eiu foundation report from the board - winter 2013

Board of Directors

In This Issue

Christine Reid Robertson, President

William Robinson, Vice President

Judy Ethell, Treasurer

Timothy McCollum, Secretary

Timothy Burke

Mike Cunningham

H. Michael Finkle

Sylvia Nichols

Sue C. Payton

Janet Treichel

Charles W. Witters

University Report 1

Annual Meeting 3

Passing the Gavel 5

Committee Reports 6

Special Word fromthe Investment Committee 7

Nominations-Membership 9

Leadership, Support andService Opportunities 9

Visionary/Heritage Societies 10

Dates to Remember 11

Report from the Board

EIU has had much to be proud of this fall with the celebration of our December graduation ceremony, the selection of Professor Jeff Boshart as CASE Illinois Professor of the Year, and the success of our football team and the national attention that brings to Eastern. We’ve been delighted to see many of our alumni across the country comment on our Facebook page as they have watched the football team and shared their memories of EIU.

We are well underway with planning for the Legacy Celebration coming up this spring, and we hope

you will plan to be a part of the celebration of our generous alumni and friends. We want you to know that your contributions to the Foundation and the university are very much appreciated and that your generosity really does touch the lives of our students in a very real way. I hope you’ll plan to join us for that celebration, so please watch for the “save the date” announcement.

Right now at Eastern, we are engaged in two exercises to help us better prepare for the future. One is our self-study in preparation for our application for re-accreditation by the North Central Association of Colleges and Universities. As you may know, this accreditation must be renewed every 10 years and is the gold standard for value in higher education.

We have engaged the entire university community in this very important effort and I am gratified to see documented the great strides we have made since our last accreditation. We are truly a high performance, comprehensive university committed to excellence, and I am proud to serve as president.

We are also conducting a review of every program and service of the university. It’s no secret that these have been difficult economic times and the support of the state for public higher education hasn’t been as strong as it has been in the past. As a result, we are looking at everything we do to make sure we are operating at top efficiency and that every activity supports our core mission.

We have also re-committed ourselves to keeping an Eastern education affordable by not increasing tuition or housing costs for the coming year. Excellence and affordability make an EIU education the great value our alumni remember and our current students appreciate. In our extremely competitive recruiting environment, we have seen an increase in our number of applications this year, as well as an increase in the number of admitted students – all while holding true to our admissions standards.

I am excited about the many opportunities for EIU to continue making its mark in American higher education. Your dedicated support has been and continues to be a key factor in our success. Thank you!

William L. Perry

President

Foundation Report from the Board :: Winter 2014

University Report

The Eastern Illinois University Foundation Board of Directors held its Annual Meeting on Friday, Oct. 18, and then convened its regular business meeting Saturday morning to receive reports from the university and to consider action taken by its committees. Following are highlights from the Annual Meeting/Homecoming weekend:


New Members Elected

The Board of Directors held its Annual Meeting in the Lecture Hall of the Doudna Fine Arts Center. President Timothy Burke called the meeting to order and welcomed members and guests. Judy Ethell, secretary, presented the minutes from Oct. 12, 2012, and then presented the nominees for membership in the Class of 2018. Renewing members (noted with asterisks) and new members elected were as follows:

Election of Directors

Sylvia R. Nichols was elected to serve on the Board of Directors. Sylvia is completing the 3rd year in Jason Anselment’s current term which will expire in 2014. She will be eligible for two additional 3 year terms. The following Directors were elected to serve with terms to expire in October 2016: William Robinson and Janet Treichel.

Treasurer’s Report

Treasurer William Robinson introduced Assistant Treasurer Paul McCann, who presented the Foundation’s unaudited June 30, 2013, financial statements, reporting total assets at $3.7 million, and noted the increase in the market value of all investments. Mr. McCann also reported on the distribution of the Neal Unitrusts and the payment-in-full of the Neal Welcome Center mortgage.

Mr. Robinson then introduced Carissa Tepovich of Mercer Investment Consulting, who presented the performance of the investment portfolio at Sept. 30, 2013. That report is discussed in the Committee Reports section of this publication.

