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Fort Hays State University Foundation Endowment Fund

Name: Fort Hays State University Foundation

Assets Under Management: $156.6 Million (Source: Fort Hays State University Foundation on 6/30/2013)

Annual Report: Fort Hays State University Foundation Annual Financial Information For Fiscal Year 2013 Ended June 30, 2013

Portfolio Insights: “The Fort Hays State University Foundation (FHSUF), a separate not-for-profit organization whose primary mission is to raise funds for the University, provides direct and indirect support to the University that is not entirely reflected in the University’s Statement of Revenues, Expenses and Changes in Net Assets.

Net assets increased by $12.4 million over the previous fiscal year. This increase is primarily a result of an increase in capital assets, net of depreciation and an increase in tuition and fees mainly due to an increase in Virtual College enrollment.” (Source)

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Top Fort Hays State University Foundation Endowment Fund Headlines:

1) Fort Hays State University Foundation is a nonprofit corporation located in Hays, Kansas. Charitable donations to this organization are deductible. This organization benefits educational institutions and related activities, focusing specifically on single organization support programs. The organization IRS foundation code is a 170(b)(1)(a)(iv) organization, which means the organization operates for the benefit of a college or university and is owned/operated by a governmental unit. The technical IRS classification for Fort Hays State University Foundation is an educational organization. Fort Hays State University Foundation reported $54.2 million in assets as of year-end, making it one of the larger nonprofits. The reported income for Fort Hays State University Foundation was $33.2 million, which makes it one of the highest income nonprofits. (Source)

2) Don and Chris Bickle, long known for their philanthropy, announced today a gift of a million dollars for scholarships at Fort Hays State University.

“Don and Chris Bickle and their family have been major contributors to the community of Hays for many years, and today is no different,” said Dr. Mirta M. Martin, FHSU president. “Don and Chris recently established two scholarship funds. One will help student-athletes pay for their education, and the other will benefit Hoisington graduates.”

The Don and Chris Bickle Student Athlete Scholarship and the Don and Chris Bickle Scholarship Fund for Hoisington Graduates were established with $1 million worth of Commerce Bank stock. The annual athletic scholarship will be awarded to student-athletes who are full-time undergraduate students majoring in any curriculum at FHSU. In addition, three $500 scholarships will be awarded annually to FHSU students who are Hoisington High School alumni. (Source)

3) With the addition of Cindy Elliott and Jack Feiden, your FHSU Foundation now has a total of 41 trustees who come from five different states (Kansas, Missouri, Colorado, Illinois, and California).

Serving as a member of the FHSU Foundation Board of Trustees is more than honorary. It encourages active participation in a variety of activities contributing to the educational and financial success of Fort Hays State University and your Foundation.

Cindy Elliott, of Hays, serves as Assistant Provost for Strategic Partnerships and as Dean of Distance Learning at Fort Hays State University. In this role, she focuses on policy making, program and partnership development, and maintenance of university, community college, corporate, military, and international partnerships. She moved to Hays from Florida, thinking she would be here for five or six years. As she approaches her 16th year at FHSU, she values the commitment and constancy of Fort Hays State and the surrounding community. Hays is an “undiscovered jewel,” she said, where so much has been accomplished through collaboration. “I lived in Miami for 20 years and moved from a condo overlooking Biscayne Bay to the wheat fields and expansive blue skies of western Kansas. It was the best decision I ever made,” said Cindy. (Source)

4) The Fred C. and Mary R. Koch Foundation has given a $500,000 grant to the Fort Hays State University Foundation to create the Koch Wetlands Exhibit inside the new $4 million Kansas Wetlands Education Center at Cheyenne Bottoms near Great Bend, Kan.

The 2,000-square-foot Koch Wetlands Exhibit will feature displays on birding, hunting, farming, wildlife and more. It will include life-size silhouettes, maps, a timeline de picting the wetlands of central Kansas throughout the past 10,000 years, and wildlife viewing areas. The exhibit is scheduled to open in spring 2009 at the 41,000-acre Cheyenne Bottoms, a natural land sink that contains the largest ecosystem in Kansas. (Source)

5) The Fort Hays State University Foundation has announced a $10,000 gift to establish a new Center for Language and Culture Study Abroad Fund. The FHSU Center for Language and Culture is a collaborative effort of several campus units to offer support in the areas of foreign language improvement (including English as a second language) and education abroad advising assistance.

The goal of the new fund is to provide financial assistance for living expenses to FHSU students who participate in faculty-led study-abroad programs. It is estimated that the initial gift will benefit approximately 70 students. FHSU alumna Brenda Reeve, Garden City, made the initial contribution.

“Study abroad is a fantastic way to further a student’s education, not only by attending classes but also by experiencing life in a different country,” said Reeve. (Source)

About Richard C. Wilson