University of AlAskA FOUnDAtiOn AnnUAl rePOrt

Transcription

U niversity of Al ask a FOU N DATIO N ANN UAL RE PO RT
Fiscal year: July 1, 2006 – JUNE 30, 2007
TA B L E O F C O N T E N T S
Call it one of nature’s most perfect shows. A single pebble cast into
a body of calm. Smooth, rolling ripples moving outward in perfect,
RIPPLE
concentric circles. Leaves undulating as the ripples pass by. A fun
Letter from the Leaders 3
Foundation Leader List 4
Giving Stories 5
Giving Recognition
13
little rise and fall. And a simple metaphor that describes how one gift
Estate Giving
20
can spread and touch the lives of many.
Ways of Giving
21
Estate Giving Story
23
Tax Benefits
25
Scholarship Stories
27
Scholarship Recipients
31
Donor Bill of Rights
41
4
A MESSAGE FROM THE BOARD CHAIR
AND UNIVERSITY PRESIDENT
Philanthropy matters at the University of Alaska. Your generosity enables the university to serve
Alaska in ways not possible with government and tuition funding alone.
With your support, the university delivers programs that help prepare students for success in college
and beyond. We prepare Alaskans for Alaska’s jobs. Your gifts provide scholarships that ease
students’ financial burdens and entice them to earn their education in Alaska, where employment
opportunities for well-educated and trained graduates are plentiful. Your support equips labs and
classrooms with equipment that is critical to teaching and learning, and enables the university to
attract and retain some of the best teaching and research faculty possible.
At the University of Alaska, every gift makes a difference. Your regular gift to the annual fund
might help students and faculty travel to national competitions to present their award-winning
work. Or it may be used to acquire an important piece of equipment. Perhaps your support will
endow a scholarship, professorship or chair. Gifts of all sizes make a positive difference for the
University of Alaska and the state we serve.
expended in accordance with donor intent. For our longer-term funds, we have developed and
implemented sound investment strategies that consistently produce remarkable results and a
healthy income stream to support the university.
Your philanthropy matters. Every gift matters. Every donor matters. Thank you for investing in
Alaska’s future by investing in your state university.
Ann Parrish, Chair
University of Alaska Foundation
Board of Trustees
BOARD OF TRUSTEES
E x ecutive C ommittee
F inance and A udit C ommittee
Will Anderson
Ann Parrish, Chair
Jeff Cook, Chair
Carla Beam
Jeff Cook
Mike Everette
Robert Boswell
Sharon Gagnon
Darren Franz
Alison Browne
Mark Hamilton
Arliss Sturgulewski
Brian Brundin
Grace Schaible
Phil Younker, Sr.
Jeff Cook
Mary Rutherford, Ex-Officio
Ann Parrish, Ex-Officio
Laraine Derr
Gordon Evans
Mark Hamilton, President
University of Alaska
Board of Trustees
C ommittee on T rusteeship
Arliss Sturgulewski, Chair
I nvestment C ommittee
Jeff Cook
Eric Wohlforth, Chair
Sharon Gagnon
Mike Burns
Mary Hughes
Gary Dalton
Thomas Jensen
Winthrop Gruening
John Pugh
Greg Gursey
Carolyne Wallace
Jim Lund
Brian Rogers
Mary Hughes
Grace Schaible
Thomas Jensen
D evelopment C ommittee
Steve Jones
Sharon Gagnon, Chair
Bill MacKay
Carla Beam
Elaine Maimon
Alison Browne
Carl Marrs
Ted Fathauer
Jo Michalski
Michael T. Felix
Rick Mystrom
Jack Griffin
Ann Parrish
Mary K. Hughes
John Pugh
Bill MacKay
Grace Schaible
Jo Michalski
Arliss Sturgulewski
Rick Mystrom
Tara Sweeney
Fran Ulmer
Mike Everette
Ted Fathauer
Mike Felix
Sharon Gagnon
Jack Griffin
Greg Gursey
Mark Hamilton
John Hughes
We take great pride in being careful stewards of the gifts entrusted to us, ensuring that they are
F Y 0 7 F O U N D AT I O N L E A D E R S
Carolyne Wallace
Eric Wohlforth
Phil Younker Sr.
Robert Storer
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2006-2007 LETTER FROM THE BOARD CHAIR AND UNIVERSITY PRESIDENT
3
UA alumnus Ronald Cosgrave has a history of firsts at UA. In 1958, he became the first student to graduate
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fellowship at the Massachusetts Institute of Technology (MIT). And he was the first donor to make a personal gift
of $2.6 million to the UA Foundation – the single largest unrestricted contribution ever made by a living alumnus.
Cosgrave placed no restrictions on his gift, allowing university leaders to use it as they saw fit for the long-term
“It’s an honor and a pleasure for me to
give back to the university, which has
given me so much.” R onald C osgrave
benefit of the university and the state as a whole. They chose to use the contribution to purchase 30 acres of
undeveloped land directly across from the UAF campus. The purchase opens up many opportunities, such as
educational, commercial or residential development, that did not exist before Cosgrave’s historical donation.
“This is truly a transformational gift for the university,” said UA president Mark Hamilton. “We are grateful to Ron
for the trust he is placing in us. We take this responsibility seriously and we thank Ron for his generosity.”
It’s fitting that Cosgrave’s gift was used to purchase land near campus. Back when he was a student at UA,
Cosgrave and a small group of fellow students formed Northern Alaska Development Corporation. The group
began investing in and developing real estate near the university – some of which Cosgrave still owns today.
The corporation was formed with the encouragement of then – UA President Charles E. Bunnell. Cosgrave, who
was known as one of “Bunnell’s Boys,” cites the former university president as a major influence on his years at UA.
“The university has had a profound effect on my life and helped me achieve the success I’ve enjoyed,” Cosgrave
said. “It’s an honor and a pleasure for me to give back to the university, which has given me so much.”
C O S G R AV E : A H I S T O R Y O F F I R S T S
R onald C osgrave
Originally from New York, Cosgrave arrived in Alaska in 1954. He came in search of work, but soon enrolled at UA, where
he later graduated with a chemical engineering degree. Following a teaching fellowship at MIT, Cosgrave returned to
Fairbanks, where he was instrumental in establishing the College Utilities Corporation. Cosgrave later joined Alaska Air,
where he served as chairman and CEO from 1972 – 1979, and is today a chairman emeritus of the company. Since retiring
from Alaska Air, Cosgrave has focused his efforts on real estate and other development ventures.
Throughout his career, Cosgrave has continued to be involved with the university, serving on the UA Foundation’s Board of
Trustees from 1979 – 1983. He was also named the 1978 UAF Alumnus of the Year, received an honorary doctorate in
2003, and established an endowed scholarship for UAF engineering students.
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from the university with a chemical engineering degree. He was also the first UA graduate to receive a teaching
5
Many students, including Jess Parks, are drawn to UAS for its picturesque location and access to the great
outdoors. “I can’t imagine a campus with better access to the outdoors. I have learned so much through
the field work I have done as part of my science classes here at UAS,” said Jess Parks. “Not only is UAS
surrounded by world-class natural science research opportunities, but when you want to take a break from
studying, you can go hiking, paddling, cross-country skiing or ice skating right from campus.”
With a recent pledge from former Alaska Governor Bill Sheffield, UAS will soon be even more closely
connected with the great outdoors. Sheffield’s $100,000, three-year pledge to UAS’ Auke Lake Trail
“I can’t imagine a campus with
better access to the outdoors. I have
learned so much through the field
work I have done as part of my
science classes here at UAS. Not
only is UAS surrounded by
world-class natural science
research opportunities, but when
you want to take a break from
studying, you can go hiking,
paddling, cross-country skiing or
ice skating right from campus.”
Campaign will assist the university in efforts to restore the old Auke Lake Trail. The project is a partnership
between UAS and the City and Borough of Juneau.
“Gifts like Governor Sheffield’s demonstrate public support for the educational and recreational opportunities
the university can provide for the people of Alaska,” said UAS chancellor John Pugh. “It enables the
university to utilize the area for educational purposes, and provides students, faculty, staff and the community
with additional recreational resources.”
In making his pledge, Sheffield took advantage of an IRS provision that allowed individuals to transfer funds
from their Individual Retirement Accounts (IRA) to nonprofits – without realizing those distributions as income.
In recognition of Sheffield’s contribution, a pedestrian bridge along the trail will be named after the former
governor. In addition to connecting the trail to campus and parking areas, the bridge will offer one of
J E S S PA R K S ,
E N V I R O N M E N TA L S C I E N C E S T U D E N T
Juneau’s most spectacular views of Mendenhall Glacier.
“Mendenhall Glacier and Auke Lake are not only two of my favorite sights in Juneau, but are also favorites
with residents and visitors alike,” Sheffield said. “The university is fortunate to have these wonders in their
‘backyard’ for thousands of people to view and enjoy. I am honored to participate in this worthwhile endeavor
and thank the university for giving me the opportunity.”
AUKE LAKE TRAIL
BILL SHEFFIELD
Former Alaska Governor Bill Sheffield, originally from Spokane, Washington, came to Alaska in 1953. During the 1970s
and 1980s, Sheffield built a name for himself as a successful hotelier, operating hotels across the state. His political career
began in 1981 when he ran for governor – a position he held from 1982 – 1986. In 1995, Sheffield was appointed to the
Alaska Railroad board of directors, where he served as chairman. From 1997 – 2001, Sheffield served as president/CEO
of the railroad. Currently, Sheffield is the director of the Port of Anchorage.
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from which UAF graduate student Archana Bali recently arrived. Bali is the first recipient of the George Schaller
Fellowship, which was established by the Liz Claiborne and Art Ortenberg Foundation in honor of Dr. George
Schaller, a prominent UAF alumnus whose life’s work has been dedicated to wildlife conservation.
Over the next 10 years, the Foundation’s $250,000 gift will be used to bring international graduate students
from developing countries to Fairbanks, where they will participate in UAF’s world-class Resiliency and
Adaptation Program (RAP). At the end of their studies, students will return home to practice wildlife
conservation professionally. “This gift has global impact, because it enables UAF to bring international students
to Fairbanks to learn and research,” said Mary Rutherford, president of the UA Foundation. “These students
will then return home to use their knowledge to address conservation challenges in their country.”
Gary Kofinas, director of RAP, said Alaska offers fantastic opportunities to these student researchers. “Alaska’s
indigenous peoples have strong cultural traditions, with close ties to land and animals, and wildlife is in great
abundance,” he said. “Yet, the ecological and social systems of Alaska are undergoing rapid change. In these
ways, many of the problems we face in Alaska are similar to those of developing nations.”
Photo by Todd Paris, University Marketing and Publications
“It’s all about the global changes our
ecosystems are going through and
adapting to those changes —
like here in Alaska.”
ARCHANA BALI,
U A F G R A D U AT E S T U D E N T
During her time in Alaska, Bali will complete her dissertation, which is focused on how global changes are
affecting caribou and the communities that depend on them. While caribou in Alaska and conservation in
India may seem unrelated, Bali said she sees plenty of similarities. “In India, issues are different, but the basic
philosophy is the same,” she said. “We want these systems to be sustainable and we want to continue using them,
so conservation that allows for human use is important.”
A N I N T E R N AT I O N A L I M P A C T
T he L i z C laiborne and A rt O rtenberg F oundation
The Liz Claiborne and Art Ortenberg Foundation, a private foundation dedicated to
the survival of wildlife and the vitality of human communities, established the George
Schaller Fellowship in honor of UAF alumnus Dr. George Schaller, who graduated
from UAF with bachelor’s degrees in biology, zoology and anthropology in 1955, and
received an honorary doctorate in 1992.
Dr. Schaller is currently vice president of the Wildlife Conservation Society’s science
and exploration program, and has spent most of the past 50 years in the wilds of Asia,
Africa and South America.
PHOTO COURTESY: WILDLIFE CONSERVATION SOCIETY
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The research taking place at UAF will one day affect conservation efforts in developing countries such as India,
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The Rasmuson Foundation’s positive effects can be felt around the state of Alaska – including at each of the
with one of its largest gifts ever – a six-year, $5 million grant awarded to the UAF School of Fisheries and Ocean
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Sciences (SFOS). “The Foundation is committed to building capacity to garner alumni, community and corporate
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University of Alaska campuses. A long-time supporter of the university, the Foundation recently presented UA
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financial support for the university. Our investments in education are vital to building a university that will meet
the diverse challenges in Alaska’s future,” said Diane Kaplan, president of the Rasmuson Foundation. “The return
on these investments is immeasurable. They help ensure that Alaskans will continue to have a bright future and
better quality of life.”
SFOS, which currently has more than 50 faculty scientists and 150 graduate students engaged in world-class
research and education across Alaska, plans to use the funds to reinvigorate the undergraduate fisheries program,
including developing a new fisheries minor, as well as an interdisciplinary bachelor of arts degree in fisheries.
In addition to the new programs, the funds will also allow SFOS to add new faculty, expand recruitment efforts
for Alaska Native and rural students, improve teaching facilities, and expand distance-learning opportunities.
“The Rasmuson Foundation
dedicates itself to being a catalyst
to promote a better life for
Alaskans and, like all great
change-agents, its gift
promises far-reaching implications.”
D enis W iesenburg ,
dean of S F O S
“The Rasmuson Foundation dedicates itself to being a catalyst to promote a better life for Alaskans and, like all
great change-agents, its gift promises far-reaching implications,” said Denis Wiesenburg, dean of SFOS.
A unique aspect of the Foundation’s gift is that it requires the university to raise $5 million in matching funds.
“The Rasmuson Foundation’s commitment to the university will help increase private support, which extends
beyond what is possible with state funding alone,” said Mary Rutherford, president of the UA Foundation.
“Its gift opens doors for the university to partner in unique ways to meet the matching-gift requirement.”
The contribution to SFOS is only one way the Rasmuson Foundation shows support of the university. For
example, at UAA, alumni donations or pledges of $1,000 or more in 2007 were matched by the Foundation.
Through this special challenge grant, UAA received $100,000 in matching funds and many new, higher-level
alumni donors. And at UAS, the Foundation made a $500,000 commitment to the UAS Trail Campaign,
including a $250,000 gift and a $250,000 challenge grant. The UAS Foundation challenge generated over
$250,000 in private contributions.
PARTNERING FOR A STRONG UNIVERSITY
R asmuson F oundation
The Rasmuson Foundation was founded in May 1955, by Jenny Rasmuson, in honor of her late
husband, “E.A.” Its first grant was $125. Today, the Foundation awards approximately $30 million
annually to promote a better life for all Alaskans.
For our Lifetime Giving donors, supporting education is a way of life, a promise
made for the long term. This sort of dedication is the perfect demonstration of
how one life, one gift, can make a profound difference in the lives of many.
alaska society
BUNNELL SOCIETY
Recognizes those individuals who made gifts or pledges of $100,000 to $499,999 and those organizations who made gifts or pledges of $150,000 to $499,999 over their lifetime.
Recognizes those individuals and organizations who made gifts or pledges of $1,000,000 over their lifetime.
individuals
Robert B. Atwood+
Isabel Beeler
Edith R. Bullock+
Ronald F. Cosgrave
Helen A. Fathauer
Nathan I. Gerson+
John C. Hughes
Fred A. Kubon
Elmer E. Rasmuson+
Grace Berg Schaible*
Frankie Wakefield+
W. Dean and Ana Weidner
Council for Better Corporate Citizenship
First Interstate Bank
First National Bank Alaska
Glacier Fish Company
Golden Alaska Seafoods
Highland Light
Holland America Line
KeyBank
M. J. Murdock Charitable Trust
Northrim Bank
Providence Health System
in Alaska
Rasmuson Foundation
O R G A N I Z AT I O N S
Alaska Airlines
Alaska Ocean Seafood
Alfred P. Sloan Foundation
Alyeska Pipeline Service Company*
American Seafoods Company
Anchorage Daily News
Arctic Storm
Bentley Family Trust
Helen M. Bentley Trust
Bill and Melinda Gates Foundation
BP*
ConocoPhillips Alaska*
Schlumberger GeoQuest
Starbound
Totem Ocean Trailer Express
Trident Seafoods
Umialik Insurance
Usibelli Coal Mine
Weidner Investment Services
Wells Fargo
Williams Alaska Petroleum
SOURDOUGH SOCIETY
Recognizes those individuals and organizations who made gifts or pledges of $500,000 to $999,999 over their lifetime.
individuals
Caroline M. Coons
John P. Doyle+
Marie George
W. F. Meek
Joseph E. Usibelli and Peggy
Shumaker*
Beatrice Wenger
Municipality of Anchorage
Peter Pan Seafoods
Providence Alaska Medical Center
Safeway
Siemens Building Technologies
Trimble Navigation
W. K. Kellogg Foundation
Alaska Regional Hospital
Atwood Foundation
CIRI
Fairbanks Memorial Hospital
Denali Center
Flint Hills Resources Alaska
IBM
JL Properties
+Denotes Deceased
*Denotes Gifts and Underwriting to KUAC
individuals
Dr. Walt and Marita Babula
Isabel J. Beeler+
Jane H. Behlke*
Mary Emily Carlson
Edward and Alene Christiansen
J. Robert Claus
John R. Claus+
Frances and Emerson+ Collier
Minnie Crook
John P. Doyle
Ted and Mary Ann Fathauer*
John B. Hakala+
Ruth Hewett
Mary K. Hughes and Andrew Eker
Luther Hess
Dorothy Johnson+
William P. Johnson Jr
Cary S. Keller, M.D. Sports Medicine Fairbanks*
James and Mary Lou King
Dinah Larsen
Robert Lathrop
Seng Tee Lee
Howard I. Mackey
James W. and Barbara H. Matthews
Fannie Mae McDaniel
Jessie O’Bryan McIntosh
McManamin Family
Mary Jean McManamin
Barry and Dorli McWayne*
W. F. Meek+
Harry M. Mikami
Terris Moore+
Horace Willard Nagley II+
Lily Noyes+
Jack O’Brien
Dorin and Argentina Parasca
Lance and Karen Parrish
Roxolana E. Pomeroy
Mary Louise Rasmuson
Dorothy Jean Ray
Bill and Frances Ray+
Paul and Terry Reichardt*
Leo F. Rhode
Clifford and Patricia Rogers
Robert C. Ruff
Jon Rubini and Suzanne La Pierre
Craig Salsbury
Governor Bill Sheffield
William G. Stroecker*
Veronica D. Tisdale
Elizabeth A. Tower
Jerry E. Ulmer
Jon and Jona Van Zyle
Marguerite L. and Charles+ West
Sandra M. Winnen
Sydney Woll
Mark and Kathleen Wood
Dale and M. Jeanne Yoder
AT&T Alascom
Alaska Aerospace Development Corporation
Alaska Kidney Foundation
Alaska Native Tribal Health Consortium
Alaska Railroad
Allen Foundation for the Arts
Anadarko Petroleum
Andrew W. Mellon Foundation
Aramark
Asahi Brewery Foundation
Association of Performing Arts Presenters
Bartlett Regional Hospital
Benton Bay Lions Club
Blue Waters Foundation
Blueliner Booster Club
Bob Bartlett Memorial Foundation
CARRS/Safeway
Chenega Corporation
Eagle Insurance Group
Exxon Company USA
Fairbanks Daily News-Miner
Fairbanks Development Authority
Ford Foundation
Ford Motor Company
Fred Meyer Charitable Trust
GCI
HP
Inlet Salmon
Intel Corporation
Liz Claiborne & Art
Ortenberg Foundation
MAPCO Alaska Petroleum
and MAPCO Inc.
