a ripple throughout time

Transcription

A RIPPLE THROUGHOUT TIME
U nive rsity of A lask a F OUND ATI ON ANN UAL RE PORT
Fiscal year: July 1, 2007 – JUNE 30, 2008
A RIPPLE THROUGHOUT TIME
As the state of Alaska turns 50, it’s a time for both reflection, and
looking forward. Four decades before statehood, the University of
Alaska began a tradition of educating, enriching and enlightening
generations of students who have gone on to make significant
achievements and contributions in this great state. Thanks to the
generosity of many, this legacy will continue for years to come,
and the ripple will go on and on…
TA B L E O F C O N T E N T S
Letter from the Leaders 3
Foundation Leader List 4
Giving Stories 5
Giving Recognition
13
Educational Tax Credit
20
Estate Giving
21
Tax Benefits
22
Getting Ready for Success
23
Culture of Giving
25
Research
27
Ways of Giving
29
Scholarship Recipients
31
Donor Bill of Rights
43
Financial Statements
44
Statements of Financial Position
46
Statements of Activities
47
Statements of Cash Flows 49
Notes to Financial Statements
51
4
P ro v iding O pportunit y T hrough A ction
F Y 0 8 F O U N D AT I O N L E A D E R S
2008 was a year of unparalleled generosity at the University of Alaska. This annual report captures only
BOARD OF TRUSTEES
E x ecuti v e C ommittee
F inance and A udit C ommittee
a few of the many stories about those who took action to place opportunity within the reach of others.
Ann Parrish, Board Chair
Ann Parrish, Chair
Ann Parrish, Chair
Sharon Gagnon, Vice Chair
Sharon Gagnon
Will Anderson
Mike Felix, Secretary
Mike Felix
Laraine Derr
Will Anderson
Mark Hamilton
Darren Franz
Carla Beam
Grace Schaible
Cheryl Frasca
Alison Browne
Mary Rutherford, Ex-officio
Garry Hutchison
You’ll read the story of Ruth Danner, who never dreamed of earning a college diploma, let alone
establishing a university scholarship. This report also highlights the Mellon Foundation’s creation
of the Dissertation Fellowship Program. You’ll read the story of Chick and Carolyne Wallace, who
asked friends to contribute to a scholarship for spouses of active duty soldiers in recognition of their
50th wedding anniversary. You’ll also learn of the largest single corporate gift in the university’s
history, which will create the university’s largest endowment in support of science and engineering.
Generosity like this enables UA to make possible the impossible. Last year more than 6,400 contributors
Jeff Cook
Wendy King
Laraine Derr
C ommittee on T rusteeship
Robb Milne
Ted Fathauer
Arliss Sturgulewski, Chair
Bob Mitchell
Greg Gursey
Sharon Gagnon
Melody Schneider
Jack Griffin
Mary Hughes
committed $31 million for the benefit of Alaska’s university and its students. Numerous donors
Mark Hamilton
Ann Parrish
designated these gifts to a specific purpose, while others gave unrestricted gifts, allowing the university
Mary Hughes
Carolyne Wallace
I n v estment C ommittee
to use those contributions in priority areas. This giving helps create the margin of excellence that is
Steve Jones
Eric Wohlforth, Chair
impossible without private support.
Wendy King
Mike Burns
Bill MacKay
D e v elopment C ommittee
Gary Dalton
In the years ahead the university will continue focusing on areas of relevance to our state and our
Carl Marrs
Mike Felix, Chair
Greg Gursey
nation: K-12, energy, engineering and construction management, climate, health programs, workforce
Jo Michalski
Carla Beam
Winthrop Gruening
development and campus programs. But we can’t reach our true potential without you – our amazing
Robb Milne
Alison Browne
Jim Lund
supporters. Whether you’re interested in supporting students through scholarships; faculty through chairs; or
Rick Mystrom
Ted Fathauer
Brian Rogers
specific programs, capital or equipment through direct support – you can play a positive role in our future.
John Pugh
Sharon Gagnon
Robert Storer
Tara Sweeney
Mary Hughes
Ann Parrish, Ex-officio
Fran Ulmer
Bill MacKay
Carolyne Wallace
Jo Michalski
Eric Wohlforth
Rick Mystrom
Phil Younker, Sr.
Ann Parrish, Ex-officio
Your support demonstrates your personal commitment to making Alaska the best it can possibly be.
Thank you for your generosity and vision.
E meritus T rustee S
Brian Brundin, Deceased
John Hughes
Thomas Jensen
Grace Schaible
Arliss Sturgulewski
From left to right: Mary Rutherford, Foundation
President; Mark Hamilton, University President;
Ann Parrish, Foundation Board Chair
The University of Alaska Foundation seeks, secures and stewards philanthropic support to build excellence at the University of Alaska.
2 0 0 7 - 2 0 0 8 F O U N D AT I O N L E A D E R S
2007-2008 LETTER FROM THE BOARD CHAIR AND UNIVERSITY PRESIDENT
3
Alaska’s 50th anniversary may only last one year, but the celebration will continue through UA’s multi-faceted
project, “Eight Stars of Gold: Fostering a Spirit of Civic Engagement in Modern Alaska.”
A L A S K A’ S F L A G
A Musical Gift
The goal of Eight Stars of Gold, which focuses on developing youth leadership, encouraging civic engagement and
supporting historic preservation, is to commemorate the 50th anniversary of Alaska’s statehood and create legacy
projects that persist long after the anniversary year ends.
Did you know the UA Foundation
owns the copyright for the
state song, “Alaska’s Flag”?
“Ultimately, the Eight Stars of Gold project is about the power of remembrance and the courage it takes to face
The copyright was given to
the unknown of tomorrow,” said UA’s Karen Perdue, who is overseeing the project. “Eight Stars of Gold is
the Foundation by songwriter
dedicated to the proposition that genuine strength and humility comes from a greater knowledge of the past.”
Marie Drake and composer
Elinor Dusenbury, who gave
Inspired by Alaska’s state flag, designed by the late Benny Benson, and the state song, “Alaska’s Flag,” by the late
their musical gift as a testament
Marie Drake, UA undertook eight separate initiatives as part of the project:
of their belief in the UA mission.
To request permission to use
the song in print, please contact
Tami Choquette at 907.786.1169
or [email protected].
Music by Elinor Dusenbury
Words by Marie Drake
Eight stars of gold on a field of blue,
Alaska’s flag, may it mean to you:
The blue of the sea, the evening sky,
The mountain lakes, and the
flow’rs nearby;
The gold of the early sourdough
“The goal of ‘Eight Stars of Gold’ is
to create legacy projects that live long
after the anniversary year ends.”
k aren pe R due
u A A ssociate v ice president
shining high,
The great North Star with its
and streams;
The “Bear,” the “Dipper,” and
The precious gold of the hills
northern sky,
dreams,
The brilliant stars in the
E ight S tars
• At the UAA Student Constitutional Convention last April, 70 student delegates gathered to craft,
debate and vote on 14 proposed resolutions.
• The October 2008 Alaska Historical Society Conference looked back at 50 years of statehood, while
also discussing current issues and Alaska’s next 50 years.
• The Forum of Young Alaskans in October encouraged hundreds of youth to appreciate Alaska’s history
and heritage and help plan for Alaska’s future.
• The Conference of Young Alaskans in January 2009 will bring together 55 young delegates from across
the state to consider and provide recommendations on important state issues.
• The life of E.L. “Bob” Bartlett, Alaska’s first senator, was commemorated in an hour-long documentary,
which aired on KUAC/AlaskaOne in December.
• The Statehood Book Series, being published by the University of Alaska Press and featuring top Alaska
writers, will serve as a permanent record of Alaska’s past and hopes for the future.
• The Oral History Series seeks to collect and preserve oral and written histories from prominent Alaska
pioneers, politicians, business and civic leaders.
• The Traveling Statehood Exhibit provided an opportunity for Alaskans to learn about the struggles and
triumphs of the journey to statehood.
of G old A Lasting Celebration of Alaska’s 50th Anniversary
The inspiring effort to commemorate Alaska’s 50th anniversary through a series of lasting projects was made possible by the
contributions of several generous companies and organizations.
steady light,
O’er land and sea a beacon bright,
Alaska’s flag to Alaskans dear,
The simple flag of the last frontier.
© 1985 University of Alaska Foundation
A special thank you to the Alaska Humanities Forum and ConocoPhillips for their support of the UAA Student Constitutional
Convention; BP Exploration (Alaska) Inc. for underwriting the Alaska Historical Society Conference; AT&T Alascom and the
AT&T Foundation for funding the Forum of Young Alaskans; Northrim Bank for sponsoring the Conference of Young Alaskans;
and New York Life and the New York Life Foundation for investing in the Bartlett documentary.
“These companies and organizations, along with most Alaskans, believe in a state whose future shines as brightly as the eight stars
on our state flag,” said UA president Mark Hamilton. “This project wouldn’t have been possible without their commitment.”
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2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: E I G H T S TA R S O F G O L D
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: E I G H T S TA R S O F G O L D
5
April 2008 was a historic month for the university and the state. ConocoPhillips Alaska, Inc. pledged an
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: C O N O C O P H I L L I P S
as well as the largest gift the company has ever made in Alaska.
“This gift is an excellent example of university/community partnerships. ConocoPhillips knows that the
university’s mission to provide education, training and research helps to develop Alaska’s economy. Our efforts to
expand the number of engineers and scientists will help employers hire locally,” said UAA chancellor Fran Ulmer.
In honor of this pledge, and in recognition of the company’s generous past support, UAA’s new Integrated Science
Building will carry ConocoPhillips’ name when it opens its doors in the fall of 2009. Like ConocoPhillips’ momentous
gift, the new building will offer many benefits to the university community – both today and well into the future.
“One of the great advantages of the Integrated Science Building will be the co-localization of science faculty
in order to foster collaboration and communication between us and our students. It will also make sharing of
equipment much more convenient,” said Jocelyn E. Krebs, PhD, an associate professor in UAA’s department of
biological sciences.
Of the $15 million gift, $4 million will be used to purchase equipment for the new building, while the remaining
$11 million will establish the ConocoPhillips Arctic Science and Engineering Endowment, which will be used to
From left to right: jim bowles, Fran ulmer, Mark hamilton
“By creating the ConocoPhillips Arctic Science
and Engineering Endowment, ConocoPhillips is
ensuring the impact of this gift will last forever.”
mar k hamilton
uni v ersit y of alas k a president
help increase understanding of engineering and natural sciences in northern climates and communities. When fully
funded in 2016, the endowment is expected to generate at least $500,000 in distributions annually.
“By creating the ConocoPhillips Arctic Science and Engineering Endowment, ConocoPhillips is ensuring the
impact of this gift will last forever,” said Mark Hamilton, UA president.
“With this endowment we can expand our program here at UAA, purchase equipment if needed, and provide
other necessary support for UAA’s science and engineering students and faculty,” Hamilton added. “It’s an
incredibly generous gift that will go a long way toward meeting the needs of our state.”
H istoric G ift I mpacts T oday
and T omorrow
ConocoPhillips Endowment Will Support Science and Engineering
ConocoPhillips Alaska, Inc., the number one producer of oil and gas in the state, has a tradition of strong community support
– including a long-standing commitment to supporting the university. In addition to the historic $15 million pledge made to
UAA in 2008, ConocoPhillips has also provided $20 million in unrestricted support to the university system since 1999.
“This pledge to the University of Alaska continues our tradition of investing in quality training and education opportunities in
Alaska,” said Jim Bowles, president of ConocoPhillips Alaska. “Our company is investing in the university’s arctic science and
engineering programs to create the scientists and engineers of tomorrow. We hope that funding these programs at the University
of Alaska Anchorage will encourage students to stay in Alaska, work in Alaska and foster innovative thought in our state.”
8
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: C O N O C O P H I L L I P S
unprecedented $15 million to UAA, marking the largest single corporate gift the university has ever received,
7
9
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2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: C H I C K A N D C A R O LY N E WA L L A C E
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: B R I A N A N D C A R O LY N B R U N D I N
“As UA students, as a faculty member,
regent, trustee and as supporters, Brian
and Carolyn Brundin set an example for
service that will not soon be duplicated.”
ann parrish
U A F oundation chair
“The debt we owe to the many
fine men and women for the
sacrifices they have made for
our country is beyond measure.”
chic k and caroly ne wallace
in this photo: Brian Brundin
H onoring a L ifetime
of C ommitment to U A
From Left to right: chick and carolyne wallace
Photo BY Kelly Atlee, Portraits Photography
A C E L E B R AT I O N W I T H A CA US E
Brian and Carolyn Brundin Set Example for Service
Couple’s Golden Anniversary Benefits Students
This year UA said farewell to two of its staunchest supporters: UA Foundation
founding trustee Brian Brundin and his wife, Carolyn, who both passed away in 2008.
Chick and Carolyne Wallace celebrated their 50th wedding anniversary in a unique
way – by gathering friends and family to raise money to establish the Chick and
Carolyne Wallace Scholarship. The scholarship will support UA students who are
spouses of active duty soldiers.
The Brundins shared a long history with the university. In 1957 Brundin enrolled at
UAF, where he met his future wife during his senior year. After graduation the couple
moved to Boston where Brundin completed his law degree at Harvard. He then joined
the Army and was stationed at Fort Richardson in Anchorage. Following his discharge,
Brundin joined an Anchorage law firm and began teaching at UAA.
In 1969, at the age of 30, Brundin joined the UA Board of Regents – becoming the
youngest regent ever appointed. In 1974 he was responsible for establishing the UA
Foundation and served on the Foundation board from its inception.
“Brian enriched the Foundation through his service, personal energy and financial
support,” said Ann Parrish, UA Foundation chair. “Brian and Carolyn’s warm regard
for the university shone through in their long association with the institution. As UA
students, as a faculty member, regent, trustee and as supporters, Brian and Carolyn
Brundin set an example for service that will not soon be duplicated.”
“The debt we owe to the many fine men and women in uniform and their dependents,
for the sacrifices they have made and are making every day for our country and our
way of life is beyond measure. We are working to grow this scholarship to contribute
to the education of those serving or their dependents,” the couple said.
The scholarship is the latest way the Wallaces have shown their support of the university
and the military community. For the past 30 years they have volunteered their time
and opened their hearts and home to a multitude of good causes.
The couple also demonstrated their commitment through their long careers at the university.
Chick retired as the UAF director of facilities services, while Carolyne retired after 29
years with UAF’s College of Natural Resources Management.
The late Alan B. Christopherson, a well-known civil engineer in Alaska, understood the importance of maintaining
a strong engineering education program and dedicated his personal and professional efforts to making a difference
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2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: A lan B . C hristopherson
in the state.
Christopherson, who was born in Seattle, Washington, earned a bachelor’s degree in civil engineering from the
University of Washington and, later, a master’s degree in civil engineering from UAA. He came to Alaska in
1975 to begin his career at Alyeska Pipeline Service Company. He then worked for R&M Consultants before
joining PND Engineers in 1981.
During his career, Christopherson played a role in many noteworthy projects, including the Alaska SeaLife
Center, Whittier Access Tunnel, Kuparuk River Bridge, and Alyeska’s spill response facility in Valdez.
Throughout his career Christopherson also strove to improve engineering education and encourage engineering
students in Alaska. He was a dedicated donor and an active UAA alumnus who consistently participated in the
“He was especially committed to
young engineers, so the scholarship
fund is an ideal way to honor his
life and continue his legacy of
mentoring and encouraging
engineering students.”
M A RY C hristopherson
university’s annual engineering week, which is designed to introduce young people to the engineering
profession while providing educational opportunities to aspiring engineers.
It was this deep-seated commitment that motivated Christopherson and his wife, Mary, to create the endowed
Alan B. Christopherson Civil Engineering Scholarship Fund to help civil engineering students complete
their education.
Christopherson, who was diagnosed with cancer, passed away on Feb. 1, 2008, at the age of 55.
“Giving back was always important to Alan,” his wife said. “He was especially committed to young engineers,
so the scholarship fund is an ideal way to honor his life and continue his legacy of mentoring and encouraging
engineering students.”
E ngineering
ABOVE: Alan B. Christopherson
a S trong F uture
Scholarship Remembers Husband, Father, Engineer
The Christopherson family’s support of engineering education at UA comes at an optimal time. The need for Alaska-grown
engineers is high – and continues to increase – due to general industry growth, a soon-to-be retiring workforce, and the
possibility of massive new projects, such as the Alaska natural gas pipeline, on the horizon.
Responding to the needs of Alaska’s engineering industry, the university recently made a commitment to double the number
of engineering graduates by the year 2012, bringing the total number of UA graduates to at least 200 per year.
While the effort is still in its early stages, the university is already seeing a positive upward trend. For example, enrollment in
UAA’s engineering programs has grown 20 percent a year for the past three years and UAF saw an 85 percent increase in
incoming freshman engineering students during the fall 2007 semester alone.
