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// ///// / ////////// ///// / /////////E W U F O U N D AT I O NA NA NNN UALUAL REPORT2019-20
E AGL E/// // / /// // /GRANTSE A G L E G R A N T H E L P S C U LT I VAT EM A J O R S U S TA I N A B I L I T Y I N I T I AT I V EEastern’s Prairie RestorationProject is breaking ground, inpart thanks to a grant from theEWU Foundation.Eagle Grants, formerly knownas Start Something Big Grants,fund innovative proposals fromEWU faculty and staff which willenhance the university and itsmission, support the strategicplan, provide opportunities fordevelopment and research,as well as increase studentparticipation. In March, the EWUFoundation awarded 19,385 forthe project, “Engaging Studentsin EWU Prairie RestorationPlanning and Research.”The Prairie RestorationProject will restore a portion ofthe EWU campus to its native“Palouse” habitat. The Cheneycampus sits on 300 acres ofbeautiful, rural land on thenorthern edge of the Palouse.For decades, farmers utilizedmore than a third of the acreageon the west side of campus toharvest wheat. By embarkingon this major sustainabilityinitiative, Eastern will preservenatural land, foster researchand educational opportunities,increase biodiversity, and providerecreational space for thesurrounding community to enjoy.It all starts with the landrestoration, which is where theEagle Grant is providing criticalfunding.“The restoration work isreally the backbone of all ofthis,” says Erik Budsberg, EWUsustainability coordinator andthe project director on therestoration project. “If we don’thave proper restoration, we can’tdo anything else. To ensure it issuccessful, we need a detailedmaster plan.”To create the master plan,Budsberg worked withRebecca Brown, PhD, andJustin Bastow, PhD, from theBiology Department. They usedfunds from the Eagle Grant tocoordinate a workshop thatwould connect land restorationexperts from across the regionwith EWU students, who wouldthen put together a plan usingtheir research and input from theexperts.While COVID-19 forced thecancellation of the physicalworkshop, the work still movedforward during the spring quarter.Students conducted research,interviewed experts via Zoomand each wrote a section of themaster plan.“I’m impressed with what thosestudents have been able to do—50-60 pages of pretty detailedinformation,” says Budsberg.“Despite Covid, the studentsstayed engaged. They’re reallypassionate about this work.”Now the group is movingforward with prepping andplanting a pilot site within thelarger restoration site, which willserve as a demonstration siteand a research plot for students,faculty and staff to determinethe best mix of plants to yield asuccessful native landscape.The grant proposal alsohighlighted the interdisciplinarywork being done on therestoration project. While biologyis involved in the restorationplanning and the pilot siteplanting, Carmen Nezat, PhD,in environmental science isconducting the soil analysison the site and investigatingO N T H E COV E Rhigh lead concentrations dueto prior trap shooting activityin the area. Chad Pritchard,PhD, from geology is installingshallow wells to collectbaseline data and monitorgroundwater hydrogeology.Expert consultations, field visits,seeds, equipment and wellconstruction quickly added upto nearly 20,000. Because thePrairie Restoration Project is apriority to the university, theEWU Foundation was pleasedto award the grant to make thiswork possible.“We were really happy toreceive the Eagle Grant andwe’ve been able to meet all ofthe requirements despite Covid,”Budsberg says. “We believe theoutcome will be a real benefitto the university and to thestudents.”Since 2010, the EWUFoundation has awarded morethan 375,000 to impactfulfaculty and staff initiatives.///// ///// /Nyibol T., junior math major, wears an #EagleStrong face mask fromthe EWU Eagle Store. Sales of the masks raised more than 20,000for the EWU Student Care Network.2020 EAGLEGRANTSSNAPSHOT 31 applications received 11 proposals funded4 fully funded7 awarded partial funding Total amount awarded: 50,000
