Sciences East Carolina University Greenville, NC David A. White Interim Dean, College of Technology and Computer Science East Carolina University Greenville, NC
The estate of Geraldine Mayo Beveridge and Captain David L. Beveridge will fund scholarships to ECU for students from four eastern North Carolina schools. Bequests like that of the Beveridges help bring bright, talented students to ECU.
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EAST CAROLINA UNIVERSITY FOUNDATION
Opportunity Education Sharing the
of
Giving Benefits University Community
A
As a native and lifelong resident of eastern North Carolina, the late Geraldine Mayo Beveridge ’39 knew firsthand how important East Carolina University and the education it provides are for the region and its citizens. And as a teacher for 40 years, Geraldine Beveridge knew the importance of an education. Now, after her death, her commitment to education will continue to benefit students for generations to come. Upon her death in May 2008, Beveridge left $1.5 million from her and her late husband’s estate to establish the Captain David L. and Geraldine Mayo Beveridge Scholarship for students from Ocracoke High School, New Bern High School, Pamlico High School, and East Carteret High School that attend or plan to attend East Carolina University. “We are very honored and humbled to receive this generous award from Mrs. Beveridge,” said Greg Abeyounis, ECU assistant vice chancellor for development. “As a retired teacher from eastern North Carolina, she knew how important education was to this region and believed her alma mater was the best place for deserving students to receive a college education. Both David and Mrs. Gerry lived their lives modestly so that there would be valuable resources left for others. Her life was committed to education and their legacy will endure forever at East Carolina.” Alice and Wiley S. Mayo, Beveridge’s parents, helped instill her commitment to education. Beveridge and her four siblings all attended East Carolina, with four earning either an undergraduate or graduate degree. Geraldine Beveridge graduated from ECU in 1939 with a BS in home economics, after deciding to attend East Carolina in part because it provided a self-help program to help with the cost. After graduating, she taught in Wilson, North Carolina, until she met and married the late Captain David L. Beveridge. They married in June 1945 and moved to Captain Beveridge’s native Carteret County, where Mrs. Beveridge taught home economics until her retirement in 1979. David Beveridge was the son of a captain of a freight sailing vessel, and followed in his father’s footsteps. Beveridge captained many vessels, including a 120-foot vessel in the US Coast Guard during World War II. After leaving the Coast Guard, Beveridge worked as a captain of the vessels Eastward, Dan Moore, and ferryboat Cedar Island before his death in the late 1970s. A year before her death, Geraldine Beveridge consulted her brother, Hiram Johnson Mayo ’44, about leaving part of her estate to ECU. “I told her, ‘You earned it. If I was in your shoes, I would give every dime of it to ECU. Their students have so much need,’” he said. “I am proud to be her brother and proud of her decision.” And because of that decision, generations of students will have the chance for an education they may not have been able to afford. “She always wanted to help others above all else,” Mayo said of Mrs. Beveridge. “I’m very proud of her.”
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Chris Snipes is the recipient of one of 12 Access Scholarships funded by the West Memorial Fund, which also funded the fountain at Greenville City Hall.
EAST CAROLINA UNIVERSITY FOUNDATION
Celebrating
Endless Generosity Philanthropist’s Charitable Spirit Keeps Giving
K
Known for her generous spirit, the late Vivian Smith West loved her church, her family and friends, and her community. During her life, Mrs. West, wife of former Greenville Mayor S. Eugene West, supported many charities in Greenville and Pitt County, rejecting any kind of public recognition or thanks for her contributions. Now, her legacy of generosity and compassion continues through the work of the West Memorial Fund, the charitable fund established with the majority of her estate. Established after Mrs. West’s death in 1998, the West Memorial Fund provides funding for charities and their recipients and accredited colleges and universities for endowed professorships, research and development, or scholarships for students in need of financial assistance. The fund places priority on Greenville and Pitt County charities, colleges, and universities. Since 2005, the West Memorial Fund has given $240,000 to East Carolina University’s Access Scholarship program. With annual gifts of $60,000, the West Memorial Fund is currently providing scholarship funds for 12 students for four years. East Carolina University’s Access Scholarship program provides scholarships to a historically underserved but greatly deserving group of people—those with both demonstrated financial need and proven academic potential. Access Scholarships currently provide $5,000 annually to cover the costs of in-state tuition, fees, and books for students from North Carolina.
Vivian West
“The West Memorial Fund has supported the Access Scholarship program from the beginning, and we are incredibly grateful for its help building this important program,” said ECU Foundation President Bill Clark. “Through these contributions from the West Memorial Fund, 12 students who might not have been able to afford to attend East Carolina University have gotten a good start on becoming the leaders of tomorrow.” The West Memorial Fund is one of three administered by Jim Sullivan, chairman of the West Memorial Fund. The Mildred Sheffield Wells Charitable Trust, the West Memorial Fund, and the James J. and Mamie Richardson Perkins Trust distribute funds to charitable organizations with an emphasis on Greenville and Pitt County. “There are so many needs that we can’t meet them all,” said Jim Sullivan, adding that they usually receive four to 10 times the number of applications they can fund, according to Sullivan. But he believes in the local focus of the West Memorial Fund and what they have been able to accomplish at East Carolina University and in eastern North Carolina because of Vivian Smith West’s forethought and generosity. “We are better able to select organizations [we] believe in, that [we] can see what they’re doing,” said Sullivan. “I feel good about what we do. The scholarships, I really like.”
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EAST CAROLINA UNIVERSITY FOUNDATION
East Carolina University Foundation
Advancement Staff
Bill Clark President and CEO ECU Foundation 252-328-9594 clarkw@ecu.edu
Greg Abeyounis Assistant Vice Chancellor for University Development 252-328-9573 abeyounisg@ecu.edu
Christy Deardorff Director of Annual Giving 252-328-9579 deardorffc@ecu.edu
Sharon Hamilton Director of Corporate and Foundation Relations 252-328-9570 hamiltons@ecu.edu
Kay Murphy Director of Advancement Services 252-328-9563 murphyk@ecu.edu
Cynthia Adams Major Gifts Officer J. Y. Joyner Library 252-328-9577 adamscy@ecu.edu
Kathy Brown Major Gifts Officer College of Human Ecology 252-328-9552 brownk@ecu.edu
Vicky Morris Director of Donor Relations and Scholarships 252-328-9559 morrisv@ecu.edu
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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
Colin O’Connor Senior Major Gifts Officer College of Business Director of Academic Leadership Programs Philanthropy 252-328-9562 oconnorc@ecu.edu
Susan Dunning Director of Gift Records 252-328-9571 dunnings@ecu.edu
Marcy Romary Senior Major Gifts Officer College of Education Director of Women’s Philanthropy 252-328-9580 romarym@ecu.edu
Scott Wells Major Gifts Officer Thomas Harriot College of Arts and Sciences 252-328-9560 wellss@ecu.edu
Nancy L. Ball Major Gifts Officer College of Fine Arts and Communication 252-737-1505 balln@ecu.edu
Kara Loftin Director of Communications 252-328-9597 loftink@ecu.edu
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EAST CAROLINA UNIVERSITY FOUNDATION
East Carolina University Foundation INC.