Mat-Su Regional Medical Center
Microsoft Corporation
Morris Communications
Corporation
Mt. McKinley Mutual Savings Bank*
National Bank of Alaska
Nature Conservancy
NERCO
North America Insurance Co.
OSI Software
Primavera Systems
Princess Cruises and Tours
Seekins Ford-Lincoln-Mercury
Shivers Trading & Operating Company
Sportsmedicine Fairbanks
Standard Oil Company
Tesoro Petroleum
The Williams Foundation
UPS
Usibelli Family
Wards Cove Packing Company
Yukon-Kuskokwim Health
Corporation
DISTRIBUTION IN SUPPORT OF UA
FY07
‘06 ‘07
uaa
‘06 ‘07
UAF
‘06
‘07
UAS
‘06
$1,229,501
2
0
general
$609,605
4
engineering
$1,797,714
6
business administration
$977,828
8
$8,190,244
10
$5,112,930
12
$8,307,473
14
‘07
GENERAL
$251,756
$567,480
$9,065,350
kua C R adio and television
$842,092
liberal arts
$306,132
library
$178,788
museum
$1,010,461
natural sciences
$204,573
research
$860,732
student aid
$2,223,139
+Denotes Deceased
2006-2007 LIFETIME GIVING RECOGNITION
14
LIFETIME GIVING RECOGNITION
$4,596,740
2006-2007 LIFETIME GIVING RECOGNITION
13
2006-2007 DONORS FY07
15
G O L D circle
16
Recognizes those individuals and organizations that made gifts or pledges of $5,000 to $9,999 in FY07.
DONORS FY07
leadership circle
Recognizes those individuals who made gifts or pledges of $20,000 or greater and organizations that made gifts or pledges of $50,000 or greater in FY07.
individuals
Dr. Walt and Marita Babula
Edward and Alene Christiansen
Ronald F. Cosgrave
Paul B. Crews Sr.
T. Neil and Rosemarie Davis*
David Dowd
John P. Doyle +
Ted and Mary Ann Fathauer*
Nathan I. Gerson+
John C. Hughes
Mary K. Hughes and Andrew Eker
Leonard and Tannie Hyde
Marshall and Lois Lind
Edward and Cathryn Rasmuson
Mary Louise Rasmuson
Paul and Terry Reichardt*
Jon Rubini and Suzanne La Pierre
William and Patricia Sackinger
David and Alexandra Sonneborn
Elizabeth A. Tower
Aaron H. Townsend+
Alan and Marilyn Townsend
Penny Morris Vasileff
Frankie Wakefield+
Candace G. Waugaman
W. Dean and Ana Weidner
AFRL Sensors Directorate
Alaska Aerospace Development
Corporation
Alaska Airlines
Alaska Heart Institute Research Foundation
Alaska Kidney Foundation
Alaska Ocean Seafood
Alyeska Pipeline Service Company*
American Seafoods Company
Arctic Storm
Atwood Foundation
Bartlett Regional Hospital
Bentley Family Trust
Benton Bay Lions Club
Blue Waters Foundation
BP*
CARRS/Safeway
Chenega Corporation
ConocoPhillips Alaska*
Crook Trust
Fairbanks Memorial Hospital
Denali Center*
First National Bank Alaska
Flint Hills Resources Alaska
Ford Foundation
Glacier Fish Company
Golden Alaska Seafoods
Highland Light
Hugh & Jane Ferguson
Foundation
JL Properties
Liz Claiborne & Art Ortenberg Foundation
Luther Hess Trust
Mat-Su Regional Medical Center
Microsoft Corporation
Northrim Bank
Peter Pan Seafoods
Providence Alaska Medical Center
Providence Health System
in Alaska
Providence Kodiak Island
Medical Center
Rasmuson Foundation
Siemens Building Technologies
Starbound
Tohoku University
Totem Ocean Trailer Express
Trident Seafoods
Trimble Navigation
Weidner Investment Services
Wells Fargo
individuals
Elizabeth M. Berry+
Mary E. Binkley
Gretchen Gordon and
Gary Breen*
Clyde Bullion and June George
Mike and Rebecca Burns
Leo and Jeanne Bustad
Dan Christensen
Chancy and Toni Croft
E. R. Dolly Dieter
Derek Sjostrom and
Jennifer Flight
Scott B. French
Marie George
Michael and Carol Griffin
Lawrence Haines and
Jan Petri-Haines
Linda Hulbert*
Stephen and Judith Jones*
David R. Klein
Michael J. Knavel
Carl Marrs
Joylene Marrs
David and Mary Miller
Bob and Heather Mitchell
Delores Nerland
Patrick and Sandra O’Neill
Ralph Gabrielli and
Wendy Redman*
David and Marjorie Rehfeldt
K. Olin and Edna Rude+
Rita N. Sholton
Melissa and George Sternod
Ann W. Stockman
John Strohmeyer and Sylvia
Broady Strohmeyer
Marilyn Talmage
Kevin M. Tomera Jr.
Trig Trigiano
Joseph E. Usibelli and
Peggy Shumaker*
Jan and Jeraldine van den Top
Margret E. Van Flein*
Bob and LaVonne Vogt
William and Emily Wennen*
Annegret and Stephen Wilder+
10th & M Seafood
Alaska Club
Alaska Coffee Roaster Co.*
Alaska Distributors
Alaska Fire Chiefs Association
Alaska Humanities Forum
Alaska International Education Foundation
Alaska Native Medical Center Auxillary
Alaska Natural History Assoc
Alaska State Homebuilders
Association
Alyeska Resort Management
Anchorage Economic
Development Corporation
Arctic Slope Regional Corporation*
Associated General Contractors of Alaska
Capital Office Systems/Supply
Cruise West
Denali State Bank*
Design Alaska*
Diamond Airport Parking
Fairbanks Convention &
Visitors Bureau
Friends of Nanook Swimming
Gastineau Guiding Co.
Grayline of Alaska
Holiday Stationstores
Homer Foundation
Horizon Lines
Horizons Cafe & Catering
Kennecott Greens Creek
Mining Co.
McKinley Capital Management
Millennium Alaska Hotel
NANA Regional Corp.
New Balance
Pacific Northwest Newspaper Foundation
Radiology Consultants
Riverboat Discovery/
El Dorado Gold Mine
Round Table Pizza
Seibu Alaska
Sholton Foundation
Sourdough Fuel*
Sourdough Mining
Stack Company*
State of Alaska - Dept. of
Transportation & Public Facilities*
State of Alaska Department
of Education and Early
Development
SunGard SCT
T. Rowe Price*
The Blue Loon*
The Nerland Trust
The Stanton D. and Ernestine J. Bennett Charitable Trust
The Superior Group
UAA Book Store
USKH
USTravel
Westmark Anchorage Hotel
Wilder Construction Company
aurora circle
Recognizes those individuals who made gifts or pledges of $10,000 to $19,999 and those organizations that made gifts or pledges of $10,000 to $49,999 in FY07.
individuals
Carl and Ruth Benson*
J. Michael Carroll M.D. and
Ginger Carroll*
J. Robert Claus
Katherine A. Finstuen
Bruce J. Hayward
Donn and Constance Huber+*
Edward J. Morgan+
Jim Moss
David E. Nerland
Paul Nurse
Thomas A. and Victoria F. Packer
Ann and Al Parrish
Grace Berg Schaible*
Arnold and Patricia Snyder
Terry T. Waltman
Bill and Helga Watterson
Norman and Kathleen Wilder
Spencer James Zeiger
Abbott Laboratories
Alaska Air Show Association
Alaska Council on Economic Education
Alaska Democratic Party*
+Denotes Deceased
Alaska Dental Society
Alaska Sales & Service
Alfred P. Sloan Foundation
Anaconda Sports
Anchorage Chrysler Dodge Center
Anchorage Daily News
Anchorage Marriott
Army National Guard
AT&T
AT&T Alascom
Avis Rent A Car
Blockbuster Video
Cellular One*
CH2M Hill
ChevronTexaco Products
Company
Clarion & Hawthorne Suites
Comprehensive Nuclear-Test-Ban
Treaty Organization
Costco Wholesale
ERA Aviation
Extended Stay Hotels
Fairbanks Cancer Treatment Center*
Ferno Medical
GCI
Golden Valley Electric
Association*
Hach Scientific Foundation
Hilton Anchorage
Holland America Line
Hotel Captain Cook
International Brotherhood of
Electrical Workers
Ito Foundation USA
Jessie O’Bryan McIntosh Trust
Juneau Rotary Club
K & L Distributors
KeyBank
KeyBank of Alaska
Nerland Agency Worldwide Partners
NYE Frontier Family of
Dealerships
Pepsi-Cola
Petro Star*
Princess Tours
Prudential Jack White/Vista
Real Estate
Rebounders Booster Club
Research Corporation of the University of Hawaii
Seawolf Dining
Sheraton Anchorage Hotel
Southeast Conference
Spenard Builders Supply*
Subway of Alaska
Summit Consulting Services
Tanana Valley Medical Surgical Group Inc
Teck Cominco Alaska
The Boeing Company
The Frances & David Rose Foundation
The Marian R. Schamel Trust
The Official ACS Directory
The Rosemarie Davis Trust
The Seattle Foundation
UAA Hockey Alumni Association
UAF Alumni Association
UAS Alumni Association
VECO
Vito Auto Sales
Wendy’s North-Wend Foods
glacier circle
Recognizes those individuals and organizations that made gifts or pledges of $2,500 to $4,999 in FY07.
individuals
Steve and Melissa Adams
M. Barbara Annan
Barbara Annen
Lois J. Ante
James Bowers
Alison E. Browne
Eric P. Buetow*
Jerry and Barbara Burnett
Omer and Carol Carey
Alan and Mary Christopherson
Richard L. Collins*
Douglas and Marcel Colp*
Jeffry and Susan Cook*
Richard and Nora Dauenhauer
Dennis W. Dawson
Leonie H. Deramus*
C. John and Lynn Ann Eng
Ervon and Barbara Fairbanks
David S. Grauman*
Robert and Deana Hale
Shenandoah and Joseph Herda
Philip A. Hoffman
Paul and Birgit Hunter
Elizabeth A. Kohnen*
Linda P. Lazzell
Michael Krauss and
Margaret Lee*
Sue Linford
Anya J. Maier
Elaine and Mort Maimon
Stewart and Sheila Mee
Peter and Jo Michalski
Susan and Martin Miller*
Toshimi Okada
Jim Olson and Bobbi
Ramos Olson
Link Olson and Sylvan Robb*
Michael and Donna Patrick*
Charles W. Lemke and
Phyllis Pendergrast*
Ron Plantz
Michael Powers and
Teri Spires*
John and Margaret Pugh
Jack and Martha Roderick
Alberto and E.W. Rodriguez*
Joseph H. O. Roth
Leif Selkregg and Laura Myntti
Kevin J. Silver
C. Dan Stears
Virginia and Charles Stears
Robert and Christine Urata
Priscilla and Wilson Valentine
Charles and Carolyne Wallace*
Richard W. Welling
Henry and Karin Wilson
Phil and Pamela Younker*
Jerry and Barbara Zelenka
Active Ankle Systems
Alaska Aviation Toxicology*
Alaska Community Foundation
Alaska Distributors Co.
Alaska Native Tribal
Health Consortium
Alaska to America Energy
Initiative
Alaska Yukon Pioneers
Alaskan Memories
Alcan Builders*
Anchorage Convention
& Visitors Bureau
Aramark
Bagoy’s Florist
Breast Cancer Detection Center
Coca Cola Bottling Company
Coca-Cola Bottlers Foundation
College Rotary Club
Doyon Universal Services
Doyon
Duszynski and Associates*
Ear, Nose & Throat Clinic*
Fairbanks Economic
Development Corporation*
Frito Lay
Full Swing Golf of Alaska
Harriet Hess Trust
Hilltop Youth
Hiroshi Takano - MEIWA Co.
IKON Office Solutions of Alaska
International Business
Machines Corporation
Kiwanis Club of Fairbanks*
Linford of Alaska
Due to publications space limitations, the list of Jade Club, Forget-Me-Not Club and University
Club can be found on the Foundation’s Web site: www.alaska.edu/foundation/donor_relations.
Loyal Order of the Golden North
Magic Bus
Marion Weeks Charitable Trust*
Muffin Man Cafe 817
National Association of
State Foresters
Fairbanks Optimist Club
PEO Sisterhood Chapter D
PEO Sisterhood Chapter G
PND Consulting Engineers
Premera Blue Cross Blue Shield of Alaska*
R & R Scaffold Erectors
Rise Alaska
Sea Galley Restaurant
State Farm Insurance
Stellar Designs
Super Signs
The Northern Light
Triad Engineering
UA 529 College Savings Plan
UAS Student Government
Valley Medical Care
+Denotes Deceased
2006-2007 DONORS FY07
If one gift can have such significance, imagine the magnitude of many donors
joining together to support a common purpose. Our FY07 donors have done just
that – and the result is nothing short of inspiring.
DONORS FY07
18
C H A N C E L L O R ’ S circle
Recognizes those individuals and organizations who made gifts or pledges of $1,000 to $2,499 in FY07.
