Financial Updates | Upcoming Meetings | Campus Highlights
Dear colleagues,
Welcome to the winter 2017 edition of DashBOARD, our quarterly newsletter for CU Foundation trustees.
This month the University of Colorado is celebrating the many accomplishments of recently retired Chancellor Pam Shockley-Zalabak. Pam moved from success to success during her long tenure at the helm of UCCS. Those of us who have had the privilege of working with Pam and seeing her in action will miss her passion, her dedication and her integrity, and we wish her well in her future endeavors.
Pam began her career at UCCS in January 1976, teaching communications courses in an unheated trailer at what was then a commuter school. Since that time, Pam has come to preside over the only research university providing master’s and doctoral programs in the southern part of our state. And so much of what has come to pass at UCCS has occurred because of Pam’s vision and tireless efforts to see her strategic plans accomplished.
Here are some highlights of what UCCS has achieved under Pam’s leadership:
UCCS has experienced 75 percent growth in enrollment, from 6,851 students in 2001 to approximately 12,000 students today. And a high percentage of students are ethnic minorities or the first in their families to attend college.
The campus has seen more than $300 million in new construction, including its largest building, Osborne Science and Engineering, named in honor of trustee Ed Osborne and his wife, Mary, and the first campus building dedicated to the arts, the under-construction $70 million Ent Center for the Arts. The Lane Center for the Academic Health Sciences, which includes a branch campus of the CU School of Medicine, and the planned William J. Hybl Sports Medicine and Performance Center are also located on North Nevada. The Gallogly Recreation and Wellness Center, named in honor of trustee Jim Gallogly’s family, and the Gallogly Events Center, named in memory of Tommy Gallogly, were also added under Pam’s leadership.
UCCS has benefitted from large increases in philanthropic support, including an $8 million endowed gift leading to the naming of the Helen and Arthur E. Johnson Beth-El College of Nursing and Health Sciences, and $10 million in gifts from the Osbornes to support various campus programs. And in 2016 alone, UCCS received $19.5 million in private support.
The campus has become a major economic development driver in Colorado Springs. With an annual operating budget of $228 million, UCCS employs one of every 50 people in El Paso County and generates $450 million in annual economic impact. In 2001, UCCS employed about 860 faculty and staff. Today, UCCS employs 1,624, including 855 faculty and 772 staff.
UCCS has expanded its academic programs. In 2001, UCCS offered 35 bachelor’s programs, 17 master’s programs and one doctoral degree program. It now offers 45 bachelor’s, 22 master’s and five doctoral degree programs. New programs include inclusive elementary education, exercise science, game design and development, computer science and security, professional golf management and sports management as well as doctoral degrees in education, nursing, geropsychology, computer science and mechanical and aerospace engineering. Pam oversaw changes in UCCS’ statutory mission statement to include research and graduate students and implemented two campus-wide strategic plans.
From part-time honorarium instructor in the mid-1970s, Pam moved up the faculty ranks and was named a professor in 1992. She joined the campus central administration in 1994, was named dean of student success in 1996 and became vice chancellor for student success in 1998, a position she held until being named chancellor in 2001. As UCCS chancellor, Pam continued to teach and research. She is the author of nine books and more than 100 articles and productions focusing on organizational communication.
See photos: Campus says farewell to Shockley-Zalabak
Our spring meeting of the Foundation’s Board of Trustees will be at UCCS on May 4 and 5. Our host will be Interim Chancellor Venkat Reddy, whom President Benson tapped to lead UCCS while a search for Pam’s permanent replacement is conducted. Venkat is a well-known and respected campus leader. He began at UCCS as an instructor in 1991 and, through several promotions, became a professor of finance in 2004. Venkat has served as dean of the College of Business since 2005 and vice chancellor for online programs in the Division of Academic Affairs since 2014. We look forward to hearing from him and learning first-hand of the many exciting developments at UCCS during our spring gathering there.
We at the CU Foundation look forward with great expectations to the future successes and growth of UCCS. We appreciate the opportunity to serve this extraordinary campus and its students, faculty and administrators, and especially its advancement professionals, as a partner in philanthropy.
Best regards,
Jack Finlaw
President and CEO
University of Colorado Foundation
Total Private Support
Since the start of the fiscal year through February 15, donors have made 39,289 gifts, totaling $185 million in private support benefitting CU.
LTIP Investment Performance
For the 6-month period ending December 31, 2016
5.26%LTIP
5.27%Policy Benchmark
7.82%S&P 500
Financials
As of December 31, 2016
$1.392BLTIP Value
$1.124BEndowment Value
2,602Endowments
2017 Trustee Meetings
Trustee reception at UCCS
Thursday, May 4, 2017
Trustee and director meetings at UCCS
Friday, May 5, 2017
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
Campus Private Support Highlights for October-December 2016
CU Anschutz
The ALSAM Foundation gave $1 million in renewed support for the Skaggs Scholars Program, established in the CU Skaggs School of Pharmacy and Pharmaceutical Sciences in 2011 to fuel collaborative multi-institutional faculty research projects.