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: A lan B . C hristopherson
11
2007-2008 LIFETIME GIVING RECOGNITION
13
LIFETIME GIVING RECOGNITION
BUNNELL SOCIETY
Recognizes those individuals and organizations who made gifts or pledges of $1,000,000 over their lifetime.
indi v iduals
Robert B. Atwood+
Isabel Beeler+
Edith R. Bullock+
Ronald F. Cosgrave
Nathan I. Gerson+
Lenore A. Hedla
John C. Hughes
Fred A. Kubon+
Elmer E.+ and Mary Rasmuson
Grace Berg Schaible*
Frankie Wakefield+
W. Dean and Ana Weidner
Denali Center/Fairbanks
Memorial Hospital*
First Interstate Bank
First National Bank Alaska*
Bill and Melinda Gates
Foundation
Glacier Fish Company
Golden Alaska Seafoods
Highland Light
Holland America Line
KeyBank
Andrew W. Mellon Foundation
M. J. Murdock Charitable Trust
Northrim Bank
Peter Pan Seafoods
O R G A N I Z AT I O N S
Alaska Airlines
Alaska Ocean Seafood
Alyeska Pipeline Service Company*
American Seafoods Company
Anchorage Daily News
Arctic Storm
Atwood Foundation
Bentley Family Trust
Helen M. Bentley Trust
BP Exploration of Alaska*
Chevron
ConocoPhillips Alaska*
Council for Better Corporate
Citizenship
Providence Health System
in Alaska
Rasmuson Foundation
Schlumberger GeoQuest
Alfred P. Sloan Foundation
Starbound
Trident Seafoods
Umialik Insurance
Unocal Corporation
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.
indi v iduals
Caroline M. Coons+
John P. Doyle+
Marie George+
W. F. Meek+
Joseph E. Usibelli and Peggy
Shumaker*
Beatrice Wenger
Providence Alaska Medical
Center
Siemens Building Technologies
Totem Ocean Trailer Express
(TOTE)
Trimble Navigation
Alaska Regional Hospital
CARRS/Safeway
CIRI
Flint Hills Resources Alaska
IBM
W. K. Kellogg Foundation
MAPCO Alaska Petroleum
alas k a societ y
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.
indi v iduals
Dr. Walt and Marita Babula
Isabel J. Beeler+
Jane H. Behlke
Mary Emily Carlson+
Dr. J. Michael and Ginger Carroll
Edward and Alene Christiansen
J. Robert Claus+
Emerson J. Collier+
John P. Doyle+
John B. Hakala+
Ruth Hewett
Mary K. Hughes and Andrew Eker
Leonard and Tannie Hyde
Dorothy Johnson+
William P. Johnson, Jr.
James and Mary Lou King
Dinah Larsen
Robert L. Lathrop
Seng Tee Lee
Howard I. Mackey+
James and Barbara Matthews
Fannie Mae McDaniel+
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+
Dorothy Jean Ray+
Bill and Frances Ray+
Paul and Terry Reichardt*
Leo F. Rhode+
Clifford and Patricia Rogers
Jon Rubini and Suzanne La Pierre
Robert C. Ruff+
Craig Salsbury and Barbara Pomar
Governor Bill Sheffield
Oro R. Stewart+
William G. Stroecker*
Veronica D. Tisdale
Elizabeth A. Tower
Joe and Ann Tremarello
Jerry E. Ulmer
Usibelli Family
Jon and Jona Van Zyle
Charles West+
Sandra M. Winnen
Sydney Woll+
Mark and Kathleen Wood
Dale and M. Jeanne Yoder
Alaska Aerospace Development
Corporation
Alaska Kidney Foundation
Alaska Native Tribal Health
Consortium
Alaska Railroad
Allen Foundation for the Arts
Anadarko Petroleum
Aramark
Arctic Slope Regional Corporation
Asahi Brewery Foundation
ASRC Energy Services
Association of Performing Arts Presenters
AT&T Alaska/AT&T Foundation
Bartlett Regional Hospital
Benton Bay Lions Club
Blueliner Booster Club
Bob Bartlett Memorial Foundation
Chenega Corporation
Liz Claiborne & Art Ortenberg
Foundation
Crook Trust
Eagle Insurance Group
Exxon Company USA
Fairbanks Daily News-Miner
Ford Foundation
Ford Motor Company
Fred Meyer Charitable Trust
GCI
HP
Icicle Seafoods
Inlet Salmon
Intel Corporation
Kendall Auto Group
Luther Hess Trust
Mat-Su Regional Medical Center
Jessie O’Bryan McIntosh Trust
Microsoft Corporation
Morris Communications
+Denotes deceased
*Includes contributions to KUAC. Donations to AlaskaOne are recognized by that organization, outside the UA Foundation.
C O N S O L I D AT E D E N D O W M E N T F U N D A N N U A L T O TA L R E T U R N
20
+Denotes deceased
15
18.05%
14.24%
11.02%
12.32%
10.39%
10
P R I V AT E S U P P O R T F O R T H E U N I V E R S I T Y O F A L A S K A
32
$31,067,594
30
28
26
24
$23,158,276
22
18
$18,425,862
16
$14,629,346
14
5
N umber of donors
supporting the
uni v ersit y of alas k a
-
4,795
5,223
4,717
5,912
6,448
-2.41%
0
-5
FYO4
FY05
FY06
FY07
FY08
20
$17,719,539
Corporation
Mt McKinley Mutual
Savings Bank*
NANA Development Corporation
National Bank of Alaska
Nature Conservancy
NERCO
New York Life Insurance*
North America Insurance Co.
The Bernard Osher Foundation
OSI Software
Primavera Systems
Princess Cruises and Tours
Seekins Ford-Lincoln-Mercury
Shell Exploration & Production
Company
Shivers Trading & Operating
Company
Sportsmedicine Fairbanks
Standard Oil Company
State Farm Insurance
T. Rowe Price*
Teck Cominco Alaska
Tesoro Petroleum
UAS Alumni Association
UPS
Wards Cove Packing Company
The Williams Foundation*
Yukon-Kuskokwim Health
Corporation
FY04
FY05
FY06
FY07
FY08
5 - y ear av erage
C O N S O L I D AT E D F U N D A S S E T A L L O C AT I O N
22% F I X E D I N C O M E
27% D O M E S T I C E Q U I T I E S
5%
GLOBAL EQUITIES
12% F O R E I G N E Q U I T I E S
5%
R E A L E S TAT E
29% A LT E R N AT I V E I N V E S T M E N T S
FY04
FY05
FY06
FY07
FY08
C O N S O L I D AT E D F U N D T O TA L VA L U E A S O F 6 / 3 0 / 0 8 :
$259,292,685
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2007-2008 LIFETIME GIVING RECOGNITION
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.
2007-2008 DONORS FY08
15
G O L D circle
16
Recognizes those individuals and organizations that made gifts or pledges of $5,000 to $9,999 in FY08.
DONORS FY08
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 FY08.
indi v iduals
Syun-Ichi and Emiko Akasofu*
James H. Anderson+
Sara Elaine Atwood+
Dr. J. Michael and Ginger Carroll
Glen D. Chambers
Edward and Alene Christiansen
Ronald F. Cosgrave
John E. du Pont
Nathan I. Gerson+
Mark and Patty Hamilton
Lenore A. Hedla+
Byron G.+ and Margaret A.
Krieber
Roxolana E. Pomeroy+
Mary Louise Rasmuson
Jean B. Schmitt
Peter and Joanne Schust
Oro R. Stewart+
William G. Stroecker*
John Strohmeyer and Sylvia
Broady Strohmeyer
Elizabeth A. Tower
Joe and Ann Tremarello
Candace G. Waugaman
W. Dean and Ana Weidner
Pamela J. Wendt
Phil and Pamela Younker*
Alaska Airlines
Alaska Kidney Foundation
Alaska Ocean Seafood
Alyeska Pipeline Service Company*
American Seafoods Company
Arctic Slope Regional Corporation
Arctic Storm
ASRC Energy Services
AT&T Alaska/AT&T Foundation
Atwood Foundation
Bartlett Regional Hospital
BP Exploration of Alaska*
CARRS/Safeway
Chevron
ConocoPhillips Alaska*
Denali Center/Fairbanks
Memorial Hospital*
Eurasian Pacific Wildlife
Conservation Foundation
Fairbanks Cancer Treatment
Center*
Fairbanks Daily News-Miner
First National Bank Alaska*
Flint Hills Resources Alaska
Glacier Fish Company
Golden Alaska Seafoods
Highland Light
Icicle Seafoods
Luther Hess Trust
Andrew W. Mellon Foundation
NANA Development Corporation
New York Life Insurance*
Northrim Bank
The Bernard Osher Foundation
Pacific Walrus Conservation Fund
Peter Pan Seafoods
Providence Health System in Alaska
Rasmuson Foundation
Shell Exploration & Production
Company
Siemens Building Technologies
Alfred P. Sloan Foundation
Starbound
T. Rowe Price*
Teck Cominco Alaska
Totem Ocean Trailer Express
(TOTE)
Triad Foundation, Inc.
Trident Seafoods
Unocal Corporation
Weidner Investment Services
Wells Fargo
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 FY08.
indi v iduals
Martha Beatty
Leo Bustad and Jeanne Davis
Mary E. Christopherson
J. Robert Claus+
E. R. Dolly Dieter
Judith A. Dresser
Scott B. French
Katherine Gust+
Bruce J. Hayward
Henry and Lorijane Hilbert
Alex Hills
Leonard and Tannie Hyde
Beryl McFarland
Barry and Dorli McWayne
Laura Milner and Barbara Brooks
Bob and Heather Mitchell
Thomas A. and Victoria F. Packer
Ann and Al Parrish
Wendy Redman and Ralph
Gabrielli
Jon Rubini and Suzanne
La Pierre
Grace Berg Schaible*
George and Melissa Sternod
Sonny Lindner and Gina
Tabachki*
Helga and Bill Watterson
Sydney Woll+
49th State Foundation
Alaska Communications Systems
Alaska Community Foundation
Alaska Council on Economic
Education
Alaska Cruise Association*
Alaska Native Medical Center
Auxillary
Alaska Sales & Service
Alaskan Aircraft Engines
Anchorage Daily News
Anchorage Marriott
The Andrew’s Group
Associated General Contractors
of Alaska
Avis Rent A Car
Benton Bay Lions Club
Blockbuster Video
The Boeing Company
C & L Investments
CH2M Hill
Liz Claiborne & Art Ortenberg
Foundation
Costco Wholesale
Credit Union One
Denali State Bank*
Doyon
ERA Aviation
Evergreen Community
Development Association
Hugh & Jane Ferguson
Foundation
GCI
Golden Valley Electric Association*
Hawk Consultants
Alex Hills Associates
Hilton Anchorage
Holland America Line
Hotel Captain Cook
Johnson River Enterprises*
Juneau Rotary Club
Kendall Automotive Group
KeyBank
Leo Rhode Charitable Trust
Lounsbury & Associates
Marathon Oil
Nerland Agency Worldwide
Partners
Nine Star Enterprises
North To The Future Foundation
Northrop Grumman
Prince William Sound
Aquaculture Corporation
Prince William Sound Science
Center
Prudential Jack White/Vista
Real Estate
+Denotes deceased
Roger Hickel Contracting
The Frances and David Rose
Foundation
The Seattle Foundation
Seisa Group
Sheraton Anchorage Hotel
Skiwolf Booster Club
Southeast Conference
Spenard Builders Supply*
Subway of Alaska
Summit Consulting Services
UAS Alumni Association
Union Pacific Matching
Gifts Program
Usibelli Coal Mine
Wendy’s North-Wend Foods
Wildlife Conservation Society
of Tanzania
indi v iduals
Steve and Melissa Adams*
Honey Bee and Dale Anderson
Michele C. Aubry*
Carla J. Beam*
Marvin and Cindy Bergeson
Erica Blackledge and
Jon Blackledge*
Alison E. Browne*
Clyde Bullion and June George*
Robert and Kathleen Byrd*
Alan Christopherson+*
Barbara Ellen Clinton*
Ervon and Barbara Fairbanks*
Michael Gesser*
Renee Gross*
Greg and Wendy Gursey*
Robert and Deana Hale*
Greg J. Helms*
Vicki Koehler*
Marshall and Lois Lind*
Joel Lounsbury*
Jon Lounsbury*
Paul and Lucy McCarthy*
Ruth E. McHenry*
James and Evelyn Moss*
Delores K. Nerland
Jane O’Shaughnessy*
David J. Owens*
Jean M. Parsons
Shirley Phelps*
Michael Powers and Teri Spires*
Edward and Cathryn Rasmuson*
Paul and Terry Reichardt*
K. O. Rude*
Rita N. Sholton*
Ann W. Stockman*
Fran Ulmer and Bill Council*
Joseph E. Usibelli and
Peggy Shumaker*
Jan and Jeraldine van den Top
Frankie Wakefield+*
Chick and Carolyne Wallace*
Terry T. Waltman*
Craig H. Wisen*
Jerry and Barbara Zelenka
3 Point Booster Club*
Access Alaska*
Alaska Coffee Roaster Co.*
Alaska International Education
Foundation*
Alaska Railroad Corporation
Alaska Trappers Association*
Alta Air Logistics*
American Marketing Association,
Alaska Chapter*
Anchorage Economic
Development Corporation*
Anchorage Fracture &
Orthopedic Clinic
Arti-Circle Framing*
AstraZeneca*
The Stanton D. and Ernestine J.
Bennett Charitable Trust*
The Blue Loon*
Blueliner Booster Club*
Capital Office Systems/Supply
Coca-Cola Bottlers Foundation*
Design Alaska*
ENSTAR Natural Gas Company*
Fugro Pelagos*
Furbearers Unlimited*
Great Northwest*
Horizon Lines*
Image Optical*
Juneau Gastineau Rotary Club*
Lincoln Financial Group
Foundation*
McKinley Capital Management
Merdes & Merdes, P.C.*
Mt. McKinley Mutual
Savings Bank*
The Nerland Trust*
PEO Sisterhood Chapter G*
Petro Star*
Rebounders Booster Club*
Sholton Foundation*
Spirit of Youth*
Stack Company*
The Superior Group*
UAA Accounting Club*
UAA Hockey Alumni
Association*
UAF Alumni Association*
UAS Student Government*
Unisea Hospitality Division*
VECO*
Westmark Anchorage Hotel
glacier circle
Recognizes those individuals and organizations that made gifts or pledges of $2,500 to $4,999 in FY08.
indi v iduals
Jane H. Behlke
John and Judy Binkley
James Bowers
W. Alan and Barbara Braley
Gretchen Gordon*
Eric P. Buetow*
Robert W. and Joan L. Bundtzen
Mike and Rebecca Burns
Omer and Carol Carey
Shirley I. Carlson
Barbara and Timothy Cerny
Ping-Tung Chang and Li Kan
Dan Christensen
Richard L. Collins*
Douglas and Marcel Colp
Jeffry and Susan Cook*
Bill and Katie Corbus
Danner Family
John and Tina DeLapp
Leonie H. DeRamus*
Laraine and Romer Derr
Kristin A. DeSmith
John P. Doyle+
C. Burnett and Susan Dunn
Nancy L. Eliason
John and Jan Ellsworth
Michael and Bethany Felix
Sharon and Bruce Gagnon
Anthony F. Gasbarro*
Jan and Bill Gehler
David S. Grauman*
Patricia R. Hardy
L. Michael Cheek and
Susan Henrichs*
Christopher H. Henry*
P.J. Hill and Mimi Hogan
Philip A. Hoffman
Mary K. Hughes and
Andrew Eker
Edgar J. Huizer
Stephanie A. Hunt
Paul and Birgit Hunter
Maureen Johnson and
Todd Torczon
Steve and Judy Jones
Gary Klopfer
Dave Kolesky and Barbara
DeMarco
David and Pamela Kyzer
Paul and Joan Landis
Herbert and Marianne Lang
Jon and Melissa Lieberman*
James and Barbara Matthews
Peter and Jo Michalski
James and Deborah Miears*
Carline and Phillip Miller
Susan and Martin Miller*
Joseph A. Nava, Jr.
Tlisa and Scott Northcutt
Brian O’Donoghue and
Kate Ripley*
Megan and Brad Olson
Patricia Opheen and Michael
Redmond
Jane M. Pallister
Robert and Mary Parsons
Charles W. Lemke and Phyllis
Pendergrast*
Christine K. Phillips
John and Margaret Pugh
Cheryl and Bryan Quinn
Irene M. Seavy
Jeannine D. Senechal*
Kelly and Myrnel Smith
David and Alexandra Sonneborn
Virginia and Charles Stears
Arliss Sturgulewski
Ronald and Mary Kay Teel
Jack and Frieda Townshend
Christopher Turletes and
Cheryl Stewart
Gary and Marlene Turner
Denis and Jean Wiesenburg*
Jack and Carol Wilbur*
Henry and Karin Wilson
Eric and Caroline Wohlforth
A Weaver’s Yarn*
ABS Alaskan*
AEIC
Alaska Aviation Toxicology*
Alaska Yukon Pioneers
Alaskan Memories
Alcan Builders*
The Tim & Barb Cerny
Foundation
The Aleut Corporation
AMC Engineers
Anchorage Convention &
Visitors Bureau
Apocalypse Design*
Coca Cola Bottling Company
Cold Climate Housing
Research Center*
Cummins Northwest
DOWL Engineers Alaska Testlab
Downtown Association of
Fairbanks*
Fairbanks Gold Mining*
Fairbanks Red Hackle
Pipe Band*
Fairbanks Shakespeare Theatre*
Frontier Flying Service
Hach Scientific Foundation
Interior Alaska Building
Association*
Kenai River Rotary Club of
Soldotna
Due to publication 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/recognition/club.