M E S SAG E S F R O MTHE EXECUTIVEDIRECTORT H E F O U N D AT I O NCHAIRMANYour generositycontinues toamaze all of uswho are workingto advance themission of ourbeloved university.We continue tosee record fundraising, growth to our endowment,and overall health and integrity in the data.Your foundation is in good hands with a fewpeople I’d like to recognize: Jay Kirkpatrick,investment committee chair; Claudette Kenmir,finance committee chair; and Mark Hughesfrom Northern Trust. I would be remiss if I didn’tacknowledge the entire EWU Foundation Board—they are pretty spectacular too! We are bringingon two new members to our board this year: VonKlohe ’88, a retired insurance guru, and Rob Dietzfrom Banner Bank. We love the numbers peoplehere at the foundation, as our benefactors trust usto manage the funds they donate.We have a goal this year: 10 million in plannedgiving. That’s about 4 million over what we raisedin 2019/20. Often goals like this aren’t stated outloud, but I want this letter to be impactful.Many people like to support the causes thatmean the most to them with a gift through theirwill, trust or other type of planned arrangement.Planned gifts are a unique opportunity to createa lasting legacy for an EWU program. These giftsalso provide a way for you to pass on your values,achieve certain charitable and financial goals, andmay yield tax advantages.In this report, you will read about the differenceyour appreciated gifts are making, the students andprograms you are continuing to grow and sustain,and the #EagleStrong power behind your cash giftsto scholarships. From the bottom (and top) of mymarketing heart—thank you for all you do!Here’s to yetanother recordbreaking yearin fundraisingfor the EWUFoundation!During the fiscalyear ending June2020, our fundraising efforts totaled more than 22 million in private support!It couldn’t happen at a more pivotal point in ouruniversity’s history. Private support is more criticalthan ever as EWU continues to see a drop instate funding. We are maneuvering through thesedifficult times with grace, flexibility and a laserfocus on student success. All that being said, theneed continues to be huge. We need your supportnow more than ever.If you are reading this report for the first timeand have never given to the university, we needyou. If you are reading this report for the 100thtime and have always given to the university, weneed you. And we need everyone in between,pulling the oars together, to continue providingour students with the resources they need tograduate and succeed in the real world.I not only graduated from Eastern (class of 1988,College of Business), but I grew up in Cheney. It’sstrange to see the town and the university so quietright now—even in the summer there’s usuallyactivity with camps, summer school, and preppingfor the fall. However, I know that everyone isworking hard to make the best of a difficultsituation. I know that eventually we will get backto a bustling campus. And with your continuedsupport, EWU will continue to thrive and provideour region with the students it needs to create astrong workforce and economy.Thank you for all you have done, and willcontinue to do for EWU.Go EAGS!Barb Richey ’92 & ’99Vice President for University Advancementand Executive Director, EWU Foundationbrichey@ewu.edu 509.359.7022Krisann HatchINVESTMENT REPORT ANDC O M PA R AT I V E E N D O W M E N T P E R F O R M A N C EAS O F 6 .30.20ENDOWMENT POOLFunds in the EWU Foundationendowment are managedas a single investment. Likean individual who invests ina mutual fund, an endowedfund purchases