Matthew Allen Larry Ankenbrand Maureen Ankenbrand* Roger Archibald* Suzanne Baier* Dwight Baptist* Scott Biermann* James Bradham* Martha Brown* Steve L. Childers* Pat Coburn* Dan R. Cunningham* Michael Cunningham* Katharine Currey Henry Davis Robert DeBolt Christopher Desmond* Roger Dettro* Richard Dodson

* Martha Drake* Robert Dunn* James Evans* Jeanne L. Foley* Mary L. Gaskill* Donald L. Gher* Ronald Gholson*JuneB.Giffin* Susan L. Gilpin* Noelle Greathouse* Kenneth Hadwiger Mary Ann Hanner*WilliamHatfield* Carol Helwig William Hine* Dale Holt* Tom Hunse* John H. Keiser Mark Kesler

Tamara Kesler* Jennifer Ketchmark* Gary Kling* David Kuhl* William D. Lair* Herbert Lasky Al Longtin* Matthew Madigan* Victoria Markley Jaime Martinez* Thomas Maskey* Ross McCullough* Dale McHenry* James K. McKechnie Karen Medina* Michael Morrisey* John Oertling* Marilee Oglesby-Evans* Gail J. Richard

Charles Rohn*AldoRuffolo* J. Sain* Joan K. Schmidt* Jack Schultz*JeffreyG.Scott* Roger Sorensen* Dennis Spice* Julie Sterling* Robert Sterling Randy Taylor Sue Taylor* David E. Thomas Ron Tredennick Wendy Tredennick*MaryAnnUphoff Cindy Webb* Wesley Whiteside Roger Whitlow

Foundation Annual Meeting

President Burke recognized retiring director Jason Anselment. He expressed the Board’s gratitude for the many years of support and expertise provided by Mr. Anselment to the Foundation’s work.

Jason Anselment served on the Board of Directors for the last five years. Prior to serving on the Board of Directors he was one of the first individuals to serve as a volunteer for the Foundation. During his time with the Board, Jason has served as President, Treasurer, and Chair of the Finance/Audit Committee. In addition he has served on the Scholarships & Grants, Oversight & Outreach and Board Development Committees. Mr. Anselment has been an invaluable member of the Board. Mr. Burke thanked Mr. Anselment for his generous service and dedication to the Foundation Board.

2013 HONORARY LIFETIME MEMBERS

The Board annually bestows Honorary Lifetime Memberships upon those individuals who have brought significant recognition and attention to the University, have provided substantial lifetime contributions, or who have attained national or international prominence and prestige in their careers and lifetime endeavors.

Identa Moler Austin - Sadly, the honoree for this year’s award passed away just days before she was to receive her award. Identa Moler Austin was believed to be the oldest living EIU alum. She would have celebrated her 100th birthday in November and continued to remain very active in her community. Identa graduated from Eastern Illinois University in 1934. She attended chapel with Mr. Lord and was very vocal about being honored to have spent her most memorable years walking the halls of Old Main. Her years at EIU, her accomplishments and her contribution will be recognized at the Legacy Celebration in April 2014.

OUTSTANDING FOUNDATION MEMBERS

President Burke presented Outstanding Foundation Member certificates to members who have demonstrated the ideals of membership in the Foundation through their volunteer service to the Foundation and to the University’s academic and athletic programs, providing the leadership, expertise, and knowledge essential for the work of its advisory and governing boards, administrative councils and committees, and its executives-in-residence programs.

Paul L. Snyder started his career as an intern with KPMG in 1969 and went on to become a Midwest Area Managing Partner for KPMG. He is a past member of the KPMG United States Board of Directors, as well as KPMG’s Americas Board of Directors. While with KPMG he developed a specialty in auditing banks, mutual funds and insurance companies. During his 39-year career, he has held a number of leadership positions which have included the firm’s national insurance practice committee, national audit committee and technology steering committee. Paul was named as a Distinguished Alum of the EIU School of Business and was a former Executive –in –Residence. He was a member of the EI&U campaign for greatness and actively took part in visiting prospective donors. In 1990 he named the west foyer in Lumpkin Hall as part of the “Taking Care of Business” campaign. In 2003 and 2004 he was noted by Crain’s Chicago Business as one of “The most influential Chicago business leaders”. He and his wife Kathy have endowed the “Paul and Katherine Snyder Scholarship Endowment” and the “Paul and Katherine Snyder Faculty Development Fund”.

