EIU Foundation Report from the Board :: Summer 2014

Board of Directors

In This Issue

Christine Reid Robertson, President

William Robinson, Vice President

Judy Ethell, Treasurer

Timothy McCollum, Secretary

Timothy Burke

Mike Cunningham

H. Michael Finkle

Sylvia Nichols

Sue C. Payton

Janet Treichel

Charles W. Witters

Annual Philanthropy Awards and Legacy Celebration 1

Lifetime and Heritage Pin Recipients 2

Outstanding Philanthropists 3

University Report 3

Committee Reports 5

Performance Report from the Investment Committee 6

Special Word from the Investment Committee 7

Nominations-Membership 8

New Executive Officer Named 8

2013 Annuitant Ambassador or the Year 9

Visionary Society 9

Heritage Society 10

Dates to Remember 11

Report from the BoardOn April 11, 2014, the Legacy Celebration was held at the Doudna Fine Arts Center. This year’s celebration recognized the 2013 Burnham and Nancy Neal Outstanding Philanthropist Award recipients, along with endowment donors. The program held in the Recital Hall was opened by Robert K. Martin, vice president for university advancement, who welcomed everyone. Timothy Burke, EIU Foundation past president, welcomed Jonathan McKenzie as the new Foundation executive officer. EIU President William L. Perry shared special greetings from the university. Donors were recognized for their substantial commitments to EIU and were inducted into lifetime giving societies and presented with a lapel pin. Guest speakers shared their personal endowment stories about why they became donors, and recipients shared how they benefited from their scholarships and awards.

Representing scholarship donors, Habeeb Habeeb is a 1997 graduate of EIU’s BGS program and a 1999 graduate of the MBA program. He established the Habeeb Habeeb Annual Scholarship for Non-Traditional Students in 2013. He is currently the president and CEO for Benefit Planning Consultants (BPC Inc.), an employee benefits administration firm based in Champaign, Ill., and the founder of H-Squared, an initiative focused on the idea of taking the good in life to a higher power. Born in Lebanon, Mr. Habeeb has been an Illinois resident since 1973 and has 36

years of business management and operational experience. Habeeb has held volunteer leadership roles in various community and industry organizations. He previously served as board chairman for Champaign County First and as a member of the Champaign County Chamber of Commerce Board of Directors. Habeeb is passionate about helping people and organizations thrive through the power of kindness and positivity. He frequently speaks on these topics and is known for his popular “Motivational Minute” series that can be heard on the radio.

Representing scholarship recipients, Mitchell Gurick was elected executive vice president and student trustee after serving four semesters on Student Government. Most recently, he held the Speaker of the Student Senate position. As student trustee, Mr. Gurick represents the voice and opinions of the student body to the Board of Trustees. Aside from Student Government, he is active in Greek life with his fraternity, Sigma Alpha Epsilon, and he was EIU’s Homecoming Prince last year. He also is involved with the Greek Week Steering Committee, Pi Omega Pi, Phi Beta Lambda, served

New Student Programs as a Prowl Leader, co-taught a University Foundations course, and more. Mr. Gurick plans to graduate from Eastern in May 2015 with a bachelor’s degree in business education. He grew up in Hinsdale, Ill., located in the southwest suburbs of Chicago.

Representing fund recipients, Jill Deppe is an assistant professor in biological sciences. Her research focuses on wildlife-habitat relationships and animal movement, as well as wildlife responses to anthropogenic and natural changes in the environment. Dr. Deppe earned her bachelor of science degree in biological sciences at Indiana University of Pennsylvania in Indiana, Pa. She earned her doctorate in biology with a concentration in evolutionary ecology from the University of California Riverside and completed her postdoctoral research fellowship at NASA Goddard Space

Foundation Report from the Board :: Summer 2014

Annual Philanthropy Awards and Legacy Celebration

LIFETIME AND HERITAGE SOCIETY PIN RECIPIENTS

As Robert Martin announced each society and read the names of recipients, President Perry and Jonathan McKenzie presented them with their pins.

