EASTERN OREGON UNIVERSITY FOUNDATION

2011 Financial Report

EOU Foundation PresidentJim McMahan, ’76

EOU PresidentBob Davies

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EASTERN OREGON UNIVERSITY

F O U N D A T I O N

2011 Annual Giving Report

EOU Foundation Trustees 2011-12

James G. McMahan, ’76, President

Thomas A. Insko, ’94, Vice PresidentKevin Loveland,

TreasurerRobert M. Allstott. ’85 Secretary

Cliff Bentz, ’74Julie BodfishCraig BrasethRichard Chaves, ’73Randy Dolven, ’67Jim Garrett, ’65C. Joseph GroverTony GroverWilliam HermannRichard HermensJack L. Johnson, ’72Steven J. Joseph, ’72Mary Jo Lemon, ’67Terry Lemon, ’69Dixie LundJames LundyColby Marshall, ’99Robert MoodyPatrick NearingMel Ott, ’64Valerie Royes, ’64Jack Schut, ’69Wayne Simonis, ’74R. Doyle SlaterGreg Smith, ’94Bradford StephensRobert Terry, ’51Peter WordelmanJay WylamArlene Young, ’53

David Gilbert Trustee Emeritus †

† Deceased

T A B L E O F C O N T E N T S

1 Eastern Oregon University Foundation Trustees 2011-12

2 Eastern Oregon University Foundation Annual Financial Review

5 Honor Roll of Donors

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Summary Expenditures by Purpose – All Restrictions

EOU Foundation 2011 Financial ReportThe Eastern Oregon University Foundation is growing and working every day to provide access to students and increase engagement with alumni and friends. Fiscal year 2011 set a strong pace for our path forward as we provided over $320,000 in scholarships, received nearly $1.5 million in gross receipts. The Foundation also reached a significant milestone as we exceeded $10 million in total assets.

We are excited to work with our alumni, friends, faculty, staff, and students on the Campaign for Eastern, a comprehensive fundraising effort focused on increasing student access by growing scholarships, internship opportunities, and support for academic and athletic programs to recruit and retain students. The Foundation and Advancement staff welcome the opportunity to work with you to answer your giving questions. ~Tim Seydel, Executive Director of EOU Foundation & Vice President for Admissions and Advancement

STATEMENT OF FINANCIAL POSITIONDECEMBER 31, 2011*

ASSETSCash $ 1,750,836Accrued interest receivable 756Investments 5,686,432Pledges receivable, net 1,121,904Beneficial interest 400,500Property and equipment, net 1,114,613Intangible assets, net 2,733 _____________Total assets $ 10,077,774 _____________ _____________

LIABILITIES: Refundable advance $ 172,919 _____________Total liabilities $ 172,919 _____________ _____________NET ASSETS: Unrestricted: Undesignated $ 276,391 Designated by Board 332,095 Temporarily restricted 3,781,384 Permanently restricted 5,514,985 _____________Total net assets $ 9,904,855 _____________

2011  Summary  of  Expenditures                                          All  Restric:ons  

Events    

Contracted  Services    

Postage    and  Prin2ng  

So3ware  Maintenance  &  Insurance  

Recogni2on,  Stewardship  &  Misc.    

Events    

Contracted  Services    

Postage    and  Prin2ng  

So3ware  Maintenance  &  Insurance  Recogni2on,  Stewardship  &  Misc.    

Supplies    

Student  Aid    

Training  &  Travel    

University  Support  

Adver2sing  and  Promo2on  

License,  Membership    &  Fees  

Services  and  Supplies  -­‐  EOU  

*The Oregon Agriculture Foundation (OAF), is recorded as a subsidiary of the EOU Foundation in the financial statements. The OAF is a charitable organization founded for the purpose of providing financial support to the EOU Foundation to help further agriculture studies.