individuals
Vera Alexander
Bill J. Allen
Dede Allen
Donna J. Allen*
Karla and Steve Allwine
Joe Alston
Richard and Bertha Astorga
Helen L. Atkinson
Raymond P. Bailey
Rosanne Bailey
Gary and Carrie Baldwin
Tim Barnett
Dan Rivera and Darla Barton
Carla J. Beam
Margaret Bear
Virginia Bedford and Peter Finnoff
Jane H. Behlke*
Earl Beistline
William and Andrea Benitz
F. Lawrence and Margaret Bennett*
Carol and Myles Berg
Charles Bettisworth and
Karen Perdue*
John and Judy Binkley*
Mary Ann Borchert*
Ivy Spohnholz and Troy Bowler
Donna G. Bozeman
Joan and Douglas Braddock*
Al Bramstedt
Susan R. Bramstedt
James and Dawn Brashear*
Aisha Tinker Bray and
Jonathan Bray
J. Stephen Brecht
Georgiana W. Brennen
Betty Lou E. Broderick
Anne Brooks
Steven and Jen Buchanan
Robert and Anne Bulmer
Robert W. and Joan L. Bundtzen
Denise M. Burger
Lloyd Burgess+
Wanda Burgess
Bruce and Linda Bustamante
Sandra and Dennis Camp
Rocky and Joanne Capozzi
Janet and Axel Carlson*
Megan and Rodney Carlson
Renee Carter-Chapman
Thomas and Susan Case
Richard and Anne Caulfield*
Rob Cermak and Katherine
Hedstrom*
Tania Clucas and John Lowe*
Steve Cobb and Sandra
Carroll-Cobb
Patrick B. Cole
Carol and Dennis Comeau
+Denotes Deceased
Steven and Karen Compton
Leland D. Corkran*
Fuller A. and Christmas Cowell
John and Anthea Craven
Jill A. Crosby
Barbara Norton and Bradley Cruz
Lucy and George Cutting
George and Ruth Danner
Norm and Kim Davis
Don Hopwood and Leslie Dean
John Dede
John and Tina DeLapp
Richard and Mary Dent
Kristin A. DeSmith
James and Nancy DeWitt*
Donna L. Dinsmore*
Diane DiSanto and John Sroufe
Timothy W. Doebler
James and Marilyn Drew
Michael A. Driscoll and Rebecca Young Driscoll
Dale A. Durrwachter*
Terence L. Duszynski*
Cheryl E. Easley
Mark and Linda Eliason
Nancy L. Eliason
Carolyn R. Ellingwood and
Dave Bateman
Gladys and Stan Exeter
Janet and Richard Faulkner
Charles Fedullo and
Shannon McCarthy
Heather Flynn
Thomas M. Flynn
Tony Follett
Karen and James Foote*
Hal Foster
Conrad Frank
Kathleen A. Frederick
Bruce W. Furness
Sharon and Bruce Gagnon
Anthony F. Gasbarro
Keith and Susan Gaudin*
Andrew and Amber Gichard
Jacqueline and John Goering
Scott and Yvonne Goldsmith
Kate Gordon
Lee and Ann Gorsuch
Roland E. Gower
Maggie and John Griscavage
Kathryn L. Gruenig
Timothy and Christi Grussendorf
Don Gursey
Gregory and Wendy Gursey
Rosemary A. Hagevig
Cathleen and Ned Hahn
Christopher and Deadra Hall
Mark and Patricia Hamilton
Mary Ann Hanson
Larry and Carmen Harris
James C. and M. Chris Hayes
Joan A. Heflinger
Joseph and Aletha Henri
L. Michael Cheek and
Susan Henrichs*
A.G. Hiebert+
PJ Hill and Mimi Hogan
Alex Hills
Cathleen and Mark Hollowell
Betty J. Hood
David Howenstein
Ronald K. Inouye*
Josh and Tammy Jennett
Walter John and Sharon Richards
James and Mary Johnsen*
Douglas and Ruth Johnson
Lynne and Lloyd Johnson
Rhonda Johnson and
Don Bertolette
Stephen Johnson
Steven Johnson and
Shawnalee Whitney
Harold and Sydney Johnston
Aldona Jonaitis*
Melvin Kalkowski and
Sharilyn Mumaw
Theodore L. and Marjorie
R. Kassier
Patty Kastelic and Sam Stoker*
Cary S. Keller, M.D. Sports Medicine Fairbanks*
Maggie Kelly
John and Barbara Killian
James and Mary Lou King
Bob Kizer
Karen Kluesner
Gunnar and Alice Knapp
David Kolesky and
Barbara DeMarco
Rosanne T. Kruckenberg
Katya G. Kuznetsova
David and Pamela Kyzer
Brendan and Nettie La
Belle-Hamer
Herbert and Marianne Lang
Rob Lang
Marc and Sandy Langland
Barbara A. Lavallee
Marie J. Lavigne
David and Betsy Lawer
Rosemary V. Leary
Stephen Leider and Ilona Barber
Steve Lindbeck and Patty Ginsburg
Jerry Lipka and Janet Schichnes*
James Liszka and Genie Babb
Jerry and Christa Little
Jim and Cindie Little
Elaine and Lyn Lockhart Mummery
Richard Lonn and Ellen Ganley*
Eric and Debra Lopez
Dirk Lummerzheim*
Carole L. Lund
Stephen M. Maloney
Richard Kullberg and
Kristine Mann
Lyle and Susan Marchant
Stacey L. Marsh
Brooke and Wilda Marston
Keith and Heidi Martin*
Julia and Steve Martinez
Robert and Marcia Maxwell
Ramona and Shane McAfee
Paul and Lucy McCarthy
Gloria M. McCutcheon
Michael and Kathy McGowan
Dennis and Stephanie McMillian
Barry and Dorli McWayne*
Sally Mead
Ching-I and Martha Meng
Carline and Phillip Miller
Tom and Cathy Miller
William and Elaine Mills
Laura Milner and Barbara Brooks*
Craig Mishler
Mary M. Mitchell*
Nicole Mölders and
Gerhard Kramm
Thomas Monk and Vanita
Thomsen
James and Phyllis Movius*
Todd and Tracey Mueller
Anthony and Lynette
Nakazawa*
Harry and Leslie Need
Jo Ann and Rick Nelson
Rick and Leslie Nerland
Julie and Peter Neyhart
Mary Ann Nickles*
Tlisa and Scott Northcutt
Eric Noyes and Mimi Gendreau
Katherine and G. John
Nussbaumer
Donald and Jan O’Dowd
Philip and Pamela Okeson
Megan and Brad Olson
Bradley and Melanie Osborne
John and Madge Oswald
David J. Parks
Albert and Vicki Parrish
Becky Patterson-Turner
Richard Pauley
John and Beth Peirce
Greg and Laura Petrowich*
Elizabeth Anne Pettit
Jim and Anne Picard
Ellis H. Pickett
Charles and Ann Pilch
Victoria L. Pohl
William Pollack and Marsha Padwa
Jerry and Daryl Pollock
John C. “Jake” and Janice Poole*
David O. Porter*
James and Karla Powell
Chris E. Prince
Jane and Jang Ra
Max and Lisa Rabinowitz
David S. Ramseur
Sarah E. Ramuglia
David W. Rand and DeAnne M. (Gardman) Rand
Robert and Virginia Rausch
Dave Mobratten*
George and Amy Rhyneer
Jeff and Katie Roe
Juan and Beatriz Roederer*
Brian Rogers and
Sherry Modrow*
Richard and Ann Rohr
Steve and Sandra Rollins
Beth Rose and John Levy
Mary and Johnny Rutherford*
Sandra M. Samaniego
Amanda and Giorgio Saxton
Angela Schmidt and
Chris Miller*
Bruce R. Schultz
Peter and Joanne Schust
Dick and Jo Scott
Irene M. Seavy
Richard and Patricia Seifert*
Jeannine D. Senechal*
Cary and Tabitha Sinnett
Jaime and Eric Smith*
Kelly and Myrnel Smith
Roger and Isabella Smith*
Sally Smith
Steve and Jane Smith
Terri and Theron Smith
Alice M. Snodgrass
Bret Haering and
Molly Southworth
Virginia V. Sparling
Ronald Spatz
William and Dianne Spindle
Deborah and Dennis Stauffer
Roberta Stell
Stephen and Paula Strom
Arliss Sturgulewski
Fred and Laurel Stutzer
C Yvonne and Richard Sumner
Hiroyuki Tajika
Dorothy M. Temmer
Eileen S. Thompson
Kelly Thorngren
Diane M. Tracy and Family
Joe and Ann Tremarello
Christopher Turletes and
Cheryl Stewart
Fran Ulmer and Bill Council
Joseph and Marilyn Usibelli
Dennis and Marcia Valenzeno
Christopher Lockwood Vaughan
Carolyn and Frederick Voss
Jay and Carrie Weaver
Rick and Debbie Weems
David N. Whitaker
Jim and Jinx Whitaker*
Rosemary K. Whitaker
Gwendolyn D. White
Kirk Wickersham
Denis and Jean Wiesenburg*
Jeri and Eric Wigdahl
Gregory Wilcox and
Candis Richmond
Ellen Wilson
Kevin Winker and Rose Meier*
Nadine Winters*
Eric and Caroline Wohlforth
Glenna J. Wood
Josie Wooding*
Geoffrey and Dorothee Wool
Judith Zundel
3 Point Booster Club
A Weaver’s Yarn*
Accurate Import Center
Acoustic Adventures*
Acuren
Adamas Jewelry Co.*
Alaska Association of
Environmental Professionals
Alaska Broadcasting Company
Alaska Electric Light & Power Co.
Alaska First Community Bank
& Trust
Alaska Hospitality Alliance
Alaska Industrial Development
and Export Authority
Alaska Library Association
Northern Chapter
Alaska Regional Hospital
Alaska Retired Educators’
Association
Alaska Rock Gym
Alaska School Activities
Association
Alaska State Medical Association
Alaska Trappers Association
Alex Hills Associates
AMC Engineers
Anderson Group*
ASCE Alaska Section
ATS Alaska
Bayer CropScience
Ben Franklin Crafts*
Brews Brothers
C.R. Foss Living Trust
Cabin Fever Quilters Guild*
Chena Goldstream Volunteer
Fire Department
Cook, Schuhmann, and Groseclose
Cornerstone Construction
CP Anchorage Hotel 2
Davis Constructors and Engineers
Denali National Park Wilderness Center*
DiTomaso
Eight Stars A & M*
ESS Support Services Worldwide
Fairbanks Gold Mining*
Fairbanks North Star Borough*
Fairbanks Sand and Gravel*
Fairbanks Symphony Association*
Fairbanks Urgent Care Center
Fast Break Club
Fountainhead Development
GM/Aurora Motors*
Habitat Housewares
Hawk Consultants
Hoffer Glass*
Hot Licks Homemade Ice Cream
Information Insights
Interior Fire Chiefs Association
International Sourdough Reunion
Kenai River Rotary Club
of Soldotna
Knights of Columbus
KTVF Channel 11
LuLu’s Bread & Bagel*
Machamer Charitable Fund
Meridian Management
Metropolitan Garage*
Mt McKinley Mutual
Savings Bank*
Museum Donation Box
Nome Bar Owner’s Association
North Pole Rotary Club
North Star Volunteer
Fire Dept., Inc.
Northern Air Cargo
Northland Wood*
Odom Corporation
Olgoonik Corporation
Patrick Mechanical Inc.
PEO Sisterhood Chapter H
PFLAG Fairbanks*
Phone Directories Company*
Prince William Sound
Science Center
Ramona Munsell & Associates
Rebounders Club
ResCap Community Relations
Rotary Club of Fairbanks
Royal Caribbean International
& Celebrity Cruises
Schlumberger Oilfield Services
Schlumberger Technology Corp.
Schwab Fund for Charitable Giving
Sealaska Corporation
Skinny Raven Sports
Society of American
Foresters-Cook Inlet Chapter
Society of American Foresters-
Dixon Entrance Chapter
Society of Petroleum Engineers
Soldotna Rotary Club
Steese Area Volunteer Fire
Department
Superior Hardwoods*
Swalling Construction
Sysco Food Services of Seattle
Temmer Family Trust
The Andrew’s Group
The Jewelry Cache
The Vital Touch
UAS Student Alumni Association
Unitarian Universalist Fellowship of Fairbanks*
United Student Aid Funds
Usibelli Foundation
Vanguard Charitable Endowment Program
Women of the Moose
Beatrice and Irving Zeiger Foundation
+Denotes Deceased
2006-2007 DONORS FY07
2006-2007 DONORS FY07
17
LEGACY SOCIETY
LEGACY SOCIETY
Recognizes those individuals who have provided for the university through their wills or estate plans.
individuals
Saradell Ard
Darla “Dolly” Barton
Isabel Beeler+
Mark Beltz+
Bill Benitz
Kaare Birkeland+
Erma Bolick+
Mary Ann Borchert
Douglas Braddock
Joan Braddock
Alison Browne
Joan Bundtzen
Robert Bundtzen
Mary Emily Carlson+
Richard Cattanach
J. Robert Claus+
Patrick B. Cole
Judith Collins
Caroline Coons+
Lesley Croxton
Loren Croxton
Mary Croxton
Barbara Day
Frederica de Laguna+
Jim Dixon
John Doyle+
Lynn Drewery+
Heather Flynn
Janet Fredericks+
Marie George+
Ralph Clinton George+
Nathan Gerson+
Wilbur Green
Renee Gross
Gregory Gursey
Lawrence Haines
Allan Hansen
Lorie Hovanec
John Howard
Anne Huber
Douglas Huber
Lois Irvin+
Jean Kirsch
Lee Kramer
Alice Kull+
Kirk Lanterman
Marie J. Lavigne
Richard Lee+
Jane Madison
Willis Madison
Louise Mawe+
Ruth McHenry
Dennis McMillian
W. F. Meek+
Arnold Muldoon+
Patrick H. O’Neill
Jean Parsons
Andrew Payne
Gwen Payne
Maynard Perkins
Jan Petri Haines
Shirley Phelps
Rachel Pike
Roxolana Pomeroy
David Porter
Linda Porter
John E. “Jack” Randall II
Elmer E. Rasmuson+
Leo Rhode+
Alberto Rodriguez
Edwina W. Rodriguez
Brian Rogers
Dale Rusnell+
Evelyn M. (Sally) Rusnell
John Ryer
Patricia Satre
20
3
BENEFITING THE UNIVERSITY
through your estate plans
One of the easiest ways to make a significant and lasting gift to the University of Alaska is to provide for the
Grace Berg Schaible
Julie Scott
Irene M. Seavy
William Sebulsky
Richard Sewell
Rumi Smith
Timothy Smith
Oro Stewart+
Ann Stockman
J. Clifford Stone
Scott Taylor
Lowell Thomas
Tay Thomas
Christopher Lockwood Vaughan
Frankie Wakefield+
Carolyne Wallace
Chick Wallace
Candace Waugaman
Charles West+
Thomas S. Wolf
Karla Zervos
Larry Zervos
university in your will or estate plans. You can specify that a certain sum can come from your estate to the
university (a specific bequest), or that a percentage of your estate, after other specific bequests have been made,
comes to UA (a residual percentage bequest). Either type of bequest can be done very simply by adding
language similar to that provided below when the will or trust is being drafted by your attorney. You may also
decide whether you wish your bequest to be used to establish a perpetual endowment or a fund to be fully expended
by the university. In making this decision, the size of the bequest becomes important as there is a minimum
amount (currently $25,000) needed to establish perpetual endowment funds.
Your attorney may find the following language helpful when drafting bequest provisions to accomplish your estate
gift to the University of Alaska:
“I hereby give to the University of Alaska Foundation, a tax-exempt organization as described under Subsection
501(c) (3) of the Internal Revenue Code, located in Fairbanks, Alaska, (for a specific bequest) the sum of $_____
(or for a residual percentage bequest “____% of my residual estate”), to be used (if for the establishment of an
+Denotes Deceased
endowment), should the size of this bequest be sufficient, to establish an endowment, (remaining language for
all types of bequests) in support of (Department or College or other purpose) at the University of Alaska (Fairbanks,
Anchorage, Southeast or leave blank to apply to the entire University System).”
Donors should always consult with their attorney when drafting wills and other legal documents and with their
financial advisers when preparing estate plans.
Bequests are not only “painless” since they occur after your death, but they also can result in significant estate tax
savings depending on your financial situation. If the bequest is used to establish an endowment, it can also provide
a bit of immortality to your name and act as a perpetual reminder to your heirs and others of your lasting support
of the University of Alaska.
The Legacy Society is one way we recognize and thank those individuals who provide for the university through
their will or estate plans. If you have already included the university in your will or estate plans, please let the
Campus Development Office know so we can thank you.
2 0 0 6 - 2 0 0 7 E S TAT E G I V I N G
2006-2007 LEGACY SOCIETY
19
LE G A C Y S O C IETY
By making gifts or pledges through estate planning, the members of our Legacy
Society have made a commitment that promises to benefit our students and our
state for many years to come – leaving a truly lasting legacy.
2 0 0 6 - 2 0 0 7 WAY S O F G I V I N G
21
B e q uests
You can make a cash gift, which includes checks and credit
Making a bequest in your will is another way to show
card payments, to the UA Foundation. These types of gifts
support of the university. A bequest is a section of a will
may be made online, in person or through the mail.
directing the executor of the estate to make a gift from
the donor’s assets to a particular person or institution.
S tock
W AY S O F G I V I N G
Your gift to the UA Foundation is more than just a donation. It’s a way to help students achieve
their dreams. Enable Alaskans to attain a top-quality education – right here at home. Bring relevant
academic programs to Alaska. And make the difference between a good university – and a great one.
The UA Foundation accepts gifts of publicly-traded stock
Bequests may be used to provide gifts of money, real
and, in some situations, closely held stock. This giving
estate, stocks or even art or jewelry. They may also be used
option may provide significant tax advantages, so be sure
to establish charitable trusts.
to talk with your accountant or financial adviser.
There is great flexibility when making a bequest to the
L ife I nsurance
By naming the UA Foundation as beneficiary to your life
insurance policy, you can provide funds in the future. Or
Supporting UA can provide significant financial benefits to you, as well. If you itemize on your taxes,
you can donate the entire policy to the Foundation and,
you may be able to claim a federal charitable tax deduction. And, if your company pays state taxes of
in return, take a charitable deduction for the cash value of
any kind, you may be eligible for a tax credit of up to $150,000 annually.
the policy. You may also be able to deduct any premium
payments made to maintain the policy after the transfer.
There are numerous ways to give to UA, and you can direct your gift anywhere you choose – to a
specific program, scholarship or UA campus. Or you can give an unrestricted gift, which allows UA
to utilize your contribution in the area of greatest need.
or the Campus Development Office (see back cover).
scholarship, faculty chair or equipment purchase. The gift
may even be used to establish an endowment. To ensure
the bequest will accomplish what you envision, you should
ideally consult with both an attorney and the university
prior to making a bequest.
The UA Foundation can accept gifts of personal property,
Also, as there is specific language that must be used when
including jewelry and art, if the item can be used to
making a bequest, it is recommended you have an attorney
directly benefit the university or if it can be converted to
either draft or review the wording before the will is signed.
liquid assets.
For examples of bequest wording, visit www.alaska.edu.
R eal P roperty
C haritable R emainder T rust
Gifts of real property are very beneficial to the university,
A charitable remainder trust allows you to transfer funds
as they can be used for educational purposes or sold to
or properties to the UA Foundation, which will then invest
support other programs. Plus, by gifting real property,
the value of the donation. In turn, you will become a
you may be eligible for significant tax benefits. For
beneficiary of regular payments for a specified time period.
of the property from your federal income taxes – up to
For additional information about ways of giving, please contact the UA Foundation
a particular campus, department or program, or a specific
P ersonal P roperty
example, you may be able to deduct the fair market value
L earn M ore
university. You may specify the bequest be used to benefit
C haritable G ift A nnuities
A charitable gift annuity enables you to make a gift to the
30 percent of your adjusted gross income – and you can
UA Foundation and receive fixed annual payments for life.
spread the deduction over a five-year period. This type of
In addition to the annual payments, there may also be tax
gift also frees you from property tax payments and allows
benefits, including income tax deductions, tax-free income
you to avoid paying capital gains tax if you sell.
payments and reduced capital gain taxes. Talk with your
accountant to find out more about the benefits of this type
of gift.
22
2 0 0 6 - 2 0 0 7 WAY S O F G I V I N G
C ash
When John Hughes and his daughter, Mary Hughes, made their generous $276,000 contribution to the UA
daughter chose to donate their individual interests in a Fairbanks real estate partnership. “The Hughes family has
24
2 0 0 6 - 2 0 0 7 E S TAT E P L A N G I V I N G
made a very special and unique gift,” said Mary Rutherford, president of the UA Foundation. “Supporting the
2 0 0 6 - 2 0 0 7 E S TAT E G I V I N G S T O RY: H U G H E S FA M I LY
Foundation recently, they did not write a check, count out cash or even use a credit card. Instead, the father and
23
university through gifts of real estate or stocks benefits not only our students, but offers significant tax benefits to
the donor.”
The proceeds of the Hughes’ gift will be used to benefit the Patricia Ann Hughes Eastaugh Memorial Teaching
Scholarship, which covers tuition, books, and room/board for the education of aspiring teachers at UA. “As a
public institution serving the state, it is the university’s desire to make education accessible to all Alaskans,” said
UA president Mark Hamilton. “Private support, like that provided by the Hughes family, helps reduce students’
reliance on personal debt to achieve their educational goals.”
The endowed scholarship was created in 1999 by John Hughes and his late wife, Marjorie, in honor of their
late daughter, Patricia Ann Hughes Eastaugh, a UA graduate. The “Patti Ann” scholarship is awarded to
outstanding Alaskan high school graduates who wish to remain in Alaska and teach. The nine “Patti Ann”
scholars were raised in communities across Alaska − Ekwok, New Stoyuhuk, Kake, Wrangell, Unalaska, as well
as Anchorage, Chugiak and Palmer. “The university has been an important part of our family’s life,” John Hughes
said. “It has provided an excellent educational experience not only for our daughters, but for thousands of other
Alaska students.”