Inducted into the Old Main Society, which honors those individuals who have made a lifetime contribution to the university of $100,000 to $500,000, were: Peter M. Bonutti, Ron and Judi Bouchard, Charles and Ruth Dow, Gerald and Jean Forsythe, Stephen and Bonnie Gosselin, Tom Grunloh, Bob and Jeanie Ingram, Charles and Doris Keller, Richard H. Levi, Kenneth and Julie Nimmons, Sean Payton, and Bill and Susan Robinson.

Inducted into the Keystone Society, which recognizes individuals who have made a lifetime contribution to the university of $50,000 to $100,000 were: Charles and Linda Adams, Francis E. Coyle, Christopher and Nancy Desmond, Robert Glatz and Judy Ethell, Carl and Marlys Fallen, Harry and Gladys Frost, Steven and Teresa Grissom, Dale and Mary Anne Hanner, Louis and Mary Kay Hencken, Stan and Beth Hollen, Paul and Kay Koerner, Phil and Carla Koerner, Helen Krehbiel-Reed, Richard and Gerrie Larson, Frank M. Lipousky, Ronald and Carol Martin, Augustine and Jacqueline Oruwari, Jack and Ann Payan, Jeffrey and Lila Scott, Tony and Debbie Sparks, Frank and Linda Vala, Bruce and Susan Webster, and Charles W. Witters.

Inducted into the Cornerstone Society, which honors individuals who have made a lifetime contribution to the university of $25,000 to $50,000 were: Gregory and Beth Andresen, Jeffrey M. Augustine, Paul and Holly Bailey, Gregory and Donna Bonnell, James and Deborah Borders, Barbara A. Burke, Daniel and Dana Burke, Joseph Butler and Naomi Donnelley, Patrick and Monica Carroll, Jack Chamblin, Maxine Clayton, Richard and Joan Dodson, Mark and Cathy Dolson, Judith S. Finkle, Raymond and Carolyn Miller Fischer, Richard A. Fox, Mary Lou Gaskill, Gary and Marilyn Gerdt, Jerry and Susan Gilomen, Robert F. Glover, Andy and Rosemary Gross, Richard and Kathy Hummel, Gregory and Tricia Johnson, Janet M. Kowalski, Frank and Julia Ladner, Blair and Jeanne Lord, G Mike MacGilvray, Patrick and Christine Mangin, Ross and Cindy McCullough, Thomas and Linda McDaniel, Gene and Dolly McFarland, Larry and Melody McGrath, Nina L. Minniear Estate, Mike and Libby Murray, Sundeep and Suji Oberoi, Steve Porter and Sandra Bingham-Porter, Eli and Ann Sidwell, Robert and Julie Sterling, Cindy D. Webb, and Jim and Dana Zimmer.

Inducted into the Heritage Society, which recognizes those who have made the commitment to support the university, its students and its programs through planned gifts such as bequests from their estates and life insurance policies, were: Suzanne R. Baier, Maxine Cole, Cheryl M. Crates, Joan M. Farwell, Mitchell Gurick, Tom and Deane Hoehn, Bradley and Kelley Knell, Everett A.M. and Judith K. Lawrence, Karen Miller and Tom Westcott, Hank and Jill Nilsen, Norman Plummer and Maria Ishu Plummer, Patricia Poulter, Lawrence and Carol Uebner, Robert Glatz and Judy Ethell, Keith K. Kohanzo, Roy and Patricia Meyerholtz, and Jeremy and Amanda Yost.


Flight Center in Greenbelt, Md. She moved to Illinois, where she took a position as an avian ecologist at the Illinois Natural History Survey at the University of Illinois at Urbana-Champaign. She continued to study bird migration movements, as well as changes in bird distributions and land cover in Illinois over the past century. Dr. Deppe joined Eastern Illinois University in Fall 2011.

Guests were entertained by the EIU Percussion Ensemble, which performed the musical piece “Stubernic” on a marimba instrument.

