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The
Gra
nd
Can
yon
fro
m t
he
Sou
th R
im,
Ari
zon
a, 1
942
; Ph
oto
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ph
by
An
sel A
dam
s
Celebrating 50 years of philanthropy
The University of Arizona Foundation Annual Report 2008
Contents
Celebrating 50 Years of Philanthropy 3
Summary of Gifts 2007-2008 4
Endowments 4
Academic Divisions 8
Capital Improvements 10
Alumni Giving 12
Research 14
Unrestricted Gifts 16
2007-08 Giving Totals 18
Endowment Performance 20
ABOUT THE COVER: In 1941 the National Park Service commissioned noted photographer Ansel Adams to create a photo
mural for the Department of the Interior Building in Washington, D.C. Adams captured 226 photographs of America’s
beautiful landscape, including the cover shot taken at Grand Canyon National Park, before the project was halted because
of World War II. In 1975, Adams was the founding donor of the UA’s Center for Creative Photography.
The Grand Canyon from the South Rim, Arizona, 1942; Photograph by Ansel Adams; Collection Center for Creative Photography,
University of Arizona - ©2008 The Ansel Adams Publishing Rights Trust.
This year, as we celebrate the 50th anniversary of The University of Arizona Foundation and its partnership
with The University of Arizona, we take a journey down memory lane, looking to our past to inspire guidance
for our future.
The idea for the UA Foundation took flight in 1957 when then-UA President Richard A. Harvill boarded a
plane to Chicago. During the course of that trip, Harvill visited with Tucsonan Tom Freeman who was on his
way to his alma mater’s foundation board meeting. The conversation stimulated instant inspiration.
In 1958, the Foundation was incorporated. Since then it has supported the University during bright skies and
times of turbulence, changing routes, as needed, to find smooth air once again. It is thanks to the support
of private giving from donors like you that many of those changes have been made possible, allowing the
University to continue gaining momentum as a leader in higher education.
Since 1958, dedicated supporters have raised more than $2 billion for the University, playing a pivotal role in
its evolution. Today, private support remains essential to the transformational changes that need to happen to
sustain UA’s status as a world-class institution.
As we embark on a new course in UA history, we must push the boundaries of higher learning to benefit
our communities. We are not exempt from our nation’s current economic state. However, it is by providing
funding for continued academic opportunity at the University that we can propel our state’s ability to soar in
the global knowledge economy of the 21st century.
Now is the time to act boldly. Together we can positively impact our University, our state and our nation by
providing for the students of today and the leaders of tomorrow. The future depends on it.
Sincerely,
Robert N. Shelton James H. Moore, Jr.
President President&CEO
TheUniversityofArizona TheUniversityofArizonaFoundation
A Message from the Presidents
1
3
It’s no wonder why nearly five million people each year visit Grand Canyon National Park. Its magnificent
walls of rock contain three of the four eras of geological time, several major ecosystems, the oldest human
artifacts dated at nearly 12,000 years old and one of the finest examples of arid-land erosion in the world.
Formed over millions of years, the canyon is continually changing from the flow of the Colorado River.
Over the last 123 years, The University of Arizona has undertaken an evolution equally as grand. From the
porch of Old Main, one can see dozens of buildings that document the past and point to the promise of the
future. These structures exist thanks to the river of ideas that have flowed from hundreds of thousands of
alumni, students, faculty, staff and community leaders.
2008 marks the 50th anniversary of the UA Foundation. Since 1958, generous alumni, friends, corporations
and foundations throughout Arizona, the nation and the world have committed more than $2 billion to the
University. The stories in this annual report illuminate the power of that philanthropy.
Today these private investments are even more critical to reinventing the modern land-grant university to
meet the needs of a 21st Century global society. The true value of this support is immeasurable when you
consider the millions of people around the world who benefit directly or indirectly from the innovations and
discoveries being made on campus every day.
Preserving the long-term vitality of the UA is the number one priority of the UAF Board of Directors. We
take our fiduciary responsibility seriously. That’s why we adhere to a prudent investment strategy designed to
provide enduring financial support that helps advance the University for generations to come.
Though we face uncertain times today, your continued support provides us the stability we need for a bright
future. On behalf of our entire Board, thank you for helping the UA achieve its aspirations.
Peter E. Calihan, Chairman
UA Foundation Board of Directors
A Message from the Board Chair
Summary of Gifts 2007-08
4
Corporations
$6,569,548
Alumni
$8,197,265
Other
$5,904,141
Other
$22,910
Fundraising Consortia
$442,106
Foundations
$9,904,311
EndowmEnts 2007-08
Parents
$3,572
INDIVIDUALS
ORGANIZATIONS
$31,043,853
Dr. GuptaDr. Powers
Figures are from the Council for Aid to Education’s Voluntary Support of Education survey, submitted September 2008.
1957 Flying to Chicago, UA President Richard A. Harvill meets
Tucsonan Tom Freeman, who’s on the way to his alma mater’s
foundation board meeting. The idea of a foundation to benefit
the UA is planted.