Kiwanis Club of Fairbanks*
Laser Vein Center*
Lu Lu’s Bread & Bagels*
Maniilaq Association
James R. Miears, D.D.S./Ronald
M. Teel, D.D.S.*
National Association of
Social Workers
Northern Land Use Research*
The Northern Light
Optimist Club of Fairbanks
Outdoor Heritage Foundation
PEO Sisterhood Chapter D
Petroleum News Alaska
Pfizer Foundation
Princess Tours
Providence Alaska Foundation
Rememberence Foundation
Safari Club International
Alaska Chapter
Safari Club International Kenai
Peninsula Chapter
Society of American
Foresters-Cook Inlet Chapter
Soils Alaska PC*
State Farm Companies Foundation
State Farm Insurance
Super Signs
TestAmerica
Trinion Quality Care
The Usibelli Foundation*
Marion Weeks Charitable Trust*
W.W. Grainger
West Construction Company
+Denotes deceased
*Includes contributions to KUAC.
Donations to AlaskaOne are recognized by
that organization, outside the UA Foundation.
2007-2008 DONORS
If one gift can have such significance, imagine the magnitude of many donors
joining together to support a common purpose. Our FY08 donors have done
just that – and the result is nothing short of inspiring.
C H A N C E L L O R ’ S circle
2007-2008 DONORS
Recognizes those individuals and organizations who made gifts or pledges of $1,000 to $2,499 in FY08.
indi v iduals
Anders Ahren
Thomas and Mary Albanese
Dede M. Allen
Richard and Diane Allen
Joe Alston
Will Anderson
Lois J. Ante
Saradell Ard
Helen L. Atkinson
Raymond P. Bailey
Katherine A. Barger
Darla “Dolly” Barton
Gary and Barbara Baugh
Randall and Deborah Bayer
Mary L. Beck
Virginia Bedford and Peter Finnoff
William and Andrea Benitz
F. Lawrence and Margaret Bennett*
Carol and Myles Berg
Rachel Bergeson, M.D.
Gerald and Vered Berman*
Charles Bettisworth and
Karen Perdue*
Peter and Elizabeth Biesiot
Mary E. Binkley
Byron and Billie Birdsall
Charlie Bissonette
Brad R. Bodde
Mary A. Borchert*
Michael Boyer and Karin Reyes
Joan and Douglas Braddock*
Timothy and Betty Brady
Al Bramstedt
Susan R. Bramstedt
Kenton and Kathleen Braun
Aisha Tinker Bray and Jonathan Bray
J. Stephen Brecht
Dorrie and Art Breese*
Georgiana W. Brennen
Regina Brinkerhoff
David Orlando and Linda Brooks
Anne Brooks
Barbara and Jerry Burnett
Bruce and Linda Bustamante
Rocky and Joanne Capozzi
Megan and Rodney Carlson
Renee Carter-Chapman
Tom and Susan Case
Anne Caston
Richard and Anne Caulfield*
Rob Cermak and Katherine
Hedstrom*
Janice P. Chen*
Edward E. Clark, Jr.
Tania Clucas and John Lowe*
Steve Cobb and Sandra Carroll-Cobb
Joyce J. Colajezzi
Patrick B. Cole*
Terrence Cole and Gay Salisbury*
Carol and Dennis Comeau
Steven and Karen Compton
Leland D. Corkran*
Jack and Carla Costello
Fuller A. and Christmas Cowell
John and Anthea Craven
Douglas and Susan Crevensten
Eileen M. Cummings*
Hilary J. Currey
Thomas and Barbara Dale*
Salvatore B. De Leonardis
Don Hopwood and Leslie Dean
John Dede
Susan R. Dimaggio
Diane DiSanto and John Sroufe
Michael A. Driscoll and
Rebecca Young Driscoll
Dale A. Durrwachter*
Terence L. Duszynski*
Mary and George Earp
Cheryl E. Easley
David and Janet Lane Eaton
Carolyn R. Ellingwood and
Dave Bateman
C. John and Lynn Ann Eng
Glenn Estabrook*
Ilona J. H. Farr
Nancy A. Felix
Katherine and John Finstuen
Heather Flynn
Tony Follett
Richard C. Fox
Conrad Frank
Stephen Frank and Linda Anderson
Glenn W. Fredericks+
Michael A. Fredericks
Susan Gamache and Jim Fitzmaurice
Richard and Karen Garza
Keith and Susan Gaudin*
Andrew and Amber Gichard
Jacqueline and John Goering
Scott and Yvonne Goldsmith
Kate Gordon
Lee and Ann Gorsuch
Barney and Rachel Gottstein
Ron and Fan Graham
Carol and Michael Griffin
Mike and Dee Ann Grummett
Robert and Wyn Hagmaier
Cathleen S. Hahn
Simon P. Hamm*
James D. Hart
David and Jeannie Haugen
Trudy Heffernan and William
Putman*
Christopher L. Helkenn
Robert E. Henderson
Cynthia and Kenneth Henry
Shenandoah and Joseph Herda
Susan Herman and Gary Kofinas
Melissa and Eddie Hill
Kirk and Eiluned Hogenson
Jean Holland
Cathleen and Mark Hollowell
Betty J. Hood
Michael Hooper
Jennifer and Bryan Hoppough
David Howenstein
Eloise M. Hoyt
Ronald and Elaine Hulstein
Ronald K. Inouye*
Patricia A. Jacobson
Carole and Bruce Jaffa
Walter John and Sharon Richards
James and Mary Johnsen*
Lynne and Lloyd Johnson
Stephen Johnson
Steven Johnson and
Shawnalee Whitney
Harold and Sydney Johnston
Aldona Jonaitis*
Melvin Kalkowski and Sharilyn
Mumaw
Forrest L. Karr*
Pramod and Shukla Karulkar
Theodore L. and Marjorie R. Kassier
Patty Kastelic and Sam Stoker*
Bradford G. Keithley
Maggie Kelly
Bob Kizer
Gunnar and Alice Knapp
Mark and Julie Korting
Christopher L. Kottra
Brian and Serena Kraft Family
Katya G. Kuznetsova
Rob Lang
Michael and Irma Laskowski
Robert L. Lathrop
Gary and Mary Laursen
Dorothy Law Doubleday
David and Betsy Lawer
Linda P. Lazzell
Stephen Leider and Ilona Barber
Sue Linford
James Liszka and Genie Babb
Roy Loewenstein and Alana Stubbs
Eric and Debra Lopez
Carlos J. Lujan
Dirk Lummerzheim*
Carole L. Lund
James and Margaret Lund*
James Cannon and Ardith Lynch
Ted and Tamzin Malone
Richard Kullberg and Kristine Mann
Stewart Allison and Jo-Ann Mapson
Stacey L. Marsh
Jill Marshall*
Brooke and Wilda Marston
Paula J. Martin
Julia and Steve Martinez
Martha Mason*
Robert and Marcia Maxwell
Samuel and Christine McAlpine
Patrick K. McCaleb
Kevin Fimon and Karen McCreary
Gloria M. McCutcheon
Tim and Mary McDiffett
George and Laurel McLaughlin
Dennis and Stephanie McMillian
Sally Mead
John W. Mease
Stewart and Sheila Mee
Lori and Ward Merdes*
Tom and Cathy Miller
William and Elaine Mills
Craig Mishler
Dave Mobraten*
Susie Morris
James and Phyllis Movius
Todd and Tracey Mueller
Michelle E. Myers
Richard and Mary Mystrom
Roger and Nancy Nagarkar
John and Maryann Nagy
Harry and Leslie Need
Mary Ann Nickles*
Matthew and Margaret Nicolai
Marie Noah*
Eric Noyes and Mimi Gendreau
Donald and Jan O’Dowd
Alvin and Gloria Okeson
Philip and Pamela Okeson
Jim Olson and Bobbi Ramos Olson
John and Madge Oswald
Chris N. Pallister
David J. Parks
+Denotes deceased
Richard and Carrie Parris
Lance and Karen Parrish
Sara and Scott Pate
Michael and Donna Patrick
Guy and Jayne Patterson*
Becky Patterson
Richard Pauley
John and Beth Peirce
James Perrizo*
Greg and Laura Petrowich*
Elizabeth Anne Pettit
Jim and Anne Picard
The Piccard Family
Ellis and Lowa Pickett
Charles and Ann Pilch
Robert and Marjorie Poggas
Victoria L. Pohl
John C. “Jake” and Janice Poole*
David O. Porter*
James and Karla Powell
Anton and Herta Prechtel*
Chris E. Prince
Nina E. Prockish
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
Eric and Vicki Rayburn*
David and Marjorie Rehfeldt
George and Amy Rhyneer
Jasper Rine
E. Thomas and Raye Ann Robinson
Jack and Martha Roderick
Alberto and E.W. Rodriguez*
Jeff and Katie Roe
Juan and Beatriz Roederer
Steve and Sandra Rollins
William and Anna May Rose
Beth Rose and John Levy
Mary and Johnny Rutherford*
George and Cindy Salmon*
Giorgio Chrimat and Amanda Saxton
Angela Schmidt and Chris Miller
Karen Schmitt and Michael Rentel
Brian and Melody Schneider
Herbert P. Schroeder
Stacy L. Schubert
Bruce R. Schultz
Lorrie and Theodore Scoles
Julie Scott and John Ryer*
Dick and Jo Scott
Richard and Patricia Seifert*
Mike and Evelyn Sfraga*
Melody D. Shangin
Katy and Philip Sheridan
Kimberly A. Sherrill*
Timothy Silbaugh and Catherine
Coward
Kevin J. Silver
Ed and Jennifer Simeonoff
Mark Simon*
Cary and Tabitha Sinnett
Jaime and Eric Smith*
Roger and Isabella Smith*
Steve and Jane Smith*
Alice M. Snodgrass
Michael and Gloria Snowden
Mary Snyder and Steve Taylor
Deborah and Russell Sonberg
Virginia V. Sparling
Ronald Spatz
William and Dianne Spindle
Ivy Spohnholz and Troy Bowler
Kimberly J. Stanford
Deborah and Mason Staub
Deb and Dennis Stauffer
Roberta Stell
Margaret and David Steward
Cynthia A. Stragier*
Stephen and Paula Strom
Fred and Laurel Stutzer
Tara K. Sweeney
Teresa and Todd Thompson
Kelly Thorngren
Alan and Marilyn Townsend
Diane M. Tracy and Family*
Trig Trigiano
Joe and Marilyn Usibelli
Christopher Lockwood Vaughan
Ryan and Amy Warren
Andrew and Judith Warwick
Robert G. Wedemeier
Charles E. Welles
William and Emily Wennen*
Kirk Wickersham
Megan and Shawn Wiegand*
Charlotte Wilbur*
Norman and Kathleen Wilder
John and Sheri Williams
Debra M. Williamson*
Emma C. Wilson
Ingeborg B. Wilson+
Glenna J. Wood
Joe and Mary Beth Wooden
Larry and Karla Zervos
Timothy and Cynthia
Zimmerman*
Adamas Jewelry Co.*
Advance Printing Company
Alaska Association of
Environmental Professionals
Alaska Humanities Forum
Alaska Interstate Construction
Alaska Land Title Association
Alaska Regional Hospital
Alaska Retired Educators Association
Alaska Rock Gym
Alaska Sealife Center
Alaska Society of Professional
Land Surveyors
Alaska State Medical Association
Alaska USA Federal Credit Union
Anchorage Sand and Gravel
ATS Alaska
Auto Trim Design*
Baker and Associates
Blueberry Baby*
Breast Cancer Detection Center*
Brews Brothers
C.A.R.E.S. Resource & Referral*
Cabin Fever Quilters Guild*
Calista Corporation
Carlile Transportation Systems
Challenger Learning Center
Chugach Alaska
Cline Consulting and
Training Solutions*
Cook & Haugeberg
Cornerstone Construction
CP Anchorage Hotel 2
Crook Trust
Davis Constructors and Engineers
Delta Kappa Gamma Society - Juneau
Denali National Park Wilderness
Center*
Denali Orthopedics
Doyon Universal Services
Duszynski and Associates*
Eli Lilly and Company Foundation
EMC Realty*
ESS Support Services Worldwide
Fairbanks Resource Agency
Fairbanks Sand and Gravel*
Fairbanks Symphony Association*
Fairbanks Title Agency
Fairbanks Urgent Care Center*
GHEMM Company*
Gottstein Family Foundation
Government Computer Sales
Greater Fairbanks Board of Realtors
Greater Sitka Arts Council
Habitat Housewares
Holistic Medical Clinic*
Jammin Salmon Physical and
Nutritional Therapy*
Juneau Economic Development
Council
Juneau Empire
Juniper Networks
Kachemak Bay Title Agency
Kreofsky - Page*
Landis Communications
Let It Snow
Linford of Alaska
Marshall Arts*
Mat-Su College Math Club
Mat-Su College Student Government
Mechanical Contractors of
Fairbanks
Meridian Management
Metropolitan Garage*
The Nature Conservancy
Thomas Nixon Art*
Nome Bar Owner’s Association
North Pole Physical Therapy*
Northern Threads*
Northland Wood*
Northrop Grumman Foundation
Pendergrast, Phyllis D.M.D., P.C.*
Peninsula Airways
Pepsi-Cola
Pile Driving Contractors Association
PND Engineers
Providence Health & Services
Quality Asphalt Paving
Ramona Munsell & Associates
RE/MAX Properties
Renewable Resources Coalition
River’s Edge Resort*
Royal Caribbean International &
Celebrity Cruises
Schwab Fund for Charitable Giving
Shell Offshore
SMG of Alaska
Society of American Foresters Dixon Entrance Chapter
Society of American Military
Engineers, Anchorage Post
Spaulding Interiors*
Sportsman’s Warehouse*
Steese Area Volunteer Fire
Department
Students in Free Enterprise
Superior Hardwoods*
Swalling Construction
Sysco Food Services of Seattle
Tanana Valley Clinic Family
Medical Care
Tanana Valley Farmers Market
Association*
Tracie’s Family Haircare
UA Local 375 Plumbers & Pipefitters
UBS Financial Services
Unitarian Universalist Fellowship
of Fairbanks*
Valley Medical Care
Veterans of Foreign Wars of the U.S.
Wachovia Foundation Matching
Gifts Program
Wal-Mart
Todd Z. Wentz Orthodontics
Wilder Construction Company
The Williams Foundation*
Women of the Moose
Zulu Nyala Group
+Denotes deceased
*Includes KUAC contributions to KUAC. Donations to AlaskaOne are recognized by that organization, outside the UA Foundation.
R eturning the Fav or
UAS Grad Helps Returning Students Succeed
Ruth Danner never dreamed she would earn a college diploma, much less be responsible
for establishing a university scholarship. However, that is exactly what happened.
Danner, who began her college education as a non-traditional student with young
children at home, graduated with a bachelor’s degree from UAS in 1992. She went
on to earn a master’s of business administration in 1998, and now works as a portfolio
accountant for the Alaska Permanent Fund Corporation.
“Not everyone has the opportunity to complete their college education right after high
school,” Danner said. “By the time I realized I really needed a degree, I had children
and serious financial responsibilities.”
Pictured, center front, are george and ruth danner, with their son, jim, his
wife, leni, holding isabel, and gracie at left, along with grandson dominic and
daughter, lisa flores, standin gright.
In 2001, Danner created the UAS Success Award scholarship to reward the efforts of
students, like her, who have had a break in their post-secondary academic career.
The restricted fund currently makes one $2,000 award a year and preference is given to students with dependent children at home.
“Returning students know college is not going to be easy and they come back anyway, ready to work hard to achieve their goals,”
Danner said. “I am lucky to be able to share, in a small way, in the successes of these bright and dedicated people.”
18
2007-2008 DONORS
17
DONORS FY08
3
LE G A C Y S O C IETY
2007-2008 LEGACY SOCIETY
19
LEGACY SOCIETY
LEGACY SOCIETY
T he E ducation Ta x C redi T
The Ultimate Return On Investment
Recognizes those individuals who have provided for the university through their wills, or life income gifts.
indi v iduals
John Aho
Saradell Ard
Darla “Dolly” Barton
Isabel Beeler+
Mark Beltz+
Bill Benitz
Kaare Birkeland+
Erma Bolick+
Mary 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+
Melitta Gallagher
Marie George+
Ralph Clinton George+
Nathan Gerson+
Wilbur Green
Renee Gross
Gregory Gursey
Lawrence Haines
Allan Hansen
Lenore Hedla+
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
Al Parrish
Ann Parrish
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
Grace Berg Schaible
Julie Scott
Irene M. Seavy
William Sebulsky
Richard Sewell
Governor Bill Sheffield
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+
Sydney Woll+
Thomas S. Wolf
Karla Zervos
Larry Zervos
Gifts to the University of Alaska can reduce your state taxes. Taxpayers
who pay any of the following taxes to the state of Alaska are eligible to
claim a credit on their state tax for a portion of cash contributions made
to UA:
• Alaska Income Tax
• Oil and Gas Property Tax
• Oil and Gas Production and Transportation Tax
• Fisheries Business Tax
• Fisheries Landing Tax
• Mining License Tax
• Insurance Premium Tax/Title Insurance Premium Tax
The Education Tax Credit provides an opportunity to make cash contri+Denotes deceased
P lanting S eeds of S uccess
New $1 Million Estate Gift Benefits Accounting Students
Alaska gardening expert Lenore Hedla educated and inspired
countless gardeners through her book, magazine articles, newspaper
columns and appearances. Yet it was her gift to UA that planted a seed
that will continue to grow, thrive and produce future generations of
successful students.
Prior to her passing in 2006 at the age of 91, Hedla created a
butions to the UA and claim a tax credit for up to 50 percent of the first
$100,000 of your gift, and 100 percent of the next $100,000 of your gift.