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The Eastern Oregon University Foundation Year in Review

Statement of ActivitiesFor the Year Ended December 31, 2011

Temporarily Permanently Unrestricted Restricted Restricted TotalREVENUE AND GAINS Contributions $ 129,686 $ 153,707 $ 516,691 $ 800,084 Investment income (loss) (92,725) 11,839 - (80,886) Administrative assessments 119,479 - - 119,479 Special event revenue 9,605 14,960 - 24,565 Crop and timber income - 18,174 - 18,174 Rental income - 47,147 - 47,147 Net revaluation of split-interest agreements - - (12,373) (12,373) Gain (loss) on sale of assets - 31,342 - 31,342 Other revenue 4,043 35,891 228 40,162 _____________ _____________ _____________ _____________Total revenues and gains 170,088 313,060 504,546 987,694 _____________ _____________ _____________ _____________

NET ASSETS RELEASED FROM RESTRICTIONS: Expiration of program and time restrictions 418,850 (418,850) - - _____________ _____________ _____________ _____________ Total revenues, gains and other support 588,938 (105,790) 504,546 987,694 _____________ _____________ _____________ _____________

EXPENSES Administrative and general 177,285 - - 177,285 Fundraising support 132,821 - - 132,821 Other University support 385,102 - - 358,102 _____________ _____________ _____________ _____________Total expenses 668,208 - - 668,208 _____________ _____________ _____________ _____________

Increase (decrease) in net assets (79,270) (105,790) 504,546 319,486 _____________ _____________ _____________ _____________ Net assets, beginning of year, as previously reported 689,407 4,020,401 4,753,610 9,463,418

Prior Period adjustment (1,651) (133,227) 256,829 121,951 _____________ _____________ _____________ _____________ Net assets, beginning of year, as adjusted 687,756 3,887,174 5,010,439 9,585,369 _____________ _____________ _____________ _____________

Net assets, end of year $ 608,486 $ 3,781,384 $ 5,514,985 $ 9,904,855 _____________ _____________ _____________ _____________ _____________ _____________ _____________ _____________

FOUNDATION ACCOUNTING POLICIES: The EOU Foundation’s financial statements are presented in conformity with Generally Accepted Accounting Principles (GAAP). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual amounts could differ from those estimates.

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Matching GiftsBoeing Gift Matching ProgramDow Chemcial Company FoundationIllinois Tool Works FoundationMedtronic FoundationTektronix FoundationWells Fargo Community Support

ProgramsYahoo

Gifts-in-KindFitzgerald FlowersEstate of Patricia LumsdenCory PeekeScott and Madonna Rudder

Memorial Giftsin memory of Patsy Hutchinsonin memory of John & Laurie Martinin memory of Norman Mastersonin memory of Erros Osterlohin memory of Hailey Pearce

in memory of William Porterin memory of Mary Ruth Green Troyerin memory of Viola West

Corporate SponsorsAntelope Ridge Wind Power Project LLCAramark Dining ServicesBlue Mountain Auto Parts & Machine ShopBuffalo Peak Golf CourseCommunity BankLegacy Ford Lincoln MercuryLes Schwab Tires of La GrandeLiberty Mutual InsuranceMamacitas Grill LLCMcMahan Family DentistryRanch-N-Home RealtyRed Cross Drug StoreU.S. Bank Charitable Services GroupU.S. Bank La Grande BranchValley InsuranceWildhorse Resort and Casino

New FundsArts Poetica Stewardship FundDobbin Student Nursing Endowed Scholarship FundDobbin Student Loan FundJoy Veach Dobbin Endowed Scholarship FundJoy Veach Dobbin and William Dobbin

Endowed ScholarshipHazel and George Grover Endowed

Football Scholarship FundEOU Internship ProgramLon Loudenbech Endowed Scholarship FundGlen and Jean McKenzie Endowed

Professorship FundHailey Pearce Memorial Volleyball

Scholarship FundEOU President’s Innovative FundElizabeth Grant Sutton FundJennie White Memorial Scholarship Fund

2011 Donations by Constituency Type2011  Dona)ons  by  Cons)tuency  

Alumni  

Mountaineer  Athle/c  Associa/on  

Corporate  Donors  and  Sponsors  

Staff  &  Faculty  

Re/red  Faculty  and  Staff  

Founda/on's  

Friends  &  Parents  

President's  Club    

Trustee's  2011  Dona)ons  by  Cons)tuency  

Alumni  

Mountaineer  Athle/c  Associa/on  

Corporate  Donors  and  Sponsors  

Staff  &  Faculty  

Re/red  Faculty  and  Staff  

Founda/on's  

Friends  &  Parents  

President's  Club    

Trustee's  

2011  Dona)ons  by  Cons)tuency  

Alumni  

Mountaineer  Athle/c  Associa/on  

Corporate  Donors  and  Sponsors  

Staff  &  Faculty  

Re/red  Faculty  and  Staff  

Founda/on's  

Friends  &  Parents  

President's  Club    

Trustee's  Scholarship donors have the opportunity to meet with their student recipients each year at Tea & Trumpets.

