Thank you for being there WSU Foundation receives $2 million grant ...
Thank you for being there WSU Foundation receives $2 million grant ... Thank you for being there WSU Foundation receives $2 million grant ...
2 WSU Foundation investment committee committed to long-term thinking, intelligent choices and successful outcomes These past few months in the financial markets have created a very real sense of fear on the part of many of our fellow citizens. We have seen fortunes disappear. We have heard of huge bankruptcies by companies thought to be impregnable. For the first time in 75 years, people have actually questioned the soundness of the American banking system. It is in this environment that your Wichita State University Foundation investment committee finds itself and its fiduciary responsibility to oversee your monies placed within the WSU Foundation. I wanted to talk to everyone and hopefully instill some confidence that the individuals who sit on the investment committee have the very best intentions along with the intelligence and discipline to weather this economic storm. I have had the pleasure of membership on the investment committee for 12 years. I have always found the people with whom I serve to share a deep commitment to what is truly best for “our” money and all those people to whom this largesse will benefit. That has never been more true than today. The committee has chosen what I believe to be a prudent course. We have resisted the temptation to over-commit assets to hedge funds when they were all the rage. Our commitment in this area is 15 percent of Foundation assets. We have also been behind the majority of foundations in our allocation to private equity. Both of these decisions were the direct result of a hesitation by the committee to be a part of the “herd” mentality that has swept Wall Street over the past several years. One of my favorite quotes that fits in so many different instances is, “What is right is not always popular and what is popular is not always right.” Over the past few months we have seen the commodity complex collapse. I am proud to say that the WSU Foundation has no direct exposure to this area of the market. Once again, the investment committee resisted the temptation to “pile on” at a time when we felt that this area was due for some degree of correction. Craig Barton ’83, managing general partner for Olympia Partners LLC, serves as chair of the WSU Foundation investment committee. There are those who may have complained that we were slow to move money to some of the previously mentioned asset classes. There may very well be some validity to that argument. I believe that our returns over the past five years along with the comparison to other foundations that were more aggressive toward alternatives will ultimately prove our caution to have been wise. This is not to say that we have been immune from the misfortune that has gripped the markets over these past several months. We have seen holdings across all equity classes decline in value. After years of meteoric growth, our allocation to international equities has receded. Our allocation to hedge funds, even though only 15 percent, has not provided the consistency that was hoped for. It would be less than honest for me to convey that the past 12 months have been anything less than difficult. We take seriously what we do for the WSU Foundation. I can honestly say that we treat your money as if it were our own. I hope my comments have helped to clarify some of our actions. My dad always said to surround myself with those who are smarter. On the investment committee, I have. Craig W. Barton ’83 WSU Foundation Investment Committee Chair