Page 4Foundation Report from the Board :: Winter 2014

Special Recognition

… continued on page 5


Dr. Ronald E. Gholson served EIU as an extremely dedicated faculty member for 25 years teaching in the Secondary Education and Foundation Department. Prior to teaching at EIU, Ron began his teaching career at Norris City-Omaha High School in Norris IL. While at Norris City, he was awarded the Outstanding Illinois Teacher in 1975. Service to others has always been a priority for Ron as evidenced by his involvement with numerous governance groups at EIU including the Council on Academic Affairs, Faculty Senate, North Central Committee, Council on Teacher Education and the University Personnel Committee. One of Ron’s strongest attributes is his belief in serving others. The importance of this belief led Ron to establish the “Ronald E. Gholson Endowed Faculty and Student Service Award” in the College of Education and Professional Studies. His belief in recognizing the good deeds of others is also seen by his establishment of the “David Frank Tanner/Ronald Gholson Endowed Fund Celebrating the “Goodness” of Music”. Each year he organizes and hosts a fundraiser for this fund which provides needed support to the jazz studies program. Ron is tireless in his efforts to support the university and its students and faculty through his volunteer efforts in the academic areas.

PASSING THE GAVEL

President Burke closed the meeting by stating that the Foundation had reached an important milestone. Founded in 1953, the Foundation was celebrating its 60th anniversary.

“We want to emphasize that the purpose of the Foundation is to support the University’s educational and cultural mission. We want to recognize the success of the Capital Campaign and the continued annual financial support that is dependent upon you our donors. The Foundation’s success comes from having good partnerships with others to achieve its mission.”

“We want to thank President Perry for his leadership in the campaign. The Board continues to focus its needs on generating contributions. We gratefully acknowledge Bob Martin, Vice President for University Advancement, Karla Watson, Assistant Vice President for University Advancement and the Development Staff, who have successfully generated donor contributions. We also want to recognize Paul McCann, Assistant Treasurer, Tami Babbs Assistant Comptroller and their staff for the accounting, reporting and administrative support, as well as the faculty and staff for their assistance in identifying students with financial needs.”

“Lastly we want to thank our donors for the much needed generosity of your gifts and the support you provide. We will continue in our role to be good custodians of the funds you have intrusted to us by investing the funds wisely and insuring that donor intentions are being met.”

Timothy Burke Immediate Past President

The Real Estate Committee received a report from Mr. Pat Harrington, Farm Manager and Assistant Vice President of First Mid-Illinois Bank & Trust. Mr. Harrington presented an update on the Foundation farms, stating that despite adverse weather conditions during the growing season, a normal crop yield is expected. He said that the soybean market is very strong and prices will most likely remain firm until mid-harvest, but corn prices may not return to their pre-harvest levels until next spring. Mr. Harrington went on to report that grain prices have declined from 2012 and most farmers are expecting narrower profit margins in 2014. Farm lease rates are strong and he recommends no changes to the lease terms on the Foundation farms for 2014.

The Oversight & Outreach Committee renewed the following policies: “Resolution Appointing Official Agent/Signatories”, “Resolution Conferring Authority to Sign Receipts for Gifts from Estates and Trusts”, and “Resolution Authorizing Executive Committee to Sell and Convey Real Property”.