1958The University of Arizona Foundation incorporates. Officers
are Roy Wayland, president; George Chambers, vice president;
Martin Gentry, second vice president; Frank Votaw, secretary/
treasurer; and Norman Hull, executive director. Gentry and
Votaw will serve for 18 years.
1960UA President Harvill recruits Samuel C. McMillan as the
University’s first vice president for planning and development.
By end of 1961, Foundation treasury holds $12,838.48.
1962Under a federal program encouraging charities to participate
in home building, the Foundation aids the initial development
of Green Valley.
1963 Merlin K. DuVal becomes first UA College of Medicine dean.
Arizona Daily Star publisher Bill Mathews heads the Found-
ers of Arizona Medical Education (FAME) Campaign, the
University’s first campaign of significance. The goal was to
raise $3.1 million and win federal matching funds for a medical
college building.
Brown Family Foundation inspires innovation in
engineering, business and science
The Thomas R. Brown Family Foundation donated $6.9 million
to endow three UA faculty chairs during fiscal year 2008. Gifts
of $2 million went to both the College of Engineering and the
Eller College of Management, while $2.5 million is supporting
integrative science.
All three gifts are intended to fund faculty dedicated to merging
technology with management principles, a concept inspired
by the beliefs of the late Tom Brown, founder of Burr-Brown
Corporation, since acquired by Texas Instruments. Each of the
chairs is following through on that mission. The initiatives of
the Brown family are carried out through a partnership with the
Community Foundation of Southern Arizona.
Within the Eller College, Professor Amar Gupta has been
instrumental in developing a dual degree program combining
an MBA with a master’s degree from the College of Engineering,
College of Science or College of Optical Sciences.
Linda Powers, a professor of Electrical and Computer
Engineering at the College of Engineering, is fusing her study of
bioengineering with economic development through research
that will promote technology-based business development.
Finally, Peter Smith, UA senior research scientist and principal
investigator of NASA’s Phoenix Mars Mission, has made out-of-
this-world technological advances to explore our solar system.
Since July 1, 2006, donors have funded an additional 16
endowed faculty chairs for a total of 78 positions at The
University of Arizona.
5
Historical Timeline
Harvill
DuVal
1967 UA College of Medicine
In 1967, the College of Medicine opened the Basic Sciences
Building to 32 students. Construction on the grounds of the
one-time polo field was funded by the private $3 million FAME
Campaign and a $4.3 million federal matching grant. From
this auspicious beginning, 10 Centers of Excellence have been
created, including the Arizona Cancer Center, Steele Children’s
Research Center, the Arizona Arthritis Center, the Arizona
Respiratory Center, the Valley Fever Center of Excellence, the
Arizona Emergency Medicine Research Center and the Hispanic
Center of Excellence.
In 2007, the 40th anniversary of the UA College of
Medicine, The Virginia G. Piper Trust demonstrated its
commitment to the success of the college’s expansion to Phoenix
by making a gift of $5 million to benefit the Phoenix campus.
1965Leicester H. Sherrill joins the Foundation board and plays a key
role in completing the FAME Campaign.
1966Recession causes Foundation to transfer Green Valley develop-
ment project to the Federal Housing Authority after receiving
about $80,000 from the venture.
1968The Foundation organizes six Arizona banks to loan $2.7 mil-
lion to build Optical Sciences Center. A five-year, $5.25-million
U.S. Air Force award to UA supports research and mortgage
amortization. Foundation assets surpass $1 million.
6
Director Jory Hancock with
dance students Michael Gross
(clockwise from left), Nick Torres,
Ashley Bowman, Addie Hobbler
and Stacey Harris.
Phoenix campus
Stevie Eller perpetuates UA dance through endowed chair
In fiscal year 2008, Stevie Eller funded the first endowed chair for
the UA School of Dance, one of the top programs in the country. Its
first recipient is Director of Dance Jory Hancock. The endowment
will permanently support program needs and faculty recruitment
efforts.
Stevie, who graduated from the UA in 1952 with a bachelor’s
degree in education, was a member of the UA dance club, Orchesis,
as an undergraduate. She received an honorary doctorate from the
UA in 1999, is a recipient of the University’s Centennial Award
and Distinguished Citizen Award, and is a board member emerita
of the UA Foundation. Her husband, Karl, graduated from the UA
business school, now named in his honor.
The couple has long supported the University, particularly
by giving to the School of Dance and to the Eller College of
Management. The architecturally innovative Stevie Eller Dance
Theatre celebrated its fifth year of performances in 2008.
7
EndowmEnts cont inued
Ph
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Mel and Enid Zuckerman promote healthy living with College of Public Health endowments
For Mel and Enid Zuckerman, inspiring people to live well is a lifestyle that they embrace wholeheartedly. As
owners of Canyon Ranch resorts and health spas, they not only promote healthy living to guests of the Ranch,
but also reach out to the community at large through generous gifts to the UA.
The couple gave more than $5 million to perpetuate the Mel and Enid Zuckerman College of Public Health’s
development as a premier center of excellence at the University, with a focus on innovation, enterprise and
distinction. The gift was an advance payment on a past pledge of $10 million.