Over the years, the Hughes family has continued to support the fund and, today, more than $40,000 is available
annually for scholarships. Two “Patti Ann” scholars have already graduated and are teaching in Alaska.
From left to right: Matilda Kazimirowicz, graduate of Mt. Edgecomb HS,
Junior in Elementary Education; Mary Hughes; John Hughes; Rochelle
Wohnolz, graduate of Chief Ivan Blunka School, Freshman in Elementary
Education; Aidee Rodriguez, graduate of Unalaska High School, Sophomore
in elementary education. “Patti Ann” scholars Crystal Blunka (UAF Bristol
Bay) and Avery Grossardt (UAS) are not pictured.
“The university has been an important part of our
family’s life. It has provided an excellent educational
experience not only for our daughters, but for thousands
of other Alaska students.”
“Our family is proud to support the university because so many Alaskans benefit from the opportunities UA
offers,” Mary Hughes said. “Our personal involvement and financial support are ways we can share in the
university’s success in enriching the lives of Alaskans.”
JOHN HUGHES
G I V I N G A P P R E C I AT E D A S S E T S
J ohn H ughes and M ary H ughes
John Hughes and his daughter, Mary, share a long history of supporting UA. John Hughes was one of three Alaskans credited
with establishing the UA Foundation in 1974, while Mary Hughes, a UA alumna, is the current chair of the UA Board of
Regents and has served as a UA Foundation board trustee since 1990. “The Hughes family has given countless hours of service
to the university and has also demonstrated its commitment through financial generosity,” said UA president Mark Hamilton.
“Without question, the Hughes family is making Alaska a better place, both today and well into the future.”
The father and daughter are also well-known within Alaska’s legal profession. John Hughes, who began practicing law on
Kodiak Island in the late 1940s, moved to Anchorage in 1951, where he became a partner of Davis, Renfrew & Hughes
(now Hughes Pfiffner Gorski Seedorf & Odsen LLC). He retired in 1985. A life-long proponent of education, he served for
many years on both the Kodiak and Anchorage School District boards. Mary Hughes is also a former Hughes law firm partner
and Anchorage Municipal Attorney. She most recently served as the Alaska State Director in the Office of U.S. Senator Lisa
Murkowski and hosts a weekly radio show on AM 700 KBYR. She is also a member of the boards of trustees of the Alaska
Humanities Forum and Willamette University.
CONNECTING
WITH CANADA
ta x benefits of gifts
of appreciated property such as stock or real estate
1962
100 shares of XYZ Stock (or real estate) for $10/share.
“Having an endowment
guarantees that our small,
but successful, program
will always be able to
contribute to UAA and
the community.”
Dr. Dorn Van Dommelein,
program chair
26
R educe Y our business Ta x es
with a contribution to the UA Foundation
Did you know you can save big on your tax bill by making a contribution
to the UA Foundation? With the Alaska Higher Education Tax Credit,
you may claim up to 50 percent of the first $100,000 gift and up to
100 percent of the next $100,000. That means with a gift of $200,000,
you can save $167,500 in taxes! At the same time, you’ll be supporting a
strong state university system – which benefits us all.
1963–
2006
During her travels through-
Stock (or real estate) goes up in value, splits etc.
out Alaska and Canada, Dr.
You’re eligible for the tax credit if you or your corporation pays any of
Elizabeth “Betsy” Tower
these taxes to the State of Alaska:
developed an avid interest in
2007
Stock (or real estate) is donated to the Foundation. Due to
appreciation, the stock or real estate is now worth $10,000.
Total donation Value: $10,000
our closest neighbor, leading
• Income Tax
• Insurance Premium Tax/Title Insurance Premium Tax
• Oil and Gas Property Tax
• Oil and Gas Production Tax
“I felt it was important for
• Fisheries Business Tax/Fisheries Landing Tax
UAA to continue to have a
• Mining License Tax
her to make a $110,000
contribution to UAA’s
Canadian studies program.
2007
A federal income tax savings of $2,800 for this gift.
(28% of the gift value: $10,000 X 28% = $2,800)
Canadian studies program
because of Alaska’s close
2007
A federal capital gains tax savings of
$1,350 for this gift, equal to 15% of
gain on stock (or real estate):
Original Value: $1,000
Current Value: $10,000
Gain
$9,000
X 15% =
2007
$ 1,350
Donation amount to the university:
Cost of this donation to the donor:
$10,000
$5,850
Income tax savings:
Capital gains tax savings:
$10,000
(2,800)
(1,350)
Total $5,850
relationship with Canada,”
Dr. Tower said.
In addition to growing
awareness of the program,
Dr. Tower’s gift creates an
endowment to sustain it in
the future.
For more information, contact Jennifer Simeonoff, Corporate & Foundation
Relations Manager, at 907.786.1146 or [email protected].
2 0 0 6 - 2 0 0 7 R E D U C E Y O U R TA X E S
2 0 0 6 - 2 0 0 7 TA X B E N E F I T S
25
Keeping the best and brightest students here in Alaska is one of UA’s top priorities – and offering high-
provide undergraduate research opportunities,” said Ronald Spatz, dean of the University Honors College
at UAA. “It is critical for UA to do the same if we’re going to remain competitive and attract and retain the
brightest students.”
PA U L B I L O D E A U ,
MECHANICAL ENGINEERING STUDENT
The Dr. Alex Hills Engineering Research Award, founded by Alaska engineer Dr. Alex Hills, is working to
do just that. The competitive award, administered by the Office of Undergraduate Research and Scholarship
(OURS), provides funding to a UAA undergraduate engineering student undertaking a research project
showing exceptional merit. “I was interested in helping with academic excellence at UAA, and I was
impressed with the University Honors College, which supports OURS. With my background in engineering,
I wanted an award to focus on engineering,” Dr. Hills said. “This gift allowed me to bring these interests
together and make an impact on students.”
Last year, two impressive award applications came across the desk at OURS. One project, proposed by
PHOTO BY MIKE DINNEEN
mechanical engineering student Paul Bilodeau, aimed to model and test mechanisms that amplify input
motion. The other project, proposed by civil engineering student Jenny Jemison, looked to harness the
powerful tidal energy of the Cook Inlet. “Both of these proposals were so exceptional that, with the assistance
of the Undergraduate Research Fund, we were able to award both students with full project support and
stipends,” Dean Spatz said.
This year’s award recipient, Samantha Tanner, is evaluating undergraduate surveying education in Alaska.
She hopes to determine the reasons for low retention and completion rates, and suggest changes to improve
“I hope to continue similar
research in graduate school, and
the Dr. Alex Hills Engineering
Research Award opens that door
for me.” J E N N Y J E M I S O N ,
CIVIL ENGINEERING STUDENT
these rates, so the needs of Alaska’s geospatial sciences industry may be met. “It’s exciting because, in
addition to supporting these students’ educational goals, we are also supporting research discoveries that are
relevant to the state’s needs,” Dr. Hills said.
THE BEST AND BRIGHTEST
DR. ALEX HILLS
Dr. Alex Hills has an extensive – and impressive – history in Alaska. While living in rural Alaska during the 1970s, he
was closely involved in the development of the state’s telecommunications networks. He later served as Alaska’s deputy
commissioner of administration and chief telecommunications official, as well as UA’s chief information officer. He created
“Wireless Andrew,” the network that led to Wi-Fi technology, and he currently owns Alex Hills Associates, a small
consulting company based in Palmer.
Dr. Hills continues to be closely involved with the university, serving as a member of the UA College of Fellows and on
the UAA School of Engineering advisory board. He is also a board member for the American Red Cross Alaska Chapter,
a member of the Greater Palmer Chamber of Commerce, and chief scientist of Helium Networks, Inc.
28
2 0 0 6 - 2 0 0 7 S C H O L A R S H I P S T O RY: D R . A L E X H I L L S
quality research opportunities is an important way to support this effort. “The best universities in the nation
2 0 0 6 - 2 0 0 7 S C H O L A R S H I P S T O RY: D R . A L E X H I L L S
27
“It is an exciting opportunity to attain knowledge
in this rapidly growing discipline, mechanical
engineering, using the resources of UAA
undergraduate research and the new
BSE engineering program.”
It’s a well-known dilemma in Alaska – there are plenty of career opportunities in high-demand industries, but
there aren’t always enough trained workers to fill the jobs. The Ruth Lister Memorial Scholarship aims to address
2 0 0 6 - 2 0 0 7 S C H O L A R S H I P S T O RY: R U T H L I S T E R
that issue by providing scholarships to students pursuing vocational training and degrees.
“These areas of study often lead to careers in high-demand fields,” said Mary Rutherford, president of the UA
Foundation. “Scholarships such as the Lister Scholarship prepare students to enter jobs that serve the needs of
Alaska’s business and industry.”
The scholarship, which was established in 2003 in memory of Ruth Lister, is directed toward single mothers,
such as this year’s recipient, Melonie Robinett.
Like Lister herself, Robinett is a feminist, activist and single mother who has struggled in the past, but is rising
above life’s challenges. She ran away from home at 15. Struggled out of a violent marriage. Found herself raising
her daughter and son alone. Spent four months in jail. And lost her kids. Then, in 2003, Robinett took control
of her life and began working toward a brighter future.
“I was able to get my kids back from the state and make a new life,” Robinett said. “I’m not proud of who I was,
but I am very proud of who I am today. I have a mission in mind: to become everything I ever wanted to be and
always thought I couldn’t.”
“I am setting an example for my children
to show them that, even when it seems
that all odds are against them, they can
achieve their dreams if they set their
minds to it.”
M elonie R obinett,
Robinett, who is the only one out of 18 siblings to attend college, is currently pursuing the paralegal studies
program at UAF’s Tanana Valley Campus. Past graduates of the program, which is certified by the American Bar
Association, have had 100 percent success finding jobs immediately after graduation.
“I am setting an example for my children to show them that, even when it seems that all odds are against them,
they can achieve their dreams if they set their minds to it,” Robinett said.
PA R A L E G A L S T U D I E S S T U D E N T
FROM STRUGGLES TO SUCCESS
RUTH LISTER
Ruth Lister, PhD, served UAF for nearly a decade, first as associate dean of UAF’s School of Career and Continuing
Education, and then as director of UAF’s Tanana Valley Campus (TVC). During her career, she brought together leaders
from business, industry, government and education to develop vocational training opportunities to meet the needs of the
community and economy.
Lister died in 2002 after an 18-year battle with cancer. Colleagues, family and friends established the Ruth Lister Memorial
Scholarship to honor the feminist, activist and single mother who worked tirelessly to improve conditions and opportunities
for Alaska’s women and children. Ruth’s friends continue to actively raise funds for the scholarship.
30
2 0 0 6 - 2 0 0 7 S C H O L A R S H I P S T O RY: R U T H L I S T E R
29
2006-2007 SCHOLARSHIP RECIPIENTS
31
A S PA S cholarship
Sabrina Cotta
Justin Helms
SCHOLARSHIP RECIPIENTS 2006-2007
A ccounting C lub - U A A
Rebekah Osterman
A C C S A S cholarship
Olga Losik
Mark Oatman
Pepper Piper
A curen N D T S cholarship
Adam Ebnet
Alan Guillory
Matthew Higgins
Jared Zeuli
D avid D . A dams M emorial
S cholarship
Rolan Baguyos
A H A I N A / H ispanic H eritage
S cholarship
Angela Carlson
Alaska Aerospace Development
Corporation Scholarship
Perlita Alcaide
Ruby Bullchild
Kit Dawson
Trevor Gillespie
Brianne Johnson
Willie Nelson
Shadi Obeidi
Tija Ozols
Kelsey Peterson
Allyssa Roach
Matthew Van Atta
Scott West
A laska A ssociation of
E nvironmental Professionals
( A A E P ) S cholarship
Matthew Jones
Deanna Strunk
A laska H eart I nstitute
R esearch F oundation
Blaine Shillington
A laska K idney F oundation
S cholarship
Jill Addington
Bjarke Bennedsen
Brittini Bloomquist
Paul Bryner
Merci Clare
Angela Clark
Audrey Cotter
Denise Dabney
Leanne Deckard
Sarah Dehlbon
Jody Fletcher
Jodi Hanson
Rosa Kenshalo
Lorie Lawrence
Elise Mircovich
Jamie Nix
Deni Pennison
Eleanor Richter
Kristy Rodriquez
Jennifer Sayer
DeAnn Wittrock
Ingrid Zeckser
A laska M iners A ssociation
S cholarship
Daniel Ogawa
William Robinson
A laska N ative M edical C enter
A u x iliary S cholarship
Shana Atchak
Rebecca Charlie-Runfola
Audie Chikoyak
Michael Freytag
Cassandra Jones
Louisa Jones
Michelle Krier
Ruth Lane
Brent Latham
Frieda Tocktoo
Trisha Trumble
A laska N ative S tudent
E ngineering P rogram
Rayn Aaberg
Audrey Alstrom
Crystal Alstrom
Randolph Bailey
Gary Baldwin
Ossip Camahuali
Erica Carroll
Ivan Chikigak-Steadman
Gregory Chilton
Margaret Cysewski
Clifford Dolchok Jr.
Michael Freytag
Kelli Gallahorn
Brian Glasheen Jr.
Kelvin Goode
Robert Gransbury
Jeremy Gustafson
Nicholes Hanson
James Hart
Natasha Hayden
Brandon Hickman
Kelsi Ivanoff
Michael Johnson
Erik Judson
Cody Kapotak
Alexander Karsunky
Tamra Kornfield
Stephan Koweluk
Melissa Lowther
Jeremy Maguire
Mae Mendenhall
Eric Morisky
David Mork
Marsha Nanok
Storman Norman
Melissa Okitkun
Drew Olson
Donald Richardson
Albert Russell
Nicole Scott
Nicholas Shellabarger
Viola Stepetin
Bernadette Suvlu
Shawn Takak
Amy Tippery
Klinton VanWingerden
Sose Vartanian
Annie Weber
Scott West
Joseph Wichorek
Troy Wilkinson
Christopher Wisdom
Michele Yatchmeneff
A laska P ress C lub
Nathanial Raymond
A laska P ublic P olicy
R esearch
Brit DelMoral
Natalyia Upovyk
Cami Woolam
alaska S upport I ndustry
A lliance S cholarship
Joseph Patz
Alaska Trappers Association’s
Dean Wilson Scholarship
Joshua Peirce
A laska Quaternary C enter
Jason Addison
Hayley Lanier
A laska W omen in M ining / S M E
M emorial S cholarship
Tonya Lloyd
A laska W omen ’ s B ookstore
Award I n F eminist S tudies
Andrea Hansen-Hanzuk
A laska Y ukon P ioneers
Braxton Bundick
Erin Hanson
Raena Rowland
A mos J oe A lter A S C E A laska
S ection S cholarship
Jutric Damjan
Brendan Karcherc
A lumni A ssociation
S cholarship - U A F
Darcy Davies
David Jacobson
Jordan Troisi
Colleen Webb
Chris Wiehe
A lumni S cholarship - U A A
Letitia Churchill
Sarah Hansen
Lindsey Heiserman
Lisa Wilson
A lumni S cholarship - U A S
Stephanie Perry
Benjamin Shier
Mariah Warren
A lyeska Tanana Valley
C ampus S cholarship
Iris Barrier
Scott Burgett
Charles Smoke
Brandon Thomas
A ssociated S tudents of
B usiness ( A S B ) S cholarship
Brian Christensen
E arl B eistline S cholarship
Topu Hasan
William Robinson
M ark A . B elt z S cholarship
Leah Levinton
Michael Thomas
Atalanta O pportunity
Award - U A A
Darlene Riley
D on B ennett M emorial
S cholarship
Erik Leman
E laine Atwood S cholarship
Carly Craig
Robert Dindinger
B ering S ea L ions C lub
S cholarship
LaVerne Anagick
Daisy Henry
Ruslan Howell
Deidra Minix
Samuel Okhtokiyuk
Yuka Ungwiluk
F orbes L . B aker J ournalism
S cholarship
Angela Milligan
F rances & A lfred B aker
Robert Mikol
A merican I ndian S cience and
E ngineering S ociety ( A I S E S )
S cholarship
Finely Bock
M ichael B aring G ould
S cholarship
Olga Grevtseva
Tafilisaunoa Toleafoa
A merican L egion P ost 1 1
H eather D owdy M emorial
S cholarship
Rebecca Hayes
W illiam R . and H elen
B arr C ashen M emorial
S cholarship
Shawn Biessel
A nchorage D aily N ews
J ournalism Award
Misty Gil-Martinez
Laureli Kinneen
Genezaret Barron Memorial
Scholarship in Photojournalism
Megan Sullivan
A nchorage P ioneers H ome
N ursing
Amanda Dodson
Kelsey Sturrock
Patricia A ndresen
S cholarship
Joshua Hull
A rctic C hapter of N ational
D efense T ransportation
A ssociation ( N D TA )
S cholarship
Timothy Nowicki
Byron Thorne
M ike A rdaw S cholarship
Tara Connolly
Elizabeth Geest
Richard Hallock
Katherine Keith
Kary Kinder
Jorin Klawitter
Chastity Olemaun
Daniel Oliva
Christina Ouellette
James Peters
Maxim Prokudin
Alexander Read
Wendy Stephens
C harles E . B ehlke
E ngineering
Nathan Ayotte
Joseph Hess
D arla “ D olly ” B arton
N ursing S cholarship
Kimberly Martinez
L awrence B ayer B usiness
A dministration S cholarship
Brianne Johnson
Kasey Peterson
B eaver S ports W hisenhant
S ki S cholarship
Elisabeth Habermann
B eck W riting S cholarship
Amanda Kiely
Kimberly Scholosser
J immy B . B edford M emorial
S cholarship
Angela Milligan
F red B eeler M emorial
S cholarship
Christopher Eversman
Faye-Lynn Gallant
Leif Johnson
Andrew Lingbloom
Mitchell Olson
Caleb Osborn
Brianna McNall
S ylvia B erg D rowley N ursing
Kristy Rodriquez
Dr. Gerald Berman Founder’s
Scholarship
Savannah Ebanez
Gerald S. Berman Excellence in
Sociology Award
Erin Scott
C larence B erry F ellowship
in M ining and R esources
Casey Adamson
Matthew Billings
Janak Dhungana
Liping Jing
Marta Kawka
Thomas Oommen
Bhaskar Sahoo
L i z B erry M emoria L
S cholarship
Ernest Forward
Jonah Wright
P earl B erry B oyd M usic
S cholarship
Aron Abplanalp
Hannah Bjornstad
Cicely Cox
Alexander Goese-Goble
Dean Shannon
Shannon Spader
Hannah Wagar
B ill & N ell B iggs
S cholarship
James Bauman
Sarah Bixby
Carly Craig
Sidney Fadaoff
Philip Fitzgerald
Trevor Fritz
Ashley Hunt
David Ignell
Jeffrey Isaac-Kearns
Shannon King
Jensyne Mason
Rebekah Menze
Julie Pierce
Jordan Saceda
Adrienne Scott
Benjamin Shier
Elizabeth Stickel
Robert W. Brown Mathematical
Sciences Award
James Peters
K aare B irkeland N orwegian
U S A E x change
Andrea Orley
B unnell S cholarship
Anna Dickerson
Kimberly Harris
B oeing E ngineering
Scholarship
Richard David
David Mork
Larry Mosley
Nicholas Shellabarger
C harles B unnell M ining
S cholarship
Katherine Harris
Marie McCarty
Kyle Obermiller
B olick F oreign S tudent
S cholarship
Shalini Malik
B urt B ollenbach M emorial
Robert Dindinger
Zella B oseman A laska B lack
Caucus Memorial
Wilmy Rosario
R . G . and O nnie B ouchum
M ulticultural S cholarship
Deanna Blackburn
D on B owden S cholarship
Traci Harris
R . M . ( B us ) and K atherine
Boyd Business Administration
S cholarship
Tara Farley
D r. B etty J. B oyd -B eu & E dwin
G. B eu J r . S cholarship
Kelly Marre
Roger Boyden
Steffi Schreiber
B P A lva
Michael Freytag
Nicholes Hanson
Stephanie Hunt
Cody Kapotak
Eric Morisky
Dustin Smith
Scott West
B P E x ploration A laska G eology
Jeffrey Benowitz
Peter Flaig
Sudipta Sarkar
Carla Tomsich
Delores van der Kolk
B P E x ploration A laska
S cholarship
Eric Addison
B reast C ancer D etection
C enter of A laska ( B C D C )
R adiologic T echnology
S cholarship
Kaela Hahn
Karrina Wooderson
L oyal D . B urkett M emorial
S cholarship
Tia Anderson
D avid B urnett D unn
M emorial
Travis Booms
A le x is M . B uskirk M emorial
Ashley Seliger
A rthur and F rances B uswell
S cholarship
Heather Scales
D avid B . & M ary E . C arlson
Wendy Berg
LaVonna James-Liberty
Cassidy Robinson
Kristy Rodriquez
Lyle C arlson W ildlife
M anagement S cholarship
Lesli Curran
Druska Carr Schaible
Memorial Scholarship in
Biological Sciences
Jennifer Addison
Michael Wilkinson
Verna M. Carrigan Scholarship
Luke Adams
Kathleen Beattie
Emily Benner
Loren Bettridge
Tara Connolly
Johanna Evans
Angela Fagerstrom
Anastasiya Fatiy
LeAn Fenner
Linsdey Forrester
Joshua Jackson
Maressa Jensen
Leyla Korpela
Charles Lybarger
Jennifer McKay
Richard Millay
Stephanie Mooney
Erin Ryder
Jennifer Thorsteinson
Justine Trinidad
Mariah Warren
Colleen Webb
Katherine White
H einie and P etty C arstens
S cholarship
Keith Clark
Ulysses Twogood
32
After casting their proverbial pebble into the water, our scholarship fund donors
can stand on shore and watch as the effect of their gift ripples out – touching lives,
opening doors, launching dreams.