For example, suppose your business owes the state of Alaska a tax of
$200,000 and you make a contribution to the UA. The company can
claim the credit against its tax liability of $150,000 (50 percent of the
first $100,000, plus 100 percent of the second $100,000 of the gift =
$150,000).
Thus, the company has benefited the university with a $200,000 gift
and the tax bill has been reduced from $200,000 to only $50,000.
There simply isn’t any better return on investment than the Education
Tax Credit.
$1 million estate gift in memory of her late husband, George, a
certified public accountant. The gift, which will benefit UAA’s College
F or more information
of Business and Public Policy, will create the George M. Hedla
Contact Jennifer Simeonoff, corporate & foundation relations manager, at
Endowment to support accounting professorships, as well as provide
907.786.1146 or [email protected].
educational opportunities and support academic excellence.
Chevron Contributes
$1 million to UA Programs
When Ron Dukowitz enrolled in UAA’s
process technology program three years
ago, there was no waiting list. But times
have changed.
“The need for workers is high.
The prospective students are ready.
The facilities, equipment and labs just
can’t keep up with the demand,” said
Dukowitz, who will soon graduate with
a process technology degree.
To help fill this need and grow the
workforce, Chevron recently donated
$1 million in support of UAA’s process
technology, instrumentation and computer
electronics programs, as well as the Alaska
Native Science and Engineering Program.
“Chevron is committed to Alaska,” said
John Zager, Chevron Alaska manager.
“We believe in recruiting and training
locally, and we want to be an active
contributor in helping to grow Alaska’s
workforce for the future.”
“The university is proud to consider
Chevron a partner in workforce
development and we appreciate their
generosity and vision for the future,”
added UA president Mark Hamilton.
20
2 0 0 7 - 2 0 0 8 TA X B E N E F I T S
F ueling
W or k force
D e v elopment
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.
22
T he E asiest G ift You C an M a k e
Providing for the University through your Estate Plan
One of the easiest ways to make a significant and lasting gift to the University of Alaska is to provide for the
2 0 0 7 - 2 0 0 8 TA X B E N E F I T S
2 0 0 7 - 2 0 0 8 E S TAT E G I V I N G
21
ta x benefits of gifts
of appreciated property, such as stock or real estate
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,
1962
comes to UA (a residual percentage bequest). Either type of bequest can be done very simply by adding
100 shares of XYZ Stock (or real estate) for $10/share.
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.
1963–
2006
Stock (or real estate) goes up in value, splits etc.
Your attorney may find the following language helpful when drafting bequest provisions to accomplish your estate
gift to the UA:
“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 $_____
2007
Stock (or real estate) is donated to the UA Foundation. Due
to appreciation, the stock or real estate is now worth $10,000.
Total donation Value: $10,000
(or for a residual percentage bequest “____percent of my residual estate”), to be used (if for the establishment of an
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,
2007
A federal income tax savings of $2,800 for this gift.
(28% of the gift value: $10,000 X 28% = $2,800)
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.
2007
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 (see example scenario on next page). If the bequest is used to
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% =
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 UA.
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.
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
Through a generous gift from First National Bank Alaska (FNBA) in 2008, UAS embarked on its second year
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: F N B A
communities prepare for success after high school.
“This program, and the university’s partnership with First National Bank Alaska, enables us to reach out to our
small, rural schools and assist students in preparing for post-secondary education,” said UAS chancellor John Pugh.
The $20,000 annual contribution for the Getting Ready for College program is a follow-up to FNBA’s three-year
College Success gift, which ended in 2006.
“We believe that helping Alaskans succeed, whether in the classroom or in business, is a key to the future of our
state,” said Lloyd Johnson, vice president and southeast regional manager of FNBA.
The Getting Ready for College program includes several different initiatives, including one called Do the Math.
As part of this initiative, 11th grade students are given the UAS placement test to assess their current math skills,
and are encouraged to continue their math education through their senior year.
“National studies show a direct correlation between math achievement levels in high school and the likelihood
that a student will complete college,” said Joe Nelson, UAS admissions director. “However, high school diploma
requirements in Alaska are not aligned with college admission standards so too many of our top high school
students land in developmental courses when they enter college.”
Through another initiative, a documentary titled “Alaska College Track 2” is being distributed throughout the
UA system. The documentary, produced by KTOO-TV, discusses issues such as the High School Qualifying
Exam, cultural differences, and the expectations gap between high schools and college educators. In addition to
the university, the film has also been shown at national College Board conferences, and is the recipient of several
2008 state, regional and national awards.
“We believe that helping Alaskans succeed, whether in the
classroom or in business, is a key to the future of our state.”
L lo y d Johnson
v ice president and southeast regional manager of F N B A
Finally, through the Getting Ready for College program, UAS also hosts Student Success Retreats for secondary
school staff from 13 communities.
“The retreats provide much-needed opportunities for rural Southeast teachers and counselors to network, take
part in professional development workshops, and reconnect with former students,” Nelson said.
G etting R ead y
for S uccess
FNBA Helps Students Prepare for College
In 1922, candymaker Winfield Ervin founded First National Bank Alaska (FNBA) at the corner of Fourth Avenue and G Street
in downtown Anchorage. Today, FNBA is the state’s largest Alaska-owned and operated bank, with ATMs and 30 branches in
18 communities throughout Alaska.
In addition to serving the financial needs of the communities where it does business, FNBA also offers community development
services that benefit Alaskans in a variety of ways. For example, FNBA and its employees support nonprofit community groups
across the state. In fact, the bank contributes more than $1 million annually to a wide variety of health, youth, educational, civic
and arts organizations in the state, including UA and the Getting Ready for College program.
24
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: F N B A
of the Getting Ready for College program, which is designed to help students from rural Southeast Alaska
23
Alaska Natives constitute nearly 20 percent of the state’s population and 16 percent of UA’s student body – but
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: M E L L O N F O U N D AT I O N
educational credentials.
To increase the number of Alaska Native students earning doctoral degrees – and subsequently raise the number
of Alaska Native faculty – the Andrew W. Mellon Foundation recently awarded a $700,000 grant to UAF to
support students in the dissertation-writing phase of their doctoral programs.
“The need for programs like this is vital across the United States, where there is significant under-representation
of indigenous peoples on the faculties of colleges and universities, and UAF is no exception,” said Bryan Brayboy,
president’s professor of education at UAF and one of the primary grant authors. Brayboy added that eradicating
disparities like this benefits the entire state, as educational attainment is closely related to economic and political
prosperity for Native peoples.
The gift, which will be supplemented by additional fundraising efforts and matching funds from UAF, will
support the Dissertation Fellowship Program for Alaska Native Scholars and Others Committed to the
Advancement of Indigenous Alaskan History and Culture. Over the next five years, the program will fund up to
four competitive graduate fellowships, which will include a $30,000 stipend, and funds for research, travel, tuition
and fees. The grant will also support professional development opportunities, mentoring activities and salary
FROM LEFT TO RIGHT: Jordan lewis, 2008-2009 recipient of the mellon
foundation scholarship; interim chancellor brian rogers, uaf.
“The need for programs like this is vital across the United States,
where there is significant under-representation of indigenous
peoples on the faculties of colleges and universities.”
B ryan B ray bo y
president ’ s professor of education at U A F
support for the program’s faculty members.
The first fellowship was recently awarded to Jordan Lewis, a UAF student pursuing a PhD in cross-cultural
community psychology. His thesis, titled “Successful Aging Through the Eyes of Alaska Natives,” examines the
health and well-being of Alaska Native elders in five Bristol Bay-area villages.
“With the different components to the fellowship – scholarship, travel and networking – the most exciting is the chance to
network and collaborate with other fellows, and receive mentoring from professors. The chance to go to a professional
conference, and get feedback on my dissertation, will also be important to get established in my field,” Lewis said.
A C ulture
of G i v ing
Mellon Foundation to Help Increase Alaska Native PhDs
The Andrew W. Mellon Foundation, a nonprofit corporation based in New York, was formed on June 30, 1969, through the
consolidation of two existing foundations — the Avalon Foundation, which was established in 1940 by Andrew W. Mellon’s
daughter, Ailsa Mellon Bruce, and the Old Dominion Foundation, which was established in 1941 by Mellon’s son, Paul Mellon.
At the end of 1969, the assets of the Foundation totaled $220 million. By the end of 2007, assets totaled $6.5 billion, with
annual grantmaking appropriations of approximately $286 million. The Foundation currently makes grants in six core program
areas, including higher education and scholarship, scholarly communications, research in information technology, museums
and art conservation, performing arts, and conservation and the environment.
26
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: M E L L O N F O U N D AT I O N
represent only three percent of the university’s faculty positions, a fact that is commonly attributed to a lack of
25
The global community is benefiting from millions of dollars of scientific research into Alaska’s marine ecosystems,
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: P ollock C onservation C ooperative
Fisheries and Ocean Sciences. With gifts totaling more than $9 million over the past nine years, the PCC is one of
the school’s largest private contributors.
Funding from the cooperative supports the Pollock Conservation Cooperative Research Center (PCCRC).
Administered by the UAF School of Fisheries and Ocean Sciences, the PCCRC provides funding to UA scientists
for research of North Pacific fisheries, marine mammals and coastal ecosystems, as well as for training and
education on issues important to Alaska’s fisheries.
“We believe management of fishery resources should be based on sound scientific research. UAF has a
remarkably effective program for both education and research on issues of critical importance for responsible
fishery management,” said Jan Jacobs, director of government affairs for American Seafoods Company, which
is a member of the PCC. “In a world where the marine environment seems to be changing faster all the time,
accurately assessing such changes and understanding how to respond quickly is essential, not only for maintaining
a healthy environment but for a healthy industry. In this way, we can increase the likelihood that fishery resources
and the fishing community will remain sustainable for future generations.”
Most recently, the PCC awarded more than $500,000, which is being used to fund eight PCCRC projects on
topics such as Alaska’s fish species, the tagging of Stellar sea lions, the Bering Sea’s marine food chain, and
educational support for fisheries students. Among the researchers benefiting from the funding is Anthony Gharrett.
“The Pollock Conservation Cooperative Research Center continues to be an
important advocate for conservation and sustainability of Alaska’s marine
resources. Moreover, they are underwriting the training of tomorrow’s managers.”
A nthon y G harrett
ua F professor , fisheries genetics and aquaculture
“The PCCRC has played a very important part in my research,” Gharrett said. “They have made it possible for us
to develop markers that can be used to track chum salmon population movements effectively and inexpensively.
Their support leveraged a much larger program than we could have conducted on our own. By supporting this
and other studies, PCCRC continues to be an important advocate for conservation and sustainability of Alaska’s
marine resources. Moreover, they are underwriting the training of tomorrow’s managers.”
F unding R esearch
for the F uture
PCC Gives $9 Million for Fisheries & Conservation Research
The Pollock Conservation Cooperative (PCC) is a private-sector initiative, led by the Bering Sea pollock catcher/processor fleet, to
further improve conservation and utilization of marine resources.
PCC member companies allocate among themselves the overall quota of pollock available to the catcher/processor sector, providing
the opportunity to maximize food production, while minimizing the harvest of non-target species. Since its inception in 1999, the PCC
has helped reduce over-capacity in the catcher/processor fleet and enabled participants to produce 50 percent more fish products on a
per-pound basis.
The PCC is currently composed of seven members of the At-sea Processors Association, including Alaska Ocean Seafood, American
Seafoods Company, Arctic Storm, Glacier Fish Company, Highland Light Seafoods, Starbound and Trident Seafoods.
28
2 0 0 7 - 2 0 0 8 G I V I N G S T O RY: P ollock C onservation C ooperative
made possible by a partnership between the Pollock Conservation Cooperative (PCC) and UAF’s School of
27
YOUR PFD
For the first time in the state’s history, Alaskans can
P ersonal P ropert y
The UA Foundation can accept gifts of personal property,
contribute to Alaska’s nonprofits through the Permanent
including jewelry and art, if the item can be used to directly
Fund Charitable Contributions Program. Alaskans applying
benefit the university or if it can be converted to liquid assets.
online will have the opportunity to designate either a
portion or all of their dividends to nonprofits, including
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. Make the difference between a good university – and a great one.
Supporting UA can provide significant financial benefits to you, as well. If you itemize on your taxes,
you may be able to claim a federal charitable tax deduction. And, if your company pays state taxes of
any kind, you may be eligible for a tax credit of up to $150,000 annually.
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
the 16 campuses of the University of Alaska. If you choose
to benefit UA through the PFD program, please authorize
the state to inform the UA Foundation of your gift, so we
can appropriately acknowledge you.
C ash
You can make a cash gift, which includes checks and credit
card payments, to the UA Foundation. These types of gifts
may be made online, in person or through the mail.
B equests
Making a bequest in your will is another way to show
support of the university. A bequest is a section of a will
directing the executor of the estate to make a gift from the
donor’s assets to a particular person or institution. Bequests
may be used to provide gifts of money, real estate, stocks
or even art or jewelry. They may also be used to establish
charitable trusts. As there is specific language that must be
used when making a bequest, it is recommended you have
an attorney either draft or review the wording before the will
is signed. For examples of bequest wording, refer to page 21
S toc k
The UA Foundation accepts gifts of publicly-traded stock
or visit www.alaska.edu/foundation/ways_to_give/.
and, in some situations, closely held stock. This giving
I R A R ollo v er
Donors wishing to use IRA assets to make a gift to the
option may provide significant tax advantages, so be sure
to talk with your accountant or financial adviser.
to utilize your contribution in the area of greatest need.
UA Foundation will find something to cheer about in the
$700 billion Emergency Economic Stabilization Act of
L ife I nsurance
By naming the UA Foundation as beneficiary to your life
2008. The provision, which extends through December
insurance policy, you can provide funds in the future. Or
assets directly to the UA Foundation without having to
you can donate the entire policy to the Foundation and,
realize the distribution as income. The transfer may also
in return, take a charitable deduction for the cash value of
be used to satisfy the IRA minimum annual distribution
the policy. You may also be able to deduct any premium
requirement. For more information call your campus
payments made to maintain the policy after the transfer.
development office or Scott Taylor at (907) 450-8030.
R eal P ropert y
Gifts of real property are very beneficial to the university,
C haritable R emainder T rust
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, you
the value of the donation. In turn, you will become a
may be eligible for significant tax benefits. For example,
beneficiary of regular payments for a specified time period.
2009, allows donors at least 70 ½ years old to transfer IRA
you may be able to deduct the fair market value
of the property from your federal income taxes – up to
30 percent of your adjusted gross income – and you can
spread the deduction over a five-year period. This type of
L earn M ore
For additional information about ways of giving, please contact the UA Foundation
or the Campus Development Office (see back cover).
gift also frees you from property tax payments and allows
you to avoid paying capital gains tax if you sell.
C haritable G ift A nnuities
A charitable gift annuity enables you to make a gift to
the UA Foundation and receive fixed annual payments for
life. In addition to the annual payments, there may also
be tax benefits, including income tax deductions, tax-free
income payments and reduced capital gain taxes. Talk with
your accountant to find out more about the benefits of
this type of gift.