The generosity of our donors was highlighted with the presentation of the Burnham and Nancy Neal Outstanding Philanthropist Awards for 2013 to David and Phyllis Sardella. Mr. Martin closed the reception by introducing the first “Real Panthers Wear Blue” Quality Service Awards, which were presented to recipients Doug Bower, associate dean in the College of Education and Professional Studies; Mary Bower, assistant to the dean, also from the College of Education and Professional Studies; and Tonya Green, assistant director of donor relations, University Advancement. A reception immediately following the program featured a Bananas Foster presentation by Tara Page from the School of Family and Consumer Sciences and musical performances by the Department of Music in the Doudna Concourse.

Following is more information about our pinning recipients:

2013 OUTSTANDING PHILANTHROPISTS

This award is bestowed upon individuals and organizations who have demonstrated dedication and commitment to the academic and cultural well-being of Eastern Illinois University by providing sustaining financial support through lifetime contributions and pledges or planned gifts, as well as service to the university and the community.

David and Phyllis Sardella Education is a priority for David and Phyllis Sardella, both of whom built their careers around students and learning. David, who earned his master’s degree in guidance and counseling from Mankato State College in Minnesota, retired as director of registration at EIU. Phyllis, who earned both her bachelor’s and master’s degrees in education from Eastern, retired as a third grade teacher at Carl Sandburg Elementary School in Charleston. She continues to substitute teach when called upon.

In addition to his membership in the EIU Annuitants Association and the State Universities Annuitants Association, David Sardella joins his wife as a member of the EIU Foundation and Friends of the Library (Charleston Carnegie Public Library). Phyllis Sardella is also a member of the Illinois Retired Teachers Association and the Coles County Retired Teachers Association. When asked why the Sardellas give to EIU, David Sardella responded, “We gave back to Eastern for the opportunities afforded us, which included the degrees earned by both Phyllis and our daughters. I would like to encourage younger retirees to start giving back to Eastern on a regular basis,” he added.

Page 4Foundation Report from the Board :: Summer 2014

We’re in the midst of a time of great opportunity at Eastern Illinois University. We’re just completing our self-study for reaffirmation of our accreditation. At the same time, we are also doing a comprehensive program analysis – examining all academic departments and support units so that we’re operating at top efficiency.

Healthy universities are constantly evolving and EIU is no different. Since our founding in 1895, we have evolved into a top-tier, comprehensive master’s university. We will continue to make strategic choices to uphold academic excellence and prepare our students for the jobs of the future. The current process is the next logical step in that evolution and is guided by the university strategic plan completed in 2012.

We have already made strides to improve our competitiveness, and I am confident that those changes will increase new student enrollment.

I am confident that we will make choices that will indeed strengthen the university in the long run and set us on a path for future growth.

Part of that roadmap for future growth will include offering additional scholarships to the university. Affordability has

become a key issue in higher education today and scholarships have become essential in attracting students. That’s why we have turned our fundraising emphasis to attracting new scholarships.

We established a goal of creating at least 100 new scholarships over the next three-and-a-half years. We’re already ahead of schedule, with 61 scholarships funded to date, and we still have more than two years to go in that campaign.

Of course, our faculty, staff and students are always doing amazing things. Let me share just a few highlights:

• More than 40 of our students presented undergraduate research projects at the national Conferences on Undergraduate Research in Lexington, Ky. EIU has become a leader in Illinois in undergraduate research. Our students are showing future employers they have the skills and drive to take their classroom experiences and make their own discoveries.

• Booth Library was named as a finalist for the national Medal for Museum and Library Science. The National Medal is the nation’s highest honor conferred on museums and libraries for service to the community.

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University Report


• Our recent Open House/Admitted Student Days have been very successful and have showcased our students and our programs well. In February – despite a snow and ice storm – we welcomed more than 1,000 students and family members to campus. They got tours and even had the chance for a “classroom experience” with our faculty. That classroom experience turned out to be the hit of the day, according to our survey of participants.

• EIU students in our family and consumer sciences program have received hands-on experience running a retail coffee shop right on campus. The Café is now operating in an underutilized break room in Klehm Hall and has become THE place to grab a cup of coffee and chat. Jim Painter, professor of family and consumer sciences, designed a class called “Cafeteria and Catering” to go along with the shop and give students the theoretical base to match their practical experience.