Financial Information Consolidated Financial Report The accounting firm of Clifton Gunderson LLP, Certified Public Accountants, has completed the annual audit of the books and records of the East Carolina University Foundation Inc. and its consolidated affiliate for the fiscal year ended June 30, 2009. The ECU Foundation Inc. received an unqualified opinion from the auditors. A full copy of the audited financial report, which includes the auditor’s opinion letter, is available for review on the foundation’s Web site at www.ecu.edu/ecuf. For your convenience, the following summary financial statements of the ECU Foundation Inc. are included on the next page: Statement of Financial Position Statement of Activities
IRS Form 990 The East Carolina University Foundation Inc. 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. AND CONSOLIDATED AFFILIATE Summary Financial Statements Fiscal Year Ended June 30, 2009 in Thousands of Dollars
Statement of financial position
Year Ended 6/30/2009
Year Ended 6/30/2008
assets
Cash $ Other Current Assets Investments Capital Assets Other Assets Total Assets $
1,832 $ 677 4,022 1,274 52,872 69,859 3,455 191 9,144 11,364 71,325 $ 83,365
liabilities and net assets
Current Liabilities $ Long-term Liabilities Unrestricted Net Assets Temporarily Restricted Net Assets Permanently Restricted Net Assets Total Liabilities and Net Assets $
1,468 $ 1,540 4,467 1,386 3,403 9,715 17,671 27,309 44,316 43,415 71,325 $ 83,365
Statement of ActivitIES revenues
Gifts and Contributions $ 10,922 $ Contributed Services from University 2,470 Return on Investments (14,287) All Other Revenue (1,768) Total Revenues $ (2,663) $
6,790 2,207 (228) (514) 8,255
expenses
Scholarships and University Support $ Management and Administrative Fund-raising Write-off of Uncollectible Pledges Total Expenses $
Revenues Exceed Expenses by:
9,017 $ 825 2,442 102 12,386 $
$ (15,049)
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$
5,340 685 2,479 41 8,545 (290)
ECU Medical & Health Sciences Foundation “We are grateful to all of you who have continued to support health care in our region with your gifts in this challenging year. Whether your support is for research, scholarships, facilities, equipment, or financial assistance to those less fortunate, you are leading us all to a healthy future.�
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ECU MEDICAL & HEALTH SCIENCES FOUNDATION
Challenges Healthy Future for a
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The past year has presented a financial challenge to all of us—individuals, institutions, governments, and foundations. And we’re not yet out of the woods. Through your generous support, the East Carolina University Medical & Health Sciences Foundation nevertheless has been able to meet its basic obligation to the medical and health sciences entities it supports. We haven’t been able to do all that is needed in the way of scholarships, research funding, or faculty and facilities support, but given the extraordinary times, the loyalty you’ve shown has been significant. You provided this foundation with gifts approximating what they were in our previous fiscal year. On behalf of our board of directors and those we serve, our heartfelt thanks. Our programs educate those who will care for us and our families right here in eastern North Carolina. Students enrolled in the colleges and schools of the Division of Health Sciences will become nurses, long-term caregivers, lab-techs, physical therapists, researchers, doctors, and physician assistants, to name a few of our areas of service. These students are primarily from eastern North Carolina and they overwhelmingly return to their roots to serve their local communities. That is why it is so fitting that we provide scholarships to help fill the gap between what students can afford and the cost of tuition. It is also fitting to reward those who show special merit and promise to become the leaders of our healthy future. In order to train students we must have modern facilities and dynamic training sites. These facilities also are the sites of research and health care delivery, such as the Laupus Health Sciences Library, the Family Medicine Center that is under construction, the Speech and Hearing Clinic, and the East Carolina Heart Institute. Gifts to the Medical & Health Sciences Foundation help to ensure that these facilities provide state-of-the-art care right here in Greenville. We are grateful to all of you who have continued to support health care in our region with your gifts in this challenging year. Whether your support is for research, scholarships, facilities, equipment, or financial assistance to those less fortunate, you are leading us all to a healthy future.
David J. Whichard II Chair, Board of Directors East Carolina University 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 Gale B. Adcock; David J. Whichard II; Gary R. Vanderpool; Carole L. Novick; Hazel J. Brown, DDS; Jasper L. Lewis Jr., DDS; Sylvia T. Brown, EdD; and Shelby S. Strother. In the back row are Thomas L. Southern; Michael B. Dowdy; Richard Brown; Lynn L. Lane; Jonathan R. Day; Stephen W. Thomas, EdD; Paul R.G. Cunningham, MD, FACS; Zane G. Buckman; Phyllis N. Horns, RN, DSN, FAAN; James W. Chesnutt; Stacy C. Brody; and Thomas L. Edwards Sr.
ECU Medical & Health Sciences Foundation The East Carolina University Medical & Health Sciences Foundation Inc. 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 Nursing, the Brody School of Medicine at East Carolina University, College of Allied Health Sciences, William E. Laupus Health Sciences Library, East Carolina Heart Institute, School of Dentistry, Metabolic Institute, and the Leo Jenkins Cancer Center. As the division’s official charity, funds received and managed by the Medical & Health Sciences Foundation are designed to enhance education, teaching, research, and service within the health sciences division at East Carolina University.
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ECU MEDICAL & HEALTH SCIENCES FOUNDATION
OFFICERS Chair David J. Whichard II Former (Retired) Publisher, The Daily Reflector Grimesland, NC
Secretary Thomas L. Edwards Sr. President, Carolina Ice Company Inc. Kinston, NC
Vice Chair Eloise K. Howard Community Volunteer Greenville, NC
Treasurer Gary R. Vanderpool Executive Associate Vice Chancellor for Health Sciences Administration and Finance, ECU Brody School of Medicine Greenville, NC
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ECU MEDICAL & HEALTH SCIENCES FOUNDATION
BOARD OF DIRECTORS Gale B. Adcock Director, SAS Corporate Health Services Cary, NC
John P. Holt Jr., MD Partner, Triangle Gastroenterology Wake Forest, NC
Steve Ballard, PhD Chancellor, East Carolina University Greenville, NC
Phyllis N. Horns, RN, DSN, FAAN Vice Chancellor for Health Sciences, East Carolina University Greenville, NC
Mayo Boddie Jr. President, Texas Steakhouse Rocky Mount, NC
James R. Hupp, DMD, MD, JD, MBA Dean, School of Dentistry, East Carolina University Greenville, NC
Alice H. Bost Community Volunteer Greenville, NC
Robert (Roddy) L. Jones Developer, Davidson & Jones Group Raleigh, NC
Stacy C. Brody Community Volunteer Greenville, NC
Lynn L. Lane Former Sr. VP and Treasurer, R. J. Reynolds (retired) Chocowinity, NC
Hazel J. Brown, DDS H. J. Brown & Associates, DDS, PA Greenville, NC
Jasper L. Lewis Jr., DDS Eastern Orthodontists and Pediatric Dentistry Greenville, NC
Richard Brown Former (retired) Vice Chancellor for Administration and Finance, East Carolina University Emerald Isle, NC
Collice C. Moore President, Moore & Piner LLC Greenville, NC
Sylvia T. Brown, EdD Dean, ECU College of Nursing Greenville, NC Zane G. Buckman Real Estate Developer, Inner Banks Development LLC Washington, NC James W. Chesnutt President/CEO, National Spinning Company Washington, NC Gabriel (Gabe) Cipau, PhD President, Key Partners Inc. Raleigh, NC Paul R.G. Cunningham, MD, FACS Dean, ECU Brody School of Medicine Greenville, NC Jonathan R. Day President, Jon Day & Associates Inc. Greenville, NC Benjamin L. Dixon Jr. Owner, Chick-Fil-A Winterville, NC Michael B. Dowdy Vice Chancellor for University Advancement, East Carolina University Greenville, NC Richard R. Eakin, PhD Retired, ECU Chancellor Greenville, NC
Carole L. Novick Associate Vice Chancellor and President ECU Medical & Health Sciences Foundation Greenville, NC Kevin R. Seitz Vice Chancellor for Administration and Financial Services, East Carolina University Greenville, NC Thomas L. Southern Mass Mutual Financial Group New Bern, NC Dorothy A. Spencer, PhD Associate Vice Chancellor and Director, William E. Laupus Health Sciences Library Greenville, NC H. L. (Steve) Stephenson III, JD Attorney, Ward & Smith, PA Winterville, NC Shelby S. Strother Educator (retired) Edenton, NC Stephen W. Thomas, EdD Dean, College of Allied Health Sciences, East Carolina University Greenville, NC Khanh Vu, MD Physician, Vance Family Medicine Henderson, NC
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The walls of honor in the William E. Laupus Health Sciences Library, the College of Nursing, the College of Allied Health Sciences, and the East Carolina Heart Institute recognize the integral role that donors play in the success of ECU and its students, programs, colleges, and schools.
