the ohio state university foundation 2010 annual report

2 2010 AnnuAl RepoRt

the ohio StAte univeRSity FoundAtion 2010 AnnuAl RepoRt

July 1, 2009 ‑ June 30, 2010

1the ohio StAte univeRSity FoundAtion 1

Students and visitors explore the new Ohio Union on opening day, March 29, 2010. More than 1,200 donors came together to raise over $7 million for the project.


Ohio State’s time is now. We are a confident, strong University of bold innovation, vast imagination, great commitment, and unlimited

promise. I am filled with unparalleled optimism: for our University’s future; for our mission of discovery; for the students we teach and nurture; for our alumni, partners, and friends; for our communities, our state, and our nation.

In the midst of significant global economic challenges, we are fortunate to have steadfast supporters who believe in Ohio State. As the nation’s most comprehensive University, we are uniquely poised to turn students into leaders, research into progress, and ideas into realities. It is private giving, as always, that powers those life-changing achievements.

In moving the University forward, we maintain our strong sense of purpose and our momentum toward the institution’s larger principles—effective collaboration and active engagement that change the world. At the end of each day, we ask ourselves what we have done to advance Ohio State’s great potential. With your help, we achieve exciting results. And, together, we are creating the University of the American Dream.

Your investment and involvement are critical to the institution’s remarkable progress. And I can assure you this: We never lose sight of the fact that you are the catalyst turning these possibilities into realities.

Sincerely,

E. Gordon GeePresidentThe Ohio State University

3the ohio StAte univeRSity FoundAtion

Above, Gordon Gee and Brutus Buckeye make guest appearances as students and staff perform a “flash mob” (a seemingly impromptu group performance) at the new Ohio Union in May. The crowd-pleasing dance was choreographed by Ohio State students and became a YouTube sensation. Enjoy the YouTube video at: www.youtube.com/user/TheOhioUnion

At left, Ohio State students show their Buckeye pride atop Yosemite National Park’s Half Dome.


Every year, Ohio State relies increasingly on private -donations to provide the highest-quality

educational and research opportunities for our students and faculty. In fiscal year 2010, 144,016 alumni and friends gave more than $215 million to Ohio State. Buckeyes continue to demonstrate loyalty that is second to none.

Your faith in Ohio State means everything to this great institution. Thank you.

—John B. Gerlach, Jr.Chair, The Ohio State University Foundation

Board of Directors

Philanthropic Receipts by Gift Type

Cash & Securities $78,505,440

Real Estate 382,051

Gifts-in-Kind 4,864,784

Pledge Receipts 33,310,869

Revocable Planned Gift Receipts 15,219,843

Irrevocable Planned Gift Receipts 437,479

Private Grants 82,727,919

Total Philanthropic Receipts $215,448,385

Philanthropic Receipts by Donor Type

Number of Donors

Alumni 65,302 $38,980,865

Non-Alumni 71,401 30,414,484

Corporations & Corporate Foundations 4,719 81,846,083

Private Foundations 822 28,576,809

Associations & Other Organizations 1,772 35,630,144

Total Donors/Philanthropic Receipts 144,016 $215,448,385

Philanthropic Receipts by Purpose*$215,448,385

Faculty and Staff Support

4%

Unrestricted University and Unit Discretionary

5%

Program Support21% Student Financial

Support17%

Physical Facilities Operation and Maintenance

6%

Research47%

Total Number of Donors and Philanthropic Receipts

FY06 115,723 Donors $212.4 M

FY07 121,177 Donors $229.4 M

FY08 115,914 Donors $242.5 M

FY09 119,048 Donors $242.7 M

FY10 144,016 Donors $215.4 M

* Philanthropic receipts include outright gifts, pledge payments, planned gift payments, and charitable grants. New pledge balances and new deferred gift balances are no longer included in The Ohio State University Foundation Annual Report.

Private Grants38%

Current Use46%

Endowment16%

Buckeyes show Their LoyaLTy


Geoffrey S. Chatas

Geoffrey S. Chatas was appointed senior vice president

for Business and Finance and chief financial officer of

The Ohio State University in February 2010.

Mr. Chatas came to Ohio State from JP Morgan Asset

Management where he was a managing director.

Prior to JP Morgan, Mr. Chatas spent most of his

career focused on the energy and aviation sectors.

As CFO at Progress Energy, he was responsible for

corporate development, including asset acquisition

and disposition. At American Electric Power (AEP),

he was responsible for corporate and project finance

and directed investments in infrastructure assets

in North America, Europe, and Asia. Mr. Chatas

oversaw the financial aspects of AEP’s investments in

infrastructure assets including electricity generation

and distribution assets in the United Kingdom,

the United States, and Australia. Prior to joining

AEP, Mr. Chatas worked in the banking industry.

Mr. Chatas earned a bachelor of arts in economics

from Georgetown University, a master's degree

from Oxford University, and a master of business

administration from INSEAD, an international

business school in France.

The Long-Term Investment Pool (LTIP) of The Ohio State University, which you helped build, finished a strong year in

fiscal year 2010. The year started three months after the equity markets had bounced off the bottom and experienced a strong upsurge throughout much of the fiscal year. That reversed again over the last two months of the year when markets retrenched, taking the luster off of what had been a superior 12-month period. Our portfolio finished the year with an investment return of 15.5%, which significantly exceeded our benchmarks. We believe that when all of the University returns are tabulated, Ohio State will have finished in the top quartile of our peer group. This is ahead of the plan we set at the formation of the Investment Office in 2008. We look to continue to build on the efforts we have made so far to provide above-market returns from the portfolio within a risk-controlled framework.