In addition, the endowment will support the Canyon Ranch Center for Prevention and Health Promotion.
The Center focuses on chronic disease prevention and acts as an intervention research center for diabetes and
its associated risk factors of obesity and depression.
8
Corporations
$16,567,065
Alumni
$7,222,482
Other
$6,964,054
Other
$2,793,123
Fundraising Consortia
$1,007,508
Foundations
$13,924,336
ACAdEmIC dIVIsIons 2007-08
Parents
$52,162
INDIVIDUALS
ORGANIZATIONS
Religious Groups
$11,675
$48,542,405
1970Leicester H. Sherrill elected Foundation president, a volunteer
post.
1971 The Foundation finances $1 million in hospital equipment and
a $720,000 computer for the UA. Richard A. Harvill retires as
the University’s 14th President. John P. Schaefer is hired.
1972UA secures its first endowed chair: The C. Leonard Pfeiffer
Endowed Chair in Cardiology. Eugene Morkin, MD, is named
chair holder.
1973 The Foundation announces that the aunt of director Jack
Greenway, Grace Flandrau, has bequeathed funds to build a
planetarium.
1974The Foundation gives UA the title to Optical Sciences Center.
1975Flandrau Planetarium and UA’s gift-financed Chest Disease Ad-
dition to the Basic Sciences Building open. Founding donor An-
sel Adams helps open the first home of the Center for Creative
Photography on North Park Avenue.
1976The Foundation gives UA the title to $1 million in hospital
equipment, raises $40,825 plus several collections for new
library.
9
Schaefer
Mel and Enid
Zuckerman
Phot
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y B
alfo
ur
Wal
ker/
Ch
ris
Mo
on
ey
10
Corporations
$1,627,005Alumni
$5,359,236
Other
$1,634,229
Other
$350
Fundraising Consortia
$52,630
Foundations
$2,107,246
CAPItAL ImPRoVEmEnts 2007-08
Parents
$9,825
INDIVIDUALS
ORGANIZATIONS
$10,790,521
Agnese Haury and tree-ring
researcher Jeffrey Dean, the
Agnese & Emil Haury Endowed
Chair in Archaeological
Dendrochronology.
Ph
oto
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ph
by
Jeff
Sm
ith
Agnese Haury provides gift to benefit
Tree-Ring Laboratory
Agnese N. Haury gave $3 million toward her $9
million pledge to the UA’s Laboratory of Tree-Ring
Research. Agnese, a longtime supporter of the
University, is the widow of Emil W. Haury, one of
the lab’s founders and a co-facilitator of the UA’s
first tree-ring dating class.
Her recent gift will ensure tree-ring dating
continues to be explored at the UA by funding the
construction of a new building to house the lab’s
extensive collection of wood-stored archives. The
building will secure the future of the laboratory
as a leader in scientific research of archaeology,
ecology, geology and climate change.
More than two million samples within the lab’s
collection will be stored in the 15,000 square feet
of the new building, named for the lab’s director
emeritus, Bryant Bannister.
Agnese has also established the Emil Haury
Graduate Fellowship program in the Department
of Anthropology, the Agnese Haury Institute
for Court Interpretation, the A. N. Haury Fund
for dendochronological studies, and the Haury
Ceramic Heritage Fund at the Arizona State
Museum. The University awarded her an honorary
doctorate in 1999.
197710th anniversary of The President’s Club. Gifts total $21.6 mil-
lion, and there are 403 members.
1978UA President John P. Schaefer establishes the University Office
of Development and hires Richard F. Imwalle, the University’s
first professional fund raiser.
1979The Flinn Foundation of Phoenix announces a $200,000 chal-
lenge grant toward the UA’s second endowed chair in cardiol-
ogy. The Arizona Heart Association pledges $100,000.
1980Sherrill retires as Foundation president. McMillan elected
president; Imwalle, executive director.
IRS approves Foundation’s first pooled income fund, a type
of trust that lets donors of smaller amounts give away money,
keep the income from it, and save on taxes. Samuel J. Camp-
bell makes first gift.
UA awards 100,000th degree.
Grant Hill gives nation’s largest collection of popular sheet
music.
1975 Center for Creative Photography
Ansel Adams donates his archive to the UA in 1975, establishing
the Center for Creative Photography. In 1985, the UA creates
the Ansel Adams Endowment, which is funded with royalties
from sales of the famed photographer’s works. The endowment
also partially funds paid internships for graduate students. The
Center houses more archives and individual works by 20th-cen-
tury North American photographers than any other museum. Its
extensive collection details the history of art photography, mak-
ing it a rich research trove.
11
Phot
og
rap
h b
y Jo
hn
P. S
chae
fer
ALumnI GIVInG 2007-08
J. David and Edith Lowell support UA Athletics
and Engineering, honor WWII Veterans
What do UA Athletics and the College of Engineering have
in common? The support of UA alumni J. David and Edith
Lowell. The couple donated $2.5 million to athletics and
more than $2 million to engineering last fiscal year.
