Foundation The <strong>University</strong> <strong>of</strong> <strong>Nevada</strong>, <strong>Reno</strong> Foundation is a separate nonpr<strong>of</strong>it 501(c)(3) organization (TIN: 94-2781749). The foundation was incorporated in 1981 to provide a mechanism for private individuals, corporations and foundations to make charitable gifts, bequests and other deferred giving arrangements to support the <strong>University</strong> <strong>of</strong> <strong>Nevada</strong>, <strong>Reno</strong>. The foundation receives, invests and administers funds to benefit the <strong>University</strong>, while honoring the philanthropic intent <strong>of</strong> its generous donors. Such funds are made available to the <strong>University</strong> for general or specific academic purposes. <strong>University</strong> <strong>of</strong> <strong>Nevada</strong>, <strong>Reno</strong> Foundation Financial Statement June 30, 2012, Summarized Version Statement <strong>of</strong> support and revenue, expenses and changes in fund net assets Operating support and revenue: Unrestricted Restricted Endowment Total Donor contributions $378,669 $17,990,047 $0 $18,368,716 <strong>University</strong> support $2,047,401 $0 $0 $2,047,401 Special events and other income $199,423 $769,630 $0 $969,053 Total operating support and revenue $2,625,493 $18,759,677 $0 $21,385,170 NEVADA SILVER & BLUE • <strong>Spring</strong> <strong>2013</strong> • Honor Roll <strong>of</strong> Donors – Jan.1-Dec. 31, 2012 14 Operating expenses: Program expenses Alumni programs $322,206 $0 $0 $322,206 Capital projects $0 $7,380,899 $0 $7,380,899 <strong>University</strong> programs $389,262 $9,118,296 $0 $9,507,558 <strong>University</strong> scholarships $0 $1,683,646 $0 $1,683,646 Total Program expenses $711,468 $18,182,841 $0 $18,894,309 Administrative $1,637,715 $0 $0 $1,637,715 Fundraising $1,552,544 $0 $0 $1,552,544 Total administrative and fundraising expenses $3,190,259 $0 $0 $3,190,259 Total operating expenses $3,901,727 $18,182,841 $0 $22,084,568 OPERATING INCOME (LOSS) ($1,276,234) $576,836 $0 ($699,398) INVESTMENT INCOME $2,723,912 ($1,459,436) $4,466,640 $5,731,116 Additions to permanent and term endowments $0 $0 $3,542,684 $3,542,684 Transfers between funds ($36,064) $1,615,361 ($1,579,297) $0 NET CHANGE IN FUND NET ASSETS $1,411,614 $732,761 $6,430,027 $8,574,402 Fund net assets at beginning <strong>of</strong> year $12,081,059 $47,450,444 $100,748,588 $160,280,091 Fund net assets at end <strong>of</strong> year $13,492,673 $48,183,205 $107,178,615 $168,854,493 The accounting firm <strong>of</strong> Grant Thornton LLP issued an unqualified opinion <strong>of</strong> the <strong>University</strong> <strong>of</strong> <strong>Nevada</strong>, <strong>Reno</strong> Foundation’s audited financial statements for fiscal year 2012.
Foundation 106.8 84.5 The <strong>University</strong> <strong>of</strong> <strong>Nevada</strong>, <strong>Reno</strong> Foundation endowment 100 funds are responsibly managed by the Investment Committee <strong>of</strong> the foundation, a volunteer committee with expertise 109.2 in financial management, which receives independent pr<strong>of</strong>essional investment advice from Wilshire Associates. 117.6 2012 Foundation Endowment Market value as <strong>of</strong> dates listed below (Includes pooled endowment, unrestricted endowment funds, quasi endowment funds and funds held in trust), as reported annually to the Council for Aid to Education. $ 106.8M $ 84.5M $ 92.5M $ 109.2M $ 117.6M $120M $90M $60M June 2008 June 2009 June 2010 June 2011 June 2012 $30M $0M <strong>University</strong> <strong>of</strong> <strong>Nevada</strong>, <strong>Reno</strong> Foundation Investment Performance Net <strong>of</strong> Fees As <strong>of</strong> June 30, 2012 S&P 500 Barclays Aggregate Foundation Policy Index Equity Index Bond Index MSCI ACWI x-US 1 year return 5.13% 4.63% 5.44% 7.48% -14.56% 3 year average 10.54% 11.42% 16.39% 6.93% 6.97% 5 year average 0.20% 1.21% 0.21% 5.80% -4.62% 10 year average 5.97% 5.23% 5.33% 5.63% 6.74% Final returns are provided by Wilshire Associates, the <strong>University</strong> <strong>of</strong> <strong>Nevada</strong>, <strong>Reno</strong> Foundation’s independent investment consultant. Investment in Endowment For fiscal year 2012, a total <strong>of</strong> $3,542,684 was added to the <strong>University</strong> <strong>of</strong> <strong>Nevada</strong>, <strong>Reno</strong> Foundation’s permanent and term endowments. Endowment Management A strategic diversified portfolio mix has positively assisted during these turbulent financial times. As <strong>of</strong> June 30, 2012, the funds were invested at the ratio <strong>of</strong> 36.54 percent in equities, 28.87 percent in fixed income, and 34.59 percent in real estate and alternative investments. The goal <strong>of</strong> this allocation is to produce a return that meets spending obligations, maintains or increases the real value <strong>of</strong> the endowment,and protects against the effects <strong>of</strong> inflation. The foundation investment policy is administered in accordance with the Uniform Management <strong>of</strong> Institutional Funds Act and can be found on the <strong>University</strong>’s website: http://giving.unr.edu/foundation.aspx. NEVADA SILVER & BLUE • <strong>Spring</strong> <strong>2013</strong> • Honor Roll <strong>of</strong> Donors – Jan.1-Dec. 31, 2012 15
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Alumni NEVADA SILVER & BLUE • Spr
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Alumni Wolf Mates Beth L. (Gillmann
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Alumni Chad M. Bidart ’94, ’00M
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