The new asset allocation that was put in place at the start of the fiscal year worked well for us. We were able to reduce overall

Jonathan Hook (left) with Geoffrey Chatas, who was appointed Ohio State’s senior vice president for Business and Finance and chief financial officer in February 2010.

portfolio risk yet earn a good return and maintain a safe amount of liquidity to safeguard against another market meltdown. We continue to rebuild the LTIP with the underlying principles of combining better long-term returns and better risk management for sustained growth.

Fiscal year 2011 will undoubtedly be challenging again for the investing markets. Multiple headwinds are present which will make investing profits difficult to earn in the upcoming year. Our team is focused on being exceptional stewards of the funds which are entrusted to us. We assure you that we will work extremely hard to provide another good return for the LTIP. We appreciate working for this great University, and we look forward to continuing to grow this pool for the benefit of all Ohio State Buckeyes.

—Jonathan D. Hook Vice President and

Chief Investment Officer


Inflation Hedges 11.6%

Market Exposure

37.4%

Risk Reducers

33.4%

Return Enhancers

17.6%

Current Asset Allocation Model as of June 30, 2010

Total Returns for Fiscal Year 2010 20%

15%

10%

5%

0%

-5% Ohio State S&P 500 MSCI Barclays Long-Term Index EAFE Capital U.S. Investment Index Aggregate Pool Bond Index

15.5% 14.4% 5.9% 9.5%

Long-Term Investment PoolMarket Value & Distribution by Designated Use

(Gifted Endowment Funds Only) as of June 30, 2010

FY10 Distribution % of Total Distribution

Chairs, Professorships & Eminent Scholars $17,714,785 26.8%

Public Service 1,347,711 2.0%

Scholarships, Fellowships & Loans 17,934,648 27.2%

Research 7,850,847 11.9%

Administrative Support 4,846,829 7.3%

General Educational Support & Libraries 16,349,911 24.8%

Total $66,044,731 100.0%

Ohio State has been named by Foundation & Endowment

Money Management as the “Best Large Non-Profit of the Year,” an award that encompasses all endowments and foundations with endowment funds in excess of $1 billion. Nominees and winners are selected by the editors of Foundation & Endowment Money Management newsletter—a leading publication covering the business of U.S. non-profit investing—with input from subscribers and industry professionals.

See Endowed Funds insert for further explanation of endowed funds management, accounting, and reporting.

Historical Long-Term Investment Pool Distribution

FY85 $8

FY90 $16

FY95 $27

FY00 $46

FY05 $64 $14 $78

FY09 $67 $25 $92

FY10 $66 $34 $100

Gifted Endowment Long-Term Operating Pool

Millions of Dollars

The BesT


unresTricTed GiVinGFlexible Funds Keep Ohio State Strong

Each year, thousands of alumni and friends of The Ohio State University make contributions to the colleges, causes, and campuses to which they feel a connection.

In addition to this targeted support, Ohio State also relies on an annual base of unrestricted and discretionary funds to support a wide variety of University, college, and unit programs, special projects, new research initiatives, and individual students.

The University Fund is a primary example of this annual un-restricted support, providing Ohio State with the flexibility to address unexpected opportunities and respond immediately to areas of greatest need as determined by the University president and provost. University Fund gifts allow Ohio State to provide a world-class, affordable education and to sustain excellence in the classroom, in the laboratory, and in campus and community collaborations.

In fiscal year 2010, University Fund distributions supported scholarships and fellowships, student leadership and alumni programs, facilities, research, and faculty and staff enrichment.

“I believe that unrestricted giving is an important element of my philanthropy to The Ohio State University because I respect the judgment of President Gee and Provost Alutto to know the greatest needs of our University community,” said Martin Murrer (BS, 1979, Business Administration), vice chair of The Ohio State University Foundation Board of Directors. “Unrestricted gifts create a powerful resource for positive and necessary change at the University.”

Gifts entrusted to The University Fund help make Ohio State a global leader in higher education and research, as well as the vibrant, vital institution beloved by Buckeyes around the world.

Unrestricted University and Unit

Discretionary 5%

$11.9M

Martin Murrer(BS, 1979, Business Administration) Vice ChairThe Ohio State University Foundation Board of Directors

8 2010 AnnuAl RepoRt8 2010 AnnuAl RepoRt

It’s 3 a.m. during finals week and the lights are still on inside The

Younkin Success Center. That’s because this 60,000-square-foot facility, which recently celebrated ten years of collaboration centered on student needs, is open 24/7—a quiet study retreat and source of help when students need it most.

The Younkin Success Center was named in honor of the late Floyd Younkin, thanks to a lead gift from his family, including Irene, his wife of nearly 60 years. According to Irene Younkin, Floyd believed

strongly that our future depends on the education of young people. A gift focused on helping Ohio State students achieve academic success was a meaningful way to honor Floyd's life and their family’s passion for Ohio State.

Irene and Floyd Younkin, both natives of Pickaway County, Ohio, started their family business during World War II. Their business began as an enterprise to provide temporary housing for soldiers arriving in Columbus for training at Fort Hayes and Lockbourne Air Force Base. Although the Younkins anticipated that the demand for the housing they offered would be eliminated once the war was over, the opposite turned out to be true. In response to an increasing demand for permanent housing following the war, they established Greenlawn Trailer Sales in 1947. Today, three generations of the Younkin family work together at Greenlawn Homes providing permanent affordable housing and a welcoming community for many families throughout Central Ohio.

Several members of the Younkin family attended Ohio State, and all have a longstanding love of Buckeye football. Floyd and Irene’s son, Ronald, recalls missing only three home football games since 1950.

Department of Athletics staff members introduced the Younkins to the University idea for a team approach to student support. The family’s subsequent gift created The Younkin Success Center, which opened in 2000 and has provided thousands of students with academic support, counseling, and career planning services.