J ohn C halupnik H ockey
S cholarship
Michael Rogers
C hancellor - U A S
Sterling Snyder
Elizabeth Watson
C hancellor ’ s U ndergraduate
R esearch - U A F
Matt Dilloon
Don Larson
Danielle Mondloch
E mery C happle M emorial
S cholarship
Kelsie Stone
R onald F. C osgrave
S cholarship
Robbin Garber-Slaght
Matthew Posey
Quinton C ostello M emorial
S cholarship
Richard Hallock
C ouer D ’ A lene M ines
E nvironmental L eadership
Award
Amanda Robson
D erek C o x M emorial
Solomeia Kojin
Edward K. and Alene R.
Christiansen Music
Scholarship
Gwendolyn Brazier
M able H . C rawford M emorial
S cholarship
Latoya Barrett
Heather Eastaugh-Ruoff
Stephan Edwards
Paul Hufford
Jennifer McKay
Pepper Piper
Elizabeth Watson
Liling Zhu
K aren C hristensen B aldwin
Nastasia Vaska
J ames R . C rook M emorial
F ellowship
Alyssa Jeannet
J udi C hristensen - T schida
M emorial R ifle S cholarship
Becky Hershberger
R uth C ro x ton M emorial
S cholarship
La-Ona DeWilde
JoshuaWisniewski
C harles and H ortense
F U N D ( N ome )
Lolene Buck
Tyler Dann
D r . J oan B . C lutts M emorial
S cholarship
Angel Filkins
W illiam P. C ole P hi A lpha
T heta S cholarship
Sean Genson
C ollege of B usiness &
P ublic P olicy S cholarship
Kathleen Ahern-Karnes
C ollege of E ducation
S cholarship
Victoria Flint
Ruth Lovejoy
C ollege of F ellows
S cholarship
Trevor Hyatt
C ollege R otary S cholarship
Kimberly Allderdice
Layne Lewis
Trinity Marrapodi
Kelsey Meyer
C ominco A laska S cholarship
Jessica Untiet
C ook & H augeberg C PA s /
T om B artlett A ccounting
S cholarship
Angela Murphy
Patricia A . D avis M emorial
S cholarship
Amanda Bent
Fairbanks C hapter U A FA A
L egacy S cholarship
Suntrana Smyth
P ia D enkewalter M emorial
S cholarship
Eric Addison
Desiree Guillory
LaVonna James-Liberty
Fairbanks M asonic L odge # 1 2
S cholarship
Charles Bohart
Christina Twogood
D erickson- M askey Trust Fund
Emily Sommer
Fairbanks W eavers and
S pinners G uild F und
Gayle Sweet
A lbert H . D ickey M emorial
S cholarship
Erik Zornes
F rancis “ B ud ” Fay M emorial
S cholarship
Caroline Jezierski
M ike D illon M emorial
S cholarship
Brendan Karchere
H oward F eder and D avid
S haw Graduate Student
Support Fund
Susan Drobny
T ed D i x on M emorial
S cholarship
Jace Bures
F edorchuk H ockey
Lucas Burnett
V ioleta D octolero
S cholarship - K odiak
Gretchen Madriaga
Tina McGuffie
C arol F eist M emorial Award
for U ndergraduate B iology
Benjamin Meyer
E rik D rygas S cholarship
Michael Rogers
F ejes M usic S cholarship
Amy Horstman
Allison Stadig
A lice E asley M emorial
S cholarship
Robert Dindinger
Yvonne Howell
G overnor W illiam A . E gan
S cholarship
Kimberly Rolland
F ifty B elow C harter C hapter
of the A merican B usiness
W omen ’ s ( 5 0 B elow A B WA )
A ssociation S cholarship
Melissa Pearson
First Generation Student Support
Anna Blake
Stephanie Boyer
Ian Broste
Cassandra Jones
Dagmar Mayer
John Roberson III
Tafilisaunoa Toleafoa
J . E llsworth M c C arthy
Karen Millington
Flint H ills Resources
Scholarship
Nathan Ayotte
C ustomer S ervice
S cholarship
David Morrison
C . T. E lvey M emorial F und
Samuel Lazerson
Aemon Wetmore
D ebendra and K atherine D as
S cholarship
Daniel Oliva
E ugene E vancoe S cholarship
Eric Merrill
Lydia F ohn - H ansen / L ola
H ill S cholarship
Kiri Beckwith
Debora Forrester
Keana Graves
Julie Rahm
Tara Willis
C ulinary A rts H ospitality
S cholarship
Malaika Bowles
Jason Brooke
Ixchel Carroll
DeeDee Fowler
Nina Hauptman
Mercedes Horton
Grace Huhndorf
Alice Landers
Rebecca Leslie
Shauna Moore
Benjamin Sylvester
Amy Voss
W illiam D avenport M emorial
Jessica Allman
B on V. and B ernice D avis
S cholarship
Amber Wilson
C harles W. D avis S ummer
F ine A rts C amp M emorial
S cholarship
Alyna Atkinson
Emma Boone
Gabrielle Dominguez
Kirsten Hutchinson
E conomics D epartment
S upport
Krishnakanth Ganapuram
Joseph Kluberton
E x cellence in S cholarship
Joseph Hess
Fairbanks Association of
Legal Assistants (FALA)
Scholarship
Lee Laraby
Fairbanks Chapter UAF Alumni
A ssociation J im D oogan
Samantha Decker
F ood Factory F ine A rts
S cholarship
Sarah Monstvil
D avid F orbes M emorial
S cholarship
Traci Knutson
Paul Tornow
M ichael D . F ord M emorial
S cholarship
Kimberly Adams
F ort R ichardson C ivilian C lub
Olga Losik
L ouise & H arold F ournelle
Danica Broerman
Mary Devlin
P reston F owler M emorial
S cholarship
Megayla Franks
J ohnny & S arah F rank
S cholarship
Nadine Carroll
Friends of the Performing Arts
Katherine Jurgensen
W. L loyd G allagher
M emorial
Lori VanSteenwyk
Matthew VanSteenwyk
G astineau R otary C lub
S cholarship
Trevor Fritz
Andre Khmelev
CYCLES OF
GIVING
Glacier Highway Electric
Association
Alicia Tia Anderson
Brittney Buckhorn
G lenmede T rust M usic
S cholarship
Jessica Deleon
Ashley Fukuoka
“Since my experience in
Russia, I see the world in
a different light. I wanted
the opportunity to
impact other students
in this way.”
G lenn C arrington M emorial
S cholarship
Marganna Avugiak
Finely Bock
Penny Gage
Ricky Lind
Heather Scales
Deanna Strunk
Ann Wilson
Patricia Young
Floyd & Angelina Gori Aviation
Scholarship
Erica Johnston
C harles F. G ould
Denita Paniptchuk
C hris H elkenn ,
U A A G R A D U AT E
When Chris Helkenn enrolled
in a Russian history course
G C I S cholarship
Teeka Ballas
Paul and F lora G reimann
Darcy Davies
Katie Schollenberg
G eneral S cholarships - U A A
Ruth Lovejoy
Siobhan O’Hara
J ane G riese M emorial
S cholarship
Susan Bohart
the first recipient of the
G eneral S cholarships - U A F
Emily Balboa
Sharlene Bernaldo
Charlotte DeBruler
Cindy Fisher
Catherine Grieve
Amber Hannum
Kristopher Harper
Brian Horton
Joseph Horton
Chelsea Huprich
Rhoda Kamarey
Bridgette Navejar
Joanne Sipes
Sandra Soren
Danika Stephens
Megan Sullivan
E duardo G ustavo P rieto
S cholarship
Anna Blake
R alph & M arie G eorge
S cholarship
Kristy Rodriquez
A ndrew H alcro B ook
S cholarship
Diana Dean
which qualified for a $1,000
G erson Family S cholarship
Cassandra Johnson
T om and N ancy H allinan M usic
S cholarship
Caitlyn Hatcher
Foundation.
G H E M M C ivil E ngineering
S cholarship
Philip Fitzgerald
J ohn & M ae H akala
S cholarship - U A A
Todd Closson
Teri DeMoss
Jennifer Toliver
Sheri Trimble
J ohn & M ae H akala
Brenda Karras
Larsen Hess
Dawn Hughes
at UAA, he didn’t know it
would lead him to become
Kibrick and Bergelson Studies
in Russia Scholarship – and
spend six months at Moscow
State University.
The life-changing experience
prompted Helkenn, now
a UAA alumnus, to give
back to the university. He
recently contributed $1,000
to the scholarship fund,
match from the Rasmuson
Patty Hamilton Early Childhood
Development Scholarship
Kiri Beckwith
Lacy Lapthorne
M ary G he z z i N ursing
S cholarship
Arlene Vanderpool
Stephanie Wolcott
J ay H ammond F und
Audrey Taylor
K ay & P erry G ines
S cholarship
Tina McGuffie
J ay H ammond M emorial
S cholarship
Nicholas Brewer
34
33
T homas H ead M athematical
S ciences S cholarship
George Nash
J ohn H enderson
Bryant Leader
Alice Orlich
Steffi Schreiber
S idney H enderson
Sarah Aiken
Harriet Hess Scholarship
Iris Hartshorn
Rachel Krieg
Mindona Krzykowski
Megan Otts
Rachel Westbrook
Ann Wilson
R oger H ickel S cholarship
Laura Moeller
D r . A le x H ills Award
Paul Bilodeau
D on H odges M emorial
G eology S cholarship
Shawn Colburn
W illiam R . H unt H istory
S cholarship
Robin Keesler
Paul C . H unter E ngineering
S cholarship
Philip Fitzgerald
Katherine Johnson
H ulda H uttula E lieff
Andrea Gerard
T heresa J imene z M emorial
S cholarship
Cicely Cox
J ohn W. J ohnson S cholarship
Dwayne Myers
Kateri Okitkun
B rian J ones M emorial
S cholarship
Samuel Vanderwaal
J uneau C hamber of
C ommerce S cholarship
Sterling Snyder
Elizabeth Watson
J uneau E lks L odge
S cholarship
Sterling Snyder
Dr. Donald Hood Memorial
Scholarship for Marine Science
Jeremy Mull
J uneau E mpire S cholarship
Ekatrina Olesak
Horning Memorial Scholarship
William Farrell
Jessica Untiet
J uneau G arden C lub
S cholarship
Lisa Rollins
H orton / S alt z Aviation
Tommy Stasenko
J uneau R etired T eachers
A ssociation
Aimee Durham
H ot L icks E ducation
S cholarship
Tracy Augustine
R andy H owenstein M emorial
F ield R esearch S cholarship
Michelle Augustyn
M ike H oyt S ociety of A meri can F oresters S cholarship
Jason Mercer
V elma H ubbard M emorial
S cholarship
Unika Nelson
H uber C ivil E ngineering
S cholarship
William Galligan
Patricia H ughes E astaugh
T eaching S cholarship
Crystal Blunka
Matilda Kazimirowicz
Aidee Rodriquez
J uneau R otary C lub
Candis Anderson
Timothy Burch
Leslie Curran
Ryan Jones
S tacy K aiser M emorial F und
Katy O’Leary
C onnie B . K alita M emorial
S cholarship
Jamie Callahan
Mandi Wisland
H eikki K anerva M emorial
S cholarship
Paul Schauer
K enai P eninsula C ollege
S cholarship
Kristina Durrerova
K ennecott M inerals C ompany
R ecruiting S cholarship
Gregory Broline
David Kitchens
Alexander Ott
Ketchikan Advisory Council
Scholarship
Brandon Diggins
Trina Sullivan
K etchikan B ridge C lub
1 9 7 5 - 2 0 0 0 S cholarship
Keith Rushing
K ey B ank S cholarship
Songzhen Lang
K ey B ank S cholarship for
B usiness & E conomics
Christine Aujero
Alicia Gautreau
K ibrik & B ergelson S tudent
S cholarship
Olga Grevtseva
Natalia Slobodina
K ibrik & B ergelson S tud I E S
in R ussia S cholarship
Christopher Helkenn
R odney P. K inney S r .
Michael Freytag
I ver & C ora K napstad
S cholarship
Luke Adams
B ebe H elen K neece
W oodward S cholarship
Tamara Wilson
K ris K nudson M emorial
Eric Mathews
Trevor Thomas
K O C C N ative S tudent
S cholarship
Avalon Gridley
Cynthia McCormick
K odiak C ollege C ounci L
S cholarship
Karen Foster
K odiak - V ioleta D octolero
Rose Benigno
Nicholas Pennington
R obert W. K orn
Charlotte DeBruler
Rebekah Land
Naomi Morris
K P C / B rockel Family
S cholarship
Paul Tornow
A le x andra K rauss M emorial
S cholarship
Anna Peter-Raboff
R udy K rejci M emorial
James Becwar
Sargent Shriver
K R U A S tudent S cholarship
Russell Slaten Jr.
F red A . and I ne z M . K ubon
S cholarship
Michael Anderson
Nathan Ayotte
Benaiah Bare
Charles Bohart
Gregory Broline
Barton Dengel
Shusila Dhungana
James Frost
Topu Hasan
Eric Hill
Christina Johnson
Jacob Kalmbacher
Lyazzat Khamzina
David Kitchens
Alexey Kotlovenko
Erik Leman
Tonya Lloyd
Kelly Lyons
William Mangano
Maria Medvedeva
Seth Miller
Dustin Ray
Rinu Samuel
Elizabeth Usibelli
Raymond Zimmer
D ove K ull S cholarship
Angela Perry
Lisa Wilson
K uskokwim C ampus
P ersistence S cholarship
Bethany Springer
R oger L ang M emorial
Theodora Castillo
James Isturis
A ustin E . L athrop
S cholarship
Micaela Croteau
Marcia Leopold
Melissa Miller
Brian Schneider
Nicole South
F ranklin M . L each
S cholarship
Savanna Bradley
John Roberson III
W illiam C . L eary M emorial
E mergency S ervices
S cholarship
Travis Hancock
Mary Ann Ward
R ichard E . L ee E ndowment
Dominic Orr
C harles W. and H ortense W.