Both previous UA athletes—David in football and Edith
in field hockey and women’s intramurals—the couple
partially funded construction of the UA basketball and
1980 continued
Foundation receives largest gift to date, the $5 million Mo-
torola Executive Institute. It becomes the Oracle Conference
Center and, later, Biosphere 2.
All-time Foundation support for UA passes $25 million.
1981 J. Harry Wood elected UAF president. A new largest gift: Su-
perior Farming Company’s $8 million in land and greenhouses
to benefit UA’s Environmental Research Laboratory.
1982Donors give more than $17 million to the UA through the
Foundation. UAF board adopts UA’s fiscal year, expands and
names alumni, athletics and development directors as ex-of-
ficio members.
The Flinn Foundation endows the Robert S. and Irene P.
Flinn Chair in Internal Medicine with $1 million. Ruben Bressler,
MD, named chair holder.
Foundation assets are approximately $29 million.
The Foundation forms Optimi, the student service/honorary.
UA’s second endowed chair in cardiology is fully funded and
given to Frank I. Marcus, MD.
12
Flinn
Ph
oto
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r/C
hri
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ney
volleyball practice facility northeast of McKale Memorial Center. The gift, which is the
third largest in the department’s history, will support the $14 million, 20,000-square-
foot athletics facility. The athletics department also created a memorial to honor
Lowell’s older brother, William “Bill” Lowell, and fellow teammates from the 1942 UA
football team who served in World War II.
Within the College of Engineering, the Lowell’s gift will benefit the department
of mining and geological engineering, from which David is degreed. Funding will
create The David Lowell Professional Program in Mineral Resources, a distance-based
master’s program combining cutting-edge research with technical management.
13
The men’s and women’s UA swimming and diving
teams won the NCCA Championship in 2008.
14
Corporations
$5,368,727
Alumni
$1,215,656
Other
$3,431,820
Other
$6,788,448
Fundraising Consortia
$1,749,459
Foundations
$11,415,471
REsEARCH2007-08
Parents
$5,430
INDIVIDUALS
ORGANIZATIONS
Religious Groups
$455
$29,975,466
Walker estate provides breath of air and philanthropic
vision to UA College of Medicine
For the late Clara and Murray Walker, lives led in service to
others are honorably followed by a legacy left to do the same.
The couple, both retired high school teachers from Phoenix,
left an estate gift of $2.5 million to fund two research chairs at
the UA College of Medicine in the name of advancing research
in emphysema and ophthalmology.
The gift established The Murray and Clara Walker Memorial
Endowed Research Chair in Emphysema and The Murray
and Clara Walker Memorial Endowed Research Chair in
Ophthalmology. Both will ensure permanent funding of
research to provide hope to individuals with respiratory or
visual ailments.
Clara, a native Arizonan, received her bachelor’s degree in
education from the UA and later taught history, government
and economics at West Phoenix High School. She retired in
1969. In addition to giving to the UA, the Walkers, who had
no children, funded gifts to Arizona State University and the
Arizona Historical Society through their $6 million estate.
1982 continued
John P. Schaefer retires as the University’s 15th President.
Henry Koffler is hired.
1983 Leon Levy chairs Foundation’s $10.7 million campaign for a
new Cancer Center facility. Roy P. Drachman gives $1 million.
Toshiba Corporation funds a $6 million UA effort to develop
a filmless X-ray technique.
Karl Eller begins Center for the Study of Private Market
Economy in the College of Business and Public Administration.
Ansel Adams helps inaugurate the Center for Creative
Photography’s $4 million drive to build a new home.
NCR gives UA’s business college $2 million in equipment and
cash for management information systems department.
1984The President’s Club membership exceeds 1,000.
1985 The University of Arizona celebrates its Centennial. Shamrock
Foods’ McClelland family establishes the first Centennial
Professorship in the UA’s Karl Eller Center.
15
Drachman
Koffler
McClellands
Nina Sun is a senior research specialist at the BIO5 Institute,
which combines experts in agriculture, engineering, medicine,
pharmacy and science to address complex problems.
16
Corporations
$43,776
Alumni
$1,793,555
Other
$294,004
Other
$500
Fundraising Consortia
$52,391
Foundations
$25,100
unREstRICtEd GIFts 2007-08
Parents
$23,668
INDIVIDUALS
ORGANIZATIONS
$2,232,994
Ph
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1986 Sarver Heart Center
The Sarver Heart Center was founded in 1986 to address the
most prevalent health problem in the U.S.: cardiovascular
disease. The center’s success has been made possible by the
generosity of many supporters, including a 2000 naming gift
from the Robert Sarver Family for a state-of-the-art facility and
substantial gifts from Helen and Lee Lovaas, starting a tradition
of endowed chairs that have attracted the best and brightest of
medical experts.
The Sarver Heart Center has spearheaded breakthroughs
previously deemed impossible, for example in CPR, cardiac
transplantation and in the utilization of artificial heart technology
not only as a bridge to transplant but also to bring back young
children from life-threatening heart failure.
