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University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents December 2, 2011

Meeting the Mission

Incorporated in 1981 the University of Nevada, Reno Foundation was established to raise and manage funds that support the academic and administrative programs of the University of Nevada, Reno, while respecting the philanthropic intentions of its thousands of donors. In 2011 the Foundation celebrated its 30th year.

The University of Nevada, Reno continues its upward trend of attracting a record number of students to campus. The University welcomed 18,004 undergraduate and graduate students to campus this fall, reflecting a 2 percent increase over the fall 2010

TOP: An artist's rendering of the Earthquake Engineering Laboratory Expansion. INSETS: auditorium and lab interior.

enrollment of 17,679 students. There was also a 4 percent increase in first-time freshmen,

with 2,880 freshmen starting this year compared to 2,764 last fall. The University also

matriculated 165 Presidential Scholars and 12 new National Merit Scholars, bringing the total of National Merit Scholars on campus to 46, the

largest number ever enrolled at Nevada. Recently, the U.S. News and World Report issued its annual "best colleges" rankings, and for the 2011

"best national universities," the University elevated its ranking as a "first-tier school."

In 2011, the University welcomed the opening of the William N. Pennington Health Sciences Building. In addition, the Foundation continued its role in fundraising for the expansion of the University's world-renowned Earthquake Engineering Laboratory. Thanks to a grant from the Donald W. Reynolds Foundation, the School of Journalism began renovation of its building to become a state-of-the-art, multi-media center for the University's journalism students. Finally, construction on a new Living Learning Center is well underway to enhance student housing and life on campus.

Fiduciary Responsibility

The Foundation takes its fiduciary responsibility quite seriously. The Board retained the services of Grant Thornton to perform an independent audit of the Foundation, which is included in the Regents' materials. The Foundation continues to be a good steward of its funds and is pleased that the auditors provided an unqualified opinion of the financial statements and have not offered a management letter.

(UNR FOUNDATION 12/02/11) Ref. UNR-2, Page 1 of 29

University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents ? December 2, 2011

1

Gift Report

For the year ending June 30, 2011 (FY 11), the University of Nevada, Reno raised more than $19 million in new cash, stocks, gifts-in-kind, and

pledges. This amount includes $17,303,383 raised by the Foundation, $425,696 by Athletics Association, University of Nevada (AAUN), and

$1,316,522 by the Board of Regents. In FY 10, the University raised more than $29 million. The number of donors increased by 50 percent

from 6,114 in FY 10 to 9,176 in FY 11.

$3,288,011 $3,387,898

$4,145,233 $455,645 $2,772,551

2.4%

Faculty/Staff

Gift Report ? Sources of Giving FY 11

$4,836,231 $160,032

14.6%

Includes giving for UNR Foundation, AAUN and Board of Regents

Friends

Alumni Corporations/Business/Organization Foundations Faculty & Staff Friends Estate/Trust Other Total

$3,288,011 $3,387,898 $4,145,233

$455,645 $2,772,551 $4,836,231

$160,032 $19,045,601

21.8%

Foundations

17.8%

Corporations/ Organization

25.4%

Estates/ Trusts

17.2%

Alumni

University of Nevada, Reno Total Gift Revenue

Includes giving for UNR Foundation, AAUN and Board of Regents

0.8%

Other

Athletics College of Agriculture and Biotechnology College of Business College of Education College of Engineering College of Extended Studies College of Liberal Arts College of Science Division of Health Sciences Nevada Cooperative Extension Restricted Endowments, Scholarships