30
2 0 0 7 - 2 0 0 8 WAY S O F G I V I N G
2 0 0 7 - 2 0 0 8 WAY S O F G I V I N G
29
2007-2008 SCHOLARSHIP RECIPIENTS
31
SCHOLARSHIP RECIPIENTS 2007-2008
D av id D . A dams M emorial
S cholarship
Rolan Baguyos
H oward A dams M emorial
S cholarship
Samantha Decker
Mikayla Saito
A frican - A merican , H ispanic ,
A sian / Pacific I slander ,
I nternational , N ati v e
A merican ( A H A I N A ) / H ispanic
H eritage S cholarship
Lorena Guerrero
Miltha Martinez
A las k a A erospace
D e v elopment C orporation
S cholarship
Perlita Alcaide
Benjamin Briceland
Ruby Bullchild
Jesse Crumbley
Weston Davey
Kit Dawson
Trevor Gillespie
Daniel Grondahl
Jennifer Holland
Tatiana Jackson
Nathanael Mathis
Austen Mersercav
Shadi Obeidi
Kim Pitney
Matthew Van Atta
Scott West
Bjorn Wilmoth
Alaska Air Show Association
F light T raining Award
Steven Andersen
Hyun Choi
Ryan Clarke
Christopher Clemson
Bethan Gilmartin
Tyler Goetting
Desiree McIntosh
Lee Minear
Dustin Mingo
Thomas Monday
Jasen Perkins
Glenn Roose
Joe Seyfried
David Shank
Marie Terrazas
Amanda Zharoff
A las k a A ssociation
of E n v ironmental
P rofessionals S cholarship
Jessica Guritz
Stephanie Wolcott
Gaojua Yang
Elena Zhelaeva
Martha Zink
A las k a H eart I nstitute
R esearch F oundation
Nancy Bishop
Mindy Graham
Trevor Thomas
A las k a M iners A ssociation
S cholarship
Lyazzat Khamzina
A las k a Kidne y F oundation
S cholarship
Jennifer Alley
Natalie Beach
Wendy Berg
Jason Bibee
Larissia Billy
Amy Chocknok
Amy Christiansen
Sherron Collins
Lisa Cooper
Tawnie Curtin
Audrey Diseth
Heidi Elliott
Cassie Fink
Rachael Fogal
Leah Gillham
Jennifer Hamberger
Sara Hannon
Jennifer Hawbold
Melissa Houston
Laura-Jean Hughes
Lynnette Jackson
Elena James
LaVonna James-Liberty
Rebecca John
Chelsea Johnson
Megan Kemp
Rachel Knowles
Mary Krusen
Ruth Lavrakas
Mary Lee
Sharon Liska
Angela MacPherson
Heather McHenry
Eric Moulton
Ruth Olson
Brooke Powers
Michelle Quinton
Jeannine Rennick
Abigail Rideout
Brenda Schmidt
Brian Schneider
Amy Sealman
Iva Sebring
Chelsea Skelton
Kimberly Van Antwerp
Arlene Vanderpool
Alaska Native M edical Center
A u x iliary S cholarship
Eugene Bourdon
Jessie David
Isabel Edwardson
Joel Forbes
Alice Glenn
Cassandra Jones
Brent Latham
Kristin Padgett
Chelsea Royal
Darlene Sakeagak
Seth Suydam
Anthony Wassillie
Dana Wassmann
Alas k a N ati v e S cience &
E ngineering P rogram
S cholarship
Neayuk Ahvakana
Crystal Alstrom
Jessica Beecher
Sterling DeWilde
Stephan Koweluk
James Mills
Drew Olson
Annie Weber
A las k a N ati v e S tudent
E ngineering P rogram
scholarship
Gary Baldwin
Amanda Botway
Matthew Calhoun
James Hart
Viola Stepetin
Michele Yatchmeneff
A las k a P ress C lub
scholarship
Patrick Geary
Melissa Smith
Kortnie Westfall
A las k a S upport I ndustry
A lliance S cholarship
Marshall Ezelle
Evan Fritz
Patrick Geary
Alaska Trappers Association’s
D ean W ilson S cholarship
Travis Booms
A las k a Visitors A ssociation /
G omar S cholarship
Karissa Peter
A las k a Yu k on P ioneers
M emorial S cholarship
Nathaniel Geary
Amber Hall
Carma Zeloof-Baker
A mos Joe A lter A merican
S ociet y of C i v il E ngineers ,
A las k a S ection S cholarship
Olga Fedorova
Philip Fitzgerald
A ly es k a P ipeline A las k a
N ati v e S cholarship P rogram
Ernestine Ahgeak
Audrey Alstrom
Gary Baldwin
Erica Carroll
Ivan Chikigak-Steadman
Edward Corp
Jesse Crumbley
Russell Darling
Joseph DeWilde
Clifford Dolchok, Jr.
Timothy Eby
Cody Ferguson
Catherine Fields
Michael Freytag
Kelli Gallahorn
Kelvin Goode
Michael Hankee
James Hart
Natasha Hayden
Leslie Howard
Kelsi Ivanoff
Lynnette Jackson
Michael Johnson
David Journey
Erik Judson
Cody Kapotak
Kerilee Katongan
Nicholas Kotch
Daniel Larkin
Joseph Malutin
David Mork
Kyle Nashookpuk
Charlie O’Brien
Ethan Ojala
Melissa Okitkun
Gunnar Oyoumick
Michael Paulsen
Donald Richardson
Willie Sakeagak
Nicole Scott
Nicholas Shellabarger
Arthur Slats
Shawn Takak
Jared Tee
Sose Vartanian
Dana Wassmann
Levi Wegner
Troy Wilkinson
Joshua Wilson
Christopher Wisdom
A ly es k a P rince W illiam
S ound C ommunit y C ollege
S cholarship
Tamera Ginn
A ly es k a Tanana Valle y
C ampus S cholarship
James Nathaniel, Jr.
Rita Pierce
Robin Sam
A M C E ngineers S cholarship
Nicholas Tittle
A merican I ndian S cience
& E ngineering S ociet y
S cholarship
Sterling DeWilde
Elizabeth Felker
Tamra Kornfield
A merican L egion P ost 1 1
H eather D owd y M emorial
S cholarship
Aeron Henderson
A merican S ociet y of P ublic
A dministration S cholarship
Sarah Foreman
A nchorage C ommunit y
C ollege S tudent
A ssociation S cholarship
Tara Corpuz
Valerie Truncali
A nchorage D aily N ews
Journalism Award
Tara Corpuz
Mary Donaldson
Julie Jackson
A nchorage P ioneers
H ome N ursing scholarship
Jennifer Hawbold
Heather McHenry
Ruth Olson
Amy Sealman
Patricia Andresen Scholarship
Gavin Baker
S aradell A rd A rt
S cholarship
John Lagoutaris
JoAnna Maus
Jerelyn Miyashiro
M i k e A rdaw S cholarship
Alexandra Chlebowski
Marshall Ezelle
Patrick Geary
Katherine Keith
Jorin Klawitter
Carly Moffat
Maxim Prokudin
Alexander Read
Jennifer Sandy
Jordan Troisi
A ssociated G eneral
C ontractors S cholarship
Jacob Horazdovsky
F orbes L . B a k er Journalism
S cholarship
Timothy Edsell
F rances & A lfred B a k er
Vicki Stegall
D r . Jon B a k er M emorial
S cholarship
Robert Dindinger
Solomeia Kojin
Karen C hristensen B aldwin
Nastasia Vaska
B eav er S ports W hisenhant
S k i S cholarship
Elisabeth Habermann
C larence B erry F ellowship
in M ining & R esources
Pravat Rai
B ec k W riting S cholarship
Dawn Rauwolf
L iz B erry M emorial
S cholarship
Ernest Forward
Jimm y B . B edford M emorial
S cholarship
Ryota Kajita
F red B eeler M emorial
S cholarship
Matthew Balazs
Christopher Eversman
Bronwyn Harrod
Leif Johnson
Mitchell Olson
Caleb Osborn
C harles E . B ehl k e
Engineering scholarship
Katherine Keith
Patrick Geary
M ar k A . B eltz S cholarship
Jeffrey Lamb
Jui-Fen Liu
Bobby Naylor
Au Nguyan
Brian Riley
Jon Van Ravenswaay
D on B ennett M emorial
S cholarship
Maria Medvedeva
M ichael B aring - G ould
S cholarship
Brit DelMoral
Mary Harriss
S y lv ia B erg D rowle y
N ursing scholarship
Amy Chocknok
Heidi Elliott
Brooke Powers
Brian Schneider
R epresentati v e R amona
B arnes S cholarship
Charissa Hobbs
W ill B ergeson M emorial
S cholarship
Katherine Johnson
G enezaret B arron
in P hoto j ournalism
Hannah Corral
B ering S ea L ions C lub
S cholarship
Luann Ashenfelter
Lucy Daniels
Margaret Gandia
Lucy Kitchen
Sergie Obruk
Roy Sockpick
Bridie Trainor
D arla “ D olly ” B arton
N ursing S cholarship
Amy Christiansen
Jennifer Hawbold
Rachel Kincaid
Sharon Liska
Kimberly Martinez
Gaojua Yang
L awrence B ay er B usiness
A dministration S cholarship
Erin Pikey
Cameron Poindexter
Nicolette Sauro
D r . G erald B erman
founder ’ s S cholarship
Susan Murphy
G erald S. B erman Ex cellence
in S ociolog y Award
Nanae Ito
P earl B erry B o y d
M usic S cholarship
Christina Hardman
Caitlyn Hatcher
Amy Horstman
April Jaillet
Lora McSwain
B ill & N ell B iggs
S cholarship
Ashley Ahrens
Charles Bergeron
Nicole Carlson
Carly Craig
David Doyle
Trevor Fritz
Alyssia Igliane
Shannon King
Mary Kotyk
Abraham Levy
Yan Ni Lu
Adrienne March
Rebekah Menze
Kaare B ir k eland N orwegian
U S A E x change scholarship
Jonas Wahlen
B olic k F oreign S tudent
S cholarship
Paula Daabach
Anna Liljedahl
Z ella B oseman
M emorial scholarship
Yohance Humphery
R . G . & O nnie B ouchum
M ulticultural S cholarship
Unika Nelson
R . M . & Katherine B o y d
B usiness A dministration
S cholarship
Tara Curran
D r . B ett y B o y d - B eu &
Edwin G. Beu, Jr. Scholarship
Michelle LaChance-Dykman
Pat B ra k k e S cholarship
John Roberson
B reast C ancer D etection
C enter of A las k a R adiologic
T echnolog y S cholarship
Nikki Gustafson
Kelsey McCormack
32
Through the generosity of our scholarship fund donors, generations of students will
continue their quest for education, enrichment and enlightenment at UA, ultimately
strengthening our great state through their achievements and contributions.
B ritish P etroleum /
P hillips U nderstanding
A las k a’ s C hoices Scholarship
Michelle Stephens
Kelcie Ralph
B unnell S cholarship
Paul Hufford
Elizabeth Stickel
Valerie Truncali
C harles B unnell M ining
S cholarship
Aaron Pelto
L o yal D . B ur k ett M emorial
S cholarship
David Abel
Lisa Gardner
D av id & M ary C arlson
S cholarship
Jennifer Alley
Natalie Beach
Wendy Berg
Larissia Billy
Adonia Binkowski
Robert Carpenter
Amy Christiansen
Tawnie Curtin
Rachael Fogal
Leah Gillham
Jennifer Hawbold
Dorothy Hinkley
Oran Hirsch
Melissa Houston
Lavonna James-Liberty
Rebecca John
Rachel Kincaid
Ruth Lavrakas
Mary Lee
Sharon Liska
Kimberly Martinez
Heather McHenry
Eric Moulton
Michelle Wuinton
Cassidy Robinson
Brenda Schmidt
Brian Schneider
Amy Sealman
Myriah Suydam
Sarah Taylor
Jonel Williams
Stephanie Wolcott
Gaojua Yang
D r . H . R ichard C arlson
S cholarship
Jacqueline Mitchell
Ly le C arlson W ildlife
M anagement S cholarship
Christen Brinkmoeller
D rus k a C arr S chaible
in B iological S ciences
Amy Boaro
Verna M. Carrigan Scholarship
Johanna Evans
Angela Fagerstrom
Anastasiya Faity
LeAn Fenner
Lindsay Foreman
Evan Fritz
Joshua Galbraith
Kevin Holian
Matthew Kern
Andrea Kihlmire
Jennifer Maki
Alana Marquardt
Richard Matthews
Nicole Menze
Rachelle Miller
Abram Ortega
Misty Ostrowski
Ellen Peyton
Kathryn Rabung
Analeece Rodriquez-Holloway
Ariel Rolfe
Kayla Walkenford
Mariah Warren
G lenn C arrington
Penny Gage
Ricky Lind
Deanna Strunk
Ann Wilson
C henega C orporation
S cholarship
Nicole Allum
Tabitha Johnson
Stacy Naden
R oland E . “ S k ip ” C he valier
Alan Mitchell
E dward K . & A lene R .
C hristiansen M usic
S cholarship
Dean Shannon
Judi C hristensen - T schida
M emorial R ifle S cholarship
Taylor Beard
W illiam P. C ole P hi A lpha
T heta S cholarship
Brittany Retherford
C ollege of B usiness &
P ublic P olic y A las k a P ride
P rogram S cholarship
Jesse Duntley
Jacqueline Garcia
Robert Hutchins
Pang Lee
Charles Steele
Savion Williams
C ollege of B usiness &
P ublic P olic y S cholarship
Bridget Haley
Lindsey Heiserman
Tara Scudder
Paul Welp
C ollege of E ducation
S cholarship in M emory
of C herry Warden
Rebekah Chung
Ken & O lga C arson
Hannah Armstrong
C ollege of F ellows
S cholarship
Jessa Joehnk
H einie & P egg y C arstens
S cholarship
Joseph Heimerl
Jason Morgan
Rinu Samuel
C ollege R otary S cholarship
Yiwen Fan
Layne Lewis
Kelsey Meyer
W illiam R . & H elen B arr
Cashen Memorial Scholarship
Jennifer Phillips
John C halupni k H oc k e y
S cholarship
Jeffrey Penner
E mi C hance S cholarship
F or A spiring A rtists
GeorgeAnne Sprinkle
C ommunit y & T echnical
C ollege S cholarship
Melissa Davis
Karen Kurtz
Desiree McIntosh
Shauna Moore
Lynnette Warren
C oo k & H augeberg C PA s /
T om B artlett A ccounting
S cholarship
Gurpreet Kaur
A ustin C oole y Talent G rant
Anne Marie Duffy
D eric k son - M as k e y T rust
F und scholarship
Bambi Konetski
R onald F. C osgrav e
S cholarship
Colin McGill
Blake Rider
M i k e D illon M emorial
S cholarship
Larry Mosley, Jr.
Q uinton C ostello M emorial
S cholarship
Raena Rowland
Jac k D istad M emorial
S cholarship
William Pfeifer, Jr.
M able H . C rawford M emorial
S cholarship
Joey Ausel
Summer Beagle
Kristen Berntsen
Allison Canik
Frances Dashiell
Andrew Frankes
Andyn Gunlik
Tabitha Johnson
Jennifer McKay
Roxanne Peter
Kasey Peterson
Erin Pikey
Antonina Stakhovska
Elizabeth Stickel
Ted Dixon Memorial Scholarship
Jace Bures
C redit U nion 1 S cholarship
in M ar k eting
Kathleen Ahern-Karnes
James R . C roo k M emorial
F ellowship
Anna Godduhn
Stan Triebenbach
C ulinary A rts H ospitalit y
S cholarship
Amanda Aspelund
Jason Brooke
Kathleen Galligan
John Layton
Shauna Moore
Kaliska Russell
Jenna Swanson
Amy Voss
D ebendra & Katherine D as
S cholarship
Tess Caswell
B on V. & B ernice D av is
S cholarship
Rebecca George
Patricia A . D av is M emorial
S cholarship
Tamara Wilson
P ia D en k ewalter M emorial
S cholarship
Edward Bos
Elizabeth Kozemchak
Rebecca Litterer
Stephanie Smith
Tabetha White
Iris Williams
Fairban k s C hapter U A F A lumni
A ssociation Jim D oogan
Jessica Untiet
Fairban k s C hapter U A F
alumni association L egac y
S cholarship
Michael Davis
Violeta D octolero
Kathleen Peterson
Gary Wilson
Fairban k s M asonic L odge
# 1 2 S cholarship
Erik Largen
Kathry n E . D o y le S cholarship
Christine Gleason
Kelly Newman
F rancie “ B ud ” FaY
Vicki Stegall
A lice E asle y M emorial
S cholarship
Robert Dindinger
H oward F eder & D av id
S haw G raduate S tudent
S upport F und
Megan Murphy
G o v ernor W illiam A . E gan
S cholarship
Thomas Haydock
H ulda H uttula E lieff
Adrian Raymond
C . T. E lv e y M emorial
S cholarship
Suntrana Smyth
George Walker, V
E ugene E vancoe S cholarship
Eric Merrill
E x cellence in F ort y- ninth
S tate F ellows S tudent A id
scholarship
Brandon Amico
Katherine Bringold
Roberta Goraoff
Michaela Hernandez
Joshua Resnick
Kelsey Sherwood
Sara Swimeley
Katelyn Tullius
E x cellence in G eographic
I nformation S y stems
S cholarship
Matthey Balazs
E x cellence in M ilitary
P rograms scholarship
Carrie Blough
Amanda DiMiceli
Creshendle Kennedy
C arol F eist M emorial Award
for U ndergraduate B iolog y
Kyoko Okano
Mitali Patil
F e j es M usic S cholarship
Eric Retterer
Mandi Wisland
F eminist S cholarship
and Award
Sarah Aiken
Carla Buys
Andrea Foreman
Cristina Gaina
Lucinda Miller
Marjan Warmilee
Gretchen Weiss
F ift y B elow C harter
C hapter of the A merican
B usiness W omen ’ s
A ssociation S cholarship
Willow Bowen
F irst G eneration S tudent
S upport scholarship
Stephanie Boyer
Ian Broste
Olga Losik
Matthew Ness
John Roberson
Anna Schoppert
F lint H ills R esources
S cholarship
Lucas Myers
A T reasured
T radition
Donors Have 50-Year
History with UAF
Joe and Ann Tremarello, once
UA students themselves, are now
supporting the success of current
students. The couple, who most
recently donated $100,000 to fund a
scholarship in honor of Joe’s parents,
have established several scholarships,
including the Joseph Sr. and Rose
R. Tremarello Memorial Scholarship
for varsity basketball players, and the
Earl Maxwell Memorial Scholarship
for geography students.
Supporting the university is
a treasured tradition for the
Tremarellos, who have a 50-year
relationship with UAF. Both earned
degrees at UAF. Ann retired as
registrar after 30 years. Joe is
a former basketball player and
women’s basketball coach. And
the couple still attends nearly every
home basketball game.