The Younkin Success Center is a partnership between the Offices of Academic Affairs and Student Life, the Department of Athletics, and the College of Education and Human Ecology. All undergraduate and graduate students can come to The Younkin Success Center to access these resources that support their Ohio State education.

According to David Graham, director of Student-Athlete Support Services, “The Younkin name has become synonymous with student success at Ohio State. Having student-athlete services integrated into larger university student services is rare compared to other institutions, and the collection of so many

coLLaBoraTinG for sTudenT success

Irene Younkin with son Ronald, left, and Ohio State Athletic Director Gene Smith at the inaugural Oval Society celebration.

The Younkin Success Center, 1640 Neil Avenue, provides Ohio State students with academic support, counseling, and career planning services.

9the ohio StAte univeRSity FoundAtion 9the ohio StAte univeRSity FoundAtion

Inside The Younkin Success Center• More than 1,000 students participate in First-Year

Experience Success Series workshops offered by the Walter E. Dennis Learning Center.

• All enrolled students are eligible for ten free counseling sessions per academic year from Counseling and Consultation Services, which includes a staff of psychologists, psychiatrists, professional counselors, and social workers.

• Currently enrolled students are eligible for the free services from Career Connection, including individual and group career counseling, an optional career development class, and job search assistance.

• Faculty and graduate teaching assistants can learn of new resources to strengthen their teaching from workshops offered by the University Center for the Advancement of Teaching.

• More than 900 student-athletes from 37 athletic teams have access to designated academic counselors through the Student-Athlete Support Services Office.

important resources under one roof has made all the difference in the lives of students—student-athletes and non-athletes alike.”

Irene Younkin is proud of the Center that honors her late husband’s philosophy about the importance of investing in young people. She recalls the day a bank employee recognized her name on a check and asked if she was related to the people whose name was on The Younkin Success Center at Ohio State. Irene smiles as she remembers the encounter. “I was so proud when this young woman told me that her Younkin Success Center experiences changed her life.”

Physical Facilities Operation and Maintenance

6%$13.5M


The late Captain Forrest Biard, USN (Ret.), (MS, 1953, Physics), whose hobbies included photography, translating

Japanese history books, and studying astro-particle and quantum physics, was an extraordinary member of the Buckeye family. Natural curiosity and passion for learning were hallmarks of his life.

After proving to be a linchpin in the Allied victory in World War II, Biard came to Ohio State to pursue a master’s degree in physics. “Few people realize how near the United States came to defeat in the early months of the war in the Pacific,” says Lieutenant Jon Houp, USNR (Ret.), a close friend of Biard’s. “Many historians believe the Japanese would have prevailed had it not been for an elite group of naval officers working in the basement of the 14th Naval District Administration Building

in Honolulu.” Biard was among these officers, cryptanalysts, and crypto-linguists who deciphered the Japanese code book, allowing the U.S. and its allies to win the Battle of Midway and go on to victory in the war. In his book, Double-Edged Secrets, Captain Jasper Holmes wrote, “Had I not witnessed it, I never would have believed that any group of men was capable of such sustained mental effort, under such constant pressure, for such a length of time.”

At Ohio State, Biard studied magnetic resonance, the technology eventually developed into Magnetic Resonance Imaging (MRI). At the time, Biard did not know how his research would be used, but was sure of its importance. Biard’s education was interrupted when he was again called to serve his country as the operations officer for the first hydrogen bomb test. He later returned to Ohio State and completed his master’s degree in physics in 1953.

Although his time at Ohio State was a brief part of his rich history, Captain Biard chose to leave his legacy at Ohio State through a bequest to establish The R. Jack and Forest Lynn Biard Lecture Series in Astro-Particle Physics Fund (honoring

Captain Biard's legacy is named for his parents, R. Jack and Forest Lynn Biard, shown here surrounded by their children on Forrest's (first row, center) first trip home from Annapolis. “I owe everything to my parents,” he said.

Friends and family gather with Captain Biard (seated, center) for his 90th birthday celebration in Dallas, Texas.

Above is one of Captain Forrest Biard's favorite photos, taken while on the Island of Cyprus during WWII.

LecTureship reaLizes donor’s dream


his parents) and The Captain Forrest R. Biard Undergraduate Research Scholarship Fund in Physics. Sherry Poston, Biard’s stepdaughter, remembers Biard as a “humble, unassuming man who believed in his country, in education, and in giving back.” Biard’s generosity to Ohio State promotes in others his fundamental thirst for knowledge.

The 2009 Biard Lecture included a screening of BLAST!, which follows cosmologist Dr. Mark Devlin and his team of scientists on an adventure from Arctic Sweden to Canadian polar bear country. The group launched a revolutionary telescope under a NASA high-altitude balloon to explore the formation of the galaxies. Physics Department Chair James Beatty hails the Biard Lectureship as “a wonderful opportunity to bring the excitement of this research to Central Ohio.”

BLAST! conveyed “the kind of adventure we encounter daily in our research in a compelling way,” says Dr. Beatty. He adds, “Captain Biard’s gift reflects the sense of adventure and service with which he lived his very full and fascinating life.”

When asked what Biard would think about last year’s lecture, Poston said, “He would have been astounded but not surprised.” She notes that Biard was “always one to think outside the box.” The BLAST! project and film exemplified innovation sparked by the natural curiosity that Captain Biard held dear.

The annual lectureship includes both academic and public events, realizing Biard’s dream that the University and community at large see the universe and learning as he did—limitless.

Faculty and Staff Support

4%$7.6M

The BLAST! screening in the Physics Research Building Atrium was brought to The Ohio State University through the R. Jack and Forest Lynn Biard Lecture Series in Astro-Particle Physics Fund.


On the bank of the Whetstone River, Trella Romine (right) and Colleen Garland, assistant vice president, University Development, admire snowdrops at Terradise, Romine’s picturesque woodland home near Caledonia, Ohio.