The Scholarships and Grants Committee reviewed the Gift Acceptance Committee report lists of most recent gifts (see Visionary Society). Ms. Payton commended the Development Directors for their hard work in continuing the momentum of the campaign and working with EIU’s generous donors to create the new agreements listed on the report. She noted that $988,750 for new scholarships and funds has been approved by the Gift Acceptance Committee since the June 2013 meeting. The Committee reviewed an update from Robert Chestnut on grants applied through the Foundation. There is currently a grant from the Charleston Area Charitable Foundation for construction of the Center for Clean Energy Research and Education building. Ms. Edwards, EIU Scholarship Coordinator, presented an update on the scholarships processes and initiatives. She reported that she just returned from attending the National Scholarship Providers Association Annual Conference in Portland, Oregon. She explained that she would like to implement a universal application system that incorporates all EIU scholarships into one standard application. Ms. Edwards went on to report on the Foundation scholarships, in FY14, that 395 scholarship verification forms have been completed. We are only in the first quarter and $573,206 has been awarded to students. Ms. Edwards reported that the scholarship verification system was initiated in the fall of 2012

and as of September 17, 2013, 788 scholarships have been entered in the system. The system has greatly improved the scholarship process in terms of time and efficiency.

The Finance/Audit Committee reviewed the FY13 Financial Statements (Unaudited), June 30, 2013. Mr. McCann said he was expecting no adjustments from the audit and explained that the report shows the complete financial statements for the Foundation including gifts and changes in market values. The Committee also reviewed the FY13 Operations Report, June 30, 2013 and the FY14 Operations Report for the period ended September 30, 2013. Mr. McCann pointed out the decrease in interest for the building loan since the mortgage was paid from distributions of the Neal Trusts and $28,920.80 from the Foundation’s budget. Mr. Robinson noted that we are on target at this point and there are no concerns with the budget. Review of the Annual Spending Rate was discussed and the committee agreed to make no changes at this time. In other business the Committee reviewed an analysis of the endowment that included money raised during the campaign, transfers, administrative fees, gains/losses on sales of stock, expendable endowment gifts and increases in cash surrender values for life insurance policies. Mr. McCann gave a report on the reconciliation of the campaign report to the cash report and a report on the status of the audit. The Committee also reviewed the list of naming opportunities for the Neal Welcome Center. Mr. McCann explained that money received from these gifts is deposited into the Neal Welcome Center endowment for the purpose of maintaining the building.

The Investment Committee heard a report from Dr. Lin, instructor of the Student Securities Analysis Class who presented an overview of the Student Managed Fund’s recent performance. She reported the Fund outperformed its benchmark in September and is doing well so far in October, with a year-to-date return of 25. The Committee then received a report from Mr. Schnorf who presented an overview of the most recent conference of the Council of Institutional Investors and other conferences he recently attended.

Ms. Tepovich with Mercer Investment Consulting reported on the performance of the Foundation’s portfolio. As of 9/30/13, the Endowment had a market value of $64.8 million. Since the July

Committee Reports



At its organizational meeting Saturday morning, the Board elected Christine Reid Robertson to serve as president; William Robinson, vice president: Judy Ethell, treasurer and Timothy McCollum, secretary. Paul McCann, the university’s treasurer and director of business services, was elected assistant treasurer, and April Marchuk, Foundation executive assistant was elected assistant secretary. The Board also approved the 2013-2014 committee assignments and set dates for next year’s Board meetings: Feb. 20, June 12 and Oct. 25.

source: Mercer Investment Consulting


… continued from page 6

A Special Word from the Investment CommitteeEastern Illinois University’s own Burl Ives, among others, sang, “The Little Engine That Could.” Like that Little Engine chugging upward, the American economy keeps chugging along despite the mountain it has had to climb. As the nearby U.S. Bureau of Economic Analysis chart depicts, Gross Domestic Product (GDP) has continued to grow, although below the rate that would dramatically cut into the country’s unemployment problems. Just to cite a few of the economic headwinds, the U.S. economy has had to content with added regulatory burdens, higher tax rates, slower fiscal outlays, a Government shutdown and a myriad of problems in countries around the globe. Yet, the economic trajectory continues to confound the economic doomsayers by

remaining on an upward trajectory. Winston Churchill famously quipped, “It has been said that democracy is the worst form of government except all the others that have been tried.” Many commentators have changed the quote to, “Capitalism is the worst form of economic system, except for all the others that have been tried.” We have long argued that the American model, with all its flaws, is the most resilient and adaptable economic system in the world and growth through the headwinds in recent years seems to bear out that theory. The U.S. animal spirits are slowly reappearing.

