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Financial Updates | Investment Policy Committee | Upcoming Meetings | Campus News and Fundraising Highlights

Welcome to the spring edition of DashBOARD, our quarterly newsletter for CU Foundation Trustees.

This spring we are celebrating the CU Foundation’s 50th anniversary. For five decades the Foundation has served the philanthropic needs of the University of Colorado. The Foundation was formed in April 1967 by a group of dedicated alumni and community leaders who came together around a vision to raise private support for the university. While our organizational structure has evolved over the years, we have never lost our focus on promoting the university and encouraging philanthropic giving in support of its mission. Stay tuned for details about an anniversary reunion party we are planning for volunteer board members past and present to be held at CU Boulder in November.

We have launched an updated CU Foundation website just in time for our 50th birthday. Follow this link to visit our spiffy new landing page. There you will see our Mission, Vision and Values Statement and quick links to our annual report, our audited financial statements and other financial and investment documents, including our recently updated Endowment Spending Policy. You will also find information about our volunteer leadership, board committees and staff.

Those of you who were with us earlier this month in Colorado Springs experienced first-hand the growth and vitality of UCCS. From the “hard hat” tour of the new Ent Center for the Performing Arts to the presentation by campus leaders responsible for programming the new Hybl Sports Medicine and Performance Center, we were presented with a stimulating series of opportunities to learn more about how UCCS is finding new ways to serve both students and the greater Colorado Springs community. And we were inspired by Ed Osborne’s appeal for support of the Reach Your Peak Scholarship program and scholarship recipient Mykinthia Ebron’s heartwarming speech.

All of us at the CU Foundation extend our warm congratulations to Venkat Reddy, who earlier this week was appointed by President Benson as Chancellor of UCCS. We are grateful for the gracious hospitality provided to us by Chancellor Reddy, Vice Chancellor Martin Wood and their team members during our visit to Southern Colorado’s great public university.

I look forward to seeing you all at our next trustee gatherings on August 17 and 18 at CU Denver.

Best regards,

Jack Finlaw
President and CEO
University of Colorado Foundation

Total Private Support

Since the start of the fiscal year through May 9, donors have made 56,810 gifts, totaling $318 million in private support benefitting CU.

LTIP Investment Performance

For the 9-month period ending March 31, 2017

thermometer graphic9.95%
LTIP
gift graphic10.91%
Policy Benchmark
stock exchange graphic10.84%
S&P 500

investment-performance

Financials

As of March 31, 2017

thermometer graphic$1.465B
LTIP Value
gift graphic$1.175B
Endowment Value
stock exchange graphic2,629
Endowments

ltip-balance

The CU Foundation’s Investment Policy Committee

The CU Foundation’s Investment Policy Committee assists the Foundation’s Board of Directors in fulfilling its fiduciary responsibility for oversight of the Foundation’s investment portfolio and monitoring and evaluating the performance of the Foundation’s outsourced CIO. The committee has fulfilled this role under capable leaders like Earl Wright, who recently retired as chair of the committee after many years of outstanding service. Eric Kramer is now at the helm as chair, and the committee membership recently has been refreshed.

The Investment Policy Committee consists of voting members, most of whom are Foundation trustees, and non-voting, ex officio members: President Benson, Kyle Hybl, the Regent’s representative to the Foundation’s Board of Directors, and Dan Wilson, the Treasurer of the University of Colorado. The committee meets quarterly with Chris Bittman and his team from Perella Weinberg’s Agility group, the Foundation’s outsourced CIO, and with Steve Halvorsen of Monticello Associates, the Foundation’s investment consultant. Committee meetings include deep dives into various asset classes in the Foundation’s investment portfolio. In accord with good governance practices, the committee currently is in the midst of updating the Foundation’s Investment Policy Statement.

Here are brief bios of the voting members of the Foundation’s Investment Policy Committee:

Eric Kramer is the founder and CEO of Crestone Capital, a wealth management firm with over 25 years of experience and approximately $1.8 billion in assets under management. Crestone serves a diverse and financially sophisticated mix of entrepreneurs, CEOs, multi-generational families and foundations. Eric received his BSBA finance degree from CU Denver.

Mike Imhoff is a managing director of Fixed Income Capital Markets for Stifel Nicolaus & Co. in Denver where his is responsible for Municipal Institutional Syndication. Mike is a graduate of CU Boulder where he was a finance and international finance major. Mike also is vice chair of the Board of Directors and chair of the Foundation’s Governance Committee.

Jim Gallogly retired in 2015 as chairman of the management board and CEO of LyondellBasell Industries, a large polymers, petrochemical and refining company. Before joining LyondellBasell, Jim held numerous executive positions at ConocoPhillips, ChevronPhillips and Phillips Petroleum. Jim also sits on the boards of Dupont, the University of Texas M.D. Anderson Cancer Center, and the University of Oklahoma College of Engineering. Jim received his undergraduate degree here at UCCS and his law degree at the University of Oklahoma.