For 94 years, Trella Romine has been growing things, and she’s not about to stop now. In fact, Marion County’s grande

dame of history and horticulture recently planted $50,000 at The Ohio State University at Marion in a new “portable” scholarship with the intent of growing young minds for generations to come. It’s a story of lives intertwined through a love of nature, music, and history.

As a child during the Depression, Trella watched her father grow gladiolus flowers in vacant lots around Marion. They became so popular, the family began selling the showy blooms from their front porch in the mid 1930s. That led to a business in Marion, Hemmerly’s Flowers & Gifts, which Trella eventually operated.

The Depression that sparked an interest in horticulture also kept Trella from attending college. But it didn’t keep her from learning, reading, writing, and following a passion for history. A founding member of the Marion County Historical Society, Trella has written five books on local history and helped edit 15 more.

In 1953, Trella and her second husband, Ray Romine, bought 18 acres near Caledonia, Ohio—picturesque woodland bisected by the Whetstone River that, further south, becomes the Olentangy River flowing gently through the Ohio State Columbus Campus. Trella and Ray called the property “Terradise”—their own piece of heaven on earth.

Within a year, however, Ray Romine would succumb to cancer, leaving Trella with two children from her first marriage and 18

acres of land to maintain. Enter Howard Howser, her son’s former school band instructor. Howard had cared for his aging mother until her death, and then found himself without a place to live once the family farm was sold in the estate settlement. Trella had a spare room and a lot of gardening to be done. Howard found stability and a renewed purpose under her roof. The partnership was not romantic—Trella didn’t have time for that. Her children were now grown; she had the family business to run and 18 acres to oversee. Trella managed Howard’s accounts and taxes. He provided the labor and care Terradise demanded. Their partnership lasted 20 years—a true symbiosis.

Howard Howser lived out his years peacefully at Terradise. He died in 1993 and left his worldly possessions—a checking account and savings bonds—to his longtime friend, Trella Romine.

As she did so many years before with her father’s gladiolus flowers, Trella nurtured Howard’s funds and used them to grow those things closest to her heart. She has created endowments to benefit the Marion County Historical Society and to care for the portion of Terradise which she has since turned into a public nature preserve.

In the 1970s, Trella encouraged biologist and Professor Larry Yoder at the Ohio State Marion campus to examine grasses adjacent to the railroad tracks running near her home. They turned out to be remnants of the tall grass prairie that once covered much of Ohio. She and Professor Yoder collected seeds and established an 11-acre prairie preserve on Ohio State’s

GrowinG a LeGacy


Nancy Hutchison Richard (BS, 1958, Human Ecology) remembers the day her fiancé, Harold “Hal” Richard (BS,

1959, Agricultural Education), agreed to take over the vegetable farm where he worked while substitute teaching. “Now I’m marrying a farmer!” she thought. But the Richard family would travel far beyond the farm during Hal’s four decades of advocacy for American farmers.

These days, Nancy travels annually from her home in Iowa to The Ohio State University to meet undergraduates as they compete for scholarship opportunities, including the Harold I. Richard Agricultural, Environmental, and Development

Economics Scholarship. Created in Hal’s memory in 1999 with generous gifts from the Farmers Commodities Corporation, Nancy, and family and friends, Hal’s scholarship has distributed $60,000 to 20 scholars over 10 years, with two additional scholars beginning studies this autumn.

Nancy looks for charisma, foresight, leadership, and initiative in these scholars; qualities that served Hal well as the American Soybean Association’s European director in Belgium, and as president and CEO of the Farmers

Commodities Corporation (now FCStone Group Inc.), one of the largest corn and soybean traders on the Chicago Board of Trade.

Allison Specht (BS, 2005, Agriculture; MS, 2007, Agricultural Economics) understands the importance of carrying forward Hal’s legacy. Allison grew up a fourth generation Buckeye on her family’s dairy farm in Tuscarawas County. She was awarded the Harold I. Richard Scholarship in 2001.

“When I met Mrs. Richard that day, I was shaking from sheer gratitude and humility. Someone believed in me, my dreams, and what I could contribute to the agricultural field,” she said. “From that point on, I felt a great responsibility to the Richard family. I wanted to prove to be a worthy investment.”

The Richard Scholarship allowed Allison to focus on studies and leadership activities, including the John Glenn School of Public Affairs’ Washington, D.C., Internship Program. Today Allison serves America’s farm, ranch, and rural families as an economist with the American Farm Bureau Federation, and she is an active member of The Ohio State University Alumni Club of Greater Washington, D.C.

“Receiving the Harold Richard scholarship was truly one of the most humbling experiences of my life,” Allison affirms. “It is now my responsibility to ‘pay forward’ and help other Buckeyes.”

Promoting Service and Leadership: The Harold I. Richard Scholarship

Marion Campus—used today as a living laboratory by scores of biology and botany students. Trella used more Howser dollars to help establish a fund to care for the prairie, The Ohio State University Marion Campus Prairie Nature Education Center Endowment. A new shelter house on the preserve will be named in her honor.

And, within the last year, Trella completed her commitment to establish the Trella Hemmerly Romine/Howard W. Howser Endowed Scholarship Fund that can be used at the Marion campus or move with students to the Columbus campus or other Ohio State facilities. “I wanted to give students the chance I didn’t get to attend college,” she said. The first of the Romine/Howser scholars should arrive at Ohio State Marion in the fall of 2011—nurtured by the green thumb of Trella Romine.