Legacy of Eddie Lynch hits homerun with
UA Athletics, Foundation
The legacy of the late Eddie Lynch lives on well after
his initial multi-million dollar pledge in December
1999 toward the $14 million Eddie Lynch Athletics
Pavilion.
Lynch, a UA alumnus and former baseball player,
was the founding general partner of Phoenix’s
Westcor Partners. He was also part-owner of the
Phoenix Suns and Arizona Diamondbacks and, in
1992, was awarded the UA’s Distinguished Citizen
Award.
As a tribute to his alma mater, Lynch funded both
the Eddie Lynch Athletics Pavilion and the Eddie
Lynch Athletics Pavilion Plaza, which celebrates
former student-athletes, supporters and friends
through custom-inscribed walkway tiles.
The facility includes the Bill Estes Jr. Family Strength
and Conditioning Center and the Kasser Medical
Treatment Center. In addition, the Jim Click Hall of
Champions displays more than 100 years of Arizona
Athletics heritage and traditions and offers rotating
exhibits. A former UA Foundation Board member,
Lynch also left a part of his estate to provide
permanent funding for the Foundation.
1985 continued
Fred Boice becomes Foundation President.
SAHBA forms five-year, fund-raising partnership with UA
Arthritis Center.
Annual Seed Money Grants total quadruples to $109,720.
Douglas and Alice Holsclaw announce gift for an endowed
chair in genetics.
17
Director Gordon A. Ewy, MD
18
$153,960,235
Foundations
$42,340,888
Alumni
$31,582,061
Parents
$390,885
Other
$14,418,996
Corporations
$35,311,309
Other
$29,916,096
INDIVIDUALS ORGANIZATIONS
$153,960,235
Academic Divisions
$48,542,405
Research
$29,975,466
Unrestricted
$2,232,994
Other
$764,808
Public Service & Extension
$12,085,919
Property, Building, & Equipment
$10,810,521
Restricted Endowments
$31,043,853
Athletics
$6,963,459
Library
$916,945
Deferred Gifts
$1,629,036
Student Financial Aid
$5,250,690
Faculty & Staff Compensation
$3,744,139
souRCEs oF GIFts2007-08
PuRPosEs oF GIFts2007-08
1986 The Foundation issues bonds to build a home for itself and the
Arizona Alumni Association. The facility is named in honor of
former UA Vice President Marvin D. “Swede” Johnson.
1987The University launches the largest capital campaign ever
undertaken in the state of Arizona. Called the Century II
Campaign, the goal was to raise $100 million in five years.
1988 The Foundation completes construction on the Scholarship
Suites atop Arizona Stadium and moves into the “Swede”
Johnson Building.
1919
78–
1979
–
1980
–
1981
–
1982
–
1983
–
1984–
1985
–
1986
–
1987
–
1988
–
1989
–
1990
–
1991
–
1992
–
1993
–
1994
–
1995
–
1996
–
1997
–
1998
–
1999
–
2000
–
2001
–
2002
–
2003
–
2004
–
2005
–
2006
–
2007
–08
$200
$180
$160
$140
$120
$100
$80
$60
$40
$20
$0
VALUE
OF GIFTS
($ Millions)
1990 The Century II Campaign surpasses its $100 million goal two years ahead of schedule.
Private gifts to the UA have steadily increased since 1978.
FISCAL
YEAR
Dedicated in 2007, the UA Helen S. Schaefer Poetry Center
on the northern edge of campus houses more than 50,000
volumes of various works and is a popular venue for events.
20
EndowmEnt PERFoRmAnCE
Our performance for the five years ending June 30, 2008 is as follows:
Return before Hurdle Rate
Return afterHurdle Rate
HEPI Excess/(Deficiency)
2004 14.62% 8.85% 4.6% 4.25%
2005 12.49% 7.18% 3.6% 3.58%
2006 12.31% 7.23% 5.0% 2.23%
2007 15.53% 10.63% 3.4% 7.23%
2008 1.60% (3.52%) 3.6% (7.12%)
Our return in fiscal 2008 was 1.6 percent. While we are never pleased with a negative return after the
Hurdle Rate, we are proud of the fact that we protected capital in a very difficult environment. We will not
know the exact quartile this gross return places us in until the 2008 NACUBO and Commonfund surveys
are published later this fiscal year. However, several less comprehensive studies report that the median
endowment had a gross return of approximately -3.5 percent. These studies support the fact that fiscal 2008
was a very challenging year in which to generate a positive return. That fact is also demonstrated by the
performance of a number of benchmarks:
Standard & Poor’s 500 Index (13.1%)
Russell 2000 Index (16.2%)
MSCI EAFE Index (10.6%)
MSCI EAFE Small Cap Index (18.6%)
FTSE NAREIT Global Index (19.7%)
Our Goal
Our goal in managing the endowment is straightforward: To manage the assets such that the return exceeds
the “Hurdle Rate” (the sum of the Payout and the Cost Recovery Fee) so the endowment principal is able to
grow and fund in perpetuity the activities you envisioned when you made your gift. Avoiding losses is a critical
component of achieving our goal, as is generating a return over the Hurdle Rate, which exceeds the Higher
Education Price Index (HEPI), the inflation measure most applicable to the University.