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ECU MEDICAL & HEALTH SCIENCES FOUNDATION
Saying
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“Thank You!”
Plaques Recognize Generosity
The ECU Medical & Health Sciences Foundation has found a way to publicly thank many of its leadership donors every single day. Handsome new donor recognition plaques have recently been added to the William E. Laupus Health Sciences Library, the College of Nursing, the College of Allied Health Sciences, and the East Carolina Heart Institute. These “walls of honor” publicly thank those who have made extraordinary gifts to support students, programs, and new facilities recently constructed on the Health Sciences Campus. All the “walls of honor” are similar in architectural design, but each one tells a different story of generosity and is updated annually.
Riley Floyd (left) and Tanya Johnson McDowell
Donors may choose to name a room in each of these new buildings. Such gifts are also recognized with an individual plaque mounted adjacent to the doorway of each named room. Other honored donors may have provided the funds to create a distinguished professorship, establish an endowed scholarship, or provide for a leadership gift in their estate plans. “We are so grateful for all the gifts that are entrusted to us to support the important work being done on the Health Sciences Campus of East Carolina University,” said Carole Novick, associate vice chancellor for health sciences development and alumni. “As more people visit our new facilities, we hope these displays will prove inspirational to others who want to support research, education and health care for our communities.” Soon to be celebrated on the “wall of honor” is the Tanya Johnson McDowell and Riley Floyd Endowed Scholarship in Speech-Language Pathology. This scholarship was established by Frank and Renee Floyd in gratitude for the life-changing care McDowell provided to their daughter Riley. McDowell is a 1987 graduate of the College of Allied Health Sciences’ master’s program in speech-language and auditory pathology. She has an active practice in Raleigh. At two years of age, Riley Floyd was nonverbal and exhibited a severe form of apraxia, a speech disorder where children know what they want to say, but are unable to speak because of motor-planning and coordination problems. Experts had predicted that she would never talk. But, almost miraculously, Riley, now 10, is able to speak. The family credits McDowell for her determination, hard work and “never give up” attitude. The scholarship they have endowed will be given to a student who displays this same spirit.
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Dr. Mark Samia (above) and Dr. Thomas Vicars (right) have chosen to support future doctors and dentists at East Carolina University through scholarships for the next generation of health-care professionals in eastern North Carolina.
ECU MEDICAL & HEALTH SCIENCES FOUNDATION
Supporting Tomorrow’s
Health-Care Professionals E
Scholarships Set Path for Future Doctors and Dentists
East Carolina University has a legacy of producing caring and highly skilled health-care providers for the people of eastern North Carolina. Two of North Carolina’s finest have chosen to support their alma mater by establishing scholarships for future doctors and dentists. After college, Dr. Mark Samia was traveling the country by van with his brother, exploring options for the future. A call home offered the direction he had been hoping for. “I remember my mother saying Dr. Hayek, dean of the Brody School of Medicine, called today. I returned his call from a pay phone in Washington State. Dean Hayek confirmed that I had been accepted to Brody for the coming fall. From that moment, I’ve been with Brody,” recalls Dr. Samia, class of 1990. Samia has a highly successful occupational medicine practice in Raleigh, North Carolina. He credits ECU with his success as he not only earned his medical degree at Brody, but also feels his entrepreneurial spirit was fostered by the down home business environment at East Carolina.
Dr. Thomas Vicars
He established an endowed scholarship to provide support for future medical students. “Giving is a privilege that brings great joy—as Brody gave me (and many others) the gift of fulfilling my childhood dream of becoming a physician. Giving back is our responsibility to perpetuate the cycle,” said Samia. “I think Winston Churchill said it quite eloquently: ‘We make a living by what we get, but we make a life by what we give.’” Having completed his bachelor’s (1974) and master’s degrees (1976) in biology at ECU, Dr. Thomas Vicars went on to attend dental school at the University of North Carolina at Chapel Hill and now has a successful practice in Southern Pines, North Carolina. When he learned about ECU’s plans for its own dental school he became an avid supporter and has translated that support into the first endowed scholarship to benefit a student in the inaugural class of dental students in the fall of 2011. Dr. Vicars, who was born and raised in Greenville, named the scholarship to honor his parents, Tom and Lois. “East Carolina means so much to the people of eastern North Carolina and I feel blessed to help the new dental school in a small way. The school’s model for training and placing students in underserved areas will, no doubt, be another great ECU success story. Helping a student is something I can do to honor my parents and ECU for the start in life they both afforded me,” Vicars said.
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ECU MEDICAL & HEALTH SCIENCES FOUNDATION
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 252-744-3231 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
ECU MEDICAL & HEALTH SCIENCES FOUNDATION INC.