units inthe endowment pool andparticipates in a per unitallocation of investment poolearnings and distributions.This investment andcomparative endowmentperformance report illustratesthe performance of the pooledinvestment for the fiscal yearJuly 1, 2019 – June 30, 2020.INVESTMENT OBJECTIVESAND OVERSIGHTThe EWU Foundationmanages the investment poolwith direct oversight by theEWU Foundation investmentcommittee. The committeeactively works with NorthernTrust Institutional InvestmentServices to select assetallocation and achieve a welldiversified asset mix thatbalances maximum returnwith acceptable risk overtime. Northern Trust, foundedin 1889, has core principlesof service, expertise andintegrity.COMMODITIES3%CASH0.9%REAL ESTATE4.9%VA L U EINVESTMENT AND 25MFIXED INCOME35.6%EQUITY55.6%DISTRIBUTIONPERFORMANCEFOR THE PERIOD 20MALLOCATION RANGEJULY 1, 2019 TOREAL ASSETS10%JUNE 30, 2020FIXED INCOME30% EWUF endowment 15MEQUITY60%value at all-time high: 25.2 millionRANGEEQUITY50-70%FIXED INCOME20-50% The endowment fund 10MREAL ASSETS/ALTERNATIVES0-20%TARGET ALLOCATIONdistributed 872,583 insupport of scholarshipsand programs at EasternREAL ESTATE4.9%COMMODITIES3%HIGHYIELD6%Washington University 5MFIXEDINCOME29.6%CASH0.9%U.S. CAP45% Endowment designatedKrisann Hatch ‘88 EWU Foundation Chairgifts in fiscal year 20202014 2015 2016 2017 2018 2019 2020ENDOWMENT MARKET VALUEof over OPED8%ACTUALASSET ALLOCATION
PE RFOR MA N C EPERFORMANCE BENCHMARKSN E WL E A D E R S H I P* An industry standard, the NACUBOCommonfund Study of Endowments isbased on data received annually fromover 800 U.S. college and universityendowments and affiliated foundations.The Foundation endowment investment goal is to match thereturn of a benchmark consisting of public market indicesweighted to asset allocation targets.EWU ENDOWMENT RETURNSC O M PA R E D T O B E N C H M A R K S EWUF ENDOWMENTRETURN EWUF BLENDEDBENCHMARKAll figures represent returns net of fees NACUBO COMMONFUND *STUDY OF FY195.54.455.97TBAFY20E NDOW EDPROFE SS OR S HI P SEndowed professorships enable EWU to attract and retain excellent facultymembers who expand their research, develop innovative strategies for teachingand learning, and design interdisciplinary projects and collaborations.John Collins, PhD, a senior lecturer in the history department at EWU, is theJeffers Chertok Professor of the Humanities for the 2020-21 academic year.The prestigious professorship was created to honor the life of Jeffers W. Chertok, who workedat EWU for more than 34 years and left a legacy of scholarship, generosity and genuine careat the university and beyond. The professorship was established through generous donationsfrom private donors, including Mr. and Mrs. Daniel Carper, and through a match from the state ofWashington.Collins teaches Eastern students on the intellectual history of Anglo-American constitutionalism,human rights and British history. In his courses, students learn about how constitutional thoughtcontinues to influence their lives.Starting a new job during apandemic is not exactly ideal.But Eastern’s new interimpresident, David May, is eagerto face the demands of a shiftingenvironment.“The challenges of learningonline are real. The challengesof teaching online are real,”says May. “If we recognize thatwe’re all in this together, thenI think we will be ok. It’s abouta commitment to being EagleStrong.”The Board of Trusteesappointed May to a two-yearterm as president in August afterMary Cullinan announced shewas stepping down from herleadership of the university.FUNCTIONALEXPENSES D AV I D M AYMay is no stranger to campus.He joined Eastern’s politicalscience faculty in 1999, and overthe years has worked in a numberof administrative positions. Mostrecently he served as provostand vice president for academicaffairs, where he spearheadedthe university’s