1998 inception date, the Endowment earned 6.2%, annualized and net of fees. In comparison, the Broad Market Policy Index with the same broad asset allocation as that of the Endowment returned 4.7%. This suggests that the tilts within the portfolio have added value. The Policy Allocation Index, in which there is a tighter fit between the underlying managers and their unique benchmarks, returned 4.6%. This suggests that the actively-managed strategies have added value to the portfolio. Ms. Tepovich pointed out that performance results have been

strong without taking on a lot of risk. Over the last 5 years, the Endowment generated a return of 8.6% annually while incurring annual volatility of ±11.37% (standard deviation). By comparison, a 70/30 mix of stocks and bonds returned 7.5% over the same period and had a 26% higher standard deviation of ±14.36%. Based on the risk and return analysis, the Endowment has generated attractive performance on an absolute and risk-adjusted basis.


EIUF-Endowment 3.1 9.3 5.8 11.5 9.7 8.6 6.2Policy Index 2.9 8.7 4.6 10.1 8.3 6.3 4.770% S&P 500/30% Barclays Agg 2.5 12.9 3.9 12.3 12.3 9.0 5.2

Beginning Market Value $57,117,923 $50,832,828

Net Additions/Withdrawals $ 2,290,530 ($ 426,586)

Investment Earnings $ 5,404,645 $ 6,711,681

Ending Market Value $64,813,098 $57,117,923

Spending rate 4.25%Administrative Fee 0.75%Inflation Rate 2.50%Management Fee 1.00%Total Return Needed 8.50%Net Return Needed 7.50%Long Term Expected Return 8.40%10-yr. Horizon Return 7.30%Standard Deviation (1 yr.) ±12.30%Lowest Likely Return (1 yr.) -20.60%

Sources of Portfolio GrowthPortfolio Objectives and Expectations (last updated: 5/2012) Calendar YTD 2012

Executive Summary, June 30, 2012EIU Foundation Endowment


We fully expect to see the U.S. Government shutdown negatively affect the rate of economic growth in the 2013 Fourth Quarter GDP report to be issued in January 2014. But, China has been showing positive economic changes, Japan is in the midst of a large stimulation program and the Eurozone economic freefall appears to have stabilized. So, regions that have previously been drags could now provide lifts as the potential for a globalized synchronized expansion exists. However, U.S. economic growth is being underpinned by companies bringing off-shore manufacturing home, or in-sourcing. That “manufacturing renaissance” will be augmented by the tremendous potential unleashed if, as is projected in 2014-15, the U.S. overtakes Russia and Saudi Arabia to become the world’s largest producer of oil and gas. The Economist magazine’s November 16, 2013 issue put the rewards in perspective, “At first, say both (research groups) McKinsey and IHS, a lot of the action will be in the energy business itself: not just in drilling and pipelines but in roads and ports, and all the other activities needed to produce and distribute the fuels. Electricity production is being transformed too, with gas-fired power stations being built to replace dirtier coal-fired ones. This has contributed to a 10% fall in the greenhouse-gas emissions from American power generation between 2010 and 2012. IHS reckons gas-fired stations will be providing 33% of America’s electricity in 2020, compared with just 21% in 2008. In the next few years the benefits of fracking will become more visible in other industries, especially those, such as chemicals firms, that consume a lot of energy or use raw materials derived from hydrocarbons. European industry pays around three times

as much for its gas as its American counterpart, and Japanese firms pay more than four times as much. A report this week by the International Energy Agency, a think-tank backed by energy-consuming rich countries, predicts that by 2015 America’s energy-intensive firms will have a cost advantage of 5-25% over rivals in other developed countries.”