Financial Information Consolidated Financial Report The accounting firm of Clifton Gunderson LLP, Certified Public Accountants has completed the annual audit of the books and records of the ECU Medical & Health Sciences Foundation Inc. for the fiscal year ended June 30, 2009. The ECU Medical & Health Sciences Foundation Inc. received an unqualified opinion from the auditors. A full copy of the audited financial report, which includes the auditor’s opinion letter, is available for review on the foundation’s Web site, www.ecu.edu/mhsfoundation. For your convenience, the following summary financial statements of the Medical & Health Sciences Foundation Inc. are included on the next page: Statement of Financial Position Statement of Activities
IRS Form 990 The ECU Medical & Health Sciences Foundation Inc. 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. Summary Financial Statements Fiscal Year Ended June 30, 2009 in Thousands of Dollars
Statement of financial position
Year Ended 6/30/2009
Year Ended 6/30/2008
assets
Cash $ Other Current Assets Investments Capital Assets Other Assets Total Assets $
4,579 $ 148 876 1,715 18,506 27,213 86 88 1,995 2,537 26,042 $ 31,701
liabilities and net assets
Current Liabilities $ Long-term Liabilities Unrestricted Net Assets Temporarily Restricted Net Assets Permanently Restricted Net Assets Total Liabilities and Net Assets $
177 $ 127 410 429 1,609 4,260 10,831 12,783 13,015 14,102 26,042 $ 31,701
Statement of ActivitIES revenues
Gifts and Contributions $ Contributed Services from University Return on Investments All Other Revenue Total Revenues $
2,553 $ 3,342 1,358 1,142 (5,680) (1,753) 1,599 228 (170) $ 2,959
expenses
Scholarships and University Support $ Management and Administrative Fund-Raising Write-off of Uncollectible Pledges Total Expenses $
Revenues Exceed Expenses by:
3,831 $ 689 854 146 5,520 $
$ (5,690)
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3,397 593 758 4,748
$ (1,789)
ECU Educational Foundation “You only have to look at the championships on the field (soccer, softball, baseball, and football), record attendance at the events throughout the year, and the continued record growth in Pirate Club donations to realize we are ALL working together in spite of how the economy may impact each of us personally.�
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ECU EDUCATIONAL FOUNDATION
T
Working Together to Ensure Success of Pirate Athletics
The last six months of 2008 and the first six months of 2009 have been difficult and trying times for our country and the world. The economic downturn in our country has affected us all and its ripple effects will be felt for many years. In keeping with what I call our “Leo Jenkins mentality” when faced with seemingly insurmountable odds, the Pirate Nation comes together and fights. You only have to look at the championships on the field (soccer, softball, baseball, and football), record attendance at the events throughout the year, and the continued record growth in Pirate Club donations to realize we are ALL working together in spite of how the economy may impact each of us personally. The Pirate Nation can look at the current success and be proud, but the journey is far from over. We must prepare ourselves for the additional funding of athletic scholarships and for the expansion of our facilities. We also must be prepared to overcome any obstacles that may stand between us and our goals. As I enter my first term as executive president of the ECU Educational Foundation, I am pleased with the progress we have made in the past several years. However, we still have a lot of work to do to provide the necessary funding needed to maintain our current level of competition. During my term as executive president, my number one priority will be to expand our Pirate Club membership numbers in every category. Achieving this objective will require our executive committee to actively and directly assist our chapters in their efforts to increase memberships and contributions. The Student Pirate Club is setting a high standard with 6,600 members already enrolled for the 2009–2010 school year. According to the best information we can gather, this makes the ECU Student Pirate Club the largest student booster club in intercollegiate athletics—number one in the country! Our first national championship since we became a Division I institution! Thank you for all you do, and GO PIRATES!
Jerry Wilkins Executive President ECU Educational Foundation
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Members of the ECU Educational Foundation Board of Directors are shown in the photo. From left on back row are Gary Warren, Don Edwards, Dr. David Dosser, Mark Warren, David Bond, Howard Swain, Terry Holland, Rhett Raynor, Henry Williamson, Jimmy Townsend, Doug Gomes, J. Tom Matthews, and Walt Hinson. Seated from left on front row are Dr. Emmett Floyd, Grant Jarman, Jerry Wilkins, Diane Murphrey, Jimmy Creech, and Mark T. Wharton. A complete list of board members begins on page 42.
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 fund-raising arm of East Carolina University’s Division I athletics program. By conducting annual fund campaigns in support of Pirate student-athlete 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 Jerry Wilkins Retired Wilmington, NC Executive Vice President Jim Creech President/CEO Industrial & Construction Enterprises Inc. Greenville, NC
DIRECTOR EMERITUS Walter L. Williams Greenville, NC Executive Treasurer Kevin R. Seitz Vice Chancellor for Administration and Finance, East Carolina University Greenville, NC
Executive Director Mark T. Wharton ECU Educational Foundation Greenville, NC
2007–2009 BOARD OF DIRECTORS Diane Murphrey Senior Vice President CopyPro Ayden, NC Jimmy Townsend Townsend Real Estate Fayetteville, NC
Marshall “Woody” Tyner Senior Vice President, BB&T Wilson, 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 Retired Raleigh, NC
Don Edwards University Book Exchange Greenville, NC
Gary Warren Financial Advisor, Scarboro and Warren High Point, NC
J. Tommy “Tom” Mathews Owner, HRST Finance Inc. Portsmouth, VA
2009–2011 BOARD OF DIRECTORS Douglas L. Gomes Grady White Boats Greenville, NC
Rhett A. Raynor DTH Contractor Service Inc. Dunn, NC
Emmett Floyd, PhD Professor, East Carolina University Greenville, NC
Henry Williamson Retired Advance, NC
Harvey Lewis E. R. Lewis Construction Co. Inc. Greenville, NC
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ECU EDUCATIONAL FOUNDATION
EX-OFFICIO ECU Chancellor Steve Ballard, PhD Director of Athletics Terry Holland
OTHER Immediate Past President Grant Jarman Jarman Auto Sales Greenville, 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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Mike and Janet Rogers are helping ensure financial strength and stability of Pirate Athletics by supporting scholarship endowments, facility enhancements, and annual fund efforts.
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ECU EDUCATIONAL FOUNDATION
Covering Bases all the
Pirate Family’s Gift will Help Right the Pirate Ship
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Mike and Janet Rogers of Cary, North Carolina, share a strong sense of pride for East Carolina University, as they come from a family having generational ties to the university. Through these ties and sense of pride, the Rogers have been generous in their support of Pirate Athletics through the Educational Foundation over the years. A 1981 graduate, Mike is vice president of Cree LED Lighting, a manufacturer of energy efficient lighting products. In 1986, Janet received her MBA from East Carolina University. Following their son Kyle’s birth, Janet dedicated her time and energy to motherhood, as well as to volunteer efforts in the schools and charitable organizations in the Research Triangle Community. Presently, Janet is on the board of Read and Feed, a local nonprofit organization that provides meals and tutoring in reading to disadvantaged children in grades K–5. Mike and Janet have past and present ties to ECU as well. Mike’s father, Bill, attended ECU. He and Mike’s mother, Barbara, travel to many Pirate games both home and away. Mike’s cousin, Charlie Adams, is an ECU alumnus who has enjoyed a distinguished career over the years as executive director of the North Carolina High School Athletics Association, and who is also a member of the university’s Athletics Hall of Fame. Presently, Mike and Janet’s daughter, Kristi, is a sophomore at East Carolina University and is studying to become a child-life specialist. Their son, Kyle, is a recent graduate from UNC-Chapel Hill and is in product marketing at Cree LED Lighting. He also pulls for the Pirates, with only one exception. In the spring of 2009, Mike and Janet Rogers provided a three-part gift to the Educational Foundation in support of ECU Athletics. Just as a stool requires a minimum of three legs to remain upright, so too does the long-term financial stability of a Division I Athletics program requires three stabilizing components—annual fund-giving in support of student-athlete scholarships, endowments giving for sustained student-athlete scholarship support over time, and capital giving for athletic facility enhancements. The Rogers’ gift helps to provide such financial stability to Pirate Athletics, by providing a Golden Pirate Endowment, a capital gift for future ECU Athletics facility enhancements, and a commitment to maintain annual fund scholarship support at the Bronze Sabre Society level. Mike, an avid golfer who carries a single-digit handicap, elected to restrict his and Janet’s scholarship endowment to the men’s golf program, as they believe the university can achieve a nationally recognized golf program. In making these gifts, Mike stated, “When you give money to ECU, it really matters! Similar dollars or even more dollars to one of our sister institutions, with whom we compete against every day, has far less of an impact. I still recall former Chancellor Dr. Leo Jenkins stating how important ECU is to the region it serves. We believe a financially strong and successful Pirate Athletics Program brings not only a sense of pride to our alumni and fans, but to all of eastern North Carolina as well.”