Thank you for being there continued from front help improve our economy and enhance the lives of elderly community members. Why are they able to accomplish these feats? It is because you are there to assist them. Thank you for enriching tomorrow’s world by furthering our mission today. With your words and actions, you are encouraging others to find their voice and make a difference. Warmest regards, Elizabeth H. King President & CEO WSU Foundation Listed on the following pages are names of the individuals and businesses that contributed a minimum of $250 during the 2008 fiscal year. The annual report, which can be found on the Foundation’s Web site later this year, will include a list of these donors plus those who contributed between $100 and $249. Fairmount Society The Fairmount Society is Wichita State University’s most distinguished support group. A new category was created four years ago to recognize the university’s top tier of donors, the Fairmount Society Lifetime Achievement Members, those whose total outright giving exceeds $1 million. Lifetime membership in the Fairmount Society is extended to those contributing $200,000 or more in a lifetime. Annual members gave a minimum of $20,000 during the fiscal year 2008. Fairmount Society members are included in the President’s Club. Associate status is given to corporations, businesses and foundations. Fairmount Society Lifetime Achievement Members Al & Middy Abercrombie Pete & Mickey Armstrong Patsy Barton Joan Beren Elgeva I. Bomhoff Estate & H. Russell Bomhoff Tom & Myra Devlin Barry & Paula Downing Joan Eck Bob & Maura Geist Sam & Jacque Kouri Howard & Rose Marcus Charley Oswald Dan & Kate Taylor Velma Wallace Fairmount Society Lifetime Achievement Associates AT&T Sam & Rie Bloomfield Foundation The Boeing Co. Evelyn D. Cassat Estate Cerebral Palsy Research Foundation of Kansas Cessna Aircraft Co. Cessna Foundation Inc. Cisco Systems Inc. Devlin Family Foundation Barry & Paula Downing Foundation Dorothy Evans Trust William Graham Charitable Trust IBM Corp. Kansas Health Foundation Koch Industries Inc. Pepsi Bottling Group Preferred Health Systems Inc. Daniel J. Taylor Family Charitable Foundation Flora Wallis Interim Trust Ilse Bing Wolff Estate Fairmount Society Life Members Jerry & Jan Aaron George & Virginia Ablah Bob & Darlene Anderson George & Jean Angle Rodger* & Patty Arst Marvin & Barbara Autry Bob & Sharon Bailey Peter Bakwin Craig Barton Marvin Bastian* Hap Bledsoe Jeanette Bolene Max Bolene Allen Boge David Bradbury Benjamin & Bettie Breeding Jon & Kelly Callen Dan & Gayla Carney Frank & Jane Carney Zenda Carney Steve & Becky Clark Eleanor Clinton Bill & Dorothy Cohen Sheldon & Kathy Coleman Jamie Coulter Sue Cressler Mont & Georgia Draper Dennis & Orpha Duell Les & Pam Eck George & Dee Anne Fahnestock George & Brenda Farha Dana Fleming Larry Fleming Dan Foley Larry & Dana Fugate Tom & Kyle Futo Jody & Stella Galichia Kathy Galichia Jean Garvey Shirley Garvey Vee Gordon Andy & Leah Gore Curt Gridley & Tracy Hoover Harold & Dot Hauck Brian & Joy Heinrichs Jim & Sally Hershberger Jeri Hinkle Dee & Joan Hubbard Fran & Geri Jabara David & Larree Jackman Larry* & Anita Jones Gerald Pike & Ruby Kaelson-Pike Emylou Keith William Levine & Diana Kitch True & Elizabeth Knowles Charles & Liz Koch Ronn & Linda Lytle Jim & Lorraine Mann Ron & Barbara Mann Jerry & Dale Marcus Tom & Nancy Martin John & Barbara McCune Shannon Michaud Marie Miles Bill & Shelly Moore John & Kay Morse David & Janet Murfin Pegi Oatman Bill & Mary Lynn Oliver Barbara Osborne John & Renee Osborne 3 * Deceased
- Page 1: Continued on back 2008 Honor Roll o
- Page 5 and 6: William A. Cox Robert and Roseann D
- Page 7 and 8: Charlotte Brown Ronald & Jerry Brow
- Page 9 and 10: Southeast Family Health Care Southw
- Page 11 and 12: Donald & Joyce Mayer Ron & Gaynelle
- Page 13 and 14: The Martens Companies Martin & Fran
- Page 15 and 16: Tony Lask Scott & Autumn Lawson Dav
- Page 17 and 18: Bill Baum Charles & Melanie Bayles
- Page 19 and 20: Rosemary Mahoney Donna Main Patrici
- Page 21 and 22: Chase Willhite Gail Williams Martin
- Page 23 and 24: **Nancy J. Martin (’69), COO, Eme
<strong>Thank</strong> <strong>you</strong> <strong>for</strong> <strong>being</strong> <strong>there</strong> continued from front<br />
help improve our economy and enhance the lives of elderly community members. Why are they able to<br />
accomplish these feats? It is because <strong>you</strong> are <strong>there</strong> to assist them.<br />
<strong>Thank</strong> <strong>you</strong> <strong>for</strong> enriching tomorrow’s world by furthering our mission today. With <strong>you</strong>r words and<br />
actions, <strong>you</strong> are encouraging others to find their voice and make a difference.<br />
Warmest regards,<br />
Elizabeth H. King<br />
President & CEO<br />
<strong>WSU</strong> <strong>Foundation</strong><br />
