Wayne King President and CEO West Virginia University Foundation Morgantown, West Virginia.
Embed Size (px)
Transcript of Wayne King President and CEO West Virginia University Foundation Morgantown, West Virginia.
Wayne KingPresident and CEO
West Virginia University FoundationMorgantown, West Virginia
Founded in 1867, WVU is a public, land-grant institution.
WVU will deliver high-quality education, excel in discovery and innovation, model a culture of diversity and inclusion, promote health and vitality, and build pathways for the exchange of knowledge and opportunity between the state, the nation, and the world.
By 2020, WVU’s vision is to attain national research prominence. WVU is currently one of only 11 schools in the country that are land-grant, doctoral research universities with a comprehensive medical school.
Divisional Campuses in Charleston, Keyser, Martinsburg and Montgomery
Fall 2012 Main Campus Enrollment: 29,707
Fall 2012 All Campus Enrollment: 32,593
Total operating budget: $2.6 Billion
For Fall 2012, 52% of students were WV residents; 48% nonresidents
14 Colleges and Schools184 Degrees
Classified by the Carnegie Foundation for the Advancement of Teaching as a Research University
The Alumni Association is made up of more than 185,000 graduates worldwide.
The WVU Foundation, incorporated in 1954, is an independent 501 c3.
The mission of the WVU Foundation is to enrich the lives of those touched by West Virginia University by maximizing private charitable support and providing services to the University and its affiliated organizations.
The Foundation has 86 full-time employees, 32 development professionals employed with WVU and its affiliates and nearly 40 students who support the call center efforts.
Foundation Asset ManagementThe WVU Foundation manages assets for the benefit of WVU and affiliates.
• As of Dec. 31, 2012, total assets under management were $1.2 billion.
• Over 90% of this amount is held in cash & investments consisting of endowed funds, non-endowed funds and funds held for related agencies (agency funds).
• Remaining assets held by the Foundation primarily include pledges, One Waterfront Place building and other assets.
FundsAs of Dec. 31, 2012, the Foundation had 4,664 active funds, including:
• 1,613 scholarship funds (both endowed and non-endowed)
• Some funds provide multiple scholarships.
• 2,496 endowed funds
• 129 chairs, professorships and deanships
GiftsIn fiscal 2012, Cash and gifts in-kind totaled $173.9
million, the highest amount ever received in the
Foundation’s history. This included the largest single
in-kind software donation ever, valued at $71.2 million.
Not including the large in-kind gift, the remaining
$102.7 million donated in FY12 also set an all-time
record for contributions – topping the FY11 record high
of $96.3 million.
WVU’s largest benefactors are Ben and Jo Statler whose lifetime support to WVU totals nearly $60 million.
StewardshipThe WVU Foundation administers and invests funds
under policies that ensure it operates in a cost-
conscious environment conducive to carrying out its
mission. The endowed funds are invested with an
emphasis on long-term growth.
CampaignOn June 2, 2012, the Foundation and WVU launched
the largest private fundraising campaign in the history
of the University. The goal of A State of Minds: The
Campaign for West Virginia’s University is to raise
$750 million by December 31, 2015.
TechnologyThe WVU Foundation’s key technical partner is
Blackbaud, Inc., a leading provider of software and
services designed specifically for non-profit