The Payout is equal to 4 percent of the average fair value of the endowment principal at the three previous
calendar year-ends. The Cost Recovery Fee is 1.25 percent of the fair value of the endowment principal.
1999 Eller College of Management
The Eller College of Management, one of the largest colleges at
the UA, continues to build on a tradition of excellence begun
in 1913. Named in appreciation for the generous commitments
and dedication of UA alumni Karl and Stevie Eller, the college
consistently ranks high in graduate and undergraduate business
education, according to U.S. News & World Report.
1991 Henry Koffler retires as the University’s 16th President.
Manuel Pacheco is hired.
The Foundation and the University formalize the Develop-
ment Management Services Agreement that provides greater
privacy to donor records and other information. Richard F.
Imwalle elected President of the Foundation.
1992The Century II Campaign concludes with a total of $196
million raised, nearly double the original goal.
21
Pacheco
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2001 BIO5
Launched with funds from a voter-approved tax in 2001, BIO5
is designed to fuel Arizona’s economic development by pursu-
ing state-of-the-art biological research. The program name of
BIO5 recognizes the strength to be found in collaboration. Five
disciplines – agriculture, engineering, medicine, pharmacy and
science – work together to address complex problems such as
the treatment of disease, feeding humanity and the preservation
of livable environments.
This distinctive bio-research building is a reality thanks
in large part to the leadership and passion of CALS graduate
Thomas W. Keating.
In 2008, the National Science Foundation awarded a BIO5–
led team $50 million to create a global center and computer
cyberinfrastructure, dubbed the iPlant Collaborative, to answer
plant biology’s grand challenge questions.
1997Manuel Pacheco retires as the University’s 17th President.
Peter Likins is hired.
The University launches a second comprehensive campaign,
again the most ambitious fund-raising effort ever undertaken
in the state of Arizona. The campaign placed the UA alongside
prestigious institutions such as Harvard, Southern California,
Stanford, UCLA and Virginia by establishing and surpassing
$1 billion goals.
22
Vicki Chandler, PhD, Director, BIO5 Institute, and the Carl E. and
Patricia Weller Endowed Chair in Excellence; and Richard Jorgensen, PhD,
professor of plant sciences the UA, are leading a team of researchers
around the world on the iPlant Collaborative.
Pho
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Endowment Portfolio: Composition and Positioning
Composition: Our $335 million endowment portfolio was composed of the following asset classes as of June 30,
2008 (a complete list of our holdings by asset class appears on Page 24).
Our Investment Committee
Our Investment Committee has done tremendous work over the past five years and is made up of the following
individuals:
David G. Areghini Michael F. Hannley Ramiro “Ramey” G. Peru
Craig Barker (UAF staff) Thomas W. Keating George Rountree, III
Craig M. Berge Peter A. Ladigo Helen S. Schaefer
Robert L. Davis John E. Miller, Jr. Ralph Silberschlag,Chair
Karl Eller James H. Moore, Jr. (UAF staff) Joel D. Valdez
Lesley G. Goldfarb Gary M. Munsinger
We would like to recognize departing committee members David Areghini and Mike Hannley for their
service.
Commodities
6%
Real Estate
4%
Hedge Funds
13%
Long Short Equity
9%
Asset Allocation
5%
Mean Reversion
3%
Private Equity
4%
Int’l Fixed Income
4%
Cash
4%
U.S. Large-Cap Equities
14%
U.S. Mid-Cap Equities
2%
U.S. Small-Cap Equities
3%
Int’l Developed Equities
10%
Emerging Equities
6%
U.S. Fixed Income
13%
Managers by Asset Class at June 30, 2008
Asset Class Manager/Style
Cash JPMorgan
us Equities
Large-Cap Capital Guardian; Research Affiliates; Leuthold*; Commonsense (Core)
Mid-Cap Artisan (Value); Times Square (Growth)
Small-Cap Lord Abbett; Research Affiliates (Core)
International Equities
Developed Dodge & Cox (Value); William Blair (Growth); Forward Int’l (Small Cap)
Emerging Grantham, Mayo Van Otterloo (GMO); Berens Global Value
u.s. Fixed Income
Govt/Corporates Vanguard Short-Term Bond; GMO Domestic Bond; Rimrock ABS; Privately managed
TIPS Vanguard
Int’l Fixed Income GMO International Bond; PIMCO Developing Local Markets
Private Equity Quellos Private Capital; JPMorgan U.S. Corporate Finance; Spur Ventures II & III;
Commonfund Private Capital VI & VII; BPEA Life Sciences; Keyhaven; Conversus; BPEA;
Venture Investment; Tech Partners; Asia Alternatives I and II; Africa Development
Absolute Return
Mean Reversion GMO Mean Reversion*
Asset Allocation GMO Global Allocation Absolute Return*; PIMCO All Asset
Long Short Equity Landmark; Commonsense; Oak Hill; Commonfund; 7 x 7*
Hedge Funds Highbridge; Commonfund*; Arden; Rimrock; Commonsense
Real Assets
Public Real Estate Cohen & Steers Global Realty
Private Real Estate Morrison Street; New Boston; Commonfund Realty; Legacy Partners
Precious Metals First Eagle Gold; GLD
Timber GMO Forestry
Commodities Commonfund Multi-Strategy Commodities
* Fund closed to new investors and/or new money.
