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East Tennessee State University Endowment Fund

Name: East Tennessee State University

Assets Under Management: $438.7 Million (Source: East Tennessee State University on 6/30/2013)

Annual Report: East Tennessee State University’s Financial Report 2012-2013

Portfolio Insights: East Tennessee State University’s annual financial report presents a discussion and analysis of the financial performance of the university during the fiscal year ended June 30, 2013, with comparative information presented for the fiscal years ended June 30, 2012.

The ETSU Foundation’s endowment consists of 488 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Directors to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board of Directors to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. (Source)

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Top East Tennessee State University Endowment Fund Headlines:

1) East Tennessee State University received $9.8 million in private annual giving during 2010-2011 from alumni and friends.  This includes $6.8 million contributed to the ETSU Foundation, which includes $1.4 million in planned gifts, and $3.0 million from private gifts and contracts by the university faculty and staff.  Thanks to our alumni, friends, public-private partnerships, and our faculty and staff, who continue to enrich the “Margin of Excellence,” ETSU is able to benefit our students and the people of our region through quality teaching, research, and service. (Source)

2) Dr. William R. Duncan is the Vice Provost for Research and Sponsored Programs at ETSU. “We’re looking forward to working with PMG and the ETMR staff. Their experience in attracting and managing clinical trials will complement our clinical expertise and greatly facilitate the participation of ETSU faculty in this line of research.” (Source)

3) East Tennessee State University is an accredited American university located in Johnson City, Tennessee.  ETSU is part of the Tennessee Board of Regents system of colleges and universities, the nation’s sixth largest system of public education, and is the fourth largest university in the state.  ETSU has off-campus centers in nearby Kingsport and Elizabethton, Tennessee. (Source)

4) ETSU President Dr. Paul E. Stanton Jr. recently announced the establishment of the Mary B. Martin School of the Arts with a $1 million naming endowment created by James C. “Jim” Martin.

Martin, a Johnson City resident, donated funds to the ETSU Foundation to endow the school in memory of his wife, who earned her B.A. degree in chemistry from ETSU while working at East man Chemical Co. in Kingsport. Mrs. Martin enjoyed numerous creative endeavors throughout her life, including sewing and interior decorating, and the Martin family also appreciated both music and storytelling performances. Stanton said, “The university is fortunate to have a wide array of academic programs encompassing the visual, performing and literary arts, such as theater, dance, story-telling, digital media, graphic design, and a variety of music genres, as well as painting, photography and others. (Source)

5) Chelsea Kinser and Hannah Hasch were thrilled when East Tennessee State University’s president announced Thursday a $3 million gift to kick-start fundraising for a fine and performing arts center and new arts initiative at their school.
“We are so excited, not only for our generation but for the upcoming generations that are going to be involved in this program,” Kinser said. “Our facilities are not what they should be. We need more and we’re finally getting more.”
Kinser, a senior, and Hasch, a junior, are both majoring in theater and minoring in dance. The students were among those in attendance Thursday at the Millennium Centre when ETSU President Brian Noland announced that Jim Martin has given $3 million toward the construction of a new fine and performing arts center, something Noland said has been discussed as a needed aspect of ETSU since at least 1986. “Today begins the next step in a more than 30-year dream for ETSU and the citizens of East Tennessee,” Noland said. (Source)

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