Student Financial Support

17%$36.5M

Allison Specht(BS, 2005, Agriculture; MS, 2007, Agricultural Economics)

The late Hal Richard (BS, 1959, Agricultural Education) and wife Nancy (BS, 1958, Human Ecology)


If the buzz in Central Ohio sounds more melodic lately,

you can thank Jack (PhD, 1984, Music) and Zoe Johnstone. They are putting the music they love in the spotlight at Ohio State and around Columbus.

Jack and Zoe, longtime friends of the arts in Central Ohio, founded the Johnstone Fund for New Music at The Columbus Foundation in 2008. New music is a genre that the Johnstones “prefer not to define…

though it is in the continuum of so-called classical music.” Instead, they want people to be creative and imaginative about music. The Johnstone Fund commissions new works, helping musicians and composers stretch their limits. To introduce new music to wider audiences, the compositions are performed for the first time in a community setting.

In May 2010, the Johnstone Fund sponsored a well-attended concert of contemporary classical music in Columbus’ Goodale Park. The New Music Collective, an ensemble of Ohio State student and faculty musicians, performed a selection of 20th and 21st century compositions. Guest artists Carpe Diem String Quartet premiered Central Ohio composer Mark Lomax’s String Quartet. When they began the Fund for New Music, the Johnstones envisioned just such community collaboration: local composers and musicians promoting the growth of new music and its audience.

In the fund’s latest project, Jack and Zoe have commissioned works from four Ohio State faculty composers. A School of Music ensemble will debut the works at each of the next four Ohio State University Contemporary Music Festivals. The 2011 Festival will feature the first of these new works, a piece for The Ohio State University Wind Symphony by Professor Jan Radzynski. Works by Professors Donald Harris, Marc Ainger, and Thomas Wells will premiere in subsequent years.

The Johnstones also support the Contemporary Music Festival through the School of Music Advancement Fund, helping to bring internationally-acclaimed composers—Augusta Read Thomas (2010), Jennifer Higdon (2009), Osvaldo Golijov (2008), and Gunther Schuller (2007) to name a few—to campus as featured artists. During the festival, Ohio State music students are immersed in the resident composer’s body of work, transcending traditional classroom learning.

Jack and Zoe offer music students another rich learning experience with the Johnstone Woodwind Master Series. Each year, the School of Music pays tribute to one of the five woodwind instruments with a weekend of events including a celebratory concert, a student composition competition, a teacher award, the premiere of a commissioned work, and master classes with a guest artist. Bassoonist Arthur Weisberg (2006), flutist Robert Aitken (2007), clarinetist D. Stanley Hasty (2008), and oboist Joseph Robinson (2009) were guest artists in past years; this year’s guest artist is saxophonist Joseph Lulloff.

Donald Harris, director of the Contemporary Music Festival and former dean of the College of the Arts, says Jack and Zoe’s partnership with the School of Music began in 2000 with the Johnstone Graduate Award for Excellence in Musicology. At the School’s Honors Convocation, Harris mentioned the need for an award in musicology. That conversation led to the

Jack (PhD, 1984, Music) and Zoe Johnstone

Members of New Music Collective and Carpe Diem String Quartet in concert at Goodale Park

oLd friends make new music


very first Johnstone endowment at Ohio State, which awards a graduate musicology student for scholarly achievement and supports student research.

The Johnstones are committed to invigorating the learning experience at the School of Music, especially through financial support for students. Their desire to help Ohio State music students began during Jack’s days as a doctoral candidate studying musicology in the early 1980s. Twenty years later, they established their first endowment. Jack and Zoe continue to give because they “really appreciate the energy and creativity of the faculty and students” at the School of Music. What’s their goal in giving? “Excitement!”

Program Support39%

Program Support21%

$45.2M

Honoring the Human-Animal Bond Grief is like being lost. The familiar things we relied on to live each day are gone.

—From Coping with the Loss or Death of a Companion Animal by Jennifer Brandt, MSW, LISW, PhD

On a Saturday in June 2010, 130 people gathered quietly on the campus of The Ohio State University Veterinary Medical Center, each grieving the loss of a companion animal. They shared experiences and listened as veterinary residents and staff discussed the importance of acknowledging and honoring the human-animal bond.

This was the second annual Companion Animal Remembrance Ceremony, part of The Ohio State University Veterinary Medical Center’s Honoring the Bond Program, a unique outreach service made possible in part through an endowment created in 2004 by the Schoedinger family, providers of funeral services in Central Ohio for more than 150 years.

“When my family began Schoedinger Pet Services, we witnessed the strength of the bond between people and their animals,” said Randy Schoedinger (MBA, 2001), CEO of Schoedinger & Co. “We regularly consoled and helped people heal while many around them didn’t understand the depth of the loss. Through the innovative Honoring the Bond program at Ohio State, people with pets—and the professionals who help them—are gaining a better understanding of that bond and how to help when a loss occurs.”

Program Coordinator Joelle Nielsen (MSW, 1998) first learned about Honoring the Bond during the terminal illness of her cat, Kino. Program founder Dr. Jennifer Brandt was a much-needed source of solace and information, and Joelle knew she wanted to be part of the program. Today, Joelle is an active member of Ohio State’s multi-disciplinary veterinary team, providing emotional support and information for people facing a crisis in the life of a beloved pet.

Honoring the Bond also provides veterinary students with specialized training in communication skills so critical to quality care. The program also serves as a field training/internship site for graduate social work students.

Joelle sees herself as an advocate for people. “A big part of it is educating owners—helping them know what to expect, to explore different approaches and outcomes. And to know that what they are feeling is normal and OK.”

Joelle Nielsen (MSW, 1998), LSWHonoring the Bond program coordinator

Randy Schoedinger (MBA, 2001) CEO Schoedinger & Co.


Lady beetles are more than cute little red and black spotted bugs. Often referred to

as “ladybugs,” they are the official state insect of Ohio and essential predators that munch on soft-bodied crop and garden pests; nature’s remedy for the pests that can get to our lettuce and tomatoes before we do.