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“Tap� Johnson showed his appreciation for an ECU education by giving a gift commitment for studentathlete scholarship endowments and athletic facility improvements.
ECU EDUCATIONAL FOUNDATION
Leadership Example by
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Alumnus Commits to Student Athletes’ Success
Tapley O. Johnson III of Burlington, North Carolina, is a leader by all definitions. Following his undergraduate studies at East Carolina University from 1979 to 1983, Tap returned to Burlington to join his parents in starting up TAPCO Underwriters. From a mere three-person operation in 1983 under Tap’s leadership, TAPCO grew to an international insurance company employing 188 people, issuing 1,000 insurance policies per day, serving more than 30,000 independent insurance agents in 16 states, and generating $200 million annually in premium revenues. Tap’s leadership in building TAPCO Underwriters paid big dividends for him and his family, when in late 2008 the family’s holdings in the company were sold to BB&T. As part of the transaction, Tap agreed to stay on as TAPCO’s president for a period of five years, to provide further leadership in helping build the company’s book of business to $1 billion in annual premium production. As a successful business leader, Tap gives much of the credit for his business success to the educational experience he enjoyed as a student at East Carolina University. In expressing the role the university played in helping him develop his leadership skills, Tap responded, “First and foremost, I learned about people. One cannot lead if he or she does not understand people and what drives people. ECU was the perfect setting to learn about people. From students, I learned that everyone has challenges and needs, and if I could address those challenges and fulfill those needs, then I could lead them to accomplish anything I wanted.” Tap’s unique leadership qualities also have benefited East Carolina University. In spring 2009, Tap stepped forward to provide a $1 million leadership gift commitment to the Educational Foundation’s upcoming capital campaign initiative under the umbrella of East Carolina University’s Second Century Campaign. His gift incorporated two priorities of this upcoming campaign initiative—student-athlete scholarship endowments and athletic facility improvements. $250,000 of Tap’s leadership gift has funded a football position scholarship endowment in memory of Jim Johnson, a member of the ECU Athletics Hall of Fame. The Jim Johnson Co-Captain Position Endowment recognizes the standout accomplishments of Tap’s great uncle, a Pirate student-athlete, coach, and director of athletics in years past. The balance of Tap’s $1 million leadership gift will be used to help fund planned facility improvements of the Pirate athletics program, including new venues for softball, track and soccer, and a practice facility for basketball and volleyball. Tap Johnson believed that the time had come for him to lead by example in his support of East Carolina University’s Division I Athletics program. “Besides all the obvious reasons as to why ECU Athletics needs to improve its facilities to become even more competitive and how worthy our student-athletes are of our investment of time and money, the key word for my recent gift is that it’s a ‘leadership’ gift,” he says. “I strongly believe the best way to lead is by example; in other words, putting my money where my mouth is and setting a fairly clear example. I wanted to help build a momentum of enthusiasm and passion to help persuade others to join our worthy and common purpose of helping ECU Athletics become the very best it can be.”
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ECU EDUCATIONAL FOUNDATION
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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Erica Wilson Assistant Director ECU Educational Foundation 252-737-1509 wilsone@ecu.edu
ECU EDUCATIONAL FOUNDATION
East Carolina University Educational Foundation INC.
Financial Information Consolidated Financial Report The accounting firm of Clifton Gunderson LLP, Certified Public Accountants, has completed the annual audit of the books and records of the ECU Educational Foundation Inc. (the Pirate Club) for the fiscal year ended June 30, 2009. The Educational Foundation received an unqualified opinion from the auditors. A full copy of the audited financial report, which includes the auditor’s opinion letter, is available for review on the foundation’s Web site at www.ecupirateclub.com. For your convenience, the following summary financial statements of the ECU Educational Foundation Inc. are included on the next page: Statement of Financial Position Statement of Activities
IRS Form 990 The East Carolina University Educational Foundation Inc. 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
EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION INC. Summary Financial Statements Fiscal Year Ended June 30, 2009 in Thousands of Dollars
Statement of financial position
Year Ended 6/30/2009
Year Ended 6/30/2008
assets
Cash $ Other Current Assets Investments Other Assets Total Assets $
8,471 $ 8,762 4,091 3,282 6,518 8,007 1,274 2,172 20,354 $ 22,223
liabilities and net assets
Current Liabilities $ Long-term Liabilities Unrestricted Net Assets Temporarily Restricted Net Assets Permanently Restricted Net Assets Total Liabilities and Net Assets $
850 $ 605 - 704 2,658 3,197 9,116 10,493 7,730 7,224 20,354 $ 22,223
Statement of ActivitIES revenues
Gifts and Contributions $ Contributed Services from University Return on Investments All Other Revenue Total Revenues $
7,925 $ 187 (1,311) 379 7,180 $
8,912 35 323 427 9,697
5,786 $ 1,903 550 352 8,591 $
6,082 1,673 479 45 8,279
expenses
Scholarships and University Support $ Management and Administrative Fund-Raising Write-off of Uncollectible Pledges Total Expenses $
Revenues Exceed Expenses by:
$ (1,411)
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$
1,418
East Carolina Alumni Association “The board of directors and staff of the East Carolina Alumni Association continue to find creative ways to inform, involve, and serve our nearly 130,000 alumni worldwide by offering opportunities to reconnect with each other and the university, to attend numerous functions hosted by our Alumni Association, and to use today’s technology to stay connected.”
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EAST CAROLINA ALUMNI ASSOCIATION
Success Down Times in the Face of
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This past year has presented economic challenges to many, including our Alumni Association. The good news is that we are experiencing SUCCESS in the face of this economic challenge. And it’s all about teamwork and you, our alumni! The board of directors and staff of the East Carolina Alumni Association continue to find creative ways to inform, involve, and serve our nearly 130,000 alumni worldwide by offering opportunities to reconnect with each other and the university, to attend numerous functions hosted by our Alumni Association, and to use today’s technology to stay connected. In the past year, hundreds of alumni and friends have enjoyed gathering at Alumni Tailgate, Deans on Deck, our annual Alumni Awards Dinner and Ceremony, the Pirate’s Bounty Scholarship Auction, the ECU Alumni Scholarship Classic golf tournament, holiday parties, VIP experiences, reunions, service projects, and regional programs. Alumni can receive the latest news from the Alumni Association through their e-mail inbox, on Facebook, by following Twitter, watching videos on YouTube, and of course through traditional publications such as EC Alumni and event invitations. Success has been achieved by increasing our membership by 50 percent—a milestone we hope to repeat in the coming year. We awarded more scholarships to current students than ever before, we recognized excellence through alumni awards, and made enhancements to our magazine EC Alumni to include more feature articles, the incorporation of a little of the university’s history in each issue, and the use of page-flipping technology to offer online viewing. For the second consecutive year, our Alumni Association was awarded the Grand Award for Overall Alumni Program by the Council for Advancement and Support of Education, having been chosen over UNC-Chapel Hill and the University of Virginia. What an impressive accomplishment! It truly IS a great time to be a Pirate—and the East Carolina Alumni Association provides an even better opportunity to become a partner in the success of our great university. There is no better time than now to GET HOOKED and join today! Arrrrrgggggghhhh! With Pirate Pride,
Sabrina Bengel Chair, East Carolina Alumni Association
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Members of the East Carolina Alumni Association Board of Directors are shown in the photo above. From left on the top row are Doug Morgan, Tarrick Cox, Brad Teasley, Dave Englert, Rick Conaway, Carl Davis, Paul Clifford, and Harry Stubbs. From left on bottom row are Charlie Martin, Steve Morrisette, Yvonne Pearce, Pat Lane, Brenda Myrick, Marian McLawhorn, Garry Dudley, Linda Tripp, Ernest Logemann, Mickey Dowdy, Bill Clark, Justin Conrad, and Bill Burnette.
