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University of Northern Iowa Foundation Endowment Fund

Name: University of Northern Iowa Foundation

Assets Under Management: $100.2 Million (Source: University of Northern Iowa Foundation on 6/30/2011)

Annual Report: University of Northern Iowa Foundation Combined Financial Report June 30, 2011

Portfolio Insights: “The University of Northern Iowa Foundation (Foundation) is organized and operated exclusively for educational and scientific purposes. It is authorized to accept, hold, administer, invest and disburse monies for the direct benefit of the University of Northern Iowa (the University).

Investments are managed by the Foundation Treasurer and external managers, in accordance with the Board’s policy. The Foundation’s endowment funds consist of numerous individual funds established to support the mission of the University. These funds include both donor-restricted endowment funds and funds designated by the Foundation’s Board of Trustees to function as endowments.” (Source)

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Top University of Northern Iowa Foundation Endowment Fund Headlines:

1) The University of Northern Iowa Foundation endowment saw a return of 17.4 percent exceeding its goal of 15.3 percent and finished fiscal year 2007 valued at $55.8 million.

Iowa spent 5 percent of its endowment in fiscal year 2007, while Iowa State spent 4.6 percent and Northern Iowa spent 3.24 percent. The foundations use different formulas for determining payouts, but they usually involve an average of several years. (Source)

2) Mark and Jill Oman of Des Moines have committed $1.1 million to the University of Northern Iowa Foundation. The endowed fund will be used to support the UNI Annual Fund and two scholarships.

The Omans have established the Don and Jo Fuerhoff Scholarship for students from Iowa or Nebraska who are majoring in teacher education or a program that leads to teacher certification. The Mark and Jill Oman Scholarship will benefit students who are majoring in or intend to major in the College of Business Administration.

Mark Oman graduated from UNI in 1976 and recently retired as the senior executive vice president of Wells Fargo & Company. Jill Oman is a 1985 UNI graduate.  Mark noted, “UNI will always be a very special place for my wife and me. It gave us an outstanding education in business and in the liberal arts, preparing us for successful and satisfying careers and lives. We hope our gift will enable future students to enjoy the same educational advantages that we found at UNI.” (Source)

3) The University of Northern Iowa Foundation launched its crowdfunding program, PAWprint, on Wednesday, August 27. PAWprint is designed to empower the student organization community to raise funds for the projects and events they’re passionate about.  The program will provide groups with the training, tools, and technology necessary to raise charitable funds in partnership with the UNI Advancement Division.

Campaigns will be “live” for 30 days, and the success of projects is dependent on the social capital of the student groups. There are no costs or fees to launch a campaign, and all funds a campaign raises are designated directly to the organization’s account. The platform’s lead projects are the Panther Marching Band’s trip to London and University of Northern Iowa Veterans’ Association. (Source)

4) A former top executive with Wells Fargo and his wife are committing $1.1 million  to the University of Northern Iowa Foundation. UNI Vice President for University Advancement Bill Calhoun says he’s not surprised by the gift from Mark and Jill Oman. “Mark and Jill Oman are both graduates of UNI and have been long time supporters of the university,” Calhoun says. “Their most recent gift will be used to establish scholarships in the College of Business and for teacher education majors here at the university.”

Mark Oman graduated from UNI in 1976 and recently retired as the senior executive vice president of Wells Fargo & Company. Jill Oman is a 1985 UNI graduate. The Oman gift is part of the Focus on Students: UNI Scholarship Initiative, a $40 million, five-year campaign to support current and future students attending the campus in Cedar Falls. (Source)

5) The University of Northern Iowa Foundation grows and sustains private resources and builds relationships to support the University of Northern Iowa, its students, faculty, staff and programs.

The UNI Foundation is committed to providing a growing source of private funding and partnerships to enable the University of Northern Iowa to achieve its vision. (Source)

About Richard C. Wilson