L ewis S cholarship
Natasha Larry
Danuelle Wooten
F loris L icht R hode
S cholarship F und
Tabitha Johnson
Patrick Tilbury
Marshall and Lois Lind
Scholarship
Jessa Joehnk
E arl M a x well M emorial
S cholarship
Andrew Lingbloom
R uth L ister S cholarship
Vanessa Derendoff
A strid E . and G ordon S . M c B eath
S cholarship
Kyle Calfina
T heodore and A udrey L oftus
S cholarship
Dominic Orr
N ancy L oftus W iegert
S cholarship
Phillip Wyman
L eona L owrey M emorial
S cholarship
Christopher Houlette
D avid L uchini M emorial
S cholarship
Grant Wright
J ack R . L uick M emorial
Adelia Falk
A nne L uke M emorial
S cholarship
Dylan Anderson
Nathon Blackburn
Anna Brackney
Lacey Evans
Rachel Garcia
Rebecca George
Lacie Grosvold
Sean Holland
Nanae Ito
Lisa Janout
Julie Johnson
Heather Kraemer
Jana Kreofsky
Ryan Rooks
Hanna Stevenson
Leyna Warner
Janine Way
Mollia White
Jonathan Williams
P eter M ac K eith M emorial
E ndowment for G eological
S ciences
John Ritchie
S tuart S . M ackowiak
S cholarship
Rebecca Charlie-Runfola
J ohn F. M arooney M emorial
S cholarship
Joshua Schmidt
T om M artin M emorial
S cholarship
Hunter Scholz
Bonnie Martin McGee Memorial
Nursing Scholarship
Laura Szmyd
S tanton E . M aynes M emorial
S cholarship
Ryan Rooks
3
HEARING THE
BENEFITS
Dave McCloud Aviation Memorial
Walker Haken
“We’re deeply grateful –
not just for the gift, but
for what you do for the
community, the culture
and arts of Fairbanks, as
well as the future of our
students.”
G eorge M c D aniel S M E F und
Ruby Bullchild
Jason Morgan
Aaron Pelto
G eorge M c D aniel W riting F und
James Raines
Brooke Sheridan
E mma W. M c K innon
S cholarship
William Farrell
M echanical E ngineering
Chris Bender
Daniel Oliva
L ois E . M eier A ccounting
S cholarship
Fan Lan
S teve J ones ,
U A F chancellor
Music-lovers Ed and Alene
Christiansen, founders of the
Edward K. and Alene R.
L ois E . M eier G uidance and
C ounseling S chol A rship
Sarah Cleworth
Christiansen Music Scholarship,
L ois E . M eier S cholarship
Kimberly Harris
Annie James
support benefited a student
R ichard M ellon S cholarship
Victoria Flint
Molly Ipalook
E dward A . M erdes M emorial
S cholarship
Yvonne Oren
M eridian M anagement P M
S cholarship
Joyce Douglas
R alph R . M igliaccio M emorial
S cholarship
Tyler Grosshuesch
Kimberly Heinrichs
Deanna Strunk
G eorge and M in É M ikami
S cholarship
Rachel Westbrook
Jonathan Williams
didn’t just see how their
– they got to hear it.
The Christiansens were
recently treated to a vocal
performance by UAF student
Dean Shannon at a private
donor reception. Shannon,
who is pursuing a music
education and performance
degree, was the first recipient
of the scholarship, which was
established in June 2007.
M ike M iller E ndowed
S cholarship
S teven M iller C reative
W riting F und
Amber Ibarra
Photo by Todd Paris,
University Marketing and Publications
36
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PIE
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0 7OSLCAH
L AI P
RSRHEIC
P IRE
CN
I PTIENTS
35
Vincent S. Haneman Jr. PE
Professional Travel
Scholarship
Devdatta Kulkarni
R obert J . M itchell M emorial
S cholarship
Michael Titus
R obert J . and M ary M .
M itch ell S cholarship
Jacqueline VanDriessche
N orbert M uller S cholarship
Chris Hoepfner
A llie M urphy / B lack
Awareness S tudent U nion
( B A S U ) S cholarship
James Peters
Harmonie Thomas
A lma J . M urphy S cholarship
Christy Everett
Signe Jorgenson
C aroline M usgrove C oons
W riting S cholarship
Julie Johnson
Kim Raymond
Tricia Snyder
M usic S cholarship
Shawn Savageau
C laus N aske H istory
S cholarship
Shawn Swanson
National Alliance for the
Mentally Ill (NAMI) of Fairbanks
Joy Albin Memorial Scholarship
Jennifer Grasto
National Alliance for the Mentally
Ill (NAMI) of Fairbanks Ann
Denardo Memorial Scholarship
Joshua Ketola
N ational A ssociation for
W omen in C onstruction
( N AW I C ) N orthern A laska
C hapter S cholarship
Margaret Cysewski
National Association of
Professional Mortgage Women
Andrea Andrews
Dawn Whisenhunt
N ational A ssociation of
S ocial W orkers ( N A S W )
S cholarship - U A A
Jeannette Lacey
Angela Perry
N ational A ssociation of
S ocial W orkers ( N A S W )
Heidi Barrett-McNerney
Joe Nava Shooting Scholarship
Matthew Rawlings
B onita J . Neiland Scholarship
Jacquelyn Goss
A ndrew N erland S cholarship
Stephanie Perry
Laura Thompson
Caleb Wright
M ildred N erland / P E O S ister hood M emorial S cholarship
Jenny Barrett
Maureen E. Nolan-Cahill
Memorial Scholarship
LeAn Fenner
N orthern S tudies J im C ook
M emorial
Tracey Smith
C ynthia N orthrop M emorial
S cholarship
Julia Coulter
N ursing S tudents in N eed
Jill Ament
Audrey Cotter
Julie Lee
Laura Szmyd
Patricia A nn O akes M emorial
S cholarship
Marganna Avugiak
J essie O ’ B ryan M c I ntosh
S cholarship
Christina Fry
Erik Largen
Margo Thibodeau
Christina Twogood
Anastassia Vecherskaya
Heather Warren
J oseph R . O den M emorial
S cholarship
Raymund Hawley
D on & J an O ’ D owd / S A A
S tatewide S cholarship
Sara Bowman
Andre Khmelev
Lyle Nashookpuk
William A. O’Neill and Violet R.
Lundell O’Neill Scholarship
Casey Adamson
M . P. O swald S urveying &
M apping S cience
Elizabeth McCauley
A lvin G . O tt F ish & W ildlife
Carlene Miller
Raymond Vinzant
W. S cott Parrish M emorial
S cholarship
Jennifer Gingrich
Dorothy Pattinson Accounting
Scholarship
Andrea Gerard
Ernest N. Patty Scholarship
Michael Anderson
K athryn S . Patty S cholarship
for W omen
Elizabeth Usibelli
P E O C hapter N S cholarship
Leyla Korpela
P E O S isterhood C hapter D
S cholarship
Micaela Croteau
Johanna Evans
Samantha Finnegan
Jenette Vlasoff
Tina Williamson
Kirk Wilson
William Randolph Hearst Alaska
Native Scholarship
Stephan Brower
Joel Forbes
Leroy Hughes
Da Ka Xeen Mehner
Adam Reddaway
W illiam Paul S cholarship
Abigail Scannell
P etroleum A dvisory B oard
R esearch
Kaetochi Elekwachi
G rant P earson & S hirley
S ullivan S cholarship
Edwin Bifelt
Raymond Hyslop
P etroleum E ngineering
S tudent S cholarship
Dylan Bruns
Frederick Hveding
R oy P ederson M emorial
S cholarship
Paul Schauer
H arold R . P eyton C ivil
E ngineering S cholarship
Ryan Goentzel
C hristine P ennington
Matthew Eckart
Jacob Gebhardt
Teresa Koch
M arie P hibbs C ulinary A rts
S cholarship
Aria Shilanski
Malcolm Vance
R asmuson R are B ooks
Tracy Smith
P hysics S cholarship
Christopher Granade
William Weiss
B ill & F rances P. R ay
S cholarship
Anthony Aponte
Yvonne Howell
Kirmanie Ravariere
P ep B and S cholarship
Kimberly Bezdek
Hannah Bjornstad
Tess Caswell
Larissa Cochran
Sawyer Collins
Dominic Dionne
Ashley Fukuoka
Daniel Gaisford
Rhonda Gilbertson
Alexander Goese-Goble
Megan Hahn
Larsen Hess
Devin Homan
April Jaillet
Gilbert Jameson III
Jessa Joehnk
Joshua Johnston
Bryce Kositz
Elizabeth Krauszer
Kimberly Kurzendoerfer
Ruth Langworthy
Ricky Lind
David Martinson
Sarah Monstvil
Jason Moore
Jill Mullen
Brandon Newbould
Caleb Nichols
Paul Rios
Juaquine Silveira
Michelle Smith
Nicklaus Sorum
Shannon Spader
Allison Stadig
Dustin Takao
Danielle Therrien
Brandon Thomas
Emily Tolleson
Jacob VanVeldhuizen
Sarah Youngren
Samantha Zinsli
P E O C hapter G S cholarship
Micaela Croteau
Erin Ryder
P oint L ay M emorial
S cholarship
Michelle Bordeaux
Chastity Olemaun
Pollock Conservation
C ooperative R esearch C enter
Michael Garvin
Haixue Shen
Richard G . Possenti M emorial
Scholarship
Tabitha Johnson
P W S C C O il S pill R ecovery
R esearch
Christopher Boswell
Tim Needles
P W S C C S tudent S cholarship
Katie Albright
Jennifer Amberg
Christopher Boswell
Audrey Christoffersen
Bryan Corsi
Angie Floyd
Adam Gussert
Shauna Hamilton
Nathaniel Hazlett
Spencer Heston
Trishia Hoadley
Scott Johnson
Allen Leavelle
Jun Ho Lee
Edward Leonard
Alexander Long
Tamara Lozano
Justin Ness
Lori Price
Jonathan Silkett
Cahanin Starbuck
Michael Tait
Joyce Tossey
R asmuson F isheries
R esearch C enter
Alison Banks
William Bechtol
Shannon Hanna
Katy Howard
Joel Markis
Katie Palof
Carrie Parris
Sean Rooney
Ashwin Sreenivasan
Cindy Tribuzio
R egents ’ S cholarship
Heather Eastaugh-Ruoff
Heidi Elliott
Heather Scales
A pril R elyea S cholarship
Ruth Lovejoy
Clarence J. Rhode Scholarship
Joshua Peirce
Riemann Memorial Scholarship
Beatrice Katongan
A.D. “Al” Robertson and Maxine
Memorial Scholarship
Winston Montecillo
Thanh Nguyen
E . T homas and R aye A nn
R obinson S cholarship
Scott Lade
J ack & M artha R oderick
S cholarship
Signe Jorgenson
Adrian Thistle
Lucas Wright
Pat & C liff R ogers N ursing
S cholarship
Jacqueline Cordova
Anna Dickerson
Genevieve Sykes
Betty Ross Mattson Scholarship
Stephanie Everson
Jessica Hampey
Emily Harker
Heather Hartman
Caleb Humphrey
Nichol Kelough
Steffanie Leslie
Sharita Mitchell
Brenda Schmidt
Vanessa Vondra
S chlumberger E ngineering
S cholarships
Tess Caswell
Kelly Lyons
Amy Rask
R R A N N P rogram S cholarship
Larissia Billy
Leanne Blanks
Letitia Churchill
Monica Garcia
Leah Gillham
Carol Greenway
Rebecca John
Shawna Martinez
Bobbi Meek
Gracie Nelson
Aaron Peters
Kelsey Sturrock
Laura Szmyd
Vivian Thurmond-Montoya
Erica Tibbits
Arlene Vanderpool
Vanessa Vondra
S cholarships for
I nternational E ducation
Penny Gage
Stefani Schruf
Harmonie Thomas
R ussian / C entral A sian
S tudent S cholarship
Elena Gulevich
Konstantin Khavanskii
J ohn R utherford N oyes
Trevor Erdmann
S ackinger G eological
E ngineering F ellowship
Tshering Penjore
Pravat Rai
M ike S aclamana N orthwest
C ampus S cholarship
LaVerne Anagick
Daisy Henry
Deidra Minix
Samuel Okhtokiyuk
Yuka Ungwiluk
R icardo S ain z M emorial
S cholarship
Sarah Gutowski
Lesley Salisbury Memorial Music
Scholarship
Joel Forbes
C arolyn S ampson / U A F S taff
C ouncil M emorial Award
William Farrell
Marlene Fogarty-Phillips
B etty K . S argent M emorial
S cholarship
Katherine Johnson
S chaible H ealth C are
S ervices S cholarship
Jessica Hampey
S chaible N ational M erit
S cholarship
Gracie Nelson
Cassidy Robinson
S chool of E ngineering
S cholarship
Rolan Baguyos
June L. Sherwood Scholarship
Eamon Stack
L arry S hetler M emorial U A F
R ifle S cholarship
Kimberly Harris
H arvey S hields F ellowship
in A rchaeology
Patricia Young
C lair S hirey S cholarship
Sherri Criley
S iemens B uilding
T echnologies S cholarship
Brendon Bruns
S iemens Pacific A lliance
P rogrammatic S upport
Peter Henry
Dustin Smith
Kristen Stevens
Austin Stewart
Kara S imon M emorial N ursing
Scholarship E ndowment
Anna Dickerson
Ward S ims M emorial
S cholarship
Nathaniel Raymond
Megan Sullivan
S itka C ampus S cholarship
Stacie Reeves
Nate Turner
Lacey Wolff
S itnasuak S chool of M ineral
E ngineering S cholarship
William Robinson
L illian S mith S cholarship
for T eaching S tudents
Charesa Faris
Constantine Gumlickpuk
M arie S mith S cholarship for
E yak S tudents
Anna Peter-Raboff
P hilis S mith M emorial
S cholarship
Skyleen Bottani
Dawn Reno
R ichard S mith F reshman
S cholarship
Patrick Sanders
S nodgrass A gricultural
Richard Sivulich
Dawn Whisenhunt
Society of American Foresters
(SAF) Dixon Entrance Chapter
Scholarship
Marita Tolson
Society of American Foresters
(SAF)/Richard W. and Margery
Tindall Scholarship
Emily Dickson
Sourdough Reunion Memorial
Mindy Graham
Catherine Grieve
Charles Lybarger
S outheast C onference
S cholarship
Alicia Anderson
Dollee Enright
Sidney Fadoff
Erin Ryder
Benjamin Shier
Elizabeth Stickel
Suzanne Teerlink
Dan Wable
E. Olivia Watson
Southeast Roundup Scholarship
David Paradis
Suzanne Teerlink
D oris S outhall N ursing
S cholarship
Bjarke Bennedsen
E stelle J . S pat z
U ndergraduate R esearch
Cody Augdahl
Matthew Cox
Brit DelMoral
Summer Engler
Jennifer Jemison
Ruby Kennell
Shane Lopez
Arthur Schultz
Desire’ Shepler
Gregory Snodgrass
Rachel Steer
Nataliya Udovyk
Cami Woolam
R obert S peck M emorial
S cholarship
William Farrell
A udrey S tanfield L oftus
Alexandra Sargent
S tate Farm S cholarship
Richard Boyd
Thanh Hguyen
Kayleigh Hoyt
Natalie Richards
Kathrynn Spurgeon
38
37
M olly A nn M ishler M emorial
S cholarship
Debora Forrester
J im S telmock M emorial
S cholarship
Troy Hegel
S tring P layers S cholarship
Larissa Cochran
S tudent C eramic A rts G uild
( S C A G ) / K rist A nderson
Ernest Forward
S tudent G overnment
S cholarships
Micaela Ponce
Stephanie Wargi
S turgulewski Family
E ndowment
Olga Fedorova
Christy Jordan
D orothy S ugg / R otary
S cholarship
HarmonieThomas
A gnes S. Sunnell Scholarship
Penny Gage
K en S wanson M emorial
S cholarship
Brendon Bruns
G erald S wisher S cholarship
Ann Wilson
R ev. B ob S wope and D r .
S haron S wope S cholarship
Gretchen Garcia
T 5 S S cholarship
Mariah Acton
Mitali Patil
B enjamin B . & V irginia M .
Talley S cholarship
Nicolette Creamer
Erin Pikey
D onald R . T heophilus F und
for S cholars
Jan Tomsen
M arty T hies M emorial
E ndowment F und
Sarah Snow
L owell T homas J r .
S cholarship
Chad Bieberich
Katie Villano
Lyndsay T homas M emorial
S cholarship
Zach Absher
Lucca Giannechini
Emerald Kaitryn
Meagan Lynn
R e x T homas M emorial Award
Kieran Gleason
W illiam T homas F oran
S cholarship
Marie McCarty
M arian & W. F. T hompson
Rebecca George
Lacie Grosvold
G ray S . and L ola C . T illy
S cholarship
Danielle Mondloch
Zachary Pickett
Suntrana Smyth
T ogiak V illage S cholarship
Bradley Atakitlig
Joel Forbes
Colynn Isaacson
M ark A . T omlinson S pike
C lub S cholarship
Miranda Trudeau
L eslie T orrence A lumna
S cholarship
Karen Saena
T otem O cean T railer E x press
S cholarship
Adrian Raymond
J oseph T remarello S r .
Kari Reabold
K en T urner M emorial
F ellowship
Brian Cohn
Caroline Jezierski
T u x edo J unction
Karl Dammerman
Michael Farrell
Crystal Hegel
Edward Jones
Laura Miko
TVC Culinary Arts Scholarship
Guljeke Abdybekova
Johnathan Allen
Jennifer Beck
Matthew Blood
Mark Carlini
Bonnie Carroll
Michael Christie
Ashton Coolley Van Cooll
Gisela Correa
Melissa Delgado
Juanita Frazier
Charlotte Gibbs
Jonathan Grant
Christi Hannah
Brenda Hannah
Melissa Hartmann
Jason Hill
Tina Holland
Marie Johnson
Kristina Kapec
Lee Laraby
Charles Lechner
Myong Lesle
Sandra Madison
Rose Nicholia
Zeryl Okray
Brianisha Parker
Tara Parton
Beverly Peterson
Jeremy Phillips
Christopher Pokrivnak
Alvinia Quarles
Rachelle Reynolds
Kenneth Rundle III
George Seeley
Keesha Shaver
Aria Shilanski
Joshua Swan
Terry Taylor
Owen Tittle
Lynnessa Titus
Christopher Tomsha
Sheila Vacek
Malcolm Vance
Mary Ward
Diana White
Gina Williams
Daniel Wilson
Wanda Wingfield
Fay Yaska
U A A C ustomer S ervice
S cholarship
Brandon Carmon
U A A G eneral S upport
Rosann Wallin
U A F M emorial S cholarship
E ndowment
Carolyn Johnson
H elen Van C ampen
J ournalism S cholarship
Lacie Grosvold
J . Van D en T op / T he S uperior
G roup I nc . C onst. M gmt.
