Development Office Report

(Report submitted 1 March 2010)

Endowment/Investment Committee Report

Performance returns as of 31 January 2010

UNC Asheville Foundation, Inc.

Monthly Fiscal YTD Calendar YTD Inception+

(1.56%) 5.82% 3.17% 6.62%

UNC Asheville Endowment

Monthly Fiscal YTD Calendar YTD Inception++

(1.58%) 5.80% 3.15% (3.50%)

+ Inception date for UNC Asheville Foundation account is July 1, 2005

++ Inception date for UNC Asheville Endowment account is July 1, 2007

Market Values on 31 January 2010

UNC Asheville Foundation: $15,453,722

UNC Asheville Endowment: $ 7,400,576

Combined market value on 31 January 2010: $22,854,298

Combined market value on31 December 2009: $22,467,409

Combined market value on 30 November 2009: $22,341,031

Combined market value on 31 October 2009: $21,793,721

Combined market value on 30 September 2009: $21,771,510

Combined market value on 31 July 2009: $21,152,586

Combined market value on 30 June 2009: $20,778,961

Combined market value on 31 May 2009: $20,773,926

UNC Asheville Foundation

The UNC Asheville Foundation Board of Directors met on Thursday, 18 February 2010. Jim Hegglund is chair of the Foundation Board; Chuck Wood is vice chair.

Among other action taken, the Board (1) approved modifications to several endowment agreements: the Joyce & Laurence Dorr Endowed Scholarship; the Mary Louise Cocke Johnson Scholarship Fund; the Darrel & Janet Abel Scholarship Fund, (2) approved the creation of several new endowments: the Allene Highsmith Memorial Endowment Fund; the Anna M. Payne & Carlene D. Ouellette Women’s Basketball Endowed Scholarship (a planned gift); the Janvirve Foundation Endowment Fund for the NC Center for Creative Retirement); the naming of three scholarships endowed at $100,000 each to honor distinguished retired members of the faculty – Cathy Mitchell (Mass Communications Department), Gene Rainey (Political Science Department), and Tom Cochran (Psychology Department), and (3) re-affirmed the S. Tucker Cooke Endowment for Art Materials & Supplies.

Director Ed Towson presented the audit report and the IRS Form 990 report to the entire board. The audit, once again this year, was a “clean” audit. Discussion about both the audit and the 990 followed the presentations. The Board acknowledged that it had reviewed, discussed and approved both the audit and the 990.

Joanne Blackburn from Colton Groome made a presentation on the philanthropic landscape of the second decade of the 21^st century, with special attention to ways in which the current economy is impacting philanthropy.

Major Gifts

A number of major gifts have been contributed to the University since December 2009:

As reported in the Foundation report, the Allene Highsmith Memorial Endowment was funded with two major gifts from family members.

The Windgate Charitable Foundation provided a matching gift of $10,000 to endow the Sylva Billue Endowment.

The Founders Scholarship fund was assisted by a gift of $10,000 from Karl and Shirley Quisenberry.

Village Antiques and Interiors made a gift-in-kind of furnishings valued at $13,850 to Pisgah House.

Volvo Construction Equipment made a $50,000 pledge for Pisgah House.

Adelaide Daniels Key made a $25,000 pledge for Pisgah House.

Anna M. Payne and Carlene D. Ouellette established a planned gift of $50,000 to endow a women’s basketball scholarship.

Annual Fund

Through February 28, 2009, a total of 1,559 gifts and pledges have been recorded by the Annual Fund (568 gifts, 991 pledges). Gifts and pledges together represent a gross income of $129,016 ($55,255 in gifts, $73,761 in pledges). Of pledges made, 71% have converted to gifts as of 2/28/10. With four months remaining in the Annual Fund year, the $129,016 surpasses the year’s goal of $107,675.

An indication of giving by constituency as of 2/28/10 follows:

Alumni: 707 gifts and pledges for $57,387

Parents: 686 gifts and pledges for $49,564

Senior Class: 51 gifts for $660.

Faculty and Staff: 47 gifts and pledges for $550.*

Retired faculty and Staff: 4 gifts and pledges for $175.

Friends: 22 gifts for $3,030

NCCCR: 26 gifts for $4,200

• Does not include $4,153 through State Employees Combined Campaign
• Does not include non-Annual Fund gifts by faculty

Cumulative Fundraising Report (July 1 – December 31, 2009)

Run Date: January 21, 2010
		FY 09-10	FY 08-09	Change
TOTAL GIFTS - Cash and Non-Cash		$ 1,595,066.45	$ 5,572,563.54	-71%
	Cash, check, credit card (except online gifts) and payroll deduction
	Total Value	$ 993,546.87	$ 1,921,930.23	-48%
	Number of Gifts	2041	1960
	Online gifts
	Total Value	$ 50,407.00	$ 28,200.00	79%
	Number of Gifts	439	321
	Stocks and Securities converted to cash
	Total Value	$ 117,347.35	$ 9,919.35	1083%
	Number of Gifts	5	2
	IRA's converted to cash
	Total Value	$ -	$ 25,516.76
	Number of Gifts	0	2
	State appropriation for Endowed Professorships
	Total Value	$ -	$ 500,000.00
	Number of Gifts	0	1
	Estate Gift Distributions (includes distributions from Charitable Trusts)
	Total Value	$ 111,684.68	$ 176,562.73	-37%
	Number of Gifts	3	5
	Deferred Gifts (Gift Annuities and Charitable Remainder Trusts)
	Total Value	$ -	$ -
	Number of Gifts	0	0
	TOTAL CASH GIFTS	$ 1,272,985.90	$ 2,662,129.07
	Gifts-in-Kind
	Total Value	$ 322,080.55	$ 70,434.47	357%
	Number of Gifts	44	61
	Real Estate
	Total Value	$ -	$ 2,840,000.00
	Number of Gifts	0	1
	TOTAL NON-CASH GIFTS	$ 322,080.55	$ 2,910,434.47
TOTAL PROMISES TO GIVE - Pledges & Bequests
	Pledges Secured
	Total Value	$ 367,335.66	$ 3,322,396.92	-89%
	Number of Pledges	1048	928
	Planned Gifts Secured
	Total Known Value	$ -	$ 327,001.00
	Number of Pledges	0	5
	TOTAL PROMISES TO GIVE	$ 367,335.66	$ 3,649,397.92
		Value of multi-year pledge gifts to be fulfilled in the future	as of Dec 31, 2009	$ 6,389,102.00
		Estimated value of estate and planned gift commitments to be realized in the future	as of Dec 31, 2009	$ 8,621,044.00