Ann and joe tremarello
34
33
B ritish P etroleum A lliances
of L earning and Vision for
underrepresented Americans
scholarship
Eric Ballam
Velen Garcia
Dustin Smith
Austin Stewart
Kay & P erry G ines
S cholarship
Nicholas Pennington
W illiam T homas F oran
S cholarship
Maia Matarrese
G lenmede T rust M usic
S cholarship
Shawn Savageau
Margo Thibodeau
D av id F orbes M emorial
S cholarship
Paul Tornow
M ichael D . F ord M emorial
S cholarship
Jeffrey Lamb
Pepper Piper
F ort R ichardson C i v ilian
C lub S cholarship
Eric Brinkman
P reston F owler M emorial
S cholarship
Lisa Stowell
Johnn y & S arah F ran k
S cholarship
G. Bruce James, Jr.
Roxanne Peter
A rdell F rench M emorial
S cholarship
Eric Mathews
F riends of the P erforming
A rts S cholarship
Michael Smith
G C I S cholarship
Jena Benton
Melissa Kahler
R alph & M arie G eorge
S cholarship
Amy Christiansen
Elias Wilterding
G erson Family S cholarship
Jessica Allard
G H E M M C i v il E ngineering
S cholarship
Ryan Goentzel
M ary G hezzi N ursing
S cholarship
Rachel Tidwell
C olin G ilmore
Joel Forbes
Britte Merculief
G lacier H ighway E lectric
A ssociation scholarship
Alice Miller
F lo y d & A ngelina G ori
Av iation S cholarship
Natalie Creamer
Jamie Kunkler
C harles F. G ould
S cholarship
Cory Ahnangnatoguk
Sherri Adams
Paul & F lora G reimann
Hannah Harrison
Jane G riese M emorial
S cholarship
Amy Horstman
M ary Pat H aberle M emorial
S cholarship
Anna Boutwell
H ach S cientific F oundation
S cholarship
Shandra Miller
John & M ae H a k ala
S cholarship
Kimberly Bower
Aimee Faulkner
Aloysa Harwood
Larsen Hess
Janne Maier
Danielle Pettijohn
T om & N anc y H allinan
M usic S cholarship
Ashley Fukuoka
Hannah Wagar
Patt y H amilton E arly
C hildhood D e v elopment
S cholarship
Shani Anderson
Debora Ann Forrester
Julie Rahm
Jay H ammond M emorial
S cholarship
Daniel Zollman
M uriel H annah S cholarship
Jessica Brown
Jerelyn Miyashiro
H aw k C onsultants P ro j ect
M anagement S cholarship
Kirk Medak
Anson Renshaw
Lisa Von Bargen
T homas H ead M athematical
S ciences S cholarship
Ezra Strong
W illiam R andolph H earst
A las k a N ati v e S cholarship
Andrea Azan
Jennessy Buendia
Jason Burnett
Kiberly Climenson
Sterling DeWilde
Gloria Eyon
John Henderson
Ken McCarty
Charles Smoke
A ugie H eibert S cholarship
Matthew Dillon
John H enderson S cholarship
Andrea Azan
Jennessy Buendia
Jason Burnett
Kiberly Climenson
Gloria Eyon
S idne y H enderson
S cholarship
Sarah Aiken
Tonya Lloyd
D av id & R achel H op k ins
F ellowship
Hayley Lanier
H orning M emorial
S cholarship
Dylan Bruns
H orton / S altz Av iation
S cholarship
Benjamin Robinson
R and y H owenstein M emorial
F ield R esearch S cholarship
Jessica Beecher
M i k e H o y t S ociet y of
A merican F oresters
S cholarship
Matthew Sprau
Velma H ubbard M emorial
S cholarship
Jonathan Williams
C . R ussell H uber R O T C
S cholarship Award
Bridgette Navejar
Patricia H ughes E astaugh
T eaching S cholarship
Avery Grossardt
Matilda Kazimirowicz
Aidee Rodriquez
Rochelle Wonhola
Auguste Stiehr
H arriet H ess S cholarship
Samantha Bacon
Crystal Glassburn
M. Alyssa Jeannet
Kathryn Mohrmann
W illiam R . H unt H istory
S cholarship
Artem Zhdanov
Robbin Garber-Slaght
Eric Hill
R oger H ic k el S cholarship
Gary Baldwin
Lynnette Warren
D onald W ills Jacobs
S cholarship
Jennifer Day
D r . A le x H ills Award
Samantha Tanner
Melinda Willman
Krysta Wojnowski
T heresa Jimenez M emorial
S cholarship
Sarah Grover
D on H odges M emorial
G eolog y S cholarship
Tristan Wagner
H enry W. H olliday
S cholarship
Ossip Camahuali
Luke Dedych
Olga Fedorova
Jordan Troisi
D r . D onald H ood
for M arine S cience
Markus Janout
Juneau E l k s L odge
S cholarship
Lai Hinckle
Sterling Snyder
S tac y Kaiser M emorial
S cholarship
Ethan Nelson
C onnie B . Kalita M emorial
S cholarship
Alexander Goese-Goble
Kenai C ampus S upport
E x penditure F und
Harrison Dever
Kenai P eninsula C ollege /
B roc k el Family S cholarship
Todd Closson
Kenai P eninsula C ollege
Riemann Memorial Scholarship
Brandi Henry
Katarzyna Pacyna
Kennecott M inerals C ompan y
R ecruiting S cholarship
Keith Clark
Aaron Debrah
Tonya Lloyd
Ketchi k an A d v isory C ouncil
S cholarship
Thanh Nguyen
Ke y B an k S cholarship
Crystal McGill
Ke y B an k S cholarship for
B usiness & E conomics
Stephanie Perry
Stevie-Kaye Pyfer
Sterling Snyder
Kibri k & B ergelson S tudent
S cholarship
Tamara Denisova
Maxim Prokudin
John W. Johnson S cholarship
Colynn Isaacson
Megan Richards
Kibri k & B ergelson S tud y in
R ussia S cholarship
Teeka Ballas
Linda Remaley
B rian Jones M emorial
S cholarship
John Hendericks
R odne y P. Kinne y, S r .
Nicholas Shellabarger
Juneau D ouglas H igh
S chool C rimson B ear
S pirit S cholarship
Kyla Daniels
Jensyne Mason
C hris L . Klein k e S cholarship
Rhonda Lanier
I v er & C ora Knapstad
S cholarship
Cicely Cox
Cashet Garrett
Regina James
G ary Kobayashi E ngineering
S cholarship
Averian Larsen
David Mork
Maxim Prokudin
Kodia k C ollege C ouncil
S cholarship
Tanya Kitka
Kodia k C ollege N ati v e
S tudent S cholarship
Lisa Alexanderoff
Silvia Cavan
Robert W. Korn
robert w. k orn scholarship
Kimberly Collins
McKenzie Herring
John Nichols
Galen Vansant
A le x andra Krauss M emorial
S cholarship
Vivian Mork
R ud y Kre j ci M emorial
scholarship
Raymund Hawley
K R U A S tudent S cholarship
Harrison Alger
Peter Bradley
Mindy Graham
Derek Heafer
F red A . & I nez M . Kubon
S cholarship
Gregory Broline
Kristofferson Catabay
Keith Clark
Shusila Dhungana
William Farrell
Bethany Freel
James Frost
Michael Golub
Katherine Harris
Eric Hill
David Kitchens
Alexey Kotlovenko
Kasper Kowalewshi
Tonya Lloyd
Maria Medvedeva
Shelly Meyer
Seth Miller
Jason Morgan
Dominic Orr
Patricia Parente
Dustin Ray
William Robinson
Kirsten Schultz
Terry Taylor
Ulysses Twogood
Gabriel Woodmansee
A rlene Kuhner M emorial
scholarship
Billeen Carlson
D av id L uchini M emorial
S cholarship
Dawn Hughes
D o v e Kull S cholarship
Cynthia Spivey
Kristin Voss
A nne L u k e M emorial
S cholarship
Shirley Arington
Charity Curlee
Amy Wolff
D onald L agerlef
S cholarship
Brittany Barkshire
Averian Larsen
R oger L ang M emorial
scholarship
James Isturis
Kai Monture
A ustin E . L athrop
S cholarship
Jason Dahlen
Adam Doten-Ferguson
Amanda Even
Mandy Haugstad
Shirley Hess
Daniel McFarland
Amanda Robson
Tyrell Sears
Aemon Wetmoree
P eter M acKeith M emorial
scholarship for
G eological S ciences
Valentina Radic
Peter Rinkleff
S tuart S . M ac k owia k
S cholarship
Rebecca Charlie-Runfola
Abel Ryan
M A P C O H onors P R O G R A M
scholarship
Joel Hebert
Kelsey Sherwood
John F. M aroone y M emorial
S cholarship
Travis Booms
F ran k lin M . L each
S cholarship
Theodora Castillo
Randi Kindgren
B onnie M artin M c G ee
M emorial N ursing
S cholarship
Gaojua Yang
R ichard E . L ee scholarship
Kristen Shake
S eamus M awe S cholarship
Natalie Beach
C harles W. & H ortense W.
L ewis S cholarship
Ezra Strong
E arl M a x well M emorial
S cholarship
Trevor Hyatt
C harles & H ortense L ewis
S cholarship
Dana Wassmann
A strid E . & G ordon S .
M c B eath S cholarship
Jennifer Day
F loris L icht R hode
S cholarship
Phillip Daniel
Maia Matarrese
J . E llsworth M c C arth y
Erica Schooley
R uth L ister S cholarship
Melonie Robinett
L i v ingston S lone , I nc .
Scholarship
Gary Baldwin
T heodore & A udre y L oftus
S cholarship
Jacob Kaimbacher
L eona L owre y M emorial
S cholarship
Ronald Brower, Sr.
D av e M c C loud Av iation
Brett Bohn
Criag Felpel
Marita Tolson
G eorge M c D aniel S chool
of M ineral E ngineering
scholarship
Kyle Mellen
Lance Twitchell
T ed M c H enry B iolog y F ield
R esearch scholarship
Hayley Lanier
Trixie Lee
36
35
Ly dia F ohn-Hansen / Lola H ill
S cholarship
Helen Anderson
Lugene Drexler
Charesa Faris
Lori Grower
Julie Rahm
R obert J . M itchell M emorial
S cholarship
Michael Titus
B onita J . N eiland
S cholarship
Melissa Deiman
M . P. O swald S urv e y ing &
M apping S cience scholarship
Kimra Widmer
Patty McManamin scholarship
for E ducation
Alexandra Chlebowski
Shena Churchill
Dana Collins
Heather DiLucchio
Casey King
Mellissa Mayse
Roberto Medina
Brittany Richards
Sheng Vang
R obert J . & M ary M . M itchell
S cholarship
Amanda Hartman
A . R onald N erland M emorial
S cholarship
Benjamin Nelson
B rian E . M owre y M emorial
S cholarship
Chloe Malveaux
A ndrew N erland
S cholarship
John Hood
Kari Dammerman
A lv in G . O tt F ish & W ildlife
scholarship
David Christian
Steffi Schreiber
M echanical E ngineering
S cholarship
Robbin Garben-Slaght
Abram Ortega
L ois E . M eier A ccounting
S cholarship
Scott Lade
Ivan Lind
L ois E . M eier G uidance &
C ounseling S cholarship
Nivia Martin
Elizabeth Olson
L ois E . M eier S cholarship
Kimberley Climenson
R ichard M ellon
S cholarship
Melissa Andresen
Krystal Francesco
Aleta Geer
Stevie-Kaye Pyfer
Shannon Udland
Kirk Wilson, Jr.
R alph M igliaccio M emorial
S cholarship
William Robinson
Irene Turletes
G eorge & M in é M i k ami
S cholarship
Yuliya Kermes
Lucas Kovtynovich
M i k e M iller E ndowed
S cholarship
Melinda Shaver
S te v en M iller C reati v e
W riting scholarship
Kortnie Westfall
M olly A nn M ishler M emorial
S cholarship
N orbert M uller
S cholarship
Kurdel Roberts
A llie M urph y / B lac k
Awareness S tudent U nion
S cholarship
Chloe Malveaux
Alvinia Quarles
A lma J . M urph y S cholarship
Abigail Moon
C aroline M usgro v e C oons
W riting S cholarship
Nicole Allum
Christopher Low
C lause N as k e H istory
S cholarship
David Drexler
N ational A lliance for
the M entally I ll of
Fairban k s Jo y A lbin
Ebony Davis
Jeannine Palmer
Aleta Geer
N ational A ssociation of
P rofessional M ortgage
W omen , M at- S u Valle y
A las k a S cholarship
Dana Fields
N ational A ssociation
of S ocial W or k ers
S cholarship
Jacqueline Campbell
Rebecca Rastall
Jennie Schroll
N ational D efense
T ransportation
S cholarship
Natalie Creamer
Jui-Fen Liu
Jennifer Ward
Luke Wilmarth
Joe N ava S hooting
S cholarship
Glen Pettersson Sartz
M ildred N erland / P E O
S isterhood M emorial
S cholarship
Courtney Sanborn
M aureen E . N olan - C ahill
Mary Kotyk
Steffi Schreiber
C y nthia N orthrop M emorial
S cholarship
Vahur Teppan
N ursing S tudents in N eed
scholarship
Marjorie Belieu
Patricia A nn O a k es M emorial
S cholarship
Alisha Asplund
Jessie O ’ B ryan M c I ntosh
S cholarship
Evan Anderson
Steve Antoni, II
Shannon Christensen
Casey Corbin
Randi Kaihoi
Nivia Martin
Bryant Molle
Amanda Poole
Stephanie Standley
Alida Trainor
Joseph R . O den M emorial
S cholarship
Jennifer Carter
D on & Jan O ’ D owd / S tatewide
A dministration A ssembly
S cholarship
Jennessy Buendia
Tennesse Judkins
Joe Ward
D iane O lsen M emorial
scholarship
Stephen Deutsch
W illiam a . O ’ N eill & Violet R .
L undell O ’ N eill S cholarship
Jacob Kalmbacher
Allison Stadig
Jeanie Szidloski
Emily Tolleson
Margaret Trodden
S elina P eratro v ich
S cholarship for N ati v e A rts
Vivian Kokotovich
Geraldine Williams
Parasca S cience
R esearch Award
Athea Alabanzas
Summer Engler
P etroleum E ngineering
Lyazzat Khamzina
W. S cott Parrish M emorial
S cholarship
Keith Clark
H arold R . P e y ton C i v il
E ngineering S cholarship
Sterling DeWilde
D oroth y Pattinson
A ccounting S cholarship
Galya Georgieva
M arie P hibbs C ulinary
A rts S cholarship
Zeryl Okray
E rnest N . Patt y S cholarship
Melissa Walker
P h y sics S cholarship
Christopher Granade
Mindona Krzykowski
W illiam Paul S cholarship
Cameron Poindexter
G rant P earson & S hirle y
S ulli van S cholarship
Rochelle Adams
Misty Gil-Martinez
P E O S isterhood C hapter D
S cholarship
Johanna Evans
P ep B and S cholarship
Britton Anderson
Kristopher Artz
Stephen Bergstrom
Hannah Bjornstad
Gwendolyn Brazier
Tess Caswell
Sawyer Collins
Dominic Kionne
Ashley Fukuoka
Daniel Gaisford
Alexander Goese-Goble
Megan Hahn
Jackie Henry
William Herron
Mercedes Hughes
Gilbert Jameson III
Joshua Johnston
Paul Knapp
Bryce Kositz
Nolan Lind
Travis Majdic
Allison Martin
David Martinson
Jason Moore
Paul Rios
Daniel Schubert
Nicklaus Sorum
Sheila Spader
P eter P latten M emorial
S cholarship
Arnold Marks, Jr.
P oint L ay M emorial
S cholarship
Chastity Olemaun
S andra P ogan y M emorial
S cholarship
Michael Rose
E duardo G ustav o P rieto
S cholarship
Au Nguyen
Michelle Steffens
P rince W illiam S ound
C ommunit y C ollege
Ester Bermudez
Frank Box
Thomas Box
Bobby Boyd
Debra Boyle
Kristi Bradley
Vern Bussing
Sherri Catledge
Wanda Clark
Mary Deason
Arthur Delaune
Stephanie Duboc
Crystle Dunning
Amah Essiet
Corrina Finnesand
Donna Henry
Glenna Hill
Francisco Huaca
Debra Jackson
Arlene Jasky
Catherine Jones
Nancy Kelly
Marissa Leahy
Jun Ho Lee
Emily Livingston
Alsex MacPhereson
Lindsay Malone
Joseph Masters
Emily McCarthy
Kimberly McCotter
Tammy Meier
Pearl Miller
Tesh Miller
Tommie Mooney
Patty Mullins
Candace Mumford
Kelly Nancy
Stacey Ostlund
Daniel Parish
Karina Pevan
Lori Price
Emily Skillbread
Monet Small
Allison Smith
Allison Squires
Michael Stevens
Shelia Winter
T on y P roc k ish M emorial
scholarship
Christopher Ingham
Q uanterra S cholarship
David Monk
E ugene & L oretta R afson
S cholarship for S tudents
with D isabilities
Melissa Buchta
R asmuson rare boo k s
scholarship
Stacey Carkhof
R obert L . & Virginia R .
R ausch S cholarship
Shirley Holmberg
Jordan Lewis
B ill & F rances R ay
S cholarship
David Abel
Janelle Fritze
Rachael Gaedeke
Rae Jackson
Alecia Lindley
R ecruitment & R etention of
A las k a N ati v es into N ursing
P rogram S cholarship
Larissia Billy
Kimberly Bower
Letitia Churchill
Michelle Cooper
Monica Garcia
Leah Gillham
Lynnette Jackson
Rebecca John
R ewarding
D edication
to U A
Award Recognizes
Excellence in Support
of University
The late Edith R. Bullock devoted her
life to supporting UA and, this year,
an award in her name was presented to
Judith Kleinfeld – another woman who
has dedicated herself to the university.
Bullock, who served eight years on the
UA Board of Regents and four years
on the Board of Trustees, created the
Edith R. Bullock Prize for Excellence,
which recognizes an individual who
has demonstrated excellence in
support of UA. It provides a $20,000
annual cash award – the largest
single award made annually by the
Foundation’s Board of Trustees.