One should not confuse the economy with the stock market, as evidenced by the past several years of slow U.S. economic growth accompanied by a huge bull market in U.S. stocks. The 2008-2009 Fiscal Crisis changed boardroom thinking for many companies. Rather than attempting to invest for increased profit and revenue growth in a sub-par economic environment, boards opted to work through the confidence trauma by giving back profits to shareholder via higher dividend payouts and stock share buybacks. Ultimately, those decisions helped share prices as investors turned to the stock market in an attempt to capture higher rates of return as an alternative to an extremely low interest rate environment. The Federal Reserve Bank’s Quantitate Easing program of bond buying fostered low interest rates and created monetary stimulus that most analysts believe migrated to the stock market, which helped lift prices via higher Price/Earnings (P/E) ratios. Many market commentators are concerned that the rise in P/E’s could not only stop, but contract, sending the stock market into a bear market. However, if the economy starts to gain real momentum from some of the potential “tailwinds” that are stirring, then U.S. profit growth could be on the cusp of a further positive leg up, which could offset a P/E decline. Certainly risks remain and the U.S will experience market corrections along the way. But, the long-term potential payoff to the U.S. economic and financial markets remains a vital part of the equation and one that suggests there is risk to not being involved in various asset classes. The Asset Allocation for the Eastern Illinois University Foundation Endowment and related accounts, developed in conjunction with Mercer, reflects a diversified approach to meet those economic and financial market challenges. Like the indefatigable Mr. Ives, the American spirit seems to sing, “Just think you can, just think you can, just have that understood, And very soon you’ll start to say, I always knew I could.”

Respectfully,

Donald L. Gher, CFA Eastern Illinois University Foundation Investment Committee

Each year the Foundation seeks to identify potential new members. William Robinson, Chair of the Board Development Committee, is requesting your assistance in identifying candidates for the Committee’s consideration next March. Currently there are 319 Foundation members. The Bylaws allows for up to 500 general members, so your help in identifying new members is very much needed! Members serve for a term of five years, and at the end of each term the retiring class is invited to renew. At our Annual Meeting October 24, 2014 new and renewing members will be elected into the Class of 2019.

Those accepting Foundation membership should be willing to facilitate philanthropy for the benefit of Eastern Illinois University. Final nominees are selected because they are recognized friends of the University, are respected leaders in the community, and/or can encourage and promote philanthropy from others. Members become the link between the University and the community it serves and should be able to assist in identifying, cultivating, and nurturing potential donors, and opening doors that President Perry and his staff might not be able to open. We are already preparing for next year’s elections! Please send your nominations no later than Feb. 5, 2014 to:

EIU Foundation William Robinson, Chair Board Development Committee 860 W. Lincoln Ave. Charleston, IL 61920

Whether you’re an alumnus, annuitant or a community leader, your special contribution could make a significant difference in the education of Eastern Illinois University students. There are many ways members can provide support to the university or Foundation. Please let us know if you have an interest or would like to actively participate in any of the following:


Nominations for Foundation Membership

Leadership, Support and Service Opportunities

Serving as a volunteer on one of the Foundation’s committees.

Receiving more information on the university’s current campaign.

Making a gift and talking to someone about where it is needed most.

Discussing planned giving opportunities.

Formalizing an agreement specifying how a bequest in your estate is to be administered.

Donating personal property that may be of educational or artistic value to the University.

Discussing a potential gift of real estate.

Volunteering your time wherever needed, or in your preferred area of expertise.

Hosting a reception in your home, club, or office to help President Perry meet prospective donors in your area of the country.

Introducing potential donors to President Perry and his staff.

Sharing your ideas on how you can put your unique talents and resources to work for the university and its students.

Melinda Clancy Hegarty Memorial Travel Fund“All the World’s a Stage”Jeremy and Amanda Yost Fund for AthleticsGene and Dee (Carpenter) McDivitt Accounting ScholarshipEverett A.M. Lawrence & Judith K. Lawrence Accounting ScholarshipRonald A. Bouchard Management Scholarship

The Board’s Scholarships and Grants Committee added the following scholarships and funds to the Visionary Society. The donors of these endowments are providing long-term support with funds for scholarships, faculty research grants or educational and cultural enrichment programs for the University.

