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Murray State University Endowment Fund

Name: Murray State University

Assets Under Management: $324.3 Million (Source: Murray State University on 6/30/2013)

Annual Report: Murray State University, A Component Unit of the Commonwealth of Kentucky, Financial Statements June 30, 2013

Portfolio Insights: “The University invests approximately 96 percent of its endowment funds with the Murray State University Foundation, Inc. $1.9 million – Increase in endowment investments, including a $1.3 million increase in the stock investments and a $0.5 million increase in unrealized gains on investment.” (Source)

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Top Murray State University Endowment Fund Headlines:

1) Murray State University will soon launch a campaign with a goal of $50 million. We are honored to share with you the preliminary campaign case exploring each of the ways this campaign will transform Murray State University for generations to come. And we hope you find a role for yourself in this unprecedented philanthropic initiative. (Source)

2) Murray State University announced a $250,000 gift from alumnus Dr. Robert G. Burton Sr. and family to complete the Hall of Champions, which will highlight the university’s great collegiate athletics history. It is scheduled to open in the summer of 2015.

The 2,300-s.f. facility, “The Burton Family Hall of Champions,” will highlight men’s and women’s sports, including football and basketball, and will showcase championship teams, All-American players and Hall of Fame members.

“This gift will allow Racer athletics to fulfill a long-time dream of centralizing our recognition areas and displaying the long and distinguished history of our programs,” said Allen Ward, director of athletics. “I am indeed grateful to Dr. Burton and the Burton family for their generosity and support.” (Source)

3) Murray State University president Bob Davies’ family has given $117,000 to the university to support scholarships, academic enhancements, and other student needs.

The Davies family made the contribution after learning of the fundraising campaign led by university founder Dr. Rainey T. Wells that raised nearly $117,000 in seed funds for Murray State Normal School. The 1922 campaign committee included Rainey T. Wells, James Glasgow, Robert Broach, O.T. Hale, Nat Ryan, Thomas Stokes, and Ben Grogan. They raised the money from over 1,100 individual donations ranging from $5 to $2,500.

Davies is excited to support students with a gift that has a unique tie to the university’s history. He also stresses that the gift comes from his family has a whole.

“This is a major commitment from Cindy and Katie, too. It is important to note, in large part, we are here due to Katie’s support and commitment, and we are very pleased to be here. This is truly a great university, full of excellent students, faculty and staff, along with alumni and friends who love this institution,” Davies said. (Source)

4) Dr. Joseph (Jay) Morgan holds a B.S. in agriculture science and business, and an M.S. in agriculture science with an emphasis in teaching secondary career and technical education. He earned his Ph.D. at Oklahoma State University in agricultural education with additional coursework in management and educational leadership. Previously he served as a high school CTE teacher, president of a small company, faculty member and teacher educator, leadership program director, associate provost, and presently as Provost and Vice President for Academic Affairs at Murray State University. Dr. Morgan has been involved with teaching and leadership within both secondary and higher education, as well as career and technical education in Kentucky. He has led over 15 international study abroad programs, as well as obtaining numerous grants within his area. His University service includes terms on the Faculty Senate, the University Academic Council, the University Studies/General Education Committee, and he was elected to two terms as the University’s Faculty Regent. (Source)

5) Dr. Robert G. Burton Sr., an alumnus of Murray State University, has made a gift of $250,000 to complete the construction of Hall of Champions. The 2,300-s.f. facility, “The Burton Family Hall of Champions”, that is scheduled to open in the summer of 2015 will showcase the university’s great collegiate athletics history. The Hall will also highlight men’s and women’s sports programs including football and basketball, championship teams, All-American players and Hall of Fame members.

“This gift will allow Racer athletics to fulfill a long-time dream of centralizing our recognition areas and displaying the long and distinguished history of our programs,” said Allen Ward, director of athletics. “I am indeed grateful to Dr. Burton and the Burton family for their generosity and support,” Lanereport reports. (Source)

About Richard C. Wilson