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UC Riverside Foundation Endowment Fund

Name: UC Riverside Foundation

Assets Under Management: $148.6 Million (Source: UC Riverside Foundation on 6/30/2014)

Annual Report: UC Riverside Foundation Financial Statements June 30, 2014 and 2013 (With Independent Auditors’ Report Thereon)

Portfolio Insights: “The UC Riverside Foundation (the Foundation), is governed by an independent board of trustees, the membership of which includes the Chancellor of the University. It is considered a governmental not-for-profit organization, subject to reporting under Governmental Accounting Standards Board (GASB). It was formed in December 1974 for the purpose of supporting education, research and public functions, and programs of the Riverside campus of the University of California (the University).

Total current assets increased by $425,000 during the fiscal year ended June 30, 2014, and $2.4 million during the year ended June 30, 2013. These increases in current assets are primarily due to an increase of cash and cash equivalents and current pledges receivable.” (Source)

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Top UC Riverside Foundation Endowment Fund Headlines:

1) University of California President Mark G. Yudof announced today (July 25) that he has selected former Michigan State University Provost and Executive Vice President Kim A. Wilcox to serve as the ninth chancellor of the University of California, Riverside.

Wilcox, 59, professor of communicative sciences and disorders at Michigan State University, announced late last year that he would step down as provost and executive vice president on July 1 after serving in those positions since 2005. Previously, he had served as dean of the College of Liberal Arts and Sciences at the University of Kansas, from 2002 to 2005, and as president and chief executive officer of the Kansas Board of Regents from 1999 to 2002. (Source)

2) The University of California Board of Regents appointed Janet Napolitano, secretary of the U.S. Department of Homeland Security and a two-term governor of Arizona, as the 20th president of the University of California. The appointment was made on July 18.

Napolitano, the first female president in UC’s 145-year history, succeeds Mark G. Yudof, who steered the university through the depths of California’s financial crisis that led to sharp cutbacks in state support for public higher education.

Yudof, 68, served for more than five years and will remain on the job until Napolitano begins her tenure in late September. Napolitano was appointed during a special meeting of the board following a recommendation by the regents’ special search committee last week. (Source)

3) John Dunham, a graduate student alumnus of the University of California, Riverside, has donated $100,000 to his former department, Earth Sciences.  The donation will help support field-based work of faculty, graduate students, and undergraduates in the department.

Dunham, who had a 34-year career in petroleum geology, made the donation in the name of his Ph.D. advisor, Emeritus Professor Michael Murphy.

Dunham attributes his professional success to the guidance he received from Murphy.

“Mike was patient with me while we worked out in the field, and he was always sure to let me know what he thought I could do better,” said Dunham, who graduated with a doctoral degree in geological sciences in 1977. (Source)

4) The Rotary Club of Riverside has donated $20,000 to UC Riverside’s Operation Education, the largest contribution to date for the scholarship program that helps honorably separated U.S. military veterans with service-related injuries to earn their college degree.

Supported entirely by private donations, Operation Education supplements GI Bill funding and provides assistance for financial, education and social needs of disabled veterans and their families.

“The Rotary Club of Riverside has a long history of supporting youth and education through scholarships and other programs,” said J. Terrence Moynihan, a local attorney who just completed a yearlong term as president of that organization. “Our club members are attracted to Operation Education because it is a well-focused program that fills a clear education need in our community.” (Source)

5) Paul J. D’Anieri, dean of the College of Liberal Arts and Sciences at the University of Florida, has been named Executive Vice Chancellor and Provost of UC Riverside, it was announced today by UCR Chancellor Kim. A. Wilcox.

The appointment will assign the post to D’Anieri on July 1, 2014 following the retirement of current EVC/Provost Dallas Rabenstein.

D’Anieri is a political scientist whose expertise is in Eastern European and post-Soviet affairs. His textbook, International Politics: Power and Purpose in Global Affairs, is in its third edition [Thomson Wadsworth] and has been called the first truly student-oriented text in the field. He has served as dean and professor of political science at Florida since 2008. In that post, D’Anieri heads the largest academic unit of the university, with more than 600 faculty members responsible for teaching the majority of the university’s core curriculum to at least 35,000 students each year. (Source)

About Richard C. Wilson