More than 200 trustees traveling from more than 16 states helped to make the 2012 annual meeting of the K-State Board of Trustees a great success. Trustees gathered in the K-State Student Union for a day packed with information, inspiration and purple pride.
Duane Cantrell, chair of the Board of Trustees, welcomed trustees and guests and kicked off the day and the business meeting. President and CEO of the foundation Fred Cholick reported on the following fundraising highlights for FY12:
- $121 million in total gift activity; largest in history
- 13 gifts of $1 million or more
- Gifts from 51,400 alumni and friends
- 92 new scholarships: 53 endowed, 39 expendable
- 4 professorships/chairs (one endowed)
Cholick also reported on the investment return for FY12
- Investment return for fiscal year 2012 was -1.65 percent
- Endowment pool valued at more than $328 million
Part of the mission of the KSU Foundation is to promote a culture of philanthropy, and we are always working on ways to expand and enhance that aspect of our mission.
- Student-led K-State Proud has raised more than $550,000 in first six years for Student Opportunity Awards
- All-University Campaign for faculty and staff has 39 percent participation rate
- Established 1863 Circle to recognize leadership annual donors; 5,000 were recognized as members in first year; 274 trustee households are included
Committee reports
Reports from the standing committees of the foundation were given by their respective chairs. Click on the committee name to see the full report.
Governance: Stephen Lacy
Finance and Audit: Kevin Lockett
Asset Management: Richard Myers
Development: Janet Sprang Ayres
Nominating: Duane Cantrell
Comings and goings
Trustees approved new officers of the directors and trustees, elected 32 people to serve as trustees, re-nominated trustees who were eligible for new terms, and approved change of status for some trustees from active to emeritus. Read a news release announcing new trustees.
State of the University
A highlight of the meeting was an update on the state of the university by Kirk Schulz, Kansas State University president. The presentation included some inspiring video stories about K-State students faculty and staff. Watch them here: