| April 2005 | Volume 3, Issue 1 |
Foundation has variety of giving arrangements
The UNT Foundation was chartered in 1972 to advance education through the support of research, scholarships, teaching and facilities at the University of North Texas. To fulfill its mission, the Foundation provides a variety of services to its constituents.
Under governance of a 25-member board of directors, the Foundation manages gifts and gift income and makes distributions from these to the university, as the donor has requested.
It’s not surprising that in 33 years, the Foundation has seen a bit of everything, from paintings of peppers to an autographed baseball that earned a modest donation through an eBay auction.
One donor gave an entire company to the Foundation. The commercial printer owned a press capable of printing artwork. The Foundation liquidated the company’s assets, except for the press, which it gave to UNT’s School of Visual Arts.
Many gifts to the Foundation are intended to establish endowments at varying levels. Beyond gifts of cash, the Foundation is equipped to facilitate different financial arrangements that benefit the donor and UNT.
In these cases, the Foundation may serve as personal representative, executor or trustee.
Foundation assests, in millions (as of Dec. 31 each year) |
|
Year |
Dollar amount |
1990 |
$ 4.40 |
1991 |
$ 5.70 |
1992 |
$ 6.40 |
1993 |
$ 7.30 |
1994 |
$ 9.80 |
1995 |
$ 15.90 |
1996 |
$ 19.20 |
1997 |
$ 26.90 |
1998 |
$ 31.22 |
1999 |
$ 39.24 |
2000 |
$ 40.11 |
2001 |
$ 38.99 |
2002 |
$ 33.50 |
2003 |
$ 47.99 |
2004 |
$ 52.46 |
Market value of true endowment funds (in millions) |
|
December 31 of YEAR |
TOTAL TRUE ENDOWMENT |
1992 |
$5,230,640 |
1993 |
$6,261,922 |
1994 |
$8,440,672 |
1995 |
$11,185,152 |
1996 |
$17,758,643 |
1997 |
$21,029,279 |
1998 |
$21,623,209 |
1999 |
$25,301,008 |
2000 |
$29,506,206 |
2001 |
$30,033,008 |
2002 |
$24,450,274 |
2003 |
$29,841,390 |
2004 |
$33,400,438 |
BRIEFLY
The Wasatch Group, which drew scrutiny from the UNT Foundation’s Investment Committee after a poor third quarter performance in 2004 (see article on Page 1 of Endow UNT, Volume 2, Issue 4), rebounded in the fourth quarter with a 15.06 percent return.
Wasatch trailed its benchmark — the Russell 2000 — by .02 percent for the fourth quarter.
Historically, the manager has outperformed its benchmarks. Between selection by the Foundation in April 2002 and November 2004, assets grew from $3.5 million to $5.1 million, with distributions and additional contributions.
| For more information, please visit the Foundation on the Web at: http://endow.unt.edu |
Remember the UNT Foundation in your WILL. |
Website updated: April 25, 2005. Website comments or corrections: rsimmans@unt.edu