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 Sabrina Bengel Entrepreneur and Co-Owner, The Birthplace of Pepsi New Bern, NC
SECRETARY Yvonne Pearce ’82 Social Worker, Walter B. Jones Treatment Center Greenville, NC
VICE CHAIR Ernest Logemann ’68 CPA and Partner, Gray Callison & Co., PA Winston-Salem, NC
PAST CHAIR Brenda Myrick ’92 Systems Analyst, Pitt County Memorial Hospital Greenville, NC
TREASURER Carl Davis ’73 Assistant General Manager, UNC-TV Raleigh, NC
PRESIDENT AND CEO Paul J. Clifford Associate Vice Chancellor for Alumni Relations, East Carolina University Greenville, 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
Joe Jenkins ’71 President, Jenkins Insurance Agency Greensboro, NC
Virgil Clark ’50 (Emeritus) Retired Greenville, NC
Lewis “Pat” Lane ’67 Founder, The Lane Collection Inc. Chocowinity, NC
Rick Conaway ’68 Retired Chesapeake, VA
Marian McLawhorn ’67, ’88, ’97 NC House of Representatives, 9th District Grifton, 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
James Newman Jr. ’68, ’74 CFO/Controller of the NC Department of Insurance Raleigh, NC
Tarrick Cox ’96, ’07 Senior Associate Director, Office of Admissions, East Carolina University Greenville, NC
Steve Morrisette ’69 President, Virginia Healthcare Association Richmond, VA
Garry Dudley ’92 Senior Pharmaceutical Sales Rep, Schering-Plough Corp. Chesterfield, VA Dave Englert ’75 Vice President Finance, Southern Tile Distributors Inc. Norfolk, VA Bonnie Galloway ’69, ’72 Instructor, ECU and Pitt Community College Greenville, NC
Harry Stubbs ’74, ’77 Program Manager, FDIC Arlington, VA Joanie Tolley ’65 Retired Elon, NC Linda Lynn Tripp ’80, ’81 President, Carolina Court Reporters Greenville, NC
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Yvonne Pearce gives back to East Carolina University by giving her time and dedication to the East Carolina Alumni Association and the Ledonia Wright Cultural Center Advisory Board. Volunteers form the heart and backbone of many programs, projects, boards, and associations at ECU.
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EAST CAROLINA ALUMNI ASSOCIATION
Own Words In Her
Yvonne Pearce ’82 Shares Her Passion for Volunteering
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Since graduating from ECU in December 1982, I have been active with the East Carolina Alumni Association and its board of directors, as well as the Ledonia Wright Cultural Center Advisory Board. By volunteering for these organizations, I have helped bring about positive changes through promoting the spirit of ECU to alumni and friends, and assisting in the evaluation of new programs and initiatives. During my time on the Alumni Association board, I’ve also assisted with enhancing Alumni Tailgate and improving the selection process for both alumni award and student scholarship recipients. As a member of the Alumni Association’s board of directors, I stay well informed, especially on pending changes, new ideas, and plans for the university’s and Alumni Association’s futures. To me, the most important thing about the Alumni Association is the impact thousands of alumni can have on the university as a whole. The Alumni Association is the conduit through which the voices of our alumni are heard for the continued prosperity of the university, and I feel that the ideas generated within the Alumni Association can be disseminated to others in the university community. The many programs, events and activities, and methods of communication the Alumni Association offers are vital avenues for alumni and friends to get connected and stay involved. Working with other passionate Pirates is an awe-inspiring experience that has enabled me to leave MY mark on the university, simply by being part of the planning and decisionmaking processes that affect the university and those who will one day call ECU their alma mater. Volunteering for ECU through the Alumni Association and as chair of the Ledonia Wright Cultural Center Advisory Board is important to me because it enables me to give back to the university. I am not wealthy monetarily, but volunteerism enables me to give something in addition to money. By volunteering, I receive satisfaction in knowing that in some small way I am assisting my university to achieve and grow—experiences I will forever cherish.
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To show gratitude for the education he received at East Carolina, Steve Morrisette and his wife Linda designated a planned gift to the East Carolina Alumni Association to help future students receive a top-notch education.
EAST CAROLINA ALUMNI ASSOCIATION
Lasting Effect East Carolina’s
Alumnus Shows Gratitude for College Experience
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Steve Morrisette ’69, president of the Virginia Healthcare Association and long-time lobbyist, has built his career on a single turning point in East Carolina’s history—East Carolina College being granted university status in 1967. “I was active in the ECU Student Government Association during the time Dr. Leo Jenkins was trying to get the North Carolina General Assembly to designate East Carolina as a ‘university.’ Dr. Jenkins involved student leaders in the lobbying efforts with members of the General Assembly, which was my first real experience with the legislative process and the politics of higher education. I was amazed at the adversarial actions by alumni of other state institutions who were members of the General Assembly to try to keep East Carolina from being designated a ‘university.’ Looking back on it now, the arguments were at best petty, but at the time there was real emotion involved in the charges by both sides. It was clear to me that many of the opposing legislators did not want East Carolina or eastern North Carolina to receive additional resources—they wanted those resources to remain with the existing universities located primarily in the Piedmont region. That experience inspired me to pursue a career as a lobbyist and association manager. I credit my career success on lessons I learned during that trying time coupled with opportunities to learn from experienced lobbyists. “Since my experience as a student, I have felt that the single best hope for eastern North Carolina residents is East Carolina University. ECU has taken the young adults of eastern North Carolina (including myself ) and given them the opportunity to achieve and excel. Many of our graduates have come from modest beginnings, but have become successful in a variety of fields and pillars of their communities. The East Carolina Alumni Association is a great vehicle to identify and tell their stories through EC Alumni magazine, A Pirate’s Life for Me! radio program, PiratePulse, and the awards program. As chairman of the Awards Committee for the Alumni Association, I see the nominations of many outstanding alumni. Just by reading their biographies and reference letters I know that ECU has played a big role in their success. I have also participated in the selection of students to receive Alumni Scholarships. These students are truly outstanding; not only in the classroom but in serving their community,” said Morrisette. In gratitude for the education Morrisette received at ECU, he and his wife Linda have designated a planned gift to the Alumni Association. “Linda and I want to help young adults from eastern North Carolina receive a first-class education at ECU. We also want to be sure each graduate knows the history of their alma mater. Those who attend ECU should know the story of how the university developed, and specifically how its leaders overcame intense opposition to university status and the creation of the medical school. Alumni should be proud of the achievements of their university and that can only be accomplished when they know the history. I continue to be impressed with the many services available to alumni through the Alumni Association, and as a vital connection for all alumni the Alumni Association is the ideal vehicle to promote this history. “East Carolina is a special place. You don’t have to be the son or daughter of a prominent individual, a gifted scholar, or have a lot of money to attend this university. All you need is a desire to learn, because my experience tells me that ECU creates over-achievers. That is a pretty good reputation to have today!”