24
2003 College of Agriculture and Life Sciences
Established as the first college at the UA in 1889, the College of
Agriculture and Life Sciences has enjoyed a long and productive
association with agribusiness and agriculture, both nationally
and in Arizona.
At the same time, the college is leading the way in address-
ing the challenges of increasingly diverse and changing families,
communities and markets. CALS is home to the John and Doris
Norton School of Family and Consumer Sciences.
The School’s recent fundraising campaign, Campaign Cor-
nerstones, brought nearly 2,000 people and industry partners
together to raise the $25 million needed to build McClelland
Park, the School’s new 72,000 square foot home. The McClel-
land Park dedication ceremony was held on October 23, 2008.
2005The Foundation launches The Founders Society, a giving club
for donors of $1 million or more.
Richard F. Imwalle retires as President and CEO of the Foun-
dation, after nearly 28 years of service.
25
UA alumnus Paul Muthart, general manager of Yuma’s
Pasquinelli Produce Company, represents one of the
nation’s leading growers of fresh produce, providing
year-round healthy meals for the American table.
McClelland Park
OFFICERS
ChAIR
Peter E. Calihan President Konica-Minolta,Inc.
VICE ChAIR
Jon o. underwood
SECRETARY
sarah B. smallhouse President ThomasR.Brown FamilyFoundations
TREASURER
G. wallace Chester Principal WestcorDevelopment Partners
PRESIDENT & CEO
James H. moore, Jr.
PAST-ChAIR OF ThE BOARD
Peter A. Ladigo
OFFICERS OF THE
CORPORATION
James H. moore, Jr. President&CEO
Craig Barker SeniorVicePresident FinancialServices
mark R. Harlan SeniorVicePresident CentralDevelopment
Roger neuhaus SeniorVicePresident Development& UniversityCampaigns
Ken R. dildine VicePresident FiduciaryCompliance &GiftTransactions
Lisa B. Fahey VicePresident DonorServices
Rita m. williams VicePresident FinancialServices &Comptroller
william J. Bowen SpecialAssistantto theUAFPresidentfor BoardRelations
MEMBERS
Robert F. Charles B&JEnterprises
Ginny L. Clements ChairmanoftheBoard GoldenEagle Distributors,Inc.
Robert L. davis FirstVicePresident CBRichardEllis
June dempsey CommunityVolunteer (LaJolla,CA)
Karl Eller President&CEO TheEllerCompany
Peter A. Fasseas Chairman&Founder MetropolitanBankGroup
Philip w. Hagenah ExecutiveProducer &President FilmHouse,Inc.
meredith Hay ExecutiveVicePresident andProvost TheUniversityofArizona
ted H. Hinderaker Hinderaker&Rauh,P.L.C. AttorneysatLaw
Linn t. Hodge, III President&Owner LinnT.Hodge&Sons
James L. HunterAugustine B. Jimenez, III MontoyaJimenez,P.A.
I. michael Kasser President HolualoaCompanies
thomas w. Keatingnancy C. Loftin SeniorVicePresident, GeneralCounseland Secretary ArizonaPublicServiceCo. &PinnacleWestCapital Corporation
stephen J. macCarthy VicePresident ExternalRelations TheUniversityofArizona
manny C. molina President&CEO MolinaMediaGroup
John R. norton, III Chairman&CEO J.R.NortonCompany
Allan J. norvilleRamiro “Ramey” G. Peru ExecutiveVicePresident &CFO SwiftTransportation
The University of Arizona Foundation Board of Directors 2008-09
26
The University of Arizona Foundation
Fundraising
-Twenty-nine percent of the University’s budget comes
from three primary sources: tax dollars, student fees and
local funds (investment earnings).
-The remaining 71 percent must come from private gifts
and research contracts.
-More than 98 percent of the private dollars raised are
designated by donors for specific purposes.
-The UAF manages the University’s fundraising process;
$153 million was raised in fiscal year 2008.
Asset Management
-The UAF manages a $335 million endowment.
-The UAF asset base is $500 million.
-The UAF maintains approximately 4,000 accounts for
200 programs.
-The endowment payout rate is 4 percent.
-The UAF serves as trustee for life income agreements.
Board of Directors
-Composed of business and civic leaders from
throughout Arizona and the United States, the board is
responsible for the Foundation’s policies, procedures and
overall direction.
-Board members’ professional expertise and community
involvement allow them to offer valuable insights into
the Foundation’s development efforts.