• EIU’s new Autism Center is gaining notoriety as it expands to meet the growing number of students on the autism spectrum. An expansion of the Speech-Language-Hearing Clinic on the EIU campus, the Autism Center will provide families a wealth of services and help autistic children achieve the greatest possible potential.

These are just a handful of our achievements this semester alone. I could fill pages with the great things on campus, and I hope you’ll come and visit us and see more for yourself.

Thank you for your loyal and dedicated support of EIU!

William L. Perry, Ph.D. President

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Committee ReportsThe Foundation Board met on Feb. 20, 2014, to receive reports from the university and to consider action taken by its committees.

The Real Estate Committee received a report from Mr. Pat Harrington, farm manager from First-Mid Illinois Bank and Trust. Mr. Harrington presented an update on the Foundation farms, stating that all of the farms had excellent crop yields in 2013. There has been some return of stronger demand numbers as prices have moderated, but farmers may receive lower prices for the 2014 crop compared to their 2012 and 2013 crops. He then went on to review the performances of the individual farms and noted that the Brainard farm was down from 2012 due to the expense of the tile project. Mr. Harrington informed the committee that he is resigning as farm manager as he is making a career change to farm full time in partnership with his brother. He introduced Mr. Cory Kauffman from First Mid-Illinois Bank & Trust, who will now oversee the management of the Foundation farms. Mr. Kauffman is an EIU graduate with a B.S. in business and has been working with Mr. Harrington in the farm management area at First Mid for more than three years.

The Finance/Audit Committee reviewed the Audit Report presented by Mr. Robert Arnholt of Doehring, Winders & Co. LLP, who stated there were no findings in the audit for the year ended June 30, 2013. The committee reviewed the FY14 Financial Statements (unaudited), Dec. 31, 2013, and the FY14 Operations Report, Dec. 31, 2013. The committee also received an update on the Raymond and Carolyn Miller Fischer gift to name the reception area of the Neal Welcome Center. A dedication was held on April 10, 2014. In honor of their gift, a satin-brass panel plaque was placed on the north wall of the first floor and unveiled during the dedication. The Fischers also donated a Paul Sargent painting

from their personal collection that is displayed in the reception area. The committee was informed that Helen Price provided a gift to name the flagpoles in honor of her deceased son, Dr. James D. Price. A monument in his honor has been installed on the grounds adjacent to the flagpoles.

The Oversight & Outreach Committee reviewed and approved the policies up for annual review.

The Scholarships & Grants Committee received the Gift Acceptance Committee Report that lists the most recent gift agreements. (See Visionary Society.) Ms. Payton noted that a total of $1,160,000 for new scholarships and funds has been approved by the Gift Acceptance Committee since the October 2013 meeting.

Ms. Christine Edwards, scholarship coordinator, presented an update on scholarships awarded, reporting that as of Jan. 16, 2014, original FY14 spending for scholarships was $967,971.49. She talked about the new marketing materials created to highlight scholarships and reported on the new Pemberton Presidential Scholars Award, a four-year full ride. She said that Financial Aid Nights are being held at local high schools, with EIU representatives detailing the scholarship search engine during the EIU freshman and transfer students’ open house. The committee reviewed and approved the Scholarships & Grants Committee job description and policies.


Performance Report from the Investment Committee At its February meeting, the Investment Committee received an overview from Dr. Crystal Lin regarding the Student Managed Fund’s recent performance. Her report noted that the fund continues to perform well as the market value has steadily increased and it outperformed its benchmark for 2013. There were 11 undergraduate students enrolled in the Applied Securities Analysis class this past semester. Mr. Jim Schnorf presented an overview of the most recent conference of the Council of Institutional Investors and other conferences he recently attended.

Ms. Tepovich reviewed the recent performance of the Endowment and highlighted the strong 13.9 percent return the Endowment earned for the trailing 12 months. As of Dec. 31, 2013, the Endowment had a market value of $67.4 million. Since the July 1998 inception date, the Endowment earned 6.4 percent, annualized and net of fees. In comparison, the Broad Market

Policy Index with the same broad asset allocation as that of the Endowment returned 4.9 percent. This suggests that the tilts within the portfolio have added value. The Policy Allocation Index, in which there is a tighter fit between the underlying managers and their unique benchmarks, returned 4.8 percent. This suggests that the actively managed strategies collectively have added value to the portfolio.

