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Auburn University & Foundation Endowment Fund

Name: Auburn University – Endowment Investment Office

Assets Under Management: $1.5 Billion (Source: Auburn University & Foundation on 9/30/2013)

Annual Report: Auburn University’s Annual Report – year ending September 30, 2013

Portfolio Insights: “Auburn’s annual financial report summarizes our financial position and activity for the fiscal year ended September 30, 2013.

During the fiscal year, Auburn updated its strategic plan, which is available on our home page. The revision is forward-looking and aggressive and developed with input from students, faculty, staff, alumni and others. It focuses our efforts around five common commitments–students, employees, research and creative scholarship, public engagement and our institutional mission.” (Source)

Our team, the Endowment Fund Association (EFA) and is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top Auburn University & Foundation Endowment Fund Headlines:

1) Auburn University Foundation manages the scholarship fund and each year our club adds funds raised, which are then matched, to this endowment fund.  We are well on our way to reaching our $1 million dollar goal with over $700,000 raised to date.  Auburn awards a student from our area a Charles D. Hudson Memorial Scholarship each year for 2/3 of out-of-state tuition and fees. Our scholarship fund pays 1/3 and Auburn waives 1/3 which in effect brings tuition cost down for the family to in-state tuition  Offering this type of scholarship to an out-of-state student is huge! We are looking at increasing the number of scholarships awarded as the fund grows.  Mr. Hudson has since passed away but his legacy now lives on. (Source)

2) Auburn University Foundation is a tax exempt organization located in Auburn, Alabama. Donations to Auburn University Foundation are tax deductible. This organization has been in operation for 54 years, which makes it significantly older than other nonprofits in the state. Auburn University Foundation has significantly larger assets when compared to other nonprofits in Alabama. This organization last reported to the IRS significantly more income than average compared to other nonprofits in Alabama. (Source)

3) The Auburn University foundation, which receives all charitable contributions made to Auburn University and Auburn University Montgomery, has appointed four new directors to its board and named a new board chair.

The new directors are Dottie Kenady Blair of Montgomery, Ronald Dykes of Atlanta, Maj. James Hoskins of Reston, Va., and Benny LaRussa Jr. of Birmingham.

They replace Owen Brown of Los Gatos, Calif., Don Logan of Birmingham, Carolyn Brinson Reed of Birmingham, and Clement C. “Bo” Torbert Jr. of Opelika. The outgoing board members’ terms on the board had expired, according to the university. (Source)

4) The Auburn University Foundation invests your initial gift, which must be a minimum of $25,000 given over a maximum five year period, and Auburn Athletics spends only a portion of the annual investment return. The remaining investment return is added back to the principle as protection against inflation. A Tigers Unlimited member who makes an endowment gift can be proud that his or her gift will grow and continue to provide support far into the future. (Source)

5) According to the Auburn University Foundation website, the Auburn organization was “established to develop, support and enhance the educational interests and programs of Auburn University.” Michael Tullier, manager for the communications and marketing department, said the foundation takes gifts and donations sent from donors and gives it to an organization within the University.

“You can designate your gift in a number of ways,” Tullier said. “You can make your donation to benefit the University, [or] you can make the donation benefit your own school.” The Auburn University Foundation board is made up of 24 donors who run the foundation.

“This isn’t just an organization that helps Auburn employees, it helps Auburn volunteers as well,” Tullier said. “Many of them give $1 million or even more than that during their lifetime.” The gifts given to the University are small and large based on the area the donors want the gifts to go to. (Source)

About Richard C. Wilson