Lady beetle populations are declining throughout the Midwest, and Mary Gardiner, assistant professor of Agricultural Landscape Ecology at Ohio State’s Agricultural Research and Development Center (OARDC), wants to know why. Native Ohio lady beetles have been especially hard-hit by the decline. “The loss of these species is a threat to our insect biodiversity, and to the pest control these species provide,” said Gardiner.

Harnessing the resources of 180 volunteers throughout Ohio, Gardiner launched the Buckeye Lady Beetle Blitz—a veritable bug census—in summer 2009. Through this citizen-science experiment, volunteers collect lady beetles by placing sticky traps at home and community gardens during one week in June and another in August.

Buckeye Lady Beetle Blitz was started through an OARDC SEEDS grant, which provides support that allows researchers to develop the necessary preliminary data that will help them secure external funding.

“Donations have been absolutely critical to this work,” said Gardiner. “They enable us to coordinate data from hundreds of volunteers, all of which will ultimately have a direct impact on Ohio agriculture.” She adds, “Especially in just the second year of the project, when donations come in, it feels like a huge vote of confidence—like someone outside the laboratory has noticed that this is important work.”

“We don’t know why the populations of lady beetles are declining in Ohio—whether it’s competition or predation from the exotic lady beetles species, changes in landscape or pesticide use,” explained Gardiner. “The data gathered through the Buckeye Lady Beetle Blitz program helps us understand the current state of the lady beetle populations, and it will help provide answers for how we can improve their numbers, especially in agricultural areas.”

A lady beetle identification card provided by the Buckeye Lady Beetle Blitz program helps volunteers identify which of the many species of native and introduced beetles they have found. As simple as it seems, there are nuances in the insects’ body shape, color, and number of spots that can make the identification a challenge. Some lady beetles, in fact, are no larger than a pinhead.

Gardiner reviews the lady beetle samples that are returned to her to verify the findings and analyze the data. From there,

Ohio State researchers are working to determine why Ohio’s lady beetle populations are diminishing.

Buckeye Lady BeeTLe BLiTz


she is able to piece together a bigger picture of the lady beetle population in Ohio.

In the first year of the program, a mildew-eating lady beetle native to Ohio was identified most often by Blitz volunteers. This particular species is a farmer’s and gardener’s friend, as it consumes a powdery mildew that can attack plants. Results from the recent 2010 Blitz will augment these findings and help to guide the plans for conservation efforts.

Research47%

$100.7M

Top Ten in Research Ohio State stands out among our country's top research universities in the breadth, scope, and excellence of its research programs. Ohio State’s funded research programs contribute significantly to the University’s more than $4 billion annual economic impact. The University's sheer size and depth make Ohio State a leading force of innovation and change—locally, nationally, and globally.

• Ohio State currently ranks among the top ten U.S. public research institutions.

• Ohio State ranks second nationally in industry-sponsored research, based on research expenditure data gathered annually by the National Science Foundation.

• Ohio State leads the country in the number of new fellows named by the American Association for the Advancement of Science with 17 Ohio State faculty and staff recognized among the 2009 class.

• Ohio State houses more than 80 centers that gather researchers around a particular focus area, such as The Ohio State University Comprehensive Cancer Center, the Byrd Polar Research Center (Ohio State’s longest-standing center), and the Center for Lake Erie Area Research at Stone Laboratory.

• Ohio State faculty are leading science and innovation with world-class research in global climate change, materials, infectious disease, cancer, electromagnetics, agbioproducts, and biomedical imaging. Multidisciplinary teams from 14 different colleges combine expertise and perspective to address complex technological and social issues.

• Strategic partnerships with business and industry help address global challenges; an example is Ohio State’s participation in the State of Ohio's Third Frontier Program, an initiative to grow Ohio's expertise in targeted high-tech economic sectors. Ohio State has more than 300 active partnerships with industries around the nation and the world.

• 540 undergraduates presented 498 projects in the 15th Annual Richard J. and Martha D. Denman Undergraduate Research Forum in May 2010. The Denman Forum showcases outstanding student research and encourages all undergraduates to participate in research as a value-added element of their education.

• The 24th annual Edward F. Hayes Graduate Research Forum was also held in May 2010. Co-sponsored by the Council of Graduate Students, the Graduate School, and the Office of Research, the Hayes Forum provides a significant professional development experience for graduate students, encouraging them to share their research with the academic community and recognizing outstanding graduate scholarship.


Office of Academic AffairsThe Ohio State University Alumni Club – Hawaii Scholarship FundEthel Louise Armstrong Foundation Endowment FundCritical Difference for Women Endowed Scholarship FundMolly B. Demuth Memorial Scholarship FundJudith Fountain Critical Difference for Women ScholarshipAnita and Michael Goldberg, Rite Rug Company and its Founder, Duke Goldberg, Endowment Fund for Wexner Center Children and Family ProgramsLeesa Hall and Donald M. Kurdziel Family FundBarton and Regina Holl Scholarship FundAlva L. Jones and Hester Murray Jones Scholarship FundRandy Kerns Endowed Scholarship FundMOWS Scholarship FundJoseph J. Murphy and Virginia R. Murphy Scholarship FundSamuel L. and Nancy L. Faulkner Ponn Land Grant Opportunity Scholarship FundMargaret Weaver Schifter Scholarship FundTri-County OSU Alumni Club FundAudrey and Robert White Scholarship Fund