Charlotte Petersen has over 20 years of experience in the investment management industry as an analyst, portfolio manager and chief investment officer managing over $2 billion in assets. She has served as a member of the investment committees of The Colorado Trust, the Women’s Foundation of Colorado and the Downtown Denver Partnership. Charlotte is a graduate of Princeton University and she is a Chartered Financial Analyst.

Jim Linfield is a lawyer at Cooley LLP where he represents biotech, medical device, information technology and clean technology companies in financing, M&A and strategic transactions as well as venture capital and growth equity funds in their investments. Jim is a graduate of Harvard College and Harvard Law School. He has been a Foundation trustee since 2008 and he recently finished a two-year term as board chair.

Stratton Heath is a partner at Oak Hill Capital Partners in New York City where he serves as the firm’s capital markets partner and is a member of the investment and valuation committees. Prior to joining Oak Hill in 2002, Stratton had a 15-year career with The Bank of New York. Stratton is a member of the Alumni and Friends Board at CU Boulder’s Leeds School of Business where he received his undergraduate degree. He received an MBA from Columbia.

Andy Safir is one of the nation’s pre-eminent economists and, after several years of service as a business economist to federal agencies and state governments, he founded Recon Research Corporation, an economic advisory firm based in Los Angeles, of which he has been president for 36 years. Andy did his undergraduate studies in economics at CU Boulder and he received his master's and PhD in economics from Tufts University.

Steve Hansen has over 30 years of real estate investment management experience. He is a retired partner and managing director of Clarion Partners, one of the largest and most well respected real estate investment management firms. He was a member of its executive board responsible for managing a business with $40 billion of assets under management. Steve served on the board of directors of the CU Real Estate Foundation for many years. He has a business degree from CU Boulder and an MBA from Golden Gate University in San Francisco.

2017 Trustee Meetings

Director meeting in Denver
Thursday, June 22, 2017

Trustee reception at CU Denver
Thursday, Aug. 17, 2017

Trustee and director meetings at CU Denver
Friday, Aug. 18, 2017

Trustee reception at CU Boulder
Thursday, Nov. 9, 2017

Trustee and director meetings at CU Boulder
Friday, Nov. 10, 2017

Planned Gifts Support Vibrant Future for CU

We are thrilled to announce that five CU Advancement staff members made planned gifts since the start of the fiscal year to support the university.

They’re now members of the Heritage Society, a group of 1,300 generous donors who have included CU in their estate plans. Since 1985, the university has benefitted from about $150 million in estate gifts.

We’re proud to say that about 18 percent of our trustees are also Heritage Society members. We’d love to see that number grow. Learn more about planned giving to CU here.

Campus News and Private Support Highlights

CU Anschutz

The Marcus Foundation recently made a $38 million philanthropic commitment to transform health care for military veterans throughout Colorado and the Rocky Mountain region. This gift has created the Marcus Institute for Brain Health at the CU Anschutz Medical Campus, which will offer care for veterans with traumatic brain injury and related psychological health conditions.

Charles Baum, MD, PhD (’80), and his wife, Carol (’80), made an estate commitment estimated at $2 million to enhance gastrointestinal cancer research in the CU Division of Medical Oncology.

The Gates Grubstake Fund awarded three faculty a total of $1,050,000 to enhance research in the field of regenerative medicine and stem cell therapies, in a process facilitated by CU Innovations. The goal is to fuel big ideas with commercial potential, bringing life-changing therapies to patient bedsides more quickly.

The Sprout Foundation, founded by Robert and Suzanne Fanch, made a $1 million commitment to establish the Elizabeth Campbell Fanch Alzheimer’s Disease Research Fund to advance new Alzheimer’s therapies. The fund is named in honor of Robert Fanch’s mother.

The Galena Foundation gave $500,000 to the Center for Women’s Health Research. This critical support fuels research efforts that promise to change the lives of women and their families around the world.

CU Anschutz faculty members Barry Rumack, MD, and Carol Rumack, MD, made a bequest to support diversity in the School of Medicine, helping attract and retain some of the best and brightest students.

Jack Cochran, MD (’73), made a gift to establish the Cochran Family Endowed Scholarship to support medical students. Cochran is a longtime supporter, and his giving is helping Colorado residents pursue medical degrees. His bequest will continue this support well into the future.

CU Boulder

The Anna and John J. Sie Foundation provided a generous $2 million gift to the University of Colorado BioFrontiers Institute to fund a 7,050 square-foot research neighborhood, as part of the fifth-wing expansion of the Jennie Smoly Caruthers Biotechnology Building. Named in honor of John J. Sie’s mother, the Yuan Yung-Foo Interdisciplinary Bioscience Research Neighborhood will provide the opportunity for additional scientists, faculty and students to collaborate in the BioFrontiers Institute’s world-class research facilities as they embark on scientific discovery into many of the world’s most challenging health issues.

