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UNLV Foundation Endowment Fund

Name: UNLV Foundation

Assets Under Management: $289. 6 Million (Source: UNLV Foundation on 6/30/2014)

Annual Report: Financial Statements and Report of Independent Certified Public Accountants University of Nevada, Las Vegas Foundation June 30, 2014

Portfolio Insights: “This section of the University of Nevada, Las Vegas Foundation’s (the “UNLV Foundation”) annual financial report presents our discussion and analysis of the financial performance of the UNLV Foundation during the fiscal year ended June 30, 2014. This discussion has been prepared by management along with the financial statements and related footnote disclosures and should be read in conjunction with, and is qualified in its entirety by, the financial statements and footnotes.

The UNLV Foundation is a 501(c)(3) nonprofit corporation whose mission includes the cultivation, solicitation, stewardship, and management of gift revenues for the benefit of the University of Nevada, Las Vegas (“UNLV” or “University”); management of endowment and short-term assets on behalf of UNLV and participation as appropriate and as requested in other activities to assist UNLV.” (Source)

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Top UNLV Foundation Endowment Fund Headlines:

1) The University of Nevada, Las Vegas (UNLV) and the UNLV Foundation had another successful fundraising year in fiscal year (FY) 2013. During the year, individuals, corporations, and foundations contributed $33,063,048 to UNLV and the UNLV Foundation in gifts, gifts-in-kind, and gifts of service.

In addition, the UNLV Foundation also received approximately $3.1 million in gift commitments and $1 million in estate gift commitments not counted in the number above. The UNLV Foundation typically does not count these commitments in formal reports or other materials because the standard practice nationally is not to do so. Nevertheless, it is worth noting that, for the fiscal year, the combined total of gifts received combined with gift commitments is over $37.1 million. (Source)

2) A group of students at the University of Nevada-Las Vegas (UNLV) is asking the former secretary of state – and presumed 2016 presidential frontrunner– to give back a $225,000 speaking fee she is set receive for appearing at a school fundraiser this fall.

The uncomfortable request comes as Clinton’s personal wealth is being scrutinized following a series of clumsy  remarks – that her family was “dead broke” upon leaving the White House and that she and husband Bill Clinton aren’t “truly well-off” compared to the richest Americans. Clinton, whose family is worth tens of millions, has since conceded the comments were “inartful,” but her opponents on the right have pounced, pointing to the interviews as evidence that she’s out of touch with ordinary people. (Source)

3) The UNLV Foundation earned 49 million in its last fiscal year and ended up with $228 million in assets, according to its publicly available tax return. Clinton also addressed the American public’s possible reluctance to get involved in conflicts around the world, referring to the threats posed by the Ebola virus and the ISIS terror army. ‘They want to bring the fight to Europe and the fight to the United States,’ she said of the terrorist group. (Source)

4) The University of Nevada, Las Vegas is a research institution committed to rigorous educational programs and the highest standards of a liberal education. We produce accomplished graduates who are well prepared to enter the work force or to continue their education in graduate and professional programs. Our faculty, students, and staff enthusiastically confront the challenges of economic and cultural diversification, urban growth, social justice, and sustainability. Our commitment to our dynamic region and State centrally influences our research and educational programs, which improves our local communities.

Our commitment to the national and international communities ensures that our research and educational programs engage both traditional and innovative areas of study and global concerns. UNLV’s distinctive identity and values permeate a unique institution that brings the best of the world to our region and, in turn, produces knowledge to improve the region and world around us. (Source)

5) The University of Nevada, Las Vegas (UNLV) today announced a $7 million gift from Las Vegas Sands Corp. (LVS) to the William F. Harrah College of Hotel Administration. The gift will support construction of a new hotel college academic building and boost executive education opportunities through a proposed Center for International Hospitality and Gaming Education.

“With Las Vegas Sands’ support, we are setting the global standard in hospitality and gaming education and development of the industry’s future leaders and scholars,” said Stowe Shoemaker, dean of UNLV’s Harrah Hotel College. “These endeavors are vital for continuing UNLV’s leadership and building an environment that enhances the learning styles of tomorrow’s students, creating a truly global classroom.” (Source)

About Richard C. Wilson