Lynnette Warren
V o - T ech P rograms - U A S
Keith Gillespie
Gregory Stopher
J oan and D ick Wadlow
S cholarship
Tabitha Johnson
A lbert O . ( O le ) Wahto
Miriam Braun
Jeremiah Drewel
H elen Walker M emorial
Ashley Fukuoka
Jonathan Williams
B ill Walley M emorial
S cholarship
Nicholas Brewer
G eorge D . Walton M emorial
S cholarship
Sarah Grover
A lden W illiams F light
S cholarship
Raven Ahmed-Kison
J ohn ( W endy ) W illiamson
Christina McDonogh
D onald W ills J acobs
S cholarship
Ricky Lind Jr.
A lice W ilson S cholarship
Victoria Hale
W illiam S . W ilson M emorial
Kelly Houghton
Paul W ingren M emorial
V ocational S cholarship
Brandon Diggins
Thanh Nguyen
Wards C ove S cholarship
Trevor Erdmann
U A S S uccess Award
Jeffrey Isaac Kearns
B ill and H elga Watterson
S cholarship
Duane Davis
U A S A A K etchikan C hapter
S cholarship
Ashley Calco
W elding T echnology
D epartment S cholarship
Travis Wilkinson
U mialik S cholarship
Shauna Bail
Amy Bear
Bret Bohn
Christen Brinkmoeller
Muriel Brower
Deanna Crosby
Kasey Dixon
Philip Egger
Irene Gallahorn
Da-ka-xeen Mehner
Shiona Melovidov
Darcy Mueller
Methanie Ongtooguk
Brittany Richards
Noel Strick
Frieda Tocktoo
Lindsy Townsend
W ells Fargo B ank
Leslie Coffey
U sibelli H onors S cholarship
Kelsey Alexander
Ariana DeAngelis
Megan Emerson
Ellen Hatch
Jasmine Johnson
Katherine Keith
Benjamin Meyer
Amy Rask
Ezra Strong
Jonathan Williams
W illiams A laska P etroleum
H onors P rogram
Katherine Bringold
Jeanette Gabryszak
Mindy Graham
Lindsey Heiserman
Cody Rall
Kyra Sherwood
W ells Fargo B ank
S cholarship - U A S
Christine Aujero
Lori VanSteenwyk
Matthew VanSteenwyk
M innie W. W ells L iterary
C riticism Award and E nglish
L iterature S cholarship
Vanessa Jankowski
D on R . W ithey M emorial
S cholarship
Cameron Taylor
J o A nne W old S cholarship in
J ournalism
Lacie Grosvold
G reg W olf G lobal L ogistics
S cholarship
Tamara Denisova
M elissa J . W olf S cholarship
Pepper Piper
W ood N anook Varsity
S cholarship
Sheena Brown
W illiam and D orothy J ane
W ood Talent G rant
Benjamin Coffroth
Cicely Cox
Matthew Kennedy
Akanit Nakoneczny
Abel Ryan
W illiam O . W ood M emorial
S cholarship
Nicholas Brewer
Kelly Gitter
Nathaniel Raymond
Luisa Sondie
Kortnie Westfall
R ichard K . W oodward
E ndowment S cholarship for
B iological S ciences
Kelly Houghton
J oan C . Y oder M emorial
Jacqueline Cordova
Y ounker Family S cholarship
Marilyn Paukan
Marcello Ramos
Kara Stevens
Amber Walters
40
B rian R . Zelenka M emorial
S cholarship
Ryan Cross
A lbert A . Zucchini
S cholarship
David Kitchens
Y ukon D elta F isheries
D evelopment A ssociation
S cholarship
Kimberly Adams
Meredith Akaren
Aleta Alstrom
Audrey Alstrom
Karl Alstrom
Thomas Alstrom
Tracy Augustine
Victor Augustine
Kimberly Beans
Isaiah Charles
Melanie Dela Rosa
Sonta Hamilton
Tracy Horn
Joel Hunt
Regina Hunt
Philomena Keyes
Bernadine Keyes-Ramirez
Heide Moore
Kateri Okitkun
Melissa Okitkun
N ew E ndowments established in F Y 0 7
T O P 1 0 E ndowments
Connie Boochever Endowment for Arts
Bentley Family Endowment
$9,523,263
Liz Berry Memorial Scholarship
Rasmuson Rare Books
$7,622,503
Dental Education Support
Rasmuson Economics Chair
$7,516,836
Undergraduate Research General Support
International Trade Endowment
$5,078,418
Richard C. & Minnie Crook Scholarship
Ted Stevens Distinguished Professorship
of Marine Policy
$4,653,058
Rasmuson Fisheries
$4,568,391
C.W. Snedden Chair in Journalism
$3,700,222
Fathauer Chair in History
$3,515,945
Fred A. and Inez M. Kubon Scholarship
$3,080,141
Yukon Delta Fisheries Development
Association Scholarship
$2,630,707
Augie Hiebert Scholarship
Emerson J. Collier Memorial
William I. Waugaman Memorial Scholarship
Patricia A. Davis Memorial Scholarship
Women’s Gymnastics Scholarship
Men’s X-Country Running Scholarship
Women’s X-Country Running Scholarship
J im W hisenhant S ki
S cholarship
Anders Gillis
Men’s Basketball Scholarship
Otto William Geist Endowment
Peter Flaig
Michelle Kay
Sarah Meitl
Grant Shimer
Scott Shirar
James Tapp II
Carla Tomsich
Stephen Winslow
Josh Wisneiwski
Gerson Family Memorial Scholarship
Dr. Syun-Ichi Akasofu Endowment
Donn A. Huber Memorial Scholarship
A. Ronald Nerland Memorial Scholarship
Syril’s Rising Star Scholarship
Ken & Susie Morris Award
Aaron Howard Townsend Civil Engineering Scholarship
Ed Earnhart Political Science Scholarship
39
S heri S tears E ducation
S cholarship
Abby Petrozzi
2006-2007 DONOR BILL OF RIGHTS
41
DONOR BILL OF RIGHTS
Philanthropy is based on voluntary action for the common good. It is the tradition of giving and
sharing that is primary to quality of life. To assure that philanthropy merits the respect and trust of
the general public, and that donors and prospective donors can have full confidence in not-for-profit
organizations and causes they are asked to support, we declare that all donors have these rights:
I. To be informed of the organization’s mission, of the way the organization intends to use donated resources, and of its capacity to use donations effectively for their intended purpose.
II. To be informed of the identity of those serving on the organization’s governing board and to
expect the board to exercise prudent judgment in its stewardship responsibilities.
III. To have access to the organization’s most recent financial statements.
IV. To be assured their gifts will be used for the purposes for which they were given.
V. To receive appropriate acknowledgment and recognition.
VI. To be assured that information about their donations is handled with respect and with
confidentiality to the extent provided by law.
VII. To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.
VIII. To be informed whether those seeking donations are volunteers, employees of the
organization or hired solicitors.
IX. To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share. (The University of Alaska Foundation does not share its mailing lists.)
X. To feel free to ask questions when making a donation, and to receive prompt, truthful and forthright answers.
Fairbanks
910 Yukon Drive, Suite 206
P.O. Box 755080
Fairbanks, AK 99775-5080
Phone: 907.450.8030
Fax: 907.450.8031
Anchorage
1815 Bragaw, Ste. 206
Anchorage, AK 99508
Phone: 907.786.1169
Toll Free: 888.907.4823
Email: [email protected]
Web: www.alaska.edu/foundation
UAA Development Office
Phone: 907.786.1251
Fax: 907.786.1957
UAF Development Office
Phone: 907.474.2619
Fax: 907.474.1975
UAS Development Office
Phone: 907.796.6566
Fax: 907.796.6295
U niversity of Al a ska FOU N DATIO N ANN UAL RE PORT
Fiscal year: July 1, 2006 – JUNE 30, 2007
The University of Alaska Foundation is a public nonprofit corporation,
operated as a public charity, which was established in 1974 to solicit,
manage and invest donations for the exclusive benefit of the University of
Alaska. The Foundation is a tax exempt organization as described in Subsection
501 (c) (3) of the Internal Revenue Code. Donations made to the Foundation
are deductible according to schedules established under income and estate
tax regulations.
The Foundation is legally separate and distinct from the University of
Alaska and is organized under its own Articles of Incorporation and Bylaws. It is
governed by its own Board of Trustees which establishes the Foundation’s
investment policy, manages donated property and oversees the distribution of
the Foundation’s assets to its sole beneficiary, the University of Alaska.
The University of Alaska Foundation Annual Report was printed on paper containing 10% post-consumer waste and is recyclable.
U n i v e rsity of Al a ska FOUN DATIO N Ann ual R ep ort
Fin anci al Statements
June 30, 2007 and 2006
( W i t h I nd e p e nde n t Aud i t or ’ s Re p ort T h e r eon )
TA B L E O F C O N T E N T S
Independent Auditor’s Report 2
Statements of Financial Position 3
Statements of Activities 4-5
Statements of Cash Flows 6-7
Notes to Financial Statements
8-13
KPMG LLP
Suite 600
701 West Eighth Avenue
Anchorage, AK 99501
University of Al ask a FOU NDATIO N
STATEMENTS OF FINANCIAL POSITION
June 30, 2007 and 2006
Assets
The Board of Trustees
University of Alaska Foundation:
2006
Cash and cash equivalents
We have audited the accompanying statements of financial position of the University of Alaska
Foundation as of June 30, 2007 and 2006, and the related statements of activities and cash flows
for the years then ended. These financial statements are the responsibility of the University of
Alaska Foundation’s management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United
States America. These standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit
includes consideration of internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Foundation’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects,
the financial position of the University of Alaska Foundation at June 30, 2007 and 2006, and
the changes in its net assets and its cash flows for the years then ended, in conformity with U.S.
generally accepted accounting principles.
The 2007 financial statements include investments valued at $38.2 million, (23.1% of net assets)
whose carrying values have been estimated by management in the absence of readily determinable
fair values. Management’s estimates are based on information provided by the fund managers or
the general partners.
Interest receivable
6,168,989
-
20,497
6,639,563 6,085,330
189,399 205,889
77,363 79,173
424,560 454,439
119,528,125 99,097,957
29,365,174 31,805,809
$ 169,213,410 $ 144,053,329
Escrows receivable
Inventory
Other assets
Pooled endowment funds
Other long term investments
3
L i a b i l i t i e s Due to the University of Alaska
Other liabilities
$
1,920,407 $
1,634,622
272 540
331,739 346,364
Term endowment liability
1,000,000 1,000,000
Total liabilities
3,252,418 2,981,526
Remainder trust obligations
N e t A s s e t s Unrestricted
43,757,289 37,228,379
Temporarily restricted
71,759,108 56,212,188
Permanently restricted
50,444,595 47,631,236
165,960,992 141,071,803 Total liabilities and net assets
KPMG LLP, a U.S. limited liability partnership, is the U.S.
member firm of KPMG International, a Swiss cooperative.
$
135,246
Contributions receivable, net
Total assets
12,931,717 57,509 Short term investments
Total net assets
October 26, 2007
$
S TAT E M E N T S O F F I N A N C I A L P O S I T I O N
I N D E P E N D E N T A U D I T O R ’ S R E P O RT
2
2007 $ 169,213,410 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
$ 144,053,329
U n i v e r s i t y of A l as ka F O UN D ATI ON
STATEMENTS OF ACTIVITIES
For the Years Ended June 30, 2007 and 2006
UNRESTRICTED TEMPORARILY
RESTRICTED
PERMANENTLY
RESTRICTED
UNRESTRICTED 2007
TEMPORARILY
RESTRICTED
PERMANENTLY
RESTRICTED
2006
2,266,503
$ 18,218,886
Revenues, gains and other support
Contributions
$
4,150,193
$
13,033,229 $
2,850,185 $
20,033,607 $ 5,084,053 $ 10,868,330 $
Investment income
1,832,691 1,914,824 -
3,747,515 1,513,066 1,721,348 -
3,234,414
Net realized and unrealized investment gains 4,512,365 12,670,683 -
17,183,048 2,156,903 6,900,657 -
9,057,560 941 124,844 -
125,785 714 101,994 -
102,708
-
(1,500)
(7,151)
(8,651)
-
(726)
30,479 29,753 (25)
(83,145)
(98)
(83,268)
-
(22,985)
(140)
(23,125)
Administrative assessments
340,197 (130,951)
(17,222)
192,024 -
-
-
-
Support from University of Alaska
830,000 -
- 830,000 -
-
-
-
Net assets released from restriction
11,744,234 (11,744,234)
-
-
13,038,023 (13,038,023)
-
-
23,410,596 15,783,750 2,825,714 42,020,060 21,792,759 6,530,595 2,296,842 30,620,196 Other revenues
Actuarial adjustment of remainder trust obligations
Losses on disposition of other assets
Total revenues, gains and other support
E x p e n s e s a n d d i s t r i b u t i o n s Operating expenses
1,620,368 -
-
1,620,368 773,462 -
-
773,462 15,510,503 -
-
15,510,503 15,311,532 -
-
15,311,532 Total expenses and distributions 17,130,871 -
-
17,130,871 16,084,994 -
-
16,084,994 Excess of revenues over expenses
6,279,725 15,783,750 2,825,714 24,889,189 5,707,765 6,530,595 2,296,842 14,535,202 249,185 (236,830)
(12,355)
-
-
43,870 (43,870)
-
6,528,910 15,546,920 2,813,359 24,889,189 5,707,765 6,574,465 2,252,972 14,535,202 37,228,379 56,212,188 47,631,236 141,071,803 31,520,614 49,637,723 45,378,264 126,536,601 50,444,595 $ 165,960,992 $ 37,228,379 $ 56,212,188 $ 47,631,236 $ 141,071,803 Distributions for the benefit of the University of Alaska
Transfers between net asset classes
Increase in net assets
Net assets, beginning of year
Net assets, end of year
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
$
43,757,289 $
71,759,108 $
5
S TAT E M E N T S O F A C T I V I T I E S
S TAT E M E N T S O F A C T I V I T I E S
4
U n i v e r s i t y of A l as ka F O UN D ATI ON
STATEMENTS OF CASH FLOWS
For the Years Ended June 30, 2007 and 2006
2007 Reconciliation of change in net
assets to net cash provided by
operating activities:
2006
Cash flows from operating activities:
S TAT E M E N T S O F C A S H F L O W S
6
Contributions received
$
Investment income received
Distributions for the benefit of the University of Alaska Cash paid for operating expenses
Other receipts
Net cash provided by operating activities
16,436,334 16,473,889 $
3,825,252 3,284,989
(15,234,167)
(16,251,938)
(1,321,274)
(762,967)
958,871 446,270 4,665,016 3,190,243 Change in net assets
2007 7
$
Contributions of noncash assets
Receipts from disposition of assets Net cash used in investing activities
(429,992)
(4,013,027)
16,490 520,418 (413,502)
(3,492,609)
Contributions restricted for permanent investment
2,534,490 2,689,052 Investment income on charitable remainder trusts
40,634 5,518 Payment of charitable remainder trust obligations
(63,910)
(17,256)
2,511,214 2,677,314 Net cash provided by financing activities
14,535,202
(147,167)
(17,183,048)
(9,057,560)
83,268 23,125
4,786 10,287
Non-cash distributions to the University of Alaska
94,099 61,254
Contributions restricted for permanent investment
(2,534,490)
(2,689,052)
8,651 (29,753)
Net realized and unrealized investment gains
Actuarial adjustment of remainder trust obligations
Changes in assets and liabilities: Cash flows from financing activities:
$
(465,577)
Non-cash operating expenses
Net increase in investments
24,889,189 Adjustments to reconcile change in net assets
to net cash provided by operating activities:
Loss on disposition of other assets
Cash flows from investing activities:
2006
(Increase) decrease in interest receivable
(Increase) decrease in contributions receivable
(Increase) decrease in inventory
Increase (decrease) in due to the University of Alaska
Increase (decrease) in other liabilities
Net cash provided by operating activities
$
77,737 50,575
(596,926)
1,420,099
1,810 1,681
285,785 (973,877)
(268)
(14,571)
4,665,016 $
3,190,243
Noncash investing activity
Net increase in cash and cash equivalents
6,762,728 2,374,948 Cash and cash equivalents, beginning of year
6,168,989 3,794,041 Contributions of investment assets
$
355,995 $
98,441
6,168,989 Remainder trust securities received as trustee
$
-
$
658,726
Cash and cash equivalents, end of year
$
12,931,717 $
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
S TAT E M E N T S O F C A S H F L O W S
NOTES TO FINANCIAL STATEMENTS
June 30, 2007 and 2006
1 . O r g a n i z at i o n a n d Su m m a r y of S i g n i f i c a n t A c c ou n t i n g Po l i c i e s
N O T E S T O F I N A N C I A L S TAT E M E N T S
8
O r g a n i z at i o n
The University of Alaska Foundation (foundation) was established May 30, 1974 to solicit donations and to hold and
manage such assets for the exclusive benefit of the University of Alaska. The foundation is a tax-exempt organization
under Section 501(c)(3) of the Internal Revenue Code.
In preparing the financial statements, management is required to make estimates that affect the reported amounts of assets
and liabilities and disclosures of contingent assets and liabilities as of the date of the statement of financial position and
revenue and expenses for the period. Actual results could differ from those estimates. The more significant accounting
and reporting policies and estimates applied in the preparation of the accompanying financial statements are discussed
below.
Ba s i s of P r e s e n tat i o n
These financial statements are prepared on the accrual basis of accounting and focus on the foundation’s resources and
activities as a whole. Net assets and revenues, expenses, distributions, gains and losses are classified based on the existence
or absence of donor-imposed or other external restrictions. Accordingly, net assets of the foundation and changes therein
are classified and reported as follows:
Unrestricted net assets - Assets, net of related liabilities, which are not subject to donor-imposed or o
ther external restrictions.
Temporarily restricted net assets - Assets, net of related liabilities, which are subject to donor-imposed or other
external restrictions that may or will be met by actions of the foundation and/or t he passage of time and
unconditional promises to g
ive that are due in future periods and are not permanently restricted.
