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Southern Illinois University Foundation Endowment Fund

Name: Southern Illinois University Foundation

Assets Under Management: $151.9 Million (Source: Southern Illinois University Foundation on 6/30/2011)

Annual Report: The Southern Illinois University Foundation Financial Statements Years Ended June 30, 2011 and 2010

Portfolio Insights: “The Southern Illinois University Foundation (the Foundation) was established in 1942 to solicit, receive, hold, and administer gifts from private sources for educational purposes. The Foundation provides alumni and other friends a means to invest in the future of their University.

The Foundation’s endowment consists of multiple individual funds established for a variety of purposes. The endowment includes permanent endowments only. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by the board of directors to function as an endowment, are classified and reported based on the existence or absence of donor imposed restrictions.” (Source)

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Top Southern Illinois University Foundation Endowment Fund Headlines:

1) The Southern Illinois University Foundation, established in 1942, provides alumni and other friends a means to invest in the future of their University. Our mission is to maximize private support for Southern Illinois University Carbondale to assist the University in achieving its long-range goals. The SIU Foundation is an independent, nonprofit corporation that exists solely to serve the educational, service and research missions of SIU Carbondale.  It is a designated 501(c)(3) organization.  The Foundation has appropriate approval from the Internal Revenue Service to issue tax deductible receipts for private gifts received to support Southern Illinois University Carbondale. (Source)

2) Philanthropy is a critical part of the growth and development of the Southern Illinois University School of Medicine. Gifts for scholarships, research, education and patient care provide a means to engage alumni, parents, friends, and organizations in supporting the School’s mission: “To assist the people of central and southern Illinois in meeting their health care needs through education, patient care, research and service to the community.” The SIU Foundation’s Springfield Office collaborates with private donors, foundations and businesses to achieve the School of Medicine’s strategic priorities as support for students, faculty and research. (Source)

3) The SIU Foundation takes it stewardship responsibility very seriously. Our Board of Directors oversees financial and investment operations. The Audit Committee plans and oversees the annual independent audit. The Investment Committee formulates the investment policy, interprets that policy to the Foundation’s investment managers, and oversees implementation of that policy. The Foundation Board employed BKD as our independent auditing firm and Fund Evaluation as an investment consultant. (Source)

4) The SIU Foundation Board of Directors has, through its Investment Committee, adopted two investment policy statements: (1) Endowment Statement relates to contributions with long-term benefit objectives, those monies set aside and designated by the Board as quasi-endowments or term endowments, and gift annuities. (2) Unrestricted Statement relates to contributions in the form of non-endowed funds. The Endowment/Annuity Pool is managed according to the State of Illinois’ Uniform Prudent Management of Institutional Funds Act, and, in a manner consistent with the investment objectives stated below. (Source)

5) A three-degree alumnus who enjoyed a 33-year career as an associate professor has never forgotten the impact that Southern Illinois University had on his life.

Steven Spaner earned a bachelor of arts degree in psychology in 1966 and master of science in education and doctor of philosophy degrees in educational psychology in 1969 and 1970, respectively, all from SIU. He subsequently commenced a tenure spanning more than three decades as a faculty member at the University of Missouri – St. Louis, where his teaching focused on statistical methods, research design, and measurement and evaluation.

His research foci were varied as he teamed up with many colleagues and professionals throughout his career. Spaner’s work ranged from a longitudinal study of birth traumas on early childhood development, started while he was a doctoral student; to international comparisons of test anxiety in elementary school age children, longitudinal effects of pregnancy resolution choices among Danish women, and client understanding of chronic venous disease. (Source)

About Richard C. Wilson