The performance of the Foundation’s portfolio as of March 31, 2014, is presented from Mercer Investment Consulting. As of March 31, 2014, the Endowment had a market value of $68.3 million. Since the July 1998 inception date, the Endowment earned 6.4 percent annualized and net of fees. In comparison, the Broad Market Policy Index with the same broad asset allocation as that of the Endowment returned 4.9 percent.

EIUF-Endowment 0.5 1.4 11.9 10.8 8.6 14.4 6.4Policy Index 0.1 1.3 10.5 10.1 6.6 13.4 4.970% S&P 500/30% Barclays Agg 0.5 1.9 13.5 15.0 11.5 16.3 5.6

Beginning Market Value $67,428,705 $57,117,923

Net Additions/Withdrawals ($117,824) $ 2,152,382

Investment Earnings $ 947,577 $ 8,158,400

Ending Market Value $68,258,458 $67,428,705

Spending rate 4.25%Administrative Fee 0.75%Inflation Rate 2.50%Management Fee 1.00%Total Return Needed 8.50%Net Return Needed 7.50%Long Term Expected Return 8.40%10-yr. Horizon Return 7.10%Standard Deviation (1 yr.) ±11.90%Lowest Likely Return (1 yr.) -20.00%

Sources of Portfolio GrowthPortfolio Objectives and Expectations (last updated: 5/2012) Calendar YTD 2013

Executive Summary: March 3, 2014EIU Foundation Endowment


A Special Word from the Investment CommitteeMay 13, 2014

The past several years have been a tough period for America. We experienced a financial crisis that sent the U.S. into a tailspin and thrust the economy to the brink of the abyss. To further complicate a recovery, the country had a spate of over-bearing regulations, which further restricted growth. Much of the U.S. endured the worst winter in more than three decades, a factor that will restrain growth in 2014’s first quarter. Yet, in

general, the economy has been inching upward, albeit at a slow pace, spurred forth by the healing power of American capitalism and innovation. “April showers” bringing forth “May flowers” is truly a lesson in patience that remains as relevant today as it was when we first learned it in kindergarten. We may finally be on the verge of smelling the sweet fragrance of economic flowers again.

The 2013-2014 winter deep freeze aside, there are positive signs of a true economic upturn emerging through the showers. Purchasing Manufacturers Index (PMI) numbers have remained solid, retail sales data is picking up, the Federal Reserve Bank’s Beige Book stated “economic activity increased in most regions of the country,” housing remains on the mend, unemployment is slowly declining, the Federal Reserve Bank’s inclination to start “tapering” down the amount of monthly asset purchases and the interest rate yield curve remains very positive. The combination of these factors, and more, suggest recognition of a better economic outlook.

Further good news comes in the form of a shrinking U.S. budget deficit. In 1994-2000, the term budget “gridlock is good” was in vogue for the economy and financial markets. Time magazine named House Speaker Newt Gringrich as “Man of the Year” due to his role in creating spending gridlock with President Bill Clinton, which eventually led to an annual (not total) U.S. budget surplus. That period of austerity led to a long economic expansion and a strong equity Bull Market. We respectfully leave it to political enthusiasts on both sides to argue the right or wrong of the situation. Instead, we look at the trends through an economic and financial market prism, and it appears the U.S. may currently be in another “gridlock is good” period, which is helping to restore America’s financial health. While the public rails against both political parties, Congress has quietly put aside any near-term government shutdown through a series of moves on revenue and spending. As independent macroeconomic research firm Capital Economics recently pointed out, “The upshot is that we might not reach crunch time over the debt ceiling until late summer 2015, giving us up to 18 months of fiscal certainty.” The March 2014

U.S. budget deficit fell below $500 billion for the last 12 months and for the first quarter 2014 was under 3 percent of the Gross Domestic Product (GDP) -- the lowest since the second quarter 2008. Another parallel with the 1994-2000 budget austerity period is that we are seeing strong revenues from “non-earned” income (i.e., income from the likes of capital gains, dividends and stock option execution). My friend Strategas Research Partners Policy Expert Dan Clifton noted that, for the fiscal year-to-date through March budget, revenues have risen 10.3 percent and spending has fallen 3.4 percent. The irony will come when the media “discovers” the underlying trends and starts writing articles about the potential for a U.S. balanced budget or budget surplus.