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EAST CAROLINA ALUMNI ASSOCIATION
East Carolina Alumni Association
Alumni Staff
Paul J. Clifford President and CEO East Carolina Alumni Association 800-ECU-GRAD Paul.Clifford@PirateAlumni.com
Jennifer Watson Assistant Director for Alumni Communications East Carolina Alumni Association 252-328-4902 Jennifer.Watson@PirateAlumni.com
Douglas Smith ’00, ’07 Director of Alumni Communications and Membership East Carolina Alumni Association 252-328-1959 Doug.Smith@PirateAlumni.com
Kendra Alexander Director for Alumni Programs East Carolina Alumni Association 252-328-1958 Kendra.Alexander@PirateAlumni.com
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Chris Williams ’01 Assistant Director for Alumni Membership East Carolina Alumni Association 252-328-0610 Chris.Williams@PirateAlumni.com
EAST CAROLINA ALUMNI ASSOCIATION
Monique Best Accounting Technician East Carolina Alumni Association 252-328-1839 Monique.Best@PirateAlumni.com
Candi High ’97 Accountant East Carolina Alumni Association 252-328-0604 Candi.High@PirateAlumni.com
Betsy Rabon ’86 Alumni Center Coordinator East Carolina Alumni Association 252-328-6072 Betsy.Rabon@PirateAlumni.com
Stephanie Bunn Assistant Director for Alumni Programs East Carolina Alumni Association 252-328-5775 Stephanie.Bunn@PirateAlumni.com
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Emily Adkins ’08 Assistant Director for Alumni Programs East Carolina Alumni Association 252-328-5557 Emily.Adkins@PirateAlumni.com
EAST CAROLINA ALUMNI ASSOCIATION
East Carolina UNIVERSITY Alumni Association INC.
Financial Information Consolidated Financial Report The accounting firm of Clifton Gunderson LLP, 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, 2009. The East Carolina Alumni Association Inc. received an unqualified opinion from the auditors. A full copy of the audited financial report, which includes the auditor’s opinion letter, is available for review on the Alumni Association’s Web site at PirateAlumni.com. For your convenience, the following summary financial statements of the East Carolina Alumni Association Inc. are included on the next page: Statement of Financial Position Statement of Activities
IRS Form 990 The East Carolina Alumni Association Inc. 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 Alumni Association’s Web site at PirateAlumni.com.
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EAST CAROLINA ALUMNI ASSOCIATION
EAST CAROLINA UNIVERSITY ALUMNI ASSOCIATION INC. Summary Financial Statements Fiscal Year Ended June 30, 2009 in Thousands of Dollars
Statement of financial position
Year Ended 6/30/2009
Year Ended 6/30/2008
assets
Prepaid Expenses Receivables Total Assets
$3 1,238 $1,241
$2 1,330 $1,332
$23 162 539 153 364 $1,241
$33 108 724 170 297 $1,332
$96 712 (277) 295 304 $1,130
$59 666 (4) 367 268 $1,356
$611 655 $1,266
$554 639 $1,193
liabilities and net assets
Current Liabilities Long-term Liabilities Unrestricted Net Assets Temporarily Restricted Net Assets Permanently Restricted Net Assets Total Liabilities and Net Assets
Statement of ActivitIES revenues
Gifts and Contributions Contributed Services from University Return on Investments Memberships All Other Revenue Total Revenues
expenses
Scholarships and University Support Management and Administrative Total Expenses
Revenues Exceed Expenses by:
$
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(136)
$
163
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 Aman ’65 and Helen 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 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 IAVO Research and Scientific Verona Lee Joyner Langford* ’35 E. R. Lewis Construction Company 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* Eddie and Jo Allison Smith Hoover and Tom Taft Families Kathy A. Taft ’81 Trade-Wilco Company Wachovia Robert Allen Ward ’62 and Margaret C. Ward ’61, ’63, ’64 J. Fred Webb* Nell Webb Walter L. Williams ’51, ’55 and Marie S. Williams ’53
Berbecker Foundation Dorothy R. Brandon* Lawrence F. Brewster* Robert Gentry Brinkley ’78 and Amy Woods Brinkley Myles Cartrette and Jennifer J. Cartrette ’78 Caterpillar Inc. Hilton O. Chesson ’66 and Freda Showfety Chesson Robert William Cihak and Dianne Marie Cihak Dupont Embarq The Fullerton Foundation Virginia Herrin* Robert L. Jones ’58 and Eve Avery Jones Max Ray Joyner Sr. ’55 and Catherine S. 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* ’31 Dan Lynn Merrell ’75 and Mary Grace Merrell North Carolina Association of Insurance Agents PCS Phosphate Company Inc. Stanton R. Prentiss Ledyard E. Ross ’51 C. D. Spangler Jr. and Meredith Riggs Spangler R. Dillard Teer Sr. and Mildred Teer The Whichard Family
Bronze ($100,000 to $499,999) Gold ($750,000 to $999,999) Bill and Barbara Blount Elizabeth M. Britt IBM Robert T. Maynard ’58 and Virginia B. 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* Julia Weskett Beasley
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Abbott Laboratories Betty Sanders Abernathy* ’51, ’57 Karel B. Absolon, MD, PhD and Mary J. Absolon Ace Transport Ltd. Marcus Sailor 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 Tony Robertson Banks* ’72 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 M. 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 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 C. Christopher Bremer and Barbara W. Bremer ’83 Brewco Enterprises Inc. James L. Brooks ’68 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* The Cannon Foundation Carolina Data Systems Carroll and Associates Inc. Thomas Edward Casey ’50 Ken Chalk ’68, ’71 and Kay 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 Credit Financial Services Jim Creech ’73, ’74 and Debra S. 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 Diversified Foods Inc. 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 Don J. 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.* Mrs. James Ficklen Jr. First Citizens Bank John M. Fisher ’70 and Joy K. Fisher ’77 Ellen C. Fleming* James L. Fleming* A. J. Fletcher Educational and Opera Foundation Louis P. 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 Thomas J. Glennon and Alice Glennon Golden Corral Corporation Douglas L. Gomes ’73 and Katherine H. 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 Thelma Roberts Hall* 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 J. Frank and Elizabeth M. Havens Mabel C. Hayden* Hendrix-Barnhill Erwin and Marti 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 T. 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 T. Jessup ’77 The Ji & Li Family Foundation 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 Stephen Preston Keen and Beverly Perkins 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 Kenneth Eugene Lewis Sr. Thad J. Lewis III ’93 and Carrie M. Lewis Tommie L. Little and Marilee M. Little Ruth Hayes Lokken* John G. Long* ’51, ’53 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 G. Marshburn Timothy N. Martin ’84 Sidney Mason* Johnnie E. May ’57 and Anne B. May ’58 W. C. McClammy* ’63 Benjamin W. McKenzie III ’72 Vincent K. McMahon ’69 and Linda E. McMahon ’69 Edward C. McRae Medical Mutual Insurance Company of NC Merck & Company Inc. 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 Violet H. Mitchell* Edward Thomas Mizell ’63 and Barbara Jones Mizell ’63 Richard Finley Moldin ’70, ’73, ’76 and Nancy Moldin ’73 Mark G. Montenero Collice Clyde Moore Sr. and Ann Nichols Moore Joan Moore Leon L. Moore Jr.* Rufus W. Moore* Ruth F. Moore Ed Murphrey and Diane R. Murphrey 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 Novartis Michael Reid Overcash ’73 and Susan Wilson Overcash Parker Overton and Becky H. Overton ’67 John Vann Parker and Debbie Parker Parker’s Barbecue Robert Donald Parrott ’65 and Helen Saunders Parrott ’89 Joe Pecheles Volkswagen Inc. Helen Peel* Pepsi/Minges Bottling Group
