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Colorado School of Mines Foundation, Inc. Endowment Fund

Name: Colorado School of Mines Foundation, Inc.

Assets Under Management: $270.2 Million (Source: Colorado School of Mines Foundation, Inc. on 6/30/2014)

Annual Report: Colorado School of Mines Financial Statements and Independent Auditor’s Report Financial Audit Years Ended June 30, 2014 and 2013

Portfolio Insights: “This financial discussion and analysis of the Colorado School of Mines (the School) is intended to make the School’s financial statements easier to understand and communicate the School’s financial situation in an open and accountable manner. It provides an objective analysis of the School’s financial position (Statements of Net Position) and results of operations (Statements of Revenues, Expenses, and Changes in Net Position) as of and for the years ended June 30, 2014 and 2013 (Fiscal Years 2014 and 2013, respectively) with comparative information for Fiscal Year 2012. School management is responsible for the completeness and fairness of this discussion and analysis and the financial statements, as well as the underlying system of internal controls.” (Source)

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Top Colorado School of Mines Foundation, Inc. Endowment Fund Headlines:

1) March 9, 2012 – Colorado School of Mines Foundation, Inc. is expanding and enhancing its development staff in preparation for a major fundraising campaign and is seeking an assistant vice president to work with advancement staff to cultivate, grow and maximize the resources that allow the school to fulfill its mission in earth, energy and environment. This position is responsible for leading and managing a comprehensive program of broad-based partnerships between private institutions and Colorado School of Mines.

This position will lead and manage the corporate and foundation relations team and seek to expand opportunities for developing comprehensive corporate partnerships with Mines as it relates to philanthropy, research or recruitment. It will require working closely with the school’s administration, academic department heads and other campus leaders to shape and establish strategies and procedures for marketing Mines to the corporate community. Emphasis is given to the development of strong and productive relationships with the provost, the vice president for research and the vice president for strategic initiatives. The position will be responsible for soliciting charitable gifts from corporate and foundation prospects typically rated $1M and up, with a focus on expanding this prospect base to provide support for a prioritized series of institutional needs. (Source)

2) Oct. 12, 2010 – The Colorado School of Mines Foundation announces the appointment of Hugh E. Harvey, Jr., executive vice chairman of the board for Intrepid Potash, Inc., and Timothy J. Haddon, president and CEO of INRMC, to its Board of Governors.

Founded in 1874, Colorado School of Mines was established to serve the needs of the local mining industry. Today, the school has an international reputation for excellence in both engineering education and the applied sciences with special expertise in the development and stewardship of the Earth’s resources. (Source)

3) The Colorado School of Mines Foundation is tasked with looking at the goals of the campaign and ways to raise private philanthropic and nongovernmental research funds for the school. “Our job is to really match up the university’s needs with donor interest and passions,” Brian Winkelbauer, executive vice president for the CSM Foundation, said. The school has raised $94 million in gifts and commitments and $61 million in private industrial research since the campaign was launched in July 2010.

4) The Colorado School of Mines has received a $26.9-million gift from technical-ceramics firm CoorsTek to develop a new center for engineering and applied science, The Denver Post reports. The facility will be named for the Golden, Colo., company, which is owned by the Coors family and produces ceramics for a variety of technologican and industrial uses.

About $20-million of the gift will go toward the 95,000-square-foot building, covering nearly half its construction budget. The remaining funds will be used to equip the new center and establish a research fellowship program. CoorsTek CEO John Coors, a great-grandson of brewing magnate Adolph Coors, is a graduate of the college. (Source)

5) The Colorado School of Mines Foundation is expanding and enhancing its development staff in preparation for a major fund-raising campaign and is seeking experienced and highly motivated professionals to join its team. Our culture requires teamwork, a can-do attitude, perseverance, optimism and the ability to think strategically and creatively. (Source)

About Richard C. Wilson