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Pittsburg State University Foundation, Inc. Endowment Fund

Name: Pittsburg State University Foundation, Inc.

Assets Under Management: $162.6 Million (Source: Pittsburg State University Foundation, Inc. on 6/30/2012)

Annual Report: Pittsburg State University Annual Financial Report For the Fiscal Year ended June 30, 2012 Pittsburg, Kansas

Portfolio Insights: “The Pittsburg State University Foundation, Inc. is an independent, not-for-profit organization, whose primary mission is to raise funds for the University, provide 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. Expense items paid on behalf of the University by the Foundation include expenses such as travel, supplies, equipment, books, and construction. Total University support provided by the Foundation was approximately $2.3 million and $3.4million in 2012 and 2011, respectively. The Foundation’s financial statements are not included in the accompanying financial statements of the University.” (Source)

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

1) Feb 5, 2015 – The PSU Foundation announced the selection of its new interim president and CEO on Thursday. Kathleen Flannery has been named interim President and CEO of the Pittsburg State University Foundation, Inc. The move comes following last Friday’s announcement that Flannery had been appointed as the interim Vice President for University Advancement. “Our board members have a great deal of respect for Kathleen,” said PSU Foundation Chairman Charlie Myers in a press release. “She’s proven herself to be a strong and successful leader.” Flannery, who previously served as Executive Director of University Development, expressed excitement about her new position. “I’m honored to have this opportunity,” said Flannery. “The progress Pittsburg State has experienced in recent years is, in no small part, due to the incredible support it receives from private donors and the stewardship provided by the PSU Foundation.” (Source)

2) Pittsburg State University Foundation Incorporated is a tax exempt organization located in Pittsburg, Kansas. Donations to Pittsburg State University Foundation Incorporated are tax deductible. This organization has been in operation for 61 years, which makes it significantly older than other nonprofits in the state. Pittsburg State University Foundation Incorporated has significantly larger assets when compared to other nonprofits in Kansas. This organization last reported to the IRS significantly more income than average compared to other nonprofits in Kansas. (Source)

3) Pittsburg State University’s 2006 Community Campaign will kick off with a breakfast at 7:30 a.m. on Monday, March 6, in the Overman Student Center on the PSU campus. The chairpersons of this year’s campaign, “Partners in Progress,” are Melissa Cedeno from Steffen Michael’s Floral and Dennis Crain of American Concrete, Co.

The Community Campaign is an annual program designed to solicit gifts for student scholarships and academic needs on campus, and is part of an overall private fund-raising program that last year raised more than $11 million to support the university.  The money raised helped the Pittsburg State University Foundation award more than $1.7 million in scholarship aid to students last year. (Source)

4) The PSU Foundation has one mission—to support Portland State University. Over 10,000 donors contribute millions of dollars every year to support the University’s students, faculty, programs and facilities. Current fundraising priorities include student scholarships and School of Business Administration and Viking Pavilion and Academic Center renovations.

Created in 1963, the PSU Foundation raises philanthropic gifts, invests them responsibly, and stewards them in accordance with donors’ wishes. Effective July 2014, Portland State University transferred its development responsibilities to the Foundation—creating a single entity responsible for philanthropy to the University. Under the direction of Foundation President/CEO Françoise Aylmer, $104 million has been raised over the last four years, more than tripling private funds to the University and increasing its endowment by $20 million. (Source)

5) As President and CEO of the Pittsburg State University Foundation, Dr. Brad Hodson oversaw the growth of the fund’s total assets from $36 million in 2006 to $91 million in 2014 – a 150% increase through a mix of success in major gift fundraising and endowment investment performance. For his leadership in these accomplishments, PSU received two national CASE Circle of Excellence Awards for Fundraising. (Source)

About Richard C. Wilson