Make no mistake… global economic headwinds still prevail. Unexpected geopolitical events, economic problems in emerging economies, financial blow-ups and other events could derail the upturn. Americans today are emulating, to a degree, their grandparents and great grandparents who suffered through the Great Depression by paying down debt and adding to savings, which could hold back the fuel for future economic growth. A more positive economic outlook does not seem to be a current mainstream thought. So, if a stronger economic upturn should emerge, many will be dancing in the streets to Pharrell Williams’ song “Happy” as he sings, “Because I’m happy, Clap along if you feel like a room without a roof.”

We adhere to the mantra that one should not confuse the economy with the financial markets. So what does all of this economic overview mean? The emergence of a better economy would be a tremendous benefit to Americans, but there are downsides for financial markets. With a stronger economy, there is little doubt that the U.S. will experience a rise in interest rates, which will be a two-edged sword. When interest rates go up, bond prices go down, so mid- to long-term bond investors’ portfolios will initially suffer as their bond holdings fall in value. Corporations, and individuals, will be faced with higher financing costs, negatively impacted cash flow, corporate earnings pressure and, potentially, higher inflation. On the other side of the blade, investors who have yearned for higher income in a near-zero interest environment will have more options available.

The fragile American economy of recent years resulted in cautious corporations hoarding cash rather than risk investing in expansion or employment when revenue growth was tepid. The cash, along with low interest rates, helped corporations repair previously stretched balance sheets and contributed to much higher profit margins and earnings. If economic comfort rises,

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Donald L. Gher


companies will have to ramp up investment to meet the lure of higher revenue growth, but they are now well-equipped to do so. Consequently, a period of higher capital spending and higher employment could loom on the horizon, which would squeeze profit margins. Already, the National Association for Business Economics first quarter 2014 survey reported that 31 percent of businesses reported higher material costs (more than double the 15 percent in the 2013 fourth quarter survey) and 35 percent reported rising wages and salaries (up from 23 percent in the fourth quarter survey). Further, 43 percent expect an increase in hiring within their firm during the next six month, the highest level since 2011’s second quarter, with only 8 percent expecting to cut payrolls. Still, only 20 percent reported raising prices, unchanged from the fourth quarter. The question will be whether or not revenue growth from a stronger economy will be enough to offset a profit margin decline to keep earnings on a strong enough upward path and offset a potentially lower Price/Earnings (P/E) multiple on stocks.

One would expect the 2014 financial markets to be in for a much more volatile year under the current scenario.

A tenet of investing that has resonated over the years is to read the inside pages of the newspaper (for those of us who still like to get the ink stains on our hands) rather than the headlines. When the headlines appear, an event is normally already factored into the markets. Reading the inside pages of today’s newspaper brings forth a bevy of cross currents for both near term and long term financial markets. The Eastern Illinois University Foundation and our investment consultant, Mercer Investment Consulting, have continued to focus on the risk/return aspect of EIUF portfolios with particular attention to risk. Portfolio diversity remains a risk leveler as we analyze areas of relative valuation and risk premiums to develop our asset allocations.

Donald L. Gher, CFA Eastern Illinois University Foundation Investment Committee

Nominations for Foundation Membership – 2014The Board Development Committee met March 10 to consider candidates for membership in the Foundation, as well as candidates to fill open seats on the board. The final list will be mailed to members this summer, with elections taking place at the Annual Meeting in October.

Jonathan McKenzie Named New Executive OfficerJonathan McKenzie has been named as the new executive officer of the Eastern Illinois University Foundation. “We welcome Jonathan to his new leadership role,” said Christine Robertson, president of the Foundation’s Board of Directors. “In addition to his prior experience working with various boards, Johnathan brings 10 continuous years of professional experience at EIU, serving in the offices of Alumni Services, the Alumni Fund, University Advancement and Academic Affairs.”