The Colorado Health Foundation committed $525,000 to support UPSTREAM Together, a project spearheaded by Professor of Family Medicine Larry Green that aims to prevent mental, emotional and behavioral health problems among Colorado’s youth and to promote integrated health care.
CU alumna Ann Jones (MA ’71, PhD ’77) and M. Douglas Jones Jr., MD, established the Jones Family Endowed Professorship in the CU School of Medicine with a $500,000 commitment.
Former CU School of Medicine faculty members and professors emeriti Peggy, PhD, and Hans, MD, Neville made a significant estate commitment to support obstetrics and genecology research efforts led by junior faculty.
Alumnus Robert Conger (BA ’71, CHA/PA ’73) and his wife, Judith, committed $255,000 in their estate to establish the Conger Endowment, which will support future students in the Child Health Associate – Physician Assistant Program in the CU School of Medicine.
CU Boulder
David Pyle made a $1 million endowment gift, of which $500,000 will be used as matching funds to motivate like-minded donors, to support the Visiting Scholar for Conservative Thought & Policy in the College of Arts and Sciences. It will support the goal of the Center for Western Civilization, Thought & Policy to bring diverse voices to university conversations, and foster research, debate and dialogue on the fundamental ideals of our time.
Lockheed Martin’s $3 million sponsorship will establish academic programs to develop the next generation of space engineers. The programs will focus on radio frequency systems, which are important to commercial, civic and military needs for communication, radar and photonic technology. For students, the partnership means even more opportunities to get experience in tracking, navigation and spacecraft control, and in next-generation global-navigation technology. Read more.
In 2013, Michael Savage (A&S ’92, Law ’96) made pledges to establish the Savage Law Scholarship and the Savage CU in D.C. Scholarship. In December, he worked with Kimberly Bowman (assistant dean for Advancement for Arts & Sciences) and Mary Beth Searles (assistant dean for Advancement at Law) to commit a $1 million estate gift to be divided equally between the two scholarships. Michael is a member of the CU Foundation Trustees and the Colorado Law Alumni Board.
Private support totaling $15 million from Ann Smead and her husband, Michael Byram, will name the Ann and H.J. Smead Department of Aerospace Engineering Sciences. It further boosts the campus’ reputation as a leader in aerospace research, education and industry collaboration. Their gift cements the legacy of the Smead Program, established in 2006 to attract and support the nation’s top aerospace engineering doctoral students and rising faculty stars. The program was created to honor H. J. “Joe” Smead, a CU Boulder engineering college alumnus, doctor of electrical engineering, noted industry executive and Ann’s husband prior to his passing in 2003. Read more.
CU Denver
The impact of a $5 million gift from Comcast committed in 2015 will be realized with the opening of a new CU Denver academic facility, unique in the Rocky Mountain region, where students will integrate technical and creative pursuits. Located in the Tivoli Student Union, the Comcast Media and Technology Center will offer curriculum developed by the College of Arts & Media and the College of Engineering and Applied Science. The aim is an interdisciplinary mix of arts, business and engineering skills needed in work environments. Read more here and here.
More than $1 million in gifts and commitments directed to student scholarships include:
- $293,500 from the Denver Scholarship Foundation to provide support for CU Denver students whom the foundation selects from graduates of Denver Public Schools;
- $219,000 from the Reisher Family Scholarship Fund, bringing the cumulative contributions to CU Denver’s Reisher Scholars Program to $3.5 million;
- $100,500 added by alumnus David Lacey and his wife, Nancy, to their fund providing scholarships for liberal arts students with disabilities.
Other notable gifts include:
- A pledge payment and additional contribution totaling $80,000 from Don and Maria Johnson for the College of Architecture and Planning for the Finnish Initiative and the Colorado Building Workshop;
- A grant of $65,745 from Community First Foundation to the School of Public Affairs’ Center on Network Science.
UCCS
Kang Lee Sheppard committed $200,000 to name the Kang Lee Sheppard Arts Learning Studio in Ent Center for the Arts building that is scheduled to open in January 2018.
The Recreation and Wellness Center was named in October to honor the Gallogly family for its generous $2.8 million gift to UCCS.
E. Harold and Mary K. Williamson pledged $50,000 to establish the Pay It Forward Learning Opportunity Scholarship Fund.
Kyle and Sally Hybl are leading a community effort to name the theater in the Ent Center for the Arts to honor Pam Shockley-Zalabak, PhD, who retired as UCCS’ chancellor in February. The Hybl’s $1.5 million goal has so far received $1 million from supporters.