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$100,000 and overEstate of Joy DobbinEstate of Pauline HarrisOregon Agriculture Foundation

$50,000 - $99,999Rema FleenerJoe and Carrie Grover

$20,000 - $49,999Don and Zola DunbarWilliam E. GunnDana and Shari ReddingtonJames and Connie VoelzWells Fargo Community Support ProgramsArlene Young

$10,000 - $19,999 Stephen and Jennifer AdkisonGreater Kansas City Community FoundationBob and Cindy DaviesPepsi Cola Bottling Co.Roger Reschini

$5,000 - $9,999Good Shepard Community Health FoundationJim and Rita McMahanCindy and Joe Meyer

$2,500 - $4,999Eastern Oregon Investment ManagementDavid E. Kerley

$1,000 - $2,499 Peggy AndersonAvista FoundationCarol and Doug CampbellMike and Susan DaughertyRandy and Cheeta DolvenEOU/OSU Agriculture ClubNick and Susie EddyEstate of Jennie White Fidelity Charitable Gift FundFor Our Rural OregonDave and Carolyn GilbertLinda and Hugo HartigBill and Jodi HermannMichael and Marilyn Jaeger

Jack and Patricia JohnsonMary Jo and Terry LemonGail and Jack McAllisterMatt MillsBob and Bev MoodyMountain West Moving & StorageJanice NeelyObsidian Urgent CareJohn PattersonChloe and Frank PearsonBob PeshallJohn and Jean ReinkingTim and Tressa SeydelClara and Ben StenkampThomas D. Miller ChiropracticJosephine Topholm

$500 - $999Bellavita, Inc.Gerry Braseth-Palmer and Eugene PalmerJoe and Dee BrogdonCity of Island CityMuriel DanforthJack DaughertyRichard and Sharon DaviesDonna and Bob DetrickColleen and Eddie Dunne-CascioCapt. and Mrs. Michael FergusonBrad and Lora FritzEdward Carl HolterSteven HunsakerColleen and Jeff JohnsonJeff and Colleen JohnsonPat and Joan KellyEllen KriegerCarol and Laurence KrollJon and Kristen LarkinLoveland Funeral ChapelDixie and Ed LundJim and Judy LundyMcMahan Family DentistryPatricia McManus BrandPat McPherrenAnne and Gary OlsonOregon Department of TransportationOutdoor Consultants, LLCLanetta S. PaulDouglas ReynoldsDoyle and Connie SlaterGary R. SyphersWaldrop Oil

Wesley F. Rampton, DMDWestern Communications, Inc.Dr. and Mrs. John G. WillmarthDale and Peggy Young

$250 - $499 Phil and Eloise BeauchampBrian and Teresa BiddleGary and Sheila BoresBud and Annie CarpenetiRob and Heather CashellThomas and Peggy CashellSteve ClementsJoe and Mary ColeDoyle and Candi ConnallElizabeth CooperMatthew Cooper and Sharon PorterChris CroninAnna Maria and Dwight DillRichard and Cindy FinlaysonMichael and Martha FrasierWalter and Velva FultonCaroline GlassmanBill and Rosie GrothJohn HarringtonFlint and Colleen HollandMel and J.E. HolmesLee and Beth InskoBruce KnellAndrew and Zona KoopmanMary KozaBud and Lorene LewisShannon and Marshall LynnRobert and Connie MeierMrs. Sarah and Dr. David MooreMountain Valley Therapy, IncMelanie NoellTom and Stacy NortonGregory and Eva OvesonVeronica PaulKent and Joan PaulsonBob PierceRomano and Linda RomaniMichael SaltvickJim and Judy SeydelSeydel, Lewis, Poe, Moeller, & Gunderson, LLCJeffrey and Pamela SmithGordon and Rhonda SyphersRobert and Maria Anne TolarU.S. Bank La GrandeJoanne Glenn Wiseman