College of Arts and SciencesBrahms FundRobert P. Caren Family Endowment FundChemistry Lecture FundAnna Rebecca and Robert H. Katz Endowment FundLarge Binocular Telescope Operating Endowment FundPhyllis and Richard Leet Endowed Chair Fund in ChemistryThe Ohio State University Men’s Glee Club Alumni FundLeo A. and Estelle I. Paquette Faculty Research FundLeo A. Paquette Workshops in Organic Chemistry FundRandall Ripley Fund in Political ScienceSchool of Earth Sciences Field Experience Travel FundGary L. Sharpe Scholarship Fund in GeographySheldon Shore Lecture Fund in ChemistryStairway to Heaven Scholarship Fund

Department of AthleticsDonald and Betty Black Athletic Scholarship FundBill and Gwen Buschman Athletic Scholarship FundDayton Freight Athletic Scholarship FundCharles and Myrna Fazio Athletic Scholarship Fund

Dr. James R. Karpac Athletic Scholarship FundAnna Rebecca and Robert H. Katz Endowment FundLauterjung Family Athletic Scholarship FundJim and Suzanne McNulty Athletic Scholarship FundShealy Family Athletic Scholarship FundSTJ – ElSi Athletic Scholarship FundThomas Family Basketball FundChuck and Barbara Webb Athletic Scholarship Fund

Max M. Fisher College of BusinessH. Keith Allen Family Unrestricted Endowed FundCindy Coykendale FundRuann F. Ernst and William C. Riffle Endowed Scholarship FundJohn and Bebe Finn MBA Scholarship FundHrusovsky Family Excellence Award FundHarry T. Mangurian, Jr. Foundation Professorship Fund in BusinessStephen and Martha Mehallis Dean’s Innovation FundRandall C. and Peggy North Mosher Family Scholarship FundJohn A. Russell Chair for Communication ExcellenceJohn A. Russell MBA Scholarship Fund

College of DentistryDr. George D. Boston Endowed Diversity Scholarship Fund in DentistryDental Class of 1971 Memorial Scholarship FundDr. Randall Lonsbrough Family Endowment FundDr. William J. Meyers Endowed Chair in Endodontics Chester J. Rockey Endowment FundDr. Ernest Svensson Lecture Fund

College of Education and Human EcologyMargaret and Charles Evers Endowed Scholarship Fund for Education and Human EcologyJudy VanDemark Lindamood and Robert Lindamood Family Scholarship FundDale E. and Bernice E. Mansperger Endowment Fund for the College of Education and Human EcologyDavid and Donna Shreiner Endowed Fund for Family and Consumer Science Education Scholarship Fund

College of EngineeringRobert W. Adams Memorial Scholarship Fund in Chemical and Biomolecular EngineeringDaniel W. and Janet Schleppi Harmon Scholarship Fund

New Endowed Fundsestablished July 1, 2009, through June 30, 2010


Austin E. Knowlton Memorial Scholarship FundMarkworth-Woolley Scholarship Fund in Materials Science and EngineeringRoss Family Scholars FundHubert Schmidt Chair in Landscape ArchitectureKeith and Jane Smith Engineering Excellence FundWelding Engineering Alumni Scholarship Fund

College of Food, Agricultural, and Environmental SciencesBirkenholz Leadership Award FundArley Duff Blankenship Memorial Fund at Stone LaboratoryClifton Kerns (C.K.) Elliott and Edward Oxley Elliott Undergraduate Leadership Endowment FundFranklin County Farm Bureau Endowment FundGordon E. Gatherum Memorial FundEdgar J. Grand Horticulture Scholarship FundDan Kush Gwynne Conversation Area Educational FundJonard Family Scholarship FundDale E. and Bernice E. Mansperger Endowment FundMiami County 4-H Endowment FundWilbur V. and Frances L. Moore Memorial Scholarship FundL.H. and Beverly Newcomb Alpha Zeta Partners Study Abroad FundOARDC Outlying Agricultural Research Stations Endowment FundOhio State Fair Hall of Fame Band and Choir Scholarship Endowment FundKathleen Retzler Memorial 4-H Endowment Fund for Clermont CountyDonald Schuerman Scholarship FundShelby County 4-H Endowment FundStone Laboratory Tuition Reduction FundRoy Wallace Memorial Fund for Beef Center Student HerdsmenPat R. and Melena S. Whittington Undergraduate Teacher Education Scholarship Fund

John Glenn School of Public AffairsMajor Ray Mendoza Endowed Scholarship FundMajor Ray Mendoza Endowed Scholarship Fund III

Arthur G. James Cancer Hospital and Richard J. Solove Research InstituteJohn M. Bowsher Memorial FundWendy Zuckerwise Ritter Endometrial Cancer Research Fund

College of Medicine and Office of Health SciencesAnn Crowe Essig Patient Simulation Learning Lab FundMedical Class of 1969 Scholarship Fund in MedicineOSU Ultrasound Academy FundLynne Allen Wallace Scholarship Fund in Sports Physical Therapy

Michael E. Moritz College of LawFrost Brown Todd Scholarship FundThomas E. Workman Scholarship Fund

College of NursingClass of 1963 Endowed Nursing Scholarship FundAnna Rebecca and Robert H. Katz Endowment FundDr. Sylvia Anderson Price Scholarship FundConnie Hahn Sharpe Nursing Student Fund

Office of Student LifeSphinx Centennial Leadership Suite Endowment FundU.S. Bank Student Organization Endowment Fund

College of OptometryThe Spirit of ’76 Fund

College of PharmacyGerald J. Hudec Scholarship FundLloyd M. Parks and Irene M. Parks Professorship FundDr. Popat N. Patil Endowed Scholarship FundReam Family Endowed Scholarship FundNorman J. Urestky Graduate Award FundThe Suzanne Meyers Widing and Christopher G. Widing Scholarship Fund

Regional Campuses

Lima CampusVirginia I. Zirkle Scholarship Fund for The Ohio State University at Lima