$3,67$$387,46,,78277,322233

$8$8410,8,68793 $610,032

$81$10,4,166,85795

$691$$81109,809,80,4765,385682916

$1,411$$1146,,101,635219,,746279550531

$129$$55294,18,,7272650,534062296 $1,028$$3156,536,818,614,48244392504

$1,06$4183,,457785

$4,133$549205,6,6089330080 $25643,72630654

$2,822159,39052048

2.5%

Unrestricted

2.9% Foundation Gifts

Student Services,

LibPraroryg&raOm$t3she,4r 38,168 $3,753,855

Re8y.n5o%ld$s5,107,363 JSocuhrnoaolliso$$mf22,,48Re119s468tr.i,,8c62t%e28d12

$8E,Sn5cdh3oow0lam,r0seh9nipt4ss,

$3,200,516

2.2%

Building Acquisitions

19.3%

Athletics

Reynolds School of Journalism

$1,361016,28372862

Student Services, Library & Other Programs Unrestricted Foundation Gifts Building Acquisitions

$525684,42434261

$$44128953,,,05087438 5,601

Total

$19,045,601

$3,332,570 21.8% Division of Health

$2,840,701 Sciences

.3%1,742,218

Nevada Cooperative Extension

UNR Foundation Ten-Year Giving History

Comparison of UNR Foundation giving and total University giving

.5%

College of Agriculture and Biotechnology

4.3%

College of Business

3.2%

College of Education

7.4%

College of Engineering

1.0%

College of

Extended Studies

5.6%

College of

Science

5.7%

College of

Liberal Arts

Total University giving

UNR Foundation giving

2002 2003 2004 2005 2006 2007 2008 2009

(UNR FOUNDATION 12/02/11) Ref. UNR-2, Page 2 of 29

2010

University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents ? December 2, 2011

2011

$40M $35M $30M $25M $20M $15M $10M $5M $0

2

147,866,466

148,556,483

129,174,661

148,247,803

Financial Performan1c6e7,416,820

The Foundation's assets increased to more than $167 million as of June 30, 2011, a rise of +12.8 pe2r3cent. By comparison, Foundation assets were more than $148 million as of June 30, 2010. This increase comes mainly from contributions a0-1.n53 d an improvement in investment income.

14.77

UNR Foundation Assets (Comparison FY 07 ? FY 11)

12.88

Percentage Increase/Decrease in Asset Values UNR

Foundation FY 07-FY 11

$200M

25%

20%

15%

$150M

10%

5%

0%

$100M

-5% -10%

$50M

-15%

FY07

FY08

FY09

FY10

FY11

FY07 FY08 FY09 FY10

$0M

FY11 41095688

44449496

56827788

Endowment Performance

66087584

82288024

The University of Nevada, Reno Foundation's endowment returned a +19.6 percent in FY 11, compared to the S & P 500 for the same time

105600000

period of +30.69 percent, the MSCI All Country World ex-U.S. Equity Index of +29.13 percent, and the Barclay's Bond Aggregate of +3.9

106755909

percent. The Foundation Endowment also distributed $2.7 million to support the University in FY 11. The Foundation invested $5.99 million

84515931

in new gift investments into the endowment. The net result was that the Foundation endowment increased in value by +18 percent from

93131868

$93 million in June 30, 2010 to $110 million in June 30, 2011.

110,303,372

University of Nevada, Reno Foundation Permanently Restricted and Quasi-Endowments (2002 ? 2011)

2002 2003 2004 2005 2006 2007

2008

2009

2010

2011

$110M $100M $90M $80M $70M $60M $50M $40M $30M $20M $10M

(UNR FOUNDATION 12/02/11) Ref. UNR-2, Page 3 of 29

University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents ? December 2, 2011

3

Program Support

The Foundation is pleased with the unqualified opinion and lack of a management letter. While these items are important, the most significant item is the support the Foundation provides to the University of Nevada, Reno. The Foundation provided more than $16.5 million of program support to the University in FY 11, compared to more than $19.5 million in FY 10.

Program Support$?5,5U42s,1e96of Gifts FY 11

Capital Projects

$8,941,991 $2,020,742

$5,542,196

University Programs

$8,941,991

University Scholarships

$2,020,742

Total

$16,504,929

54.2%

University

Programs

12.2%

University

Scholarships

33.6%

Capital Projects

(UNR FOUNDATION 12/02/11) Ref. UNR-2, Page 4 of 29

University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents ? December 2, 2011

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Board of Trustee Candidates

The Foundation continues in its efforts to cultivate strong Trustee candidates. This year it successfully attracted a class of incoming Trustees who will live up to the standards outlined in the Foundation's Trustee giving policy and within the fiduciary responsibility of the Board.