The 2008 Prize for Excellence was
awarded to Judith Kleinfeld, a UAF
psychology professor since 1969,
co-director of UAF’s Northern Studies
program, and director of the national
Boys Project.
“She is a fearless investigator and
candid commentator on many issues
important to the times in which we
live,” said Ann Parrish, chair of the
UA Foundation Board of Trustees.
“The University of Alaska is lucky to
have such a courageous academic in
our midst.”
From LEFT TO RIGHT: mark hamilton, judith Kleinfeld, Mary rutherford
3
38
2007-2008
HO
I PL ARRESCHIIPPI E
T ISP I E N T S
2 0S0C
6H
- 2O
0 0L7A SRCSH
RN
EC
37
E mma W. M cKinnon
S cholarship
Stephanie Pilch
R egents ’ S cholarship
Summer Beagle
Solomeia Kojin
Olga Losik
Lucinda MacNeal
C larence J . R hode
S cholarship
Jonathon Richar
A . D. “ Al” & Maxine Robertson
Jennessy Buenida
Jessica Davis
S ac k inger G eological
E ngineering F ellowship
Tshering Penjore
Pravat Rai
M i k e S aclamana N orthwest
C ampus S cholarship
Luann Ashenfelter
Nichole Crowe
Margaret Gandia
Violet Kingeekuk
Bridie Trainor
R icardo S ainz M emorial
S cholarship
Heidi Gray
L esle y S alisbury M emorial
M usic S cholarship
Jessica Deleon
C aroly n S ampson / U A F S taff
C ouncil M emorial Award
Nicklas Bywater
E . T homas & R ay e A nn
R obinson S cholarship
Crystal McGill
B ett y K . S argent M emorial
S cholarship
Jac k & M artha R oderic k
S cholarship
Enkhtsetseg Gendendorj
JoAnna Maus
Jerry Roys
S chlumberger E ngineering
S cholarship
Maria Medvedeva
Joseph Patz
Amy Rask
Pat & C liff R ogers N ursing
S cholarship
Natalie Beach
Letitia Churchill
Mary Lee
Brian Schneider
S cholarship for
I nternational E ducation
Courtney Sanborn
B ett y R oss M attson
S cholarship
Sarah Behr
Sara Carlson
Melissa Cope
Diana Drath
Megan Eilers
Laura Grage
Nichol Kelough
Katherine MacDonald
Michelle Peschke
Elise Shahan
R ussian / C entral A sia
Alexey Bogolepov
Anya Danilova
Kristian Klimovich
John R utherford N o y es
Blue Rose
S chool of E ngineering
S cholarship
Esteban Acevedo
Sarah Aiken
Dudley Babb
Brittany Barkshire
Luke Dedych
Olga Fedorova
Averian Larsen
Elizabeth McCauley
Maxim Prokudin
Brian Sister
E v eline S chuster
M emorial Award
Brit DelMoral
S iemens B uilding
T echnologies S cholarship
S iemens Pacific A lliance
P rogrammatic S upport
scholarship
Alex Bergeron
Ossip Camahuali
Erica Carroll
Mae Mendenhall
Ethan Ojala
Michael Paulsen
Arthur Slats
Austin Stewart
Kara S imon M emorial
Jennifer Alley
Amy Christiansen
Rachel Kincaid
Ward S ims M emorial
S cholarship
Maureen McCombs
Melissa Smith
Kortnie Westfall
S it k a C ampus S cholarship
Shannon Agne
S itnasua k S chool of M ineral
E ngineering S cholarship
Jessica Untiet
L illian S mith S cholarship
for T eaching S tudents
Rebekah Chung
Victoria Flint
Josh Perry
Ashley Shiell
Kimberly Wailes
M arie S mith S cholarship
for E ya k S tudents
Colynn Isaacson
P hilis S mith M emorial
S cholarship
Courtney Gullyer
Carrie Van Sloun
R ichard S mith F reshman
S cholarship
Albert Beaver III
L arry S helter M emorial
U A F R ifle S cholarship
Layne Lewis
R ichard G re y S mith
S cholarship
Eleanor Wirts
H arv e y S hields F ellowship
in A R C H A E O L O G Y
Sarah Meitl
S nodgrass A gricultural
scholarship
Shelia Hansen-Guess
C lair S hire y S cholarship
Sherri Criley
S ociet y of A merican
F oresters D i x on E ntrance
C hapter S cholarship
Marita Tolson
S ociet y of A merican
F oresters / R ichard W.
& M argery Tindall
Scholarship
Ellen Hatch
S ourdough R eunion
Jennifer Bennett
Solomeia Kojin
Jennifer Maki
A . D oris S outhall N ursing
S cholarship
Aaron Smith
S outheast C onference
S cholarship
Dollie Enright
Cassandra Huffman
George Jackson
Jensyne Mason
Micaela Ponce
Elizabeth Stickel
S outheast R oundup
S cholarship
Emily Benner
Celina Dobrydnia
Grace Lumba
E stelle J . S patz
U ndergraduate
R esearch S cholarship
Eric Addison
Donald Ballard
Kali Bennett
Vanessa Bergstedt
Amanda Chriest
Brit DelMoral
Alison Eshenower
Mindy Grahm
Lisa Healow
Magdalene Jacobs
Eric Mathews
Jerelyn Miyashiro
Robin Morales
Kelcie Ralph
Rebecca Robinson
Revathy Smith
Michelle Steffens
Jim S telmoc k M emorial
S cholarship
Benjamin Kraft
M art y T hies M emorial
scholarship
Lavern Huntington
S tory S cholarship
Margaret Edwards
Patricia Young
L owell T homas , Jr .
S cholarship
Jennifer Addison
Gretchen Garcia
S tring P lay ers scholarship
Larissa Cochran
S tudent C eramic A rts
G uild / Krist A nderson
Ernest Forward
S turgulews k i Family
scholarship
Carolyn Holmes
John Lagoutaris
D oroth y S ugg / R otary
S cholarship
Megan Emerson
A gnes S . S unnell
S cholarship
Nastasia Vaska
Ken S wanson M emorial
S cholarship
Joshua Holbrook
G erald S wisher S cholarship
Spencer Giles
S y ril’ s R ising S tar
scholarship
Aleta Alstrom
T 5 S S cholarship
Megan Emerson
B en j amin & Virginia Talle y
S cholarship
Billeen Carlson
Amy Christiansen
R obert S pec k M emorial
S cholarship
Sarah Milne
Tanana Valle y C ampus
C ulinary A rts S cholarship
Joanne Beck
Bonnie Carroll
Mary Holton
Deloris Johnson
Christopher Jordan
Graciela Krumm
Zeryl Okray
Jessica Olsen
Victoria Pacheco
Aria Shilanski
S heri S tears E ducation
S cholarship
Rebekah Chung
D onald R . T heophilus
F und for S cholars
Jennifer Chambers
R e x T homas M emorial Award
Micah Miller
M arian & W. F. T hompson
Cary Curlee
Laureli Kinneen
G ray S . & L ola C . T illy
S cholarship
John Ashcraft
Amanda Babcock
Leslie Drumhiller
Joseph Horton
T ogia k Village S cholarship
Bradley Atakitlig
M ar k A . T omlinson S pi k e
C lub S cholarship
Jessica Hill
T opcon S urv e y S cholarship
Kimra Widmer
T otem O cean T railer
E x press S cholarship
Nelson Carpluk
A aron H oward T ownsend
C i v il E ngineering M emorial
S cholarship
Elliot Wilson
Joseph T remarello , S r .
memorial S cholarship
Sarah Herrin
B radford T uc k S cholarship
Michelle Steffens
Ken T urner M emorial
F ellowship
Maryann Bozza
Kelly Newman
T u x edo Junction
scholarship
Anne Dalmadge
Emily Hawker
Nicole Jensen
Laura Lemire
Laura Miko
Dustin Raymond
U A G eneral S cholarship
Stephanie Boyer
Hanah Carson
Amanda Elbert
Tammy Enoch
Mary Flemister
Mary Kleven
Nick Morrill
Lucas Mullen
Andrew Wilkinson
U A F M emoria L
S cholarship
Matthew Balazs
U A A A ccounting C lub
scholarship
Tamara Denisova
Mary Bridget Haley
U A S A lumni A ssociation
Ketchi k an C hapter
S cholarship
Dawn Schlosser
U A A A lumni S cholarship
Sarah Aiken
Eric Brinkman
Robert Dindinger
Lindsey Moore
Jennie Schroll
Michelle Steffens
U A S G eneral S cholarship
McKenzie Dombirer
U A A G eneral S cholarship
Gary Baldwin
Elizabeth Garza-Cotton
Lindsay Hall
Phillip Heam
Rebecca Lupie
Nicholas Morrill
Kendall Nielsen
Benjamin Robinson
Keren Wright
U A F A lumni A ssociation
S cholarship
Kimberly Streeter
Jessica Untiet
U A F C hancellor ’ s
U ndergraduate
R esearch S cholarship
Velva Combs
Stephani Evan
Aleria Knudson
U A F G eneral scholarship
Gavin Bryant
Christie Carlo
Jessica Davis
Nicole Gregory
Frederick Huntington, Jr.
Matthew Kessler
Christopher Kriska
Alexander Lauirtzen
Anthony Mach
Sarah Meitli
Bryan Molle
Scott Mountain
Courtney Sanborn
Eva Stephani
Lance Twitchell
Margi Walker
Sigourney Walker
Yiming Wang
U A S A lumni
S cholarship
Theodora Castillo
Abraham Levy
Stephanie Perry
Michael Rogers
U A S Vo - T ech scholarship
Kyle Messing
Christian Parker
U miali k S cholarship
Dudley Babb
Gary Baldwin
Muriel Brower
Aaron Carroll
Micaela Croteau
Melanie Dela Rosa
Madeline Gallahom
Christine Gamer
Lorena Guerrero
Bridget Haley
Molly Lane
Christopher Logan
Alfonso Martinez, Jr.
Heather McKee
Derrick Mells
Valerie Nelson
Melissa O’Bryan
Drew Olson
Carl Peterson
Cassandra Rasco
Kirmanie Ravariere
Brittany Richards
Steffi Schreiber
Nicole Sears
Marilyn Smith
Mohammad Soltani
Stephanie Wargi
Annie Weber
Dana White
U sibelli H onors
S cholarship
Mariah Acton
Nicole Allum
John Ashcraft
Leslie Drumhiller
Michael Farrell
Ashley Fukuoka
Christopher Granade
Hannah Harrison
Bronwyn Harrod
Ellen Hatch
Bryce Kositz
40
39
Chelsea Johnson
Aaron Peters
Annie Peterson-Lewis
Michelle Quinton
Rebecca Smith
Myriah Suydam
Erica Tibbits
Arlene Vanderpool
Michelle Wilson
W ells Fargo B an k
S cholarship
Christine Aujero
Sat Nam Khalsa
Mary Ann Kleven
Shiona Melovidov
W illiam & D oroth y Jane
W ood Talent G rant
Colt Chase
Cicely Cox
Dorothy Freeman-Wittig
Leroy Hughes
Hanna Stevenson
U sibelli school of mining
engineers S cholarship
Margaret Yngve
W ells Fargo B an k A las k a
S cholarship
Gurpreet Kaur
Josiah Keller
Isabeau Lyons
Jennifer McMillan
Danuelle Wooten
U S K H S cholarship – U A A
A lumni A ssociation
David Mork
Justin Salberg
W ells Fargo C areer
S cholarship
Lindsey Heiseman
Dimitri Yimga
U S K H G ordon U nwin
S cholarship
Brendon Bruns
Jim W hisenhant S k i
S cholarship
Elisabeth Habermann
R ichard K . W oodward
E ndowment S cholarship
for B iological S ciences
Rebecca Charlie-Runfola
H elen Van C ampen
Journalism S cholarship
Alexandra Black
N oel & A da W ien M emorial
S cholarship
Lavern Huntington
R alph Yet k a M emorial
scholarship
Sara Nichols
J . Van D en T op / T he S uperior
G roup, I nc . C onstruction
M anagement scholarship
Lynnette Warren
Jack Pearce
A lden W illiams F light
S cholarship
Hammond Kaitlin
Joan C . Yoder M emorial
Natalie Beach
Letitia Churchill
Mary Lee
Brian Schneider
Joan & D ic k Wadlow
S cholarship
Samantha Decker
A lbert O . ( O le ) Wahto
Kimberly Streeter
B ill Walle y M emorial
S cholarship
Ryan Long
G eorge D . Walton
Charles Whitmer
Wards C o v e S cholarship
Daniel Teaske
B ill & H elga Watterson
S cholarship
William Mangano
W illiam I . Waugaman
Bridgette Navejar
M innie W. W ells L iterary
C riticism Award & E nglish
L iterature S cholarship
Amanda Babcock
A lice W ilson
S cholarship
Clarissa Ribbens
W illiam S . W ilson
Keegan Birchfield
Steffi Schreiber
Paul W ingren M emorial
Vocational S cholarship
Ashley Calvo
Thanh Nguyen
Jo A nne W old S cholarship
in Journalism
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 anoo k Varsit y
S cholarship
Nicole Bozek
W illiam O . W ood M emorial
S cholarship
Alexis Fernandez
G u y W oodings scholarship
Lorene Lynn
B ebe H elen Kneece
W oodward S cholarship
James Stugart
Yu k on D elta F isheries
D e v elopment A ssociation
S cholarship
Meredith Akaren
Audrey Alstrom
Isaiah Charles
Roberta Charles
Sonta Hamilton
Tracy Horn
Jennifer Kameroff
Marcia Leopold
M il Z ahn M emorial / A las k a
F ish & W ildlife S afeguard
S cholarship
Melanie Bakker
Daniel De Bord
B rian R . Z elen k a M emorial
S cholarship
Joshua Payne
Carla Tomsich
A lbert A . Z ucchini
S cholarship
Aaron Pelto
N ew E ndowments established in F Y 0 8
T O P 1 0 E ndowments
Alpine Skiing Scholarship
James Hugh Anderson Endowment
Associated General Contractors (AGC)
TVC Construction Management Scholarship
Robert B. Atwood Chair of Journalism
Will Bergeson Memorial Scholarship
Dr. Art Buswell Public Service Leadership Award
Ken and Olga Carson Memorial Scholarship
Alan B. Christopherson Engineering Scholarship
Frederick and Carol Eastaugh Scholarship
Excellence in Allied Health
Jan and Glenn Fredericks Scholarship
Tim Gail Memorial Scholarship
Leonard Hamilton Scholarship
George M. Hedla Endowment
Lenore and George Hedla Accounting Scholarship
Mathew Iya Memorial Scholarship
Juneau Rotary Scholarship Endowment
Marshall L. and Lois A. Lind Scholarship
Hewitt V. Lounsbury Endowed Scholarship
Nordic Ski Trail Maintenance and Usage
Jean B. Schmitt Scholarship
Siemens Building Technologies BSE Scholarship
Women’s Volleyball Scholarship
Willard “Buck” Whitaker Memorial Scholarship
C. W. Snedden Chair
Fathauer Chair in History
Fred A. and Inez M. Kubon Scholarship
International Trade
Rasmuson Economics Chairs
Rasmuson Fisheries Endowment
Rasmuson Rare Books
Ted Stevens Distinguished Professorship of Marine Policy
Yukon Delta Fisheries
Richard & Sally Wien Endowed Scholarship
We’re in! Ua statewide staff and alumnus
demonstrate their commitment
UA Employee Gives Back
In 2008, UA employees once again demonstrated their commitment to the university in a very tangible way.
During the 2008 statewide employee fundraising campaign, 67 percent of UA staff and faculty made financial
contributions to the university – by far outpacing the national faculty/staff giving average of 17 percent. left to right, ryan muspratt and dr, cary s. keller
photo by tammi weaver
“The generosity speaks volumes about the character of University of Alaska employees, and is a remarkable representation of Alaska as a
whole,” said Ryan Muspratt, who participated in his first Statewide Staff campaign as the UA Foundation Accounting Student Assistant.
In addition to being a UA student employee, Muspratt is also a UAF alumnus, who graduated with a bachelor’s of business management in
May 2008. During Muspratt’s college career, he was also a member of the Nanooks hockey team and received several athletic scholarships
that allowed him to attend classes full-time. Muspratt said those scholarships motivated him “to stick with school and hockey, get good
grades and graduate debt-free.”
Inspired by his own experiences, Muspratt wanted to provide the same opportunity to other UAF students and, in his senior year, he
established the Dr. Cary Keller Scholarship Fund. The fund, named in honor of Dr. Keller of Sportsmedicine Fairbanks who has donated
many hours of his time to helping UAF athletes, will provide scholarships to future UAF student-athletes. Two $1,000 scholarships will be
awarded each year.
“Ryan is an excellent example of the cycle of generosity – an employee and an alumnus who has exhibited as much generosity toward his
alma mater as it provided to him,” said Mary Rutherford, Foundation President.
42
41
Micah Miller
Shelah Moreno-Jones
Cortney Pylant
Amy Rask
Adrian Raymond
Megan Richards
Shalom Schrader
Suntrana Smyth
Ezra Strong
Matthew Van Atta
44
2 0 0 7 - 2 0 0 8 F I N A N C I A L S TAT E M E N T S
2007-2008 DONOR BILL OF RIGHTS
43
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.