With strong support from campus, the Leeds School of Business and the College of Engineering and Applied Science are partnering for a 30,000 square-foot expansion to bridge the two disciplines. The opportunity offers creative, collaborative and connective spaces to expand experiential learning opportunities for all business and engineering students. This space will foster innovative problem-solving to produce a new generation of leaders who possess the connections, education and entrepreneurial ingenuity to shape the future.

Thanks to family, friends and real estate icons, the Sherman R. Miller Endowed Executive Directorship surpassed $2.5 million and will have a lasting impact for the CU Real Estate Center’s students and for Sherm’s legacy.

Becky Roser, a longtime College of Music supporter and former chair of the Music Advisory Board, recently created a $2 million endowment, naming the keyboard area the Roser Piano and Keyboard Program. Becky now chairs the music+ campaign committee and is helping to kick off the $50 million fundraising efforts of the new campaign. Her gift is inspired by her lifetime love of piano, and will inspire others to contribute as well. Read the full story.

CU Denver

Gift from Daniels Fund Brings Attention to Fake News

The Terrace Room at the Lawrence Street Center was filled to capacity on Thursday, March 30, to hear about “Fake News and Filter Bubbles” in the second installment of the Daniels Fund Colloquia on Ethics in Communication, presented by the College of Liberal Arts and Sciences. More than 200 attended this keynote event, made possible with a $250,000 grant from the Daniels Fund that supports principle-based education in journalism through six events over a two-year period.

Panelists addressed challenges to the integrity of news reporting. They included Pulitzer prize-winning journalist Hedrick Smith, a former New York Times reporter and editor and a current producer and correspondent for the PBS’ Frontline; Dr. Ashley Muddiman, Assistant Professor in the Department of Communication Studies at the University of Kansas, who specializes in political media, particularly online; and Alexios Mantzarlis, founder of the International Fact-Checking Network at the Poynter Institute for Media Studies.

Molly Hughes, the Emmy award-winning journalist and the director of Denver Post TV, moderated.

Faculty and staff visit Qatar and Saudi Arabia

During the week of March 20, a team from CU visited Qatar and Saudi Arabia to strengthen relationships with two countries that send CU Denver many students. Representing CU were President Bruce and Marcy Benson; Chancellor Dorothy Horrell; Kat Vlahos, Professor, Department Chair, and Director, Center of Preservation Research for the College of Architecture and Planning (CoPR); John Sunnygard, Executive Director, Office of International Affairs; Andrea Wagner, Vice Chancellor of Advancement; and Noelle DeLage, Assistant Vice Chancellor of Advancement.

In addition to gathering with alumni in the region, the team met in Qatar with Prime Minister Abdullah Bin Nasser Bin Khalifa Al Thani, whose son graduated from CU Denver’s Business School last May; Dr. Rachel Hajar, a physician at the Heart Hospital in Doha whose endowment gift to the CU School of Medicine established the Hajar Al Binali International Visiting Scholar Program in Cardiology; and Dr. Hajar (’69, MD ’73), who serves as Qatar’s Undersecretary for Health.

In Riyadh, the group was honored to have an audience with HRH Prince Sultan bin Salman, President and Chairman of the Saudi Commission for Tourism and National Heritage. The commission is interested in partnering with CoPR to document and develop built heritage sites in Saudi Arabia for tourism. The host in Jeddah was Zuhair Fayez, (’71), chairman of the largest architectural/engineering/management firm in Saudi Arabia and founder of CU Denver’s architecture exchange program with Dar Al-Hekma University in Jeddah.

Chancellor Horrell noted both countries demand a commitment to excellence in everything they do: “This is part of our effort to say our doors and hearts are open to international students and partnerships.”

UCCS

UCCS professor Al Schoffstall made a planned gift commitment of $500,000 to the chemistry and biochemistry department. The contributions will further research and scholarships at UCCS. 

The Marie Walsh Sharpe Foundation gave $75,000 to the UCCS public sculpture fund to support temporary, rotating sculptural projects shown on the grounds of the new Ent Center for the Arts sculpture garden.

Jeff Flygare has made a planned gift of $1,167,020 to UCCS Theatreworks. Jeff has volunteered more than 25 years of work to UCCS Theatreworks, and his gift is a tribute to the incredible work that Murray and others did and do to make this special playhouse a showcase for talent, entertainment and fun in Southern Colorado.   

UCCS will name a new main stage theater after Chancellor Emerita Pam Shockley-Zalabak following the completion of a $1.5 million fundraising campaign that was spearheaded by CU Regent Kyle Hybl and his wife, Sally. Read more.

UCCS announced it will name an under-development sports medicine and performance center The William J. Hybl Sports Medicine and Performance Center. The naming reflects the longtime support of the El Pomar Foundation as well as its specific support for the university’s efforts to redevelop North Nevada Avenue, where the new building will be. In 2014, El Pomar donated $4 million in support of UCCS efforts to redevelop North Nevada Avenue on the western edge of the campus. Read more.