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Perkins Trust Fund Don H. Perry ’70 Marguerite Austin Perry Pfizer Inc. Pharmacia Phelps Chevrolet Inc. Piggly-Wiggly of Eastern N.C. Robert Bruce “Bob” 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 Hubert Eugene 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* William Lawson Reinhart ’77 Mike Renn ’73, ’94 and Becky Renn ’73, ’77 Kate B. Reynolds Charitable Trust Robert S. Rippy ’75 and Jennifer Rippy ’73 William Riley Roberson Jr.* William Riley Roberson III and Olivia Roberson Charles Rogers and Julia “Jewelle” Rogers ’56 W. Howard Rooks ’55 The Murray & Sydell Rosenberg Foundation Dennis P. Ross Glennie L. Rouse* Sampson-Bladen Oil Company Mrs. Ann Rhem Schwarzmann ’57, ’58 Mustafa Selim W. Allen Separk ’65 Louis W. Sewell Jr. ’61, ’66 and Doris Sewell ’64 Kevin M. Shannon ’81, ’82 and Lori Coates Shannon Raymond Paul Sharpe Evelyn W. Simpson* Gertrude E. Skelly Charitable Foundation Harry L. Sloan A. T. Smith and Angela 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 Elizabeth H. Sparrow ’75, ’76 Wendall Keats Sparrow* ’64, ’65 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 Communications James R. Talton Jr.* ’65 Myrtle Talton ’65 Clauda P. Todd* Richard C. Todd* Graydon W. Tripp ’59 and Melba Rhue Tripp ’63, ’64 J. Randolph “Randy” Tripp and Linda A. Lynn Tripp ’80, ’81 Libby Tripp-Cox Harold C. Troxler ’57 Roy E. Truslow John Bernard Tudor ’80 George C. Turner 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 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 and Sydney Womack Dr. Harriet Wooten John L. Wooten* Richard K. Worsley Wyeth Pharmaceuticals Georgina Yeatman* Dennis Allen Young Sr. ’69 and Ellen Young * Deceased
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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 or living trust, or by naming the university as beneficiary of a planned-giving arrangement, life insurance policy, or pension plan. Michael Curtis Aho ’02 Charles H. Allen ’72 and Tracey Hill Allen ’99 Gene Aman ’65 and Helen 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 Bill and Barbara 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 Mrs. James Ficklen Jr. 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* Erwin and Marti 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 T. Jessup ’77 Elizabeth Pate Johnson ’53 Frankford M. 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 Michael Barry Kodroff Hervy B. Kornegay Sr., MD and Deborah K. 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 Eugene Lewis Sr. Tommy Glynn Lewis II ’89 and Janice Lewis John W. Lowe Jr. ’70 and Nelda Sullivan Lowe ’70 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 R. William McConnell and Mary J. Raab Thomas McLean Mark Meltzer ’67, ’69 and Nancy B. Meltzer Dan Lynn Merrell ’75 and Mary Grace Merrell
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Marie M. Miller Gayle B. Miriello Edwin W. Monroe and Nancy Monroe Stephen C. Morrisette ’69 and Linda Morrisette ’70 Emil Nicolaysen* 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 L. Reinhart ’77 Mike Renn ’73, ’94 and Becky Renn ’73, ’77 Patricia Liccardi Rice Burney Ray Rivenbark ’67 and Judy Rivenbark ’65 Earl L. Roberson and Ronald G. Ellis Jr. William Riley Roberson Jr.* Ledyard E. Ross ’51 Otha S. Rountree Claude Sawyer and Barbara Sawyer Mrs. Ann Rhem Schwarzmann ’57, ’58 Lillian J. Scott* ’67 Ralph Lee Scott ’79 and Nancy Schell Scott ’94 W. Allen Separk ’65 Barbara Ann Smith Susan Teagan Smith Elizabeth H. Sparrow ’75, ’76 Wendall Keats Sparrow* ’64, ’65 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 Roy E. Truslow Lester E. Turnage Jr.* Marshall E. Tyner Jr. ’79, ’81 and Jennifer S. Tyner ’80 Robert Brian Van Metre 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* Walter L. Williams ’51, 55 and Marie S. Williams ’53 Cecil Troy Wilson Kenneth R. Wilson and Christa Reiser Dr. Harriet Wooten Richard K. Worsley Ralph C. Worthington ’73, ’76 and Darlene SmithWorthington ’83 Robert L. Zucker and Anne S. Zucker * Deceased
Ways to
Give
to ECU
Frequently Asked Questions about Making Gifts to East Carolina
What assets can I give?
What types of gifts can I give? How will my gift be used?
The three most popular gift assets are as follows: There are three main categories:
Cash
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.
Unrestricted Funds
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
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.
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. 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
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
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. 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.
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. Gifts from your IRA or Qualified Retirement Plan
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. 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. Greenville Centre, Suite 1100 Mail Stop 301 East Carolina University Greenville, NC 27858-4353 252-328-9578 web site: www.ecu.edu/ecuf give online: www.ecu.edu/devt (click on Online Giving) Advancement Staff on page 20
ECU Medical & HEALTH SCIENCES Foundation Inc. 525 Moye Boulevard Mail Stop 659 East Carolina University Greenville, NC 27834-4354 252-744-2238 web site: www.ecu.edu/cs-dhs/mhsfoundation give online: www.ecu.edu/devt (click on Online Giving) Advancement Staff on page 34
ECU Educational Foundation Inc. (Pirate Club) Ward Sports Medicine Building Mail Stop 158 East Carolina University Greenville, NC 27858-4353 252-737-4540 web site: www.ecupirateclub.com give online: www.ecupirateclub.com Advancement Staff on page 48
East Carolina Alumni Association Inc. Taylor-Slaughter House 901 East Fifth Street Mail Stop 305 East Carolina University Greenville, NC 27858-4353 252-328-6072 web site: www.piratealumni.com JOIN online: www.piratealumni.com (Click on Join or Renew Online) Alumni Staff on page 62
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D I V I S I O N O F U N I V E R S I T Y A D VA N C E M E N T 2 2 0 0 S O U T H C H A R L E S B O U L E VA R D
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GREENVILLE CENTRE, SUITE 1100
EAST CAROLINA UNIVERSITY
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GREENVILLE, NC 27858-4353