shift to onlineclasses at the beginning ofthe pandemic. He has alsobeen instrumental in workingwith faculty on an academicAT E W Ureorganization plan that willreduce EWU’s seven collegesto four.In mid-September, Mayannounced the hiring of hisreplacement in the provost’soffice, Brian Levin-Stankevich,a familiar face to many atEastern. From 1995-2006, LevinStankevich served in a varietyof key roles at EWU, includinginterim president for one yearand provost for three years. BRIANL E V I N - S TA N K E V I C HT O TA LSCHOLARSHIPSUPPORT 6,772,129 1,500,000 2,500,000n 2019 n 2020 1,200,000 2,000,000 900,000 1,500,000 600,000 1,000,000 300,000 500,000MANAGEMENT& CHOLARSHIP20112012201320142015201620172018 20192020
F Y 2H0IGHLIGHTS/// // / /// /// /// // / /// ///F Y 2 0 F O U N D AT I O N F I N A N C I A L H I G H L I G H T S20202019 294,408375,8002,395,69725,565,814 409,4982,421,10924,506,194 46,767,542 39,404,180 173,5655,000,0001,004,3966,177,961 80,3845,000,0001,015,3206,095,704With donor 09,815503,30732,805,169TOTAL NET ASSETS40,589,58133,308,476 46,767,542 39,404,180 ,8981,970,050(66,118)170,481- 621,680,165(22,631)86,475- 13,779,989 13,244,756ASSETSCash and cash equivalentsCertificates of depositPromises to give, netAccounts receivableOther assetsProperty and equipment, netAssets held under split-interest agreementsBeneficial interest in charitable trusts held by othersBeneficial interest in perpetual trustsInvestmentsTOTAL ASSETSLIABILITIES AND NET ASSETSAccounts payableProgram support payableLiabilities under split-interest agreementsTOTAL LIABILITIESNET ASSETSWithout donor restrictionUndesignatedDesignated by the Board for endowmentTOTAL LIABILITIES AND NET ASSETSREVENUE, SUPPORT, AND GAINSContributionsNet investment returnMarketing revenueGross special events revenueLess cost of special eventsNet special events revenueOther revenueSupport provided by Eastern Washington UniversityChange in value of split-interest agreements held by the FoundationDistributions from and change in value of beneficial interests in assets held by othersNet assets released from restrictionsTOTAL REVENUE, SUPPORT, AND GAINSEXPENSESProgram services expenseSupport provided to/for Eastern Washington UniversitySupport services expenseManagement and generalFundraising and 19,0361,386,252TOTAL SUPPORTING SERVICESTOTAL E IN NET ASSETSNET ASSETS, BEGINNING OF YEARNET ASSETS, END OF YEAR7,281,10533,308,476 40,589,5812,511,13830,797,338 33,308,476Our generous supportersgave a total of 270,972 toEastern students on GivingJoy Day, April 3. Here aresome of the milestones:Donors helped unlock a 25,000 matching gift fromNumerica. The generous giftwill provide scholarships todeserving EWU students inthe 2021-22 academic year. E V E N A S C O R O N AV I R U SS P R E A D — Y O U G AV E J O Y !Eastern WashingtonUniversity’s annual GivingJoy Day was moved fromNovember to April to coincidewith the university’s birthday.Then COVID-19 hit. Eventhough we had to cancel someof our planned in-personevents, the annual day ofgiving was a huge success.Giving Joy Day proved tobe more important thanever as we entered into thisunknown, challenging time.The support from our alumni,parents, community partnersand friends allowed us toprovide critical basic needsand scholarships for ourstudents who are sufferingeconomically—ensuring theystay Eagle Strong.N E X T G I V I N G J O Y D AY :APRIL 2, 2021 42,368 was donated tothe Student EmergencyFund, which included nearly 30,000 in donations fromEWU faculty and staff.Donations helped us addressstudents’ emergent needs,such as the technologynecessary to completeclasses online, food andchild care.Donors also helped unlocka 40,000 matchinggift from BECU. Thisconsiderable contributionwill support studentsthrough the StudentEmergency Fund, EWUFood Pantry and studentretention support grants.