Listed on the following pages are names of the individuals and businesses that contributed a minimum<br />
of <strong>$2</strong>50 during the 2008 fiscal year. The annual report, which can be found on the <strong>Foundation</strong>’s Web site<br />
later this year, will include a list of these donors plus those who contributed between $100 and <strong>$2</strong>49.<br />
Fairmount Society<br />
The Fairmount Society is<br />
Wichita State University’s<br />
most distinguished support<br />
group. A new category was<br />
created four years ago to<br />
recognize the university’s<br />
top tier of donors, the<br />
Fairmount Society Lifetime<br />
Achievement Members, those<br />
whose total outright giving<br />
exceeds $1 <strong>million</strong>. Lifetime<br />
membership in the Fairmount<br />
Society is extended to those<br />
contributing <strong>$2</strong>00,000 or<br />
more in a lifetime. Annual<br />
members gave a minimum<br />
of <strong>$2</strong>0,000 during the fiscal<br />
year 2008. Fairmount Society<br />
members are included<br />
in the President’s Club.<br />
Associate status is given to<br />
corporations, businesses and<br />
foundations.<br />
Fairmount Society<br />
Lifetime Achievement<br />
Members<br />
Al & Middy Abercrombie<br />
Pete & Mickey Armstrong<br />
Patsy Barton<br />
Joan Beren<br />
Elgeva I. Bomhoff Estate &<br />
H. Russell Bomhoff<br />
Tom & Myra Devlin<br />
Barry & Paula Downing<br />
Joan Eck<br />
Bob & Maura Geist<br />
Sam & Jacque Kouri<br />
Howard & Rose Marcus<br />
Charley Oswald<br />
Dan & Kate Taylor<br />
Velma Wallace<br />
Fairmount Society<br />
Lifetime Achievement<br />
Associates<br />
AT&T<br />
Sam & Rie Bloomfield<br />
<strong>Foundation</strong><br />
The Boeing Co.<br />
Evelyn D. Cassat Estate<br />
Cerebral Palsy Research<br />
<strong>Foundation</strong> of Kansas<br />
Cessna Aircraft Co.<br />
Cessna <strong>Foundation</strong> Inc.<br />
Cisco Systems Inc.<br />
Devlin Family <strong>Foundation</strong><br />
Barry & Paula Downing<br />
<strong>Foundation</strong><br />
Dorothy Evans Trust<br />
William Graham Charitable Trust<br />
IBM Corp.<br />
Kansas Health <strong>Foundation</strong><br />
Koch Industries Inc.<br />
Pepsi Bottling Group<br />
Preferred Health Systems Inc.<br />
Daniel J. Taylor Family Charitable<br />
<strong>Foundation</strong><br />
Flora Wallis Interim Trust<br />
Ilse Bing Wolff Estate<br />
Fairmount Society Life<br />
Members<br />
Jerry & Jan Aaron<br />
George & Virginia Ablah<br />
Bob & Darlene Anderson<br />
George & Jean Angle<br />
Rodger* & Patty Arst<br />
Marvin & Barbara Autry<br />
Bob & Sharon Bailey<br />
Peter Bakwin<br />
Craig Barton<br />
Marvin Bastian*<br />
Hap Bledsoe<br />
Jeanette Bolene<br />
Max Bolene<br />
Allen Boge<br />
David Bradbury<br />
Benjamin & Bettie Breeding<br />
Jon & Kelly Callen<br />
Dan & Gayla Carney<br />
Frank & Jane Carney<br />
Zenda Carney<br />
Steve & Becky Clark<br />
Eleanor Clinton<br />
Bill & Dorothy Cohen<br />
Sheldon & Kathy Coleman<br />
Jamie Coulter<br />
Sue Cressler<br />
Mont & Georgia Draper<br />
Dennis & Orpha Duell<br />
Les & Pam Eck<br />
George & Dee Anne Fahnestock<br />
George & Brenda Farha<br />
Dana Fleming<br />
Larry Fleming<br />
Dan Foley<br />
Larry & Dana Fugate<br />
Tom & Kyle Futo<br />
Jody & Stella Galichia<br />
Kathy Galichia<br />
Jean Garvey<br />
Shirley Garvey<br />
Vee Gordon<br />
Andy & Leah Gore<br />
Curt Gridley & Tracy Hoover<br />
Harold & Dot Hauck<br />
Brian & Joy Heinrichs<br />
Jim & Sally Hershberger<br />
Jeri Hinkle<br />
Dee & Joan Hubbard<br />
Fran & Geri Jabara<br />
David & Larree Jackman<br />
Larry* & Anita Jones<br />
Gerald Pike & Ruby Kaelson-Pike<br />
Emylou Keith<br />
William Levine & Diana Kitch<br />
True & Elizabeth Knowles<br />
Charles & Liz Koch<br />
Ronn & Linda Lytle<br />
Jim & Lorraine Mann<br />
Ron & Barbara Mann<br />
Jerry & Dale Marcus<br />
Tom & Nancy Martin<br />
John & Barbara McCune<br />
Shannon Michaud<br />
Marie Miles<br />
Bill & Shelly Moore<br />
John & Kay Morse<br />
David & Janet Murfin<br />
Pegi Oatman<br />
Bill & Mary Lynn Oliver<br />
Barbara Osborne<br />
John & Renee Osborne<br />
3<br />
* Deceased
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