and Jim WisemanDale and Lorrine Wordelman

$100 - $249Michael and Adelaide AndrewsPhyllis and Fred ArnstJoseph E. BairdLori BairdMr. and Mrs. John E. BarryBill BaxterCliff and Lindsey BentzDonna L. BergetMary and Mark BousquetRegina Braker and John McCallumGary and Charlotte BrockwayBrooks Painting ContractorJonathan BurchTim and Janet CampHeather and Rob CashellOrella ChadwickElaine and Bud CockrellKent and Priscilla CoeButch and Marjean CoreyCheryl M. CosgroveJim CourtneyCove School DistrictDiana and James CutsforthBernard and Jean Marie DamonLinda DensmoreKyla and Doug DickersonJustin and Gabrielle DiedrickDick and Judy DillonVes and Lois DotyMarcus and Alex DyerKevin and Mary ElliottJanet and Richard EngerEquity Foundation, Inc.Tony Joe EscaleraH Janet EustaceAllen EvansGary and Marilyn FeaselDoug and Sherri FeltonBillie FetzFirst Christian ChurchAnonymousElla and Brian FitzgeraldFitzgerald FlowersJeff and Helen FordMike GekasLarry and Patty GlazeKaryn GomezAngela and Frank Good

Honor Roll of DonorsThe EOU Foundation wishes to recognize and thank all of our donors in 2011. The following list recognizes each donor who gave to the Foundation, including gifts to the EOU Mountaineer Athletic Association and the many other organizations at the University. Donors are listed by the total amount given in 2011.

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Robert S. GrableGraybeal Distributing Co.Donald and Naomi GriegerHeidi HamHamley SteakhouseAlbert HarrisJanice and Lynn HarrisHarry and Juanita HartleyCamille and W.B. HawkinsMarjorie and Richard HaynesMargaret HeadWayne HeraldFred and Verna HillAnonymousSharon and Richard HohstadtGreg and Julie HowardAndy and Marianne HunterDavid JensenLeonard and Mary KennedyJohn Knudson-MartinEmi A. KoeLa Grande Amusement, Inc.Robert and Linda LadendorffLane Literary GuildCarol and Dale LauritzenJune LeafgrenVickie and Gary LeeMary LewisKen LillyDavid and Ginger MackieRob and Joan MadsenElwyn MartinAndrew MatesMark MathesMary McCrackenFrancis MillerMark and Sheri MirandaGreg MonahanMichael MooreRuben and Judith MooreEve and William MorganBetsy NeeleyLyle and Suzanne NelsonCaroline NoreliusMel and Diantha OttLen and Sheryl PingelCarolyn PrescottDrinda PrestonJohn and Becky PrestonGerald Ramey †Rand RietmannShirley and Chris RobertsJames and Mary RoseToni Rysdam-ShorreSandridge AgriprisesSchweitzer Engineering Laboratories, Inc.

Scott’s Heating & Air ConditioningBarbara SeegerLinda SettjeEdwin Shaul, Jr.Edwin and Muriel ShaulJerry and Elaine SherwoodWayne and Ernestine SimonisMarion R. SmithNathan and Joyce SmithScott and Christine SmithJolynne and John SpencerCindy StenardTheodore Taylor and Denise StoneEllie and Rick TymerBrenda UdyCarol VedderRonald and Sandra WalkAnonymousKerri WengerRussell and Mary WestLon WhitakerWes and Lynn WhittemoreDerrick and Megumi WhittleJohn Winters and Patrice BarretoSarah and Joseph WitteBlair Woodfield

Up to $99David AblesMark and Sallie AldapeBruce and Kathryn AndersonSami AsfahaniDanny AynesTreva and Richard BakkenValdez and Betty BatesMyrna and George BeemanLoretta L. BeesonGregory BerryCarrie Jo and Ross BingamanLinda BisnettSusan Boyd and Ira CohenBrenda BradyWalter BrayDoug BrineyJudy and Harold BrittonBetty and Howard BrownEleanor G. BrowntonSteve and Jan BumpRobert and Della Jean BurgessMolly and Norman BurkeRon and Jolene BurnetteGary BurtonDale and Ellen CampbellDoug and Carol CampbellGilbert and Drucilla CarpenterBilly CarrollAnna Cavinato

