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Emporia State University Foundation, Inc. Endowment Fund

Name: Emporia State University Foundation, Inc.

Assets Under Management: $107.1 Million (Source: Emporia State University Foundation, Inc. on 6/30/2011)

Annual Report: Emporia State University Foundation’s Annual Financial Report Fiscal Year 2011

Portfolio Insights: “The Foundation is an independent, not-for-profit organization whose primary mission is to raise funds for the University and to provide direct and indirect support to the University that is not entirely reflected in the University’s Statements of Revenues, Expenses and Changes in Net Assets. Expense items paid on behalf of the University by the Foundation include expenses such as salaries, construction, equipment, books, supplies and travel. During the year ended June 30, 2011, and June 30, 2010, the Foundation made payments to the University of $1,284,359 and $1,338,412 respectively.” (Source)

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Top Emporia State University Foundation, Inc. Endowment Fund Headlines:

1) A desire to help college students who might struggle to find scholarships and give them an incentive to remain in Kansas communities is the reason the Emporia State University Foundation has received $100,000 from the Goppert Foundation. The Goppert family’s continued generosity was celebrated Wednesday with a bell-ringing reception in the Memorial Union’s Webb Lobby. This new gift significantly boosts the size of the Goppert Foundation Scholarship Endowment Fund, which was established by a similar gift in 2009. The fund has already helped defray educational costs for 22 Emporia State students. “This additional support from The Goppert Foundation allows us to help even more students achieve their dreams to obtain a college education,” said DenaSue Potestio, president/CEO of the ESU Foundation. The Goppert family was represented at Wednesday’s celebration by Joseph A. Smith and Joshua M. Smith, chairman and vice president, respectively, of the Goppert State Service Bank. (Source)

2) Dr. Michael Shonrock is the 16th president of Emporia State University. The Kansas Board of Regents voted this morning to approve the appointment then officially introduced Shonrock and his wife, Karen, during a special meeting at Albert Taylor Hall on the ESU campus. Shonrock plans to begin his presidency Jan. 3, 2012.

“The Board is proud to announce that Dr. Michael Shonrock will be the next Emporia State University president,” said Regent Ed McKechnie of Arcadia, Chair of the Board of Regents. “He rose to the top of an exceptional field of candidates, and we’re extremely impressed by his experience, enthusiasm and passion he will bring to ESU and the Emporia community. The Board looks forward to working with Dr. Shonrock and celebrating the success of ESU.”

Shonrock has served as a Senior Vice President and an Associate Professor of Educational Psychology and Leadership at Texas Tech University. He began his higher education administration career at Texas Tech University in 1990. He has held various leadership positions with increasing levels of responsibility and oversight in the area of Enrollment Management, Student Affairs, and Auxiliary Services. Shonrock earned a B.S. and M.S. from Western Illinois University, his Ed.S. from Pittsburg State University, and his Ph.D. from the University of Kansas. (Source)

3) Dr. David P. Cordle, dean of the College of Arts and Sciences at University of North Carolina Wilmington, will assume his duties as provost and vice president for academic affairs by July 1, according to Dr. Michael D. Shonrock, president of Emporia State University, who offered the position to Cordle on Tuesday.

As provost, Cordle said, he will take on the traditional role of providing internal leadership for the university while also having an external focus, a part of the Emporia State position that was attractive. “I enjoy fundraising; I enjoy external advocacy for academic programs and advocacy for students,” Cordle said. “To me, that’s a part of what a provost does.”

Cordle visited the Emporia State University campus April 3 through 5. During his visit, he met with the search committee, administrators and members of the campus and Emporia communities, including faculty, staff and students. The new provost described that visit as a way for both him and the campus community to determine whether they were good fits for each other. (Source)

4) The Foundation assistant director of development for athletics supports the core values of the Emporia State University Foundation and assures quality services to students, faculty, staff, parents, outside organizations and communities. He/she is a leader, talented fund-raiser, mission-oriented, and philanthropic-minded.

The Emporia State University Foundation supports the University in its private fundraising and charitable efforts for the purpose of supplementing and enhancing University programs, activities and educational opportunities. (Source)

5) The Emporia Phi Delta Theta Alumni Chapter partnered with the Emporia State University Foundation in 2013 to launch an initiative to build its existing local endowed scholarship from $42K to $145K by the chapter’s 45th anniversary celebration in June of 2014. Recently, undergraduate brothers were joined by Foundation development officers to produce appeal videos to round-out the Sound Learning & Leadership Fund drive initiative. The $100K goal is 83% met through one-time gifts and five year pledges from 11% of the alumni roster. This Kansas Epsilon scholarship initiative is part of the University’s Now & Forever Major Campaign. (Source)

About Richard C. Wilson