A donor who wishes to fund an endowment through a bequest or by making regular payments over time (e.g. through payroll deduction, automatic monthly charges to a credit card, or electronic fund transfers from a bank account), may wish to sign a Letter of Intent. This document ensures a donor that the Foundation is aware of his/her interest in establishing an endowment over time, and provides the means for a formal agreement to be written now, specifying how the endowment will benefit the University’s students, faculty or programs in the future.

Sometimes a donor prefers to give a non-endowed gift for immediate use by the University. In this case, a Memo of Understanding is written to ensure the gift is directed according to the donor’s wishes. The Board approved a memo of understanding to fund the Mike and Susan Petrik Annual Award for Excellence, Student Investment Society Annual R.I.S.E. Award, The EIU Adult Fitness Program Outstanding Graduate Annual Scholarship, EIU Track and XC Alumni Annual Scholarship, Whiteside Garden Project Fund and The Cal Smith Engagement Annual Scholarship.


The Heritage Society honors those who make the commitment to support the university, its students and its programs through planned gifts, such as bequests from their estates or by designating the EIU Foundation as the beneficiary of their IRA assets or life insurance. We often get inquiries from donors asking how to write bequests to the university.

Here is the information that you (or your professional adviser) will need to include us as a beneficiary in your last will and testament:

Eastern Illinois University FoundationFEIN 37-6031320860 W. Lincoln AvenueCharleston, IL 61920

Following is an example of appropriate language that you might use:

“I [name] of [city, state, ZIP] give, devise and bequeath [$ amount, or % with estimated $ amount, or description of property] of my estate to the Eastern Illinois University Foundation, FEIN 37-6031320, located at 860 W. Lincoln Avenue, Charleston, IL 61920, to be used for the following [scholarship, fund, program], the provisions of which are outlined in a separate agreement.”

Our Directors of Development would be pleased to work with you on drafting a gift agreement that will outline your intentions for the planned gift once your estate matures. The final document, signed by you and the Foundation, will give us specific instructions to ensure we administer your gift according to your intentions and objectives. The fully executed document will then simply be held in your file here at the Foundation until such time as your estate is settled.

Donors who make planned gifts are recognized in the Foundation’s annual Honor Roll of Donors as a member of our Heritage Society. It is your decision whether you notify us of a planned gift made in your estate plan, and whether or not you would like recognition for doing so. Membership in the Heritage Society is non-binding.

We would sincerely appreciate consideration of EIU in your estate plans! Please contact us toll-free at 1-866-581-3313 if you have any questions or desire additional information on making a planned gift.

This information is not intended as legal, tax or investment advice. For such advice, please consult a professional adviser.

Eastern Illinois University FoundationNeal Welcome Center, 860 W. LincolnCharleston, Illinois 61920-2405

Phone: 217-581-3313 Toll-free: 866-581-3313

Feb. 5 Deadline to Submit Foundation Membership NominationsFeb. 20 Board MeetingApril 11 Legacy CelebrationJune 12 Board MeetingOct. 24 and 25 Annual Meeting/Board Meeting/Homecoming Weekend

Tami J. Babbs, Interim Executive Officer

April Marchuk, Executive Assistant

Nancy Zytka, Outreach Coordinator

Phone: 217-581-3313 Toll-free:866-581-3313


Please visit the Foundation’s website, www.eiu.edu/found, to learn more about the new Board members and Committee Volunteers, and to see an updated list of Foundation members.

Has your email address changed? If so, please contact Nancy Zytka at 217-581-7388 or [email protected].

Show us your true blue colors! All across campus and the surrounding communities businesses are breaking out their EIU apparel to show their support of EIU Blue Fridays! Join in and show your school spirit every Friday by wearing blue! www.facebook.com/iameiu/photos_stream

For more information…

Dates to Remember

FoundationStaff

eiu foundation report from the board - winter 2013

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