The text of this statement in its entirety was developed by the American Association of Fund-Raising Counsel (AAFRC), Association for Healthcare
Philanthropy (AHP), Council for Advancement and Support of Education (CASE), and the Association of Fundraising Professionals (AFP), and
adopted in November 1993. The University of Alaska and the University of Alaska Foundation subscribe to the principles contained herein.
Uni v e r s i t y of A l a s ka F O UND ATI O N A n nual Re port
Fi na nc i a l S tat e m e nt s
June 30, 2008 a nd 2007
( W ith In de pe n de n t Aud itor’ s Re po rt Th e reon)
KPMG LLP
Suite 600
701 West Eighth Avenue
Anchorage, AK 99501
University of Alaska FOUNDATION
Assets
The Board of Trustees
University of Alaska Foundation:
46
STATEMENTS OF FINANCIAL POSITION
June 30, 2008 and 2007
2008
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
45
2007
Cash and cash equivalents
We have audited the accompanying statements of financial position of the University of Alaska
Foundation as of June 30, 2008 and 2007, 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.
$
Interest receivable
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, 2008 and 2007, 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 2008 financial statements include investments valued at $64.5 million, (36.7% 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.
November 17, 2008
6,667,761 9,339,221
16,548,427 6,639,563
154,695 189,399
77,311 77,363
424,560 424,561
116,221,511 119,528,124
38,171,670 29,365,174
$ 179,280,295 $ 169,213,410
Contributions receivable, net
Escrows receivable
Other assets
Pooled endowment funds
Other long term investments
L i ab i l i t i e s Due to the University of Alaska
Other liabilities
$
2,033,256 $
1,920,407
15,328 272
327,737 331,739
Term endowment liability
1,000,000 1,000,000
Total liabilities
3,376,321 3,252,418
Remainder trust obligations
N e t A s s e t s Unrestricted
41,378,777 43,757,289
Temporarily restricted
81,280,653 71,759,108
Permanently restricted
53,244,544 50,444,595
175,903,974 165,960,992 Total net assets
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.
3,592,496
57,509
Short term investments
Total assets
$
110,020
Inventory
We conducted our audits in accordance with auditing standards generally accepted in the United
States of 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.
904,340 $ 179,280,295 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
$ 169,213,410
University of Alaska FOUNDATI ON
48
STATEMENTS OF ACTIVITIES
For the years ended June 30, 2008 and 2007
UNRESTRICTED TEMPORARILY
RESTRICTED
PERMANENTLY
RESTRICTED
UNRESTRICTED 2008
TEMPORARILY
RESTRICTED
PERMANENTLY
RESTRICTED
2007
R e v e n u e s , ga i n s a n d o t h e r s uppo r t
Contributions
$
Investment income
857,258 $
25,651,894 $
2,622,220 $
29,131,372 $ 4,150,193
$ 13,033,229 $
2,850,185 $
20,033,607
1,888,622 1,494,285 -
3,382,947 1,832,691 1,914,824 -
3,747,515
(1,796,560) (4,405,566) -
(6,202,126) 4,512,365 12,670,683 -
17,183,048 517 97,217 -
97,734 941 124,844 -
Actuarial adjustment of remainder trust obligations
-
(6,067)
(6,936)
(13,003)
-
(1,500)
(7,151)
(8,651) Losses on disposition of other assets
-
(114,689)
-
(114,689)
(25)
(83,145)
(98)
(83,268)
1,213,775 (980,553)
(18,218)
215,004 340,197 (130,951)
(17,222)
192,024 Support from University of Alaska
857,774 -
- 857,774 830,000 -
- 830,000 Net assets released from restriction
12,023,093 (12,023,093)
-
-
11,744,234 (11,744,234)
-
-
15,044,519 9,713,428 2,597,066
27,355,013 23,410,596 15,783,750 2,825,714 42,020,060 Net realized and unrealized investment (losses) gains Other revenues
Administrative assessments
Total revenues, gains and other support
125,785
Exp e n s e s a n d d i s t r i bu t i o n s Operating expenses
Distributions for the benefit of the University of Alaska
Total expenses and distributions Excess (deficit) of revenues over expenses
Transfers between net asset classes
Net assets, beginning of year
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
-
-
1,982,543 1,620,368 -
-
1,620,368 15,429,488 -
-
15,429,488 15,510,503 -
-
15,510,503 17,412,031 -
-
17,412,031 17,130,871 -
-
17,130,871 (2,367,512) 9,713,428 2,567,066 9,942,982 6,279,725 15,783,750 2,825,714 24,889,189 (191,833)
202,883
-
249,185 (236,830)
(12,355)
-
(2,378,512) 9,521,545 2,799,949 9,942,982 6,528,910 15,546,920 2,813,359 24,889,189 43,757,289 71,759,108 50,444,595 165,960,992 37,228,379 56,212,188 47,631,236 141,071,803 53,244,544 $ 175,903,974 $ 43,757,289 $ 71,759,108 $ 50,444,595 $ 165,960,992 (11,000)
Increase (decrease) in net assets
Net assets, end of year
1,982,543
$
41,378,777 $
81,280,653 $
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
47
University of Alaska FOUNDATI ON
50
STATEMENTS OF CASH FLOWS
For the years ended June 30, 2008 and 2007
2008
2007
Cash flows from operating activities:
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
17,046,236 $
3,825,252
(15,397,251)
(15,234,167)
(1,583,488)
(1,321,274)
1,076,978 958,871 4,472,911 4,665,016 Change in net assets
$
Net increase in investments
Receipts from disposition of assets Net cash used in investing activities
(9,004,088)
(7,653,323)
34,704 16,490 (8,969,384)
(413,502)
Contributions restricted for permanent investment
1,836,657 2,534,490 Investment income on charitable remainder trusts
34,358 40,634 Payment of charitable remainder trust obligations
(62,698)
(63,910)
1,808,317 2,511,214 (2,688,156) (460,603) 3,592,496 4,053,099 Net cash provided by financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
$
904,340 $
3,592,496 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
$
24,889,189
to net cash provided by operating activities:
Contributions of noncash assets
Net realized and unrealized investment (gains) losses
Cash flows from financing activities:
9,942,982 Adjustments to reconcile change in net assets
Loss on disposition of other assets
Cash flows from investing activities:
2007
Reconciliation of change in net
assets to net cash provided by
operating activities:
16,436,334
3,330,436 2008
S TAT E M E N T S O F C A S H F L O W S
S TAT E M E N T S O F C A S H F L O W S
49
Non-cash operating expenses
Non-cash distributions to the University of Alaska
(104,370)
(465,577)
6,202,126
(17,183,048)
114,689 83,268
3,384 4,786
84,476 94,099
Contributions restricted for permanent investment
(1,836,657)
(2,534,490)
Actuarial adjustment of remainder trust obligations
13,004 8,651
Changes in assets and liabilities: (Increase) decrease in interest receivable
(52,511) 77,737
(10,033,503)
(596,926)
52 1,810
112,849 285,785
Increase (decrease) in other liabilities
15,056
(268)
Increase in annuity payment liabilities
11,334
-
Increase in contributions receivable
Decrease in inventory
Increase in due to the University of Alaska
Net cash provided by operating activities
$
4,472,911 $
4,665,016
Noncash investing activity
Contributions of investment assets
$
26,460 $
355,995
N O T E S O N F I N A N C I A L S TAT E M E N T S
51
NOTES TO FINANCIAL STATEMENTS
June 30, 2008 and 2007
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, 2008. 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.
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.
1. Organization and Summary of Significant Accounting Policies
Organization
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.
Basis of Presentation
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 other 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 the passage of time and unconditional promises
to give that are due in future periods and are not permanently restricted.
Permanently restricted net assets - Assets, net of related 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.
Basis of Accounting
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 oil and gas partnerships
The Foundation’s investments include securities with contractual cash flows such as asset-backed securities, collateralized
mortgage obligations and commercial mortgage-backed securities. The value, liquidity and related income of these securities
are sensitive to economic conditions, including real estate value, delinquencies or defaults, or both, and may be adversely
affected by shifts in the market’s perception of the issuers and changes in interest rates.
At June 30, 2008, the foundation had approximately $64.5 million in investments which were not readily marketable. These
investments represent 39.9% of total investments and 36.7% of net assets at June 30, 2008. 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.
In September 2006, the FASB released Statement of Financial Accounting Standards No. 157 (FAS 157) “Fair Value
Measurements.” FAS 157 establishes an authoritative definition of fair value, sets out a framework for measuring fair value,
and requires additional disclosures about fair value measurements. The application of FAS 157 is required for fiscal years
beginning after November 15, 2007. Management is currently evaluating the impact that the adoption of FAS 157 will have
on the financial statements; however, management does not believe the adoption of FAS 157 will have a material impact on the
amounts reported in the financial statements.
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.
RECLASSIFICATIONS
Certain reclassifications have been made to prior period amounts in order to conform them to current period presentation.
52
Universi ty of Alaska FOUNDATI ON
Items in transit, non interest bearing
Interest bearing funds
$
$
2008
693,159
211,181
904,340
$
$
2007
3,274,068
318,428
3,592,496
3. Short Term Investments
Short term investments include the following:
Commonfund Short Term Fund
Donated marketable securities The Consolidated Endowment Fund includes the following:
$
$
2008
6,666,919
842
6,667,761
$
$
2007
9,339,221
-
9,339,221
In prior years, the Short Term Fund had been classified as a cash and cash equivalent. However, $9.3 million in the Short Term Fund that
had been previously classified as a cash and cash equivalent in the June 30, 2007 financial statements, has been classified as a short-term
investment in these financial statements.
4. Contributions Receivable
Unconditional promises to make contributions are included in the financial statements as contributions receivable and temporarily
restricted revenue. Contributions receivable at June 30, 2008 and 2007 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, 5%
from July 1, 2005 through June 30, 2007 and 3% after that date. Contributions receivable are expected to be realized in the
following periods:
In one year or less
Between one year and five years More than five years
Discount
Allowance for uncollectible accounts
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.
$
$
2008
1,807,833
12,153,762
4,551,204
18,512,849
(1,941,382)
(23,040)
16,548,427
$
$
2007
5,411,864
1,211,528
215,531
6,838,923
(198,476)
(884)
6,639,563
Included in contributions receivable were $11 million and $4 million at June 30, 2008 and 2007, 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.
5. Escrows Receivable
The foundation’s escrows receivable are secured by deeds of trust from land sales, payable in monthly installments including
interest of 7.25% to 8.5%.
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 $140,546 and $0 for the years ended June 30, 2008 and 2007,
respectively.
7. Pooled Endowment Funds
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% of the total fund at June 30, 2008 and 2007. 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
Fixed income securities
Equity securities
Alternative investments
Real estate partnerships and
investment trusts
Other investments
Other
$
2008
56,276,222
114,187,940
74,218,437
$
2007
54,999,438
130,682,689
64,679,787
12,811,410
1,776,243
22,433
$ 259,292,685
12,521,293
3,556,498
104,245
$ 266,543,950
2008
$ 116,221,511
143,071,174
$ 259,292,685
2007
$ 119,528,124
147,015,826
$ 266,543,950
Ownership of the net assets of the Consolidated Endowment Fund is as follows:
University of Alaska Foundation University of Alaska Investment management, custodial and consulting fees for the foundation’s pooled endowment funds totaled $198,298 and $209,063 for
the years ended June 30, 2008 and 2007, 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.
8. Other Long Term Investments
Other long term investments include the following:
Cash and cash equivalents
Fixed income securities
Equity securities
Real estate partnerships
$
$
2008
84,632
37,175,588
635,050
276,400
38,171,670
$
$
2007
20,662
28,384,792
633,320
326,400
29,365,174
Investment custodial and management fees for other long term investments totaled $55,595 and $50,702 for the years ended June
30, 2008 and 2007, respectively. These fees have been included as reductions to investment income.
9. Split Interest Obligations
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.
54
53
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.
2. Cash and Cash Equivalents
Cash and cash equivalents include the following:
11. Net Assets
Unrestricted net assets consisted of the following:
2008
not designated by management
Available for current operations - amounts
$
4,015,677
for specific purposes or subject to donor-imposed
restrictions
Designated for specific purposes - spendable earnings of quasi
endowment funds and amounts designated
for specific purposes
14,297,109
by management
designated
16,835,327
Quasi endowments - corpus of board
endowment funds
Underwater endowment losses - investment losses on donor restricted
(33,287)
endowment funds in excess of net
appreciation
Unexpended endowment earnings - accumulated earnings in excess
of designated spending limits for quasi endowment funds not subject
to donor-imposed restrictions 2007
$
7,425,734
12,298,314
15,984,063
Unexpended endowment earnings - accumulated earnings in excess
of designated spending limits for endowment funds subject to
donor-imposed restrictions
$
6,263,951
41,378,777
$
8,049,178
43,757,289
$
40,625,015
$
22,703,734
4,130
4,024,720
9,678,080
6,952,040
3,660,440
3,660,440
$
27,312,988
81,280,653
$
34,418,174
71,759,108
$
52,761,935
$
49,955,050
$
482,609
53,244,544
$
489,545
50,444,595
Permanently restricted net assets consisted of the following:
Endowments - corpus of endowment funds required by donor to be
invested in perpetuity
Charitable remainder trusts - annuity trusts and unitrusts required by
donor to be invested in perpetuity 13. Distributions for the Benefit of the University of Alaska
Distributions for the benefit of the University of Alaska, by functional classification, for the years ended June 30, 2008 and 2007
were as follows:
2008
2007
University of Alaska Anchorage
Engineering
$
487,810
$
520,708
General
2,799,176
3,520,363
Liberal arts, human and rural development
186,781
115,283
Library
90,318
13,946
Management/business administration
181,614
174,821
Museum
6,996
-
Natural sciences, agriculture and
land resources
17,074
Research
192,079
82,883
Student aid
900,093
684,926
4,861,941
5,112,930
-
Temporarily restricted net assets consisted of the following:
Restricted for specific purposes - spendable earnings of endowment
funds and other non-endowment net assets subject to donor-imposed
restrictions
Unconditional promises to give - contributions receivable in future
periods that are not subject to donor
imposed restrictions
Quasi endowments - corpus of funds subject to donor imposed
restrictions designated by the board
as endowment funds
endowments
Endowments - corpus of term funded
12. Net Assets Released from Restriction
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.
University of Alaska Fairbanks
Engineering
General
KUAC radio and television
Library
Management/business adminsitration
Museum
land resources
Research
Student aid
66,751
4,257,117
628,426
384,662
174,482
47,440
561,169
206,847
588,493
1,164,668
8,080,055
46,772
3,583,154
842,092
186,310
150,267
76,935
1,010,461
201,074
777,849
1,315,330
8,190,244
University of Alaska Southeast
General
Library
Management/business administration
land resources
Student aid
968,004
4,976
28,194
2,665
668
202,978
1,207,485
743,867
4,539
14,575
3,499
211,348
977,828
University of Alaska
General
1,280,007
1,280,007
15,429,488
1,229,501
1,229,501
15,510,503
$
$
56
55
10. Term Endowment Liability
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, 2008 and 2007.
57
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, 2008 and 2007 is approximately $1.0 and
$2.6 million, respectively.
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 $0.4 and $0.5 million at June
30, 2008 and 2007, respectively.
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, 2008 and 2007 is approximately $0.3 and $0.4 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, 2008
and 2007 is approximately $1.0 million and $1.1 million, respectively.
15. Administrative Assessments
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.
16. Related Party Transactions
The University of Alaska provided payment to the foundation in the amount of $0.9 million and $0.8 million for institutional
support during the years ended June 30, 2008 and 2007 respectively. The university also provides administrative and accounting
support for the foundation. In an effort to become more self-sufficient, the foundation reimbursed the university $1.9 and $1.6
million for these services for the years ended June 30, 2008 and 2007, respectively. These reimbursements are included in the
statements of activities as operating expenses.
17. Subsequent Events
Effective September 29, 2008, Wachovia Bank, N.A., as Trustee of the Common Fund for Short Term Investments (the “Short
Term Fund”) announced its decision to terminate and liquidate the Short Term Fund. No additional contributions to the
Short Term Fund will be accepted. Under the liquidation plan, investors in the Short Term Fund will be allowed to withdraw
balances based on their proportional interest in the Short Term Fund as assets mature or are sold.
The Foundation’s balance in the Short Term Fund was $10.6 and $10.4 million as of June 30, 2008 and October 29, 2008,
respectively. As of October 29, 2008, approximately 14 percent of Short Term Fund assets were available for withdrawal.
The value of the liquidation proceeds received by the foundation is not expected to vary significantly from the fair value carried
on the fund’s books based on the current net asset value of the Short Term Fund. However, the realization of this value will
depend upon market conditions including the liquidity of the Short Term Fund’s assets during the liquidation period.
Subsequent to June 30, the fair value of the Foundation’s investments had declined due to deterioration in market conditions.
Further deterioration in the markets could more likely than not result in further declines.
University of Alaska Foundation
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, Suite 203
Anchorage, AK 99516
Phone: 907.786.1111
Toll Free: 888.907.4823 (within Alaska outside of Fairbanks)
E-mail: [email protected]
Web: www.alaska.edu/foundation
UAA Development Office
Phone: 907.786.4847
UAF Development Office
Phone: 907.474.2619
UAS Development Office
Phone: 907.796.6566
U nive rsity of A lask a F OUND ATI ON ANN UAL RE PORT
Fiscal year: July 1, 2007 – JUNE 30, 2008
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 percent post-consumer waste and is recyclable.

a ripple throughout time

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