McKenzie most recently served as assistant to the dean of Eastern’s Lumpkin College of Business and Applied Sciences. Previously, as an assistant director with Alumni Services, he coordinated the Annual Fund (from 2004-2010), while holding a part-time position as a philanthropy officer during

two of those years for the School of Continuing Education.

McKenzie, who lives in Mattoon, said he was pleased to join and be a part of “such an exceptional organization” as the EIU Foundation. “The EIU Foundation has been actively supporting the mission of Eastern Illinois University for more than 60 years. Our donors, members, directors, volunteers and staff are to be commended for their dedication.” He also issued an open invitation. “I welcome anyone to stop by the EIU Foundation for a visit at any time.” The Foundation’s offices are located in the Neal Welcome Center, 860 West Lincoln Ave., Charleston.

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EIU annuitants serve as volunteer ambassadors at the Neal Welcome Center, assisting our visitors, guests and students who come in to complete their scholarship paperwork. In recognition and appreciation of the ambassadors’ service and dedication to the effort, the Board has selected Edward “Mac” Corley as the 2013 Annuitant Ambassador of the Year. Corley represents the ideal volunteer. He is always willing to work extra shifts and offers on a regular basis to take on extra time. He loves visiting with the students, discovering their stories and experiences. He is very dedicated to being a volunteer! Congratulations, Mac, on your selection!

Making an Impact: Connecting Donors and Students Christian Ilunga-Matthiesen’s No. 1 reason for choosing EIU is due to “its class size and personal access to faculty.” Recruited by the EIU men’s track team, Christian -- an international student from Hamburg, Germany -- was recently awarded the Edward “Mac” Corley and Barbara Corley Undergraduate Economics Scholarship. Hoping to become a German Ambassador, Christian would like to pursue a master’s degree in political science and use his level of education to become involved in German foreign affairs. He remains very involved at EIU as both a member of the international student organization and a member of the Sandra and Jack Pine Honors College.

When asked what message he would like to send to alumni, friends and donors who financially support EIU, Christian responded, “I would like to say thank you to all the alumni, friends and donors of EIU. Each of you allows Eastern to be the great learning environment it is today. As an international student, overcoming the financial obstacles of attending EIU has not always been easy. Receiving this scholarship will most definitely allow me to worry a little less about my financial obligations and focus more on my academic career here at Eastern Illinois University. I hope my future occupation will allow me to leave a footprint in the sand of time.”


2013 Annuitant Ambassador of the Year

Christian Ilunga-Matthiesen had the privilege of meeting and connecting with his donor Edward “Mac” Corley.

The Albrecht-Tyler Education Professional Development FundThe Robert E. Bliss (a.k.a., Sweet Old Bob) ScholarshipThe Robert DeBolt `62 Technology ScholarshipThe Elementary and Middle Level Education Creative Activity FundThe Mitchell Gurick Student Trustee ScholarshipThe Tom and Deane Hoehn Elementary Education Leadership Scholarship

The Kohanzo Eagle Scout ScholarshipThe Tom and Deane Hoehn Student Teaching ScholarshipPublishing The Next 100 Years FundThe Lawrence and Carol (Hebenstreit) Uebner Business Scholarship

Africana Studies Alumni Annual ScholarshipDuane Elbert Summer Assistantship Annual FundRobert and Ann Flick Study Abroad Annual Scholarship

Dr. Herbert Lasky Association of Honors Students AwardThe Phyllis J. and Gary C. Rogers Education Annual AwardZuHone Girls Annual Scholarship

The Board’s Scholarships and Grants Committee added the following scholarships and funds to the Visionary Society. The donors of these endowments are providing long-term support with funds for scholarships, faculty research grants or educational and cultural enrichment programs for the University.