Permanently restricted net assets - Assets, net of r elated liabilities, which are subject to donor-imposed or other external restrictions and will be held in perpetuity by the foundation
Revenues are reported as increases in unrestricted net assets, unless use of the earnings is subject to donor-imposed or
other external restrictions. Gains and losses on investments and other assets and changes in liabilities are reported as increases or decreases in unrestricted net assets, unless subject to donor-imposed or other external restrictions. Expirations
of temporary restrictions on net assets through expenditure for the stipulated purpose or the passage of the stipulated time
period are reported as reclassifications between the applicable classes of net assets. Expenses and distributions are reported
as decreases in unrestricted net assets.
Ba s i s of A c c ou n t i n g
The foundation maintains its accounts in accordance with the principles and practices of fund accounting. Fund accounting is a procedure by which resources are classified for accounting purposes in accordance with activities or objectives as
specified by donors, with restrictions or limitations imposed by sources outside the institution, or with directions issued by
the governing board.
All investments, not held for long-term investment, with original maturities of three months or less are reported as cash
and cash equivalents.
Investments in fixed income and equity marketable securities are stated at fair value based on quoted market prices. Investments in private partnership interests are valued using the most current information provided by the general partner.
General partners typically value privately held companies at cost as adjusted based on recent arms’ length transactions.
Public companies are valued using quoted market prices and exchange rates, if applicable. Real estate partnerships and
funds are valued based on appraisals of properties held and conducted by third-party appraisers retained by the general
partner or investment manager. General partners of marketable alternatives provide values based on quoted market prices
and exchange rates for publicly held securities and valuation estimates of derivative instruments. General partners of
Investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk
associated with certain investment securities, it is at least reasonably possible that changes in the values of investment
securities will occur in the near term and that such change could materially affect the amounts reported in the statement
of net assets.
At June 30, 2007, the foundation had approximately $38.2 million in investments which were not readily marketable.
These investments represent 23.6% of total investments and 23% of net assets at June 30, 2007. These investment instruments may contain elements of both credit and market risk. Such risks include, but are not limited to, limited liquidity,
absence of regulatory oversight, dependence upon key individuals, and nondisclosure of portfolio composition. Because
these investments are not readily marketable, their estimated value is subject to uncertainty and therefore may differ from
the value that would have been used had a ready market for such investments existed. Such difference could be material.
The net realized and unrealized appreciation (depreciation) in fair value of investments is reflected in the statement of
activities. Income and net gains on investments of endowment and similar funds are generally reported as increases in permanently restricted net assets if the terms of the respective gift require that they be added to the principal of a permanent
endowment; as increases in temporarily restricted net assets if the terms of the gift impose restrictions on the use of the
income; or as increases in unrestricted net assets in all other cases. Losses on the investments of a donor-restricted endowment fund reduce temporarily restricted net assets to the extent that donor-imposed temporary restrictions on net appreciation of the fund have not been met before the loss occurs. Any remaining losses are classified as underwater endowment
losses and reduce unrestricted net assets. Subsequent gains that restore the fair value of the assets of the endowment fund
to the required level are classified as increases in unrestricted net assets.
Noncash assets are stated at cost basis. The carrying value of donated assets other than marketable securities represents
the fair value of the asset as determined by independent appraisal or management’s estimate at the time of receipt or contribution. Inventories of artworks and books for sale are stated at the lower of cost (first-in, first-out method) or market.
Contributions, including unconditional promises to give, are recognized as revenues in the period received. Conditional
promises to give are not recognized until the conditions on which they depend are substantially met. Contributions of assets other than cash are recorded at their estimated fair value. Contributions expected to be received one year or more in
the future are discounted at a discount rate commensurate with the risks involved. Amortization of discount is recorded
as additional contribution revenue in accordance with donor-imposed restrictions, if any, on the contributions. An allowance for uncollectible contributions receivable is provided based upon management’s judgment including such factors as
prior collection history, type of contribution, and nature of fund-raising activity.
Contributions received for memorials or prospective endowments that have not yet met the minimum requirements for
acceptance as an endowment are accumulated in temporarily restricted accounts. The accumulated contributions are
transferred to permanently restricted endowment accounts when the minimum requirements are fulfilled. If the requirements are not fulfilled, consistent with the conditions of acceptance, the contributions are expended for the purpose
received.
2 . Ca s h a n d Ca s h E q u i va l e n t s
Cash and cash equivalents include the following:
Items in transit, non interest bearing
Interest bearing funds
$
$
2007
3,274,068
9,657,649
12,931,717
$
$
2006
3,530,979
2,638,010
6,168,989
3. Short Term Investments
Short term investments consists of donated marketable securities valued at $0 and $20,498 at June 30, 2007 and 2006,
respectively.
9
U n i v e r s i t y of A lask a FOU N DATION
oil and gas partnerships use third-party appraisers to value properties. Valuations provided by the general partners and
investment managers are evaluated by management and management believes such values are reasonable at June 30, 2007.
Other investments, which consist of equity collateralized debt obligations, are stated at cost. When, in the opinion of
management, there has been a permanent impairment in the asset value, the asset is written down to its fair value. Income
from other investments is recognized when received.
10
In one year or less
Between one year and five years
More than five years
Discount
Allowance for uncollectible accounts
$
$
2007
5,411,864
1,211,528
215,531
6,838,923
(198,476)
(884)
6,639,563
$
$
2006
4,945,770
1,263,722
11,700
6,221,192
(124,752)
(11,110)
6,085,330
Included in contributions receivable was $4.0 million and $3.7 million at June 30, 2007 and 2006, respectively, due pursuant
to a charter agreement between certain oil companies and the State of Alaska. The agreement provides that annually, these
oil companies will designate an amount based on aggregate net Alaska liquids production after royalty and the price for West
Texas Intermediate crude oil for funding charitable organizations and causes within Alaska. The agreement specifies that 30%
of this amount be given to the University of Alaska Foundation and the remainder to general community needs. Commitments applicable to any periods subsequent to June 30, 2007 have not been formally communicated to the foundation, nor
are they reasonably estimable and are therefore not included in the accompanying financial statements.
5 . E s c r ow s R e c e i va b l e
The foundation’s escrows receivable are secured by deeds of trust from land sales, payable in monthly installments including interest of 7.25% to 10%.
6. Real Property
Under a cooperative agreement with the University of Alaska, the net proceeds from the sale of gifted real estate by the
university, unless otherwise specified by the donor or the university president, will be transferred to the foundation to be
managed in accordance with donor intent. Proceeds transferred to the foundation were $0 and $327,818 for the years
ended June 30, 2007 and 2006, respectively.
Ownership of the net assets of the Consolidated Endowment Fund is as follows:
University of Alaska
$
$
2007
119,528,124
147,015,826
266,543,950
$
$
2006
99,097,957
125,053,368
224,151,325
Investment management, custodial and consulting fees for the foundation’s pooled endowment funds totaled $209,063
and $163,148 for the years ended June 30, 2007 and 2006, respectively. These fees have been included as reductions to
investment income.
The calculation of the annual spending allowance is based on 4.5 percent of the five-year moving average of the December
31 market values of the endowment fund, not to exceed the unexpended accumulated earnings of the fund at December 31.
11
8 . O t h e r Lo n g T e r m I n v e s t m e n t s
Other long term investments include the following:
Fixed income securities
Equity securities
Real estate partnerships
$
$
2007
20,662
28,384,792
633,320
326,400
29,365,174 $
$
2006
25,302
31,218,144
512,363
50,000
31,805,809
Investment custodial and management fees for other long term investments totaled $50,702 and $45,435 for the years
ended June 30, 2007 and 2006, respectively. These fees have been included as reductions to investment income.
9 . S p l i t I n t e r e s t O b l i g at i o n s
The foundation has established charitable remainder trust and charitable gift annuity plans. These plans specify that
donors may contribute assets to the foundation in exchange for the right to receive a fixed dollar or fixed percentage
annual return. The difference between the amount of the gift and the present value of the liability for future payments,
determined on an actuarial basis, is recognized as a contribution at the date of the gift. The split interest obligations are
revalued annually and any resulting actuarial gain or loss is recorded as a change in net assets.
7 . Poo l e d E n dow m e n t F u n d s
Effective July 1, 1997, management of the university’s land grant trust fund was transferred from the State Department of
Revenue to the university. The foundation and the university agreed to consolidate the foundation’s pooled endowment
funds and the university’s land grant trust funds into a Consolidated Endowment Fund (fund) for investment purposes.
The foundation’s investment represents 45% and 44% of the total fund at June 30, 2007 and 2006, respectively. The
fund is managed by the foundation’s investment committee under the “total return” concept of investment management
intended to preserve and maintain the purchasing power of the principal. The net assets and related activity for their
respective investment in the fund are reflected in the financial statements of the foundation and the university.
1 0 . T e r m E n dow m e n t L i a b i l i t y
In July 1997 the foundation accepted a term endowment. Earnings from the endowment are restricted for the maintenance of a student housing facility. The agreement with the donor requires the original principal of the endowment to
remain inviolate until April 30, 2020 at which time the original principal and the unexpended earnings, if any, will be
returned to the donor. The original principal of $1,000,000 is recorded as a liability at June 30, 2007 and 2006.
The fund uses a unitized system to account for each participant’s interest. Contributions to and withdrawals from the
fund result in an increase or decrease in the number of units owned and are based on the unit value at the beginning of
the month in which the contribution or withdrawal is made. Large additions to the fund are initially invested in cash and
cash equivalents and dollar-cost-averaged into the investment pool over a ten month period. Investment income, fees and
realized and unrealized gains and losses are distributed monthly to participating funds on a per unit basis. Investment
income net of fees increases the number of units outstanding, while realized and unrealized gains and losses affect the per
unit value.
2007
Available for current operations - amounts not designated by management
for specific purposes or subject to donor-imposed restrictions
$ 7,425,734 The Consolidated Endowment Fund includes the following:
Fixed income securities
Equity securities
Alternative investments
Real estate partnerships and
investment trusts
Other investments
Other
$
$
2007
8,363,462
46,635,976
130,682,689
64,679,787
12,521,293
3,556,498
104,245
266,543,950 $
$
2006
7,920,880
41,994,634
108,790,597
50,863,337
10,382,193
4,000,000
199,684
224,151,325
11. Net Assets
Unrestricted net assets consisted of the following:
2006
$
5,604,321
Designated for specific purposes - spendable earnings of quasi
endowment funds and amounts designated for specific purposes
by management
12,298,314
12,006,956
Quasi endowments - corpus of board designated endowment funds 15,984,063
14,364,762
Unexpended endowment earnings - accumulated earnings in excess
of designated spending limits for quasi endowment funds not subject
to donor-imposed restrictions 8,049,178
5,252,340
$ 43,757,289 $ 37,228,379
S N O T E S T O F I N A N C I A L S TAT E M E N T S
4 . Co n t r i b u t i o n s R e c e i va b l e
Unconditional promises to make contributions are included in the financial statements as contributions receivable and
temporarily restricted revenue. Contributions receivable at June 30, 2007 and 2006 were recorded at the discounted
present value of the future cash flows using a discount rate of 5% through June 30, 2002, 2.5% from July 1, 2002 through
June 30, 2005, and 5% after that date. Contributions receivable are expected to be realized in the following periods:
N O T E S T O F I N A N C I A L A S TAT E M E N T S
12
Restricted for specific purposes - spendable earnings of endowment 2007
2006
funds and other non-endowment net assets subject to donor
imposed restrictions
$ 22,703,734 $ 21,011,333
Unconditional promises to give – contributions receivable in
future periods that are not subject to donor imposed restrictions 4,024,720
3,682,246
Quasi endowments - corpus of funds subject to donor imposed
restrictions designated by the board as endowment funds 6,952,040
4,962,315
Endowments - corpus of term funded endowments 3,660,440
3,660,440
Unexpended endowment earnings - accumulated earnings in excess
of designated spending limits for endowment funds subject to
donor-imposed restrictions
34,418,174
22,895,854
$ 71,759,108 $ 56,212,188
Permanently restricted net assets consisted of the following:
Endowments - corpus of endowment funds required by donor to
be invested in perpetuity
$ 49,955,050 $ 47,134,540
Charitable remainder trusts - annuity trusts and unitrusts
required by donor to be invested in perpetuity 489,545
496,696
$ 50,444,595 $ 47,631,236
12. Net Ass e t s R e l eas ed f r o m R e s t r i c t ion
Net assets were released from donor restrictions by incurring expenses satisfying the restricted purpose, collecting payment
on unconditional promises to give or by occurrence of other events specified by donors.
1 3 . D i s t r i b u t i o n s fo r t h e B e n e f i t of t h e U n i v e r s i t y of A l a s k a
Distributions for the benefit of the University of Alaska, by functional classification, for the years ended June 30, 2007
and 2006 were as follows:
2007
University of Alaska Anchorage
Engineering
$
520,708 General
3,520,363
Liberal arts, human and rural development
115,283 Library
13,946
Management/business administration
174,821
Research
82,883
Student aid
684,926
5,112,930
2006
$
406,536
3,072,987
54,919
795
200,054
90,436
771,013
4,596,740
University of Alaska Fairbanks
Engineering
46,772
20,788
General
3,583,154
2,184,618
KUAC radio and television 842,092
846,226
186,310
96,568
Library
150,267
75,960
Management/business administration
76,935
1,428
Museum
1,010,461
3,391,008
Natural sciences, agriculture and land resources
201,074
159,910
Research
777,849
481,262
Student aid 1,315,330
1,049,705
8,190,244
8,307,473
2007
2006
University of Alaska Southeast
General
743,867
396,247
4,539
4,257
Library
14,575
4,927
Natural sciences, agriculture and land resources
3,499
Student aid
211,348
204,174
977,828 609,605
University of Alaska General
1,217,966
1,795,214
Student Aid
11,535
2,500
1,229,501
1,797,714
$ 15,510,503
$ 15,311,532
14. Assets Held in Trust By Others
The University of Alaska is a beneficiary of The Bentley Beneficiaries Trust which is managed by an independent trustee.
In accordance with University of Alaska policy, the university’s interest in this trust will accrue to the foundation. Distributions from the trust have been recorded by the foundation as unrestricted income during the period the distributions
were received. Management’s estimate of fair value of the university’s undivided one-eighth (12.5%) interest in the trust
at June 30, 2007 and 2006 is approximately $2.6 and $3.0 million, respectively. The principal of the trust has not been
recorded in the accounts of the university or the foundation.
The foundation is a remainder beneficiary of The Metcalf Family Trust which is managed by an independent trustee.
Management’s estimate of fair value of the foundation’s undivided one-half (50%) interest in the trust was approximately
$0.5 and $0.4 million at June 30, 2007 and 2006, respectively. Since the foundation does not have control over the trust
assets and cash flows cannot be reasonably estimated, the principal of the trust has not been recorded in the accounts of
the foundation.
The University of Alaska is a remainder beneficiary of The Anthony John Nordale Trust and The Anthony John Nordale
Reserve Trust. These trusts are managed by an independent trustee. In accordance with University of Alaska policy, the
university’s interest in these trusts will accrue to the foundation. Management’s estimate of fair value of the university’s
undivided one-half (50%) interest in the Anthony John Nordale Trust at June 30, 2007 and 2006 is approximately $0.4
and $0.3 million, respectively. Management’s estimate of fair value of the university’s undivided one-half (50%) interest
in the Anthony John Nordale Reserve Trust at June 30, 2007 and 2006 is approximately $1.1 million and $0.9 million,
respectively. Since neither the university nor the foundation have control over the trust assets and cash flows cannot be
reasonably estimated, the principal of the trusts has not been recorded in the accounts of the university or the foundation.
1 5 . A d m i n i s t r at i v e A s s e s s m e n t s
Beginning July 1, 2006, the foundation charges assessments to cover administrative and fundraising expenses as follows.
Gifts – All cash gifts are assessed 1% of the gift value at the time of the gift. Noncash gifts are assessed 1% at the time of conversion to cash by the foundation, based on the proceeds received.
Endowments – 1% is assessed by the foundation annually based on the asset valuation at the end of the previous calendar year.
Land Grant Trust Fund Assets - .16% is assessed by the foundation annually based on the asset valuation of the university’s land grant trust fund assets invested by the foundation as of the end of the previous calendar year.
1 6 . R e l at e d Pa r t y T r a n s a c t i o n s
The University of Alaska provided payment to the foundation in the amount of $0.8 million for institutional support
during the year ended June 30, 2007. The university also provides administrative and accounting support for the foundation. In an effort to become more self-sufficient, the foundation reimbursed the university $1.6 and $0.7 million for these
services for the years ended June 30, 2007 and 2006, respectively. These reimbursements are included in the statements of
activities as operating expenses.
13
Temporarily restricted net assets consisted of the following:
Fairbanks
910 Yukon Drive, Suite 206
P.O. Box 755080
Fairbanks, AK 99775-5080
Phone: 907.450.8030
Fax: 907.450.8031
Anchorage
1815 Bragaw, Ste. 206
Anchorage, AK 99508
Phone: 907.786.1169
Toll Free: 888.907.4823
Email: [email protected]
Web: www.alaska.edu/foundation
UAA Development Office
Phone: 907.786.1251
Fax: 907.786.1957
UAF Development Office
Phone: 907.474.2619
Fax: 907.474.1975
UAS Development Office
Phone: 907.796.6566
Fax: 907.796.6295
U n i v e rsity of Al a ska FOUN DATIO N ANN UAL REP O RT
Fiscal year: july 1, 2006 − June 30, 20007
The University of Alaska Foundation is a public nonprofit corporation, operated as a public
charity, which was established in 1974 to solicit, manage and invest donations for the exclusive
benefit of the University of Alaska. The Foundation is a tax exempt organization as described
in Subsection 501 (c) (3) of the Internal Revenue Code. Donations made to the Foundation
are deductible according to schedules established under income and estate tax regulations.
The Foundation is legally separate and distinct from the University of Alaska and is organized
under its own Articles of Incorporation and Bylaws. It is governed by its own Board of
Trustees which establishes the Foundation’s investment policy, manages donated property
and oversees the distribution of the Foundation’s assets to its sole beneficiary, the University
of Alaska.
The University of Alaska Foundation Annual Report was printed on paper containing 10% post consumer waste and is recyclable.

University of AlAskA FOUnDAtiOn AnnUAl rePOrt

Transcription

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