The Board of Trustees of the University of Nevada, Reno Foundation requests that the following individuals be appointed as new Trustees for the terms 2012-13.

1. Opal Adams 2. Sam Arentz 3. Gene McClelland 4. William Pennell 5. William Raggio 6. Jeff Rodefer 7. Joan Zenan

The Board of Trustees of the University of Nevada, Reno Foundation requests that the following individuals be reappointed for additional terms in 2012-13.

Second Term

1. Deane Albright 2. Randy Brown 3. Carol Franc Buck 4. Catherine Farahi 5. Felicia O'Carroll 6. Chad Osorno

Third Term

1. Ed Allison 2. Denise Cashman 3. Steve Johnson 4. Terry Oliver 5. Jerry Smith

The Board of Trustees of the University of Nevada, Reno Foundation recommends that the slate of officers for its 2012 Executive Committee be as follows:

1. Thomas J. Hall, Chair 2. Felicia O'Carroll, Chair-Elect 3. Bob Armstrong, Vice Chair, Investment 4. Randy Brown, Vice Chair, Programs and Special Events 5. Katherine Garcia, Vice Chair, Audit and Finance 6. Paul Mathews, Vice Chair, Nominating 7. Terrance Oliver, Vice Chair, Public Affairs and Advocacy 8. Gerald C. Smith, Vice Chair, Governance 9. Ronald R. Zideck, Vice Chair, Development 10. Deane Albright, Member-at-Large 11. Steven S. Johnson, Member-at-Large 12. Mark Knobel, Immediate Past Chair

The Board of Trustees of the University of Nevada, Reno Foundation recommends that the following individuals receive Trustee Emeritus status:

1. Joseph S. Bradley 2. David J. Thompson 3. Patty Wade 4. Tom Willison 5. Jane Witter (returns to Emerita status)

(UNR FOUNDATION 12/02/11) Ref. UNR-2, Page 5 of 29

University of Nevada, Reno Foundation Annual Report to the NSHE Board of Regents ? December 2, 2011

5

University of Nevada, Reno Foundation Restricted Gifts to

The University of Nevada, Reno For the year ended June 30, 2011

Schedule of University Capital Gifts

Redfield Renewable Energy Program Academic and Athletic Performance Complex Thelma B & Thomas P. Hart Ctr for Community Wellness & Sport Las Vegas Building - Miscellaneous RSJ & Center for Advance Media Studies Building Health Science Education Building Davidson Math and Science Center Whittemore Peterson Institute for Neuro-Immune Disease

Grand Total of University Capital Expenses

$158 $62,442 $100,000 $215,000 $971,893 $1,326,000 $1,326,171 $1,540,533

$5,542,196

Schedule of University Program Gifts

4-H Camp Buy a Brick 4-H Camp Foundation Academic Affairs Honors Program Academy for the Environment Accounting Information System Department Adm. Robert L.J. Long Memorial Account Admissions and Student Affairs General Account Adriano B. Lucatelli International Education Internship Advisory Board Operational Fund Basque Studies Alan Bible Endowment for Teaching Excellence Award Alan Ramelli Research Project All Steinway School Almeida-Porada Research Alumni Association's Northeastern NV Chapter Alumni Association's Southern NV Chapter Alumni Class Endowment Alumni Lifetime Endowed Membership Annual Science Fair Art Department Development Account Arthur Brant Endowed Chair of Geophysics

$1,694 $1,799

$279 $850 $2,191 $11,939 $1,656 $5,136 $977 $5,628 $45 $39 $20 $146 $376 $3,265 $589 $4,725 $500 $102,169

(UNR FOUNDATION 12/02/11) Ref. UNR-2, Page 6 of 29 1 of 24

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