-In addition to generating and managing private gifts
for the University, each year the UAF directs nearly
$200,000 of its assets to the UA in the form of grants
and awards.
stephen E. Quinlan Chairman LongRealtyCompany
George Rountree, III ManagingPartner RountreeLosee& Baldwin,L.L.P.
Peter w. salter President&Owner SalterLabs
Eugene G. sander VicePresident OutreachandDean CollegeofAgriculture andLifeSciences TheUniversityofArizona
Robert n. shelton President TheUniversityofArizona
Ralph silberschlag VicePresident MerrillLynch
Richard H. silverman ChiefExecutive SaltRiverProject
Craig w. starkey SeniorVicePresident forSales ArizonaPortland CementCompany
Robert m. suarez Owner&CEO R.S.Engineering,Inc.
thomas w. sullivan, Jr. ChairmanoftheBoard FirstMagnus FinancialCorporation
Joel d. Valdez SeniorVicePresident TheUniversityofArizona
Christopher J. Vlahos President TheUniversityofArizona AlumniAssociation
DIRECTORS EMERITI
Craig m. Berge President BergeFord
Fred t. Boice Owner BoiceFinancialCompany
Jack d. davisdarryl B. dobras, President DBDInvestments,Inc.
Joan “stevie” EllerLesley G. GoldfarbC. donald Hatfield
Burton J. Kinerk Attorney Kinerk,Beal,Schmidt, Dyer&Sethi,P.C.
Humberto s. Lopez President HSLProperties
s. James manilla ExecutiveDirector TheHSLopezFamily Foundation
John E. miller, Jr.James F. morrow Attorney Quarles&BradyL.L.P.
david F. Peachin Consultant DavidF.Peachin,CPA,P.L.C.
mary margaret Raymond CommunityVolunteer
James m. sakrison Partner Slutes,Sakrison&Rogers
Helen s. schaefer
HONORARY BOARD
MEMBERS
william A. Estes, Jr. President TheEstesCompany
Peter Kiewit, Jr. Retired,OfCounsel GallagherandKennedy
Henry Koffler Past-president TheUniversityofArizona
Peter Likins Past-president TheUniversityofArizona
Helen B. Lovaas TemeculaAssociates
norman P. mcClelland Chairman ShamrockFoodsCompany
manuel t. Pacheco Past-president TheUniversityofArizona
John P. schaefer Past-president TheUniversityofArizona
melvin Zuckerman
POSTHUMOUS HONORARY BOARD
MEMBERS
Roy P. drachmandonald n. soldwedel
2005 Campaign Arizona
The University of Arizona College of Law—the first law school
in Arizona and one of the first established in the West— was
founded in 1915. In 1999, the college was renamed the James E.
Rogers College of Law, in honor of the generous support of law
school graduate James E. Rogers, prominent attorney, business-
man, educational leader and philanthropist
In addition to his support of the law school and other
campus programs, Jim Rogers’ $130 million commitment made
it possible for the University to boldly embrace a billion-dollar
campaign. Campaign Arizona was the state’s first fundraising
campaign of this magnitude. Donors committed nearly $1.2 bil-
lion to support vitally needed endowments, programs, facilities,
students and faculty.
2006 The Foundation welcomes its new President and CEO, James
H. Moore, Jr.
Peter Likins retires as University President. Robert Shelton
is hired as the 19th President of the University.
27
Likins
Ways to support the UA
online Giving — You may make a gift securely online using
your credit card. Visit uafoundation.org/givenow.
Give by mail — Gifts made by check should be payable to UA
Foundation and mailed to:
UA Foundation
1111 N. Cherry Ave.
P.O. Box 210109
Tucson, AZ 85721-01109
Estate Planning – To remember the UA in your will or estate
plan, be sure to name The University of Arizona Foundation as
beneficiary. Our federal tax ID number is 86-6050388. If you
already have named the UA Foundation in your estate plan,
please contact us so we can appropriately recognize your gift.
Individuals aged 70½ or older with individual retirement
accounts can make IRA gifts without paying income tax on the
amount through December 2009. We also offer life-income gifts
that provide income and immediate tax benefits.
You can contact our planned giving specialists during business
hours at 520-621-1993 or visit uafoundation.org/plannedgiving
to learn more.
Real Estate — Your gift provides a convenient way for you to
enjoy a charitable deduction based on the current fair market
value of your property, and it can reduce the size and complexity
of your estate.
Gifts of stock — By donating appreciated securities or mutual
fund shares, you can provide a lasting contribution while
receiving tax benefits, such as capital gains tax savings.
Annual Giving – You can provide vital, unrestricted support
for UA colleges, schools and non-academic programs by calling
1-888-285-3412.
Contact us – Visit uafoundation.org for a complete listing of
Development Officers for each college and program.
2007 BioSphere2 property is gifted to the UA along with a $30 mil-
lion pledge for research funding from the Bass family.
2008The Foundation launches The 1885 Society, a giving club of
unrestricted dollars to be used at the discretion of the Univer-
sity president.
Nearly 70,000 donors contribute $153.9 million in fiscal
2008, the second highest total in school history.
28