Pete CetonKaren and Lawrence ChitwoodJeff and Ginger ChurchSuzan CloughScott CoeDonald and Patricia ConrardJean CorpSheila Costigan and Michael BerglundCarol CounsellGerald and Lorraine CrawfordGlenda and Mervin CutrightKathleen DahlTim and Margaret DalyAnnabelle DanielBarbara and Richard DanielChris and Lisa DanticJeanette and Bruce DavidsonBill DeLashmuttJoella DeVillierJan DinsmoreDavid and Ann DrexlerLyla EddyMel and Eddie ElderVirginia ElderLinda ElegantShawna ElsberryShane EssencySharon Evoy and Jerome SebestyenFaith CenterMarilyn and Peter FallowPat FlynnCristy and Terry GaertnerRoberta GarnerGarrison Middle School Staff FundJulie GassnerMichael GilbertVivian GilesTheresa and Charles GillisJoyce GivensSteven GossLory Graham and Dennis LawJames and Vicki GrammerJackie and Steven GrantCarolyn and David GreenBob GregoryBrent GundersonCarol and Richard HaddockJamie Jo and Anthony HaddockKelly and Robert HardyTrisha HarshbergerTom and Susan HayesGary and Catherine HendricksPaul HerreraGary and Sharon HolmesLinda and Steve HowlandWhitney HughesDorothy Hunt

Jay HyderBeverly and Carl IseriSherry JacaAaron JacksonDouglas and Jacky JohnsonJudith and John JohnsonMary and Mark KarlHolly and John KerfootTony KerfootKaren and Dave KingBrian and Cindy KissingerJ. Steven and Edith KoenigRoxa KreimeyerFrank and Mary LambLanny and Sharon LarsenDenise LeidyGreg and Kathleen LettsVirginia and R. A. LinkenhokerBrian and Sheryl LittleAlexa LoscutoffGailya and Stanley LudviksenMarcus LynchCharles Lyons and Dianne GrayTom and Suzanne MaddenHarvey and Lyra MaidhoffBob and Janell MaloneyDale and Ginny MammenKarolyn and Robert Mc MillanSally and Mike McCrawJamey and Melissa McDonaldHaley McEnroeJanice and Thomas McIntyreJohn McKinnonMargaret and George MeadMen’s ConnectionRobert and Carol MessingerKim and Anita MetlenPatrick and Donna MooreRobert MotleyJacqueline NaegleTara and Mark NarkonBarbara and Berle NashCory NelsonJoseph and Vicki NeveauPatricia A. OdomJoe OgdonSandra and John OttFrank Scott PayneChristopher and Kelly PfeiferSharon Porter and Matthew CooperVernon and Mary PoundJ. Burdette PrattNorma RagsdaleWes and Marie RamptonHeather RandolphRodell RazorMarcia and Patrick Reiter

Honor Roll of Donors cont.

Eastern Oregon University FoundationUniversity Advancement

One University BoulevardLa Grande, Oregon 97850-2807

541-962-3740541-962-3680 Fax

Web site: www.eou.edu/foundation

E-mail: foundation@eou.edu

Investment ConsultantUS Bank Charitable Services Group

Portland, Oregon

Independent AuditorsRead & Bose, PC

Pendleton, Oregon

Independent AccountantsSeydel, Lewis, Poe, Moeller and Gunderson, LLC

La Grande, Oregon

Marcy and Allan RiceMary and Gary RichardsSteven RichardsMartha V. RichardsonJohn RinehartSandra RutherfordJack and Grace RyeJoe and Patricia SandozJean and Steven SchieweMuriel and Edwin Shaul

Diana and Randy SiltanenDebbie and Dave SilvaGenie SimeonaShirley and Bruce SimmonsEdith SmithTeresa and Craig Smith-DixonRick StantonBetty StewartVicki Lynn SullivanSarah Swanson

Jennifer and Jarod TeeterCheryl ThorntonAnonymousRenee ValleyJennifer and Ron Van TasselHelen VolleRaegan WaleDavid WalserFrank and Caroline WardAmy Lou and Norman Werst

Cindy WidmerSally and Michael WiensBailey J. Wiggs, Jr.Sean WilliamsSara Jane WilliamsonRalph and Sandra WoodwardPeter Wordelman and Lisa LadendorffPaul and Anita Wynes* Denotes anonymous donor

Honor Roll of Donors cont.

Every effort has been made to acknowledge all gifts received by the Foundation. If you have any questions or concerns please contact our office.

Tim SeydelVice President of Admissions & Advancement

Executive Director of EOU Foundation

Jon LarkinDirector of Development

Colby MarshallMajor Gifts Officer

Jessica BrettAlumni Coordinator

Karyl KramerGraphic Artist

Laura HancockPublic Information Assistant

Gerri SilveiraAccountant

Lara Petitclerc-StokesExecutive Support Specialist

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