A donor who wishes to fund an endowment through a bequest or by making regular payments over time (e.g. through payroll deduction, automatic monthly charges to a credit card, or electronic fund transfers from a bank account), may wish to sign a Letter of Intent. This document ensures a donor that the Foundation is aware of his/her interest in establishing an endowment over time, and provides the means for a formal agreement to be written now, specifying how the endowment will benefit the University’s students, faculty or programs in the future.

Sometimes a donor prefers to give a non-endowed gift for immediate use by the University. In this case, a Memo of Understanding is written to ensure the gift is directed according to the donor’s wishes. The Board approved a memo of understanding to fund the Annual Scholarship or Fund to ensure the gift is directed according to the donor’s wishes. The following memos of understanding have been approved:


The Heritage Society honors those who make the commitment to support the university, its students and its programs through planned gifts, such as bequests from their estates or by designating the EIU Foundation as the beneficiary of their IRA assets or life insurance. We often get inquiries from donors asking how to write bequests to the university.

Here is the information that you (or your professional adviser) will need to include us as a beneficiary in your last will and testament:

Eastern Illinois University FoundationFEIN 37-6031320860 W. Lincoln AvenueCharleston, IL 61920

Following is an example of appropriate language that you might use:

“I [name] of [city, state, ZIP] give, devise and bequeath [$ amount, or % with estimated $ amount, or description of property] of my estate to the Eastern Illinois University Foundation, FEIN 37-6031320, located at 860 W. Lincoln Avenue, Charleston, IL 61920, to be used for the following [scholarship, fund, program], the provisions of which are outlined in a separate agreement.”

Our Directors of Development would be pleased to work with you on drafting a gift agreement that will outline your intentions for the planned gift once your estate matures. The final document, signed by you and the Foundation, will give us specific instructions to ensure we administer your gift according to your intentions and objectives. The fully executed document will then simply be held in your file here at the Foundation until such time as your estate is settled.

Donors who make planned gifts are recognized in the Foundation’s annual Honor Roll of Donors as a member of our Heritage Society. It is your decision whether you notify us of a planned gift made in your estate plan, and whether or not you would like recognition for doing so. Membership in the Heritage Society is non-binding.

We would sincerely appreciate consideration of EIU in your estate plans! Please contact us toll-free at 1-866-581-3313 if you have any questions or desire additional information on making a planned gift.

This information is not intended as legal, tax or investment advice. For such advice, please consult a professional adviser.

What Kind of a Legacy Will You Leave?

We all have a desire for significance. For many of us, significance comes through creating a legacy during our lives – something for which we will be remembered in the future. A bequest is perhaps the easiest and most tangible way to leave a lasting legacy to the people and charitable organizations that mean the most to us.

For more information on how to create a lasting legacy through a bequest, please contact us or log on to our web site. We look forward to helping you!

A bequest is a gift made through your will or trust. There are several ways to make a bequest: • Specific dollar amount • Specific asset • Percentage of your estate • Residue of your estate STEPHEN L. KULL

Director of Gift Planning Office of University Development (217) 581-5113 | [email protected]

www.eiugiftplanning.com

Eastern Illinois University FoundationNeal Welcome Center, 860 W. LincolnCharleston, Illinois 61920-2405

Phone: 217-581-3313 Toll-free: 866-581-3313

Oct. 24 and 25 Annual Meeting/Board Meeting/Homecoming Weekend

Jonathan McKenzie, Executive Officer

April Marchuk, Executive Assistant

Nancy Zytka, Outreach Coordinator

Phone: 217-581-3313 Toll-free:866-581-3313


Please visit the Foundation’s website, www.eiu.edu/found, to learn more about the new Board members and Committee Volunteers, and to see an updated list of Foundation members.

Has your email address changed? If so, please contact Nancy Zytka at 217-581-7388 or [email protected].

Show us your true blue colors! All across campus and the surrounding communities businesses are breaking out their EIU apparel to show their support of EIU Blue Fridays! Join in and show your school spirit every Friday by wearing blue! www.facebook.com/iameiu/photos_stream

For more information…

Dates to Remember

Foundation Staff

EIU Foundation Report from the Board :: Summer 2014

Documents

Transcript of EIU Foundation Report from the Board :: Summer 2014