Marion CampusLaurel K. Leffler Scholarship FundLowe Family Scholarship Fund

Newark CampusDr. Paul E. Panek Memorial Scholarship Fund

College of Social WorkDr. Carol J. Greco-Delaney Endowed Scholarship FundKenneth E. and Lynette O. Hoehn Endowed Scholarship Fund

College of Veterinary MedicineBil-Jac Veterinary Nutrition Scholarship FundDr. Neil Perrel Endowed Scholarship FundDr. Earl O. and Karen O. Strimple Human Animal Bond Fund

University LibrariesAnne and Ray Groves Rare Book FundBruce and Jane Walsh Endowed Fund

WOSUAmerican Electric Power Foundation Endowment for the WOSU Digital Media Center Fund


THE OHIO STATE UNIVERSITY BOARD OF TRUSTEES

ChairLeslie H. Wexner

Vice ChairDouglas G. Borror

THE OHIO STATE UNIVERSITY FOUNDATIONBOARD OF DIRECTORS

ChairJohn B. Gerlach, Jr.

William E. ArthurPatricia E. AveniJohn W. Berry Jr.Chih-Ming Chen

Edwin M. CoopermanLoann Crane

John W. Creighton Jr.Samuel B. Davis

Susan Schottenstein DiamondJane Fawcett-Hoover

Barbara K. FergusRay J. Groves

Edward E. HagenlockerJole Harmon

Robert C. HummelEdgar W. Ingram IIIWilliam M. IsaacAlexis A. JacobsCharles Klatskin

James D. KlingbeilDavid T. KollatZell Kravinsky

H. Frederick Krimendahl IICheryl L. KruegerWilliam G. LowrieJohn E. Lucks Jr.Robert E. Martini

Keith MondaLou Ann Moritz Ransom

W. Ray PersonsFloradelle A. PfahlCorbett A. Price

Robert F. ReuschéDavid A. Rismiller Sr.

Patricia A. Duke RobinsonRalph A. Rockow

David J. RyanJohn J. Schiff Jr.

Betty F. SchoenbaumJean R. SchottensteinBarbara C. Trueman

William D. WellsIris S. Wolstein

Robert L. Wright Jr.

Annual Report CoordinationOffice of Donor Relations

Cathy Carson, Associate DirectorAnn Parkinson, Manager Megan Laurent, Donor Reporting SpecialistDavid Lewis, Coordinator, Financial Stewardship

DesignBrian Deep

Contributing Writers:Jane CarrollCathy CarsonDave ClabornAlice DuncansonAmy FairMarie GibbonsMegan LaurentAmanda Smith

Photos Courtesy of University donors, University Photography, University Development Marketing Communications, college and administrative units

Office of Donor Relations Dana Booth, Senior Director

Office of Marketing CommunicationsVince McGrail, Senior DirectorJenny Grabmeier, Director of Communications

AcknowledgementsSpecial thanks to all those who helped compile the information for this report including: Office of Financial Services, Office of Investments, Fiscal Officers, Office of Student Financial Aid, and University Development staff.

Alan W. BrassJohn C. FisherBrian K. Hicks

W. G. JurgensenLinda S. Kass

Clark G. KelloggAlgenon L. MarbleyWalden W. O’DellRonald A. Ratner

Janet B. ReidRobert H. Schottenstein

Alex ShumateJeffrey Wadsworth

G. Gilbert Cloyd, Charter TrusteeAlexis L. Swain, Student Trustee

Brandon N. Mitchell, Student Trustee

See this report online at: www.giveto.osu.edu/2010foundationreport/

Vice ChairsRuann F. Ernst

Martin C. Murrer

PresidentDr. Andrew A. Sorensen

Office of University Development

Dr. Andrew Sorensen, Senior Vice PresidentSpecial Assistant to the President for Advancement

Floyd Akins, Senior Associate Vice President

Eileen Bertolini, Associate Vice President

Brian Hastings, Associate Vice President

William Mountcastle, Associate Vice President


Endowment Opportunities

Support for Undergraduate Students

Merit Scholarships

Presidential Scholarship ......................................................................................$750,000

Medalist Scholarship ........................................................................................... $375,000

Maximus Scholarship ...........................................................................................$125,000

Morrill Scholarships

Distinction Scholarship ........................................................................................$750,000

Prestige Scholarship .............................................................................................$425,000

Excellence Scholarship ....................................................................................... $375,000

Access Scholarships

Land Grant Opportunity Scholarship ................................................................ $500,000

Student-Athlete Scholarships

Full Scholarship ..................................................................................................... $500,000

Tuition Scholarship ............................................................................................... $300,000

Athletic Scholarship ..............................................................................................$150,000

Support for Graduate and Professional Students

Named Student Funds

Graduate Fellowship ......................................................................................... $1,000,000

Graduate Award .................................................................................................... $500,000

Graduate Student Assistance Fund .....................................................................$50,000

Support for Faculty and Teaching

Named Faculty Funds

Dean’s Chair ........................................................................................................ $3,500,000

Chair ......................................................................................................................$2,000,000

Professorship ..................................................................................................... $1,000,000

Distinguished Visitor ............................................................................................ $600,000

Dean’s Leadership Fund .......................................................................................$100,000

Other Types of Support

Named Funds

Restricted Fund ........................................................................................................$50,000

Unrestricted Fund* ..................................................................................................$25,000

* Spending authority resides with the president, provost or dean.


Questions or comments may be directed to:

Office of Donor RelationsThe Ohio State University1480 West Lane Avenue

Columbus, OH 43221‑3938

Email: [email protected]

Phone (toll‑free) (800) 678‑6412 or (614) 292‑2441

the ohio state university foundation 2010 annual report

Documents

ohio state students

new ohio union

university returns

comprehensive university

strong year

fiscal year

ohio states great potential

loyaltyphilanthropic