STUDENTSCHOLARSHIPS/// // / /// // / /// // / ///H OW YO U RSCHOLARSHIP DOLLARSHELP EWU STUDENTSWith your help, our students are staying in school, earningdegrees, and remaining Eagle Strong. They’re grateful foryour support!“It really does help my senior year—every year it gets harderto afford tuition, fees and books. Receiving this scholarshipmeans so much to me because the donors recognize myintegrity and the 110 percent I put into school.” – AshleighSanford, EWU Senior, Mechanical Engineering“Thank you so much for your help in making my dreamsof becoming a doctor a reality. I work hard to achieve myacademic goals and I will make you proud.” – Lorren Morgan,EWU Senior, Biology Pre-Medical/Pre-Dental“I would like to thank scholarship donors from the bottom ofmy heart. You made it possible for me to graduate and pursuemy future working with the children in our community whoalso need a helping hand.” – Emily Rhodes, 2020 EWU Grad,Children’s Studies“They gave me financial comfort and a lot of confidence to moveforward. Even now, when I’m going through a rough time, I canthink back and remember that people believed in me back then.”– John Vant, 2018 EWU Grad, Chemistry and Biochemistry E M I LYRHODES FORMER EWU PRESIDENT HONORSCOLLEAGUE WITH SCHOLARSHIP 7,461In-state tuition for a year 13,026Housing and meals for a year 930Books for a year 3,075Personal expenses/transportation for a year LORRENMORGAN ASHLEIGHSANFORDJORDANSCHOLARSHIP JOHNVA N T RUTH & STEVEJ O R DA NThe professional relationshipbetween a former EWUpresident and formerprofessor inspired the gift of anew scholarship endowment,which will help undocumentedstudents realize their dream ofearning a college degree.Stephen Jordan, the24th president of EasternWashington University, andhis wife Ruth, established thescholarship with a generousstock gift. The Stephen andRuth Jordan Scholarshiphonors Perry Higman, aprofessor of Spanish, Englishand creative writing at Easternfor 38 years. Higman alsoserved as director of theHonors Program before hisretirement in 2009.Jordan’s EWU legacyincludes increased studentenrollment and a renewedfocus on building a residentialcampus in Cheney. He’s alsowell remembered for hiscoined phrase, “It’s a great dayto be an Eagle.” The Stephenand Ruth Jordan Scholarshipawards undocumented(DACA) students with atleast a 3.4 GPA. It also givespreference to students whoare enrolled in the HonorsProgram and those who havefinancial need.This generous gift offers ahelping hand to students whoare working for a better life forthemselves and their families.It also highlights the lastinglegacies so many faculty, staffand administrators leave forfuture generations. PERRYHIGMAN
B OA R DF O U N D AT I O NBOARD OF DIRECTORSAlexis Alexander (EWUF Treasurer)Mike MumfordLloyd Dees (ASEWU President)Kim Pearman-GillmanRob DietzMike EkinsCurtis Griffin(BOT Representative)Wendy Repovich(EWURA Representative)Krisann Hatch (EWUF Chair)Corey RossCole Harrison (ASEWU UniversityYvonne SmithAdvancement Representative)Phil HaugenJeff Stannard (EWUAARepresentative)Margo HillStu SteinerMarc HughesMark Thompson (EWUFClaudette KenmirImmediate Past Chair)Jay KirkpatrickTom TiffanyVon KloheVin VuRichard MarllKaren Weis(EWUF Secretary)Brett WrightRichard MountLisa Poplawski LewisAssociate Vice Presidentof Philanthropy,Campaign ON-VOTING)Dr. David May – Interim President, EWUBarb Richey – Vice President forUniversity Advancementand Executive Director,EWU FoundationLisa Poplawski Lewis–Associate Vice President,of Philanthropy, Campaign DirectorMary Voves – Vice President,Business and Finance, EWUChandra Schumacher,Chief Budget Officerfor EWU AdvancementJudge James Murphy(BOT Representative)Financial questions?Chandra SchumacherChief Budget Officerfor EWU Advancement509.359.6890cschumacher@ewu.eduHave you considered includingan endowment in your estate plan?Courtney SusemiehlDirector of Gift Planning509.359.6703csusemie@ewu.eduF O U N D AT I O N R E S P O N S I B I L I T I E SThe EWU Foundation h
EWU Foundation. Eagle Grants, formerly known . construction quickly added up to nearly 20,000. Because the Prairie Restoration Project is a . MANAGEMENT & GENERAL 6,772,129 EWU ENDOWMENT RETURNS COMPARE
